UCB FY 2017 Earnings Report — United Community Banks, Inc. Revenue & Financial Results | Market Cap Arena

United Community Banks, Inc.UCB

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$464M	—	$429M	—	8.2%
Op. Income	$173M	—	$163M	—	6.0%
Gross Margin	91.9%	—	94.3%	—	-2.4pp
Net Margin	14.6%	—	23.5%	—	-8.9pp
EPS (Diluted)	$0.92	—	$1.40	—	-34.3%
Free Cash Flow	$186M	—	$123M	—	51.6%

Revenue Flow

Item	Amount
REVENUE	$464M
Cost of Revenue	$38M
GROSS PROFIT	$426M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$160M
SG&A Expenses	$164M
Other Expenses	$90M
Operating Expenses	$254M
Cost & Expenses	$291M
OPERATING INCOME	$173M
Interest Income	$390M
Interest Expense	$34M
Other Income/Expenses	$0
INCOME BEFORE TAX	$173M
Income Tax Expense	$105M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$68M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$67M
D&A	$27M
EBIT	$173M
EBITDA	$200M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$464M
Cost of Revenue	$38M
GROSS PROFIT	$426M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$160M
SG&A Expenses	$164M
Other Expenses	$90M
Operating Expenses	$254M
Cost & Expenses	$291M
OPERATING INCOME	$173M
Interest Income	$390M
Interest Expense	$34M
Other Income/Expenses	$0
INCOME BEFORE TAX	$173M
Income Tax Expense	$105M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$68M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$67M
D&A	$27M
EBIT	$173M
EBITDA	$200M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$68M
Depreciation & Amortization	$27M
Stock-Based Compensation	$6M
Deferred Income Tax	$100M
Other Non-Cash Items	-$7M
Change in Working Capital	$14M
OPERATING CASH FLOW	$208M
Capital Expenditure	-$22M
Acquisitions (Net)	$54M
Purchases of Investments	-$974M
Sales/Maturities of Investments	$1.0B
Other Investing Activities	-$107M
NET CASH FROM INVESTING	-$46M
Net Debt Issuance	-$325M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$26M
Other Financing Activities	$288M
NET CASH FROM FINANCING	-$66M
FREE CASH FLOW	$186M
Net Change in Cash	$97M

Balance Sheet

Item	Amount
Cash & Equivalents	$314M
Short-Term Investments	$2.6B
Net Receivables	$32M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$209M
Goodwill	$221M
Intangible Assets	$24M
Long-Term Investments	$8.1B
Tax Assets	$88M
Other Non-Current Assets	$358M
TOTAL NON-CURRENT ASSETS	$9.0B
TOTAL ASSETS	$11.9B
Account Payables	$0
Short-Term Debt	$50M
Deferred Revenue	$0
Other Current Liabilities	$9.8B
TOTAL CURRENT LIABILITIES	$10.0B
Long-Term Debt	$625M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$651M
TOTAL LIABILITIES	$10.6B
Common Stock	$78M
Additional Paid-In Capital	$1.5B
Retained Earnings	-$210M
Treasury Stock	$0
Accum. Other Comp. Income	-$25M
Other Equity	$9M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$11.9B
Total Debt	$675M
Net Debt	$361M