WBS FY 2006 Earnings Report — Webster Financial Corporation Revenue & Financial Results | Market Cap Arena

Webster Financial CorporationWBS

FY 2006 Earnings

Reported February 27, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.2B	—	—	—	—
Op. Income	$193M	—	—	—	—
Gross Margin	56.7%	—	—	—	—
Net Margin	11.2%	—	—	—	—
EPS (Diluted)	$2.47	—	—	—	—
Free Cash Flow	$130M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$517M
GROSS PROFIT	$678M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$230M
SG&A Expenses	$245M
Other Expenses	$240M
Operating Expenses	$485M
Cost & Expenses	$1.0B
OPERATING INCOME	$193M
Interest Income	$1.0B
Interest Expense	$506M
Other Income/Expenses	$0
INCOME BEFORE TAX	$193M
Income Tax Expense	$59M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$110.0K
Other Adjustments	$0
NET INCOME	$134M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$134M
D&A	$54M
EBIT	$193M
EBITDA	$247M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$517M
GROSS PROFIT	$678M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$230M
SG&A Expenses	$245M
Other Expenses	$240M
Operating Expenses	$485M
Cost & Expenses	$1.0B
OPERATING INCOME	$193M
Interest Income	$1.0B
Interest Expense	$506M
Other Income/Expenses	$0
INCOME BEFORE TAX	$193M
Income Tax Expense	$59M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$110.0K
Other Adjustments	$0
NET INCOME	$134M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$134M
D&A	$54M
EBIT	$193M
EBITDA	$247M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$134M
Depreciation & Amortization	$54M
Stock-Based Compensation	$0
Deferred Income Tax	$5M
Other Non-Cash Items	$65M
Change in Working Capital	-$102M
OPERATING CASH FLOW	$158M
Capital Expenditure	-$27M
Acquisitions (Net)	$11M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$3.6B
Other Investing Activities	-$535M
NET CASH FROM INVESTING	$1.6B
Net Debt Issuance	-$1.8B
Common Stock Repurchased	$0
Common Dividends Paid	-$57M
Other Financing Activities	$216M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$130M
Net Change in Cash	$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$312M
Short-Term Investments	$0
Net Receivables	$91M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$402M
PP&E (Net)	$191M
Goodwill	$0
Intangible Assets	$91M
Long-Term Investments	$15.1B
Tax Assets	$0
Other Non-Current Assets	$599M
TOTAL NON-CURRENT ASSETS	$16.7B
TOTAL ASSETS	$17.1B
Account Payables	$0
Short-Term Debt	$893M
Deferred Revenue	$0
Other Current Liabilities	$12.5B
TOTAL CURRENT LIABILITIES	$13.4B
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$164M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$15.2B
Common Stock	$564.0K
Additional Paid-In Capital	$727M
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$10M
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$17.1B
Total Debt	$2.6B
Net Debt	$2.3B