BOH FY 2016 Earnings Report — Bank of Hawaii Corporation Revenue & Financial Results | Market Cap Arena

Bank of Hawaii CorporationBOH

FY 2016 Earnings

Reported February 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$651M	—	$614M	—	6.1%
Op. Income	$260M	—	$231M	—	12.3%
Gross Margin	93.1%	—	93.6%	—	-0.6pp
Net Margin	27.9%	—	26.2%	—	1.7pp
EPS (Diluted)	$4.23	—	$3.70	—	14.3%
Free Cash Flow	$211M	—	$220M	—	-3.9%

Revenue Flow

Item	Amount
REVENUE	$651M
Cost of Revenue	$45M
GROSS PROFIT	$606M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$208M
SG&A Expenses	$214M
Other Expenses	$132M
Operating Expenses	$346M
Cost & Expenses	$391M
OPERATING INCOME	$260M
Interest Income	$458M
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$260M
Income Tax Expense	$78M
Net Income from Continuing Ops	$181M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$181M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$181M
D&A	$13M
EBIT	$260M
EBITDA	$272M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$651M
Cost of Revenue	$45M
GROSS PROFIT	$606M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$208M
SG&A Expenses	$214M
Other Expenses	$132M
Operating Expenses	$346M
Cost & Expenses	$391M
OPERATING INCOME	$260M
Interest Income	$458M
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$260M
Income Tax Expense	$78M
Net Income from Continuing Ops	$181M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$181M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$181M
D&A	$13M
EBIT	$260M
EBITDA	$272M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$181M
Depreciation & Amortization	$13M
Stock-Based Compensation	$7M
Deferred Income Tax	$7M
Other Non-Cash Items	$16M
Change in Working Capital	$2M
OPERATING CASH FLOW	$227M
Capital Expenditure	-$15M
Acquisitions (Net)	$0
Purchases of Investments	-$1.0B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$961M
Net Debt Issuance	-$78M
Common Stock Repurchased	-$62M
Common Dividends Paid	-$81M
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$858M
FREE CASH FLOW	$211M
Net Change in Cash	$124M

Balance Sheet

Item	Amount
Cash & Equivalents	$172M
Short-Term Investments	$2.2B
Net Receivables	$266M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$114M
Goodwill	$32M
Intangible Assets	$24M
Long-Term Investments	$12.7B
Tax Assets	$0
Other Non-Current Assets	$986M
TOTAL NON-CURRENT ASSETS	$13.9B
TOTAL ASSETS	$16.5B
Account Payables	$5M
Short-Term Debt	$533M
Deferred Revenue	$0
Other Current Liabilities	$14.3B
TOTAL CURRENT LIABILITIES	$14.9B
Long-Term Debt	$257M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$204M
TOTAL NON-CURRENT LIABILITIES	$472M
TOTAL LIABILITIES	$15.3B
Common Stock	$576.0K
Additional Paid-In Capital	$552M
Retained Earnings	$1.4B
Treasury Stock	-$772M
Accum. Other Comp. Income	-$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$16.5B
Total Debt	$801M
Net Debt	$629M