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

WesBanco, Inc.WSBCO

FY 2016 Earnings

Reported December 30, 2016

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	$341M	—	$314M	—	8.6%
Op. Income	$118M	—	$109M	—	7.8%
Gross Margin	87.9%	—	89.5%	—	-1.6pp
Net Margin	25.4%	—	25.7%	—	-0.3pp
EPS (Diluted)	$2.16	—	$2.15	—	0.5%
Free Cash Flow	$129M	—	$79M	—	63.4%

Revenue Flow

Item	Amount
REVENUE	$341M
Cost of Revenue	$41M
GROSS PROFIT	$300M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$132M
SG&A Expenses	$132M
Other Expenses	$50M
Operating Expenses	$182M
Cost & Expenses	$223M
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	$0
EBIT	$118M
EBITDA	$118M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$341M
Cost of Revenue	$41M
GROSS PROFIT	$300M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$132M
SG&A Expenses	$132M
Other Expenses	$50M
Operating Expenses	$182M
Cost & Expenses	$223M
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	$0
EBIT	$118M
EBITDA	$118M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$24M
Change in Working Capital	$21M
OPERATING CASH FLOW	$131M
Capital Expenditure	-$2M
Acquisitions (Net)	$5M
Purchases of Investments	-$308M
Sales/Maturities of Investments	$673M
Other Investing Activities	-$182M
NET CASH FROM INVESTING	$186M
Net Debt Issuance	-$20M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$38M
Other Financing Activities	-$217M
NET CASH FROM FINANCING	-$276M
FREE CASH FLOW	$129M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$106M
Short-Term Investments	$7M
Net Receivables	$28M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$142M
PP&E (Net)	$133M
Goodwill	$574M
Intangible Assets	$19M
Long-Term Investments	$8.6B
Tax Assets	$0
Other Non-Current Assets	$303M
TOTAL NON-CURRENT ASSETS	$9.6B
TOTAL ASSETS	$9.8B
Account Payables	$0
Short-Term Debt	$849M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$849M
Long-Term Debt	$483M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7.1B
TOTAL NON-CURRENT LIABILITIES	$7.6B
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