BMO FY 2017 Earnings Report — Bank of Montreal Revenue & Financial Results | Market Cap Arena

Bank of MontrealBMO

FY 2017 Earnings

Reported December 5, 2017

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	$20.4B	—	$18.6B	—	9.4%
Op. Income	$4.8B	—	$4.2B	—	15.7%
Gross Margin	75.3%	—	79.2%	—	-3.9pp
Net Margin	19.2%	—	18.2%	—	1.0pp
EPS (Diluted)	$5.79	—	$5.06	—	14.5%
Free Cash Flow	$1.5B	—	-$2.4B	—	163.4%

Revenue Flow

Item	Amount
REVENUE	$20.4B
Cost of Revenue	$5.0B
GROSS PROFIT	$15.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6.6B
SG&A Expenses	$6.6B
Other Expenses	$3.9B
Operating Expenses	$10.5B
Cost & Expenses	$15.5B
OPERATING INCOME	$4.8B
Interest Income	$12.7B
Interest Expense	$4.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.8B
Income Tax Expense	$944M
Net Income from Continuing Ops	$3.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.8B
D&A	$806M
EBIT	$4.8B
EBITDA	$5.7B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$20.4B
Cost of Revenue	$5.0B
GROSS PROFIT	$15.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6.6B
SG&A Expenses	$6.6B
Other Expenses	$3.9B
Operating Expenses	$10.5B
Cost & Expenses	$15.5B
OPERATING INCOME	$4.8B
Interest Income	$12.7B
Interest Expense	$4.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.8B
Income Tax Expense	$944M
Net Income from Continuing Ops	$3.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.8B
D&A	$806M
EBIT	$4.8B
EBITDA	$5.7B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$3.9B
Depreciation & Amortization	$806M
Stock-Based Compensation	$0
Deferred Income Tax	$114M
Other Non-Cash Items	$420M
Change in Working Capital	-$3.1B
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$578M
Acquisitions (Net)	-$18M
Purchases of Investments	-$22.2B
Sales/Maturities of Investments	$22.2B
Other Investing Activities	-$2.0B
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	$2.9B
Common Stock Repurchased	-$687M
Common Dividends Paid	-$1.5B
Other Financing Activities	-$70M
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	$1.5B
Net Change in Cash	$691M

Balance Sheet

Item	Amount
Cash & Equivalents	$28.6B
Short-Term Investments	$39.5B
Net Receivables	$6.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$74.7B
PP&E (Net)	$2.2B
Goodwill	$4.6B
Intangible Assets	$1.6B
Long-Term Investments	$291.2B
Tax Assets	$2.1B
Other Non-Current Assets	$142.2B
TOTAL NON-CURRENT ASSETS	$443.8B
TOTAL ASSETS	$518.5B
Account Payables	$8.1B
Short-Term Debt	$89.4B
Deferred Revenue	$0
Other Current Liabilities	$265.6B
TOTAL CURRENT LIABILITIES	$363.1B
Long-Term Debt	$74.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$170M
Other Non-Current Liabilities	$48.0B
TOTAL NON-CURRENT LIABILITIES	$123.0B
TOTAL LIABILITIES	$486.1B
Common Stock	$9.5B
Additional Paid-In Capital	$224M
Retained Earnings	$17.3B
Treasury Stock	-$74M
Accum. Other Comp. Income	$2.2B
Other Equity	$74M
TOTAL STOCKHOLDERS' EQUITY	$32.4B
Minority Interest	$0
TOTAL EQUITY	$32.4B
TOTAL LIABILITIES & EQUITY	$518.5B
Total Debt	$164.2B
Net Debt	$135.6B