WSBC FY 2016 Earnings Report — WesBanco, Inc. Revenue & Financial Results | Market Cap Arena

WesBanco, Inc.WSBC

FY 2016 Earnings

Reported February 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$363M	—	$332M	—	9.5%
Op. Income	$118M	—	$109M	—	7.8%
Gross Margin	88.6%	—	90.0%	—	-1.4pp
Net Margin	23.8%	—	24.3%	—	-0.5pp
EPS (Diluted)	$2.16	—	$2.15	—	0.5%
Free Cash Flow	$122M	—	$79M	—	53.8%

Revenue Flow

Item	Amount
REVENUE	$363M
Cost of Revenue	$41M
GROSS PROFIT	$322M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$124M
SG&A Expenses	$130M
Other Expenses	$75M
Operating Expenses	$204M
Cost & Expenses	$246M
OPERATING INCOME	$118M
Interest Income	$286M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$118M
Income Tax Expense	$31M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$9M
EBIT	$118M
EBITDA	$127M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$363M
Cost of Revenue	$41M
GROSS PROFIT	$322M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$124M
SG&A Expenses	$130M
Other Expenses	$75M
Operating Expenses	$204M
Cost & Expenses	$246M
OPERATING INCOME	$118M
Interest Income	$286M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$118M
Income Tax Expense	$31M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$9M
EBIT	$118M
EBITDA	$127M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$9M
Stock-Based Compensation	$2M
Deferred Income Tax	$11M
Other Non-Cash Items	-$2M
Change in Working Capital	$16M
OPERATING CASH FLOW	$124M
Capital Expenditure	-$2M
Acquisitions (Net)	$5M
Purchases of Investments	-$307M
Sales/Maturities of Investments	$673M
Other Investing Activities	-$174M
NET CASH FROM INVESTING	$194M
Net Debt Issuance	-$78M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$38M
Other Financing Activities	-$159M
NET CASH FROM FINANCING	-$276M
FREE CASH FLOW	$122M
Net Change in Cash	$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$128M
Short-Term Investments	$1.2B
Net Receivables	$28M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$133M
Goodwill	$574M
Intangible Assets	$19M
Long-Term Investments	$7.3B
Tax Assets	$0
Other Non-Current Assets	$376M
TOTAL NON-CURRENT ASSETS	$8.4B
TOTAL ASSETS	$9.8B
Account Payables	$2M
Short-Term Debt	$199M
Deferred Revenue	$0
Other Current Liabilities	$7.0B
TOTAL CURRENT LIABILITIES	$7.2B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$74M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$8.4B
Common Stock	$92M
Additional Paid-In Capital	$681M
Retained Earnings	$597M
Treasury Stock	$0
Accum. Other Comp. Income	-$28M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$1.3B
Net Debt	$1.2B