BOKF FY 2018 Earnings Report — BOK Financial Corporation Revenue & Financial Results | Market Cap Arena

BOK Financial CorporationBOKF

FY 2018 Earnings

Reported March 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.6B	—	12.3%
Op. Income	$565M	—	$518M	—	9.1%
Gross Margin	86.0%	—	92.3%	—	-6.2pp
Net Margin	24.7%	—	20.9%	—	3.9pp
EPS (Diluted)	$6.69	—	$5.11	—	30.9%
Free Cash Flow	$126M	—	-$36M	—	451.5%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$252M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$31M
General & Administrative	$624M
SG&A Expenses	$654M
Other Expenses	$330M
Operating Expenses	$984M
Cost & Expenses	$1.2B
OPERATING INCOME	$565M
Interest Income	$1.2B
Interest Expense	$244M
Other Income/Expenses	$0
INCOME BEFORE TAX	$565M
Income Tax Expense	$119M
Net Income from Continuing Ops	$446M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$446M
Net Income Deductions	-$1.0K
BOTTOM LINE NET INCOME	$442M
D&A	$61M
EBIT	$565M
EBITDA	$626M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$252M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$31M
General & Administrative	$624M
SG&A Expenses	$654M
Other Expenses	$330M
Operating Expenses	$984M
Cost & Expenses	$1.2B
OPERATING INCOME	$565M
Interest Income	$1.2B
Interest Expense	$244M
Other Income/Expenses	$0
INCOME BEFORE TAX	$565M
Income Tax Expense	$119M
Net Income from Continuing Ops	$446M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$446M
Net Income Deductions	-$1.0K
BOTTOM LINE NET INCOME	$442M
D&A	$61M
EBIT	$565M
EBITDA	$626M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$446M
Depreciation & Amortization	$61M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	$115M
Change in Working Capital	-$1.2B
OPERATING CASH FLOW	$471M
Capital Expenditure	-$345M
Acquisitions (Net)	-$176M
Purchases of Investments	-$2.1B
Sales/Maturities of Investments	$2.0B
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$1.3B
Common Stock Repurchased	-$54M
Common Dividends Paid	-$127M
Other Financing Activities	$71M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$126M
Net Change in Cash	-$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$8.9B
Net Receivables	$541M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10.5B
PP&E (Net)	$330M
Goodwill	$1.0B
Intangible Assets	$394M
Long-Term Investments	$22.6B
Tax Assets	$0
Other Non-Current Assets	$3.1B
TOTAL NON-CURRENT ASSETS	$27.5B
TOTAL ASSETS	$38.0B
Account Payables	$193M
Short-Term Debt	$1.0B
Deferred Revenue	$0
Other Current Liabilities	$25.3B
TOTAL CURRENT LIABILITIES	$26.5B
Long-Term Debt	$6.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$702M
TOTAL NON-CURRENT LIABILITIES	$7.1B
TOTAL LIABILITIES	$33.6B
Common Stock	$5.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$3.4B
Treasury Stock	-$199M
Accum. Other Comp. Income	-$73M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$11M
TOTAL EQUITY	$4.4B
TOTAL LIABILITIES & EQUITY	$38.0B
Total Debt	$7.4B
Net Debt	$6.3B