BMO Q2 2021 Earnings Report — Bank of Montreal Revenue & Financial Results | Market Cap Arena

Bank of MontrealBMO

Q2 2021 Earnings

Reported May 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$5.4B	$6.1B	$5.9B	-11.6%	-7.8%
Op. Income	$1.4B	$1.9B	$604M	-27.4%	128.5%
Gross Margin	79.7%	80.5%	53.4%	-0.7pp	26.3pp
Net Margin	17.5%	24.0%	8.5%	-6.5pp	9.0pp
EPS (Diluted)	$1.40	$2.21	$0.73	-37.0%	91.0%
Free Cash Flow	$17.6B	$14.3B	$24.2B	22.7%	-27.3%

Revenue Flow

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$71M
General & Administrative	$1.3B
SG&A Expenses	$1.4B
Other Expenses	$1.6B
Operating Expenses	$3.0B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.4B
Interest Income	$3.6B
Interest Expense	$1.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$429M
Net Income from Continuing Ops	$952M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$952M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$903M
D&A	$286M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$71M
General & Administrative	$1.3B
SG&A Expenses	$1.4B
Other Expenses	$1.6B
Operating Expenses	$3.0B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.4B
Interest Income	$3.6B
Interest Expense	$1.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$429M
Net Income from Continuing Ops	$952M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$952M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$903M
D&A	$286M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$952M
Depreciation & Amortization	$286M
Stock-Based Compensation	$0
Deferred Income Tax	$12M
Other Non-Cash Items	$509M
Change in Working Capital	$16.0B
OPERATING CASH FLOW	$17.7B
Capital Expenditure	-$153M
Acquisitions (Net)	$0
Purchases of Investments	-$8.0B
Sales/Maturities of Investments	$13.2B
Other Investing Activities	-$749M
NET CASH FROM INVESTING	$4.4B
Net Debt Issuance	-$1.7B
Common Stock Repurchased	$0
Common Dividends Paid	-$542M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$2.2B
FREE CASH FLOW	$17.6B
Net Change in Cash	$18.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$78.6B
Short-Term Investments	$44.7B
Net Receivables	$834M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$124.1B
PP&E (Net)	$3.1B
Goodwill	$3.9B
Intangible Assets	$1.7B
Long-Term Investments	$397.4B
Tax Assets	$946M
Other Non-Current Assets	$162.8B
TOTAL NON-CURRENT ASSETS	$570.0B
TOTAL ASSETS	$694.1B
Account Payables	$0
Short-Term Debt	$124.2B
Deferred Revenue	$0
Other Current Liabilities	$398.7B
TOTAL CURRENT LIABILITIES	$522.9B
Long-Term Debt	$69.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$119M
Other Non-Current Liabilities	$61.3B
TOTAL NON-CURRENT LIABILITIES	$130.6B
TOTAL LIABILITIES	$653.6B
Common Stock	$9.9B
Additional Paid-In Capital	$229M
Retained Earnings	$23.8B
Treasury Stock	-$34M
Accum. Other Comp. Income	$2.4B
Other Equity	$1.4B
TOTAL STOCKHOLDERS' EQUITY	$40.6B
Minority Interest	$0
TOTAL EQUITY	$40.6B
TOTAL LIABILITIES & EQUITY	$694.1B
Total Debt	$193.4B
Net Debt	$114.8B