UMBF Q3 2019 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

Q3 2019 Earnings

Reported October 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$304M	$304M	$269M	0.1%	13.1%
Op. Income	$73M	$67M	$65M	8.3%	11.9%
Gross Margin	80.8%	79.9%	85.0%	1.0pp	-4.2pp
Net Margin	20.5%	18.7%	21.5%	1.8pp	-1.0pp
EPS (Diluted)	$1.27	$1.16	$1.16	9.5%	9.5%
Free Cash Flow	$32M	$75M	$111M	-57.8%	-71.4%

Revenue Flow

Item	Amount
REVENUE	$304M
Cost of Revenue	$58M
GROSS PROFIT	$246M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$117M
SG&A Expenses	$123M
Other Expenses	$50M
Operating Expenses	$173M
Cost & Expenses	$231M
OPERATING INCOME	$73M
Interest Income	$219M
Interest Expense	$51M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$11M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$14M
EBIT	$73M
EBITDA	$87M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$304M
Cost of Revenue	$58M
GROSS PROFIT	$246M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$117M
SG&A Expenses	$123M
Other Expenses	$50M
Operating Expenses	$173M
Cost & Expenses	$231M
OPERATING INCOME	$73M
Interest Income	$219M
Interest Expense	$51M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$11M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$14M
EBIT	$73M
EBITDA	$87M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$62M
Depreciation & Amortization	$14M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	$2M
Change in Working Capital	-$28M
OPERATING CASH FLOW	$57M
Capital Expenditure	-$25M
Acquisitions (Net)	-$6M
Purchases of Investments	-$663M
Sales/Maturities of Investments	$502M
Other Investing Activities	-$324M
NET CASH FROM INVESTING	-$517M
Net Debt Issuance	$0
Common Stock Repurchased	-$221.0K
Common Dividends Paid	-$15M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$22M
FREE CASH FLOW	$32M
Net Change in Cash	-$483M

Balance Sheet

Item	Amount
Cash & Equivalents	$817M
Short-Term Investments	$7.4B
Net Receivables	$121M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.3B
PP&E (Net)	$290M
Goodwill	$181M
Intangible Assets	$17M
Long-Term Investments	$14.1B
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$15.8B
TOTAL ASSETS	$24.1B
Account Payables	$0
Short-Term Debt	$1.8B
Deferred Revenue	$0
Other Current Liabilities	$19.3B
TOTAL CURRENT LIABILITIES	$21.3B
Long-Term Debt	$87M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$169M
TOTAL NON-CURRENT LIABILITIES	$256M
TOTAL LIABILITIES	$21.6B
Common Stock	$55M
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.6B
Treasury Stock	-$278M
Accum. Other Comp. Income	$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$24.1B
Total Debt	$1.9B
Net Debt	$1.1B