BOKF Q2 2016 Earnings Report — BOK Financial Corporation Revenue & Financial Results | Market Cap Arena

BOK Financial CorporationBOKF

Q2 2016 Earnings

Reported July 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$372M	—	—	—	—
Op. Income	$97M	—	—	—	—
Gross Margin	89.3%	—	—	—	—
Net Margin	17.7%	—	—	—	—
EPS (Diluted)	$1.00	—	—	—	—
Free Cash Flow	$178M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$372M
Cost of Revenue	$40M
GROSS PROFIT	$332M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$150M
SG&A Expenses	$157M
Other Expenses	$79M
Operating Expenses	$236M
Cost & Expenses	$275M
OPERATING INCOME	$97M
Interest Income	$202M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$97M
Income Tax Expense	$30M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$13M
EBIT	$97M
EBITDA	$110M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$372M
Cost of Revenue	$40M
GROSS PROFIT	$332M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$150M
SG&A Expenses	$157M
Other Expenses	$79M
Operating Expenses	$236M
Cost & Expenses	$275M
OPERATING INCOME	$97M
Interest Income	$202M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$97M
Income Tax Expense	$30M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$13M
EBIT	$97M
EBITDA	$110M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$13M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	-$74M
Change in Working Capital	$170M
OPERATING CASH FLOW	$178M
Capital Expenditure	-$31M
Acquisitions (Net)	$0
Purchases of Investments	-$830M
Sales/Maturities of Investments	$887M
Other Investing Activities	-$517M
NET CASH FROM INVESTING	-$460M
Net Debt Issuance	$158M
Common Stock Repurchased	-$18M
Common Dividends Paid	-$28M
Other Financing Activities	$263M
NET CASH FROM FINANCING	$374M
FREE CASH FLOW	$178M
Net Change in Cash	$94M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$8.8B
Net Receivables	$316M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$11.6B
PP&E (Net)	$315M
Goodwill	$383M
Intangible Assets	$234M
Long-Term Investments	$18.3B
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$20.4B
TOTAL ASSETS	$32.0B
Account Payables	$198M
Short-Term Debt	$529M
Deferred Revenue	$0
Other Current Liabilities	$20.8B
TOTAL CURRENT LIABILITIES	$21.5B
Long-Term Debt	$6.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$878M
TOTAL NON-CURRENT LIABILITIES	$7.1B
TOTAL LIABILITIES	$28.6B
Common Stock	$4.0K
Additional Paid-In Capital	$990M
Retained Earnings	$2.8B
Treasury Stock	-$495M
Accum. Other Comp. Income	$118M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$34M
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$32.0B
Total Debt	$6.7B
Net Debt	$4.3B