WSFS FY 2015 Earnings Report — WSFS Financial Corporation Revenue & Financial Results | Market Cap Arena

WSFS Financial CorporationWSFS

FY 2015 Earnings

Reported February 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$273M	—	$236M	—	15.6%
Op. Income	$84M	—	$73M	—	15.5%
Gross Margin	91.4%	—	91.8%	—	-0.4pp
Net Margin	19.6%	—	22.8%	—	-3.2pp
EPS (Diluted)	$1.80	—	$1.91	—	-5.8%
Free Cash Flow	$66M	—	$63M	—	4.3%

Revenue Flow

Item	Amount
REVENUE	$273M
Cost of Revenue	$24M
GROSS PROFIT	$249M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$87M
SG&A Expenses	$90M
Other Expenses	$76M
Operating Expenses	$165M
Cost & Expenses	$189M
OPERATING INCOME	$84M
Interest Income	$183M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$84M
Income Tax Expense	$30M
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	$8M
EBIT	$84M
EBITDA	$92M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$273M
Cost of Revenue	$24M
GROSS PROFIT	$249M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$87M
SG&A Expenses	$90M
Other Expenses	$76M
Operating Expenses	$165M
Cost & Expenses	$189M
OPERATING INCOME	$84M
Interest Income	$183M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$84M
Income Tax Expense	$30M
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	$8M
EBIT	$84M
EBITDA	$92M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$8M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	$9M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$74M
Capital Expenditure	-$8M
Acquisitions (Net)	$41M
Purchases of Investments	-$330M
Sales/Maturities of Investments	$299M
Other Investing Activities	-$278M
NET CASH FROM INVESTING	-$276M
Net Debt Issuance	$264M
Common Stock Repurchased	-$32M
Common Dividends Paid	-$6M
Other Financing Activities	$26M
NET CASH FROM FINANCING	$256M
FREE CASH FLOW	$66M
Net Change in Cash	$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$561M
Short-Term Investments	$721M
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$40M
Goodwill	$85M
Intangible Assets	$10M
Long-Term Investments	$4.0B
Tax Assets	$0
Other Non-Current Assets	$193M
TOTAL NON-CURRENT ASSETS	$4.3B
TOTAL ASSETS	$5.6B
Account Payables	$801.0K
Short-Term Debt	$128M
Deferred Revenue	$0
Other Current Liabilities	$4.0B
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$805M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$54M
TOTAL NON-CURRENT LIABILITIES	$859M
TOTAL LIABILITIES	$5.0B
Common Stock	$560.0K
Additional Paid-In Capital	$256M
Retained Earnings	$571M
Treasury Stock	-$248M
Accum. Other Comp. Income	$696.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$580M
Minority Interest	$0
TOTAL EQUITY	$580M
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$934M
Net Debt	$373M