AUB Q2 2019 Earnings Report — Atlantic Union Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Atlantic Union Bankshares CorporationAUB

Q2 2019 Earnings

Reported August 6, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$212M	$191M	$152M	11.1%	39.2%
Op. Income	$58M	$42M	$61M	38.8%	-5.2%
Gross Margin	77.4%	78.0%	82.7%	-0.6pp	-5.2pp
Net Margin	23.1%	18.7%	31.1%	4.4pp	-8.1pp
EPS (Diluted)	$0.59	$0.47	$0.72	25.5%	-18.1%
Free Cash Flow	$13M	$12M	$16M	9.2%	-22.5%

Revenue Flow

Item	Amount
REVENUE	$212M
Cost of Revenue	$48M
GROSS PROFIT	$164M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$61M
SG&A Expenses	$64M
Other Expenses	$41M
Operating Expenses	$106M
Cost & Expenses	$153M
OPERATING INCOME	$58M
Interest Income	$181M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$58M
Income Tax Expense	$9M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	-$85.0K
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$12M
EBIT	$58M
EBITDA	$70M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$212M
Cost of Revenue	$48M
GROSS PROFIT	$164M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$61M
SG&A Expenses	$64M
Other Expenses	$41M
Operating Expenses	$106M
Cost & Expenses	$153M
OPERATING INCOME	$58M
Interest Income	$181M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$58M
Income Tax Expense	$9M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	-$85.0K
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$12M
EBIT	$58M
EBITDA	$70M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$12M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$1M
Change in Working Capital	-$47M
OPERATING CASH FLOW	$17M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$107M
Sales/Maturities of Investments	$234M
Other Investing Activities	-$266M
NET CASH FROM INVESTING	-$143M
Net Debt Issuance	$155M
Common Stock Repurchased	$0
Common Dividends Paid	-$19M
Other Financing Activities	$26M
NET CASH FROM FINANCING	$163M
FREE CASH FLOW	$13M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$318M
Short-Term Investments	$2.0B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$169M
Goodwill	$930M
Intangible Assets	$83M
Long-Term Investments	$12.8B
Tax Assets	$0
Other Non-Current Assets	$860M
TOTAL NON-CURRENT ASSETS	$14.8B
TOTAL ASSETS	$17.2B
Account Payables	$0
Short-Term Debt	$689M
Deferred Revenue	$0
Other Current Liabilities	$12.5B
TOTAL CURRENT LIABILITIES	$13.2B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$222M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$14.6B
Common Stock	$109M
Additional Paid-In Capital	$1.9B
Retained Earnings	$513M
Treasury Stock	$0
Accum. Other Comp. Income	$28M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$17.2B
Total Debt	$1.9B
Net Debt	$1.6B