CASH FY 2012 Earnings Report — Pathward Financial, Inc. Revenue & Financial Results | Market Cap Arena

Pathward Financial, Inc.CASH

FY 2012 Earnings

Reported December 21, 2012

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	$89M	—	$73M	—	22.2%
Op. Income	$27M	—	$8M	—	224.3%
Gross Margin	94.8%	—	93.1%	—	1.7pp
Net Margin	19.1%	—	6.3%	—	12.8pp
EPS (Diluted)	$1.64	—	$0.50	—	228.0%
Free Cash Flow	$76M	—	$20M	—	278.8%

Revenue Flow

Item	Amount
REVENUE	$89M
Cost of Revenue	$5M
GROSS PROFIT	$85M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$32M
SG&A Expenses	$33M
Other Expenses	$25M
Operating Expenses	$58M
Cost & Expenses	$63M
OPERATING INCOME	$27M
Interest Income	$37M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$10M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$20M
EBIT	$27M
EBITDA	$47M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$89M
Cost of Revenue	$5M
GROSS PROFIT	$85M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$32M
SG&A Expenses	$33M
Other Expenses	$25M
Operating Expenses	$58M
Cost & Expenses	$63M
OPERATING INCOME	$27M
Interest Income	$37M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$10M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$20M
EBIT	$27M
EBITDA	$47M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$20M
Stock-Based Compensation	$0
Deferred Income Tax	$988.0K
Other Non-Cash Items	-$11M
Change in Working Capital	$53M
OPERATING CASH FLOW	$80M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$897M
Other Investing Activities	-$13M
NET CASH FROM INVESTING	-$514M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$257M
NET CASH FROM FINANCING	$303M
FREE CASH FLOW	$76M
Net Change in Cash	-$132M

Balance Sheet

Item	Amount
Cash & Equivalents	$145M
Short-Term Investments	$435M
Net Receivables	$13M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$593M
PP&E (Net)	$18M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$1.0B
Tax Assets	$0
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.6B
Account Payables	$177.0K
Short-Term Debt	$26M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$21M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$23M
TOTAL LIABILITIES	$1.5B
Common Stock	$56.0K
Additional Paid-In Capital	$79M
Retained Earnings	$61M
Treasury Stock	-$2M
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$146M
Minority Interest	$0
TOTAL EQUITY	$146M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$48M
Net Debt	-$97M