PNFP FY 2020 Earnings Report — Pinnacle Financial Partners, Inc. Revenue & Financial Results | Market Cap Arena

Pinnacle Financial Partners, Inc.PNFP

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.2B	—	0.3%
Op. Income	$371M	—	$498M	—	-25.4%
Gross Margin	66.4%	—	72.5%	—	-6.1pp
Net Margin	26.0%	—	33.5%	—	-7.5pp
EPS (Diluted)	$4.03	—	$5.22	—	-22.8%
Free Cash Flow	$387M	—	$389M	—	-0.6%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$403M
GROSS PROFIT	$796M
R&D Expenses	$0
Selling & Marketing	$11M
General & Administrative	$358M
SG&A Expenses	$369M
Other Expenses	$56M
Operating Expenses	$425M
Cost & Expenses	$828M
OPERATING INCOME	$371M
Interest Income	$1.0B
Interest Expense	$199M
Other Income/Expenses	$0
INCOME BEFORE TAX	$371M
Income Tax Expense	$59M
Net Income from Continuing Ops	$312M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$312M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$305M
D&A	$45M
EBIT	$371M
EBITDA	$417M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$403M
GROSS PROFIT	$796M
R&D Expenses	$0
Selling & Marketing	$11M
General & Administrative	$358M
SG&A Expenses	$369M
Other Expenses	$56M
Operating Expenses	$425M
Cost & Expenses	$828M
OPERATING INCOME	$371M
Interest Income	$1.0B
Interest Expense	$199M
Other Income/Expenses	$0
INCOME BEFORE TAX	$371M
Income Tax Expense	$59M
Net Income from Continuing Ops	$312M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$312M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$305M
D&A	$45M
EBIT	$371M
EBITDA	$417M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$312M
Depreciation & Amortization	$45M
Stock-Based Compensation	$19M
Deferred Income Tax	-$58M
Other Non-Cash Items	$197M
Change in Working Capital	-$88M
OPERATING CASH FLOW	$427M
Capital Expenditure	-$40M
Acquisitions (Net)	$0
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$671M
Other Investing Activities	-$2.7B
NET CASH FROM INVESTING	-$3.6B
Net Debt Issuance	-$1.1B
Common Stock Repurchased	-$53M
Common Dividends Paid	-$49M
Other Financing Activities	$7.5B
NET CASH FROM FINANCING	$6.6B
FREE CASH FLOW	$387M
Net Change in Cash	$3.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$3.6B
Net Receivables	$104M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.4B
PP&E (Net)	$290M
Goodwill	$1.8B
Intangible Assets	$42M
Long-Term Investments	$23.6B
Tax Assets	$0
Other Non-Current Assets	$1.8B
TOTAL NON-CURRENT ASSETS	$27.5B
TOTAL ASSETS	$34.9B
Account Payables	$25M
Short-Term Debt	$128M
Deferred Revenue	$0
Other Current Liabilities	$27.7B
TOTAL CURRENT LIABILITIES	$27.9B
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$411M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$30.0B
Common Stock	$76M
Additional Paid-In Capital	$3.0B
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	$176M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.9B
Minority Interest	$0
TOTAL EQUITY	$4.9B
TOTAL LIABILITIES & EQUITY	$34.9B
Total Debt	$1.9B
Net Debt	-$1.8B