TRMK FY 2012 Earnings Report — Trustmark Corporation Revenue & Financial Results | Market Cap Arena

Trustmark CorporationTRMK

FY 2012 Earnings

Reported February 27, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$485M	—	$489M	—	-0.8%
Op. Income	$159M	—	$149M	—	7.2%
Gross Margin	91.1%	—	85.0%	—	6.1pp
Net Margin	24.2%	—	21.9%	—	2.3pp
EPS (Diluted)	$1.81	—	$1.66	—	9.0%
Free Cash Flow	$95M	—	$161M	—	-41.1%

Revenue Flow

Item	Amount
REVENUE	$485M
Cost of Revenue	$43M
GROSS PROFIT	$442M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$197M
SG&A Expenses	$197M
Other Expenses	$85M
Operating Expenses	$282M
Cost & Expenses	$325M
OPERATING INCOME	$159M
Interest Income	$372M
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$159M
Income Tax Expense	$42M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$29M
EBIT	$159M
EBITDA	$189M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$485M
Cost of Revenue	$43M
GROSS PROFIT	$442M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$197M
SG&A Expenses	$197M
Other Expenses	$85M
Operating Expenses	$282M
Cost & Expenses	$325M
OPERATING INCOME	$159M
Interest Income	$372M
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$159M
Income Tax Expense	$42M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$29M
EBIT	$159M
EBITDA	$189M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$117M
Depreciation & Amortization	$29M
Stock-Based Compensation	$0
Deferred Income Tax	-$8M
Other Non-Cash Items	-$3M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$112M
Capital Expenditure	-$17M
Acquisitions (Net)	$78M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$968M
Other Investing Activities	$288M
NET CASH FROM INVESTING	$174M
Net Debt Issuance	-$2M
Common Stock Repurchased	$0
Common Dividends Paid	-$60M
Other Financing Activities	-$196M
NET CASH FROM FINANCING	-$257M
FREE CASH FLOW	$95M
Net Change in Cash	$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$231M
Short-Term Investments	$2.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$155M
Goodwill	$291M
Intangible Assets	$65M
Long-Term Investments	$5.9B
Tax Assets	$0
Other Non-Current Assets	$487M
TOTAL NON-CURRENT ASSETS	$6.9B
TOTAL ASSETS	$9.8B
Account Payables	$0
Short-Term Debt	$376M
Deferred Revenue	$0
Other Current Liabilities	$7.9B
TOTAL CURRENT LIABILITIES	$8.3B
Long-Term Debt	$112M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$157M
TOTAL NON-CURRENT LIABILITIES	$269M
TOTAL LIABILITIES	$8.5B
Common Stock	$14M
Additional Paid-In Capital	$286M
Retained Earnings	$985M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$487M
Net Debt	$256M