BOKF FY 2017 Earnings Report — BOK Financial Corporation Revenue & Financial Results | Market Cap Arena

BOK Financial CorporationBOKF

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.4B	—	11.2%
Op. Income	$518M	—	$339M	—	53.0%
Gross Margin	92.3%	—	89.8%	—	2.5pp
Net Margin	20.9%	—	16.1%	—	4.7pp
EPS (Diluted)	$5.11	—	$3.53	—	44.8%
Free Cash Flow	-$36M	—	-$519M	—	93.1%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$124M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$29M
General & Administrative	$609M
SG&A Expenses	$638M
Other Expenses	$324M
Operating Expenses	$961M
Cost & Expenses	$1.1B
OPERATING INCOME	$518M
Interest Income	$973M
Interest Expense	$131M
Other Income/Expenses	$0
INCOME BEFORE TAX	$518M
Income Tax Expense	$183M
Net Income from Continuing Ops	$336M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$335M
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$331M
D&A	$54M
EBIT	$518M
EBITDA	$573M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$124M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$29M
General & Administrative	$609M
SG&A Expenses	$638M
Other Expenses	$324M
Operating Expenses	$961M
Cost & Expenses	$1.1B
OPERATING INCOME	$518M
Interest Income	$973M
Interest Expense	$131M
Other Income/Expenses	$0
INCOME BEFORE TAX	$518M
Income Tax Expense	$183M
Net Income from Continuing Ops	$336M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$335M
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$331M
D&A	$54M
EBIT	$518M
EBITDA	$573M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$336M
Depreciation & Amortization	$54M
Stock-Based Compensation	$24M
Deferred Income Tax	$0
Other Non-Cash Items	$89M
Change in Working Capital	-$287M
OPERATING CASH FLOW	$215M
Capital Expenditure	-$251M
Acquisitions (Net)	$0
Purchases of Investments	-$2.9B
Sales/Maturities of Investments	$3.7B
Other Investing Activities	-$124M
NET CASH FROM INVESTING	$740M
Net Debt Issuance	-$11M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$116M
Other Financing Activities	-$1.0B
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	-$36M
Net Change in Cash	-$220M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$8.3B
Net Receivables	$519M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$11.2B
PP&E (Net)	$317M
Goodwill	$447M
Intangible Assets	$282M
Long-Term Investments	$18.6B
Tax Assets	$0
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$21.1B
TOTAL ASSETS	$32.3B
Account Payables	$165M
Short-Term Debt	$595M
Deferred Revenue	$0
Other Current Liabilities	$22.1B
TOTAL CURRENT LIABILITIES	$22.8B
Long-Term Debt	$5.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$673M
TOTAL NON-CURRENT LIABILITIES	$5.9B
TOTAL LIABILITIES	$28.8B
Common Stock	$4.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$3.0B
Treasury Stock	-$553M
Accum. Other Comp. Income	-$36M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$23M
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$32.3B
Total Debt	$5.9B
Net Debt	$3.5B