RNST FY 2010 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2010 Earnings

Reported March 9, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$216M	—	$228M	—	-5.3%
Op. Income	$47M	—	$24M	—	91.5%
Gross Margin	57.9%	—	57.0%	—	0.8pp
Net Margin	14.7%	—	8.1%	—	6.5pp
EPS (Diluted)	$1.38	—	$0.87	—	58.6%
Free Cash Flow	$89M	—	$49M	—	82.5%

Revenue Flow

Item	Amount
REVENUE	$216M
Cost of Revenue	$91M
GROSS PROFIT	$125M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$69M
SG&A Expenses	$72M
Other Expenses	$6M
Operating Expenses	$78M
Cost & Expenses	$169M
OPERATING INCOME	$47M
Interest Income	$165M
Interest Expense	$60M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$15M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$10M
EBIT	$47M
EBITDA	$56M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$216M
Cost of Revenue	$91M
GROSS PROFIT	$125M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$69M
SG&A Expenses	$72M
Other Expenses	$6M
Operating Expenses	$78M
Cost & Expenses	$169M
OPERATING INCOME	$47M
Interest Income	$165M
Interest Expense	$60M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$15M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$10M
EBIT	$47M
EBITDA	$56M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$10M
Stock-Based Compensation	$752.0K
Deferred Income Tax	$10M
Other Non-Cash Items	-$14M
Change in Working Capital	$63M
OPERATING CASH FLOW	$100M
Capital Expenditure	-$12M
Acquisitions (Net)	$337M
Purchases of Investments	-$531M
Sales/Maturities of Investments	$415M
Other Investing Activities	$121M
NET CASH FROM INVESTING	$330M
Net Debt Issuance	-$324M
Common Stock Repurchased	$0
Common Dividends Paid	-$16M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$286M
FREE CASH FLOW	$89M
Net Change in Cash	$144M

Balance Sheet

Item	Amount
Cash & Equivalents	$293M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$293M
PP&E (Net)	$51M
Goodwill	$185M
Intangible Assets	$7M
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	$420M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.3B
Account Payables	$0
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$3.5B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$301M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$344M
TOTAL LIABILITIES	$3.8B
Common Stock	$134M
Additional Paid-In Capital	$217M
Retained Earnings	$163M
Treasury Stock	-$27M
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$470M
Minority Interest	$0
TOTAL EQUITY	$470M
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$316M
Net Debt	$24M