UMBF Q3 2018 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

Q3 2018 Earnings

Reported October 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$269M	$261M	$246M	3.1%	9.5%
Op. Income	$65M	$66M	$62M	-1.6%	5.5%
Gross Margin	85.0%	87.3%	88.4%	-2.3pp	-3.4pp
Net Margin	21.5%	21.2%	19.6%	0.3pp	1.9pp
EPS (Diluted)	$1.16	$1.11	$0.97	4.5%	19.6%
Free Cash Flow	$111M	$66M	$112M	68.5%	-0.8%

Revenue Flow

Item	Amount
REVENUE	$269M
Cost of Revenue	$40M
GROSS PROFIT	$229M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$111M
SG&A Expenses	$117M
Other Expenses	$46M
Operating Expenses	$164M
Cost & Expenses	$204M
OPERATING INCOME	$65M
Interest Income	$185M
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$65M
Income Tax Expense	$7M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$13M
EBIT	$65M
EBITDA	$78M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$269M
Cost of Revenue	$40M
GROSS PROFIT	$229M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$111M
SG&A Expenses	$117M
Other Expenses	$46M
Operating Expenses	$164M
Cost & Expenses	$204M
OPERATING INCOME	$65M
Interest Income	$185M
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$65M
Income Tax Expense	$7M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$13M
EBIT	$65M
EBITDA	$78M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$13M
Stock-Based Compensation	$3M
Deferred Income Tax	$12M
Other Non-Cash Items	$3M
Change in Working Capital	$36M
OPERATING CASH FLOW	$125M
Capital Expenditure	-$15M
Acquisitions (Net)	-$510.0K
Purchases of Investments	-$254M
Sales/Maturities of Investments	$296M
Other Investing Activities	-$483M
NET CASH FROM INVESTING	-$457M
Net Debt Issuance	-$416.0K
Common Stock Repurchased	-$20M
Common Dividends Paid	-$14M
Other Financing Activities	$879M
NET CASH FROM FINANCING	$844M
FREE CASH FLOW	$111M
Net Change in Cash	$512M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$5.9B
Net Receivables	$110M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.1B
PP&E (Net)	$277M
Goodwill	$181M
Intangible Assets	$16M
Long-Term Investments	$13.1B
Tax Assets	$0
Other Non-Current Assets	$804M
TOTAL NON-CURRENT ASSETS	$14.4B
TOTAL ASSETS	$21.5B
Account Payables	$0
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	$17.7B
TOTAL CURRENT LIABILITIES	$19.1B
Long-Term Debt	$79M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$79M
TOTAL NON-CURRENT LIABILITIES	$158M
TOTAL LIABILITIES	$19.3B
Common Stock	$55M
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.5B
Treasury Stock	-$228M
Accum. Other Comp. Income	-$156M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$21.5B
Total Debt	$1.3B
Net Debt	$254M