UCB FY 2016 Earnings Report — United Community Banks, Inc. Revenue & Financial Results | Market Cap Arena

United Community Banks, Inc.UCB

FY 2016 Earnings

Reported February 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$429M	—	$351M	—	22.1%
Op. Income	$163M	—	$115M	—	41.7%
Gross Margin	94.3%	—	92.9%	—	1.4pp
Net Margin	23.5%	—	20.4%	—	3.1pp
EPS (Diluted)	$1.40	—	$1.09	—	28.4%
Free Cash Flow	$123M	—	$103M	—	19.1%

Revenue Flow

Item	Amount
REVENUE	$429M
Cost of Revenue	$24M
GROSS PROFIT	$404M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$145M
SG&A Expenses	$149M
Other Expenses	$92M
Operating Expenses	$241M
Cost & Expenses	$266M
OPERATING INCOME	$163M
Interest Income	$335M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$163M
Income Tax Expense	$62M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$30M
EBIT	$163M
EBITDA	$193M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$429M
Cost of Revenue	$24M
GROSS PROFIT	$404M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$145M
SG&A Expenses	$149M
Other Expenses	$92M
Operating Expenses	$241M
Cost & Expenses	$266M
OPERATING INCOME	$163M
Interest Income	$335M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$163M
Income Tax Expense	$62M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$30M
EBIT	$163M
EBITDA	$193M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$101M
Depreciation & Amortization	$30M
Stock-Based Compensation	$4M
Deferred Income Tax	$60M
Other Non-Cash Items	-$12M
Change in Working Capital	-$43M
OPERATING CASH FLOW	$140M
Capital Expenditure	-$17M
Acquisitions (Net)	$2M
Purchases of Investments	-$717M
Sales/Maturities of Investments	$661M
Other Investing Activities	-$661M
NET CASH FROM INVESTING	-$732M
Net Debt Issuance	$244M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$16M
Other Financing Activities	$366M
NET CASH FROM FINANCING	$569M
FREE CASH FLOW	$123M
Net Change in Cash	-$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$217M
Short-Term Investments	$2.4B
Net Receivables	$28M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$190M
Goodwill	$142M
Intangible Assets	$14M
Long-Term Investments	$7.2B
Tax Assets	$154M
Other Non-Current Assets	$288M
TOTAL NON-CURRENT ASSETS	$8.0B
TOTAL ASSETS	$10.7B
Account Payables	$0
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$8.6B
TOTAL CURRENT LIABILITIES	$8.7B
Long-Term Debt	$884M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$28M
TOTAL NON-CURRENT LIABILITIES	$912M
TOTAL LIABILITIES	$9.6B
Common Stock	$71M
Additional Paid-In Capital	$1.3B
Retained Earnings	-$252M
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	$7M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$10.7B
Total Debt	$884M
Net Debt	$667M