AUB FY 2011 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2011 Earnings

Reported March 14, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$223M	—	$224M	—	-0.3%
Op. Income	$42M	—	$32M	—	32.4%
Gross Margin	77.8%	—	72.0%	—	5.8pp
Net Margin	13.7%	—	10.3%	—	3.4pp
EPS (Diluted)	$1.07	—	$0.83	—	28.9%
Free Cash Flow	$66M	—	$44M	—	50.5%

Revenue Flow

Item	Amount
REVENUE	$223M
Cost of Revenue	$50M
GROSS PROFIT	$174M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$69M
Operating Expenses	$132M
Cost & Expenses	$181M
OPERATING INCOME	$42M
Interest Income	$189M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$42M
Income Tax Expense	$11M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$28M
D&A	$27M
EBIT	$42M
EBITDA	$69M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$223M
Cost of Revenue	$50M
GROSS PROFIT	$174M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$69M
Operating Expenses	$132M
Cost & Expenses	$181M
OPERATING INCOME	$42M
Interest Income	$189M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$42M
Income Tax Expense	$11M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$28M
D&A	$27M
EBIT	$42M
EBITDA	$69M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$30M
Depreciation & Amortization	$27M
Stock-Based Compensation	$717.0K
Deferred Income Tax	-$615.0K
Other Non-Cash Items	$20M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$71M
Capital Expenditure	-$5M
Acquisitions (Net)	-$26M
Purchases of Investments	-$218M
Sales/Maturities of Investments	$156M
Other Investing Activities	$76M
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	-$29M
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	$56M
NET CASH FROM FINANCING	-$18M
FREE CASH FLOW	$66M
Net Change in Cash	$36M

Balance Sheet

Item	Amount
Cash & Equivalents	$96M
Short-Term Investments	$620M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$717M
PP&E (Net)	$91M
Goodwill	$59M
Intangible Assets	$21M
Long-Term Investments	$2.9B
Tax Assets	$0
Other Non-Current Assets	$166M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$3.9B
Account Payables	$0
Short-Term Debt	$63M
Deferred Revenue	$0
Other Current Liabilities	$3.2B
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$216M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$247M
TOTAL LIABILITIES	$3.5B
Common Stock	$35M
Additional Paid-In Capital	$187M
Retained Earnings	$190M
Treasury Stock	$0
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$422M
Minority Interest	$0
TOTAL EQUITY	$422M
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$279M
Net Debt	$182M