BankUnited, Inc. (BKU) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments315398215382195448268
Cash and cash equivalents315398215382195448268
Total current assets:315398215382195448268
Noncurrent Assets
Finance lease, right-of-use asset 2932
Operating lease, right-of-use asset6418593
Property, plant and equipment576058727991105
Intangible assets, net (including goodwill), including:78787878787878
Goodwill  7878787878
Other undisclosed intangible assets, net (including goodwill)7878(0)(0)(0)00
Amortization method qualified affordable housing project investments43505764647159
Total noncurrent assets:818302317213221240243
Other undisclosed assets34,68234,31132,34031,56929,93227,19223,373
TOTAL ASSETS:35,81535,01032,87132,16430,34727,88023,883
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation, including:721722429403403403403
Other undisclosed long-term debt and lease obligation721722429403403403403
Liabilities, other than long-term debt34821265352
Qualified affordable housing project investments, commitment34821265352
Total noncurrent liabilities:724726437424429456455
Other undisclosed liabilities32,05331,30129,45328,81726,89225,00621,185
Total liabilities:32,77832,02729,89129,24027,32125,46221,640
Stockholders' equity
Stockholders' equity attributable to parent3,0382,9832,9812,9243,0262,4182,244
Common stock1111111
Additional paid in capital7081,0181,0841,2201,4981,4261,407
Accumulated other comprehensive income (loss)(16)(49)(32)5554122
Retained earnings2,3452,0141,9281,6981,472950814
Total stockholders' equity:3,0382,9832,9812,9243,0262,4182,244
TOTAL LIABILITIES AND EQUITY:35,81535,01032,87132,16430,34727,88023,883

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8608741,0011,2921,091973818
Net investment income8078741,0011,2161,016908764
Cost of revenue (178)(9)(66)(104)(82)(63)
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)
Gross profit:8606959921,226987890755
Operating expenses(184)(118)(124)(363)(351)(328)(313)
Other operating income, net
(Noninterest Income, Other Operating Income)
28273130171414
Operating income:705604899893653576455
Nonoperating income
(Investment Income, Nonoperating)
618213   
Interest and debt expense(164)(316)(533)(399)(254)(189)(135)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (57)17(82)5(52)(23)
Income from continuing operations before equity method investments, income taxes:548249404416404335297
Other undisclosed loss from continuing operations before income taxes(98)      
Income from continuing operations before income taxes:449249404416404335297
Income tax expense (benefit)(34)(52)(91)(91)210(110)(45)
Net income attributable to parent:415198313325614226252
Other undisclosed net loss available to common stockholders, basic(6)(9)(13)(13)(23)(9)(10)
Net income available to common stockholders, basic:409189300312591217242
Other undisclosed net income (loss) available to common stockholders, diluted(1)(0)(0)(0)(0)00
Net income available to common stockholders, diluted:408189300312591217242

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:415198313325614226252
Other comprehensive income (loss)33(17)(37)(59)1419(24)
Comprehensive income, net of tax, attributable to parent:448181276266628245227

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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