CPAY FY 2017 Earnings Report — Corpay, Inc. Revenue & Financial Results | Market Cap Arena

Corpay, Inc.CPAY

FY 2017 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.2B	—	$1.8B	—	22.8%
Op. Income	$884M	—	$754M	—	17.2%
Gross Margin	80.9%	—	80.6%	—	0.3pp
Net Margin	32.9%	—	24.7%	—	8.2pp
EPS (Diluted)	$7.91	—	$4.75	—	66.5%
Free Cash Flow	$610M	—	$649M	—	-6.0%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$430M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$284M
General & Administrative	$388M
SG&A Expenses	$672M
Other Expenses	$265M
Operating Expenses	$936M
Cost & Expenses	$1.4B
OPERATING INCOME	$884M
Interest Income	$0
Interest Expense	$107M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$894M
Income Tax Expense	$153M
Net Income from Continuing Ops	$740M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$740M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$740M
D&A	$265M
EBIT	$1.0B
EBITDA	$1.3B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$430M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$284M
General & Administrative	$388M
SG&A Expenses	$672M
Other Expenses	$265M
Operating Expenses	$936M
Cost & Expenses	$1.4B
OPERATING INCOME	$884M
Interest Income	$0
Interest Expense	$107M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$894M
Income Tax Expense	$153M
Net Income from Continuing Ops	$740M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$740M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$740M
D&A	$265M
EBIT	$1.0B
EBITDA	$1.3B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$740M
Depreciation & Amortization	$265M
Stock-Based Compensation	$93M
Deferred Income Tax	-$248M
Other Non-Cash Items	-$67M
Change in Working Capital	-$104M
OPERATING CASH FLOW	$680M
Capital Expenditure	-$70M
Acquisitions (Net)	-$389M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$39M
NET CASH FROM INVESTING	-$498M
Net Debt Issuance	$622M
Common Stock Repurchased	-$402M
Common Dividends Paid	$0
Other Financing Activities	-$12M
NET CASH FROM FINANCING	$252M
FREE CASH FLOW	$610M
Net Change in Cash	$487M

Balance Sheet

Item	Amount
Cash & Equivalents	$914M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$3.5B
PP&E (Net)	$180M
Goodwill	$4.7B
Intangible Assets	$2.7B
Long-Term Investments	$33M
Tax Assets	$0
Other Non-Current Assets	$115M
TOTAL NON-CURRENT ASSETS	$7.8B
TOTAL ASSETS	$11.3B
Account Payables	$1.4B
Short-Term Debt	$1.6B
Deferred Revenue	$732M
Other Current Liabilities	$71M
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$519M
Other Non-Current Liabilities	$125M
TOTAL NON-CURRENT LIABILITIES	$3.5B
TOTAL LIABILITIES	$7.6B
Common Stock	$122.0K
Additional Paid-In Capital	$2.2B
Retained Earnings	$3.0B
Treasury Stock	-$945M
Accum. Other Comp. Income	-$552M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$0
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$11.3B
Total Debt	$4.5B
Net Debt	$3.6B