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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments215230443241382280379
Cash and cash equivalents215230443241382280379
Total current assets:215230443241382280379
Noncurrent Assets
Finance lease, right-of-use asset3277 
Operating lease, right-of-use asset939388 
Property, plant and equipment58   72  
Intangible assets, net (including goodwill), including:78787878787878
Goodwill78   78  
Other undisclosed intangible assets, net (including goodwill)(0)787878(0)7878
Amortization method qualified affordable housing project investments57   645961
Total noncurrent assets:31717717278213137139
Other undisclosed assets32,34032,54332,47832,38431,56931,09730,832
TOTAL ASSETS:32,87132,95133,09232,70332,16431,51431,350
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation, including:429404404403403403403
Other undisclosed long-term debt and lease obligation429404404403403403403
Liabilities, other than long-term debt8   211720
Qualified affordable housing project investments, commitment8   211720
Total noncurrent liabilities:437404404403424420423
Other undisclosed liabilities29,45329,63729,82129,37728,81728,01927,827
Total liabilities:29,89130,04130,22429,78029,24028,43928,250
Stockholders' equity
Stockholders' equity attributable to parent2,9812,9092,8682,9232,9243,0753,099
Common stock1111111
Additional paid in capital1,0841,0781,0811,1791,2201,3651,456
Accumulated other comprehensive income (loss)(32)(29)(17)154251
Retained earnings1,9281,8591,8031,7431,6981,6671,592
Total stockholders' equity:2,9812,9092,8682,9232,9243,0753,099
TOTAL LIABILITIES AND EQUITY:32,87132,95133,09232,70332,16431,51431,350

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues247254254267366316314
Net investment income247254254245347298293
Cost of revenue0(2) (22)(24)(11)(18)
Cost of goods and services sold   (12)(11)(10)(9)
Provision for loan, lease, and other losses0(2)     
Financial services costs(10)(13)(1)(9)
Gross profit:248252254244343305295
Operating expenses(30)(29)(33)(97)(85)(94)(91)
Other operating income, net
(Noninterest Income, Other Operating Income)
106871265
Operating income:229230229153270217209
Nonoperating income
(Investment Income, Nonoperating)
7446002
Interest and debt expense(124)(142)(136)(131)(120)(106)(94)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(7)91262(81)7(1)
Income from continuing operations before income taxes:1051001099069119117
Income tax expense(15)(24)(27)(24)(17)(21)(27)
Net income attributable to parent:89768166529790
Other undisclosed net loss available to common stockholders, basic(4)(3)(3)(3)(3)(4)(3)
Net income available to common stockholders, basic:85737863509486
Other undisclosed net income (loss) available to common stockholders, diluted(0)000(0)00
Net income available to common stockholders, diluted:85737863509486

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:89768166529790
Other comprehensive loss(3)(11)(18)(4)(37)(9)(6)
Comprehensive income, net of tax, attributable to parent:86656362158984

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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