RNST FY 2021 Earnings Report — Renasant Corporation Revenue & Financial Results | Market Cap Arena

Renasant CorporationRNST

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$696M	—	$732M	—	-4.9%
Op. Income	$223M	—	$103M	—	115.3%
Gross Margin	93.9%	—	78.4%	—	15.5pp
Net Margin	25.3%	—	11.4%	—	13.9pp
EPS (Diluted)	$3.12	—	$1.48	—	110.8%
Free Cash Flow	$122M	—	$54M	—	126.3%

Revenue Flow

Item	Amount
REVENUE	$696M
Cost of Revenue	$43M
GROSS PROFIT	$653M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$281M
SG&A Expenses	$293M
Other Expenses	$137M
Operating Expenses	$430M
Cost & Expenses	$473M
OPERATING INCOME	$223M
Interest Income	$469M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$223M
Income Tax Expense	$47M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$176M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$176M
D&A	$47M
EBIT	$223M
EBITDA	$270M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$696M
Cost of Revenue	$43M
GROSS PROFIT	$653M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$281M
SG&A Expenses	$293M
Other Expenses	$137M
Operating Expenses	$430M
Cost & Expenses	$473M
OPERATING INCOME	$223M
Interest Income	$469M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$223M
Income Tax Expense	$47M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$176M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$176M
D&A	$47M
EBIT	$223M
EBITDA	$270M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$176M
Depreciation & Amortization	$47M
Stock-Based Compensation	$10M
Deferred Income Tax	$11M
Other Non-Cash Items	-$38M
Change in Working Capital	-$64M
OPERATING CASH FLOW	$143M
Capital Expenditure	-$21M
Acquisitions (Net)	$0
Purchases of Investments	-$2.2B
Sales/Maturities of Investments	$637M
Other Investing Activities	$884M
NET CASH FROM INVESTING	-$660M
Net Debt Issuance	-$13M
Common Stock Repurchased	-$21M
Common Dividends Paid	-$50M
Other Financing Activities	$1.8B
NET CASH FROM FINANCING	$1.8B
FREE CASH FLOW	$122M
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$2.4B
Net Receivables	$75M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$293M
Goodwill	$940M
Intangible Assets	$113M
Long-Term Investments	$10.7B
Tax Assets	$0
Other Non-Current Assets	$474M
TOTAL NON-CURRENT ASSETS	$12.5B
TOTAL ASSETS	$16.8B
Account Payables	$0
Short-Term Debt	$14M
Deferred Revenue	$0
Other Current Liabilities	$13.9B
TOTAL CURRENT LIABILITIES	$13.9B
Long-Term Debt	$471M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$210M
TOTAL NON-CURRENT LIABILITIES	$681M
TOTAL LIABILITIES	$14.6B
Common Stock	$296M
Additional Paid-In Capital	$1.3B
Retained Earnings	$742M
Treasury Stock	-$118M
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$16.8B
Total Debt	$485M
Net Debt	-$1.4B