UCB FY 2021 Earnings Report — United Community Banks, Inc. Revenue & Financial Results | Market Cap Arena

United Community Banks, Inc.UCB

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$716M	—	$696M	—	3.0%
Op. Income	$348M	—	$209M	—	66.0%
Gross Margin	101.1%	—	80.4%	—	20.7pp
Net Margin	37.7%	—	23.6%	—	14.1pp
EPS (Diluted)	$2.97	—	$1.91	—	55.5%
Free Cash Flow	$333M	—	$140M	—	137.4%

Revenue Flow

Item	Amount
REVENUE	$716M
Cost of Revenue	-$8M
GROSS PROFIT	$724M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$249M
SG&A Expenses	$255M
Other Expenses	$122M
Operating Expenses	$376M
Cost & Expenses	$369M
OPERATING INCOME	$348M
Interest Income	$579M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$348M
Income Tax Expense	$78M
Net Income from Continuing Ops	$270M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$270M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$261M
D&A	-$2M
EBIT	$348M
EBITDA	$346M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$716M
Cost of Revenue	-$8M
GROSS PROFIT	$724M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$249M
SG&A Expenses	$255M
Other Expenses	$122M
Operating Expenses	$376M
Cost & Expenses	$369M
OPERATING INCOME	$348M
Interest Income	$579M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$348M
Income Tax Expense	$78M
Net Income from Continuing Ops	$270M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$270M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$261M
D&A	-$2M
EBIT	$348M
EBITDA	$346M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$270M
Depreciation & Amortization	-$2M
Stock-Based Compensation	$7M
Deferred Income Tax	$21M
Other Non-Cash Items	-$49M
Change in Working Capital	$113M
OPERATING CASH FLOW	$359M
Capital Expenditure	-$26M
Acquisitions (Net)	$103M
Purchases of Investments	-$3.4B
Sales/Maturities of Investments	$1.3B
Other Investing Activities	$186M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	-$105M
Common Stock Repurchased	-$15M
Common Dividends Paid	-$67M
Other Financing Activities	$2.4B
NET CASH FROM FINANCING	$2.2B
FREE CASH FLOW	$333M
Net Change in Cash	$710M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$4.5B
Net Receivables	$43M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.8B
PP&E (Net)	$245M
Goodwill	$452M
Intangible Assets	$20M
Long-Term Investments	$12.9B
Tax Assets	$41M
Other Non-Current Assets	$456M
TOTAL NON-CURRENT ASSETS	$14.1B
TOTAL ASSETS	$20.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$18.2B
TOTAL CURRENT LIABILITIES	$18.5B
Long-Term Debt	$247M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$273M
TOTAL LIABILITIES	$18.7B
Common Stock	$89M
Additional Paid-In Capital	$1.7B
Retained Earnings	$331M
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	$11M
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$20.9B
Total Debt	$247M
Net Debt	-$2.0B