UCB FY 2007 Earnings Report — United Community Banks, Inc. Revenue & Financial Results | Market Cap Arena

United Community Banks, Inc.UCB

FY 2007 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$612M	—	$494M	—	23.8%
Op. Income	$90M	—	$108M	—	-17.4%
Gross Margin	45.7%	—	54.8%	—	-9.0pp
Net Margin	9.5%	—	13.9%	—	-4.5pp
EPS (Diluted)	$5.99	—	$7.96	—	-24.7%
Free Cash Flow	$71M	—	$25M	—	188.1%

Revenue Flow

Item	Amount
REVENUE	$612M
Cost of Revenue	$332M
GROSS PROFIT	$280M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$115M
SG&A Expenses	$123M
Other Expenses	$67M
Operating Expenses	$190M
Cost & Expenses	$522M
OPERATING INCOME	$90M
Interest Income	$549M
Interest Expense	$276M
Other Income/Expenses	$0
INCOME BEFORE TAX	$90M
Income Tax Expense	$32M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$14M
EBIT	$90M
EBITDA	$104M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$612M
Cost of Revenue	$332M
GROSS PROFIT	$280M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$115M
SG&A Expenses	$123M
Other Expenses	$67M
Operating Expenses	$190M
Cost & Expenses	$522M
OPERATING INCOME	$90M
Interest Income	$549M
Interest Expense	$276M
Other Income/Expenses	$0
INCOME BEFORE TAX	$90M
Income Tax Expense	$32M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$14M
EBIT	$90M
EBITDA	$104M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$14M
Stock-Based Compensation	$0
Deferred Income Tax	-$14M
Other Non-Cash Items	$58M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$105M
Capital Expenditure	-$34M
Acquisitions (Net)	-$4M
Purchases of Investments	-$904M
Sales/Maturities of Investments	$725M
Other Investing Activities	-$141M
NET CASH FROM INVESTING	-$358M
Net Debt Issuance	$622M
Common Stock Repurchased	-$46M
Common Dividends Paid	-$16M
Other Financing Activities	-$265M
NET CASH FROM FINANCING	$301M
FREE CASH FLOW	$71M
Net Change in Cash	$48M

Balance Sheet

Item	Amount
Cash & Equivalents	$220M
Short-Term Investments	$0
Net Receivables	$63M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$282M
PP&E (Net)	$180M
Goodwill	$306M
Intangible Assets	$19M
Long-Term Investments	$7.2B
Tax Assets	$0
Other Non-Current Assets	$195M
TOTAL NON-CURRENT ASSETS	$7.9B
TOTAL ASSETS	$8.2B
Account Payables	$0
Short-Term Debt	$638M
Deferred Revenue	$0
Other Current Liabilities	$6.1B
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$628M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$661M
TOTAL LIABILITIES	$7.4B
Common Stock	$49M
Additional Paid-In Capital	$463M
Retained Earnings	$347M
Treasury Stock	-$44M
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$832M
Minority Interest	$0
TOTAL EQUITY	$832M
TOTAL LIABILITIES & EQUITY	$8.2B
Total Debt	$1.3B
Net Debt	$1.0B