BOH FY 2009 Earnings Report — Bank of Hawaii Corporation Revenue & Financial Results | Market Cap Arena

Bank of Hawaii CorporationBOH

FY 2009 Earnings

Reported February 22, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$766M	—	$814M	—	-5.9%
Op. Income	$222M	—	$270M	—	-17.6%
Gross Margin	74.7%	—	76.4%	—	-1.7pp
Net Margin	18.8%	—	23.6%	—	-4.8pp
EPS (Diluted)	$3.00	—	$3.99	—	-24.8%
Free Cash Flow	$280M	—	$159M	—	76.0%

Revenue Flow

Item	Amount
REVENUE	$766M
Cost of Revenue	$193M
GROSS PROFIT	$572M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$219M
SG&A Expenses	$219M
Other Expenses	$131M
Operating Expenses	$350M
Cost & Expenses	$543M
OPERATING INCOME	$222M
Interest Income	$498M
Interest Expense	$85M
Other Income/Expenses	$0
INCOME BEFORE TAX	$222M
Income Tax Expense	$78M
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$144M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$144M
D&A	$14M
EBIT	$222M
EBITDA	$236M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$766M
Cost of Revenue	$193M
GROSS PROFIT	$572M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$219M
SG&A Expenses	$219M
Other Expenses	$131M
Operating Expenses	$350M
Cost & Expenses	$543M
OPERATING INCOME	$222M
Interest Income	$498M
Interest Expense	$85M
Other Income/Expenses	$0
INCOME BEFORE TAX	$222M
Income Tax Expense	$78M
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$144M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$144M
D&A	$14M
EBIT	$222M
EBITDA	$236M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$144M
Depreciation & Amortization	$14M
Stock-Based Compensation	$4M
Deferred Income Tax	-$41M
Other Non-Cash Items	$204M
Change in Working Capital	-$35M
OPERATING CASH FLOW	$289M
Capital Expenditure	-$8M
Acquisitions (Net)	$7M
Purchases of Investments	-$5.6B
Sales/Maturities of Investments	$2.9B
Other Investing Activities	$689M
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$440M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$86M
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	$280M
Net Change in Cash	-$241M

Balance Sheet

Item	Amount
Cash & Equivalents	$346M
Short-Term Investments	$5.3B
Net Receivables	$444M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.2B
PP&E (Net)	$111M
Goodwill	$32M
Intangible Assets	$26M
Long-Term Investments	$5.5B
Tax Assets	$0
Other Non-Current Assets	$571M
TOTAL NON-CURRENT ASSETS	$6.2B
TOTAL ASSETS	$12.4B
Account Payables	$7M
Short-Term Debt	$1.7B
Deferred Revenue	$0
Other Current Liabilities	$9.4B
TOTAL CURRENT LIABILITIES	$11.1B
Long-Term Debt	$31M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$377M
TOTAL NON-CURRENT LIABILITIES	$418M
TOTAL LIABILITIES	$11.5B
Common Stock	$569.0K
Additional Paid-In Capital	$494M
Retained Earnings	$844M
Treasury Stock	-$449M
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$896M
Minority Interest	$0
TOTAL EQUITY	$896M
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$1.7B
Net Debt	$1.4B