PNFP FY 2017 Earnings Report — Pinnacle Financial Partners, Inc. Revenue & Financial Results | Market Cap Arena

Pinnacle Financial Partners, Inc.PNFP

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$715M	—	$431M	—	65.8%
Op. Income	$298M	—	$191M	—	55.7%
Gross Margin	83.7%	—	86.8%	—	-3.1pp
Net Margin	24.3%	—	29.5%	—	-5.2pp
EPS (Diluted)	$2.70	—	$2.91	—	-7.2%
Free Cash Flow	$112M	—	$135M	—	-16.9%

Revenue Flow

Item	Amount
REVENUE	$715M
Cost of Revenue	$116M
GROSS PROFIT	$598M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$223M
SG&A Expenses	$231M
Other Expenses	$69M
Operating Expenses	$300M
Cost & Expenses	$417M
OPERATING INCOME	$298M
Interest Income	$636M
Interest Expense	$93M
Other Income/Expenses	$0
INCOME BEFORE TAX	$298M
Income Tax Expense	$124M
Net Income from Continuing Ops	$174M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$174M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	-$24M
EBIT	$298M
EBITDA	$274M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$715M
Cost of Revenue	$116M
GROSS PROFIT	$598M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$223M
SG&A Expenses	$231M
Other Expenses	$69M
Operating Expenses	$300M
Cost & Expenses	$417M
OPERATING INCOME	$298M
Interest Income	$636M
Interest Expense	$93M
Other Income/Expenses	$0
INCOME BEFORE TAX	$298M
Income Tax Expense	$124M
Net Income from Continuing Ops	$174M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$174M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	-$24M
EBIT	$298M
EBITDA	$274M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$174M
Depreciation & Amortization	-$24M
Stock-Based Compensation	$20M
Deferred Income Tax	$60M
Other Non-Cash Items	-$9M
Change in Working Capital	-$55M
OPERATING CASH FLOW	$166M
Capital Expenditure	-$53M
Acquisitions (Net)	$155M
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$691M
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$913M
Common Stock Repurchased	$0
Common Dividends Paid	-$36M
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	$2.5B
FREE CASH FLOW	$112M
Net Change in Cash	$596M

Balance Sheet

Item	Amount
Cash & Equivalents	$653M
Short-Term Investments	$2.5B
Net Receivables	$57M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$266M
Goodwill	$1.8B
Intangible Assets	$57M
Long-Term Investments	$15.9B
Tax Assets	$0
Other Non-Current Assets	$912M
TOTAL NON-CURRENT ASSETS	$19.0B
TOTAL ASSETS	$22.2B
Account Payables	$10M
Short-Term Debt	$135M
Deferred Revenue	$0
Other Current Liabilities	$16.5B
TOTAL CURRENT LIABILITIES	$16.6B
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$115M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$18.5B
Common Stock	$78M
Additional Paid-In Capital	$3.1B
Retained Earnings	$519M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$0
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$22.2B
Total Debt	$1.9B
Net Debt	$1.3B