ZION FY 2018 Earnings Report — Zions Bancorporation, National Association Revenue & Financial Results | Market Cap Arena

Zions Bancorporation, National AssociationZION

FY 2018 Earnings

Reported February 25, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$3.0B	—	$2.7B	—	10.9%
Op. Income	$1.1B	—	$936M	—	22.1%
Gross Margin	93.0%	—	94.7%	—	-1.7pp
Net Margin	29.1%	—	21.6%	—	7.5pp
EPS (Diluted)	$4.08	—	$2.60	—	56.9%
Free Cash Flow	$1.0B	—	$759M	—	37.9%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$211M
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$535M
Operating Expenses	$1.7B
Cost & Expenses	$1.9B
OPERATING INCOME	$1.1B
Interest Income	$2.5B
Interest Expense	$251M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$259M
Net Income from Continuing Ops	$884M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$884M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$843M
D&A	$193M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$211M
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$535M
Operating Expenses	$1.7B
Cost & Expenses	$1.9B
OPERATING INCOME	$1.1B
Interest Income	$2.5B
Interest Expense	$251M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$259M
Net Income from Continuing Ops	$884M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$884M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$843M
D&A	$193M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$884M
Depreciation & Amortization	$193M
Stock-Based Compensation	$26M
Deferred Income Tax	$0
Other Non-Cash Items	-$66M
Change in Working Capital	$139M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$129M
Acquisitions (Net)	$0
Purchases of Investments	-$4.1B
Sales/Maturities of Investments	$3.4B
Other Investing Activities	-$1.9B
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$1.0B
Common Stock Repurchased	-$672M
Common Dividends Paid	-$236M
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	$1.6B
FREE CASH FLOW	$1.0B
Net Change in Cash	$66M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$14.7B
Net Receivables	$327M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$16.3B
PP&E (Net)	$1.1B
Goodwill	$1.0B
Intangible Assets	$1M
Long-Term Investments	$47.1B
Tax Assets	$0
Other Non-Current Assets	$3.2B
TOTAL NON-CURRENT ASSETS	$52.4B
TOTAL ASSETS	$68.7B
Account Payables	$0
Short-Term Debt	$5.7B
Deferred Revenue	$0
Other Current Liabilities	$54.1B
TOTAL CURRENT LIABILITIES	$59.8B
Long-Term Debt	$724M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$690M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$61.2B
Common Stock	$3.8B
Additional Paid-In Capital	$3.8B
Retained Earnings	$3.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$4.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.6B
Minority Interest	$0
TOTAL EQUITY	$7.6B
TOTAL LIABILITIES & EQUITY	$68.7B
Total Debt	$6.4B
Net Debt	$5.1B