BMO Q2 2018 Earnings Report — Bank of Montreal Revenue & Financial Results | Market Cap Arena

Bank of MontrealBMO

Q2 2018 Earnings

Reported May 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$5.7B	$5.5B	$5.1B	4.7%	11.2%
Op. Income	$1.1B	$1.3B	$1.1B	-10.0%	4.3%
Gross Margin	68.7%	73.0%	77.5%	-4.2pp	-8.8pp
Net Margin	15.9%	13.0%	17.7%	2.9pp	-1.8pp
EPS (Diluted)	$1.36	$1.05	$1.34	30.1%	1.1%
Free Cash Flow	-$787M	$5.9B	-$554M	-113.4%	-42.1%

Revenue Flow

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$1.8B
GROSS PROFIT	$3.9B
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	$4.6B
OPERATING INCOME	$1.1B
Interest Income	$3.6B
Interest Expense	$1.7B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$232M
Net Income from Continuing Ops	$911M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$911M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$877M
D&A	$208M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$1.8B
GROSS PROFIT	$3.9B
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	$4.6B
OPERATING INCOME	$1.1B
Interest Income	$3.6B
Interest Expense	$1.7B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$232M
Net Income from Continuing Ops	$911M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$911M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$877M
D&A	$208M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$911M
Depreciation & Amortization	$208M
Stock-Based Compensation	$0
Deferred Income Tax	$56M
Other Non-Cash Items	$89M
Change in Working Capital	-$1.9B
OPERATING CASH FLOW	-$649M
Capital Expenditure	-$138M
Acquisitions (Net)	$0
Purchases of Investments	-$9.8B
Sales/Maturities of Investments	$5.9B
Other Investing Activities	-$548M
NET CASH FROM INVESTING	-$4.5B
Net Debt Issuance	$1.3B
Common Stock Repurchased	-$357M
Common Dividends Paid	-$471M
Other Financing Activities	$11M
NET CASH FROM FINANCING	$508M
FREE CASH FLOW	-$787M
Net Change in Cash	-$3.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$31.8B
Short-Term Investments	$41.3B
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$74.7B
PP&E (Net)	$1.4B
Goodwill	$4.6B
Intangible Assets	$1.6B
Long-Term Investments	$304.3B
Tax Assets	$1.6B
Other Non-Current Assets	$155.2B
TOTAL NON-CURRENT ASSETS	$468.7B
TOTAL ASSETS	$543.4B
Account Payables	$0
Short-Term Debt	$57.6B
Deferred Revenue	$0
Other Current Liabilities	$377.5B
TOTAL CURRENT LIABILITIES	$435.1B
Long-Term Debt	$21.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$135M
Other Non-Current Liabilities	$54.8B
TOTAL NON-CURRENT LIABILITIES	$76.3B
TOTAL LIABILITIES	$511.4B
Common Stock	$9.4B
Additional Paid-In Capital	$222M
Retained Earnings	$17.6B
Treasury Stock	$0
Accum. Other Comp. Income	$1.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$32.0B
Minority Interest	$0
TOTAL EQUITY	$32.0B
TOTAL LIABILITIES & EQUITY	$543.4B
Total Debt	$78.9B
Net Debt	$47.1B