PNFP FY 2008 Earnings Report — Pinnacle Financial Partners, Inc. Revenue & Financial Results | Market Cap Arena

Pinnacle Financial Partners, Inc.PNFP

FY 2008 Earnings

Reported February 19, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$241M	—	$173M	—	38.8%
Op. Income	$43M	—	$33M	—	30.9%
Gross Margin	57.2%	—	53.9%	—	3.3pp
Net Margin	12.8%	—	13.3%	—	-0.5pp
EPS (Diluted)	$1.27	—	$1.34	—	-5.2%
Free Cash Flow	$24M	—	$10M	—	134.3%

Revenue Flow

Item	Amount
REVENUE	$241M
Cost of Revenue	$103M
GROSS PROFIT	$138M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$52M
SG&A Expenses	$54M
Other Expenses	$40M
Operating Expenses	$94M
Cost & Expenses	$198M
OPERATING INCOME	$43M
Interest Income	$206M
Interest Expense	$92M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$12M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$7M
EBIT	$43M
EBITDA	$51M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$241M
Cost of Revenue	$103M
GROSS PROFIT	$138M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$52M
SG&A Expenses	$54M
Other Expenses	$40M
Operating Expenses	$94M
Cost & Expenses	$198M
OPERATING INCOME	$43M
Interest Income	$206M
Interest Expense	$92M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$12M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$7M
EBIT	$43M
EBITDA	$51M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$31M
Depreciation & Amortization	$7M
Stock-Based Compensation	$2M
Deferred Income Tax	-$3M
Other Non-Cash Items	$7M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$34M
Capital Expenditure	-$9M
Acquisitions (Net)	-$4M
Purchases of Investments	-$532M
Sales/Maturities of Investments	$217M
Other Investing Activities	-$644M
NET CASH FROM INVESTING	-$972M
Net Debt Issuance	$144M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$646M
NET CASH FROM FINANCING	$906M
FREE CASH FLOW	$24M
Net Change in Cash	-$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$77M
Short-Term Investments	$0
Net Receivables	$18M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$95M
PP&E (Net)	$69M
Goodwill	$244M
Intangible Assets	$17M
Long-Term Investments	$4.2B
Tax Assets	$0
Other Non-Current Assets	$102M
TOTAL NON-CURRENT ASSETS	$4.7B
TOTAL ASSETS	$4.8B
Account Payables	$8M
Short-Term Debt	$256M
Deferred Revenue	$0
Other Current Liabilities	$3.5B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$299M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$30M
TOTAL NON-CURRENT LIABILITIES	$329M
TOTAL LIABILITIES	$4.1B
Common Stock	$24M
Additional Paid-In Capital	$417M
Retained Earnings	$84M
Treasury Stock	$0
Accum. Other Comp. Income	$7M
Other Equity	$7M
TOTAL STOCKHOLDERS' EQUITY	$627M
Minority Interest	$0
TOTAL EQUITY	$627M
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$555M
Net Debt	$478M