UCB FY 2018 Earnings Report — United Community Banks, Inc. Revenue & Financial Results | Market Cap Arena

United Community Banks, Inc.UCB

FY 2018 Earnings

Reported February 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$578M	—	$464M	—	24.5%
Op. Income	$216M	—	$173M	—	24.9%
Gross Margin	87.7%	—	91.9%	—	-4.2pp
Net Margin	28.8%	—	14.6%	—	14.1pp
EPS (Diluted)	$2.07	—	$0.92	—	125.0%
Free Cash Flow	$252M	—	$186M	—	35.9%

Revenue Flow

Item	Amount
REVENUE	$578M
Cost of Revenue	$71M
GROSS PROFIT	$507M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$190M
SG&A Expenses	$195M
Other Expenses	$95M
Operating Expenses	$291M
Cost & Expenses	$362M
OPERATING INCOME	$216M
Interest Income	$500M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$216M
Income Tax Expense	$50M
Net Income from Continuing Ops	$166M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$166M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$165M
D&A	$31M
EBIT	$216M
EBITDA	$247M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$578M
Cost of Revenue	$71M
GROSS PROFIT	$507M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$190M
SG&A Expenses	$195M
Other Expenses	$95M
Operating Expenses	$291M
Cost & Expenses	$362M
OPERATING INCOME	$216M
Interest Income	$500M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$216M
Income Tax Expense	$50M
Net Income from Continuing Ops	$166M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$166M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$165M
D&A	$31M
EBIT	$216M
EBITDA	$247M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$166M
Depreciation & Amortization	$31M
Stock-Based Compensation	$6M
Deferred Income Tax	$33M
Other Non-Cash Items	$879.0K
Change in Working Capital	$33M
OPERATING CASH FLOW	$270M
Capital Expenditure	-$18M
Acquisitions (Net)	-$57M
Purchases of Investments	-$578M
Sales/Maturities of Investments	$574M
Other Investing Activities	-$281M
NET CASH FROM INVESTING	-$359M
Net Debt Issuance	-$583M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$42M
Other Financing Activities	$729M
NET CASH FROM FINANCING	$102M
FREE CASH FLOW	$252M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$327M
Short-Term Investments	$2.6B
Net Receivables	$35M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$206M
Goodwill	$307M
Intangible Assets	$17M
Long-Term Investments	$8.6B
Tax Assets	$64M
Other Non-Current Assets	$347M
TOTAL NON-CURRENT ASSETS	$9.6B
TOTAL ASSETS	$12.6B
Account Payables	$0
Short-Term Debt	$160M
Deferred Revenue	$0
Other Current Liabilities	$10.5B
TOTAL CURRENT LIABILITIES	$10.8B
Long-Term Debt	$267M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$294M
TOTAL LIABILITIES	$11.1B
Common Stock	$79M
Additional Paid-In Capital	$1.5B
Retained Earnings	-$90M
Treasury Stock	$0
Accum. Other Comp. Income	-$42M
Other Equity	$11M
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$12.6B
Total Debt	$427M
Net Debt	$100M