WBS Q1 2016 Earnings Report — Webster Financial Corporation Revenue & Financial Results | Market Cap Arena

Webster Financial CorporationWBS

Q1 2016 Earnings

Reported May 9, 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	$265M	—	—	—	—
Op. Income	$70M	—	—	—	—
Gross Margin	84.2%	—	—	—	—
Net Margin	17.8%	—	—	—	—
EPS (Diluted)	$0.51	—	—	—	—
Free Cash Flow	$2M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$265M
Cost of Revenue	$42M
GROSS PROFIT	$223M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$87M
SG&A Expenses	$92M
Other Expenses	$60M
Operating Expenses	$152M
Cost & Expenses	$194M
OPERATING INCOME	$70M
Interest Income	$202M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$70M
Income Tax Expense	$23M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$9M
EBIT	$70M
EBITDA	$79M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$265M
Cost of Revenue	$42M
GROSS PROFIT	$223M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$87M
SG&A Expenses	$92M
Other Expenses	$60M
Operating Expenses	$152M
Cost & Expenses	$194M
OPERATING INCOME	$70M
Interest Income	$202M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$70M
Income Tax Expense	$23M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$9M
EBIT	$70M
EBITDA	$79M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$9M
Stock-Based Compensation	$3M
Deferred Income Tax	$17M
Other Non-Cash Items	$36M
Change in Working Capital	-$98M
OPERATING CASH FLOW	$14M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	-$415M
Sales/Maturities of Investments	$296M
Other Investing Activities	-$77M
NET CASH FROM INVESTING	-$209M
Net Debt Issuance	-$301M
Common Stock Repurchased	-$16M
Common Dividends Paid	-$21M
Other Financing Activities	$533M
NET CASH FROM FINANCING	$193M
FREE CASH FLOW	$2M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$226M
Short-Term Investments	$3.1B
Net Receivables	$591M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$134M
Goodwill	$538M
Intangible Assets	$38M
Long-Term Investments	$19.1B
Tax Assets	$81M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$21.0B
TOTAL ASSETS	$24.9B
Account Payables	$0
Short-Term Debt	$910M
Deferred Revenue	$0
Other Current Liabilities	$18.7B
TOTAL CURRENT LIABILITIES	$19.9B
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$22.5B
Common Stock	$937.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.3B
Treasury Stock	-$84M
Accum. Other Comp. Income	-$70M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$0
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$24.9B
Total Debt	$3.5B
Net Debt	$3.3B