BMO FY 2018 Earnings Report — Bank of Montreal Revenue & Financial Results | Market Cap Arena

Bank of MontrealBMO

FY 2018 Earnings

Reported December 4, 2018

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	$23.6B	—	$20.4B	—	16.1%
Op. Income	$5.4B	—	$4.8B	—	11.8%
Gross Margin	68.3%	—	75.3%	—	-7.0pp
Net Margin	16.9%	—	19.2%	—	-2.3pp
EPS (Diluted)	$5.97	—	$5.79	—	3.2%
Free Cash Flow	$12.4B	—	$1.5B	—	704.3%

Revenue Flow

Item	Amount
REVENUE	$23.6B
Cost of Revenue	$7.5B
GROSS PROFIT	$16.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6.4B
SG&A Expenses	$6.4B
Other Expenses	$4.3B
Operating Expenses	$10.7B
Cost & Expenses	$18.2B
OPERATING INCOME	$5.4B
Interest Income	$15.4B
Interest Expense	$7.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$5.4B
Income Tax Expense	$1.4B
Net Income from Continuing Ops	$4.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.9B
D&A	$824M
EBIT	$5.4B
EBITDA	$6.2B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$23.6B
Cost of Revenue	$7.5B
GROSS PROFIT	$16.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6.4B
SG&A Expenses	$6.4B
Other Expenses	$4.3B
Operating Expenses	$10.7B
Cost & Expenses	$18.2B
OPERATING INCOME	$5.4B
Interest Income	$15.4B
Interest Expense	$7.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$5.4B
Income Tax Expense	$1.4B
Net Income from Continuing Ops	$4.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.9B
D&A	$824M
EBIT	$5.4B
EBITDA	$6.2B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$4.0B
Depreciation & Amortization	$824M
Stock-Based Compensation	$0
Deferred Income Tax	$608M
Other Non-Cash Items	$309M
Change in Working Capital	$7.4B
OPERATING CASH FLOW	$13.1B
Capital Expenditure	-$647M
Acquisitions (Net)	-$267M
Purchases of Investments	-$34.2B
Sales/Maturities of Investments	$28.0B
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$8.3B
Net Debt Issuance	$2.9B
Common Stock Repurchased	-$943M
Common Dividends Paid	-$1.9B
Other Financing Activities	$1.6B
NET CASH FROM FINANCING	$2.0B
FREE CASH FLOW	$12.4B
Net Change in Cash	$7.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$36.9B
Short-Term Investments	$45.6B
Net Receivables	$4.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$86.9B
PP&E (Net)	$2.1B
Goodwill	$4.7B
Intangible Assets	$1.7B
Long-Term Investments	$312.9B
Tax Assets	$1.5B
Other Non-Current Assets	$155.4B
TOTAL NON-CURRENT ASSETS	$478.2B
TOTAL ASSETS	$565.1B
Account Payables	$8.4B
Short-Term Debt	$101.7B
Deferred Revenue	$0
Other Current Liabilities	$305.3B
TOTAL CURRENT LIABILITIES	$415.4B
Long-Term Debt	$66.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$54M
Other Non-Current Liabilities	$49.6B
TOTAL NON-CURRENT LIABILITIES	$116.3B
TOTAL LIABILITIES	$531.7B
Common Stock	$9.6B
Additional Paid-In Capital	$219M
Retained Earnings	$18.9B
Treasury Stock	-$148M
Accum. Other Comp. Income	$1.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$33.4B
Minority Interest	$0
TOTAL EQUITY	$33.4B
TOTAL LIABILITIES & EQUITY	$565.1B
Total Debt	$168.4B
Net Debt	$131.6B