PNFP FY 2015 Earnings Report — Pinnacle Financial Partners, Inc. Revenue & Financial Results | Market Cap Arena

Pinnacle Financial Partners, Inc.PNFP

FY 2015 Earnings

Reported February 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$307M	—	$249M	—	23.4%
Op. Income	$143M	—	$106M	—	35.4%
Gross Margin	91.0%	—	93.2%	—	-2.3pp
Net Margin	31.1%	—	28.3%	—	2.8pp
EPS (Diluted)	$2.52	—	$2.01	—	25.4%
Free Cash Flow	$74M	—	$89M	—	-17.3%

Revenue Flow

Item	Amount
REVENUE	$307M
Cost of Revenue	$28M
GROSS PROFIT	$280M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$115M
SG&A Expenses	$120M
Other Expenses	$17M
Operating Expenses	$137M
Cost & Expenses	$164M
OPERATING INCOME	$143M
Interest Income	$255M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$143M
Income Tax Expense	$48M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$10M
EBIT	$143M
EBITDA	$153M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$307M
Cost of Revenue	$28M
GROSS PROFIT	$280M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$115M
SG&A Expenses	$120M
Other Expenses	$17M
Operating Expenses	$137M
Cost & Expenses	$164M
OPERATING INCOME	$143M
Interest Income	$255M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$143M
Income Tax Expense	$48M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$10M
EBIT	$143M
EBITDA	$153M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$96M
Depreciation & Amortization	$10M
Stock-Based Compensation	$7M
Deferred Income Tax	$6M
Other Non-Cash Items	-$24M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$85M
Capital Expenditure	-$11M
Acquisitions (Net)	$6M
Purchases of Investments	-$421M
Sales/Maturities of Investments	$344M
Other Investing Activities	-$660M
NET CASH FROM INVESTING	-$743M
Net Debt Issuance	$51M
Common Stock Repurchased	$0
Common Dividends Paid	-$18M
Other Financing Activities	$758M
NET CASH FROM FINANCING	$791M
FREE CASH FLOW	$74M
Net Change in Cash	$133M

Balance Sheet

Item	Amount
Cash & Equivalents	$294M
Short-Term Investments	$935M
Net Receivables	$22M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$78M
Goodwill	$432M
Intangible Assets	$11M
Long-Term Investments	$6.6B
Tax Assets	$0
Other Non-Current Assets	$297M
TOTAL NON-CURRENT ASSETS	$7.5B
TOTAL ASSETS	$8.7B
Account Payables	$3M
Short-Term Debt	$79M
Deferred Revenue	$0
Other Current Liabilities	$7.0B
TOTAL CURRENT LIABILITIES	$7.1B
Long-Term Debt	$442M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$64M
TOTAL NON-CURRENT LIABILITIES	$506M
TOTAL LIABILITIES	$7.6B
Common Stock	$41M
Additional Paid-In Capital	$840M
Retained Earnings	$279M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$8.7B
Total Debt	$521M
Net Debt	$227M