UMBF FY 2014 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$787M	—	$808M	—	-2.6%
Op. Income	$258M	—	$260M	—	-0.6%
Gross Margin	96.1%	—	90.6%	—	5.5pp
Net Margin	15.3%	—	16.6%	—	-1.3pp
EPS (Diluted)	$2.65	—	$3.20	—	-17.2%
Free Cash Flow	$199M	—	$257M	—	-22.5%

Revenue Flow

Item	Amount
REVENUE	$787M
Cost of Revenue	$31M
GROSS PROFIT	$756M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$389M
SG&A Expenses	$414M
Other Expenses	$176M
Operating Expenses	$590M
Cost & Expenses	$621M
OPERATING INCOME	$258M
Interest Income	$364M
Interest Expense	$14M
Other Income/Expenses	-$92M
INCOME BEFORE TAX	$166M
Income Tax Expense	$45M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$0
EBIT	$165M
EBITDA	$178M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$787M
Cost of Revenue	$31M
GROSS PROFIT	$756M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$389M
SG&A Expenses	$414M
Other Expenses	$176M
Operating Expenses	$590M
Cost & Expenses	$621M
OPERATING INCOME	$258M
Interest Income	$364M
Interest Expense	$14M
Other Income/Expenses	-$92M
INCOME BEFORE TAX	$166M
Income Tax Expense	$45M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$0
EBIT	$165M
EBITDA	$178M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$121M
Depreciation & Amortization	$46M
Stock-Based Compensation	$10M
Deferred Income Tax	-$11M
Other Non-Cash Items	$61M
Change in Working Capital	$19M
OPERATING CASH FLOW	$246M
Capital Expenditure	-$45M
Acquisitions (Net)	-$18M
Purchases of Investments	-$2.0B
Sales/Maturities of Investments	$1.8B
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$4M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$41M
Other Financing Activities	$434M
NET CASH FROM FINANCING	$390M
FREE CASH FLOW	$199M
Net Change in Cash	-$795M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$6.9B
Net Receivables	$118M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$9.0B
PP&E (Net)	$220M
Goodwill	$210M
Intangible Assets	$82M
Long-Term Investments	$7.7B
Tax Assets	$0
Other Non-Current Assets	$278M
TOTAL NON-CURRENT ASSETS	$8.5B
TOTAL ASSETS	$17.5B
Account Payables	$0
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$13.6B
TOTAL CURRENT LIABILITIES	$15.8B
Long-Term Debt	$9M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$35M
TOTAL LIABILITIES	$15.9B
Common Stock	$55M
Additional Paid-In Capital	$895M
Retained Earnings	$964M
Treasury Stock	-$281M
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$17.5B
Total Debt	$2.0B
Net Debt	$50M