ZION FY 2011 Earnings Report — Zions Bancorporation, National Association Revenue & Financial Results | Market Cap Arena

Zions Bancorporation, National AssociationZION

FY 2011 Earnings

Reported February 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$2.7B	—	—	—	—
Op. Income	$521M	—	—	—	—
Gross Margin	81.1%	—	—	—	—
Net Margin	12.1%	—	—	—	—
EPS (Diluted)	$0.83	—	—	—	—
Free Cash Flow	$991M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$507M
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$27M
General & Administrative	$938M
SG&A Expenses	$965M
Other Expenses	$693M
Operating Expenses	$1.7B
Cost & Expenses	$2.2B
OPERATING INCOME	$521M
Interest Income	$2.2B
Interest Expense	$432M
Other Income/Expenses	$0
INCOME BEFORE TAX	$521M
Income Tax Expense	$199M
Net Income from Continuing Ops	$323M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$324M
Net Income Deductions	-$41.0K
BOTTOM LINE NET INCOME	$152M
D&A	$240M
EBIT	$521M
EBITDA	$762M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$507M
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$27M
General & Administrative	$938M
SG&A Expenses	$965M
Other Expenses	$693M
Operating Expenses	$1.7B
Cost & Expenses	$2.2B
OPERATING INCOME	$521M
Interest Income	$2.2B
Interest Expense	$432M
Other Income/Expenses	$0
INCOME BEFORE TAX	$521M
Income Tax Expense	$199M
Net Income from Continuing Ops	$323M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$324M
Net Income Deductions	-$41.0K
BOTTOM LINE NET INCOME	$152M
D&A	$240M
EBIT	$521M
EBITDA	$762M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$323M
Depreciation & Amortization	$240M
Stock-Based Compensation	$0
Deferred Income Tax	$116M
Other Non-Cash Items	$158M
Change in Working Capital	$232M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$78M
Acquisitions (Net)	$0
Purchases of Investments	-$3.9B
Sales/Maturities of Investments	$2.3B
Other Investing Activities	-$786M
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	-$111M
Common Stock Repurchased	$0
Common Dividends Paid	-$156M
Other Financing Activities	$1.9B
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	$991M
Net Change in Cash	$300M

Balance Sheet

Item	Amount
Cash & Equivalents	$8.2B
Short-Term Investments	$3.2B
Net Receivables	$380M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$11.9B
PP&E (Net)	$719M
Goodwill	$1.0B
Intangible Assets	$68M
Long-Term Investments	$38.6B
Tax Assets	$0
Other Non-Current Assets	$925M
TOTAL NON-CURRENT ASSETS	$41.3B
TOTAL ASSETS	$53.1B
Account Payables	$0
Short-Term Debt	$723M
Deferred Revenue	$0
Other Current Liabilities	$42.9B
TOTAL CURRENT LIABILITIES	$43.6B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$613M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$46.2B
Common Stock	$4.2B
Additional Paid-In Capital	$4.2B
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$4.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.0B
Minority Interest	-$2M
TOTAL EQUITY	$7.0B
TOTAL LIABILITIES & EQUITY	$53.1B
Total Debt	$2.7B
Net Debt	-$5.6B