WSBCO FY 2020 Earnings Report — WesBanco, Inc. Revenue & Financial Results | Market Cap Arena

WesBanco, Inc.WSBCO

FY 2020 Earnings

Reported December 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$650M	—	$568M	—	14.4%
Op. Income	$145M	—	$193M	—	-24.9%
Gross Margin	73.9%	—	83.2%	—	-9.3pp
Net Margin	18.8%	—	28.0%	—	-9.2pp
EPS (Diluted)	$1.77	—	$2.83	—	-37.5%
Free Cash Flow	$176M	—	$171M	—	2.8%

Revenue Flow

Item	Amount
REVENUE	$650M
Cost of Revenue	$170M
GROSS PROFIT	$480M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$233M
SG&A Expenses	$233M
Other Expenses	$102M
Operating Expenses	$335M
Cost & Expenses	$505M
OPERATING INCOME	$145M
Interest Income	$541M
Interest Expense	$62M
Other Income/Expenses	$0
INCOME BEFORE TAX	$145M
Income Tax Expense	$23M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$0
EBIT	$145M
EBITDA	$145M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$650M
Cost of Revenue	$170M
GROSS PROFIT	$480M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$233M
SG&A Expenses	$233M
Other Expenses	$102M
Operating Expenses	$335M
Cost & Expenses	$505M
OPERATING INCOME	$145M
Interest Income	$541M
Interest Expense	$62M
Other Income/Expenses	$0
INCOME BEFORE TAX	$145M
Income Tax Expense	$23M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$0
EBIT	$145M
EBITDA	$145M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$122M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$75M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$183M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$669M
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$619M
NET CASH FROM INVESTING	-$66M
Net Debt Issuance	-$914M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$85M
Other Financing Activities	$1.4B
NET CASH FROM FINANCING	$553M
FREE CASH FLOW	$176M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$184M
Short-Term Investments	$0
Net Receivables	$67M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$251M
PP&E (Net)	$249M
Goodwill	$1.1B
Intangible Assets	$66M
Long-Term Investments	$14.3B
Tax Assets	$0
Other Non-Current Assets	$460M
TOTAL NON-CURRENT ASSETS	$16.2B
TOTAL ASSETS	$16.4B
Account Payables	$0
Short-Term Debt	$607M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$607M
Long-Term Debt	$376M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12.7B
TOTAL NON-CURRENT LIABILITIES	$13.1B
TOTAL LIABILITIES	$13.7B
Common Stock	$142M
Additional Paid-In Capital	$1.6B
Retained Earnings	$832M
Treasury Stock	-$26M
Accum. Other Comp. Income	$30M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$16.4B
Total Debt	$983M
Net Debt	$799M