BOH FY 2013 Earnings Report — Bank of Hawaii Corporation Revenue & Financial Results | Market Cap Arena

Bank of Hawaii CorporationBOH

FY 2013 Earnings

Reported February 25, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$580M	—	$616M	—	-5.8%
Op. Income	$214M	—	$242M	—	-11.6%
Gross Margin	93.2%	—	92.8%	—	0.4pp
Net Margin	25.9%	—	27.0%	—	-1.0pp
EPS (Diluted)	$3.38	—	$3.67	—	-7.9%
Free Cash Flow	$226M	—	$207M	—	9.2%

Revenue Flow

Item	Amount
REVENUE	$580M
Cost of Revenue	$40M
GROSS PROFIT	$541M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$192M
SG&A Expenses	$197M
Other Expenses	$129M
Operating Expenses	$326M
Cost & Expenses	$366M
OPERATING INCOME	$214M
Interest Income	$399M
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$214M
Income Tax Expense	$64M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$12M
EBIT	$214M
EBITDA	$226M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$580M
Cost of Revenue	$40M
GROSS PROFIT	$541M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$192M
SG&A Expenses	$197M
Other Expenses	$129M
Operating Expenses	$326M
Cost & Expenses	$366M
OPERATING INCOME	$214M
Interest Income	$399M
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$214M
Income Tax Expense	$64M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$12M
EBIT	$214M
EBITDA	$226M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$151M
Depreciation & Amortization	$12M
Stock-Based Compensation	$6M
Deferred Income Tax	$503.0K
Other Non-Cash Items	$64M
Change in Working Capital	$9M
OPERATING CASH FLOW	$242M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	-$2.2B
Sales/Maturities of Investments	$2.0B
Other Investing Activities	-$257M
NET CASH FROM INVESTING	-$471M
Net Debt Issuance	$60M
Common Stock Repurchased	-$40M
Common Dividends Paid	-$81M
Other Financing Activities	$386M
NET CASH FROM FINANCING	$340M
FREE CASH FLOW	$226M
Net Change in Cash	$111M

Balance Sheet

Item	Amount
Cash & Equivalents	$198M
Short-Term Investments	$2.2B
Net Receivables	$315M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$109M
Goodwill	$32M
Intangible Assets	$28M
Long-Term Investments	$10.6B
Tax Assets	$0
Other Non-Current Assets	$560M
TOTAL NON-CURRENT ASSETS	$11.3B
TOTAL ASSETS	$14.1B
Account Payables	$5M
Short-Term Debt	$780M
Deferred Revenue	$0
Other Current Liabilities	$11.9B
TOTAL CURRENT LIABILITIES	$12.7B
Long-Term Debt	$166M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$198M
TOTAL NON-CURRENT LIABILITIES	$373M
TOTAL LIABILITIES	$13.1B
Common Stock	$572.0K
Additional Paid-In Capital	$523M
Retained Earnings	$1.2B
Treasury Stock	-$631M
Accum. Other Comp. Income	-$32M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$14.1B
Total Debt	$955M
Net Debt	$756M