WSBCO FY 2019 Earnings Report — WesBanco, Inc. Revenue & Financial Results | Market Cap Arena

WesBanco, Inc.WSBCO

FY 2019 Earnings

Reported December 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$568M	—	$480M	—	18.5%
Op. Income	$193M	—	$175M	—	10.7%
Gross Margin	83.2%	—	84.3%	—	-1.1pp
Net Margin	28.0%	—	29.8%	—	-1.9pp
EPS (Diluted)	$2.83	—	$2.92	—	-3.1%
Free Cash Flow	$171M	—	$176M	—	-3.0%

Revenue Flow

Item	Amount
REVENUE	$568M
Cost of Revenue	$96M
GROSS PROFIT	$473M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$203M
SG&A Expenses	$203M
Other Expenses	$76M
Operating Expenses	$279M
Cost & Expenses	$375M
OPERATING INCOME	$193M
Interest Income	$484M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$193M
Income Tax Expense	$34M
Net Income from Continuing Ops	$159M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$159M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$159M
D&A	$0
EBIT	$193M
EBITDA	$193M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$568M
Cost of Revenue	$96M
GROSS PROFIT	$473M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$203M
SG&A Expenses	$203M
Other Expenses	$76M
Operating Expenses	$279M
Cost & Expenses	$375M
OPERATING INCOME	$193M
Interest Income	$484M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$193M
Income Tax Expense	$34M
Net Income from Continuing Ops	$159M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$159M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$159M
D&A	$0
EBIT	$193M
EBITDA	$193M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$159M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$16M
Change in Working Capital	$8M
OPERATING CASH FLOW	$183M
Capital Expenditure	-$12M
Acquisitions (Net)	$60M
Purchases of Investments	-$615M
Sales/Maturities of Investments	$732M
Other Investing Activities	-$80M
NET CASH FROM INVESTING	$84M
Net Debt Issuance	$75M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$67M
Other Financing Activities	-$200M
NET CASH FROM FINANCING	-$202M
FREE CASH FLOW	$171M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$183M
Short-Term Investments	$0
Net Receivables	$44M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$227M
PP&E (Net)	$261M
Goodwill	$1.1B
Intangible Assets	$80M
Long-Term Investments	$13.7B
Tax Assets	$0
Other Non-Current Assets	$423M
TOTAL NON-CURRENT ASSETS	$15.5B
TOTAL ASSETS	$15.7B
Account Payables	$0
Short-Term Debt	$1.3B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$560M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11.2B
TOTAL NON-CURRENT LIABILITIES	$11.8B
TOTAL LIABILITIES	$13.1B
Common Stock	$142M
Additional Paid-In Capital	$1.6B
Retained Earnings	$825M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$103.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$15.7B
Total Debt	$1.9B
Net Debt	$1.7B