WSBC FY 2012 Earnings Report — WesBanco, Inc. Revenue & Financial Results | Market Cap Arena

WesBanco, Inc.WSBC

FY 2012 Earnings

Reported March 7, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$273M	—	$281M	—	-3.0%
Op. Income	$63M	—	$54M	—	17.7%
Gross Margin	76.8%	—	67.9%	—	8.9pp
Net Margin	18.2%	—	15.6%	—	2.6pp
EPS (Diluted)	$1.84	—	$1.65	—	11.5%
Free Cash Flow	$71M	—	$106M	—	-33.3%

Revenue Flow

Item	Amount
REVENUE	$273M
Cost of Revenue	$63M
GROSS PROFIT	$210M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$92M
SG&A Expenses	$97M
Other Expenses	$50M
Operating Expenses	$146M
Cost & Expenses	$210M
OPERATING INCOME	$63M
Interest Income	$212M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$63M
Income Tax Expense	$14M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$6M
EBIT	$63M
EBITDA	$69M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$273M
Cost of Revenue	$63M
GROSS PROFIT	$210M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$92M
SG&A Expenses	$97M
Other Expenses	$50M
Operating Expenses	$146M
Cost & Expenses	$210M
OPERATING INCOME	$63M
Interest Income	$212M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$63M
Income Tax Expense	$14M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$6M
EBIT	$63M
EBITDA	$69M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$50M
Depreciation & Amortization	$6M
Stock-Based Compensation	$0
Deferred Income Tax	-$80.0K
Other Non-Cash Items	$10M
Change in Working Capital	$11M
OPERATING CASH FLOW	$77M
Capital Expenditure	-$6M
Acquisitions (Net)	$11M
Purchases of Investments	-$513M
Sales/Maturities of Investments	$718M
Other Investing Activities	-$154M
NET CASH FROM INVESTING	$55M
Net Debt Issuance	-$224M
Common Stock Repurchased	-$24.0K
Common Dividends Paid	-$18M
Other Financing Activities	$95M
NET CASH FROM FINANCING	-$147M
FREE CASH FLOW	$71M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$126M
Short-Term Investments	$1.0B
Net Receivables	$19M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$89M
Goodwill	$313M
Intangible Assets	$12M
Long-Term Investments	$4.3B
Tax Assets	$0
Other Non-Current Assets	$240M
TOTAL NON-CURRENT ASSETS	$4.9B
TOTAL ASSETS	$6.1B
Account Payables	$4M
Short-Term Debt	$143M
Deferred Revenue	$0
Other Current Liabilities	$4.9B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$225M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$48M
TOTAL NON-CURRENT LIABILITIES	$273M
TOTAL LIABILITIES	$5.4B
Common Stock	$61M
Additional Paid-In Capital	$242M
Retained Earnings	$419M
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$714M
Minority Interest	$0
TOTAL EQUITY	$714M
TOTAL LIABILITIES & EQUITY	$6.1B
Total Debt	$368M
Net Debt	$242M