BOKF FY 2007 Earnings Report — BOK Financial Corporation Revenue & Financial Results | Market Cap Arena

BOK Financial CorporationBOKF

FY 2007 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.4B	—	14.8%
Op. Income	$333M	—	$328M	—	1.8%
Gross Margin	58.3%	—	61.8%	—	-3.6pp
Net Margin	14.0%	—	15.7%	—	-1.7pp
EPS (Diluted)	$3.22	—	$3.16	—	1.9%
Free Cash Flow	$193M	—	$91M	—	111.6%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$651M
GROSS PROFIT	$908M
R&D Expenses	$0
Selling & Marketing	$22M
General & Administrative	$434M
SG&A Expenses	$456M
Other Expenses	$119M
Operating Expenses	$575M
Cost & Expenses	$1.2B
OPERATING INCOME	$333M
Interest Income	$1.2B
Interest Expense	$616M
Other Income/Expenses	$0
INCOME BEFORE TAX	$333M
Income Tax Expense	$116M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$218M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$218M
D&A	$44M
EBIT	$333M
EBITDA	$377M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$651M
GROSS PROFIT	$908M
R&D Expenses	$0
Selling & Marketing	$22M
General & Administrative	$434M
SG&A Expenses	$456M
Other Expenses	$119M
Operating Expenses	$575M
Cost & Expenses	$1.2B
OPERATING INCOME	$333M
Interest Income	$1.2B
Interest Expense	$616M
Other Income/Expenses	$0
INCOME BEFORE TAX	$333M
Income Tax Expense	$116M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$218M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$218M
D&A	$44M
EBIT	$333M
EBITDA	$377M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$218M
Depreciation & Amortization	$44M
Stock-Based Compensation	$8M
Deferred Income Tax	$0
Other Non-Cash Items	-$3M
Change in Working Capital	-$29M
OPERATING CASH FLOW	$238M
Capital Expenditure	-$45M
Acquisitions (Net)	-$47M
Purchases of Investments	-$3.0B
Sales/Maturities of Investments	$2.1B
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$17M
Common Dividends Paid	-$50M
Other Financing Activities	$549M
NET CASH FROM FINANCING	$1.9B
FREE CASH FLOW	$193M
Net Change in Cash	$93M

Balance Sheet

Item	Amount
Cash & Equivalents	$717M
Short-Term Investments	$0
Net Receivables	$148M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$866M
PP&E (Net)	$259M
Goodwill	$0
Intangible Assets	$438M
Long-Term Investments	$18.3B
Tax Assets	$0
Other Non-Current Assets	$813M
TOTAL NON-CURRENT ASSETS	$19.8B
TOTAL ASSETS	$20.8B
Account Payables	$124M
Short-Term Debt	$3.2B
Deferred Revenue	$0
Other Current Liabilities	$13.5B
TOTAL CURRENT LIABILITIES	$16.9B
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$374M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$18.9B
Common Stock	$4.0K
Additional Paid-In Capital	$722M
Retained Earnings	$1.3B
Treasury Stock	-$88M
Accum. Other Comp. Income	-$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$20.8B
Total Debt	$4.7B
Net Debt	$3.9B