BKU FY 2019 Earnings Report — BankUnited, Inc. Revenue & Financial Results | Market Cap Arena

BankUnited, Inc.BKU

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.6B	—	-9.6%
Op. Income	$404M	—	$416M	—	-2.8%
Gross Margin	62.4%	—	73.1%	—	-10.8pp
Net Margin	21.9%	—	20.5%	—	1.4pp
EPS (Diluted)	$3.13	—	$2.99	—	4.7%
Free Cash Flow	$572M	—	$634M	—	-9.8%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$538M
GROSS PROFIT	$891M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$252M
SG&A Expenses	$252M
Other Expenses	$235M
Operating Expenses	$487M
Cost & Expenses	$1.0B
OPERATING INCOME	$404M
Interest Income	$1.3B
Interest Expense	$529M
Other Income/Expenses	$0
INCOME BEFORE TAX	$404M
Income Tax Expense	$91M
Net Income from Continuing Ops	$313M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$313M
Net Income Deductions	$175.0K
BOTTOM LINE NET INCOME	$300M
D&A	$72M
EBIT	$404M
EBITDA	$476M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$538M
GROSS PROFIT	$891M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$252M
SG&A Expenses	$252M
Other Expenses	$235M
Operating Expenses	$487M
Cost & Expenses	$1.0B
OPERATING INCOME	$404M
Interest Income	$1.3B
Interest Expense	$529M
Other Income/Expenses	$0
INCOME BEFORE TAX	$404M
Income Tax Expense	$91M
Net Income from Continuing Ops	$313M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$313M
Net Income Deductions	$175.0K
BOTTOM LINE NET INCOME	$300M
D&A	$72M
EBIT	$404M
EBITDA	$476M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$313M
Depreciation & Amortization	$72M
Stock-Based Compensation	$23M
Deferred Income Tax	$25M
Other Non-Cash Items	$264M
Change in Working Capital	-$61M
OPERATING CASH FLOW	$636M
Capital Expenditure	-$64M
Acquisitions (Net)	$0
Purchases of Investments	-$4.3B
Sales/Maturities of Investments	$4.8B
Other Investing Activities	-$1.5B
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	-$315M
Common Stock Repurchased	-$154M
Common Dividends Paid	-$84M
Other Financing Activities	$826M
NET CASH FROM FINANCING	$272M
FREE CASH FLOW	$572M
Net Change in Cash	-$167M

Balance Sheet

Item	Amount
Cash & Equivalents	$215M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$215M
PP&E (Net)	$698M
Goodwill	$0
Intangible Assets	$78M
Long-Term Investments	$31.1B
Tax Assets	$0
Other Non-Current Assets	$774M
TOTAL NON-CURRENT ASSETS	$32.7B
TOTAL ASSETS	$32.9B
Account Payables	$0
Short-Term Debt	$100M
Deferred Revenue	$0
Other Current Liabilities	$24.4B
TOTAL CURRENT LIABILITIES	$24.5B
Long-Term Debt	$4.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$486M
TOTAL NON-CURRENT LIABILITIES	$5.4B
TOTAL LIABILITIES	$29.9B
Common Stock	$951.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$32M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$0
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$32.9B
Total Debt	$5.0B
Net Debt	$4.8B