CBSH FY 2016 Earnings Report — Commerce Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Commerce Bancshares, Inc.CBSH

FY 2016 Earnings

Reported February 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.2B	—	—	—	—
Op. Income	$401M	—	—	—	—
Gross Margin	94.0%	—	—	—	—
Net Margin	23.7%	—	—	—	—
EPS (Diluted)	$1.77	—	—	—	—
Free Cash Flow	$430M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$69M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$441M
SG&A Expenses	$457M
Other Expenses	$233M
Operating Expenses	$689M
Cost & Expenses	$759M
OPERATING INCOME	$401M
Interest Income	$713M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$401M
Income Tax Expense	$124M
Net Income from Continuing Ops	$277M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$275M
Net Income Deductions	$3M
BOTTOM LINE NET INCOME	$263M
D&A	$41M
EBIT	$401M
EBITDA	$442M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$69M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$441M
SG&A Expenses	$457M
Other Expenses	$233M
Operating Expenses	$689M
Cost & Expenses	$759M
OPERATING INCOME	$401M
Interest Income	$713M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$401M
Income Tax Expense	$124M
Net Income from Continuing Ops	$277M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$275M
Net Income Deductions	$3M
BOTTOM LINE NET INCOME	$263M
D&A	$41M
EBIT	$401M
EBITDA	$442M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$277M
Depreciation & Amortization	$41M
Stock-Based Compensation	$12M
Deferred Income Tax	-$2M
Other Non-Cash Items	$126M
Change in Working Capital	$2M
OPERATING CASH FLOW	$455M
Capital Expenditure	-$24M
Acquisitions (Net)	$0
Purchases of Investments	-$2.0B
Sales/Maturities of Investments	$2.1B
Other Investing Activities	-$849M
NET CASH FROM INVESTING	-$805M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$39M
Common Dividends Paid	-$87M
Other Financing Activities	$786M
NET CASH FROM FINANCING	$653M
FREE CASH FLOW	$430M
Net Change in Cash	$299M

Balance Sheet

Item	Amount
Cash & Equivalents	$767M
Short-Term Investments	$9.6B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10.4B
PP&E (Net)	$338M
Goodwill	$139M
Intangible Assets	$7M
Long-Term Investments	$13.3B
Tax Assets	$0
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$15.2B
TOTAL ASSETS	$25.6B
Account Payables	$0
Short-Term Debt	$1.7B
Deferred Revenue	$0
Other Current Liabilities	$21.1B
TOTAL CURRENT LIABILITIES	$22.8B
Long-Term Debt	$102M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$213M
TOTAL NON-CURRENT LIABILITIES	$315M
TOTAL LIABILITIES	$23.1B
Common Stock	$510M
Additional Paid-In Capital	$1.6B
Retained Earnings	$293M
Treasury Stock	-$15M
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$5M
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$25.6B
Total Debt	$1.8B
Net Debt	$1.1B