AUB Q2 2016 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

Q2 2016 Earnings

Reported August 4, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$91M	$87M	—	4.7%	—
Op. Income	$26M	$23M	—	15.1%	—
Gross Margin	89.7%	88.9%	—	0.9pp	—
Net Margin	21.3%	19.6%	—	1.7pp	—
EPS (Diluted)	$0.44	$0.38	—	15.8%	—
Free Cash Flow	$21M	$21M	—	-2.2%	—

Revenue Flow

Item	Amount
REVENUE	$91M
Cost of Revenue	$9M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$37M
SG&A Expenses	$39M
Other Expenses	$17M
Operating Expenses	$55M
Cost & Expenses	$65M
OPERATING INCOME	$26M
Interest Income	$73M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$26M
Income Tax Expense	$7M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$6M
EBIT	$26M
EBITDA	$32M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$91M
Cost of Revenue	$9M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$37M
SG&A Expenses	$39M
Other Expenses	$17M
Operating Expenses	$55M
Cost & Expenses	$65M
OPERATING INCOME	$26M
Interest Income	$73M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$26M
Income Tax Expense	$7M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$6M
EBIT	$26M
EBITDA	$32M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$6M
Stock-Based Compensation	$846.0K
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$22M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$39M
Sales/Maturities of Investments	$29M
Other Investing Activities	-$164M
NET CASH FROM INVESTING	-$176M
Net Debt Issuance	$103M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$8M
Other Financing Activities	$150M
NET CASH FROM FINANCING	$238M
FREE CASH FLOW	$21M
Net Change in Cash	$84M

Balance Sheet

Item	Amount
Cash & Equivalents	$217M
Short-Term Investments	$950M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$124M
Goodwill	$298M
Intangible Assets	$20M
Long-Term Investments	$6.1B
Tax Assets	$0
Other Non-Current Assets	$346M
TOTAL NON-CURRENT ASSETS	$6.9B
TOTAL ASSETS	$8.1B
Account Payables	$0
Short-Term Debt	$678M
Deferred Revenue	$0
Other Current Liabilities	$6.1B
TOTAL CURRENT LIABILITIES	$6.8B
Long-Term Debt	$275M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$63M
TOTAL NON-CURRENT LIABILITIES	$337M
TOTAL LIABILITIES	$7.1B
Common Stock	$58M
Additional Paid-In Capital	$605M
Retained Earnings	$318M
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$989M
Minority Interest	$0
TOTAL EQUITY	$989M
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$953M
Net Debt	$736M