UMBF FY 2020 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2020 Earnings

Reported March 1, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	6.2%
Op. Income	$339M	—	$286M	—	18.5%
Gross Margin	84.0%	—	81.6%	—	2.4pp
Net Margin	22.1%	—	20.0%	—	2.1pp
EPS (Diluted)	$5.93	—	$4.96	—	19.6%
Free Cash Flow	$313M	—	$268M	—	17.1%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$208M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$521M
SG&A Expenses	$536M
Other Expenses	$213M
Operating Expenses	$749M
Cost & Expenses	$957M
OPERATING INCOME	$339M
Interest Income	$808M
Interest Expense	$77M
Other Income/Expenses	$0
INCOME BEFORE TAX	$339M
Income Tax Expense	$52M
Net Income from Continuing Ops	$287M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$287M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$287M
D&A	$63M
EBIT	$339M
EBITDA	$402M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$208M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$521M
SG&A Expenses	$536M
Other Expenses	$213M
Operating Expenses	$749M
Cost & Expenses	$957M
OPERATING INCOME	$339M
Interest Income	$808M
Interest Expense	$77M
Other Income/Expenses	$0
INCOME BEFORE TAX	$339M
Income Tax Expense	$52M
Net Income from Continuing Ops	$287M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$287M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$287M
D&A	$63M
EBIT	$339M
EBITDA	$402M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$287M
Depreciation & Amortization	$63M
Stock-Based Compensation	$15M
Deferred Income Tax	-$5M
Other Non-Cash Items	$65M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$374M
Capital Expenditure	-$60M
Acquisitions (Net)	$24.0K
Purchases of Investments	-$4.6B
Sales/Maturities of Investments	$3.0B
Other Investing Activities	-$2.9B
NET CASH FROM INVESTING	-$4.5B
Net Debt Issuance	$617M
Common Stock Repurchased	-$64M
Common Dividends Paid	-$60M
Other Financing Activities	$5.4B
NET CASH FROM FINANCING	$5.9B
FREE CASH FLOW	$313M
Net Change in Cash	$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.5B
Short-Term Investments	$9.3B
Net Receivables	$329M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$13.2B
PP&E (Net)	$229M
Goodwill	$181M
Intangible Assets	$85M
Long-Term Investments	$17.0B
Tax Assets	$0
Other Non-Current Assets	$2.5B
TOTAL NON-CURRENT ASSETS	$20.0B
TOTAL ASSETS	$33.1B
Account Payables	$0
Short-Term Debt	$2.3B
Deferred Revenue	$0
Other Current Liabilities	$27.1B
TOTAL CURRENT LIABILITIES	$29.7B
Long-Term Debt	$270M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$155M
TOTAL NON-CURRENT LIABILITIES	$424M
TOTAL LIABILITIES	$30.1B
Common Stock	$55M
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.9B
Treasury Stock	-$338M
Accum. Other Comp. Income	$318M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$0
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$33.1B
Total Debt	$2.6B
Net Debt	-$956M