WSBC FY 2015 Earnings Report — WesBanco, Inc. Revenue & Financial Results | Market Cap Arena

WesBanco, Inc.WSBC

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$332M	—	$280M	—	18.4%
Op. Income	$109M	—	$94M	—	16.5%
Gross Margin	90.0%	—	89.6%	—	0.4pp
Net Margin	24.3%	—	25.0%	—	-0.6pp
EPS (Diluted)	$2.15	—	$2.39	—	-10.0%
Free Cash Flow	$79M	—	$87M	—	-9.6%

Revenue Flow

Item	Amount
REVENUE	$332M
Cost of Revenue	$33M
GROSS PROFIT	$299M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$116M
SG&A Expenses	$122M
Other Expenses	$67M
Operating Expenses	$189M
Cost & Expenses	$223M
OPERATING INCOME	$109M
Interest Income	$262M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$109M
Income Tax Expense	$28M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$81M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$81M
D&A	$8M
EBIT	$109M
EBITDA	$117M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$332M
Cost of Revenue	$33M
GROSS PROFIT	$299M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$116M
SG&A Expenses	$122M
Other Expenses	$67M
Operating Expenses	$189M
Cost & Expenses	$223M
OPERATING INCOME	$109M
Interest Income	$262M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$109M
Income Tax Expense	$28M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$81M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$81M
D&A	$8M
EBIT	$109M
EBITDA	$117M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$81M
Depreciation & Amortization	$8M
Stock-Based Compensation	$2M
Deferred Income Tax	$11M
Other Non-Cash Items	$5M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$89M
Capital Expenditure	-$10M
Acquisitions (Net)	-$29M
Purchases of Investments	-$917M
Sales/Maturities of Investments	$1.0B
Other Investing Activities	-$286M
NET CASH FROM INVESTING	-$210M
Net Debt Issuance	$386M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$33M
Other Financing Activities	-$236M
NET CASH FROM FINANCING	$115M
FREE CASH FLOW	$79M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$87M
Short-Term Investments	$1.4B
Net Receivables	$26M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$112M
Goodwill	$481M
Intangible Assets	$10M
Long-Term Investments	$6.0B
Tax Assets	$0
Other Non-Current Assets	$307M
TOTAL NON-CURRENT ASSETS	$7.0B
TOTAL ASSETS	$8.5B
Account Payables	$2M
Short-Term Debt	$81M
Deferred Revenue	$0
Other Current Liabilities	$6.1B
TOTAL CURRENT LIABILITIES	$6.1B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$51M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$7.3B
Common Stock	$80M
Additional Paid-In Capital	$516M
Retained Earnings	$550M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$8.5B
Total Debt	$1.2B
Net Debt	$1.1B