UMBF FY 2022 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

FY 2022 Earnings

Reported February 23, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.2B	—	27.5%
Op. Income	$532M	—	$429M	—	24.0%
Gross Margin	83.5%	—	94.7%	—	-11.2pp
Net Margin	27.3%	—	28.4%	—	-1.2pp
EPS (Diluted)	$8.86	—	$7.24	—	22.4%
Free Cash Flow	$718M	—	$500M	—	43.5%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$262M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$524M
SG&A Expenses	$550M
Other Expenses	$239M
Operating Expenses	$790M
Cost & Expenses	$1.1B
OPERATING INCOME	$532M
Interest Income	$1.1B
Interest Expense	$224M
Other Income/Expenses	$0
INCOME BEFORE TAX	$532M
Income Tax Expense	$100M
Net Income from Continuing Ops	$432M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$432M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$432M
D&A	$54M
EBIT	$532M
EBITDA	$586M
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$262M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$524M
SG&A Expenses	$550M
Other Expenses	$239M
Operating Expenses	$790M
Cost & Expenses	$1.1B
OPERATING INCOME	$532M
Interest Income	$1.1B
Interest Expense	$224M
Other Income/Expenses	$0
INCOME BEFORE TAX	$532M
Income Tax Expense	$100M
Net Income from Continuing Ops	$432M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$432M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$432M
D&A	$54M
EBIT	$532M
EBITDA	$586M
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$432M
Depreciation & Amortization	$54M
Stock-Based Compensation	$21M
Deferred Income Tax	-$6M
Other Non-Cash Items	$37M
Change in Working Capital	$232M
OPERATING CASH FLOW	$770M
Capital Expenditure	-$52M
Acquisitions (Net)	$549M
Purchases of Investments	-$2.3B
Sales/Maturities of Investments	$1.6B
Other Investing Activities	-$3.7B
NET CASH FROM INVESTING	-$3.8B
Net Debt Issuance	$110M
Common Stock Repurchased	-$32M
Common Dividends Paid	-$72M
Other Financing Activities	-$4.6B
NET CASH FROM FINANCING	-$4.6B
FREE CASH FLOW	$718M
Net Change in Cash	-$7.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$7.0B
Net Receivables	$493M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$9.2B
PP&E (Net)	$218M
Goodwill	$207M
Intangible Assets	$124M
Long-Term Investments	$26.7B
Tax Assets	$0
Other Non-Current Assets	$2.1B
TOTAL NON-CURRENT ASSETS	$29.3B
TOTAL ASSETS	$38.5B
Account Payables	$0
Short-Term Debt	$2.2B
Deferred Revenue	$0
Other Current Liabilities	$32.6B
TOTAL CURRENT LIABILITIES	$35.1B
Long-Term Debt	$381M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$363M
TOTAL NON-CURRENT LIABILITIES	$744M
TOTAL LIABILITIES	$35.8B
Common Stock	$55M
Additional Paid-In Capital	$1.1B
Retained Earnings	$2.5B
Treasury Stock	-$347M
Accum. Other Comp. Income	-$703M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$38.5B
Total Debt	$2.6B
Net Debt	$924M