BOH FY 2015 Earnings Report — Bank of Hawaii Corporation Revenue & Financial Results | Market Cap Arena

Bank of Hawaii CorporationBOH

FY 2015 Earnings

Reported February 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$614M	—	$593M	—	3.4%
Op. Income	$231M	—	$238M	—	-2.7%
Gross Margin	93.6%	—	94.4%	—	-0.8pp
Net Margin	26.2%	—	27.5%	—	-1.3pp
EPS (Diluted)	$3.70	—	$3.69	—	0.3%
Free Cash Flow	$220M	—	$196M	—	12.3%

Revenue Flow

Item	Amount
REVENUE	$614M
Cost of Revenue	$39M
GROSS PROFIT	$575M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$201M
SG&A Expenses	$206M
Other Expenses	$138M
Operating Expenses	$343M
Cost & Expenses	$383M
OPERATING INCOME	$231M
Interest Income	$432M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$231M
Income Tax Expense	$70M
Net Income from Continuing Ops	$161M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$161M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$161M
D&A	$13M
EBIT	$231M
EBITDA	$244M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$614M
Cost of Revenue	$39M
GROSS PROFIT	$575M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$201M
SG&A Expenses	$206M
Other Expenses	$138M
Operating Expenses	$343M
Cost & Expenses	$383M
OPERATING INCOME	$231M
Interest Income	$432M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$231M
Income Tax Expense	$70M
Net Income from Continuing Ops	$161M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$161M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$161M
D&A	$13M
EBIT	$231M
EBITDA	$244M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$161M
Depreciation & Amortization	$13M
Stock-Based Compensation	$8M
Deferred Income Tax	-$7M
Other Non-Cash Items	$46M
Change in Working Capital	$13M
OPERATING CASH FLOW	$234M
Capital Expenditure	-$14M
Acquisitions (Net)	$0
Purchases of Investments	-$987M
Sales/Maturities of Investments	$1.5B
Other Investing Activities	-$990M
NET CASH FROM INVESTING	-$531M
Net Debt Issuance	$14M
Common Stock Repurchased	-$53M
Common Dividends Paid	-$78M
Other Financing Activities	$619M
NET CASH FROM FINANCING	$517M
FREE CASH FLOW	$220M
Net Change in Cash	$220M

Balance Sheet

Item	Amount
Cash & Equivalents	$163M
Short-Term Investments	$2.3B
Net Receivables	$261M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$111M
Goodwill	$32M
Intangible Assets	$23M
Long-Term Investments	$11.7B
Tax Assets	$0
Other Non-Current Assets	$868M
TOTAL NON-CURRENT ASSETS	$12.8B
TOTAL ASSETS	$15.5B
Account Payables	$5M
Short-Term Debt	$636M
Deferred Revenue	$0
Other Current Liabilities	$13.3B
TOTAL CURRENT LIABILITIES	$13.9B
Long-Term Debt	$235M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$201M
TOTAL NON-CURRENT LIABILITIES	$446M
TOTAL LIABILITIES	$14.3B
Common Stock	$575.0K
Additional Paid-In Capital	$542M
Retained Earnings	$1.3B
Treasury Stock	-$719M
Accum. Other Comp. Income	-$24M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$15.5B
Total Debt	$882M
Net Debt	$719M