BOKF FY 2020 Earnings Report — BOK Financial Corporation Revenue & Financial Results | Market Cap Arena

BOK Financial CorporationBOKF

FY 2020 Earnings

Reported February 24, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.2B	—	-5.4%
Op. Income	$564M	—	$631M	—	-10.6%
Gross Margin	81.3%	—	78.6%	—	2.7pp
Net Margin	21.2%	—	23.1%	—	-1.9pp
EPS (Diluted)	$6.19	—	$7.03	—	-11.9%
Free Cash Flow	-$557M	—	-$375M	—	-48.5%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$383M
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$724M
SG&A Expenses	$738M
Other Expenses	$364M
Operating Expenses	$1.1B
Cost & Expenses	$1.5B
OPERATING INCOME	$564M
Interest Income	$1.3B
Interest Expense	$161M
Other Income/Expenses	$0
INCOME BEFORE TAX	$564M
Income Tax Expense	$129M
Net Income from Continuing Ops	$435M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$435M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$432M
D&A	$99M
EBIT	$564M
EBITDA	$663M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$383M
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$724M
SG&A Expenses	$738M
Other Expenses	$364M
Operating Expenses	$1.1B
Cost & Expenses	$1.5B
OPERATING INCOME	$564M
Interest Income	$1.3B
Interest Expense	$161M
Other Income/Expenses	$0
INCOME BEFORE TAX	$564M
Income Tax Expense	$129M
Net Income from Continuing Ops	$435M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$435M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$432M
D&A	$99M
EBIT	$564M
EBITDA	$663M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$435M
Depreciation & Amortization	$99M
Stock-Based Compensation	$16M
Deferred Income Tax	$0
Other Non-Cash Items	$181M
Change in Working Capital	-$1.1B
OPERATING CASH FLOW	-$416M
Capital Expenditure	-$141M
Acquisitions (Net)	$0
Purchases of Investments	-$4.7B
Sales/Maturities of Investments	$3.1B
Other Investing Activities	-$889M
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	-$5.1B
Common Stock Repurchased	-$81M
Common Dividends Paid	-$144M
Other Financing Activities	$8.1B
NET CASH FROM FINANCING	$2.8B
FREE CASH FLOW	-$557M
Net Change in Cash	-$78M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$13.1B
Net Receivables	$308M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$14.5B
PP&E (Net)	$551M
Goodwill	$1.0B
Intangible Assets	$215M
Long-Term Investments	$24.0B
Tax Assets	$0
Other Non-Current Assets	$6.3B
TOTAL NON-CURRENT ASSETS	$32.1B
TOTAL ASSETS	$46.7B
Account Payables	$324M
Short-Term Debt	$3.3B
Deferred Revenue	$0
Other Current Liabilities	$36.1B
TOTAL CURRENT LIABILITIES	$39.8B
Long-Term Debt	$504M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$41.4B
Common Stock	$5.0K
Additional Paid-In Capital	$1.4B
Retained Earnings	$4.0B
Treasury Stock	-$411M
Accum. Other Comp. Income	$336M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.3B
Minority Interest	$25M
TOTAL EQUITY	$5.3B
TOTAL LIABILITIES & EQUITY	$46.7B
Total Debt	$3.8B
Net Debt	$2.6B