BMO FY 2007 Earnings Report — Bank of Montreal Revenue & Financial Results | Market Cap Arena

Bank of MontrealBMO

FY 2007 Earnings

Reported December 12, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$14.9B	—	$13.3B	—	12.1%
Op. Income	$1.8B	—	$2.5B	—	-30.7%
Gross Margin	44.2%	—	54.0%	—	-9.8pp
Net Margin	10.5%	—	14.7%	—	-4.2pp
EPS (Diluted)	$3.01	—	$3.77	—	-20.2%
Free Cash Flow	-$16.1B	—	-$1.1B	—	-1403.2%

Revenue Flow

Item	Amount
REVENUE	$14.9B
Cost of Revenue	$8.3B
GROSS PROFIT	$6.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.8B
SG&A Expenses	$2.8B
Other Expenses	$2.0B
Operating Expenses	$4.8B
Cost & Expenses	$13.1B
OPERATING INCOME	$1.8B
Interest Income	$11.6B
Interest Expense	$8.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$138M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$319M
EBIT	$1.8B
EBITDA	$2.1B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$14.9B
Cost of Revenue	$8.3B
GROSS PROFIT	$6.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.8B
SG&A Expenses	$2.8B
Other Expenses	$2.0B
Operating Expenses	$4.8B
Cost & Expenses	$13.1B
OPERATING INCOME	$1.8B
Interest Income	$11.6B
Interest Expense	$8.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$138M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$319M
EBIT	$1.8B
EBITDA	$2.1B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$319M
Stock-Based Compensation	$0
Deferred Income Tax	-$129M
Other Non-Cash Items	$54M
Change in Working Capital	-$17.6B
OPERATING CASH FLOW	-$15.8B
Capital Expenditure	-$296M
Acquisitions (Net)	-$220M
Purchases of Investments	-$30.0B
Sales/Maturities of Investments	$26.7B
Other Investing Activities	-$21.5B
NET CASH FROM INVESTING	-$25.2B
Net Debt Issuance	$524M
Common Stock Repurchased	-$530M
Common Dividends Paid	-$938M
Other Financing Activities	$42.6B
NET CASH FROM FINANCING	$42.2B
FREE CASH FLOW	-$16.1B
Net Change in Cash	$872M

Balance Sheet

Item	Amount
Cash & Equivalents	$16.7B
Short-Term Investments	$19.0B
Net Receivables	$5.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$41.1B
PP&E (Net)	$1.4B
Goodwill	$834M
Intangible Assets	$91M
Long-Term Investments	$164.1B
Tax Assets	$0
Other Non-Current Assets	$60.5B
TOTAL NON-CURRENT ASSETS	$227.0B
TOTAL ASSETS	$268.1B
Account Payables	$1.4B
Short-Term Debt	$41.2B
Deferred Revenue	$0
Other Current Liabilities	$188.1B
TOTAL CURRENT LIABILITIES	$230.6B
Long-Term Debt	$3.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$22.0B
TOTAL NON-CURRENT LIABILITIES	$25.3B
TOTAL LIABILITIES	$255.9B
Common Stock	$3.2B
Additional Paid-In Capital	$4.1B
Retained Earnings	$8.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.1B
Other Equity	-$4.1B
TOTAL STOCKHOLDERS' EQUITY	$11.2B
Minority Interest	$972M
TOTAL EQUITY	$12.2B
TOTAL LIABILITIES & EQUITY	$268.1B
Total Debt	$44.5B
Net Debt	$27.8B