ZION FY 2020 Earnings Report — Zions Bancorporation, National Association Revenue & Financial Results | Market Cap Arena

Zions Bancorporation, National AssociationZION

FY 2020 Earnings

Reported February 25, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.9B	—	$3.2B	—	-9.3%
Op. Income	$672M	—	$1.1B	—	-36.2%
Gross Margin	80.8%	—	86.1%	—	-5.4pp
Net Margin	18.3%	—	25.1%	—	-6.8pp
EPS (Diluted)	$3.03	—	$4.16	—	-27.2%
Free Cash Flow	$548M	—	$580M	—	-5.5%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$566M
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$61M
General & Administrative	$1.1B
SG&A Expenses	$1.2B
Other Expenses	$524M
Operating Expenses	$1.7B
Cost & Expenses	$2.3B
OPERATING INCOME	$672M
Interest Income	$2.4B
Interest Expense	$152M
Other Income/Expenses	$0
INCOME BEFORE TAX	$672M
Income Tax Expense	$133M
Net Income from Continuing Ops	$539M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$539M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$501M
D&A	$86M
EBIT	$672M
EBITDA	$758M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$566M
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$61M
General & Administrative	$1.1B
SG&A Expenses	$1.2B
Other Expenses	$524M
Operating Expenses	$1.7B
Cost & Expenses	$2.3B
OPERATING INCOME	$672M
Interest Income	$2.4B
Interest Expense	$152M
Other Income/Expenses	$0
INCOME BEFORE TAX	$672M
Income Tax Expense	$133M
Net Income from Continuing Ops	$539M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$539M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$501M
D&A	$86M
EBIT	$672M
EBITDA	$758M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$539M
Depreciation & Amortization	$86M
Stock-Based Compensation	$26M
Deferred Income Tax	-$58M
Other Non-Cash Items	$385M
Change in Working Capital	-$259M
OPERATING CASH FLOW	$719M
Capital Expenditure	-$171M
Acquisitions (Net)	$0
Purchases of Investments	-$12.2B
Sales/Maturities of Investments	$4.8B
Other Investing Activities	-$4.6B
NET CASH FROM INVESTING	-$12.2B
Net Debt Issuance	-$910M
Common Stock Repurchased	-$76M
Common Dividends Paid	-$259M
Other Financing Activities	$12.6B
NET CASH FROM FINANCING	$11.3B
FREE CASH FLOW	$548M
Net Change in Cash	-$162M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$15.7B
Net Receivables	$320M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$17.7B
PP&E (Net)	$1.2B
Goodwill	$1.0B
Intangible Assets	$2M
Long-Term Investments	$53.4B
Tax Assets	$0
Other Non-Current Assets	$8.2B
TOTAL NON-CURRENT ASSETS	$63.8B
TOTAL ASSETS	$81.5B
Account Payables	$0
Short-Term Debt	$1.6B
Deferred Revenue	$0
Other Current Liabilities	$69.7B
TOTAL CURRENT LIABILITIES	$71.2B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.0B
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$73.6B
Common Stock	$2.7B
Additional Paid-In Capital	$0
Retained Earnings	$4.3B
Treasury Stock	$0
Accum. Other Comp. Income	$325M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.9B
Minority Interest	$0
TOTAL EQUITY	$7.9B
TOTAL LIABILITIES & EQUITY	$81.5B
Total Debt	$2.9B
Net Debt	$1.3B