AUB FY 2021 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$711M	—	$785M	—	-9.4%
Op. Income	$319M	—	$186M	—	71.1%
Gross Margin	102.8%	—	76.4%	—	26.4pp
Net Margin	37.1%	—	20.2%	—	17.0pp
EPS (Diluted)	$3.26	—	$1.93	—	68.9%
Free Cash Flow	$328M	—	$202M	—	62.3%

Revenue Flow

Item	Amount
REVENUE	$711M
Cost of Revenue	-$20M
GROSS PROFIT	$731M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$224M
SG&A Expenses	$234M
Other Expenses	$178M
Operating Expenses	$412M
Cost & Expenses	$392M
OPERATING INCOME	$319M
Interest Income	$592M
Interest Expense	$41M
Other Income/Expenses	$0
INCOME BEFORE TAX	$319M
Income Tax Expense	$55M
Net Income from Continuing Ops	$264M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$264M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$252M
D&A	$51M
EBIT	$319M
EBITDA	$369M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$711M
Cost of Revenue	-$20M
GROSS PROFIT	$731M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$224M
SG&A Expenses	$234M
Other Expenses	$178M
Operating Expenses	$412M
Cost & Expenses	$392M
OPERATING INCOME	$319M
Interest Income	$592M
Interest Expense	$41M
Other Income/Expenses	$0
INCOME BEFORE TAX	$319M
Income Tax Expense	$55M
Net Income from Continuing Ops	$264M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$264M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$252M
D&A	$51M
EBIT	$319M
EBITDA	$369M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$264M
Depreciation & Amortization	$51M
Stock-Based Compensation	$10M
Deferred Income Tax	$44M
Other Non-Cash Items	$22M
Change in Working Capital	-$52M
OPERATING CASH FLOW	$338M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$1.7B
Sales/Maturities of Investments	$562M
Other Investing Activities	$754M
NET CASH FROM INVESTING	-$345M
Net Debt Issuance	-$351M
Common Stock Repurchased	-$125M
Common Dividends Paid	-$84M
Other Financing Activities	$886M
NET CASH FROM FINANCING	$317M
FREE CASH FLOW	$328M
Net Change in Cash	$309M

Balance Sheet

Item	Amount
Cash & Equivalents	$800M
Short-Term Investments	$3.5B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$135M
Goodwill	$936M
Intangible Assets	$43M
Long-Term Investments	$13.7B
Tax Assets	$0
Other Non-Current Assets	$925M
TOTAL NON-CURRENT ASSETS	$15.8B
TOTAL ASSETS	$20.1B
Account Payables	$0
Short-Term Debt	$118M
Deferred Revenue	$0
Other Current Liabilities	$16.6B
TOTAL CURRENT LIABILITIES	$16.7B
Long-Term Debt	$389M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$237M
TOTAL NON-CURRENT LIABILITIES	$626M
TOTAL LIABILITIES	$17.4B
Common Stock	$100M
Additional Paid-In Capital	$1.8B
Retained Earnings	$784M
Treasury Stock	$0
Accum. Other Comp. Income	$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$20.1B
Total Debt	$507M
Net Debt	-$293M