AUB FY 2013 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2013 Earnings

Reported March 11, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$211M	—	$223M	—	-5.4%
Op. Income	$47M	—	$50M	—	-5.0%
Gross Margin	87.4%	—	82.2%	—	5.2pp
Net Margin	16.3%	—	15.9%	—	0.4pp
EPS (Diluted)	$1.38	—	$1.37	—	0.7%
Free Cash Flow	$152M	—	-$24M	—	732.0%

Revenue Flow

Item	Amount
REVENUE	$211M
Cost of Revenue	$27M
GROSS PROFIT	$184M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$89M
SG&A Expenses	$93M
Other Expenses	$44M
Operating Expenses	$137M
Cost & Expenses	$164M
OPERATING INCOME	$47M
Interest Income	$172M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$13M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$18M
EBIT	$47M
EBITDA	$66M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$211M
Cost of Revenue	$27M
GROSS PROFIT	$184M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$89M
SG&A Expenses	$93M
Other Expenses	$44M
Operating Expenses	$137M
Cost & Expenses	$164M
OPERATING INCOME	$47M
Interest Income	$172M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$13M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$18M
EBIT	$47M
EBITDA	$66M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$34M
Depreciation & Amortization	$18M
Stock-Based Compensation	$889.0K
Deferred Income Tax	$262.0K
Other Non-Cash Items	$10M
Change in Working Capital	$93M
OPERATING CASH FLOW	$157M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$302M
Sales/Maturities of Investments	$173M
Other Investing Activities	-$85M
NET CASH FROM INVESTING	-$219M
Net Debt Issuance	$134M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$13M
Other Financing Activities	-$61M
NET CASH FROM FINANCING	$52M
FREE CASH FLOW	$152M
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$73M
Short-Term Investments	$677M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$750M
PP&E (Net)	$83M
Goodwill	$59M
Intangible Assets	$12M
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$210M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.2B
Account Payables	$0
Short-Term Debt	$264M
Deferred Revenue	$0
Other Current Liabilities	$3.2B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$199M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$38M
TOTAL NON-CURRENT LIABILITIES	$238M
TOTAL LIABILITIES	$3.7B
Common Stock	$33M
Additional Paid-In Capital	$171M
Retained Earnings	$237M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$438M
Minority Interest	$0
TOTAL EQUITY	$438M
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$463M
Net Debt	$390M