UMBF FY 2018 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2018 Earnings

Reported March 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.1B	—	$979M	—	9.2%
Op. Income	$224M	—	$236M	—	-5.4%
Gross Margin	82.0%	—	89.9%	—	-7.9pp
Net Margin	18.3%	—	25.2%	—	-7.0pp
EPS (Diluted)	$3.93	—	$4.96	—	-20.8%
Free Cash Flow	$238M	—	$290M	—	-18.0%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$192M
GROSS PROFIT	$877M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$448M
SG&A Expenses	$472M
Other Expenses	$181M
Operating Expenses	$653M
Cost & Expenses	$846M
OPERATING INCOME	$224M
Interest Income	$732M
Interest Expense	$122M
Other Income/Expenses	$0
INCOME BEFORE TAX	$224M
Income Tax Expense	$27M
Net Income from Continuing Ops	$196M
Net Income from Discontinued Ops	-$747.0K
Other Adjustments	$0
NET INCOME	$196M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$196M
D&A	$53M
EBIT	$224M
EBITDA	$277M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$192M
GROSS PROFIT	$877M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$448M
SG&A Expenses	$472M
Other Expenses	$181M
Operating Expenses	$653M
Cost & Expenses	$846M
OPERATING INCOME	$224M
Interest Income	$732M
Interest Expense	$122M
Other Income/Expenses	$0
INCOME BEFORE TAX	$224M
Income Tax Expense	$27M
Net Income from Continuing Ops	$196M
Net Income from Discontinued Ops	-$747.0K
Other Adjustments	$0
NET INCOME	$196M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$196M
D&A	$53M
EBIT	$224M
EBITDA	$277M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$196M
Depreciation & Amortization	$53M
Stock-Based Compensation	$11M
Deferred Income Tax	-$20M
Other Non-Cash Items	$100M
Change in Working Capital	-$44M
OPERATING CASH FLOW	$296M
Capital Expenditure	-$58M
Acquisitions (Net)	-$9M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$0
Common Stock Repurchased	-$77M
Common Dividends Paid	-$58M
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$238M
Net Change in Cash	-$42M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$6.5B
Net Receivables	$115M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.4B
PP&E (Net)	$228M
Goodwill	$181M
Intangible Assets	$71M
Long-Term Investments	$13.3B
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$15.0B
TOTAL ASSETS	$23.4B
Account Payables	$0
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	$19.3B
TOTAL CURRENT LIABILITIES	$21.0B
Long-Term Debt	$83M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$62M
TOTAL NON-CURRENT LIABILITIES	$145M
TOTAL LIABILITIES	$21.1B
Common Stock	$55M
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.5B
Treasury Stock	-$274M
Accum. Other Comp. Income	-$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$23.4B
Total Debt	$1.6B
Net Debt	-$91M