BOKF FY 2012 Earnings Report — BOK Financial Corporation Revenue & Financial Results | Market Cap Arena

BOK Financial CorporationBOKF

FY 2012 Earnings

Reported February 27, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.4B	—	—	—	—
Op. Income	$543M	—	—	—	—
Gross Margin	95.3%	—	—	—	—
Net Margin	25.0%	—	—	—	—
EPS (Diluted)	$5.13	—	—	—	—
Free Cash Flow	$497M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$65M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$521M
SG&A Expenses	$544M
Other Expenses	$252M
Operating Expenses	$796M
Cost & Expenses	$861M
OPERATING INCOME	$543M
Interest Income	$792M
Interest Expense	$87M
Other Income/Expenses	$0
INCOME BEFORE TAX	$543M
Income Tax Expense	$189M
Net Income from Continuing Ops	$354M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$351M
Net Income Deductions	-$6.0K
BOTTOM LINE NET INCOME	$349M
D&A	$55M
EBIT	$543M
EBITDA	$598M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$65M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$521M
SG&A Expenses	$544M
Other Expenses	$252M
Operating Expenses	$796M
Cost & Expenses	$861M
OPERATING INCOME	$543M
Interest Income	$792M
Interest Expense	$87M
Other Income/Expenses	$0
INCOME BEFORE TAX	$543M
Income Tax Expense	$189M
Net Income from Continuing Ops	$354M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$351M
Net Income Deductions	-$6.0K
BOTTOM LINE NET INCOME	$349M
D&A	$55M
EBIT	$543M
EBITDA	$598M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$354M
Depreciation & Amortization	$55M
Stock-Based Compensation	$8M
Deferred Income Tax	$0
Other Non-Cash Items	-$81M
Change in Working Capital	$255M
OPERATING CASH FLOW	$592M
Capital Expenditure	-$95M
Acquisitions (Net)	-$24M
Purchases of Investments	-$7.5B
Sales/Maturities of Investments	$6.3B
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$2.4B
Net Debt Issuance	$157M
Common Stock Repurchased	-$21M
Common Dividends Paid	-$167M
Other Financing Activities	$2.1B
NET CASH FROM FINANCING	$2.1B
FREE CASH FLOW	$497M
Net Change in Cash	$300M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$11.3B
Net Receivables	$325M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$12.9B
PP&E (Net)	$266M
Goodwill	$362M
Intangible Assets	$129M
Long-Term Investments	$13.5B
Tax Assets	$0
Other Non-Current Assets	$981M
TOTAL NON-CURRENT ASSETS	$15.2B
TOTAL ASSETS	$28.1B
Account Payables	$177M
Short-Term Debt	$2.1B
Deferred Revenue	$0
Other Current Liabilities	$21.2B
TOTAL CURRENT LIABILITIES	$23.4B
Long-Term Debt	$999M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$745M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$25.2B
Common Stock	$4.0K
Additional Paid-In Capital	$859M
Retained Earnings	$2.1B
Treasury Stock	-$189M
Accum. Other Comp. Income	$150M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$36M
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$28.1B
Total Debt	$3.1B
Net Debt	$1.8B