BOH FY 2014 Earnings Report — Bank of Hawaii Corporation Revenue & Financial Results | Market Cap Arena

Bank of Hawaii CorporationBOH

FY 2014 Earnings

Reported February 24, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$593M	—	$580M	—	2.3%
Op. Income	$238M	—	$214M	—	11.0%
Gross Margin	94.4%	—	93.2%	—	1.2pp
Net Margin	27.5%	—	25.9%	—	1.5pp
EPS (Diluted)	$3.69	—	$3.38	—	9.2%
Free Cash Flow	$196M	—	$226M	—	-13.4%

Revenue Flow

Item	Amount
REVENUE	$593M
Cost of Revenue	$33M
GROSS PROFIT	$560M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$191M
SG&A Expenses	$196M
Other Expenses	$126M
Operating Expenses	$323M
Cost & Expenses	$356M
OPERATING INCOME	$238M
Interest Income	$418M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$238M
Income Tax Expense	$75M
Net Income from Continuing Ops	$163M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$163M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$163M
D&A	$12M
EBIT	$238M
EBITDA	$250M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$593M
Cost of Revenue	$33M
GROSS PROFIT	$560M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$191M
SG&A Expenses	$196M
Other Expenses	$126M
Operating Expenses	$323M
Cost & Expenses	$356M
OPERATING INCOME	$238M
Interest Income	$418M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$238M
Income Tax Expense	$75M
Net Income from Continuing Ops	$163M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$163M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$163M
D&A	$12M
EBIT	$238M
EBITDA	$250M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$163M
Depreciation & Amortization	$12M
Stock-Based Compensation	$8M
Deferred Income Tax	-$5M
Other Non-Cash Items	$34M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$209M
Capital Expenditure	-$14M
Acquisitions (Net)	$0
Purchases of Investments	-$901M
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$844M
NET CASH FROM INVESTING	-$640M
Net Debt Issuance	-$83M
Common Stock Repurchased	-$64M
Common Dividends Paid	-$80M
Other Financing Activities	$719M
NET CASH FROM FINANCING	$502M
FREE CASH FLOW	$196M
Net Change in Cash	$72M

Balance Sheet

Item	Amount
Cash & Equivalents	$175M
Short-Term Investments	$2.3B
Net Receivables	$283M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$110M
Goodwill	$32M
Intangible Assets	$25M
Long-Term Investments	$11.2B
Tax Assets	$0
Other Non-Current Assets	$659M
TOTAL NON-CURRENT ASSETS	$12.0B
TOTAL ASSETS	$14.8B
Account Payables	$5M
Short-Term Debt	$697M
Deferred Revenue	$0
Other Current Liabilities	$12.6B
TOTAL CURRENT LIABILITIES	$13.3B
Long-Term Debt	$163M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$223M
TOTAL NON-CURRENT LIABILITIES	$397M
TOTAL LIABILITIES	$13.7B
Common Stock	$574.0K
Additional Paid-In Capital	$532M
Retained Earnings	$1.2B
Treasury Stock	-$686M
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$14.8B
Total Debt	$871M
Net Debt	$696M