BMO Q4 2016 Earnings Report — Bank of Montreal Revenue & Financial Results | Market Cap Arena

Bank of MontrealBMO

Q4 2016 Earnings

Reported December 6, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$4.7B	$5.0B	—	-5.6%	—
Op. Income	$1.2B	$1.2B	—	6.8%	—
Gross Margin	78.2%	78.5%	—	-0.3pp	—
Net Margin	21.0%	18.3%	—	2.6pp	—
EPS (Diluted)	$1.48	$1.36	—	8.6%	—
Free Cash Flow	-$7.3B	$497M	—	-1578.4%	—

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$3.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$1.0B
Operating Expenses	$2.4B
Cost & Expenses	$3.4B
OPERATING INCOME	$1.2B
Interest Income	$2.7B
Interest Expense	$895M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$261M
Net Income from Continuing Ops	$984M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$983M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$958M
D&A	$197M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$3.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$1.0B
Operating Expenses	$2.4B
Cost & Expenses	$3.4B
OPERATING INCOME	$1.2B
Interest Income	$2.7B
Interest Expense	$895M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$261M
Net Income from Continuing Ops	$984M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$983M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$958M
D&A	$197M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$983M
Depreciation & Amortization	$197M
Stock-Based Compensation	$0
Deferred Income Tax	$50M
Other Non-Cash Items	$102M
Change in Working Capital	-$8.6B
OPERATING CASH FLOW	-$7.3B
Capital Expenditure	-$50M
Acquisitions (Net)	-$50M
Purchases of Investments	-$9.6B
Sales/Maturities of Investments	$8.6B
Other Investing Activities	$1.6B
NET CASH FROM INVESTING	$379M
Net Debt Issuance	$1.8B
Common Stock Repurchased	$0
Common Dividends Paid	-$402M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	$1.9B
FREE CASH FLOW	-$7.3B
Net Change in Cash	-$4.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$26.4B
Short-Term Investments	$40.7B
Net Receivables	$7.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$74.4B
PP&E (Net)	$1.6B
Goodwill	$4.7B
Intangible Assets	$1.6B
Long-Term Investments	$298.9B
Tax Assets	$2.3B
Other Non-Current Assets	$119.8B
TOTAL NON-CURRENT ASSETS	$428.8B
TOTAL ASSETS	$503.2B
Account Payables	$8.1B
Short-Term Debt	$77.0B
Deferred Revenue	$0
Other Current Liabilities	$269.9B
TOTAL CURRENT LIABILITIES	$355.0B
Long-Term Debt	$67.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$177M
Other Non-Current Liabilities	$49.9B
TOTAL NON-CURRENT LIABILITIES	$117.2B
TOTAL LIABILITIES	$472.2B
Common Stock	$9.2B
Additional Paid-In Capital	$215M
Retained Earnings	$15.5B
Treasury Stock	$0
Accum. Other Comp. Income	$3.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$30.9B
Minority Interest	$18M
TOTAL EQUITY	$31.0B
TOTAL LIABILITIES & EQUITY	$503.2B
Total Debt	$144.1B
Net Debt	$117.6B