RNST FY 2013 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2013 Earnings

Reported March 11, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$252M	—	$228M	—	10.7%
Op. Income	$46M	—	$33M	—	36.7%
Gross Margin	86.6%	—	80.7%	—	5.9pp
Net Margin	13.3%	—	11.7%	—	1.6pp
EPS (Diluted)	$1.22	—	$1.06	—	15.1%
Free Cash Flow	$145M	—	$160M	—	-9.3%

Revenue Flow

Item	Amount
REVENUE	$252M
Cost of Revenue	$34M
GROSS PROFIT	$219M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$112M
SG&A Expenses	$118M
Other Expenses	$55M
Operating Expenses	$173M
Cost & Expenses	$207M
OPERATING INCOME	$46M
Interest Income	$181M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$46M
Income Tax Expense	$12M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$9M
EBIT	$46M
EBITDA	$55M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$252M
Cost of Revenue	$34M
GROSS PROFIT	$219M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$112M
SG&A Expenses	$118M
Other Expenses	$55M
Operating Expenses	$173M
Cost & Expenses	$207M
OPERATING INCOME	$46M
Interest Income	$181M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$46M
Income Tax Expense	$12M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$9M
EBIT	$46M
EBITDA	$55M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$9M
Stock-Based Compensation	$3M
Deferred Income Tax	-$285.0K
Other Non-Cash Items	$5M
Change in Working Capital	$103M
OPERATING CASH FLOW	$153M
Capital Expenditure	-$8M
Acquisitions (Net)	$170M
Purchases of Investments	-$233M
Sales/Maturities of Investments	$207M
Other Investing Activities	-$192M
NET CASH FROM INVESTING	-$57M
Net Debt Issuance	-$18M
Common Stock Repurchased	$0
Common Dividends Paid	-$19M
Other Financing Activities	$55M
NET CASH FROM FINANCING	$18M
FREE CASH FLOW	$145M
Net Change in Cash	$114M

Balance Sheet

Item	Amount
Cash & Equivalents	$247M
Short-Term Investments	$501M
Net Receivables	$53.0K
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$748M
PP&E (Net)	$102M
Goodwill	$276M
Intangible Assets	$28M
Long-Term Investments	$4.3B
Tax Assets	$0
Other Non-Current Assets	$314M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$5.7B
Account Payables	$0
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$4.8B
TOTAL CURRENT LIABILITIES	$4.8B
Long-Term Debt	$170M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$67M
TOTAL NON-CURRENT LIABILITIES	$236M
TOTAL LIABILITIES	$5.1B
Common Stock	$163M
Additional Paid-In Capital	$343M
Retained Earnings	$195M
Treasury Stock	-$23M
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$666M
Minority Interest	$0
TOTAL EQUITY	$666M
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$172M
Net Debt	-$75M