RNST FY 2017 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$507M	—	$467M	—	8.6%
Op. Income	$160M	—	$136M	—	17.7%
Gross Margin	91.0%	—	92.4%	—	-1.3pp
Net Margin	18.2%	—	19.5%	—	-1.3pp
EPS (Diluted)	$1.96	—	$2.17	—	-9.7%
Free Cash Flow	$194M	—	$150M	—	29.1%

Revenue Flow

Item	Amount
REVENUE	$507M
Cost of Revenue	$45M
GROSS PROFIT	$461M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$209M
SG&A Expenses	$217M
Other Expenses	$85M
Operating Expenses	$302M
Cost & Expenses	$347M
OPERATING INCOME	$160M
Interest Income	$375M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$160M
Income Tax Expense	$68M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$5M
EBIT	$160M
EBITDA	$165M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$507M
Cost of Revenue	$45M
GROSS PROFIT	$461M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$209M
SG&A Expenses	$217M
Other Expenses	$85M
Operating Expenses	$302M
Cost & Expenses	$347M
OPERATING INCOME	$160M
Interest Income	$375M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$160M
Income Tax Expense	$68M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$5M
EBIT	$160M
EBITDA	$165M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$5M
Stock-Based Compensation	$5M
Deferred Income Tax	$38M
Other Non-Cash Items	$80M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$207M
Capital Expenditure	-$13M
Acquisitions (Net)	$42M
Purchases of Investments	-$210M
Sales/Maturities of Investments	$681M
Other Investing Activities	-$429M
NET CASH FROM INVESTING	$70M
Net Debt Issuance	-$190M
Common Stock Repurchased	$0
Common Dividends Paid	-$34M
Other Financing Activities	-$77M
NET CASH FROM FINANCING	-$301M
FREE CASH FLOW	$194M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$281M
Short-Term Investments	$671M
Net Receivables	$57M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$183M
Goodwill	$611M
Intangible Assets	$64M
Long-Term Investments	$7.6B
Tax Assets	$0
Other Non-Current Assets	$336M
TOTAL NON-CURRENT ASSETS	$8.8B
TOTAL ASSETS	$9.8B
Account Payables	$0
Short-Term Debt	$90M
Deferred Revenue	$0
Other Current Liabilities	$7.9B
TOTAL CURRENT LIABILITIES	$8.0B
Long-Term Debt	$208M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$304M
TOTAL LIABILITIES	$8.3B
Common Stock	$250M
Additional Paid-In Capital	$898M
Retained Earnings	$397M
Treasury Stock	-$20M
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$297M
Net Debt	$16M