FHB FY 2017 Earnings Report — First Hawaiian, Inc. Revenue & Financial Results | Market Cap Arena

First Hawaiian, Inc.FHB

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$753M	—	$722M	—	4.3%
Op. Income	$368M	—	$372M	—	-0.9%
Gross Margin	92.0%	—	95.1%	—	-3.1pp
Net Margin	24.4%	—	31.9%	—	-7.5pp
EPS (Diluted)	$1.32	—	$1.65	—	-20.0%
Free Cash Flow	$260M	—	$205M	—	27.0%

Revenue Flow

Item	Amount
REVENUE	$753M
Cost of Revenue	$60M
GROSS PROFIT	$693M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$163M
SG&A Expenses	$169M
Other Expenses	$155M
Operating Expenses	$324M
Cost & Expenses	$385M
OPERATING INCOME	$368M
Interest Income	$571M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$368M
Income Tax Expense	$185M
Net Income from Continuing Ops	$184M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$184M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$62M
EBIT	$368M
EBITDA	$430M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$753M
Cost of Revenue	$60M
GROSS PROFIT	$693M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$163M
SG&A Expenses	$169M
Other Expenses	$155M
Operating Expenses	$324M
Cost & Expenses	$385M
OPERATING INCOME	$368M
Interest Income	$571M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$368M
Income Tax Expense	$185M
Net Income from Continuing Ops	$184M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$184M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$62M
EBIT	$368M
EBITDA	$430M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$184M
Depreciation & Amortization	$62M
Stock-Based Compensation	$5M
Deferred Income Tax	$59M
Other Non-Cash Items	$11M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$270M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$904M
Other Investing Activities	-$756M
NET CASH FROM INVESTING	-$971M
Net Debt Issuance	-$9M
Common Stock Repurchased	$0
Common Dividends Paid	-$125M
Other Financing Activities	$818M
NET CASH FROM FINANCING	$684M
FREE CASH FLOW	$260M
Net Change in Cash	-$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$5.2B
Net Receivables	$48M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.3B
PP&E (Net)	$289M
Goodwill	$995M
Intangible Assets	$13M
Long-Term Investments	$12.1B
Tax Assets	$0
Other Non-Current Assets	$794M
TOTAL NON-CURRENT ASSETS	$14.2B
TOTAL ASSETS	$20.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$17.6B
TOTAL CURRENT LIABILITIES	$17.7B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$271M
TOTAL NON-CURRENT LIABILITIES	$271M
TOTAL LIABILITIES	$18.0B
Common Stock	$1M
Additional Paid-In Capital	$2.5B
Retained Earnings	$139M
Treasury Stock	-$282.0K
Accum. Other Comp. Income	-$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$20.5B
Total Debt	$34.0K
Net Debt	-$1.0B