RNST FY 2020 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$732M	—	$696M	—	5.1%
Op. Income	$103M	—	$216M	—	-52.0%
Gross Margin	78.4%	—	84.8%	—	-6.4pp
Net Margin	11.4%	—	24.1%	—	-12.7pp
EPS (Diluted)	$1.48	—	$2.88	—	-48.6%
Free Cash Flow	$54M	—	$129M	—	-58.0%

Revenue Flow

Item	Amount
REVENUE	$732M
Cost of Revenue	$158M
GROSS PROFIT	$573M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$302M
SG&A Expenses	$313M
Other Expenses	$157M
Operating Expenses	$470M
Cost & Expenses	$628M
OPERATING INCOME	$103M
Interest Income	$498M
Interest Expense	$71M
Other Income/Expenses	$0
INCOME BEFORE TAX	$103M
Income Tax Expense	$20M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$35M
EBIT	$103M
EBITDA	$138M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$732M
Cost of Revenue	$158M
GROSS PROFIT	$573M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$302M
SG&A Expenses	$313M
Other Expenses	$157M
Operating Expenses	$470M
Cost & Expenses	$628M
OPERATING INCOME	$103M
Interest Income	$498M
Interest Expense	$71M
Other Income/Expenses	$0
INCOME BEFORE TAX	$103M
Income Tax Expense	$20M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$35M
EBIT	$103M
EBITDA	$138M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$84M
Depreciation & Amortization	$35M
Stock-Based Compensation	$11M
Deferred Income Tax	-$14M
Other Non-Cash Items	-$810.0K
Change in Working Capital	-$32M
OPERATING CASH FLOW	$82M
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	-$516M
Sales/Maturities of Investments	$483M
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	-$370M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$50M
Other Financing Activities	$1.8B
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$54M
Net Change in Cash	$218M

Balance Sheet

Item	Amount
Cash & Equivalents	$633M
Short-Term Investments	$1.3B
Net Receivables	$74M
Inventory	$0
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$300M
Goodwill	$940M
Intangible Assets	$93M
Long-Term Investments	$11.1B
Tax Assets	$0
Other Non-Current Assets	$444M
TOTAL NON-CURRENT ASSETS	$12.9B
TOTAL ASSETS	$14.9B
Account Payables	$0
Short-Term Debt	$21M
Deferred Revenue	$0
Other Current Liabilities	$12.1B
TOTAL CURRENT LIABILITIES	$12.1B
Long-Term Debt	$475M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$241M
TOTAL NON-CURRENT LIABILITIES	$716M
TOTAL LIABILITIES	$12.8B
Common Stock	$296M
Additional Paid-In Capital	$1.3B
Retained Earnings	$616M
Treasury Stock	-$102M
Accum. Other Comp. Income	$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$14.9B
Total Debt	$496M
Net Debt	-$137M