RNST FY 2012 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2012 Earnings

Reported March 8, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$228M	—	$226M	—	0.9%
Op. Income	$33M	—	$35M	—	-3.5%
Gross Margin	80.7%	—	71.8%	—	8.9pp
Net Margin	11.7%	—	11.3%	—	0.3pp
EPS (Diluted)	$1.06	—	$1.02	—	3.9%
Free Cash Flow	$160M	—	$147M	—	9.1%

Revenue Flow

Item	Amount
REVENUE	$228M
Cost of Revenue	$44M
GROSS PROFIT	$184M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$94M
SG&A Expenses	$99M
Other Expenses	$52M
Operating Expenses	$150M
Cost & Expenses	$195M
OPERATING INCOME	$33M
Interest Income	$159M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$7M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$8M
EBIT	$33M
EBITDA	$41M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$228M
Cost of Revenue	$44M
GROSS PROFIT	$184M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$94M
SG&A Expenses	$99M
Other Expenses	$52M
Operating Expenses	$150M
Cost & Expenses	$195M
OPERATING INCOME	$33M
Interest Income	$159M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$7M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$8M
EBIT	$33M
EBITDA	$41M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$8M
Stock-Based Compensation	$1M
Deferred Income Tax	-$18M
Other Non-Cash Items	$9M
Change in Working Capital	$151M
OPERATING CASH FLOW	$178M
Capital Expenditure	-$18M
Acquisitions (Net)	-$510.0K
Purchases of Investments	-$287M
Sales/Maturities of Investments	$409M
Other Investing Activities	-$300M
NET CASH FROM INVESTING	-$197M
Net Debt Issuance	-$90M
Common Stock Repurchased	$0
Common Dividends Paid	-$17M
Other Financing Activities	$49M
NET CASH FROM FINANCING	-$57M
FREE CASH FLOW	$160M
Net Change in Cash	-$77M

Balance Sheet

Item	Amount
Cash & Equivalents	$132M
Short-Term Investments	$356M
Net Receivables	$195.0K
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$489M
PP&E (Net)	$67M
Goodwill	$185M
Intangible Assets	$6M
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$314M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$4.2B
Account Payables	$0
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$3.5B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$159M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$54M
TOTAL NON-CURRENT LIABILITIES	$214M
TOTAL LIABILITIES	$3.7B
Common Stock	$134M
Additional Paid-In Capital	$218M
Retained Earnings	$181M
Treasury Stock	-$26M
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$498M
Minority Interest	$0
TOTAL EQUITY	$498M
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$165M
Net Debt	$32M