RNST FY 2008 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2008 Earnings

Reported March 6, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$255M	—	$250M	—	1.8%
Op. Income	$33M	—	$45M	—	-27.6%
Gross Margin	55.2%	—	57.2%	—	-2.0pp
Net Margin	9.4%	—	12.4%	—	-3.0pp
EPS (Diluted)	$1.14	—	$1.64	—	-30.5%
Free Cash Flow	$58M	—	$38M	—	52.9%

Revenue Flow

Item	Amount
REVENUE	$255M
Cost of Revenue	$114M
GROSS PROFIT	$141M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$67M
SG&A Expenses	$72M
Other Expenses	$36M
Operating Expenses	$108M
Cost & Expenses	$222M
OPERATING INCOME	$33M
Interest Income	$201M
Interest Expense	$92M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$9M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$7M
EBIT	$33M
EBITDA	$39M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$255M
Cost of Revenue	$114M
GROSS PROFIT	$141M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$67M
SG&A Expenses	$72M
Other Expenses	$36M
Operating Expenses	$108M
Cost & Expenses	$222M
OPERATING INCOME	$33M
Interest Income	$201M
Interest Expense	$92M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$9M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$7M
EBIT	$33M
EBITDA	$39M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$7M
Stock-Based Compensation	$1M
Deferred Income Tax	$2M
Other Non-Cash Items	$18M
Change in Working Capital	$11M
OPERATING CASH FLOW	$63M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$326M
Sales/Maturities of Investments	$160M
Other Investing Activities	$15M
NET CASH FROM INVESTING	-$156M
Net Debt Issuance	$310M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$14M
Other Financing Activities	-$199M
NET CASH FROM FINANCING	$94M
FREE CASH FLOW	$58M
Net Change in Cash	$601.0K

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)	$47M
Goodwill	$0
Intangible Assets	$193M
Long-Term Investments	$3.2B
Tax Assets	$0
Other Non-Current Assets	$142M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$3.7B
Account Payables	$0
Short-Term Debt	$315M
Deferred Revenue	$0
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$619M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$37M
TOTAL NON-CURRENT LIABILITIES	$657M
TOTAL LIABILITIES	$3.3B
Common Stock	$114M
Additional Paid-In Capital	$184M
Retained Earnings	$142M
Treasury Stock	-$28M
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$400M
Minority Interest	$0
TOTAL EQUITY	$400M
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$934M
Net Debt	$834M