UMBF Q4 2016 Earnings Report — UMB Financial Corporation Revenue & Financial Results | Market Cap Arena

UMB Financial CorporationUMBF

Q4 2016 Earnings

Reported February 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$240M	$221M	—	8.2%	—
Op. Income	$54M	$50M	—	7.7%	—
Gross Margin	93.7%	90.8%	—	2.9pp	—
Net Margin	17.9%	18.9%	—	-1.0pp	—
EPS (Diluted)	$0.87	$0.85	—	2.4%	—
Free Cash Flow	$115M	$66M	—	74.3%	—

Revenue Flow

Item	Amount
REVENUE	$240M
Cost of Revenue	$15M
GROSS PROFIT	$225M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$116M
SG&A Expenses	$122M
Other Expenses	$48M
Operating Expenses	$171M
Cost & Expenses	$186M
OPERATING INCOME	$54M
Interest Income	$139M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$11M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$14M
EBIT	$54M
EBITDA	$68M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$240M
Cost of Revenue	$15M
GROSS PROFIT	$225M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$116M
SG&A Expenses	$122M
Other Expenses	$48M
Operating Expenses	$171M
Cost & Expenses	$186M
OPERATING INCOME	$54M
Interest Income	$139M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$11M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$14M
EBIT	$54M
EBITDA	$68M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$14M
Stock-Based Compensation	$3M
Deferred Income Tax	$2M
Other Non-Cash Items	$43M
Change in Working Capital	$22M
OPERATING CASH FLOW	$127M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	-$984M
Sales/Maturities of Investments	$511M
Other Investing Activities	-$309M
NET CASH FROM INVESTING	-$794M
Net Debt Issuance	$1M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$13M
Other Financing Activities	$1.0B
NET CASH FROM FINANCING	$1.0B
FREE CASH FLOW	$115M
Net Change in Cash	$353M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$6.5B
Net Receivables	$139M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.7B
PP&E (Net)	$233M
Goodwill	$181M
Intangible Assets	$82M
Long-Term Investments	$11.7B
Tax Assets	$0
Other Non-Current Assets	$789M
TOTAL NON-CURRENT ASSETS	$12.9B
TOTAL ASSETS	$20.7B
Account Payables	$0
Short-Term Debt	$1.9B
Deferred Revenue	$0
Other Current Liabilities	$16.6B
TOTAL CURRENT LIABILITIES	$18.6B
Long-Term Debt	$77M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$120M
TOTAL LIABILITIES	$18.7B
Common Stock	$55M
Additional Paid-In Capital	$1.0B
Retained Earnings	$1.1B
Treasury Stock	-$211M
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$20.7B
Total Debt	$1.9B
Net Debt	$796M