WSFS FY 2016 Earnings Report — WSFS Financial Corporation Revenue & Financial Results | Market Cap Arena

WSFS Financial CorporationWSFS

FY 2016 Earnings

Reported March 1, 2017

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	$322M	—	$273M	—	17.9%
Op. Income	$97M	—	$84M	—	15.9%
Gross Margin	88.9%	—	91.4%	—	-2.5pp
Net Margin	19.9%	—	19.6%	—	0.3pp
EPS (Diluted)	$2.06	—	$1.80	—	14.4%
Free Cash Flow	$70M	—	$66M	—	6.8%

Revenue Flow

Item	Amount
REVENUE	$322M
Cost of Revenue	$36M
GROSS PROFIT	$286M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$99M
SG&A Expenses	$102M
Other Expenses	$87M
Operating Expenses	$189M
Cost & Expenses	$224M
OPERATING INCOME	$97M
Interest Income	$217M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$97M
Income Tax Expense	$33M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$10M
EBIT	$97M
EBITDA	$107M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$322M
Cost of Revenue	$36M
GROSS PROFIT	$286M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$99M
SG&A Expenses	$102M
Other Expenses	$87M
Operating Expenses	$189M
Cost & Expenses	$224M
OPERATING INCOME	$97M
Interest Income	$217M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$97M
Income Tax Expense	$33M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$10M
EBIT	$97M
EBITDA	$107M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$10M
Stock-Based Compensation	$3M
Deferred Income Tax	$5M
Other Non-Cash Items	$3M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$80M
Capital Expenditure	-$10M
Acquisitions (Net)	$40M
Purchases of Investments	-$375M
Sales/Maturities of Investments	$290M
Other Investing Activities	-$221M
NET CASH FROM INVESTING	-$277M
Net Debt Issuance	$272M
Common Stock Repurchased	-$14M
Common Dividends Paid	-$8M
Other Financing Activities	$207M
NET CASH FROM FINANCING	$457M
FREE CASH FLOW	$70M
Net Change in Cash	$261M

Balance Sheet

Item	Amount
Cash & Equivalents	$818M
Short-Term Investments	$795M
Net Receivables	$17M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$49M
Goodwill	$168M
Intangible Assets	$24M
Long-Term Investments	$4.7B
Tax Assets	$0
Other Non-Current Assets	$228M
TOTAL NON-CURRENT ASSETS	$5.1B
TOTAL ASSETS	$6.8B
Account Payables	$1M
Short-Term Debt	$130M
Deferred Revenue	$0
Other Current Liabilities	$4.7B
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$71M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$6.1B
Common Stock	$580.0K
Additional Paid-In Capital	$329M
Retained Earnings	$627M
Treasury Stock	-$262M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$687M
Minority Interest	$0
TOTAL EQUITY	$687M
TOTAL LIABILITIES & EQUITY	$6.8B
Total Debt	$1.3B
Net Debt	$449M