BMO Q1 2017 Earnings Report — Bank of Montreal Revenue & Financial Results | Market Cap Arena

Bank of MontrealBMO

Q1 2017 Earnings

Reported February 13, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$4.7B	$4.7B	—	0.2%	—
Op. Income	$1.4B	$1.2B	—	8.6%	—
Gross Margin	77.8%	78.2%	—	-0.4pp	—
Net Margin	23.2%	21.0%	—	2.2pp	—
EPS (Diluted)	$1.62	$1.48	—	9.9%	—
Free Cash Flow	$5.7B	-$7.3B	—	177.8%	—

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$3.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$847M
Operating Expenses	$2.3B
Cost & Expenses	$3.3B
OPERATING INCOME	$1.4B
Interest Income	$2.8B
Interest Expense	$922M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$264M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$199M
EBIT	$1.4B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$3.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$847M
Operating Expenses	$2.3B
Cost & Expenses	$3.3B
OPERATING INCOME	$1.4B
Interest Income	$2.8B
Interest Expense	$922M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$264M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$199M
EBIT	$1.4B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$199M
Stock-Based Compensation	$0
Deferred Income Tax	$76M
Other Non-Cash Items	$99M
Change in Working Capital	$4.4B
OPERATING CASH FLOW	$5.8B
Capital Expenditure	-$106M
Acquisitions (Net)	$0
Purchases of Investments	-$8.2B
Sales/Maturities of Investments	$7.6B
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	-$238M
Common Stock Repurchased	$0
Common Dividends Paid	-$296M
Other Financing Activities	-$1.0B
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$5.7B
Net Change in Cash	$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$29.2B
Short-Term Investments	$11.7B
Net Receivables	$971M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$41.9B
PP&E (Net)	$1.5B
Goodwill	$4.6B
Intangible Assets	$1.6B
Long-Term Investments	$322.6B
Tax Assets	$2.1B
Other Non-Current Assets	$131.7B
TOTAL NON-CURRENT ASSETS	$464.1B
TOTAL ASSETS	$506.0B
Account Payables	$0
Short-Term Debt	$39.1B
Deferred Revenue	$0
Other Current Liabilities	$364.6B
TOTAL CURRENT LIABILITIES	$403.7B
Long-Term Debt	$19.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$178M
Other Non-Current Liabilities	$51.9B
TOTAL NON-CURRENT LIABILITIES	$71.2B
TOTAL LIABILITIES	$474.9B
Common Stock	$9.3B
Additional Paid-In Capital	$221M
Retained Earnings	$16.1B
Treasury Stock	$0
Accum. Other Comp. Income	$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$31.0B
Minority Interest	$18M
TOTAL EQUITY	$31.0B
TOTAL LIABILITIES & EQUITY	$506.0B
Total Debt	$58.2B
Net Debt	$29.0B