PNFP FY 2012 Earnings Report — Pinnacle Financial Partners, Inc. Revenue & Financial Results | Market Cap Arena

Pinnacle Financial Partners, Inc.PNFP

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$220M	—	$215M	—	2.3%
Op. Income	$63M	—	$29M	—	119.4%
Gross Margin	87.2%	—	72.7%	—	14.5pp
Net Margin	19.1%	—	20.4%	—	-1.3pp
EPS (Diluted)	$1.10	—	$1.09	—	0.9%
Free Cash Flow	$108M	—	$111M	—	-2.4%

Revenue Flow

Item	Amount
REVENUE	$220M
Cost of Revenue	$28M
GROSS PROFIT	$191M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$86M
SG&A Expenses	$90M
Other Expenses	$39M
Operating Expenses	$129M
Cost & Expenses	$157M
OPERATING INCOME	$63M
Interest Income	$185M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$63M
Income Tax Expense	$21M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$10M
EBIT	$63M
EBITDA	$73M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$220M
Cost of Revenue	$28M
GROSS PROFIT	$191M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$86M
SG&A Expenses	$90M
Other Expenses	$39M
Operating Expenses	$129M
Cost & Expenses	$157M
OPERATING INCOME	$63M
Interest Income	$185M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$63M
Income Tax Expense	$21M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$10M
EBIT	$63M
EBITDA	$73M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$10M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	$14M
Change in Working Capital	$42M
OPERATING CASH FLOW	$114M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$223M
Sales/Maturities of Investments	$419M
Other Investing Activities	-$441M
NET CASH FROM INVESTING	-$250M
Net Debt Issuance	-$141M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$344M
NET CASH FROM FINANCING	$129M
FREE CASH FLOW	$108M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$163M
Short-Term Investments	$707M
Net Receivables	$15M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$885M
PP&E (Net)	$76M
Goodwill	$244M
Intangible Assets	$5M
Long-Term Investments	$3.7B
Tax Assets	$0
Other Non-Current Assets	$119M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$5.0B
Account Payables	$1M
Short-Term Debt	$115M
Deferred Revenue	$0
Other Current Liabilities	$4.0B
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$182M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$48M
TOTAL NON-CURRENT LIABILITIES	$230M
TOTAL LIABILITIES	$4.4B
Common Stock	$35M
Additional Paid-In Capital	$544M
Retained Earnings	$87M
Treasury Stock	$0
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$679M
Minority Interest	$0
TOTAL EQUITY	$679M
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$297M
Net Debt	$133M