BOH FY 2019 Earnings Report — Bank of Hawaii Corporation Revenue & Financial Results | Market Cap Arena

Bank of Hawaii CorporationBOH

FY 2019 Earnings

Reported March 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$771M	—	$719M	—	7.2%
Op. Income	$286M	—	$270M	—	5.8%
Gross Margin	86.3%	—	89.3%	—	-3.0pp
Net Margin	29.3%	—	30.5%	—	-1.2pp
EPS (Diluted)	$5.56	—	$5.23	—	6.3%
Free Cash Flow	$180M	—	$283M	—	-36.2%

Revenue Flow

Item	Amount
REVENUE	$771M
Cost of Revenue	$106M
GROSS PROFIT	$665M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$221M
SG&A Expenses	$221M
Other Expenses	$158M
Operating Expenses	$379M
Cost & Expenses	$485M
OPERATING INCOME	$286M
Interest Income	$587M
Interest Expense	$90M
Other Income/Expenses	$0
INCOME BEFORE TAX	$286M
Income Tax Expense	$60M
Net Income from Continuing Ops	$226M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$226M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$226M
D&A	$30M
EBIT	$286M
EBITDA	$316M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$771M
Cost of Revenue	$106M
GROSS PROFIT	$665M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$221M
SG&A Expenses	$221M
Other Expenses	$158M
Operating Expenses	$379M
Cost & Expenses	$485M
OPERATING INCOME	$286M
Interest Income	$587M
Interest Expense	$90M
Other Income/Expenses	$0
INCOME BEFORE TAX	$286M
Income Tax Expense	$60M
Net Income from Continuing Ops	$226M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$226M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$226M
D&A	$30M
EBIT	$286M
EBITDA	$316M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$226M
Depreciation & Amortization	$30M
Stock-Based Compensation	$8M
Deferred Income Tax	-$15M
Other Non-Cash Items	$6M
Change in Working Capital	-$20M
OPERATING CASH FLOW	$234M
Capital Expenditure	-$54M
Acquisitions (Net)	$0
Purchases of Investments	-$2.8B
Sales/Maturities of Investments	$2.7B
Other Investing Activities	-$550M
NET CASH FROM INVESTING	-$773M
Net Debt Issuance	$50M
Common Stock Repurchased	-$138M
Common Dividends Paid	-$105M
Other Financing Activities	$757M
NET CASH FROM FINANCING	$572M
FREE CASH FLOW	$180M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$304M
Short-Term Investments	$2.6B
Net Receivables	$188M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$289M
Goodwill	$32M
Intangible Assets	$25M
Long-Term Investments	$14.0B
Tax Assets	$0
Other Non-Current Assets	$584M
TOTAL NON-CURRENT ASSETS	$15.0B
TOTAL ASSETS	$18.1B
Account Payables	$8M
Short-Term Debt	$604M
Deferred Revenue	$0
Other Current Liabilities	$15.8B
TOTAL CURRENT LIABILITIES	$16.4B
Long-Term Debt	$75M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$218M
TOTAL NON-CURRENT LIABILITIES	$412M
TOTAL LIABILITIES	$16.8B
Common Stock	$579.0K
Additional Paid-In Capital	$583M
Retained Earnings	$1.8B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$18.1B
Total Debt	$798M
Net Debt	$494M