RNST FY 2011 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2011 Earnings

Reported March 8, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$226M	—	$216M	—	4.7%
Op. Income	$35M	—	$47M	—	-25.7%
Gross Margin	71.8%	—	57.9%	—	13.9pp
Net Margin	11.3%	—	14.7%	—	-3.3pp
EPS (Diluted)	$1.02	—	$1.38	—	-26.1%
Free Cash Flow	$147M	—	$89M	—	65.5%

Revenue Flow

Item	Amount
REVENUE	$226M
Cost of Revenue	$64M
GROSS PROFIT	$162M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$78M
SG&A Expenses	$82M
Other Expenses	$46M
Operating Expenses	$128M
Cost & Expenses	$191M
OPERATING INCOME	$35M
Interest Income	$171M
Interest Expense	$41M
Other Income/Expenses	$0
INCOME BEFORE TAX	$35M
Income Tax Expense	$9M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$5M
EBIT	$35M
EBITDA	$39M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$226M
Cost of Revenue	$64M
GROSS PROFIT	$162M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$78M
SG&A Expenses	$82M
Other Expenses	$46M
Operating Expenses	$128M
Cost & Expenses	$191M
OPERATING INCOME	$35M
Interest Income	$171M
Interest Expense	$41M
Other Income/Expenses	$0
INCOME BEFORE TAX	$35M
Income Tax Expense	$9M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$5M
EBIT	$35M
EBITDA	$39M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$5M
Stock-Based Compensation	$620.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$8M
Change in Working Capital	$116M
OPERATING CASH FLOW	$153M
Capital Expenditure	-$6M
Acquisitions (Net)	$148M
Purchases of Investments	-$295M
Sales/Maturities of Investments	$333M
Other Investing Activities	-$44M
NET CASH FROM INVESTING	$136M
Net Debt Issuance	-$77M
Common Stock Repurchased	$0
Common Dividends Paid	-$17M
Other Financing Activities	-$279M
NET CASH FROM FINANCING	-$372M
FREE CASH FLOW	$147M
Net Change in Cash	-$84M

Balance Sheet

Item	Amount
Cash & Equivalents	$209M
Short-Term Investments	$464M
Net Receivables	$343.0K
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$673M
PP&E (Net)	$54M
Goodwill	$185M
Intangible Assets	$7M
Long-Term Investments	$2.9B
Tax Assets	$0
Other Non-Current Assets	$385M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$4.2B
Account Payables	$0
Short-Term Debt	$23M
Deferred Revenue	$0
Other Current Liabilities	$3.4B
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$243M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$280M
TOTAL LIABILITIES	$3.7B
Common Stock	$134M
Additional Paid-In Capital	$217M
Retained Earnings	$171M
Treasury Stock	-$27M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$487M
Minority Interest	$0
TOTAL EQUITY	$487M
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$266M
Net Debt	$57M