UVSP FY 2018 Earnings Report — Univest Financial Corporation Revenue & Financial Results | Market Cap Arena

Univest Financial CorporationUVSP

FY 2018 Earnings

Reported February 28, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$251M	—	$222M	—	12.8%
Op. Income	$61M	—	$62M	—	-1.8%
Gross Margin	79.0%	—	86.6%	—	-7.7pp
Net Margin	20.2%	—	19.8%	—	0.3pp
EPS (Diluted)	$1.72	—	$1.64	—	4.9%
Free Cash Flow	$82M	—	$65M	—	26.3%

Revenue Flow

Item	Amount
REVENUE	$251M
Cost of Revenue	$53M
GROSS PROFIT	$198M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$82M
SG&A Expenses	$85M
Other Expenses	$52M
Operating Expenses	$137M
Cost & Expenses	$190M
OPERATING INCOME	$61M
Interest Income	$190M
Interest Expense	$32M
Other Income/Expenses	$0
INCOME BEFORE TAX	$61M
Income Tax Expense	$10M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$5M
EBIT	$61M
EBITDA	$66M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$251M
Cost of Revenue	$53M
GROSS PROFIT	$198M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$82M
SG&A Expenses	$85M
Other Expenses	$52M
Operating Expenses	$137M
Cost & Expenses	$190M
OPERATING INCOME	$61M
Interest Income	$190M
Interest Expense	$32M
Other Income/Expenses	$0
INCOME BEFORE TAX	$61M
Income Tax Expense	$10M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$5M
EBIT	$61M
EBITDA	$66M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$51M
Depreciation & Amortization	$5M
Stock-Based Compensation	$3M
Deferred Income Tax	-$599.0K
Other Non-Cash Items	$17M
Change in Working Capital	$11M
OPERATING CASH FLOW	$86M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$109M
Sales/Maturities of Investments	$78M
Other Investing Activities	-$397M
NET CASH FROM INVESTING	-$431M
Net Debt Issuance	$74M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$23M
Other Financing Activities	$332M
NET CASH FROM FINANCING	$379M
FREE CASH FLOW	$82M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$109M
Short-Term Investments	$329M
Net Receivables	$160M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$613M
PP&E (Net)	$60M
Goodwill	$173M
Intangible Assets	$12M
Long-Term Investments	$4.0B
Tax Assets	$4M
Other Non-Current Assets	$141M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$5.0B
Account Payables	$45M
Short-Term Debt	$210M
Deferred Revenue	$0
Other Current Liabilities	$3.9B
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$220M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$220M
TOTAL LIABILITIES	$4.4B
Common Stock	$158M
Additional Paid-In Capital	$292M
Retained Earnings	$248M
Treasury Stock	-$46M
Accum. Other Comp. Income	-$28M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$624M
Minority Interest	$0
TOTAL EQUITY	$624M
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$430M
Net Debt	$320M