TRMK FY 2015 Earnings Report — Trustmark Corporation Revenue & Financial Results | Market Cap Arena

Trustmark CorporationTRMK

FY 2015 Earnings

Reported February 23, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$525M	—	$542M	—	-3.2%
Op. Income	$151M	—	$162M	—	-6.6%
Gross Margin	93.9%	—	94.7%	—	-0.8pp
Net Margin	22.1%	—	22.8%	—	-0.7pp
EPS (Diluted)	$1.71	—	$1.83	—	-6.6%
Free Cash Flow	$151M	—	$199M	—	-24.1%

Revenue Flow

Item	Amount
REVENUE	$525M
Cost of Revenue	$32M
GROSS PROFIT	$493M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$241M
SG&A Expenses	$241M
Other Expenses	$100M
Operating Expenses	$341M
Cost & Expenses	$374M
OPERATING INCOME	$151M
Interest Income	$412M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$151M
Income Tax Expense	$35M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$37M
EBIT	$151M
EBITDA	$189M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$525M
Cost of Revenue	$32M
GROSS PROFIT	$493M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$241M
SG&A Expenses	$241M
Other Expenses	$100M
Operating Expenses	$341M
Cost & Expenses	$374M
OPERATING INCOME	$151M
Interest Income	$412M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$151M
Income Tax Expense	$35M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$37M
EBIT	$151M
EBITDA	$189M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$116M
Depreciation & Amortization	$37M
Stock-Based Compensation	$0
Deferred Income Tax	$15M
Other Non-Cash Items	-$31M
Change in Working Capital	$35M
OPERATING CASH FLOW	$172M
Capital Expenditure	-$21M
Acquisitions (Net)	-$3M
Purchases of Investments	-$617M
Sales/Maturities of Investments	$606M
Other Investing Activities	-$501M
NET CASH FROM INVESTING	-$527M
Net Debt Issuance	$493M
Common Stock Repurchased	-$863.0K
Common Dividends Paid	-$63M
Other Financing Activities	-$113M
NET CASH FROM FINANCING	$317M
FREE CASH FLOW	$151M
Net Change in Cash	-$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$278M
Short-Term Investments	$2.3B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$196M
Goodwill	$366M
Intangible Assets	$102M
Long-Term Investments	$8.8B
Tax Assets	$0
Other Non-Current Assets	$642M
TOTAL NON-CURRENT ASSETS	$10.1B
TOTAL ASSETS	$12.7B
Account Payables	$0
Short-Term Debt	$854M
Deferred Revenue	$0
Other Current Liabilities	$9.6B
TOTAL CURRENT LIABILITIES	$10.4B
Long-Term Debt	$613M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$151M
TOTAL NON-CURRENT LIABILITIES	$764M
TOTAL LIABILITIES	$11.2B
Common Stock	$14M
Additional Paid-In Capital	$361M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$45M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$12.7B
Total Debt	$1.5B
Net Debt	$1.2B