UMBF FY 2011 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2011 Earnings

Reported February 28, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$692M	—	$645M	—	7.4%
Op. Income	$146M	—	$127M	—	15.4%
Gross Margin	92.9%	—	89.5%	—	3.4pp
Net Margin	15.4%	—	14.1%	—	1.3pp
EPS (Diluted)	$2.64	—	$2.26	—	16.8%
Free Cash Flow	$177M	—	$147M	—	20.4%

Revenue Flow

Item	Amount
REVENUE	$692M
Cost of Revenue	$49M
GROSS PROFIT	$644M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$327M
SG&A Expenses	$347M
Other Expenses	$150M
Operating Expenses	$497M
Cost & Expenses	$546M
OPERATING INCOME	$146M
Interest Income	$344M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$146M
Income Tax Expense	$40M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$43M
EBIT	$146M
EBITDA	$189M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$692M
Cost of Revenue	$49M
GROSS PROFIT	$644M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$327M
SG&A Expenses	$347M
Other Expenses	$150M
Operating Expenses	$497M
Cost & Expenses	$546M
OPERATING INCOME	$146M
Interest Income	$344M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$146M
Income Tax Expense	$40M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$43M
EBIT	$146M
EBITDA	$189M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$106M
Depreciation & Amortization	$43M
Stock-Based Compensation	$7M
Deferred Income Tax	-$197.0K
Other Non-Cash Items	$40M
Change in Working Capital	$17M
OPERATING CASH FLOW	$213M
Capital Expenditure	-$36M
Acquisitions (Net)	-$8M
Purchases of Investments	-$3.0B
Sales/Maturities of Investments	$2.6B
Other Investing Activities	-$218M
NET CASH FROM INVESTING	-$722M
Net Debt Issuance	-$26M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$32M
Other Financing Activities	$1.0B
NET CASH FROM FINANCING	$935M
FREE CASH FLOW	$177M
Net Change in Cash	$426M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$6.1B
Net Receivables	$80M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.8B
PP&E (Net)	$211M
Goodwill	$211M
Intangible Assets	$101M
Long-Term Investments	$5.0B
Tax Assets	$0
Other Non-Current Assets	$236M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$13.5B
Account Payables	$0
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$10.2B
TOTAL CURRENT LIABILITIES	$12.3B
Long-Term Debt	$7M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$31M
TOTAL LIABILITIES	$12.4B
Common Stock	$55M
Additional Paid-In Capital	$723M
Retained Earnings	$698M
Treasury Stock	-$366M
Accum. Other Comp. Income	$81M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$13.5B
Total Debt	$2.0B
Net Debt	$359M