WSFS FY 2018 Earnings Report — WSFS Financial Corporation Revenue & Financial Results | Market Cap Arena

WSFS Financial CorporationWSFS

FY 2018 Earnings

Reported February 28, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$454M	—	$378M	—	20.3%
Op. Income	$171M	—	$108M	—	57.4%
Gross Margin	86.9%	—	88.2%	—	-1.4pp
Net Margin	29.7%	—	13.3%	—	16.4pp
EPS (Diluted)	$4.19	—	$1.56	—	168.6%
Free Cash Flow	$130M	—	$122M	—	6.2%

Revenue Flow

Item	Amount
REVENUE	$454M
Cost of Revenue	$60M
GROSS PROFIT	$394M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$133M
SG&A Expenses	$137M
Other Expenses	$86M
Operating Expenses	$224M
Cost & Expenses	$283M
OPERATING INCOME	$171M
Interest Income	$293M
Interest Expense	$46M
Other Income/Expenses	$0
INCOME BEFORE TAX	$171M
Income Tax Expense	$36M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$135M
D&A	$11M
EBIT	$171M
EBITDA	$182M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$454M
Cost of Revenue	$60M
GROSS PROFIT	$394M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$133M
SG&A Expenses	$137M
Other Expenses	$86M
Operating Expenses	$224M
Cost & Expenses	$283M
OPERATING INCOME	$171M
Interest Income	$293M
Interest Expense	$46M
Other Income/Expenses	$0
INCOME BEFORE TAX	$171M
Income Tax Expense	$36M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$135M
D&A	$11M
EBIT	$171M
EBITDA	$182M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$135M
Depreciation & Amortization	$11M
Stock-Based Compensation	$2M
Deferred Income Tax	$3M
Other Non-Cash Items	-$1M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$136M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$500M
Sales/Maturities of Investments	$135M
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$360M
Net Debt Issuance	-$382M
Common Stock Repurchased	-$31M
Common Dividends Paid	-$13M
Other Financing Activities	$536M
NET CASH FROM FINANCING	$121M
FREE CASH FLOW	$130M
Net Change in Cash	-$103M

Balance Sheet

Item	Amount
Cash & Equivalents	$620M
Short-Term Investments	$1.2B
Net Receivables	$22M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$45M
Goodwill	$166M
Intangible Assets	$20M
Long-Term Investments	$5.1B
Tax Assets	$0
Other Non-Current Assets	$94M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$7.2B
Account Payables	$2M
Short-Term Debt	$158M
Deferred Revenue	$0
Other Current Liabilities	$5.6B
TOTAL CURRENT LIABILITIES	$5.8B
Long-Term Debt	$542M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$86M
TOTAL NON-CURRENT LIABILITIES	$628M
TOTAL LIABILITIES	$6.4B
Common Stock	$569.0K
Additional Paid-In Capital	$350M
Retained Earnings	$791M
Treasury Stock	-$305M
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$821M
Minority Interest	$0
TOTAL EQUITY	$821M
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$700M
Net Debt	$79M