UCB FY 2015 Earnings Report — United Community Banks, Inc. Revenue & Financial Results | Market Cap Arena

United Community Banks, Inc.UCB

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$351M	—	$304M	—	15.5%
Op. Income	$115M	—	$107M	—	7.4%
Gross Margin	92.9%	—	88.8%	—	4.1pp
Net Margin	20.4%	—	22.2%	—	-1.9pp
EPS (Diluted)	$1.09	—	$1.11	—	-1.8%
Free Cash Flow	$103M	—	$94M	—	9.2%

Revenue Flow

Item	Amount
REVENUE	$351M
Cost of Revenue	$25M
GROSS PROFIT	$326M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$122M
SG&A Expenses	$125M
Other Expenses	$86M
Operating Expenses	$211M
Cost & Expenses	$236M
OPERATING INCOME	$115M
Interest Income	$279M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$115M
Income Tax Expense	$43M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$23M
EBIT	$115M
EBITDA	$138M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$351M
Cost of Revenue	$25M
GROSS PROFIT	$326M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$122M
SG&A Expenses	$125M
Other Expenses	$86M
Operating Expenses	$211M
Cost & Expenses	$236M
OPERATING INCOME	$115M
Interest Income	$279M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$115M
Income Tax Expense	$43M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$23M
EBIT	$115M
EBITDA	$138M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$23M
Stock-Based Compensation	$4M
Deferred Income Tax	$38M
Other Non-Cash Items	$1M
Change in Working Capital	-$25M
OPERATING CASH FLOW	$113M
Capital Expenditure	-$11M
Acquisitions (Net)	$35M
Purchases of Investments	-$859M
Sales/Maturities of Investments	$715M
Other Investing Activities	-$275M
NET CASH FROM INVESTING	-$400M
Net Debt Issuance	$155M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$15M
Other Financing Activities	$196M
NET CASH FROM FINANCING	$335M
FREE CASH FLOW	$103M
Net Change in Cash	$48M

Balance Sheet

Item	Amount
Cash & Equivalents	$240M
Short-Term Investments	$2.3B
Net Receivables	$26M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$178M
Goodwill	$131M
Intangible Assets	$17M
Long-Term Investments	$6.3B
Tax Assets	$198M
Other Non-Current Assets	$200M
TOTAL NON-CURRENT ASSETS	$7.1B
TOTAL ASSETS	$9.6B
Account Payables	$0
Short-Term Debt	$17M
Deferred Revenue	$0
Other Current Liabilities	$7.9B
TOTAL CURRENT LIABILITIES	$8.0B
Long-Term Debt	$594M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$623M
TOTAL LIABILITIES	$8.6B
Common Stock	$71M
Additional Paid-In Capital	$1.3B
Retained Earnings	-$331M
Treasury Stock	$0
Accum. Other Comp. Income	-$25M
Other Equity	$7M
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$9.6B
Total Debt	$611M
Net Debt	$370M