WSBC FY 2006 Earnings Report — WesBanco, Inc. Revenue & Financial Results | Market Cap Arena

WesBanco, Inc.WSBC

FY 2006 Earnings

Reported March 13, 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	$268M	—	—	—	—
Op. Income	$48M	—	—	—	—
Gross Margin	57.7%	—	—	—	—
Net Margin	14.6%	—	—	—	—
EPS (Diluted)	$1.79	—	—	—	—
Free Cash Flow	$68M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$268M
Cost of Revenue	$113M
GROSS PROFIT	$155M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$54M
SG&A Expenses	$59M
Other Expenses	$47M
Operating Expenses	$106M
Cost & Expenses	$219M
OPERATING INCOME	$48M
Interest Income	$227M
Interest Expense	$104M
Other Income/Expenses	$0
INCOME BEFORE TAX	$48M
Income Tax Expense	$9M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$4M
EBIT	$48M
EBITDA	$53M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$268M
Cost of Revenue	$113M
GROSS PROFIT	$155M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$54M
SG&A Expenses	$59M
Other Expenses	$47M
Operating Expenses	$106M
Cost & Expenses	$219M
OPERATING INCOME	$48M
Interest Income	$227M
Interest Expense	$104M
Other Income/Expenses	$0
INCOME BEFORE TAX	$48M
Income Tax Expense	$9M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$4M
EBIT	$48M
EBITDA	$53M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$39M
Depreciation & Amortization	$4M
Stock-Based Compensation	$0
Deferred Income Tax	-$395.0K
Other Non-Cash Items	$12M
Change in Working Capital	$18M
OPERATING CASH FLOW	$73M
Capital Expenditure	-$6M
Acquisitions (Net)	-$14M
Purchases of Investments	-$281M
Sales/Maturities of Investments	$538M
Other Investing Activities	$4M
NET CASH FROM INVESTING	$240M
Net Debt Issuance	-$269M
Common Stock Repurchased	$0
Common Dividends Paid	-$23M
Other Financing Activities	-$21M
NET CASH FROM FINANCING	-$327M
FREE CASH FLOW	$68M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$97M
Short-Term Investments	$0
Net Receivables	$19M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$116M
PP&E (Net)	$67M
Goodwill	$0
Intangible Assets	$19M
Long-Term Investments	$3.6B
Tax Assets	$0
Other Non-Current Assets	$154M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.1B
Account Payables	$10M
Short-Term Debt	$203M
Deferred Revenue	$0
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$447M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$473M
TOTAL LIABILITIES	$3.7B
Common Stock	$49M
Additional Paid-In Capital	$123M
Retained Earnings	$316M
Treasury Stock	-$62M
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$417M
Minority Interest	$0
TOTAL EQUITY	$417M
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$649M
Net Debt	$553M