WBS FY 2016 Earnings Report — Webster Financial Corporation Revenue & Financial Results | Market Cap Arena

Webster Financial CorporationWBS

FY 2016 Earnings

Reported March 1, 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	$1.1B	—	$998M	—	8.9%
Op. Income	$303M	—	$298M	—	1.9%
Gross Margin	85.3%	—	85.5%	—	-0.2pp
Net Margin	19.1%	—	20.5%	—	-1.5pp
EPS (Diluted)	$2.16	—	$2.13	—	1.4%
Free Cash Flow	$357M	—	$267M	—	34.0%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$160M
GROSS PROFIT	$927M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$352M
SG&A Expenses	$372M
Other Expenses	$251M
Operating Expenses	$623M
Cost & Expenses	$783M
OPERATING INCOME	$303M
Interest Income	$822M
Interest Expense	$103M
Other Income/Expenses	$0
INCOME BEFORE TAX	$303M
Income Tax Expense	$96M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$207M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$198M
D&A	$36M
EBIT	$303M
EBITDA	$340M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$160M
GROSS PROFIT	$927M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$352M
SG&A Expenses	$372M
Other Expenses	$251M
Operating Expenses	$623M
Cost & Expenses	$783M
OPERATING INCOME	$303M
Interest Income	$822M
Interest Expense	$103M
Other Income/Expenses	$0
INCOME BEFORE TAX	$303M
Income Tax Expense	$96M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$207M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$198M
D&A	$36M
EBIT	$303M
EBITDA	$340M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$207M
Depreciation & Amortization	$36M
Stock-Based Compensation	$11M
Deferred Income Tax	$18M
Other Non-Cash Items	$77M
Change in Working Capital	$49M
OPERATING CASH FLOW	$398M
Capital Expenditure	-$41M
Acquisitions (Net)	$0
Purchases of Investments	-$2.0B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	-$1.3B
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$179M
Common Stock Repurchased	-$11M
Common Dividends Paid	-$90M
Other Financing Activities	$1.2B
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$357M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$220M
Short-Term Investments	$3.0B
Net Receivables	$630M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$137M
Goodwill	$538M
Intangible Assets	$34M
Long-Term Investments	$20.5B
Tax Assets	$84M
Other Non-Current Assets	$965M
TOTAL NON-CURRENT ASSETS	$22.2B
TOTAL ASSETS	$26.1B
Account Payables	$0
Short-Term Debt	$950M
Deferred Revenue	$0
Other Current Liabilities	$19.3B
TOTAL CURRENT LIABILITIES	$20.5B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$23.5B
Common Stock	$937.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.4B
Treasury Stock	-$71M
Accum. Other Comp. Income	-$77M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$26.1B
Total Debt	$4.0B
Net Debt	$3.8B