RNST FY 2014 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2014 Earnings

Reported March 2, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$307M	—	$252M	—	21.6%
Op. Income	$86M	—	$46M	—	87.7%
Gross Margin	90.2%	—	86.6%	—	3.6pp
Net Margin	19.4%	—	13.3%	—	6.2pp
EPS (Diluted)	$1.88	—	$1.22	—	54.1%
Free Cash Flow	$103M	—	$145M	—	-29.4%

Revenue Flow

Item	Amount
REVENUE	$307M
Cost of Revenue	$30M
GROSS PROFIT	$277M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$133M
SG&A Expenses	$139M
Other Expenses	$52M
Operating Expenses	$191M
Cost & Expenses	$221M
OPERATING INCOME	$86M
Interest Income	$226M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$86M
Income Tax Expense	$26M
Net Income from Continuing Ops	$60M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$60M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$8M
EBIT	$86M
EBITDA	$94M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$307M
Cost of Revenue	$30M
GROSS PROFIT	$277M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$133M
SG&A Expenses	$139M
Other Expenses	$52M
Operating Expenses	$191M
Cost & Expenses	$221M
OPERATING INCOME	$86M
Interest Income	$226M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$86M
Income Tax Expense	$26M
Net Income from Continuing Ops	$60M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$60M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$8M
EBIT	$86M
EBITDA	$94M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$60M
Depreciation & Amortization	$8M
Stock-Based Compensation	$4M
Deferred Income Tax	$9M
Other Non-Cash Items	$14M
Change in Working Capital	$30M
OPERATING CASH FLOW	$125M
Capital Expenditure	-$22M
Acquisitions (Net)	$0
Purchases of Investments	-$280M
Sales/Maturities of Investments	$217M
Other Investing Activities	-$118M
NET CASH FROM INVESTING	-$203M
Net Debt Issuance	$17M
Common Stock Repurchased	$0
Common Dividends Paid	-$22M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$7M
FREE CASH FLOW	$103M
Net Change in Cash	-$85M

Balance Sheet

Item	Amount
Cash & Equivalents	$162M
Short-Term Investments	$554M
Net Receivables	$10M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$726M
PP&E (Net)	$114M
Goodwill	$275M
Intangible Assets	$23M
Long-Term Investments	$4.4B
Tax Assets	$0
Other Non-Current Assets	$278M
TOTAL NON-CURRENT ASSETS	$5.1B
TOTAL ASSETS	$5.8B
Account Payables	$0
Short-Term Debt	$32M
Deferred Revenue	$0
Other Current Liabilities	$4.8B
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$156M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$66M
TOTAL NON-CURRENT LIABILITIES	$223M
TOTAL LIABILITIES	$5.1B
Common Stock	$163M
Additional Paid-In Capital	$345M
Retained Earnings	$233M
Treasury Stock	-$22M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$712M
Minority Interest	$0
TOTAL EQUITY	$712M
TOTAL LIABILITIES & EQUITY	$5.8B
Total Debt	$189M
Net Debt	$27M