TRMK FY 2007 Earnings Report — Trustmark Corporation Revenue & Financial Results | Market Cap Arena

Trustmark CorporationTRMK

FY 2007 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$706M	—	$363M	—	94.2%
Op. Income	$163M	—	$181M	—	-10.0%
Gross Margin	62.3%	—	42.7%	—	19.6pp
Net Margin	15.4%	—	32.8%	—	-17.4pp
EPS (Diluted)	$1.88	—	$2.09	—	-10.0%
Free Cash Flow	$54M	—	$129M	—	-57.9%

Revenue Flow

Item	Amount
REVENUE	$706M
Cost of Revenue	$266M
GROSS PROFIT	$439M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$208M
SG&A Expenses	$208M
Other Expenses	$68M
Operating Expenses	$276M
Cost & Expenses	$543M
OPERATING INCOME	$163M
Interest Income	$543M
Interest Expense	$242M
Other Income/Expenses	$0
INCOME BEFORE TAX	$163M
Income Tax Expense	$54M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$109M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$109M
D&A	$28M
EBIT	$163M
EBITDA	$191M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$706M
Cost of Revenue	$266M
GROSS PROFIT	$439M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$208M
SG&A Expenses	$208M
Other Expenses	$68M
Operating Expenses	$276M
Cost & Expenses	$543M
OPERATING INCOME	$163M
Interest Income	$543M
Interest Expense	$242M
Other Income/Expenses	$0
INCOME BEFORE TAX	$163M
Income Tax Expense	$54M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$109M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$109M
D&A	$28M
EBIT	$163M
EBITDA	$191M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$109M
Depreciation & Amortization	$28M
Stock-Based Compensation	$0
Deferred Income Tax	-$6M
Other Non-Cash Items	-$29M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$84M
Capital Expenditure	-$30M
Acquisitions (Net)	$0
Purchases of Investments	-$111M
Sales/Maturities of Investments	$453M
Other Investing Activities	-$488M
NET CASH FROM INVESTING	-$175M
Net Debt Issuance	$199M
Common Stock Repurchased	-$39M
Common Dividends Paid	-$51M
Other Financing Activities	-$117M
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$54M
Net Change in Cash	-$99M

Balance Sheet

Item	Amount
Cash & Equivalents	$293M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$293M
PP&E (Net)	$152M
Goodwill	$291M
Intangible Assets	$95M
Long-Term Investments	$7.8B
Tax Assets	$0
Other Non-Current Assets	$310M
TOTAL NON-CURRENT ASSETS	$8.7B
TOTAL ASSETS	$9.0B
Account Payables	$0
Short-Term Debt	$935M
Deferred Revenue	$0
Other Current Liabilities	$6.9B
TOTAL CURRENT LIABILITIES	$7.8B
Long-Term Debt	$120M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$123M
TOTAL NON-CURRENT LIABILITIES	$243M
TOTAL LIABILITIES	$8.0B
Common Stock	$0
Additional Paid-In Capital	$136M
Retained Earnings	$798M
Treasury Stock	$0
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$920M
Minority Interest	$0
TOTAL EQUITY	$920M
TOTAL LIABILITIES & EQUITY	$9.0B
Total Debt	$1.1B
Net Debt	$762M