AUB FY 2019 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2019 Earnings

Reported February 25, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$832M	—	$613M	—	35.7%
Op. Income	$231M	—	$179M	—	28.9%
Gross Margin	78.1%	—	81.1%	—	-3.0pp
Net Margin	23.3%	—	23.9%	—	-0.6pp
EPS (Diluted)	$2.41	—	$2.22	—	8.6%
Free Cash Flow	$179M	—	$217M	—	-17.5%

Revenue Flow

Item	Amount
REVENUE	$832M
Cost of Revenue	$183M
GROSS PROFIT	$650M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$226M
SG&A Expenses	$237M
Other Expenses	$181M
Operating Expenses	$418M
Cost & Expenses	$601M
OPERATING INCOME	$231M
Interest Income	$699M
Interest Expense	$161M
Other Income/Expenses	$0
INCOME BEFORE TAX	$231M
Income Tax Expense	$38M
Net Income from Continuing Ops	$194M
Net Income from Discontinued Ops	-$170.0K
Other Adjustments	$0
NET INCOME	$194M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$194M
D&A	$40M
EBIT	$231M
EBITDA	$271M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$832M
Cost of Revenue	$183M
GROSS PROFIT	$650M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$226M
SG&A Expenses	$237M
Other Expenses	$181M
Operating Expenses	$418M
Cost & Expenses	$601M
OPERATING INCOME	$231M
Interest Income	$699M
Interest Expense	$161M
Other Income/Expenses	$0
INCOME BEFORE TAX	$231M
Income Tax Expense	$38M
Net Income from Continuing Ops	$194M
Net Income from Discontinued Ops	-$170.0K
Other Adjustments	$0
NET INCOME	$194M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$194M
D&A	$40M
EBIT	$231M
EBITDA	$271M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$194M
Depreciation & Amortization	$40M
Stock-Based Compensation	$8M
Deferred Income Tax	$15M
Other Non-Cash Items	-$16M
Change in Working Capital	-$46M
OPERATING CASH FLOW	$195M
Capital Expenditure	-$16M
Acquisitions (Net)	$46M
Purchases of Investments	-$492M
Sales/Maturities of Investments	$765M
Other Investing Activities	-$729M
NET CASH FROM INVESTING	-$425M
Net Debt Issuance	-$543M
Common Stock Repurchased	-$80M
Common Dividends Paid	-$78M
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$405M
FREE CASH FLOW	$179M
Net Change in Cash	$175M

Balance Sheet

Item	Amount
Cash & Equivalents	$398M
Short-Term Investments	$1.9B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$161M
Goodwill	$936M
Intangible Assets	$74M
Long-Term Investments	$13.2B
Tax Assets	$0
Other Non-Current Assets	$870M
TOTAL NON-CURRENT ASSETS	$15.2B
TOTAL ASSETS	$17.6B
Account Payables	$0
Short-Term Debt	$436M
Deferred Revenue	$0
Other Current Liabilities	$13.3B
TOTAL CURRENT LIABILITIES	$13.7B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$231M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$15.0B
Common Stock	$106M
Additional Paid-In Capital	$1.8B
Retained Earnings	$581M
Treasury Stock	$0
Accum. Other Comp. Income	$36M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$17.6B
Total Debt	$1.5B
Net Debt	$1.1B