BMO Q2 2016 Earnings Report — Bank of Montreal Revenue & Financial Results | Market Cap Arena

Bank of MontrealBMO

Q2 2016 Earnings

Reported May 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$4.6B	—	—	—	—
Op. Income	$863M	—	—	—	—
Gross Margin	78.8%	—	—	—	—
Net Margin	15.5%	—	—	—	—
EPS (Diluted)	$1.06	—	—	—	—
Free Cash Flow	-$2.3B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$973M
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	$1.1B
Operating Expenses	$2.8B
Cost & Expenses	$3.7B
OPERATING INCOME	$863M
Interest Income	$2.6B
Interest Expense	$827M
Other Income/Expenses	$0
INCOME BEFORE TAX	$863M
Income Tax Expense	$152M
Net Income from Continuing Ops	$711M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$711M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$685M
D&A	$193M
EBIT	$863M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$973M
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	$1.1B
Operating Expenses	$2.8B
Cost & Expenses	$3.7B
OPERATING INCOME	$863M
Interest Income	$2.6B
Interest Expense	$827M
Other Income/Expenses	$0
INCOME BEFORE TAX	$863M
Income Tax Expense	$152M
Net Income from Continuing Ops	$711M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$711M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$685M
D&A	$193M
EBIT	$863M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$711M
Depreciation & Amortization	$193M
Stock-Based Compensation	$0
Deferred Income Tax	-$15M
Other Non-Cash Items	$143M
Change in Working Capital	-$3.2B
OPERATING CASH FLOW	-$2.2B
Capital Expenditure	-$145M
Acquisitions (Net)	$0
Purchases of Investments	-$4.3B
Sales/Maturities of Investments	$4.2B
Other Investing Activities	-$433M
NET CASH FROM INVESTING	-$608M
Net Debt Issuance	$1.1B
Common Stock Repurchased	$0
Common Dividends Paid	-$424M
Other Financing Activities	$2.3B
NET CASH FROM FINANCING	$2.9B
FREE CASH FLOW	-$2.3B
Net Change in Cash	-$2.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$31.8B
Short-Term Investments	$15.3B
Net Receivables	$538M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$47.7B
PP&E (Net)	$1.6B
Goodwill	$4.5B
Intangible Assets	$1.6B
Long-Term Investments	$317.1B
Tax Assets	$2.3B
Other Non-Current Assets	$123.2B
TOTAL NON-CURRENT ASSETS	$450.3B
TOTAL ASSETS	$498.0B
Account Payables	$0
Short-Term Debt	$43.3B
Deferred Revenue	$0
Other Current Liabilities	$344.8B
TOTAL CURRENT LIABILITIES	$388.1B
Long-Term Debt	$3.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$185M
Other Non-Current Liabilities	$77.8B
TOTAL NON-CURRENT LIABILITIES	$81.4B
TOTAL LIABILITIES	$469.5B
Common Stock	$9.0B
Additional Paid-In Capital	$218M
Retained Earnings	$14.5B
Treasury Stock	$0
Accum. Other Comp. Income	$2.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$28.5B
Minority Interest	$23M
TOTAL EQUITY	$28.5B
TOTAL LIABILITIES & EQUITY	$498.0B
Total Debt	$46.7B
Net Debt	$14.9B