BKU FY 2017 Earnings Report — BankUnited, Inc. Revenue & Financial Results | Market Cap Arena

BankUnited, Inc.BKU

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.2B	—	16.9%
Op. Income	$404M	—	$335M	—	20.6%
Gross Margin	76.3%	—	79.4%	—	-3.1pp
Net Margin	45.1%	—	19.4%	—	25.7pp
EPS (Diluted)	$5.58	—	$2.09	—	167.0%
Free Cash Flow	$219M	—	$220M	—	-0.4%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$323M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$436M
SG&A Expenses	$436M
Other Expenses	$199M
Operating Expenses	$635M
Cost & Expenses	$958M
OPERATING INCOME	$404M
Interest Income	$1.2B
Interest Expense	$254M
Other Income/Expenses	$0
INCOME BEFORE TAX	$404M
Income Tax Expense	-$210M
Net Income from Continuing Ops	$614M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$614M
Net Income Deductions	$263.0K
BOTTOM LINE NET INCOME	$591M
D&A	$62M
EBIT	$404M
EBITDA	$466M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$323M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$436M
SG&A Expenses	$436M
Other Expenses	$199M
Operating Expenses	$635M
Cost & Expenses	$958M
OPERATING INCOME	$404M
Interest Income	$1.2B
Interest Expense	$254M
Other Income/Expenses	$0
INCOME BEFORE TAX	$404M
Income Tax Expense	-$210M
Net Income from Continuing Ops	$614M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$614M
Net Income Deductions	$263.0K
BOTTOM LINE NET INCOME	$591M
D&A	$62M
EBIT	$404M
EBITDA	$466M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$614M
Depreciation & Amortization	$62M
Stock-Based Compensation	$23M
Deferred Income Tax	$58M
Other Non-Cash Items	-$77M
Change in Working Capital	-$361M
OPERATING CASH FLOW	$319M
Capital Expenditure	-$100M
Acquisitions (Net)	$0
Purchases of Investments	-$3.4B
Sales/Maturities of Investments	$2.8B
Other Investing Activities	-$1.8B
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	-$469M
Common Stock Repurchased	$0
Common Dividends Paid	-$92M
Other Financing Activities	$2.4B
NET CASH FROM FINANCING	$1.9B
FREE CASH FLOW	$219M
Net Change in Cash	-$254M

Balance Sheet

Item	Amount
Cash & Equivalents	$195M
Short-Term Investments	$6.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.9B
PP&E (Net)	$600M
Goodwill	$78M
Intangible Assets	$0
Long-Term Investments	$21.6B
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$23.5B
TOTAL ASSETS	$30.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$21.9B
TOTAL CURRENT LIABILITIES	$21.9B
Long-Term Debt	$5.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$269M
TOTAL NON-CURRENT LIABILITIES	$5.4B
TOTAL LIABILITIES	$27.3B
Common Stock	$1M
Additional Paid-In Capital	$1.5B
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	$55M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$0
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$30.3B
Total Debt	$5.2B
Net Debt	$5.0B