BMO Q3 2018 Earnings Report — Bank of Montreal Revenue & Financial Results | Market Cap Arena

Bank of MontrealBMO

Q3 2018 Earnings

Reported August 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$6.1B	$5.7B	$5.0B	6.3%	21.1%
Op. Income	$1.4B	$1.1B	$1.3B	26.7%	10.4%
Gross Margin	66.9%	68.7%	76.8%	-1.9pp	-9.9pp
Net Margin	18.5%	15.9%	20.2%	2.6pp	-1.7pp
EPS (Diluted)	$1.69	$1.36	$1.50	24.2%	12.7%
Free Cash Flow	$4.6B	-$787M	-$319M	690.3%	1558.0%

Revenue Flow

Item	Amount
REVENUE	$6.1B
Cost of Revenue	$2.0B
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$1.1B
Operating Expenses	$2.6B
Cost & Expenses	$4.6B
OPERATING INCOME	$1.4B
Interest Income	$4.0B
Interest Expense	$1.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$324M
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	$205M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.1B
Cost of Revenue	$2.0B
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$1.1B
Operating Expenses	$2.6B
Cost & Expenses	$4.6B
OPERATING INCOME	$1.4B
Interest Income	$4.0B
Interest Expense	$1.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$324M
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	$205M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$205M
Stock-Based Compensation	$0
Deferred Income Tax	$79M
Other Non-Cash Items	$99M
Change in Working Capital	$3.3B
OPERATING CASH FLOW	$4.8B
Capital Expenditure	-$144M
Acquisitions (Net)	$0
Purchases of Investments	-$6.8B
Sales/Maturities of Investments	$5.5B
Other Investing Activities	-$69M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$0
Common Stock Repurchased	-$75M
Common Dividends Paid	-$469M
Other Financing Activities	$946M
NET CASH FROM FINANCING	$414M
FREE CASH FLOW	$4.6B
Net Change in Cash	$3.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$35.6B
Short-Term Investments	$43.4B
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$80.2B
PP&E (Net)	$1.4B
Goodwill	$4.6B
Intangible Assets	$1.6B
Long-Term Investments	$307.7B
Tax Assets	$1.5B
Other Non-Current Assets	$162.4B
TOTAL NON-CURRENT ASSETS	$479.1B
TOTAL ASSETS	$559.3B
Account Payables	$0
Short-Term Debt	$61.0B
Deferred Revenue	$0
Other Current Liabilities	$388.3B
TOTAL CURRENT LIABILITIES	$449.3B
Long-Term Debt	$21.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$48M
Other Non-Current Liabilities	$55.9B
TOTAL NON-CURRENT LIABILITIES	$77.3B
TOTAL LIABILITIES	$526.6B
Common Stock	$9.4B
Additional Paid-In Capital	$221M
Retained Earnings	$18.2B
Treasury Stock	$0
Accum. Other Comp. Income	$1.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$32.7B
Minority Interest	$0
TOTAL EQUITY	$32.7B
TOTAL LIABILITIES & EQUITY	$559.3B
Total Debt	$82.3B
Net Debt	$46.7B