BMO Q3 2016 Earnings Report — Bank of Montreal Revenue & Financial Results | Market Cap Arena

Bank of MontrealBMO

Q3 2016 Earnings

Reported August 23, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$5.0B	$4.6B	—	7.8%	—
Op. Income	$1.2B	$863M	—	34.9%	—
Gross Margin	78.5%	78.8%	—	-0.4pp	—
Net Margin	18.3%	15.5%	—	2.9pp	—
EPS (Diluted)	$1.36	$1.06	—	28.3%	—
Free Cash Flow	$496M	-$2.3B	—	121.5%	—

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$1.1B
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$932M
Operating Expenses	$2.7B
Cost & Expenses	$3.8B
OPERATING INCOME	$1.2B
Interest Income	$2.7B
Interest Expense	$881M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$254M
Net Income from Continuing Ops	$910M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$910M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$881M
D&A	$195M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$1.1B
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$932M
Operating Expenses	$2.7B
Cost & Expenses	$3.8B
OPERATING INCOME	$1.2B
Interest Income	$2.7B
Interest Expense	$881M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$254M
Net Income from Continuing Ops	$910M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$910M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$881M
D&A	$195M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$910M
Depreciation & Amortization	$195M
Stock-Based Compensation	$0
Deferred Income Tax	$62M
Other Non-Cash Items	$183M
Change in Working Capital	-$719M
OPERATING CASH FLOW	$631M
Capital Expenditure	-$135M
Acquisitions (Net)	$0
Purchases of Investments	-$6.0B
Sales/Maturities of Investments	$4.3B
Other Investing Activities	$707M
NET CASH FROM INVESTING	-$970M
Net Debt Issuance	$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	-$390M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$867M
FREE CASH FLOW	$496M
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$32.3B
Short-Term Investments	$12.0B
Net Receivables	$371M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$44.7B
PP&E (Net)	$1.6B
Goodwill	$4.6B
Intangible Assets	$1.6B
Long-Term Investments	$328.1B
Tax Assets	$2.3B
Other Non-Current Assets	$122.6B
TOTAL NON-CURRENT ASSETS	$460.8B
TOTAL ASSETS	$505.5B
Account Payables	$0
Short-Term Debt	$36.8B
Deferred Revenue	$0
Other Current Liabilities	$361.7B
TOTAL CURRENT LIABILITIES	$398.5B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$184M
Other Non-Current Liabilities	$73.8B
TOTAL NON-CURRENT LIABILITIES	$77.2B
TOTAL LIABILITIES	$475.7B
Common Stock	$9.1B
Additional Paid-In Capital	$215M
Retained Earnings	$14.9B
Treasury Stock	$0
Accum. Other Comp. Income	$3.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$29.7B
Minority Interest	$20M
TOTAL EQUITY	$29.7B
TOTAL LIABILITIES & EQUITY	$505.5B
Total Debt	$40.1B
Net Debt	$7.7B