BOH FY 2020 Earnings Report — Bank of Hawaii Corporation Revenue & Financial Results | Market Cap Arena

Bank of Hawaii CorporationBOH

FY 2020 Earnings

Reported March 1, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$731M	—	$771M	—	-5.2%
Op. Income	$189M	—	$286M	—	-33.8%
Gross Margin	77.0%	—	86.3%	—	-9.3pp
Net Margin	21.0%	—	29.3%	—	-8.3pp
EPS (Diluted)	$3.86	—	$5.56	—	-30.6%
Free Cash Flow	$113M	—	$180M	—	-37.3%

Revenue Flow

Item	Amount
REVENUE	$731M
Cost of Revenue	$168M
GROSS PROFIT	$563M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$213M
SG&A Expenses	$213M
Other Expenses	$161M
Operating Expenses	$374M
Cost & Expenses	$542M
OPERATING INCOME	$189M
Interest Income	$546M
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$189M
Income Tax Expense	$35M
Net Income from Continuing Ops	$154M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$154M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$154M
D&A	$32M
EBIT	$189M
EBITDA	$222M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$731M
Cost of Revenue	$168M
GROSS PROFIT	$563M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$213M
SG&A Expenses	$213M
Other Expenses	$161M
Operating Expenses	$374M
Cost & Expenses	$542M
OPERATING INCOME	$189M
Interest Income	$546M
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$189M
Income Tax Expense	$35M
Net Income from Continuing Ops	$154M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$154M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$154M
D&A	$32M
EBIT	$189M
EBITDA	$222M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$154M
Depreciation & Amortization	$32M
Stock-Based Compensation	$8M
Deferred Income Tax	-$43M
Other Non-Cash Items	$123M
Change in Working Capital	-$128M
OPERATING CASH FLOW	$146M
Capital Expenditure	-$33M
Acquisitions (Net)	$0
Purchases of Investments	-$3.8B
Sales/Maturities of Investments	$2.4B
Other Investing Activities	-$988M
NET CASH FROM INVESTING	-$2.4B
Net Debt Issuance	-$29M
Common Stock Repurchased	-$18M
Common Dividends Paid	-$107M
Other Financing Activities	$2.4B
NET CASH FROM FINANCING	$2.3B
FREE CASH FLOW	$113M
Net Change in Cash	$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$281M
Short-Term Investments	$3.8B
Net Receivables	$168M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$299M
Goodwill	$32M
Intangible Assets	$20M
Long-Term Investments	$15.2B
Tax Assets	$17M
Other Non-Current Assets	$779M
TOTAL NON-CURRENT ASSETS	$16.3B
TOTAL ASSETS	$20.6B
Account Payables	$5M
Short-Term Debt	$601M
Deferred Revenue	$0
Other Current Liabilities	$18.2B
TOTAL CURRENT LIABILITIES	$18.8B
Long-Term Debt	$50M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$244M
TOTAL NON-CURRENT LIABILITIES	$412M
TOTAL LIABILITIES	$19.2B
Common Stock	$580.0K
Additional Paid-In Capital	$591M
Retained Earnings	$1.8B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$20.6B
Total Debt	$768M
Net Debt	$487M