WAL FY 2016 Earnings Report — Western Alliance Bancorporation Revenue & Financial Results | Market Cap Arena

Western Alliance BancorporationWAL

FY 2016 Earnings

Reported February 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$739M	—	$551M	—	34.1%
Op. Income	$361M	—	$259M	—	39.7%
Gross Margin	93.1%	—	93.5%	—	-0.4pp
Net Margin	35.2%	—	35.3%	—	-0.1pp
EPS (Diluted)	$2.50	—	$2.03	—	23.2%
Free Cash Flow	$270M	—	$210M	—	28.9%

Revenue Flow

Item	Amount
REVENUE	$739M
Cost of Revenue	$51M
GROSS PROFIT	$687M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$189M
SG&A Expenses	$192M
Other Expenses	$134M
Operating Expenses	$326M
Cost & Expenses	$377M
OPERATING INCOME	$361M
Interest Income	$701M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$361M
Income Tax Expense	$101M
Net Income from Continuing Ops	$260M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$260M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$260M
D&A	$12M
EBIT	$361M
EBITDA	$374M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$739M
Cost of Revenue	$51M
GROSS PROFIT	$687M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$189M
SG&A Expenses	$192M
Other Expenses	$134M
Operating Expenses	$326M
Cost & Expenses	$377M
OPERATING INCOME	$361M
Interest Income	$701M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$361M
Income Tax Expense	$101M
Net Income from Continuing Ops	$260M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$260M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$260M
D&A	$12M
EBIT	$361M
EBITDA	$374M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$260M
Depreciation & Amortization	$12M
Stock-Based Compensation	$20M
Deferred Income Tax	$8M
Other Non-Cash Items	$6M
Change in Working Capital	-$25M
OPERATING CASH FLOW	$281M
Capital Expenditure	-$11M
Acquisitions (Net)	-$1.3B
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$526M
Other Investing Activities	-$836M
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	$103M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2.5B
NET CASH FROM FINANCING	$2.7B
FREE CASH FLOW	$270M
Net Change in Cash	$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$284M
Short-Term Investments	$2.6B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$120M
Goodwill	$290M
Intangible Assets	$13M
Long-Term Investments	$13.6B
Tax Assets	$95M
Other Non-Current Assets	$237M
TOTAL NON-CURRENT ASSETS	$14.3B
TOTAL ASSETS	$17.2B
Account Payables	$0
Short-Term Debt	$122M
Deferred Revenue	$0
Other Current Liabilities	$14.5B
TOTAL CURRENT LIABILITIES	$14.7B
Long-Term Debt	$368M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$270M
TOTAL NON-CURRENT LIABILITIES	$638M
TOTAL LIABILITIES	$15.3B
Common Stock	$10.0K
Additional Paid-In Capital	$1.4B
Retained Earnings	$522M
Treasury Stock	-$26M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$17.2B
Total Debt	$490M
Net Debt	$205M