BKU FY 2020 Earnings Report — BankUnited, Inc. Revenue & Financial Results | Market Cap Arena

BankUnited, Inc.BKU

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.4B	—	-16.0%
Op. Income	$250M	—	$404M	—	-38.1%
Gross Margin	58.8%	—	62.4%	—	-3.5pp
Net Margin	16.5%	—	21.9%	—	-5.4pp
EPS (Diluted)	$2.06	—	$3.13	—	-34.2%
Free Cash Flow	$845M	—	$572M	—	47.7%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$494M
GROSS PROFIT	$707M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$239M
SG&A Expenses	$239M
Other Expenses	$218M
Operating Expenses	$457M
Cost & Expenses	$951M
OPERATING INCOME	$250M
Interest Income	$1.1B
Interest Expense	$316M
Other Income/Expenses	-$700.0K
INCOME BEFORE TAX	$249M
Income Tax Expense	$52M
Net Income from Continuing Ops	$198M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$198M
Net Income Deductions	$123.0K
BOTTOM LINE NET INCOME	$189M
D&A	$73M
EBIT	$249M
EBITDA	$322M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$494M
GROSS PROFIT	$707M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$239M
SG&A Expenses	$239M
Other Expenses	$218M
Operating Expenses	$457M
Cost & Expenses	$951M
OPERATING INCOME	$250M
Interest Income	$1.1B
Interest Expense	$316M
Other Income/Expenses	-$700.0K
INCOME BEFORE TAX	$249M
Income Tax Expense	$52M
Net Income from Continuing Ops	$198M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$198M
Net Income Deductions	$123.0K
BOTTOM LINE NET INCOME	$189M
D&A	$73M
EBIT	$249M
EBITDA	$322M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$198M
Depreciation & Amortization	$73M
Stock-Based Compensation	$20M
Deferred Income Tax	-$28M
Other Non-Cash Items	$704M
Change in Working Capital	-$103M
OPERATING CASH FLOW	$864M
Capital Expenditure	-$20M
Acquisitions (Net)	$0
Purchases of Investments	-$4.3B
Sales/Maturities of Investments	$3.0B
Other Investing Activities	-$1.3B
NET CASH FROM INVESTING	-$2.6B
Net Debt Issuance	-$1.1B
Common Stock Repurchased	-$101M
Common Dividends Paid	-$87M
Other Financing Activities	$3.2B
NET CASH FROM FINANCING	$1.9B
FREE CASH FLOW	$845M
Net Change in Cash	$183M

Balance Sheet

Item	Amount
Cash & Equivalents	$398M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$398M
PP&E (Net)	$664M
Goodwill	$78M
Intangible Assets	$0
Long-Term Investments	$33.0B
Tax Assets	$0
Other Non-Current Assets	$866M
TOTAL NON-CURRENT ASSETS	$34.6B
TOTAL ASSETS	$35.0B
Account Payables	$0
Short-Term Debt	$180M
Deferred Revenue	$0
Other Current Liabilities	$27.5B
TOTAL CURRENT LIABILITIES	$27.7B
Long-Term Debt	$3.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$506M
TOTAL NON-CURRENT LIABILITIES	$4.4B
TOTAL LIABILITIES	$32.0B
Common Stock	$931.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$2.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$49M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$0
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$35.0B
Total Debt	$4.0B
Net Debt	$3.6B