AUB FY 2012 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2012 Earnings

Reported March 13, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$223M	—	$223M	—	-0.0%
Op. Income	$50M	—	$42M	—	19.3%
Gross Margin	82.2%	—	77.8%	—	4.4pp
Net Margin	15.9%	—	13.7%	—	2.2pp
EPS (Diluted)	$1.37	—	$1.07	—	28.0%
Free Cash Flow	-$24M	—	$66M	—	-136.7%

Revenue Flow

Item	Amount
REVENUE	$223M
Cost of Revenue	$40M
GROSS PROFIT	$183M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$84M
SG&A Expenses	$90M
Other Expenses	$44M
Operating Expenses	$133M
Cost & Expenses	$173M
OPERATING INCOME	$50M
Interest Income	$182M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$14M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$21M
EBIT	$50M
EBITDA	$70M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$223M
Cost of Revenue	$40M
GROSS PROFIT	$183M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$84M
SG&A Expenses	$90M
Other Expenses	$44M
Operating Expenses	$133M
Cost & Expenses	$173M
OPERATING INCOME	$50M
Interest Income	$182M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$14M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$21M
EBIT	$50M
EBITDA	$70M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$35M
Depreciation & Amortization	$21M
Stock-Based Compensation	$1M
Deferred Income Tax	-$195.0K
Other Non-Cash Items	$15M
Change in Working Capital	-$94M
OPERATING CASH FLOW	-$22M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$161M
Sales/Maturities of Investments	$187M
Other Investing Activities	-$166M
NET CASH FROM INVESTING	-$142M
Net Debt Issuance	$51M
Common Stock Repurchased	-$14M
Common Dividends Paid	-$9M
Other Financing Activities	$123M
NET CASH FROM FINANCING	$150M
FREE CASH FLOW	-$24M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$83M
Short-Term Investments	$585M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$668M
PP&E (Net)	$85M
Goodwill	$59M
Intangible Assets	$16M
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$168M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.1B
Account Payables	$0
Short-Term Debt	$132M
Deferred Revenue	$0
Other Current Liabilities	$3.3B
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$197M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$230M
TOTAL LIABILITIES	$3.7B
Common Stock	$34M
Additional Paid-In Capital	$177M
Retained Earnings	$216M
Treasury Stock	$0
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$436M
Minority Interest	$0
TOTAL EQUITY	$436M
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$329M
Net Debt	$247M