UVSP FY 2019 Earnings Report — Univest Financial Corporation Revenue & Financial Results | Market Cap Arena

Univest Financial CorporationUVSP

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$280M	—	$251M	—	11.5%
Op. Income	$80M	—	$61M	—	31.9%
Gross Margin	80.9%	—	79.0%	—	1.9pp
Net Margin	23.5%	—	20.2%	—	3.3pp
EPS (Diluted)	$2.24	—	$1.72	—	30.2%
Free Cash Flow	$69M	—	$82M	—	-15.2%

Revenue Flow

Item	Amount
REVENUE	$280M
Cost of Revenue	$53M
GROSS PROFIT	$226M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$89M
SG&A Expenses	$92M
Other Expenses	$54M
Operating Expenses	$146M
Cost & Expenses	$199M
OPERATING INCOME	$80M
Interest Income	$214M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$80M
Income Tax Expense	$14M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$5M
EBIT	$80M
EBITDA	$85M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$280M
Cost of Revenue	$53M
GROSS PROFIT	$226M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$89M
SG&A Expenses	$92M
Other Expenses	$54M
Operating Expenses	$146M
Cost & Expenses	$199M
OPERATING INCOME	$80M
Interest Income	$214M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$80M
Income Tax Expense	$14M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$5M
EBIT	$80M
EBITDA	$85M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$5M
Stock-Based Compensation	$2M
Deferred Income Tax	-$2M
Other Non-Cash Items	$2M
Change in Working Capital	-$923.0K
OPERATING CASH FLOW	$73M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$93M
Sales/Maturities of Investments	$133M
Other Investing Activities	-$379M
NET CASH FROM INVESTING	-$343M
Net Debt Issuance	-$166M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$23M
Other Financing Activities	$475M
NET CASH FROM FINANCING	$286M
FREE CASH FLOW	$69M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$125M
Short-Term Investments	$247M
Net Receivables	$170M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$556M
PP&E (Net)	$91M
Goodwill	$173M
Intangible Assets	$10M
Long-Term Investments	$4.4B
Tax Assets	$4M
Other Non-Current Assets	$144M
TOTAL NON-CURRENT ASSETS	$4.8B
TOTAL ASSETS	$5.4B
Account Payables	$45M
Short-Term Debt	$47M
Deferred Revenue	$0
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$235M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$19M
TOTAL NON-CURRENT LIABILITIES	$254M
TOTAL LIABILITIES	$4.7B
Common Stock	$158M
Additional Paid-In Capital	$295M
Retained Earnings	$289M
Treasury Stock	-$45M
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$673M
Minority Interest	$0
TOTAL EQUITY	$673M
TOTAL LIABILITIES & EQUITY	$5.4B
Total Debt	$320M
Net Debt	$195M