WSBCO FY 2007 Earnings Report — WesBanco, Inc. Revenue & Financial Results | Market Cap Arena

WesBanco, Inc.WSBCO

FY 2007 Earnings

Reported December 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$289M	—	$259M	—	11.8%
Op. Income	$53M	—	$48M	—	9.1%
Gross Margin	56.6%	—	56.2%	—	0.3pp
Net Margin	15.5%	—	15.1%	—	0.4pp
EPS (Diluted)	$2.09	—	$1.79	—	16.8%
Free Cash Flow	$49M	—	$68M	—	-27.2%

Revenue Flow

Item	Amount
REVENUE	$289M
Cost of Revenue	$126M
GROSS PROFIT	$163M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$44M
Operating Expenses	$111M
Cost & Expenses	$236M
OPERATING INCOME	$53M
Interest Income	$236M
Interest Expense	$117M
Other Income/Expenses	$0
INCOME BEFORE TAX	$53M
Income Tax Expense	$8M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$6M
EBIT	$53M
EBITDA	$59M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$289M
Cost of Revenue	$126M
GROSS PROFIT	$163M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$44M
Operating Expenses	$111M
Cost & Expenses	$236M
OPERATING INCOME	$53M
Interest Income	$236M
Interest Expense	$117M
Other Income/Expenses	$0
INCOME BEFORE TAX	$53M
Income Tax Expense	$8M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$6M
EBIT	$53M
EBITDA	$59M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$45M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$6M
Change in Working Capital	$8M
OPERATING CASH FLOW	$59M
Capital Expenditure	-$9M
Acquisitions (Net)	$7M
Purchases of Investments	-$240M
Sales/Maturities of Investments	$219M
Other Investing Activities	$123M
NET CASH FROM INVESTING	$100M
Net Debt Issuance	-$25M
Common Stock Repurchased	-$30M
Common Dividends Paid	-$30M
Other Financing Activities	-$40M
NET CASH FROM FINANCING	-$125M
FREE CASH FLOW	$49M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$129M
Short-Term Investments	$276.0K
Net Receivables	$24M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$153M
PP&E (Net)	$94M
Goodwill	$257M
Intangible Assets	$20M
Long-Term Investments	$4.7B
Tax Assets	$0
Other Non-Current Assets	$189M
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$5.4B
Account Payables	$0
Short-Term Debt	$381M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$381M
Long-Term Debt	$466M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4.0B
TOTAL NON-CURRENT LIABILITIES	$4.4B
TOTAL LIABILITIES	$4.8B
Common Stock	$55M
Additional Paid-In Capital	$190M
Retained Earnings	$336M
Treasury Stock	-$2M
Accum. Other Comp. Income	$276.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$580M
Minority Interest	$0
TOTAL EQUITY	$580M
TOTAL LIABILITIES & EQUITY	$5.4B
Total Debt	$846M
Net Debt	$717M