CPAY FY 2021 Earnings Report — Corpay, Inc. Revenue & Financial Results | Market Cap Arena

Corpay, Inc.CPAY

FY 2021 Earnings

Reported December 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.4B	—	18.6%
Op. Income	$1.2B	—	$972M	—	27.8%
Gross Margin	80.2%	—	75.0%	—	5.2pp
Net Margin	29.6%	—	29.5%	—	0.1pp
EPS (Diluted)	$9.99	—	$8.12	—	23.0%
Free Cash Flow	$1.1B	—	$1.4B	—	-22.1%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$560M
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$262M
General & Administrative	$486M
SG&A Expenses	$748M
Other Expenses	$283M
Operating Expenses	$1.0B
Cost & Expenses	$1.6B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$114M
Other Income/Expenses	-$134M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$269M
Net Income from Continuing Ops	$839M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$839M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$839M
D&A	$284M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$560M
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$262M
General & Administrative	$486M
SG&A Expenses	$748M
Other Expenses	$283M
Operating Expenses	$1.0B
Cost & Expenses	$1.6B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$114M
Other Income/Expenses	-$134M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$269M
Net Income from Continuing Ops	$839M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$839M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$839M
D&A	$284M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$839M
Depreciation & Amortization	$284M
Stock-Based Compensation	$80M
Deferred Income Tax	$11M
Other Non-Cash Items	$60M
Change in Working Capital	-$78M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$112M
Acquisitions (Net)	-$602M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$716M
Net Debt Issuance	$1.7B
Common Stock Repurchased	-$1.4B
Common Dividends Paid	$0
Other Financing Activities	-$40M
NET CASH FROM FINANCING	$344M
FREE CASH FLOW	$1.1B
Net Change in Cash	$774M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$0
Other Current Assets	$1.8B
TOTAL CURRENT ASSETS	$5.5B
PP&E (Net)	$236M
Goodwill	$5.1B
Intangible Assets	$2.3B
Long-Term Investments	$52M
Tax Assets	$0
Other Non-Current Assets	$214M
TOTAL NON-CURRENT ASSETS	$7.9B
TOTAL ASSETS	$13.4B
Account Payables	$1.4B
Short-Term Debt	$1.5B
Deferred Revenue	$1.8B
Other Current Liabilities	$209M
TOTAL CURRENT LIABILITIES	$5.3B
Long-Term Debt	$4.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$566M
Other Non-Current Liabilities	$221M
TOTAL NON-CURRENT LIABILITIES	$5.2B
TOTAL LIABILITIES	$10.5B
Common Stock	$127.0K
Additional Paid-In Capital	$2.9B
Retained Earnings	$6.3B
Treasury Stock	-$4.8B
Accum. Other Comp. Income	-$1.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$13.4B
Total Debt	$6.0B
Net Debt	$4.5B