PNFP FY 2018 Earnings Report — Pinnacle Financial Partners, Inc. Revenue & Financial Results | Market Cap Arena

Pinnacle Financial Partners, Inc.PNFP

FY 2018 Earnings

Reported February 28, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.0B	—	$715M	—	46.8%
Op. Income	$450M	—	$298M	—	51.0%
Gross Margin	76.7%	—	83.7%	—	-7.0pp
Net Margin	34.2%	—	24.3%	—	9.9pp
EPS (Diluted)	$4.64	—	$2.70	—	71.9%
Free Cash Flow	$447M	—	$112M	—	297.8%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$245M
GROSS PROFIT	$805M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$288M
SG&A Expenses	$299M
Other Expenses	$55M
Operating Expenses	$355M
Cost & Expenses	$600M
OPERATING INCOME	$450M
Interest Income	$947M
Interest Expense	$210M
Other Income/Expenses	$0
INCOME BEFORE TAX	$450M
Income Tax Expense	$91M
Net Income from Continuing Ops	$359M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$359M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$359M
D&A	-$24M
EBIT	$450M
EBITDA	$426M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$245M
GROSS PROFIT	$805M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$288M
SG&A Expenses	$299M
Other Expenses	$55M
Operating Expenses	$355M
Cost & Expenses	$600M
OPERATING INCOME	$450M
Interest Income	$947M
Interest Expense	$210M
Other Income/Expenses	$0
INCOME BEFORE TAX	$450M
Income Tax Expense	$91M
Net Income from Continuing Ops	$359M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$359M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$359M
D&A	-$24M
EBIT	$450M
EBITDA	$426M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$359M
Depreciation & Amortization	-$24M
Stock-Based Compensation	$18M
Deferred Income Tax	$12M
Other Non-Cash Items	$69M
Change in Working Capital	$36M
OPERATING CASH FLOW	$471M
Capital Expenditure	-$24M
Acquisitions (Net)	$0
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$499M
Other Investing Activities	-$2.1B
NET CASH FROM INVESTING	-$3.0B
Net Debt Issuance	$143M
Common Stock Repurchased	-$21M
Common Dividends Paid	-$45M
Other Financing Activities	$2.4B
NET CASH FROM FINANCING	$2.4B
FREE CASH FLOW	$447M
Net Change in Cash	-$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$654M
Short-Term Investments	$3.1B
Net Receivables	$80M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$266M
Goodwill	$1.8B
Intangible Assets	$46M
Long-Term Investments	$18.1B
Tax Assets	$0
Other Non-Current Assets	$987M
TOTAL NON-CURRENT ASSETS	$21.2B
TOTAL ASSETS	$25.0B
Account Payables	$24M
Short-Term Debt	$105M
Deferred Revenue	$0
Other Current Liabilities	$18.8B
TOTAL CURRENT LIABILITIES	$19.0B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$159M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$21.1B
Common Stock	$77M
Additional Paid-In Capital	$3.1B
Retained Earnings	$833M
Treasury Stock	$0
Accum. Other Comp. Income	-$52M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.0B
Minority Interest	$0
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$25.0B
Total Debt	$2.0B
Net Debt	$1.4B