UMBF FY 2010 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2010 Earnings

Reported February 24, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$645M	—	$666M	—	-3.3%
Op. Income	$127M	—	$120M	—	5.3%
Gross Margin	89.5%	—	87.2%	—	2.3pp
Net Margin	14.1%	—	13.4%	—	0.7pp
EPS (Diluted)	$2.26	—	$2.20	—	2.7%
Free Cash Flow	$147M	—	$123M	—	19.6%

Revenue Flow

Item	Amount
REVENUE	$645M
Cost of Revenue	$67M
GROSS PROFIT	$577M
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$300M
SG&A Expenses	$318M
Other Expenses	$133M
Operating Expenses	$450M
Cost & Expenses	$518M
OPERATING INCOME	$127M
Interest Income	$347M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$127M
Income Tax Expense	$36M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$39M
EBIT	$127M
EBITDA	$166M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$645M
Cost of Revenue	$67M
GROSS PROFIT	$577M
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$300M
SG&A Expenses	$318M
Other Expenses	$133M
Operating Expenses	$450M
Cost & Expenses	$518M
OPERATING INCOME	$127M
Interest Income	$347M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$127M
Income Tax Expense	$36M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$39M
EBIT	$127M
EBITDA	$166M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$91M
Depreciation & Amortization	$39M
Stock-Based Compensation	$6M
Deferred Income Tax	-$13M
Other Non-Cash Items	$54M
Change in Working Capital	$3M
OPERATING CASH FLOW	$180M
Capital Expenditure	-$33M
Acquisitions (Net)	-$159M
Purchases of Investments	-$3.4B
Sales/Maturities of Investments	$2.7B
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$979M
Net Debt Issuance	-$11M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$30M
Other Financing Activities	$653M
NET CASH FROM FINANCING	$603M
FREE CASH FLOW	$147M
Net Change in Cash	-$196M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$0
Net Receivables	$77M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$220M
Goodwill	$211M
Intangible Assets	$92M
Long-Term Investments	$10.2B
Tax Assets	$0
Other Non-Current Assets	$400M
TOTAL NON-CURRENT ASSETS	$11.1B
TOTAL ASSETS	$12.4B
Account Payables	$0
Short-Term Debt	$2.1B
Deferred Revenue	$0
Other Current Liabilities	$9.0B
TOTAL CURRENT LIABILITIES	$11.3B
Long-Term Debt	$9M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$41M
TOTAL NON-CURRENT LIABILITIES	$50M
TOTAL LIABILITIES	$11.3B
Common Stock	$55M
Additional Paid-In Capital	$718M
Retained Earnings	$623M
Treasury Stock	-$361M
Accum. Other Comp. Income	$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$2.1B
Net Debt	$924M