CPAY FY 2020 Earnings Report — Corpay, Inc. Revenue & Financial Results | Market Cap Arena

Corpay, Inc.CPAY

FY 2020 Earnings

Reported December 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.6B	—	-9.8%
Op. Income	$972M	—	$1.2B	—	-21.0%
Gross Margin	75.0%	—	80.0%	—	-4.9pp
Net Margin	29.5%	—	33.8%	—	-4.3pp
EPS (Diluted)	$8.12	—	$9.94	—	-18.3%
Free Cash Flow	$1.4B	—	$1.1B	—	28.3%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$596M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$193M
General & Administrative	$375M
SG&A Expenses	$567M
Other Expenses	$253M
Operating Expenses	$820M
Cost & Expenses	$1.4B
OPERATING INCOME	$972M
Interest Income	$0
Interest Expense	$130M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$883M
Income Tax Expense	$178M
Net Income from Continuing Ops	$704M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$704M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$704M
D&A	$255M
EBIT	$1.0B
EBITDA	$1.3B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$596M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$193M
General & Administrative	$375M
SG&A Expenses	$567M
Other Expenses	$253M
Operating Expenses	$820M
Cost & Expenses	$1.4B
OPERATING INCOME	$972M
Interest Income	$0
Interest Expense	$130M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$883M
Income Tax Expense	$178M
Net Income from Continuing Ops	$704M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$704M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$704M
D&A	$255M
EBIT	$1.0B
EBITDA	$1.3B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$704M
Depreciation & Amortization	$255M
Stock-Based Compensation	$43M
Deferred Income Tax	$16M
Other Non-Cash Items	$133M
Change in Working Capital	$321M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$78M
Acquisitions (Net)	-$81M
Purchases of Investments	$0
Sales/Maturities of Investments	$53M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	-$701M
Common Stock Repurchased	-$850M
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.4B
Net Change in Cash	-$199M

Balance Sheet

Item	Amount
Cash & Equivalents	$935M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$1.2B
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$203M
Goodwill	$4.7B
Intangible Assets	$2.1B
Long-Term Investments	$7M
Tax Assets	$0
Other Non-Current Assets	$193M
TOTAL NON-CURRENT ASSETS	$7.2B
TOTAL ASSETS	$11.2B
Account Payables	$1.1B
Short-Term Debt	$1.2B
Deferred Revenue	$1.2B
Other Current Liabilities	$250M
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$498M
Other Non-Current Liabilities	$275M
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$7.8B
Common Stock	$126.0K
Additional Paid-In Capital	$2.7B
Retained Earnings	$5.4B
Treasury Stock	-$3.4B
Accum. Other Comp. Income	-$1.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$0
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$11.2B
Total Debt	$4.3B
Net Debt	$3.4B