RNST FY 2007 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2007 Earnings

Reported March 12, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$250M	—	$200M	—	25.0%
Op. Income	$45M	—	$39M	—	17.0%
Gross Margin	57.2%	—	63.7%	—	-6.5pp
Net Margin	12.4%	—	13.5%	—	-1.1pp
EPS (Diluted)	$1.64	—	$1.71	—	-4.1%
Free Cash Flow	$38M	—	$31M	—	23.8%

Revenue Flow

Item	Amount
REVENUE	$250M
Cost of Revenue	$107M
GROSS PROFIT	$143M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$55M
SG&A Expenses	$58M
Other Expenses	$40M
Operating Expenses	$98M
Cost & Expenses	$205M
OPERATING INCOME	$45M
Interest Income	$198M
Interest Expense	$102M
Other Income/Expenses	$0
INCOME BEFORE TAX	$45M
Income Tax Expense	$14M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$7M
EBIT	$45M
EBITDA	$52M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$250M
Cost of Revenue	$107M
GROSS PROFIT	$143M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$55M
SG&A Expenses	$58M
Other Expenses	$40M
Operating Expenses	$98M
Cost & Expenses	$205M
OPERATING INCOME	$45M
Interest Income	$198M
Interest Expense	$102M
Other Income/Expenses	$0
INCOME BEFORE TAX	$45M
Income Tax Expense	$14M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$7M
EBIT	$45M
EBITDA	$52M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$31M
Depreciation & Amortization	$7M
Stock-Based Compensation	$0
Deferred Income Tax	-$106.0K
Other Non-Cash Items	$1M
Change in Working Capital	$4M
OPERATING CASH FLOW	$43M
Capital Expenditure	-$5M
Acquisitions (Net)	-$53M
Purchases of Investments	-$167M
Sales/Maturities of Investments	$133M
Other Investing Activities	-$262M
NET CASH FROM INVESTING	-$354M
Net Debt Issuance	$324M
Common Stock Repurchased	$0
Common Dividends Paid	-$13M
Other Financing Activities	-$51M
NET CASH FROM FINANCING	$312M
FREE CASH FLOW	$38M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$100M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$100M
PP&E (Net)	$48M
Goodwill	$0
Intangible Assets	$197M
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$130M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$3.6B
Account Payables	$0
Short-Term Debt	$370M
Deferred Revenue	$0
Other Current Liabilities	$2.5B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$254M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$41M
TOTAL NON-CURRENT LIABILITIES	$295M
TOTAL LIABILITIES	$3.2B
Common Stock	$114M
Additional Paid-In Capital	$185M
Retained Earnings	$133M
Treasury Stock	-$31M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$399M
Minority Interest	$0
TOTAL EQUITY	$399M
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$624M
Net Debt	$525M