UMBF FY 2012 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2012 Earnings

Reported February 25, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$728M	—	$692M	—	5.2%
Op. Income	$170M	—	$146M	—	16.3%
Gross Margin	94.9%	—	92.9%	—	2.0pp
Net Margin	16.8%	—	15.4%	—	1.5pp
EPS (Diluted)	$3.04	—	$2.64	—	15.2%
Free Cash Flow	$180M	—	$177M	—	1.3%

Revenue Flow

Item	Amount
REVENUE	$728M
Cost of Revenue	$37M
GROSS PROFIT	$691M
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$350M
SG&A Expenses	$375M
Other Expenses	$146M
Operating Expenses	$521M
Cost & Expenses	$558M
OPERATING INCOME	$170M
Interest Income	$340M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$170M
Income Tax Expense	$48M
Net Income from Continuing Ops	$123M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$41M
EBIT	$170M
EBITDA	$211M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$728M
Cost of Revenue	$37M
GROSS PROFIT	$691M
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$350M
SG&A Expenses	$375M
Other Expenses	$146M
Operating Expenses	$521M
Cost & Expenses	$558M
OPERATING INCOME	$170M
Interest Income	$340M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$170M
Income Tax Expense	$48M
Net Income from Continuing Ops	$123M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$41M
EBIT	$170M
EBITDA	$211M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$123M
Depreciation & Amortization	$41M
Stock-Based Compensation	$7M
Deferred Income Tax	$4M
Other Non-Cash Items	$56M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$224M
Capital Expenditure	-$44M
Acquisitions (Net)	$18M
Purchases of Investments	-$3.6B
Sales/Maturities of Investments	$2.7B
Other Investing Activities	-$632M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	-$13M
Common Stock Repurchased	-$20M
Common Dividends Paid	-$34M
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$180M
Net Change in Cash	-$93M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$6.9B
Net Receivables	$89M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.4B
PP&E (Net)	$226M
Goodwill	$210M
Intangible Assets	$88M
Long-Term Investments	$5.7B
Tax Assets	$0
Other Non-Current Assets	$275M
TOTAL NON-CURRENT ASSETS	$6.5B
TOTAL ASSETS	$14.9B
Account Payables	$0
Short-Term Debt	$1.8B
Deferred Revenue	$0
Other Current Liabilities	$11.7B
TOTAL CURRENT LIABILITIES	$13.6B
Long-Term Debt	$6M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$25M
TOTAL LIABILITIES	$13.6B
Common Stock	$55M
Additional Paid-In Capital	$732M
Retained Earnings	$787M
Treasury Stock	-$380M
Accum. Other Comp. Income	$86M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$14.9B
Total Debt	$1.8B
Net Debt	$405M