AUB FY 2006 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2006 Earnings

Reported March 16, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$82M	—	—	—	—
Op. Income	$36M	—	—	—	—
Gross Margin	34.4%	—	—	—	—
Net Margin	31.6%	—	—	—	—
EPS (Diluted)	$1.94	—	—	—	—
Free Cash Flow	$13M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$82M
Cost of Revenue	$54M
GROSS PROFIT	$28M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$38M
SG&A Expenses	$38M
Other Expenses	-$45M
Operating Expenses	-$8M
Cost & Expenses	$46M
OPERATING INCOME	$36M
Interest Income	$129M
Interest Expense	$52M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$10M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$4M
EBIT	$36M
EBITDA	$40M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$82M
Cost of Revenue	$54M
GROSS PROFIT	$28M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$38M
SG&A Expenses	$38M
Other Expenses	-$45M
Operating Expenses	-$8M
Cost & Expenses	$46M
OPERATING INCOME	$36M
Interest Income	$129M
Interest Expense	$52M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$10M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$4M
EBIT	$36M
EBITDA	$40M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$4M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$10M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$34M
Capital Expenditure	-$21M
Acquisitions (Net)	-$36M
Purchases of Investments	-$162M
Sales/Maturities of Investments	$49M
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$153M
Net Debt Issuance	$94M
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	$37M
NET CASH FROM FINANCING	$125M
FREE CASH FLOW	$13M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$76M
PP&E (Net)	$63M
Goodwill	$50M
Intangible Assets	$12M
Long-Term Investments	$1.8B
Tax Assets	$0
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.1B
Account Payables	$0
Short-Term Debt	$63M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$149M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$165M
TOTAL LIABILITIES	$1.9B
Common Stock	$18M
Additional Paid-In Capital	$38M
Retained Earnings	$142M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$199M
Minority Interest	$0
TOTAL EQUITY	$199M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$212M
Net Debt	$136M