UVSP FY 2017 Earnings Report — Univest Financial Corporation Revenue & Financial Results | Market Cap Arena

Univest Financial CorporationUVSP

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$222M	—	$183M	—	21.7%
Op. Income	$62M	—	$23M	—	164.3%
Gross Margin	86.6%	—	90.6%	—	-4.0pp
Net Margin	19.8%	—	10.7%	—	9.2pp
EPS (Diluted)	$1.64	—	$0.84	—	95.2%
Free Cash Flow	$65M	—	$21M	—	213.1%

Revenue Flow

Item	Amount
REVENUE	$222M
Cost of Revenue	$30M
GROSS PROFIT	$193M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$78M
SG&A Expenses	$80M
Other Expenses	$51M
Operating Expenses	$131M
Cost & Expenses	$160M
OPERATING INCOME	$62M
Interest Income	$163M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$62M
Income Tax Expense	$18M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	$5M
EBIT	$62M
EBITDA	$67M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$222M
Cost of Revenue	$30M
GROSS PROFIT	$193M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$78M
SG&A Expenses	$80M
Other Expenses	$51M
Operating Expenses	$131M
Cost & Expenses	$160M
OPERATING INCOME	$62M
Interest Income	$163M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$62M
Income Tax Expense	$18M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	$5M
EBIT	$62M
EBITDA	$67M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$44M
Depreciation & Amortization	$5M
Stock-Based Compensation	$3M
Deferred Income Tax	$7M
Other Non-Cash Items	$10M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$69M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$115M
Sales/Maturities of Investments	$125M
Other Investing Activities	-$339M
NET CASH FROM INVESTING	-$332M
Net Debt Issuance	-$61M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$21M
Other Financing Activities	$294M
NET CASH FROM FINANCING	$281M
FREE CASH FLOW	$65M
Net Change in Cash	$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$75M
Short-Term Investments	$391M
Net Receivables	$130M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$597M
PP&E (Net)	$62M
Goodwill	$173M
Intangible Assets	$14M
Long-Term Investments	$3.5B
Tax Assets	$0
Other Non-Current Assets	$177M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.6B
Account Payables	$41M
Short-Term Debt	$136M
Deferred Revenue	$0
Other Current Liabilities	$3.6B
TOTAL CURRENT LIABILITIES	$3.7B
Long-Term Debt	$219M
Deferred Revenue NC	-$54M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$219M
TOTAL LIABILITIES	$4.0B
Common Stock	$158M
Additional Paid-In Capital	$290M
Retained Earnings	$217M
Treasury Stock	-$44M
Accum. Other Comp. Income	-$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$603M
Minority Interest	$0
TOTAL EQUITY	$603M
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$356M
Net Debt	$280M