AUB FY 2010 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2010 Earnings

Reported March 9, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$224M	—	$162M	—	38.4%
Op. Income	$32M	—	$9M	—	240.6%
Gross Margin	72.0%	—	58.5%	—	13.5pp
Net Margin	10.3%	—	5.2%	—	5.1pp
EPS (Diluted)	$0.83	—	$0.22	—	277.3%
Free Cash Flow	$44M	—	-$5M	—	940.5%

Revenue Flow

Item	Amount
REVENUE	$224M
Cost of Revenue	$63M
GROSS PROFIT	$161M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$82M
SG&A Expenses	$88M
Other Expenses	$42M
Operating Expenses	$129M
Cost & Expenses	$192M
OPERATING INCOME	$32M
Interest Income	$190M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$9M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$20M
EBIT	$32M
EBITDA	$52M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$224M
Cost of Revenue	$63M
GROSS PROFIT	$161M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$82M
SG&A Expenses	$88M
Other Expenses	$42M
Operating Expenses	$129M
Cost & Expenses	$192M
OPERATING INCOME	$32M
Interest Income	$190M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$9M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$20M
EBIT	$32M
EBITDA	$52M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$20M
Stock-Based Compensation	$778.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$24M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$46M
Capital Expenditure	-$2M
Acquisitions (Net)	$137M
Purchases of Investments	-$191M
Sales/Maturities of Investments	$233M
Other Investing Activities	-$12M
NET CASH FROM INVESTING	$165M
Net Debt Issuance	-$134M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	-$55M
NET CASH FROM FINANCING	-$196M
FREE CASH FLOW	$44M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$60M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$60M
PP&E (Net)	$91M
Goodwill	$58M
Intangible Assets	$27M
Long-Term Investments	$3.4B
Tax Assets	$0
Other Non-Current Assets	$157M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$3.8B
Account Payables	$0
Short-Term Debt	$93M
Deferred Revenue	$0
Other Current Liabilities	$3.1B
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$215M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$246M
TOTAL LIABILITIES	$3.4B
Common Stock	$35M
Additional Paid-In Capital	$186M
Retained Earnings	$170M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	-$1M
TOTAL STOCKHOLDERS' EQUITY	$428M
Minority Interest	$0
TOTAL EQUITY	$428M
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$308M
Net Debt	$248M