BOH FY 2023 Earnings Report — Bank of Hawaii Corporation Revenue & Financial Results | Market Cap Arena

Bank of Hawaii CorporationBOH

FY 2023 Earnings

Reported February 29, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$966M	—	$755M	—	27.9%
Op. Income	$227M	—	$291M	—	-21.9%
Gross Margin	66.6%	—	93.5%	—	-26.9pp
Net Margin	17.7%	—	29.9%	—	-12.2pp
EPS (Diluted)	$4.14	—	$5.48	—	-24.5%
Free Cash Flow	$141M	—	$304M	—	-53.7%

Revenue Flow

Item	Amount
REVENUE	$966M
Cost of Revenue	$322M
GROSS PROFIT	$643M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$248M
SG&A Expenses	$256M
Other Expenses	$160M
Operating Expenses	$416M
Cost & Expenses	$739M
OPERATING INCOME	$227M
Interest Income	$810M
Interest Expense	$313M
Other Income/Expenses	$0
INCOME BEFORE TAX	$227M
Income Tax Expense	$56M
Net Income from Continuing Ops	$171M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$171M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$163M
D&A	$33M
EBIT	$227M
EBITDA	$260M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$966M
Cost of Revenue	$322M
GROSS PROFIT	$643M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$248M
SG&A Expenses	$256M
Other Expenses	$160M
Operating Expenses	$416M
Cost & Expenses	$739M
OPERATING INCOME	$227M
Interest Income	$810M
Interest Expense	$313M
Other Income/Expenses	$0
INCOME BEFORE TAX	$227M
Income Tax Expense	$56M
Net Income from Continuing Ops	$171M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$171M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$163M
D&A	$33M
EBIT	$227M
EBITDA	$260M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$171M
Depreciation & Amortization	$33M
Stock-Based Compensation	$16M
Deferred Income Tax	-$11M
Other Non-Cash Items	$27M
Change in Working Capital	-$85M
OPERATING CASH FLOW	$150M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$511.0K
Sales/Maturities of Investments	$898M
Other Investing Activities	-$325M
NET CASH FROM INVESTING	$563M
Net Debt Issuance	-$425M
Common Stock Repurchased	-$14M
Common Dividends Paid	-$112M
Other Financing Activities	$439M
NET CASH FROM FINANCING	-$114M
FREE CASH FLOW	$141M
Net Change in Cash	$599M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$2.4B
Net Receivables	$141M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$281M
Goodwill	$32M
Intangible Assets	$21M
Long-Term Investments	$19.1B
Tax Assets	$184M
Other Non-Current Assets	$582M
TOTAL NON-CURRENT ASSETS	$20.2B
TOTAL ASSETS	$23.7B
Account Payables	$41M
Short-Term Debt	$150M
Deferred Revenue	$0
Other Current Liabilities	$21.1B
TOTAL CURRENT LIABILITIES	$21.2B
Long-Term Debt	$550M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$418M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$22.3B
Common Stock	$583.0K
Additional Paid-In Capital	$636M
Retained Earnings	$2.1B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$397M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$23.7B
Total Debt	$805M
Net Debt	-$196M