BOH FY 2017 Earnings Report — Bank of Hawaii Corporation Revenue & Financial Results | Market Cap Arena

Bank of Hawaii CorporationBOH

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$689M	—	$651M	—	5.9%
Op. Income	$268M	—	$260M	—	3.3%
Gross Margin	90.8%	—	93.1%	—	-2.3pp
Net Margin	26.8%	—	27.9%	—	-1.1pp
EPS (Diluted)	$4.33	—	$4.23	—	2.4%
Free Cash Flow	$145M	—	$211M	—	-31.5%

Revenue Flow

Item	Amount
REVENUE	$689M
Cost of Revenue	$63M
GROSS PROFIT	$626M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$212M
SG&A Expenses	$212M
Other Expenses	$145M
Operating Expenses	$358M
Cost & Expenses	$421M
OPERATING INCOME	$268M
Interest Income	$504M
Interest Expense	$47M
Other Income/Expenses	$0
INCOME BEFORE TAX	$268M
Income Tax Expense	$83M
Net Income from Continuing Ops	$185M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$185M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$185M
D&A	$13M
EBIT	$268M
EBITDA	$281M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$689M
Cost of Revenue	$63M
GROSS PROFIT	$626M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$212M
SG&A Expenses	$212M
Other Expenses	$145M
Operating Expenses	$358M
Cost & Expenses	$421M
OPERATING INCOME	$268M
Interest Income	$504M
Interest Expense	$47M
Other Income/Expenses	$0
INCOME BEFORE TAX	$268M
Income Tax Expense	$83M
Net Income from Continuing Ops	$185M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$185M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$185M
D&A	$13M
EBIT	$268M
EBITDA	$281M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$185M
Depreciation & Amortization	$13M
Stock-Based Compensation	$7M
Deferred Income Tax	$4M
Other Non-Cash Items	$27M
Change in Working Capital	-$61M
OPERATING CASH FLOW	$175M
Capital Expenditure	-$30M
Acquisitions (Net)	$0
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$817M
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	-$28M
Common Stock Repurchased	-$47M
Common Dividends Paid	-$87M
Other Financing Activities	$564M
NET CASH FROM FINANCING	$415M
FREE CASH FLOW	$145M
Net Change in Cash	-$432M

Balance Sheet

Item	Amount
Cash & Equivalents	$266M
Short-Term Investments	$2.2B
Net Receivables	$280M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$131M
Goodwill	$32M
Intangible Assets	$25M
Long-Term Investments	$13.6B
Tax Assets	$0
Other Non-Current Assets	$472M
TOTAL NON-CURRENT ASSETS	$14.3B
TOTAL ASSETS	$17.1B
Account Payables	$7M
Short-Term Debt	$505M
Deferred Revenue	$0
Other Current Liabilities	$14.9B
TOTAL CURRENT LIABILITIES	$15.4B
Long-Term Debt	$250M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$200M
TOTAL NON-CURRENT LIABILITIES	$461M
TOTAL LIABILITIES	$15.9B
Common Stock	$576.0K
Additional Paid-In Capital	$561M
Retained Earnings	$1.5B
Treasury Stock	-$807M
Accum. Other Comp. Income	-$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$17.1B
Total Debt	$766M
Net Debt	$500M