WAL Q1 2016 Earnings Report — Western Alliance Bancorporation Revenue & Financial Results | Market Cap Arena

Western Alliance BancorporationWAL

Q1 2016 Earnings

Reported April 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$166M	—	—	—	—
Op. Income	$81M	—	—	—	—
Gross Margin	93.3%	—	—	—	—
Net Margin	37.0%	—	—	—	—
EPS (Diluted)	$0.60	—	—	—	—
Free Cash Flow	$68M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$166M
Cost of Revenue	$11M
GROSS PROFIT	$155M
R&D Expenses	$0
Selling & Marketing	$657.0K
General & Administrative	$45M
SG&A Expenses	$46M
Other Expenses	$28M
Operating Expenses	$74M
Cost & Expenses	$85M
OPERATING INCOME	$81M
Interest Income	$154M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$81M
Income Tax Expense	$20M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$3M
EBIT	$81M
EBITDA	$83M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$166M
Cost of Revenue	$11M
GROSS PROFIT	$155M
R&D Expenses	$0
Selling & Marketing	$657.0K
General & Administrative	$45M
SG&A Expenses	$46M
Other Expenses	$28M
Operating Expenses	$74M
Cost & Expenses	$85M
OPERATING INCOME	$81M
Interest Income	$154M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$81M
Income Tax Expense	$20M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$3M
EBIT	$81M
EBITDA	$83M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$3M
Stock-Based Compensation	$5M
Deferred Income Tax	$5M
Other Non-Cash Items	-$8M
Change in Working Capital	$5M
OPERATING CASH FLOW	$71M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$150M
Sales/Maturities of Investments	$107M
Other Investing Activities	-$110M
NET CASH FROM INVESTING	-$156M
Net Debt Issuance	-$152M
Common Stock Repurchased	-$7M
Common Dividends Paid	$0
Other Financing Activities	$1.0B
NET CASH FROM FINANCING	$891M
FREE CASH FLOW	$68M
Net Change in Cash	$806M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$2.0B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$120M
Goodwill	$289M
Intangible Assets	$15M
Long-Term Investments	$11.2B
Tax Assets	$74M
Other Non-Current Assets	$555M
TOTAL NON-CURRENT ASSETS	$12.2B
TOTAL ASSETS	$15.2B
Account Payables	$0
Short-Term Debt	$36M
Deferred Revenue	$0
Other Current Liabilities	$13.1B
TOTAL CURRENT LIABILITIES	$13.1B
Long-Term Debt	$210M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$259M
TOTAL NON-CURRENT LIABILITIES	$470M
TOTAL LIABILITIES	$13.6B
Common Stock	$10.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$324M
Treasury Stock	-$26M
Accum. Other Comp. Income	$33M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$15.2B
Total Debt	$247M
Net Debt	-$784M