UMBF FY 2019 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2019 Earnings

Reported February 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.1B	—	14.1%
Op. Income	$286M	—	$224M	—	27.9%
Gross Margin	81.6%	—	82.0%	—	-0.5pp
Net Margin	20.0%	—	18.3%	—	1.7pp
EPS (Diluted)	$4.96	—	$3.93	—	26.2%
Free Cash Flow	$268M	—	$238M	—	12.6%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$225M
GROSS PROFIT	$995M
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$492M
SG&A Expenses	$518M
Other Expenses	$191M
Operating Expenses	$709M
Cost & Expenses	$934M
OPERATING INCOME	$286M
Interest Income	$863M
Interest Expense	$192M
Other Income/Expenses	$0
INCOME BEFORE TAX	$286M
Income Tax Expense	$42M
Net Income from Continuing Ops	$244M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$244M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$244M
D&A	$56M
EBIT	$286M
EBITDA	$342M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$225M
GROSS PROFIT	$995M
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$492M
SG&A Expenses	$518M
Other Expenses	$191M
Operating Expenses	$709M
Cost & Expenses	$934M
OPERATING INCOME	$286M
Interest Income	$863M
Interest Expense	$192M
Other Income/Expenses	$0
INCOME BEFORE TAX	$286M
Income Tax Expense	$42M
Net Income from Continuing Ops	$244M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$244M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$244M
D&A	$56M
EBIT	$286M
EBITDA	$342M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$244M
Depreciation & Amortization	$56M
Stock-Based Compensation	$15M
Deferred Income Tax	-$153.0K
Other Non-Cash Items	$75M
Change in Working Capital	-$50M
OPERATING CASH FLOW	$340M
Capital Expenditure	-$72M
Acquisitions (Net)	-$18M
Purchases of Investments	-$2.5B
Sales/Maturities of Investments	$1.9B
Other Investing Activities	-$2.2B
NET CASH FROM INVESTING	-$3.0B
Net Debt Issuance	$0
Common Stock Repurchased	-$4M
Common Dividends Paid	-$59M
Other Financing Activities	$2.7B
NET CASH FROM FINANCING	$2.6B
FREE CASH FLOW	$268M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$7.4B
Net Receivables	$126M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$9.3B
PP&E (Net)	$235M
Goodwill	$181M
Intangible Assets	$93M
Long-Term Investments	$14.5B
Tax Assets	$0
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$17.3B
TOTAL ASSETS	$26.6B
Account Payables	$0
Short-Term Debt	$1.9B
Deferred Revenue	$0
Other Current Liabilities	$21.6B
TOTAL CURRENT LIABILITIES	$23.7B
Long-Term Debt	$70M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$153M
TOTAL NON-CURRENT LIABILITIES	$223M
TOTAL LIABILITIES	$24.0B
Common Stock	$55M
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.7B
Treasury Stock	-$278M
Accum. Other Comp. Income	$83M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$26.6B
Total Debt	$2.0B
Net Debt	$268M