CPAY FY 2019 Earnings Report — Corpay, Inc. Revenue & Financial Results | Market Cap Arena

Corpay, Inc.CPAY

FY 2019 Earnings

Reported December 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.4B	—	8.8%
Op. Income	$1.2B	—	$1.1B	—	12.9%
Gross Margin	80.0%	—	80.0%	—	0.0pp
Net Margin	33.8%	—	33.3%	—	0.4pp
EPS (Diluted)	$9.94	—	$8.81	—	12.8%
Free Cash Flow	$1.1B	—	$822M	—	32.2%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$531M
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$205M
General & Administrative	$407M
SG&A Expenses	$612M
Other Expenses	$275M
Operating Expenses	$887M
Cost & Expenses	$1.4B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$150M
Other Income/Expenses	-$154M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$183M
Net Income from Continuing Ops	$895M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$895M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$895M
D&A	$274M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$531M
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$205M
General & Administrative	$407M
SG&A Expenses	$612M
Other Expenses	$275M
Operating Expenses	$887M
Cost & Expenses	$1.4B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$150M
Other Income/Expenses	-$154M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$183M
Net Income from Continuing Ops	$895M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$895M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$895M
D&A	$274M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$895M
Depreciation & Amortization	$274M
Stock-Based Compensation	$61M
Deferred Income Tax	$38M
Other Non-Cash Items	$83M
Change in Working Capital	-$189M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$75M
Acquisitions (Net)	-$448M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$255.0K
NET CASH FROM INVESTING	-$524M
Net Debt Issuance	$219M
Common Stock Repurchased	-$695M
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$310M
FREE CASH FLOW	$1.1B
Net Change in Cash	$310M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$1.4B
TOTAL CURRENT ASSETS	$4.6B
PP&E (Net)	$200M
Goodwill	$4.8B
Intangible Assets	$2.3B
Long-Term Investments	$30M
Tax Assets	$0
Other Non-Current Assets	$225M
TOTAL NON-CURRENT ASSETS	$7.6B
TOTAL ASSETS	$12.2B
Account Payables	$1.2B
Short-Term Debt	$1.7B
Deferred Revenue	$1.0B
Other Current Liabilities	$184M
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$520M
Other Non-Current Liabilities	$264M
TOTAL NON-CURRENT LIABILITIES	$4.1B
TOTAL LIABILITIES	$8.5B
Common Stock	$124.0K
Additional Paid-In Capital	$2.5B
Retained Earnings	$4.7B
Treasury Stock	-$2.5B
Accum. Other Comp. Income	-$972M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$0
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$12.2B
Total Debt	$5.0B
Net Debt	$3.8B