RNST FY 2019 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2019 Earnings

Reported February 26, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$696M	—	$606M	—	14.9%
Op. Income	$216M	—	$189M	—	14.3%
Gross Margin	84.8%	—	88.1%	—	-3.3pp
Net Margin	24.1%	—	24.3%	—	-0.2pp
EPS (Diluted)	$2.88	—	$2.79	—	3.2%
Free Cash Flow	$129M	—	$60M	—	115.3%

Revenue Flow

Item	Amount
REVENUE	$696M
Cost of Revenue	$106M
GROSS PROFIT	$590M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$279M
SG&A Expenses	$291M
Other Expenses	$83M
Operating Expenses	$374M
Cost & Expenses	$480M
OPERATING INCOME	$216M
Interest Income	$543M
Interest Expense	$99M
Other Income/Expenses	$0
INCOME BEFORE TAX	$216M
Income Tax Expense	$48M
Net Income from Continuing Ops	$168M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$168M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$168M
D&A	$8M
EBIT	$216M
EBITDA	$224M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$696M
Cost of Revenue	$106M
GROSS PROFIT	$590M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$279M
SG&A Expenses	$291M
Other Expenses	$83M
Operating Expenses	$374M
Cost & Expenses	$480M
OPERATING INCOME	$216M
Interest Income	$543M
Interest Expense	$99M
Other Income/Expenses	$0
INCOME BEFORE TAX	$216M
Income Tax Expense	$48M
Net Income from Continuing Ops	$168M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$168M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$168M
D&A	$8M
EBIT	$216M
EBITDA	$224M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$168M
Depreciation & Amortization	$8M
Stock-Based Compensation	$10M
Deferred Income Tax	$20M
Other Non-Cash Items	-$31M
Change in Working Capital	-$12M
OPERATING CASH FLOW	$164M
Capital Expenditure	-$35M
Acquisitions (Net)	-$250.0K
Purchases of Investments	-$492M
Sales/Maturities of Investments	$475M
Other Investing Activities	-$453M
NET CASH FROM INVESTING	-$506M
Net Debt Issuance	$216M
Common Stock Repurchased	-$63M
Common Dividends Paid	-$51M
Other Financing Activities	$86M
NET CASH FROM FINANCING	$188M
FREE CASH FLOW	$129M
Net Change in Cash	-$154M

Balance Sheet

Item	Amount
Cash & Equivalents	$415M
Short-Term Investments	$1.3B
Net Receivables	$85M
Inventory	$0
Other Current Assets	$910.0K
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$310M
Goodwill	$940M
Intangible Assets	$90M
Long-Term Investments	$9.9B
Tax Assets	$0
Other Non-Current Assets	$399M
TOTAL NON-CURRENT ASSETS	$11.6B
TOTAL ASSETS	$13.4B
Account Payables	$0
Short-Term Debt	$489M
Deferred Revenue	$0
Other Current Liabilities	$10.2B
TOTAL CURRENT LIABILITIES	$10.7B
Long-Term Debt	$377M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$196M
TOTAL NON-CURRENT LIABILITIES	$573M
TOTAL LIABILITIES	$11.3B
Common Stock	$296M
Additional Paid-In Capital	$1.3B
Retained Earnings	$617M
Treasury Stock	-$83M
Accum. Other Comp. Income	$764.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$13.4B
Total Debt	$866M
Net Debt	$451M