WSFS FY 2017 Earnings Report — WSFS Financial Corporation Revenue & Financial Results | Market Cap Arena

WSFS Financial CorporationWSFS

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$378M	—	$322M	—	17.4%
Op. Income	$108M	—	$97M	—	11.7%
Gross Margin	88.2%	—	88.9%	—	-0.6pp
Net Margin	13.3%	—	19.9%	—	-6.6pp
EPS (Diluted)	$1.56	—	$2.06	—	-24.3%
Free Cash Flow	$122M	—	$70M	—	74.2%

Revenue Flow

Item	Amount
REVENUE	$378M
Cost of Revenue	$44M
GROSS PROFIT	$333M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$124M
SG&A Expenses	$127M
Other Expenses	$98M
Operating Expenses	$225M
Cost & Expenses	$269M
OPERATING INCOME	$108M
Interest Income	$255M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$108M
Income Tax Expense	$58M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$12M
EBIT	$108M
EBITDA	$120M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$378M
Cost of Revenue	$44M
GROSS PROFIT	$333M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$124M
SG&A Expenses	$127M
Other Expenses	$98M
Operating Expenses	$225M
Cost & Expenses	$269M
OPERATING INCOME	$108M
Interest Income	$255M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$108M
Income Tax Expense	$58M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$12M
EBIT	$108M
EBITDA	$120M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$50M
Depreciation & Amortization	$12M
Stock-Based Compensation	$3M
Deferred Income Tax	$18M
Other Non-Cash Items	$50M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$130M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$707M
Sales/Maturities of Investments	$656M
Other Investing Activities	-$330M
NET CASH FROM INVESTING	-$389M
Net Debt Issuance	-$200M
Common Stock Repurchased	-$12M
Common Dividends Paid	-$9M
Other Financing Activities	$381M
NET CASH FROM FINANCING	$161M
FREE CASH FLOW	$122M
Net Change in Cash	-$98M

Balance Sheet

Item	Amount
Cash & Equivalents	$720M
Short-Term Investments	$838M
Net Receivables	$19M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$48M
Goodwill	$166M
Intangible Assets	$22M
Long-Term Investments	$5.0B
Tax Assets	$0
Other Non-Current Assets	$196M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$7.0B
Account Payables	$1M
Short-Term Debt	$28M
Deferred Revenue	$0
Other Current Liabilities	$5.2B
TOTAL CURRENT LIABILITIES	$5.3B
Long-Term Debt	$910M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$89M
TOTAL NON-CURRENT LIABILITIES	$999M
TOTAL LIABILITIES	$6.3B
Common Stock	$563.0K
Additional Paid-In Capital	$336M
Retained Earnings	$670M
Treasury Stock	-$274M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$724M
Minority Interest	$0
TOTAL EQUITY	$724M
TOTAL LIABILITIES & EQUITY	$7.0B
Total Debt	$938M
Net Debt	$214M