AUB FY 2018 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2018 Earnings

Reported February 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$613M	—	$391M	—	56.6%
Op. Income	$179M	—	$105M	—	70.9%
Gross Margin	81.1%	—	84.5%	—	-3.4pp
Net Margin	23.9%	—	18.6%	—	5.2pp
EPS (Diluted)	$2.22	—	$1.67	—	32.9%
Free Cash Flow	$217M	—	$101M	—	114.5%

Revenue Flow

Item	Amount
REVENUE	$613M
Cost of Revenue	$116M
GROSS PROFIT	$497M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$184M
SG&A Expenses	$194M
Other Expenses	$123M
Operating Expenses	$318M
Cost & Expenses	$434M
OPERATING INCOME	$179M
Interest Income	$529M
Interest Expense	$102M
Other Income/Expenses	$0
INCOME BEFORE TAX	$179M
Income Tax Expense	$30M
Net Income from Continuing Ops	$149M
Net Income from Discontinued Ops	-$3M
Other Adjustments	$0
NET INCOME	$146M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$146M
D&A	$26M
EBIT	$179M
EBITDA	$206M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$613M
Cost of Revenue	$116M
GROSS PROFIT	$497M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$184M
SG&A Expenses	$194M
Other Expenses	$123M
Operating Expenses	$318M
Cost & Expenses	$434M
OPERATING INCOME	$179M
Interest Income	$529M
Interest Expense	$102M
Other Income/Expenses	$0
INCOME BEFORE TAX	$179M
Income Tax Expense	$30M
Net Income from Continuing Ops	$149M
Net Income from Discontinued Ops	-$3M
Other Adjustments	$0
NET INCOME	$146M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$146M
D&A	$26M
EBIT	$179M
EBITDA	$206M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$146M
Depreciation & Amortization	$26M
Stock-Based Compensation	$6M
Deferred Income Tax	$18M
Other Non-Cash Items	-$18M
Change in Working Capital	$38M
OPERATING CASH FLOW	$217M
Capital Expenditure	$0
Acquisitions (Net)	$160M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$718M
Other Investing Activities	-$115M
NET CASH FROM INVESTING	-$770M
Net Debt Issuance	$244M
Common Stock Repurchased	$0
Common Dividends Paid	-$58M
Other Financing Activities	$427M
NET CASH FROM FINANCING	$615M
FREE CASH FLOW	$217M
Net Change in Cash	$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$261M
Short-Term Investments	$1.8B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$147M
Goodwill	$727M
Intangible Assets	$49M
Long-Term Investments	$10.2B
Tax Assets	$0
Other Non-Current Assets	$638M
TOTAL NON-CURRENT ASSETS	$11.7B
TOTAL ASSETS	$13.8B
Account Payables	$0
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$10.0B
TOTAL CURRENT LIABILITIES	$11.1B
Long-Term Debt	$668M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$114M
TOTAL NON-CURRENT LIABILITIES	$782M
TOTAL LIABILITIES	$11.8B
Common Stock	$87M
Additional Paid-In Capital	$1.4B
Retained Earnings	$467M
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$13.8B
Total Debt	$1.8B
Net Debt	$1.5B