UMBF FY 2016 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2016 Earnings

Reported February 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$869M	—	$745M	—	16.6%
Op. Income	$199M	—	$128M	—	54.8%
Gross Margin	93.1%	—	95.4%	—	-2.4pp
Net Margin	18.3%	—	15.6%	—	2.7pp
EPS (Diluted)	$3.22	—	$2.44	—	32.0%
Free Cash Flow	$246M	—	$157M	—	56.2%

Revenue Flow

Item	Amount
REVENUE	$869M
Cost of Revenue	$60M
GROSS PROFIT	$809M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$423M
SG&A Expenses	$444M
Other Expenses	$166M
Operating Expenses	$610M
Cost & Expenses	$670M
OPERATING INCOME	$199M
Interest Income	$523M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$199M
Income Tax Expense	$45M
Net Income from Continuing Ops	$154M
Net Income from Discontinued Ops	$5M
Other Adjustments	$0
NET INCOME	$159M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$159M
D&A	$55M
EBIT	$199M
EBITDA	$253M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$869M
Cost of Revenue	$60M
GROSS PROFIT	$809M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$423M
SG&A Expenses	$444M
Other Expenses	$166M
Operating Expenses	$610M
Cost & Expenses	$670M
OPERATING INCOME	$199M
Interest Income	$523M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$199M
Income Tax Expense	$45M
Net Income from Continuing Ops	$154M
Net Income from Discontinued Ops	$5M
Other Adjustments	$0
NET INCOME	$159M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$159M
D&A	$55M
EBIT	$199M
EBITDA	$253M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$159M
Depreciation & Amortization	$55M
Stock-Based Compensation	$12M
Deferred Income Tax	$3M
Other Non-Cash Items	$59M
Change in Working Capital	$9M
OPERATING CASH FLOW	$296M
Capital Expenditure	-$51M
Acquisitions (Net)	$0
Purchases of Investments	-$3.0B
Sales/Maturities of Investments	$2.8B
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	-$15M
Common Stock Repurchased	-$16M
Common Dividends Paid	-$49M
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	$246M
Net Change in Cash	$245M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$6.5B
Net Receivables	$139M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.7B
PP&E (Net)	$233M
Goodwill	$181M
Intangible Assets	$82M
Long-Term Investments	$11.7B
Tax Assets	$0
Other Non-Current Assets	$789M
TOTAL NON-CURRENT ASSETS	$12.9B
TOTAL ASSETS	$20.7B
Account Payables	$0
Short-Term Debt	$1.9B
Deferred Revenue	$0
Other Current Liabilities	$16.6B
TOTAL CURRENT LIABILITIES	$18.6B
Long-Term Debt	$77M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$120M
TOTAL LIABILITIES	$18.7B
Common Stock	$55M
Additional Paid-In Capital	$1.0B
Retained Earnings	$1.1B
Treasury Stock	-$211M
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$20.7B
Total Debt	$1.9B
Net Debt	$796M