AUB FY 2016 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2016 Earnings

Reported February 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$354M	—	$342M	—	3.5%
Op. Income	$102M	—	$90M	—	12.7%
Gross Margin	89.1%	—	89.9%	—	-0.8pp
Net Margin	21.9%	—	19.6%	—	2.3pp
EPS (Diluted)	$1.77	—	$1.49	—	18.8%
Free Cash Flow	$88M	—	$107M	—	-18.3%

Revenue Flow

Item	Amount
REVENUE	$354M
Cost of Revenue	$39M
GROSS PROFIT	$315M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$143M
SG&A Expenses	$150M
Other Expenses	$63M
Operating Expenses	$213M
Cost & Expenses	$252M
OPERATING INCOME	$102M
Interest Income	$294M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$102M
Income Tax Expense	$26M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$2M
Other Adjustments	$0
NET INCOME	$77M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$77M
D&A	$24M
EBIT	$102M
EBITDA	$126M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$354M
Cost of Revenue	$39M
GROSS PROFIT	$315M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$143M
SG&A Expenses	$150M
Other Expenses	$63M
Operating Expenses	$213M
Cost & Expenses	$252M
OPERATING INCOME	$102M
Interest Income	$294M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$102M
Income Tax Expense	$26M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$2M
Other Adjustments	$0
NET INCOME	$77M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$77M
D&A	$24M
EBIT	$102M
EBITDA	$126M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$77M
Depreciation & Amortization	$24M
Stock-Based Compensation	$3M
Deferred Income Tax	$243.0K
Other Non-Cash Items	$6M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$94M
Capital Expenditure	-$6M
Acquisitions (Net)	-$4M
Purchases of Investments	-$261M
Sales/Maturities of Investments	$188M
Other Investing Activities	-$631M
NET CASH FROM INVESTING	-$715M
Net Debt Issuance	$308M
Common Stock Repurchased	-$33M
Common Dividends Paid	-$34M
Other Financing Activities	$415M
NET CASH FROM FINANCING	$658M
FREE CASH FLOW	$88M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$947M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$122M
Goodwill	$298M
Intangible Assets	$21M
Long-Term Investments	$6.5B
Tax Assets	$0
Other Non-Current Assets	$353M
TOTAL NON-CURRENT ASSETS	$7.3B
TOTAL ASSETS	$8.4B
Account Payables	$0
Short-Term Debt	$577M
Deferred Revenue	$0
Other Current Liabilities	$6.4B
TOTAL CURRENT LIABILITIES	$7.0B
Long-Term Debt	$413M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$56M
TOTAL NON-CURRENT LIABILITIES	$469M
TOTAL LIABILITIES	$7.4B
Common Stock	$58M
Additional Paid-In Capital	$605M
Retained Earnings	$342M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$8.4B
Total Debt	$990M
Net Debt	$811M