BankUnited, Inc. (BKU) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments215382195448268188253
Cash and cash equivalents215382195448268188253
Total current assets:215382195448268188253
Noncurrent Assets
Finance lease, right-of-use asset32
Operating lease, right-of-use asset93
Property, plant and equipment5872799110510594
Intangible assets, net (including goodwill), including:78787878786869
Goodwill78787878786767
Other undisclosed intangible assets, net (including goodwill)(0)(0)(0)0012
Amortization method qualified affordable housing project investments5764647159
Total noncurrent assets:317213221240243174163
Other undisclosed assets32,34031,56929,93227,19223,37318,84914,631
TOTAL ASSETS:32,87132,16430,34727,88023,88319,21115,047
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation, including:429403403403403  
Other undisclosed long-term debt and lease obligation429403403403403  
Liabilities, other than long-term debt821265352  
Qualified affordable housing project investments, commitment821265352
Total noncurrent liabilities:437424429456455  
Other undisclosed liabilities29,45328,81726,89225,00621,18517,15813,118
Total liabilities:29,89129,24027,32125,46221,64017,15813,118
Stockholders' equity
Stockholders' equity attributable to parent2,9812,9243,0262,4182,2442,0531,929
Common stock1111111
Additional paid in capital1,0841,2201,4981,4261,4071,3541,335
Accumulated other comprehensive income (loss)(32)55541224657
Retained earnings1,9281,6981,472950814652535
Total stockholders' equity:2,9812,9243,0262,4182,2442,0531,929
TOTAL LIABILITIES AND EQUITY:32,87132,16430,34727,88023,88319,21115,047

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,0011,2921,09197381822 
Revenue, net6254453622 
Net investment income1,0011,2161,016908764  
Cost of revenue(9)(66)(104)(82)(63)(42)(32)
Cost of goods and services sold (40)(35)(32)(18)  
Provision for loan, lease, and other losses(9) 
Financial services costs(26)(69)(51)(44)(42)(32)
Gross profit:9921,226987890755(20)(32)
Operating expenses(124)(363)(351)(328)(313)(231)(207)
Other operating income, net
(Noninterest Income, Other Operating Income)
31301714141421
Operating income (loss):899893653576455(237)(218)
Nonoperating income213   912
Investment income, nonoperating213   4 
Gains on sales of other real estate     310
Bank owned life insurance income     32
Interest and debt expense(533)(399)(254)(189)(135)(107)(93)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes17(82)5(52)(23)627617
Income from continuing operations before income taxes:404416404335297293318
Income tax expense (benefit)(91)(91)210(110)(45)(89)(109)
Net income attributable to parent:313325614226252204209
Other undisclosed net loss available to common stockholders, basic(13)(13)(23)(9)(10)  
Net income available to common stockholders, basic:300312591217242204209
Other undisclosed net income (loss) available to common stockholders, diluted(0)(0)(0)00(8)(8)
Net income available to common stockholders, diluted:300312591217242196201

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:313325614226252204209
Other comprehensive income (loss)(37)(59)1419(24)(11)(26)
Comprehensive income, net of tax, attributable to parent:276266628245227193182

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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