AUB FY 2020 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$785M	—	$832M	—	-5.7%
Op. Income	$186M	—	$231M	—	-19.4%
Gross Margin	76.4%	—	78.1%	—	-1.7pp
Net Margin	20.2%	—	23.3%	—	-3.1pp
EPS (Diluted)	$1.93	—	$2.41	—	-19.9%
Free Cash Flow	$202M	—	$179M	—	13.1%

Revenue Flow

Item	Amount
REVENUE	$785M
Cost of Revenue	$185M
GROSS PROFIT	$600M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$217M
SG&A Expenses	$227M
Other Expenses	$187M
Operating Expenses	$413M
Cost & Expenses	$599M
OPERATING INCOME	$186M
Interest Income	$653M
Interest Expense	$98M
Other Income/Expenses	$0
INCOME BEFORE TAX	$186M
Income Tax Expense	$28M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$158M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$153M
D&A	$43M
EBIT	$186M
EBITDA	$229M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$785M
Cost of Revenue	$185M
GROSS PROFIT	$600M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$217M
SG&A Expenses	$227M
Other Expenses	$187M
Operating Expenses	$413M
Cost & Expenses	$599M
OPERATING INCOME	$186M
Interest Income	$653M
Interest Expense	$98M
Other Income/Expenses	$0
INCOME BEFORE TAX	$186M
Income Tax Expense	$28M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$158M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$153M
D&A	$43M
EBIT	$186M
EBITDA	$229M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$158M
Depreciation & Amortization	$43M
Stock-Based Compensation	$9M
Deferred Income Tax	$3M
Other Non-Cash Items	$53M
Change in Working Capital	-$34M
OPERATING CASH FLOW	$232M
Capital Expenditure	-$30M
Acquisitions (Net)	$0
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$661M
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	-$705M
Common Stock Repurchased	-$50M
Common Dividends Paid	-$79M
Other Financing Activities	$2.4B
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	$202M
Net Change in Cash	$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$491M
Short-Term Investments	$2.5B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$164M
Goodwill	$936M
Intangible Assets	$57M
Long-Term Investments	$14.5B
Tax Assets	$0
Other Non-Current Assets	$938M
TOTAL NON-CURRENT ASSETS	$16.6B
TOTAL ASSETS	$19.6B
Account Payables	$0
Short-Term Debt	$351M
Deferred Revenue	$0
Other Current Liabilities	$15.7B
TOTAL CURRENT LIABILITIES	$16.1B
Long-Term Debt	$490M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$356M
TOTAL NON-CURRENT LIABILITIES	$846M
TOTAL LIABILITIES	$16.9B
Common Stock	$104M
Additional Paid-In Capital	$1.9B
Retained Earnings	$616M
Treasury Stock	$0
Accum. Other Comp. Income	$71M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$19.6B
Total Debt	$841M
Net Debt	$349M