BFH FY 2012 Earnings Report — Bread Financial Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Bread Financial Holdings, Inc.BFH

FY 2012 Earnings

Reported February 28, 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	$3.6B	—	$3.2B	—	14.8%
Op. Income	$974M	—	$813M	—	19.9%
Gross Margin	34.1%	—	33.5%	—	0.7pp
Net Margin	11.6%	—	9.9%	—	1.7pp
EPS (Diluted)	$6.58	—	$5.45	—	20.7%
Free Cash Flow	$1.0B	—	$938M	—	8.5%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$108M
SG&A Expenses	$108M
Other Expenses	$161M
Operating Expenses	$269M
Cost & Expenses	$2.7B
OPERATING INCOME	$974M
Interest Income	$0
Interest Expense	$173M
Other Income/Expenses	-$291M
INCOME BEFORE TAX	$683M
Income Tax Expense	$261M
Net Income from Continuing Ops	$422M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$422M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$422M
D&A	$167M
EBIT	$683M
EBITDA	$850M
EPS	$8
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$108M
SG&A Expenses	$108M
Other Expenses	$161M
Operating Expenses	$269M
Cost & Expenses	$2.7B
OPERATING INCOME	$974M
Interest Income	$0
Interest Expense	$173M
Other Income/Expenses	-$291M
INCOME BEFORE TAX	$683M
Income Tax Expense	$261M
Net Income from Continuing Ops	$422M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$422M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$422M
D&A	$167M
EBIT	$683M
EBITDA	$850M
EPS	$8
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$422M
Depreciation & Amortization	$167M
Stock-Based Compensation	$51M
Deferred Income Tax	$102M
Other Non-Cash Items	$329M
Change in Working Capital	$63M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$116M
Acquisitions (Net)	-$464M
Purchases of Investments	-$35M
Sales/Maturities of Investments	$16M
Other Investing Activities	-$2.1B
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$126M
Common Dividends Paid	$0
Other Financing Activities	$855M
NET CASH FROM FINANCING	$2.2B
FREE CASH FLOW	$1.0B
Net Change in Cash	$677M

Balance Sheet

Item	Amount
Cash & Equivalents	$893M
Short-Term Investments	$0
Net Receivables	$7.3B
Inventory	$0
Other Current Assets	$901M
TOTAL CURRENT ASSETS	$9.1B
PP&E (Net)	$253M
Goodwill	$1.8B
Intangible Assets	$583M
Long-Term Investments	$0
Tax Assets	$30M
Other Non-Current Assets	$251M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$12.0B
Account Payables	$215M
Short-Term Debt	$2.3B
Deferred Revenue	$1.1B
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$5.0B
Long-Term Debt	$4.7B
Deferred Revenue NC	$194M
Deferred Tax Liabilities	$277M
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$6.4B
TOTAL LIABILITIES	$11.5B
Common Stock	$950.0K
Additional Paid-In Capital	$1.5B
Retained Earnings	$1.6B
Treasury Stock	-$2.5B
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$528M
Minority Interest	$0
TOTAL EQUITY	$528M
TOTAL LIABILITIES & EQUITY	$12.0B
Total Debt	$7.0B
Net Debt	$6.1B