RY Q4 2017 Earnings Report — Royal Bank of Canada Revenue & Financial Results | Market Cap Arena

Royal Bank of CanadaRY

Q4 2017 Earnings

Reported November 29, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2017	Q3 2017	Q4 2016	QoQ Change	YoY Change
Revenue	$9.8B	$9.2B	$8.0B	6.3%	22.2%
Op. Income	$2.6B	$2.6B	$2.4B	-1.3%	6.9%
Gross Margin	77.5%	77.2%	78.3%	0.2pp	-0.8pp
Net Margin	21.1%	22.1%	23.1%	-1.0pp	-2.0pp
EPS (Diluted)	$1.38	$1.35	$1.24	1.6%	10.6%
Free Cash Flow	$4.3B	$7.4B	$7.5B	-42.4%	-43.2%

Revenue Flow

Item	Amount
REVENUE	$9.8B
Cost of Revenue	$2.2B
GROSS PROFIT	$7.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.3B
SG&A Expenses	$3.3B
Other Expenses	$1.7B
Operating Expenses	$5.0B
Cost & Expenses	$7.2B
OPERATING INCOME	$2.6B
Interest Income	$5.2B
Interest Expense	$2.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$515M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$2.0B
D&A	$298M
EBIT	$2.6B
EBITDA	$2.9B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.8B
Cost of Revenue	$2.2B
GROSS PROFIT	$7.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.3B
SG&A Expenses	$3.3B
Other Expenses	$1.7B
Operating Expenses	$5.0B
Cost & Expenses	$7.2B
OPERATING INCOME	$2.6B
Interest Income	$5.2B
Interest Expense	$2.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$515M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$2.0B
D&A	$298M
EBIT	$2.6B
EBITDA	$2.9B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$298M
Stock-Based Compensation	$0
Deferred Income Tax	$15M
Other Non-Cash Items	$132M
Change in Working Capital	$2.1B
OPERATING CASH FLOW	$4.6B
Capital Expenditure	-$340M
Acquisitions (Net)	$0
Purchases of Investments	-$12.6B
Sales/Maturities of Investments	$10.4B
Other Investing Activities	$2.5B
NET CASH FROM INVESTING	-$23M
Net Debt Issuance	$0
Common Stock Repurchased	-$1.5B
Common Dividends Paid	-$984M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$4.3B
Net Change in Cash	$3.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$44.7B
Short-Term Investments	$66.4B
Net Receivables	$7.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$118.8B
PP&E (Net)	$2.0B
Goodwill	$8.0B
Intangible Assets	$3.3B
Long-Term Investments	$468.5B
Tax Assets	$1.3B
Other Non-Current Assets	$286.9B
TOTAL NON-CURRENT ASSETS	$768.3B
TOTAL ASSETS	$887.1B
Account Payables	$4.4B
Short-Term Debt	$161.0B
Deferred Revenue	$0
Other Current Liabilities	$439.3B
TOTAL CURRENT LIABILITIES	$609.9B
Long-Term Debt	$110.7B
Deferred Revenue NC	$1.5B
Deferred Tax Liabilities	$71M
Other Non-Current Liabilities	$110.5B
TOTAL NON-CURRENT LIABILITIES	$222.8B
TOTAL LIABILITIES	$832.7B
Common Stock	$12.9B
Additional Paid-In Capital	$12.9B
Retained Earnings	$33.2B
Treasury Stock	-$20M
Accum. Other Comp. Income	$3.2B
Other Equity	-$12.9B
TOTAL STOCKHOLDERS' EQUITY	$54.0B
Minority Interest	$438M
TOTAL EQUITY	$54.4B
TOTAL LIABILITIES & EQUITY	$887.1B
Total Debt	$271.7B
Net Debt	$227.0B