BKU FY 2009 Earnings Report — BankUnited, Inc. Revenue & Financial Results | Market Cap Arena

BankUnited, Inc.BKU

FY 2009 Earnings

Reported December 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$557M	—	—	—	—
Op. Income	$199M	—	—	—	—
Gross Margin	80.9%	—	—	—	—
Net Margin	21.4%	—	—	—	—
EPS (Diluted)	$1.29	—	—	—	—
Free Cash Flow	-$358M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$557M
Cost of Revenue	$106M
GROSS PROFIT	$451M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$117M
SG&A Expenses	$117M
Other Expenses	$134M
Operating Expenses	$251M
Cost & Expenses	$358M
OPERATING INCOME	$199M
Interest Income	$287M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$199M
Income Tax Expense	$80M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$1M
EBIT	$199M
EBITDA	$201M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$557M
Cost of Revenue	$106M
GROSS PROFIT	$451M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$117M
SG&A Expenses	$117M
Other Expenses	$134M
Operating Expenses	$251M
Cost & Expenses	$358M
OPERATING INCOME	$199M
Interest Income	$287M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$199M
Income Tax Expense	$80M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$1M
EBIT	$199M
EBITDA	$201M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	-$2M
Other Non-Cash Items	-$508M
Change in Working Capital	$37M
OPERATING CASH FLOW	-$353M
Capital Expenditure	-$5M
Acquisitions (Net)	$3.4B
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$186M
Other Investing Activities	$1.1B
NET CASH FROM INVESTING	$2.9B
Net Debt Issuance	-$2.8B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$640M
NET CASH FROM FINANCING	-$2.2B
FREE CASH FLOW	-$358M
Net Change in Cash	$356M

Balance Sheet

Item	Amount
Cash & Equivalents	$356M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$356M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$61M
Long-Term Investments	$6.8B
Tax Assets	$23M
Other Non-Current Assets	$3.9B
TOTAL NON-CURRENT ASSETS	$10.8B
TOTAL ASSETS	$11.1B
Account Payables	$114M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$7.7B
TOTAL CURRENT LIABILITIES	$7.8B
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$173M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$10.0B
Common Stock	$928.0K
Additional Paid-In Capital	$947M
Retained Earnings	$119M
Treasury Stock	$0
Accum. Other Comp. Income	$27M
Other Equity	$210.0K
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$11.1B
Total Debt	$2.1B
Net Debt	$1.7B