PNFP FY 2011 Earnings Report — Pinnacle Financial Partners, Inc. Revenue & Financial Results | Market Cap Arena

Pinnacle Financial Partners, Inc.PNFP

FY 2011 Earnings

Reported March 2, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$215M	—	$240M	—	-10.5%
Op. Income	$29M	—	-$20M	—	243.3%
Gross Margin	72.7%	—	53.0%	—	19.7pp
Net Margin	20.4%	—	-10.1%	—	30.5pp
EPS (Diluted)	$1.09	—	$-0.93	—	217.2%
Free Cash Flow	$111M	—	$120M	—	-7.5%

Revenue Flow

Item	Amount
REVENUE	$215M
Cost of Revenue	$59M
GROSS PROFIT	$156M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$82M
SG&A Expenses	$85M
Other Expenses	$42M
Operating Expenses	$127M
Cost & Expenses	$186M
OPERATING INCOME	$29M
Interest Income	$188M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	-$15M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$11M
EBIT	$29M
EBITDA	$39M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$215M
Cost of Revenue	$59M
GROSS PROFIT	$156M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$82M
SG&A Expenses	$85M
Other Expenses	$42M
Operating Expenses	$127M
Cost & Expenses	$186M
OPERATING INCOME	$29M
Interest Income	$188M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	-$15M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$11M
EBIT	$29M
EBITDA	$39M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$44M
Depreciation & Amortization	$11M
Stock-Based Compensation	$5M
Deferred Income Tax	-$23M
Other Non-Cash Items	$23M
Change in Working Capital	$53M
OPERATING CASH FLOW	$113M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$269M
Sales/Maturities of Investments	$402M
Other Investing Activities	-$145M
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	$105M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$192M
NET CASH FROM FINANCING	-$116M
FREE CASH FLOW	$111M
Net Change in Cash	-$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$171M
Short-Term Investments	$895M
Net Receivables	$15M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$77M
Goodwill	$244M
Intangible Assets	$8M
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	$154M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$4.9B
Account Payables	$2M
Short-Term Debt	$132M
Deferred Revenue	$0
Other Current Liabilities	$3.7B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$324M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$42M
TOTAL NON-CURRENT LIABILITIES	$366M
TOTAL LIABILITIES	$4.2B
Common Stock	$34M
Additional Paid-In Capital	$536M
Retained Earnings	$50M
Treasury Stock	$0
Accum. Other Comp. Income	$17M
Other Equity	$3M
TOTAL STOCKHOLDERS' EQUITY	$710M
Minority Interest	$0
TOTAL EQUITY	$710M
TOTAL LIABILITIES & EQUITY	$4.9B
Total Debt	$455M
Net Debt	$284M