RY Q4 2016 Earnings Report — Royal Bank of Canada Revenue & Financial Results | Market Cap Arena

Royal Bank of CanadaRY

Q4 2016 Earnings

Reported November 30, 2016

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	$8.0B	$8.8B	—	-8.6%	—
Op. Income	$2.4B	$2.7B	—	-8.9%	—
Gross Margin	78.3%	80.2%	—	-1.9pp	—
Net Margin	23.1%	24.1%	—	-1.0pp	—
EPS (Diluted)	$1.24	$1.37	—	-9.6%	—
Free Cash Flow	$7.5B	-$57M	—	13302.6%	—

Revenue Flow

Item	Amount
REVENUE	$8.0B
Cost of Revenue	$1.7B
GROSS PROFIT	$6.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.5B
SG&A Expenses	$2.5B
Other Expenses	$1.3B
Operating Expenses	$3.8B
Cost & Expenses	$5.6B
OPERATING INCOME	$2.4B
Interest Income	$4.5B
Interest Expense	$1.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$562M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$1.8B
D&A	$300M
EBIT	$2.4B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$8.0B
Cost of Revenue	$1.7B
GROSS PROFIT	$6.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.5B
SG&A Expenses	$2.5B
Other Expenses	$1.3B
Operating Expenses	$3.8B
Cost & Expenses	$5.6B
OPERATING INCOME	$2.4B
Interest Income	$4.5B
Interest Expense	$1.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$562M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$1.8B
D&A	$300M
EBIT	$2.4B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$300M
Stock-Based Compensation	$0
Deferred Income Tax	-$61M
Other Non-Cash Items	$221M
Change in Working Capital	$5.5B
OPERATING CASH FLOW	$7.8B
Capital Expenditure	-$289M
Acquisitions (Net)	$37M
Purchases of Investments	-$13.9B
Sales/Maturities of Investments	$8.1B
Other Investing Activities	-$4.3B
NET CASH FROM INVESTING	-$10.3B
Net Debt Issuance	$3M
Common Stock Repurchased	-$827M
Common Dividends Paid	-$941M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$919M
FREE CASH FLOW	$7.5B
Net Change in Cash	-$3.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$31.3B
Short-Term Investments	$62.0B
Net Receivables	$7.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$100.6B
PP&E (Net)	$2.1B
Goodwill	$8.2B
Intangible Assets	$3.4B
Long-Term Investments	$470.2B
Tax Assets	$2.1B
Other Non-Current Assets	$277.7B
TOTAL NON-CURRENT ASSETS	$761.9B
TOTAL ASSETS	$862.5B
Account Payables	$4.2B
Short-Term Debt	$123.2B
Deferred Revenue	$0
Other Current Liabilities	$434.2B
TOTAL CURRENT LIABILITIES	$566.3B
Long-Term Debt	$115.8B
Deferred Revenue NC	$1.4B
Deferred Tax Liabilities	$723M
Other Non-Current Liabilities	$125.9B
TOTAL NON-CURRENT LIABILITIES	$243.9B
TOTAL LIABILITIES	$810.2B
Common Stock	$13.1B
Additional Paid-In Capital	$13.1B
Retained Earnings	$30.3B
Treasury Stock	-$58M
Accum. Other Comp. Income	$3.6B
Other Equity	-$13.0B
TOTAL STOCKHOLDERS' EQUITY	$51.9B
Minority Interest	$435M
TOTAL EQUITY	$52.3B
TOTAL LIABILITIES & EQUITY	$862.5B
Total Debt	$238.9B
Net Debt	$207.7B