UMBF FY 2009 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2009 Earnings

Reported February 24, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$666M	—	$701M	—	-4.9%
Op. Income	$120M	—	$140M	—	-13.8%
Gross Margin	87.2%	—	81.3%	—	5.9pp
Net Margin	13.4%	—	14.0%	—	-0.6pp
EPS (Diluted)	$2.20	—	$2.38	—	-7.6%
Free Cash Flow	$123M	—	$113M	—	8.7%

Revenue Flow

Item	Amount
REVENUE	$666M
Cost of Revenue	$85M
GROSS PROFIT	$581M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$261M
SG&A Expenses	$277M
Other Expenses	$184M
Operating Expenses	$461M
Cost & Expenses	$546M
OPERATING INCOME	$120M
Interest Income	$356M
Interest Expense	$53M
Other Income/Expenses	$0
INCOME BEFORE TAX	$120M
Income Tax Expense	$31M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$0
EBIT	$120M
EBITDA	$120M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$666M
Cost of Revenue	$85M
GROSS PROFIT	$581M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$261M
SG&A Expenses	$277M
Other Expenses	$184M
Operating Expenses	$461M
Cost & Expenses	$546M
OPERATING INCOME	$120M
Interest Income	$356M
Interest Expense	$53M
Other Income/Expenses	$0
INCOME BEFORE TAX	$120M
Income Tax Expense	$31M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$0
EBIT	$120M
EBITDA	$120M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$38M
Stock-Based Compensation	$5M
Deferred Income Tax	-$6M
Other Non-Cash Items	$53M
Change in Working Capital	-$33M
OPERATING CASH FLOW	$147M
Capital Expenditure	-$23M
Acquisitions (Net)	-$48M
Purchases of Investments	-$3.4B
Sales/Maturities of Investments	$3.3B
Other Investing Activities	-$201M
NET CASH FROM INVESTING	-$364M
Net Debt Issuance	$3M
Common Stock Repurchased	-$27M
Common Dividends Paid	-$29M
Other Financing Activities	$611M
NET CASH FROM FINANCING	$559M
FREE CASH FLOW	$123M
Net Change in Cash	$342M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$0
Net Receivables	$65M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$218M
Goodwill	$131M
Intangible Assets	$47M
Long-Term Investments	$9.2B
Tax Assets	$0
Other Non-Current Assets	$453M
TOTAL NON-CURRENT ASSETS	$10.1B
TOTAL ASSETS	$11.7B
Account Payables	$0
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$8.5B
TOTAL CURRENT LIABILITIES	$10.6B
Long-Term Debt	$25M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$48M
TOTAL LIABILITIES	$10.6B
Common Stock	$55M
Additional Paid-In Capital	$713M
Retained Earnings	$563M
Treasury Stock	-$355M
Accum. Other Comp. Income	$40M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$11.7B
Total Debt	$2.0B
Net Debt	$467M