AUB FY 2017 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$391M	—	$354M	—	10.7%
Op. Income	$105M	—	$102M	—	3.1%
Gross Margin	84.5%	—	89.1%	—	-4.6pp
Net Margin	18.6%	—	21.9%	—	-3.3pp
EPS (Diluted)	$1.67	—	$1.77	—	-5.6%
Free Cash Flow	$101M	—	$88M	—	15.5%

Revenue Flow

Item	Amount
REVENUE	$391M
Cost of Revenue	$61M
GROSS PROFIT	$331M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$145M
SG&A Expenses	$153M
Other Expenses	$73M
Operating Expenses	$226M
Cost & Expenses	$287M
OPERATING INCOME	$105M
Interest Income	$329M
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$105M
Income Tax Expense	$33M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$747.0K
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$25M
EBIT	$105M
EBITDA	$130M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$391M
Cost of Revenue	$61M
GROSS PROFIT	$331M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$145M
SG&A Expenses	$153M
Other Expenses	$73M
Operating Expenses	$226M
Cost & Expenses	$287M
OPERATING INCOME	$105M
Interest Income	$329M
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$105M
Income Tax Expense	$33M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$747.0K
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$25M
EBIT	$105M
EBITDA	$130M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$25M
Stock-Based Compensation	$5M
Deferred Income Tax	$6M
Other Non-Cash Items	$7M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$110M
Capital Expenditure	-$9M
Acquisitions (Net)	$5M
Purchases of Investments	-$307M
Sales/Maturities of Investments	$259M
Other Investing Activities	-$834M
NET CASH FROM INVESTING	-$886M
Net Debt Issuance	$227M
Common Stock Repurchased	$0
Common Dividends Paid	-$35M
Other Financing Activities	$603M
NET CASH FROM FINANCING	$796M
FREE CASH FLOW	$101M
Net Change in Cash	$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$199M
Short-Term Investments	$974M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$120M
Goodwill	$299M
Intangible Assets	$15M
Long-Term Investments	$7.3B
Tax Assets	$0
Other Non-Current Assets	$362M
TOTAL NON-CURRENT ASSETS	$8.1B
TOTAL ASSETS	$9.3B
Account Payables	$0
Short-Term Debt	$794M
Deferred Revenue	$0
Other Current Liabilities	$7.0B
TOTAL CURRENT LIABILITIES	$7.8B
Long-Term Debt	$425M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$58M
TOTAL NON-CURRENT LIABILITIES	$483M
TOTAL LIABILITIES	$8.3B
Common Stock	$58M
Additional Paid-In Capital	$610M
Retained Earnings	$379M
Treasury Stock	$0
Accum. Other Comp. Income	-$884.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$9.3B
Total Debt	$1.2B
Net Debt	$1.0B