UVSP FY 2020 Earnings Report — Univest Financial Corporation Revenue & Financial Results | Market Cap Arena

Univest Financial CorporationUVSP

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$282M	—	$280M	—	1.0%
Op. Income	$57M	—	$80M	—	-28.9%
Gross Margin	75.1%	—	80.9%	—	-5.8pp
Net Margin	16.6%	—	23.5%	—	-6.9pp
EPS (Diluted)	$1.60	—	$2.24	—	-28.6%
Free Cash Flow	$47M	—	$69M	—	-31.6%

Revenue Flow

Item	Amount
REVENUE	$282M
Cost of Revenue	$70M
GROSS PROFIT	$212M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$96M
SG&A Expenses	$98M
Other Expenses	$57M
Operating Expenses	$155M
Cost & Expenses	$225M
OPERATING INCOME	$57M
Interest Income	$204M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$57M
Income Tax Expense	$10M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$5M
EBIT	$57M
EBITDA	$62M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$282M
Cost of Revenue	$70M
GROSS PROFIT	$212M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$96M
SG&A Expenses	$98M
Other Expenses	$57M
Operating Expenses	$155M
Cost & Expenses	$225M
OPERATING INCOME	$57M
Interest Income	$204M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$57M
Income Tax Expense	$10M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$5M
EBIT	$57M
EBITDA	$62M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$5M
Stock-Based Compensation	$1M
Deferred Income Tax	-$10M
Other Non-Cash Items	$2M
Change in Working Capital	$6M
OPERATING CASH FLOW	$51M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$148M
Sales/Maturities of Investments	$215M
Other Investing Activities	-$932M
NET CASH FROM INVESTING	-$867M
Net Debt Issuance	$49M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$18M
Other Financing Activities	$881M
NET CASH FROM FINANCING	$911M
FREE CASH FLOW	$47M
Net Change in Cash	$95M

Balance Sheet

Item	Amount
Cash & Equivalents	$220M
Short-Term Investments	$219M
Net Receivables	$189M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$639M
PP&E (Net)	$90M
Goodwill	$173M
Intangible Assets	$9M
Long-Term Investments	$5.3B
Tax Assets	$17M
Other Non-Current Assets	$157M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$6.3B
Account Payables	$52M
Short-Term Debt	$18M
Deferred Revenue	$0
Other Current Liabilities	$5.2B
TOTAL CURRENT LIABILITIES	$5.3B
Long-Term Debt	$294M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$331M
TOTAL LIABILITIES	$5.6B
Common Stock	$158M
Additional Paid-In Capital	$296M
Retained Earnings	$307M
Treasury Stock	-$46M
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$692M
Minority Interest	$0
TOTAL EQUITY	$692M
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$349M
Net Debt	$129M