UCB FY 2020 Earnings Report — United Community Banks, Inc. Revenue & Financial Results | Market Cap Arena

United Community Banks, Inc.UCB

FY 2020 Earnings

Reported February 25, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$696M	—	$641M	—	8.5%
Op. Income	$209M	—	$239M	—	-12.3%
Gross Margin	80.4%	—	85.0%	—	-4.6pp
Net Margin	23.6%	—	29.0%	—	-5.4pp
EPS (Diluted)	$1.91	—	$2.31	—	-17.3%
Free Cash Flow	$140M	—	$133M	—	5.4%

Revenue Flow

Item	Amount
REVENUE	$696M
Cost of Revenue	$137M
GROSS PROFIT	$559M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$230M
SG&A Expenses	$245M
Other Expenses	$104M
Operating Expenses	$349M
Cost & Expenses	$486M
OPERATING INCOME	$209M
Interest Income	$558M
Interest Expense	$56M
Other Income/Expenses	$0
INCOME BEFORE TAX	$209M
Income Tax Expense	$45M
Net Income from Continuing Ops	$164M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$159M
D&A	-$9M
EBIT	$209M
EBITDA	$201M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$696M
Cost of Revenue	$137M
GROSS PROFIT	$559M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$230M
SG&A Expenses	$245M
Other Expenses	$104M
Operating Expenses	$349M
Cost & Expenses	$486M
OPERATING INCOME	$209M
Interest Income	$558M
Interest Expense	$56M
Other Income/Expenses	$0
INCOME BEFORE TAX	$209M
Income Tax Expense	$45M
Net Income from Continuing Ops	$164M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$159M
D&A	-$9M
EBIT	$209M
EBITDA	$201M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$164M
Depreciation & Amortization	-$9M
Stock-Based Compensation	$8M
Deferred Income Tax	$3M
Other Non-Cash Items	$74M
Change in Working Capital	-$82M
OPERATING CASH FLOW	$159M
Capital Expenditure	-$18M
Acquisitions (Net)	$196M
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$934M
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	-$31M
Common Stock Repurchased	-$21M
Common Dividends Paid	-$59M
Other Financing Activities	$2.5B
NET CASH FROM FINANCING	$2.5B
FREE CASH FLOW	$140M
Net Change in Cash	$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$3.2B
Net Receivables	$48M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.9B
PP&E (Net)	$218M
Goodwill	$368M
Intangible Assets	$14M
Long-Term Investments	$11.8B
Tax Assets	$38M
Other Non-Current Assets	$428M
TOTAL NON-CURRENT ASSETS	$12.9B
TOTAL ASSETS	$17.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$15.2B
TOTAL CURRENT LIABILITIES	$15.4B
Long-Term Debt	$327M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$356M
TOTAL LIABILITIES	$15.8B
Common Stock	$87M
Additional Paid-In Capital	$1.6B
Retained Earnings	$137M
Treasury Stock	$0
Accum. Other Comp. Income	$38M
Other Equity	$11M
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$17.8B
Total Debt	$327M
Net Debt	-$1.3B