BKU FY 2015 Earnings Report — BankUnited, Inc. Revenue & Financial Results | Market Cap Arena

BankUnited, Inc.BKU

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$983M	—	$868M	—	13.3%
Op. Income	$297M	—	$293M	—	1.2%
Gross Margin	81.7%	—	82.9%	—	-1.2pp
Net Margin	25.6%	—	23.5%	—	2.1pp
EPS (Diluted)	$2.35	—	$1.95	—	20.5%
Free Cash Flow	$32M	—	-$177M	—	118.2%

Revenue Flow

Item	Amount
REVENUE	$983M
Cost of Revenue	$179M
GROSS PROFIT	$804M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$333M
SG&A Expenses	$333M
Other Expenses	$173M
Operating Expenses	$507M
Cost & Expenses	$687M
OPERATING INCOME	$297M
Interest Income	$881M
Interest Expense	$135M
Other Income/Expenses	$0
INCOME BEFORE TAX	$297M
Income Tax Expense	$45M
Net Income from Continuing Ops	$252M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$252M
Net Income Deductions	-$54.0K
BOTTOM LINE NET INCOME	$242M
D&A	$43M
EBIT	$297M
EBITDA	$340M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$983M
Cost of Revenue	$179M
GROSS PROFIT	$804M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$333M
SG&A Expenses	$333M
Other Expenses	$173M
Operating Expenses	$507M
Cost & Expenses	$687M
OPERATING INCOME	$297M
Interest Income	$881M
Interest Expense	$135M
Other Income/Expenses	$0
INCOME BEFORE TAX	$297M
Income Tax Expense	$45M
Net Income from Continuing Ops	$252M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$252M
Net Income Deductions	-$54.0K
BOTTOM LINE NET INCOME	$242M
D&A	$43M
EBIT	$297M
EBITDA	$340M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$252M
Depreciation & Amortization	$43M
Stock-Based Compensation	$16M
Deferred Income Tax	$29M
Other Non-Cash Items	-$119M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$219M
Capital Expenditure	-$187M
Acquisitions (Net)	-$278M
Purchases of Investments	-$2.2B
Sales/Maturities of Investments	$1.8B
Other Investing Activities	-$3.7B
NET CASH FROM INVESTING	-$4.6B
Net Debt Issuance	$1.1B
Common Stock Repurchased	$0
Common Dividends Paid	-$89M
Other Financing Activities	$3.5B
NET CASH FROM FINANCING	$4.5B
FREE CASH FLOW	$32M
Net Change in Cash	$80M

Balance Sheet

Item	Amount
Cash & Equivalents	$268M
Short-Term Investments	$4.9B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$484M
Goodwill	$78M
Intangible Assets	$330.0K
Long-Term Investments	$16.8B
Tax Assets	$106M
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$18.8B
TOTAL ASSETS	$23.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$16.9B
TOTAL CURRENT LIABILITIES	$16.9B
Long-Term Debt	$4.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$290M
TOTAL NON-CURRENT LIABILITIES	$4.7B
TOTAL LIABILITIES	$21.6B
Common Stock	$1M
Additional Paid-In Capital	$1.4B
Retained Earnings	$814M
Treasury Stock	$0
Accum. Other Comp. Income	$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$23.9B
Total Debt	$4.4B
Net Debt	$4.1B