WSFS FY 2014 Earnings Report — WSFS Financial Corporation Revenue & Financial Results | Market Cap Arena

WSFS Financial CorporationWSFS

FY 2014 Earnings

Reported March 16, 2015

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	$236M	—	$227M	—	4.0%
Op. Income	$73M	—	$73M	—	-0.3%
Gross Margin	91.8%	—	90.1%	—	1.7pp
Net Margin	22.8%	—	20.6%	—	2.1pp
EPS (Diluted)	$1.91	—	$1.69	—	13.0%
Free Cash Flow	$63M	—	$55M	—	15.8%

Revenue Flow

Item	Amount
REVENUE	$236M
Cost of Revenue	$19M
GROSS PROFIT	$217M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$85M
SG&A Expenses	$88M
Other Expenses	$57M
Operating Expenses	$144M
Cost & Expenses	$164M
OPERATING INCOME	$73M
Interest Income	$160M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$19M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$7M
EBIT	$73M
EBITDA	$80M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$236M
Cost of Revenue	$19M
GROSS PROFIT	$217M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$85M
SG&A Expenses	$88M
Other Expenses	$57M
Operating Expenses	$144M
Cost & Expenses	$164M
OPERATING INCOME	$73M
Interest Income	$160M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$19M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$7M
EBIT	$73M
EBITDA	$80M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$7M
Stock-Based Compensation	$5M
Deferred Income Tax	-$6M
Other Non-Cash Items	$15M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$68M
Capital Expenditure	-$5M
Acquisitions (Net)	$9M
Purchases of Investments	-$288M
Sales/Maturities of Investments	$313M
Other Investing Activities	-$55M
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	-$260M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$5M
Other Financing Activities	$246M
NET CASH FROM FINANCING	-$18M
FREE CASH FLOW	$63M
Net Change in Cash	$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$508M
Short-Term Investments	$740M
Net Receivables	$12M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$35M
Goodwill	$49M
Intangible Assets	$9M
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	$160M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$4.9B
Account Payables	$1M
Short-Term Debt	$128M
Deferred Revenue	$0
Other Current Liabilities	$3.6B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$540M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$46M
TOTAL NON-CURRENT LIABILITIES	$586M
TOTAL LIABILITIES	$4.4B
Common Stock	$557.0K
Additional Paid-In Capital	$202M
Retained Earnings	$523M
Treasury Stock	-$239M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$489M
Minority Interest	$0
TOTAL EQUITY	$489M
TOTAL LIABILITIES & EQUITY	$4.9B
Total Debt	$668M
Net Debt	$160M