RNST FY 2018 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2018 Earnings

Reported February 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$606M	—	$507M	—	19.5%
Op. Income	$189M	—	$160M	—	18.0%
Gross Margin	88.1%	—	91.0%	—	-3.0pp
Net Margin	24.3%	—	18.2%	—	6.1pp
EPS (Diluted)	$2.79	—	$1.96	—	42.3%
Free Cash Flow	$60M	—	$194M	—	-69.2%

Revenue Flow

Item	Amount
REVENUE	$606M
Cost of Revenue	$72M
GROSS PROFIT	$534M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$241M
SG&A Expenses	$251M
Other Expenses	$94M
Operating Expenses	$345M
Cost & Expenses	$417M
OPERATING INCOME	$189M
Interest Income	$462M
Interest Expense	$65M
Other Income/Expenses	$0
INCOME BEFORE TAX	$189M
Income Tax Expense	$42M
Net Income from Continuing Ops	$147M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$147M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$147M
D&A	$3M
EBIT	$189M
EBITDA	$192M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$606M
Cost of Revenue	$72M
GROSS PROFIT	$534M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$241M
SG&A Expenses	$251M
Other Expenses	$94M
Operating Expenses	$345M
Cost & Expenses	$417M
OPERATING INCOME	$189M
Interest Income	$462M
Interest Expense	$65M
Other Income/Expenses	$0
INCOME BEFORE TAX	$189M
Income Tax Expense	$42M
Net Income from Continuing Ops	$147M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$147M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$147M
D&A	$3M
EBIT	$189M
EBITDA	$192M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$147M
Depreciation & Amortization	$3M
Stock-Based Compensation	$7M
Deferred Income Tax	$16M
Other Non-Cash Items	-$38M
Change in Working Capital	-$54M
OPERATING CASH FLOW	$82M
Capital Expenditure	-$22M
Acquisitions (Net)	$154M
Purchases of Investments	-$687M
Sales/Maturities of Investments	$163M
Other Investing Activities	-$111M
NET CASH FROM INVESTING	-$503M
Net Debt Issuance	$263M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$44M
Other Financing Activities	$497M
NET CASH FROM FINANCING	$709M
FREE CASH FLOW	$60M
Net Change in Cash	$288M

Balance Sheet

Item	Amount
Cash & Equivalents	$569M
Short-Term Investments	$1.3B
Net Receivables	$65M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$209M
Goodwill	$933M
Intangible Assets	$93M
Long-Term Investments	$9.4B
Tax Assets	$0
Other Non-Current Assets	$434M
TOTAL NON-CURRENT ASSETS	$11.0B
TOTAL ASSETS	$12.9B
Account Payables	$0
Short-Term Debt	$388M
Deferred Revenue	$0
Other Current Liabilities	$10.1B
TOTAL CURRENT LIABILITIES	$10.5B
Long-Term Debt	$264M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$111M
TOTAL NON-CURRENT LIABILITIES	$375M
TOTAL LIABILITIES	$10.9B
Common Stock	$296M
Additional Paid-In Capital	$1.3B
Retained Earnings	$501M
Treasury Stock	-$24M
Accum. Other Comp. Income	-$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$12.9B
Total Debt	$651M
Net Debt	$82M