WSBCO FY 2014 Earnings Report — WesBanco, Inc. Revenue & Financial Results | Market Cap Arena

WesBanco, Inc.WSBCO

FY 2014 Earnings

Reported December 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$282M	—	$285M	—	-0.9%
Op. Income	$94M	—	$85M	—	10.6%
Gross Margin	89.7%	—	85.4%	—	4.2pp
Net Margin	24.8%	—	22.5%	—	2.4pp
EPS (Diluted)	$2.39	—	$2.18	—	9.6%
Free Cash Flow	$86M	—	$89M	—	-3.8%

Revenue Flow

Item	Amount
REVENUE	$282M
Cost of Revenue	$29M
GROSS PROFIT	$253M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$105M
SG&A Expenses	$105M
Other Expenses	$54M
Operating Expenses	$159M
Cost & Expenses	$188M
OPERATING INCOME	$94M
Interest Income	$216M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$94M
Income Tax Expense	$24M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$0
EBIT	$94M
EBITDA	$94M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$282M
Cost of Revenue	$29M
GROSS PROFIT	$253M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$105M
SG&A Expenses	$105M
Other Expenses	$54M
Operating Expenses	$159M
Cost & Expenses	$188M
OPERATING INCOME	$94M
Interest Income	$216M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$94M
Income Tax Expense	$24M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$0
EBIT	$94M
EBITDA	$94M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$70M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$15M
Change in Working Capital	$8M
OPERATING CASH FLOW	$93M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$247M
Sales/Maturities of Investments	$279M
Other Investing Activities	-$196M
NET CASH FROM INVESTING	-$171M
Net Debt Issuance	$113M
Common Stock Repurchased	$0
Common Dividends Paid	-$25M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	$77M
FREE CASH FLOW	$86M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$94M
Short-Term Investments	$0
Net Receivables	$18M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$112M
PP&E (Net)	$93M
Goodwill	$0
Intangible Assets	$320M
Long-Term Investments	$5.6B
Tax Assets	$46M
Other Non-Current Assets	$168M
TOTAL NON-CURRENT ASSETS	$6.2B
TOTAL ASSETS	$6.3B
Account Payables	$0
Short-Term Debt	$232M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$232M
Long-Term Debt	$178M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$5.1B
TOTAL NON-CURRENT LIABILITIES	$5.3B
TOTAL LIABILITIES	$5.5B
Common Stock	$61M
Additional Paid-In Capital	$245M
Retained Earnings	$505M
Treasury Stock	-$2M
Accum. Other Comp. Income	-$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$788M
Minority Interest	$0
TOTAL EQUITY	$788M
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$410M
Net Debt	$316M