AUB FY 2014 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$336M	—	$211M	—	59.5%
Op. Income	$70M	—	$47M	—	48.8%
Gross Margin	91.8%	—	87.4%	—	4.3pp
Net Margin	15.5%	—	16.3%	—	-0.8pp
EPS (Diluted)	$1.14	—	$1.38	—	-17.4%
Free Cash Flow	$120M	—	$152M	—	-21.1%

Revenue Flow

Item	Amount
REVENUE	$336M
Cost of Revenue	$28M
GROSS PROFIT	$309M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$139M
SG&A Expenses	$146M
Other Expenses	$93M
Operating Expenses	$238M
Cost & Expenses	$266M
OPERATING INCOME	$70M
Interest Income	$275M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$70M
Income Tax Expense	$18M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$27M
EBIT	$70M
EBITDA	$97M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$336M
Cost of Revenue	$28M
GROSS PROFIT	$309M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$139M
SG&A Expenses	$146M
Other Expenses	$93M
Operating Expenses	$238M
Cost & Expenses	$266M
OPERATING INCOME	$70M
Interest Income	$275M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$70M
Income Tax Expense	$18M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$27M
EBIT	$70M
EBITDA	$97M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$27M
Stock-Based Compensation	$979.0K
Deferred Income Tax	$3M
Other Non-Cash Items	$8M
Change in Working Capital	$36M
OPERATING CASH FLOW	$127M
Capital Expenditure	-$7M
Acquisitions (Net)	$50M
Purchases of Investments	-$412M
Sales/Maturities of Investments	$433M
Other Investing Activities	-$58M
NET CASH FROM INVESTING	$6M
Net Debt Issuance	$74M
Common Stock Repurchased	-$53M
Common Dividends Paid	-$25M
Other Financing Activities	-$71M
NET CASH FROM FINANCING	-$73M
FREE CASH FLOW	$120M
Net Change in Cash	$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$132M
Short-Term Investments	$1.1B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$135M
Goodwill	$294M
Intangible Assets	$32M
Long-Term Investments	$5.4B
Tax Assets	$0
Other Non-Current Assets	$308M
TOTAL NON-CURRENT ASSETS	$6.1B
TOTAL ASSETS	$7.4B
Account Payables	$0
Short-Term Debt	$387M
Deferred Revenue	$0
Other Current Liabilities	$5.6B
TOTAL CURRENT LIABILITIES	$6.0B
Long-Term Debt	$300M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$56M
TOTAL NON-CURRENT LIABILITIES	$355M
TOTAL LIABILITIES	$6.4B
Common Stock	$60M
Additional Paid-In Capital	$643M
Retained Earnings	$262M
Treasury Stock	$0
Accum. Other Comp. Income	$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$977M
Minority Interest	$0
TOTAL EQUITY	$977M
TOTAL LIABILITIES & EQUITY	$7.4B
Total Debt	$687M
Net Debt	$555M