BKU FY 2018 Earnings Report — BankUnited, Inc. Revenue & Financial Results | Market Cap Arena

BankUnited, Inc.BKU

FY 2018 Earnings

Reported February 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.4B	—	16.1%
Op. Income	$416M	—	$404M	—	2.8%
Gross Margin	73.1%	—	76.3%	—	-3.2pp
Net Margin	20.5%	—	45.1%	—	-24.5pp
EPS (Diluted)	$2.99	—	$5.58	—	-46.4%
Free Cash Flow	$634M	—	$219M	—	189.3%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$425M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$536M
SG&A Expenses	$536M
Other Expenses	$205M
Operating Expenses	$741M
Cost & Expenses	$1.2B
OPERATING INCOME	$416M
Interest Income	$1.4B
Interest Expense	$399M
Other Income/Expenses	$0
INCOME BEFORE TAX	$416M
Income Tax Expense	$91M
Net Income from Continuing Ops	$325M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$325M
Net Income Deductions	$195.0K
BOTTOM LINE NET INCOME	$312M
D&A	$64M
EBIT	$416M
EBITDA	$480M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$425M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$536M
SG&A Expenses	$536M
Other Expenses	$205M
Operating Expenses	$741M
Cost & Expenses	$1.2B
OPERATING INCOME	$416M
Interest Income	$1.4B
Interest Expense	$399M
Other Income/Expenses	$0
INCOME BEFORE TAX	$416M
Income Tax Expense	$91M
Net Income from Continuing Ops	$325M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$325M
Net Income Deductions	$195.0K
BOTTOM LINE NET INCOME	$312M
D&A	$64M
EBIT	$416M
EBITDA	$480M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$325M
Depreciation & Amortization	$64M
Stock-Based Compensation	$23M
Deferred Income Tax	$68M
Other Non-Cash Items	$33M
Change in Working Capital	$311M
OPERATING CASH FLOW	$824M
Capital Expenditure	-$191M
Acquisitions (Net)	$0
Purchases of Investments	-$4.4B
Sales/Maturities of Investments	$2.9B
Other Investing Activities	-$276M
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$25M
Common Stock Repurchased	-$300M
Common Dividends Paid	-$91M
Other Financing Activities	$1.8B
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$634M
Net Change in Cash	$187M

Balance Sheet

Item	Amount
Cash & Equivalents	$382M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$382M
PP&E (Net)	$702M
Goodwill	$78M
Intangible Assets	$0
Long-Term Investments	$30.3B
Tax Assets	$0
Other Non-Current Assets	$664M
TOTAL NON-CURRENT ASSETS	$31.8B
TOTAL ASSETS	$32.2B
Account Payables	$0
Short-Term Debt	$175M
Deferred Revenue	$0
Other Current Liabilities	$23.5B
TOTAL CURRENT LIABILITIES	$23.6B
Long-Term Debt	$5.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$393M
TOTAL NON-CURRENT LIABILITIES	$5.6B
TOTAL LIABILITIES	$29.2B
Common Stock	$991.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$32.2B
Total Debt	$5.4B
Net Debt	$5.0B