UMBF FY 2007 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2007 Earnings

Reported February 28, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$703M	—	$624M	—	12.7%
Op. Income	$105M	—	$81M	—	29.2%
Gross Margin	72.8%	—	74.3%	—	-1.4pp
Net Margin	10.6%	—	9.6%	—	1.0pp
EPS (Diluted)	$1.77	—	$1.40	—	26.4%
Free Cash Flow	$104M	—	$89M	—	16.6%

Revenue Flow

Item	Amount
REVENUE	$703M
Cost of Revenue	$191M
GROSS PROFIT	$512M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$230M
SG&A Expenses	$246M
Other Expenses	$161M
Operating Expenses	$407M
Cost & Expenses	$598M
OPERATING INCOME	$105M
Interest Income	$414M
Interest Expense	$182M
Other Income/Expenses	$0
INCOME BEFORE TAX	$105M
Income Tax Expense	$31M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$37M
EBIT	$105M
EBITDA	$142M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$703M
Cost of Revenue	$191M
GROSS PROFIT	$512M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$230M
SG&A Expenses	$246M
Other Expenses	$161M
Operating Expenses	$407M
Cost & Expenses	$598M
OPERATING INCOME	$105M
Interest Income	$414M
Interest Expense	$182M
Other Income/Expenses	$0
INCOME BEFORE TAX	$105M
Income Tax Expense	$31M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$37M
EBIT	$105M
EBITDA	$142M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$37M
Stock-Based Compensation	$3M
Deferred Income Tax	$1M
Other Non-Cash Items	$6M
Change in Working Capital	$9M
OPERATING CASH FLOW	$131M
Capital Expenditure	-$28M
Acquisitions (Net)	-$785.0K
Purchases of Investments	-$1.9B
Sales/Maturities of Investments	$1.8B
Other Investing Activities	-$35M
NET CASH FROM INVESTING	-$154M
Net Debt Issuance	$14M
Common Stock Repurchased	-$43M
Common Dividends Paid	-$29M
Other Financing Activities	$357M
NET CASH FROM FINANCING	$299M
FREE CASH FLOW	$104M
Net Change in Cash	$275M

Balance Sheet

Item	Amount
Cash & Equivalents	$807M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$807M
PP&E (Net)	$236M
Goodwill	$95M
Intangible Assets	$16M
Long-Term Investments	$7.3B
Tax Assets	$0
Other Non-Current Assets	$883M
TOTAL NON-CURRENT ASSETS	$8.5B
TOTAL ASSETS	$9.3B
Account Payables	$0
Short-Term Debt	$1.8B
Deferred Revenue	$0
Other Current Liabilities	$6.6B
TOTAL CURRENT LIABILITIES	$8.3B
Long-Term Debt	$36M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$133M
TOTAL LIABILITIES	$8.5B
Common Stock	$55M
Additional Paid-In Capital	$703M
Retained Earnings	$431M
Treasury Stock	-$310M
Accum. Other Comp. Income	$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$891M
Minority Interest	$0
TOTAL EQUITY	$891M
TOTAL LIABILITIES & EQUITY	$9.3B
Total Debt	$1.8B
Net Debt	$998M