UMBF FY 2013 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2013 Earnings

Reported February 25, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$808M	—	$728M	—	10.9%
Op. Income	$260M	—	$170M	—	52.6%
Gross Margin	90.6%	—	94.9%	—	-4.3pp
Net Margin	16.6%	—	16.8%	—	-0.3pp
EPS (Diluted)	$3.20	—	$3.04	—	5.3%
Free Cash Flow	$257M	—	$180M	—	42.9%

Revenue Flow

Item	Amount
REVENUE	$808M
Cost of Revenue	$33M
GROSS PROFIT	$731M
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$369M
SG&A Expenses	$392M
Other Expenses	$155M
Operating Expenses	$547M
Cost & Expenses	$548M
OPERATING INCOME	$260M
Interest Income	$348M
Interest Expense	$15M
Other Income/Expenses	-$75M
INCOME BEFORE TAX	$183M
Income Tax Expense	$50M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$134M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$134M
D&A	$44M
EBIT	$184M
EBITDA	$229M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$808M
Cost of Revenue	$33M
GROSS PROFIT	$731M
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$369M
SG&A Expenses	$392M
Other Expenses	$155M
Operating Expenses	$547M
Cost & Expenses	$548M
OPERATING INCOME	$260M
Interest Income	$348M
Interest Expense	$15M
Other Income/Expenses	-$75M
INCOME BEFORE TAX	$183M
Income Tax Expense	$50M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$134M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$134M
D&A	$44M
EBIT	$184M
EBITDA	$229M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$134M
Depreciation & Amortization	$44M
Stock-Based Compensation	$8M
Deferred Income Tax	-$5M
Other Non-Cash Items	$72M
Change in Working Capital	$42M
OPERATING CASH FLOW	$295M
Capital Expenditure	-$38M
Acquisitions (Net)	$26M
Purchases of Investments	-$2.4B
Sales/Maturities of Investments	$2.2B
Other Investing Activities	-$850M
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	-$717.0K
Common Stock Repurchased	-$4M
Common Dividends Paid	-$36M
Other Financing Activities	$1.8B
NET CASH FROM FINANCING	$1.9B
FREE CASH FLOW	$257M
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.6B
Short-Term Investments	$6.8B
Net Receivables	$102M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$9.4B
PP&E (Net)	$222M
Goodwill	$210M
Intangible Assets	$83M
Long-Term Investments	$6.6B
Tax Assets	$0
Other Non-Current Assets	$285M
TOTAL NON-CURRENT ASSETS	$7.4B
TOTAL ASSETS	$16.9B
Account Payables	$0
Short-Term Debt	$1.6B
Deferred Revenue	$0
Other Current Liabilities	$13.6B
TOTAL CURRENT LIABILITIES	$15.4B
Long-Term Debt	$5M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$28M
TOTAL LIABILITIES	$15.4B
Common Stock	$55M
Additional Paid-In Capital	$882M
Retained Earnings	$885M
Treasury Stock	-$283M
Accum. Other Comp. Income	-$33M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$16.9B
Total Debt	$1.6B
Net Debt	-$1.0B