CPAY FY 2022 Earnings Report — Corpay, Inc. Revenue & Financial Results | Market Cap Arena

Corpay, Inc.CPAY

FY 2022 Earnings

Reported December 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.4B	—	$2.8B	—	20.9%
Op. Income	$1.4B	—	$1.2B	—	16.4%
Gross Margin	77.7%	—	80.2%	—	-2.6pp
Net Margin	27.8%	—	29.6%	—	-1.8pp
EPS (Diluted)	$12.42	—	$9.99	—	24.3%
Free Cash Flow	$603M	—	$1.1B	—	-44.4%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$765M
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$309M
General & Administrative	$584M
SG&A Expenses	$893M
Other Expenses	$323M
Operating Expenses	$1.2B
Cost & Expenses	$2.0B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$165M
Other Income/Expenses	-$171M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$321M
Net Income from Continuing Ops	$954M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$954M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$954M
D&A	$322M
EBIT	$1.4B
EBITDA	$1.8B
EPS	$13
EPS Diluted	$12

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$765M
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$309M
General & Administrative	$584M
SG&A Expenses	$893M
Other Expenses	$323M
Operating Expenses	$1.2B
Cost & Expenses	$2.0B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$165M
Other Income/Expenses	-$171M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$321M
Net Income from Continuing Ops	$954M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$954M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$954M
D&A	$322M
EBIT	$1.4B
EBITDA	$1.8B
EPS	$13
EPS Diluted	$12

Cash Flow Statement

Item	Amount
Net Income	$954M
Depreciation & Amortization	$322M
Stock-Based Compensation	$121M
Deferred Income Tax	-$33M
Other Non-Cash Items	$142M
Change in Working Capital	-$752M
OPERATING CASH FLOW	$755M
Capital Expenditure	-$151M
Acquisitions (Net)	-$217M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$368M
Net Debt Issuance	$1.1B
Common Stock Repurchased	-$1.4B
Common Dividends Paid	$0
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$311M
FREE CASH FLOW	$603M
Net Change in Cash	$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$2.1B
Inventory	$0
Other Current Assets	$2.6B
TOTAL CURRENT ASSETS	$6.1B
PP&E (Net)	$295M
Goodwill	$5.2B
Intangible Assets	$2.1B
Long-Term Investments	$74M
Tax Assets	$0
Other Non-Current Assets	$282M
TOTAL NON-CURRENT ASSETS	$8.0B
TOTAL ASSETS	$14.1B
Account Payables	$1.6B
Short-Term Debt	$2.3B
Deferred Revenue	$1.5B
Other Current Liabilities	$304M
TOTAL CURRENT LIABILITIES	$6.0B
Long-Term Debt	$4.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$527M
Other Non-Current Liabilities	$254M
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$11.5B
Common Stock	$128.0K
Additional Paid-In Capital	$3.0B
Retained Earnings	$7.2B
Treasury Stock	-$6.2B
Accum. Other Comp. Income	-$1.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$14.1B
Total Debt	$7.0B
Net Debt	$5.6B