WSBCO FY 2011 Earnings Report — WesBanco, Inc. Revenue & Financial Results | Market Cap Arena

WesBanco, Inc.WSBCO

FY 2011 Earnings

Reported December 30, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$284M	—	$296M	—	-4.0%
Op. Income	$54M	—	$40M	—	34.2%
Gross Margin	68.3%	—	61.1%	—	7.2pp
Net Margin	15.4%	—	12.0%	—	3.4pp
EPS (Diluted)	$1.65	—	$1.34	—	23.1%
Free Cash Flow	$99M	—	$100M	—	-0.4%

Revenue Flow

Item	Amount
REVENUE	$284M
Cost of Revenue	$90M
GROSS PROFIT	$194M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$88M
SG&A Expenses	$88M
Other Expenses	$53M
Operating Expenses	$140M
Cost & Expenses	$230M
OPERATING INCOME	$54M
Interest Income	$224M
Interest Expense	$55M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$10M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	$0
EBIT	$54M
EBITDA	$54M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$284M
Cost of Revenue	$90M
GROSS PROFIT	$194M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$88M
SG&A Expenses	$88M
Other Expenses	$53M
Operating Expenses	$140M
Cost & Expenses	$230M
OPERATING INCOME	$54M
Interest Income	$224M
Interest Expense	$55M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$10M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	$0
EBIT	$54M
EBITDA	$54M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$44M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$43M
Change in Working Capital	$15M
OPERATING CASH FLOW	$102M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$765M
Sales/Maturities of Investments	$585M
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$171M
Net Debt Issuance	-$75M
Common Stock Repurchased	$0
Common Dividends Paid	-$16M
Other Financing Activities	$222M
NET CASH FROM FINANCING	$130M
FREE CASH FLOW	$99M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$140M
Short-Term Investments	$0
Net Receivables	$19M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$160M
PP&E (Net)	$82M
Goodwill	$274M
Intangible Assets	$9M
Long-Term Investments	$4.8B
Tax Assets	$44M
Other Non-Current Assets	$176M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$5.5B
Account Payables	$0
Short-Term Debt	$273M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$273M
Long-Term Debt	$198M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$4.4B
TOTAL NON-CURRENT LIABILITIES	$4.6B
TOTAL LIABILITIES	$4.9B
Common Stock	$55M
Additional Paid-In Capital	$192M
Retained Earnings	$389M
Treasury Stock	-$96.0K
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$634M
Minority Interest	$0
TOTAL EQUITY	$634M
TOTAL LIABILITIES & EQUITY	$5.5B
Total Debt	$471M
Net Debt	$331M