FHB FY 2016 Earnings Report — First Hawaiian, Inc. Revenue & Financial Results | Market Cap Arena

First Hawaiian, Inc.FHB

FY 2016 Earnings

Reported March 15, 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	$722M	—	$679M	—	6.3%
Op. Income	$372M	—	$343M	—	8.3%
Gross Margin	95.1%	—	95.2%	—	-0.1pp
Net Margin	31.9%	—	31.5%	—	0.4pp
EPS (Diluted)	$1.65	—	$1.53	—	7.8%
Free Cash Flow	$205M	—	$123M	—	65.7%

Revenue Flow

Item	Amount
REVENUE	$722M
Cost of Revenue	$35M
GROSS PROFIT	$687M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$157M
SG&A Expenses	$163M
Other Expenses	$152M
Operating Expenses	$315M
Cost & Expenses	$350M
OPERATING INCOME	$372M
Interest Income	$519M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$372M
Income Tax Expense	$142M
Net Income from Continuing Ops	$230M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$230M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$230M
D&A	$52M
EBIT	$372M
EBITDA	$424M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$722M
Cost of Revenue	$35M
GROSS PROFIT	$687M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$157M
SG&A Expenses	$163M
Other Expenses	$152M
Operating Expenses	$315M
Cost & Expenses	$350M
OPERATING INCOME	$372M
Interest Income	$519M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$372M
Income Tax Expense	$142M
Net Income from Continuing Ops	$230M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$230M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$230M
D&A	$52M
EBIT	$372M
EBITDA	$424M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$230M
Depreciation & Amortization	$52M
Stock-Based Compensation	$5M
Deferred Income Tax	$3M
Other Non-Cash Items	-$19M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$220M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	-$3.1B
Sales/Maturities of Investments	$2.0B
Other Investing Activities	-$790M
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	-$207M
Common Stock Repurchased	$0
Common Dividends Paid	-$447M
Other Financing Activities	$732M
NET CASH FROM FINANCING	$78M
FREE CASH FLOW	$205M
Net Change in Cash	-$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$5.1B
Net Receivables	$42M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.2B
PP&E (Net)	$301M
Goodwill	$995M
Intangible Assets	$17M
Long-Term Investments	$11.4B
Tax Assets	$0
Other Non-Current Assets	$792M
TOTAL NON-CURRENT ASSETS	$13.5B
TOTAL ASSETS	$19.7B
Account Payables	$0
Short-Term Debt	$9M
Deferred Revenue	$0
Other Current Liabilities	$16.8B
TOTAL CURRENT LIABILITIES	$16.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$249M
TOTAL NON-CURRENT LIABILITIES	$249M
TOTAL LIABILITIES	$17.2B
Common Stock	$1M
Additional Paid-In Capital	$2.5B
Retained Earnings	$79M
Treasury Stock	$0
Accum. Other Comp. Income	-$88M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$19.7B
Total Debt	$9M
Net Debt	-$1.0B