BOKF Q4 2016 Earnings Report — BOK Financial Corporation Revenue & Financial Results | Market Cap Arena

BOK Financial CorporationBOKF

Q4 2016 Earnings

Reported February 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$333M	—	—	—	—
Op. Income	$72M	—	—	—	—
Gross Margin	93.5%	—	—	—	—
Net Margin	15.0%	—	—	—	—
EPS (Diluted)	$0.76	—	—	—	—
Free Cash Flow	$359M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$333M
Cost of Revenue	$22M
GROSS PROFIT	$311M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$144M
SG&A Expenses	$152M
Other Expenses	$87M
Operating Expenses	$239M
Cost & Expenses	$260M
OPERATING INCOME	$72M
Interest Income	$216M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$72M
Income Tax Expense	$22M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	-$18M
EBIT	$72M
EBITDA	$55M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$333M
Cost of Revenue	$22M
GROSS PROFIT	$311M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$144M
SG&A Expenses	$152M
Other Expenses	$87M
Operating Expenses	$239M
Cost & Expenses	$260M
OPERATING INCOME	$72M
Interest Income	$216M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$72M
Income Tax Expense	$22M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	-$18M
EBIT	$72M
EBITDA	$55M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$50M
Depreciation & Amortization	-$18M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$163M
Change in Working Capital	$200M
OPERATING CASH FLOW	$398M
Capital Expenditure	-$41M
Acquisitions (Net)	$64M
Purchases of Investments	-$496M
Sales/Maturities of Investments	$489M
Other Investing Activities	-$31M
NET CASH FROM INVESTING	$25M
Net Debt Issuance	-$1.6B
Common Stock Repurchased	-$37M
Common Dividends Paid	-$29M
Other Financing Activities	$1.2B
NET CASH FROM FINANCING	-$503M
FREE CASH FLOW	$359M
Net Change in Cash	-$79M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.5B
Short-Term Investments	$8.7B
Net Receivables	$780M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$12.0B
PP&E (Net)	$326M
Goodwill	$449M
Intangible Assets	$294M
Long-Term Investments	$18.4B
Tax Assets	$0
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$20.8B
TOTAL ASSETS	$32.8B
Account Payables	$147M
Short-Term Debt	$727M
Deferred Revenue	$0
Other Current Liabilities	$22.7B
TOTAL CURRENT LIABILITIES	$23.6B
Long-Term Debt	$5.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$854M
TOTAL NON-CURRENT LIABILITIES	$5.8B
TOTAL LIABILITIES	$29.5B
Common Stock	$4.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$2.8B
Treasury Stock	-$544M
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$32M
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$32.8B
Total Debt	$5.7B
Net Debt	$3.2B