UCB FY 2019 Earnings Report — United Community Banks, Inc. Revenue & Financial Results | Market Cap Arena

United Community Banks, Inc.UCB

FY 2019 Earnings

Reported February 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$641M	—	$578M	—	11.0%
Op. Income	$239M	—	$216M	—	10.6%
Gross Margin	85.0%	—	87.7%	—	-2.8pp
Net Margin	29.0%	—	28.8%	—	0.2pp
EPS (Diluted)	$2.31	—	$2.07	—	11.6%
Free Cash Flow	$133M	—	$252M	—	-47.3%

Revenue Flow

Item	Amount
REVENUE	$641M
Cost of Revenue	$96M
GROSS PROFIT	$545M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$201M
SG&A Expenses	$208M
Other Expenses	$98M
Operating Expenses	$306M
Cost & Expenses	$402M
OPERATING INCOME	$239M
Interest Income	$553M
Interest Expense	$83M
Other Income/Expenses	$0
INCOME BEFORE TAX	$239M
Income Tax Expense	$53M
Net Income from Continuing Ops	$186M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$186M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$24M
EBIT	$239M
EBITDA	$263M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$641M
Cost of Revenue	$96M
GROSS PROFIT	$545M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$201M
SG&A Expenses	$208M
Other Expenses	$98M
Operating Expenses	$306M
Cost & Expenses	$402M
OPERATING INCOME	$239M
Interest Income	$553M
Interest Expense	$83M
Other Income/Expenses	$0
INCOME BEFORE TAX	$239M
Income Tax Expense	$53M
Net Income from Continuing Ops	$186M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$186M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$24M
EBIT	$239M
EBITDA	$263M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$186M
Depreciation & Amortization	$24M
Stock-Based Compensation	$9M
Deferred Income Tax	$15M
Other Non-Cash Items	$7M
Change in Working Capital	-$87M
OPERATING CASH FLOW	$154M
Capital Expenditure	-$21M
Acquisitions (Net)	-$20M
Purchases of Investments	-$354M
Sales/Maturities of Investments	$752M
Other Investing Activities	-$195M
NET CASH FROM INVESTING	$163M
Net Debt Issuance	-$215M
Common Stock Repurchased	-$15M
Common Dividends Paid	-$53M
Other Financing Activities	$154M
NET CASH FROM FINANCING	-$129M
FREE CASH FLOW	$133M
Net Change in Cash	$188M

Balance Sheet

Item	Amount
Cash & Equivalents	$515M
Short-Term Investments	$2.3B
Net Receivables	$33M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$216M
Goodwill	$327M
Intangible Assets	$15M
Long-Term Investments	$9.1B
Tax Assets	$34M
Other Non-Current Assets	$374M
TOTAL NON-CURRENT ASSETS	$10.1B
TOTAL ASSETS	$12.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$10.9B
TOTAL CURRENT LIABILITIES	$11.1B
Long-Term Debt	$213M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$228M
TOTAL LIABILITIES	$11.3B
Common Stock	$79M
Additional Paid-In Capital	$1.5B
Retained Earnings	$40M
Treasury Stock	$0
Accum. Other Comp. Income	$8M
Other Equity	$11M
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$12.9B
Total Debt	$213M
Net Debt	-$303M