AUB FY 2008 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2008 Earnings

Reported March 16, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$166M	—	$166M	—	-0.3%
Op. Income	$19M	—	$26M	—	-28.5%
Gross Margin	59.4%	—	60.1%	—	-0.7pp
Net Margin	8.8%	—	11.9%	—	-3.1pp
EPS (Diluted)	$1.07	—	$1.47	—	-27.2%
Free Cash Flow	$13M	—	$2M	—	430.6%

Revenue Flow

Item	Amount
REVENUE	$166M
Cost of Revenue	$67M
GROSS PROFIT	$98M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$43M
SG&A Expenses	$43M
Other Expenses	$37M
Operating Expenses	$80M
Cost & Expenses	$147M
OPERATING INCOME	$19M
Interest Income	$135M
Interest Expense	$57M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$4M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$8M
EBIT	$19M
EBITDA	$27M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$166M
Cost of Revenue	$67M
GROSS PROFIT	$98M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$43M
SG&A Expenses	$43M
Other Expenses	$37M
Operating Expenses	$80M
Cost & Expenses	$147M
OPERATING INCOME	$19M
Interest Income	$135M
Interest Expense	$57M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$4M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$8M
EBIT	$19M
EBITDA	$27M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$8M
Stock-Based Compensation	$578.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$5M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$18M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$68M
Sales/Maturities of Investments	$37M
Other Investing Activities	-$130M
NET CASH FROM INVESTING	-$167M
Net Debt Issuance	-$79M
Common Stock Repurchased	-$254.0K
Common Dividends Paid	-$10M
Other Financing Activities	$267M
NET CASH FROM FINANCING	$239M
FREE CASH FLOW	$13M
Net Change in Cash	$90M

Balance Sheet

Item	Amount
Cash & Equivalents	$148M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$148M
PP&E (Net)	$77M
Goodwill	$56M
Intangible Assets	$10M
Long-Term Investments	$2.2B
Tax Assets	$0
Other Non-Current Assets	$73M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$2.6B
Account Payables	$0
Short-Term Debt	$123M
Deferred Revenue	$0
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$210M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$228M
TOTAL LIABILITIES	$2.3B
Common Stock	$18M
Additional Paid-In Capital	$102M
Retained Earnings	$155M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$18.0K
TOTAL STOCKHOLDERS' EQUITY	$274M
Minority Interest	$0
TOTAL EQUITY	$274M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$334M
Net Debt	$185M