WBS FY 2017 Earnings Report — Webster Financial Corporation Revenue & Financial Results | Market Cap Arena

Webster Financial CorporationWBS

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.1B	—	8.0%
Op. Income	$354M	—	$303M	—	16.6%
Gross Margin	86.5%	—	85.3%	—	1.2pp
Net Margin	21.8%	—	19.1%	—	2.7pp
EPS (Diluted)	$2.67	—	$2.16	—	23.6%
Free Cash Flow	$416M	—	$357M	—	16.5%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$158M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$382M
SG&A Expenses	$400M
Other Expenses	$261M
Operating Expenses	$661M
Cost & Expenses	$819M
OPERATING INCOME	$354M
Interest Income	$914M
Interest Expense	$117M
Other Income/Expenses	$0
INCOME BEFORE TAX	$354M
Income Tax Expense	$98M
Net Income from Continuing Ops	$255M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$255M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$247M
D&A	$37M
EBIT	$354M
EBITDA	$391M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$158M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$382M
SG&A Expenses	$400M
Other Expenses	$261M
Operating Expenses	$661M
Cost & Expenses	$819M
OPERATING INCOME	$354M
Interest Income	$914M
Interest Expense	$117M
Other Income/Expenses	$0
INCOME BEFORE TAX	$354M
Income Tax Expense	$98M
Net Income from Continuing Ops	$255M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$255M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$247M
D&A	$37M
EBIT	$354M
EBITDA	$391M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$255M
Depreciation & Amortization	$37M
Stock-Based Compensation	$12M
Deferred Income Tax	-$9M
Other Non-Cash Items	$121M
Change in Working Capital	$28M
OPERATING CASH FLOW	$445M
Capital Expenditure	-$29M
Acquisitions (Net)	$0
Purchases of Investments	-$1.7B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	-$472M
NET CASH FROM INVESTING	-$531M
Net Debt Issuance	-$1.2B
Common Stock Repurchased	-$134M
Common Dividends Paid	-$95M
Other Financing Activities	$1.4B
NET CASH FROM FINANCING	$123M
FREE CASH FLOW	$416M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$257M
Short-Term Investments	$2.6B
Net Receivables	$546M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$130M
Goodwill	$538M
Intangible Assets	$30M
Long-Term Investments	$21.3B
Tax Assets	$93M
Other Non-Current Assets	$946M
TOTAL NON-CURRENT ASSETS	$23.0B
TOTAL ASSETS	$26.5B
Account Payables	$0
Short-Term Debt	$643M
Deferred Revenue	$0
Other Current Liabilities	$21.0B
TOTAL CURRENT LIABILITIES	$21.9B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$23.8B
Common Stock	$937.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.6B
Treasury Stock	-$70M
Accum. Other Comp. Income	-$92M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$26.5B
Total Debt	$2.5B
Net Debt	$2.3B