RNST FY 2009 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2009 Earnings

Reported March 5, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$228M	—	$255M	—	-10.5%
Op. Income	$24M	—	$33M	—	-25.5%
Gross Margin	57.0%	—	55.2%	—	1.9pp
Net Margin	8.1%	—	9.4%	—	-1.3pp
EPS (Diluted)	$0.87	—	$1.14	—	-23.7%
Free Cash Flow	$49M	—	$58M	—	-16.7%

Revenue Flow

Item	Amount
REVENUE	$228M
Cost of Revenue	$98M
GROSS PROFIT	$130M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$65M
SG&A Expenses	$69M
Other Expenses	$37M
Operating Expenses	$106M
Cost & Expenses	$204M
OPERATING INCOME	$24M
Interest Income	$171M
Interest Expense	$71M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$6M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$9M
EBIT	$24M
EBITDA	$33M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$228M
Cost of Revenue	$98M
GROSS PROFIT	$130M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$65M
SG&A Expenses	$69M
Other Expenses	$37M
Operating Expenses	$106M
Cost & Expenses	$204M
OPERATING INCOME	$24M
Interest Income	$171M
Interest Expense	$71M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$6M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$9M
EBIT	$24M
EBITDA	$33M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$9M
Stock-Based Compensation	$626.0K
Deferred Income Tax	-$447.0K
Other Non-Cash Items	$41M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$50M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$363M
Sales/Maturities of Investments	$348M
Other Investing Activities	$112M
NET CASH FROM INVESTING	$97M
Net Debt Issuance	-$316M
Common Stock Repurchased	$0
Common Dividends Paid	-$14M
Other Financing Activities	$232M
NET CASH FROM FINANCING	-$98M
FREE CASH FLOW	$49M
Net Change in Cash	$48M

Balance Sheet

Item	Amount
Cash & Equivalents	$149M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$149M
PP&E (Net)	$44M
Goodwill	$185M
Intangible Assets	$6M
Long-Term Investments	$3.0B
Tax Assets	$0
Other Non-Current Assets	$209M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$3.6B
Account Payables	$0
Short-Term Debt	$22M
Deferred Revenue	$0
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$596M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$37M
TOTAL NON-CURRENT LIABILITIES	$632M
TOTAL LIABILITIES	$3.2B
Common Stock	$114M
Additional Paid-In Capital	$185M
Retained Earnings	$147M
Treasury Stock	-$28M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$410M
Minority Interest	$0
TOTAL EQUITY	$410M
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$618M
Net Debt	$469M