BankUnited, Inc. (BKU) financial statements (2021 and earlier)

Company profile

Business Address 14817 OAK LANE
MIAMI LAKES, FL 33016
State of Incorp. DE
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments398215382195448268188
Cash and cash equivalents398215382195448268188
Total current assets:398215382195448268188
Noncurrent Assets
Finance lease, right-of-use asset2932
Operating lease, right-of-use asset8593
Property, plant and equipment6058727991105105
Intangible assets, net (including goodwill), including:78787878787868
Goodwill 787878787867
Other undisclosed intangible assets, net (including goodwill)78(0)(0)(0)001
Amortization method qualified affordable housing project investments505764647159
Total noncurrent assets:302317213221240243174
Other undisclosed assets34,31132,34031,56929,93227,19223,37318,849
TOTAL ASSETS:35,01032,87132,16430,34727,88023,88319,211
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation, including:722429403403403403 
Other undisclosed long-term debt and lease obligation722429403403403403 
Liabilities, other than long-term debt4821265352 
Qualified affordable housing project investments, commitment4821265352
Total noncurrent liabilities:726437424429456455 
Other undisclosed liabilities31,30129,45328,81726,89225,00621,18517,158
Total liabilities:32,02729,89129,24027,32125,46221,64017,158
Stockholders' equity
Stockholders' equity attributable to parent2,9832,9812,9243,0262,4182,2442,053
Common stock1111111
Additional paid in capital1,0181,0841,2201,4981,4261,4071,354
Accumulated other comprehensive income (loss)(49)(32)555412246
Retained earnings2,0141,9281,6981,472950814652
Total stockholders' equity:2,9832,9812,9243,0262,4182,2442,053
TOTAL LIABILITIES AND EQUITY:35,01032,87132,16430,34727,88023,88319,211

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8741,0011,2921,09197381822
Revenue, net6254453622
Net investment income8741,0011,2161,016908764 
Cost of revenue(178)(9)(66)(104)(82)(63)(42)
Cost of goods and services sold  (40)(35)(32)(18) 
Provision for loan, lease, and other losses(178)(9) 
Financial services costs(26)(69)(51)(44)(42)
Gross profit:6959921,226987890755(20)
Operating expenses(118)(124)(363)(351)(328)(313)(231)
Other operating income, net
(Noninterest Income, Other Operating Income)
27313017141414
Operating income (loss):604899893653576455(237)
Nonoperating income18213   9
Investment income, nonoperating18213   4
Gains on sales of other real estate      3
Bank owned life insurance income      3
Interest and debt expense(316)(533)(399)(254)(189)(135)(107)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(57)17(82)5(52)(23)627
Income from continuing operations before income taxes:249404416404335297293
Income tax expense (benefit)(52)(91)(91)210(110)(45)(89)
Net income attributable to parent:198313325614226252204
Other undisclosed net loss available to common stockholders, basic(9)(13)(13)(23)(9)(10) 
Net income available to common stockholders, basic:189300312591217242204
Other undisclosed net income (loss) available to common stockholders, diluted(0)(0)(0)(0)00(8)
Net income available to common stockholders, diluted:189300312591217242196

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:198313325614226252204
Other comprehensive income (loss)(17)(37)(59)1419(24)(11)
Comprehensive income, net of tax, attributable to parent:181276266628245227193

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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