BOH FY 2022 Earnings Report — Bank of Hawaii Corporation Revenue & Financial Results | Market Cap Arena

Bank of Hawaii CorporationBOH

FY 2022 Earnings

Reported March 1, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$755M	—	$689M	—	9.5%
Op. Income	$291M	—	$326M	—	-10.7%
Gross Margin	93.5%	—	103.1%	—	-9.5pp
Net Margin	29.9%	—	36.8%	—	-6.8pp
EPS (Diluted)	$5.48	—	$6.25	—	-12.3%
Free Cash Flow	$304M	—	$355M	—	-14.3%

Revenue Flow

Item	Amount
REVENUE	$755M
Cost of Revenue	$49M
GROSS PROFIT	$706M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$242M
SG&A Expenses	$242M
Other Expenses	$173M
Operating Expenses	$415M
Cost & Expenses	$464M
OPERATING INCOME	$291M
Interest Income	$597M
Interest Expense	$57M
Other Income/Expenses	$0
INCOME BEFORE TAX	$291M
Income Tax Expense	$65M
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	$218M
D&A	$33M
EBIT	$291M
EBITDA	$324M
EPS	$6
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$755M
Cost of Revenue	$49M
GROSS PROFIT	$706M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$242M
SG&A Expenses	$242M
Other Expenses	$173M
Operating Expenses	$415M
Cost & Expenses	$464M
OPERATING INCOME	$291M
Interest Income	$597M
Interest Expense	$57M
Other Income/Expenses	$0
INCOME BEFORE TAX	$291M
Income Tax Expense	$65M
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	$218M
D&A	$33M
EBIT	$291M
EBITDA	$324M
EPS	$6
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$226M
Depreciation & Amortization	$33M
Stock-Based Compensation	$16M
Deferred Income Tax	-$3M
Other Non-Cash Items	$47M
Change in Working Capital	$14M
OPERATING CASH FLOW	$333M
Capital Expenditure	-$29M
Acquisitions (Net)	$0
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$675M
Common Stock Repurchased	-$55M
Common Dividends Paid	-$113M
Other Financing Activities	$256M
NET CASH FROM FINANCING	$762M
FREE CASH FLOW	$304M
Net Change in Cash	-$159M

Balance Sheet

Item	Amount
Cash & Equivalents	$320M
Short-Term Investments	$2.8B
Net Receivables	$140M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$299M
Goodwill	$32M
Intangible Assets	$23M
Long-Term Investments	$19.1B
Tax Assets	$178M
Other Non-Current Assets	$679M
TOTAL NON-CURRENT ASSETS	$20.3B
TOTAL ASSETS	$23.6B
Account Payables	$10M
Short-Term Debt	$725M
Deferred Revenue	$0
Other Current Liabilities	$20.6B
TOTAL CURRENT LIABILITIES	$21.4B
Long-Term Debt	$400M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$428M
TOTAL NON-CURRENT LIABILITIES	$939M
TOTAL LIABILITIES	$22.3B
Common Stock	$582.0K
Additional Paid-In Capital	$621M
Retained Earnings	$2.1B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$435M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$23.6B
Total Debt	$1.2B
Net Debt	$916M