EEFT FY 2007 Earnings Report — Euronet Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

Euronet Worldwide, Inc.EEFT

FY 2007 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$918M	—	$629M	—	45.8%
Op. Income	$77M	—	$52M	—	47.6%
Gross Margin	32.0%	—	30.8%	—	1.2pp
Net Margin	5.8%	—	7.4%	—	-1.5pp
EPS (Diluted)	$0.76	—	$1.17	—	-35.0%
Free Cash Flow	$40M	—	$75M	—	-46.7%

Revenue Flow

Item	Amount
REVENUE	$918M
Cost of Revenue	$624M
GROSS PROFIT	$294M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$180M
Other Expenses	$216M
Operating Expenses	$216M
Cost & Expenses	$840M
OPERATING INCOME	$77M
Interest Income	$16M
Interest Expense	$38M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$83M
Income Tax Expense	$28M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$344.0K
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$3M
BOTTOM LINE NET INCOME	$57M
D&A	$51M
EBIT	$108M
EBITDA	$158M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$918M
Cost of Revenue	$624M
GROSS PROFIT	$294M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$180M
Other Expenses	$216M
Operating Expenses	$216M
Cost & Expenses	$840M
OPERATING INCOME	$77M
Interest Income	$16M
Interest Expense	$38M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$83M
Income Tax Expense	$28M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$344.0K
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$3M
BOTTOM LINE NET INCOME	$57M
D&A	$51M
EBIT	$108M
EBITDA	$158M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$51M
Stock-Based Compensation	$8M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$6M
Change in Working Capital	-$25M
OPERATING CASH FLOW	$78M
Capital Expenditure	-$38M
Acquisitions (Net)	-$379M
Purchases of Investments	-$20M
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$440M
Net Debt Issuance	$140M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$302M
FREE CASH FLOW	$40M
Net Change in Cash	-$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$268M
Short-Term Investments	$0
Net Receivables	$290M
Inventory	$50M
Other Current Assets	$154M
TOTAL CURRENT ASSETS	$802M
PP&E (Net)	$89M
Goodwill	$763M
Intangible Assets	$157M
Long-Term Investments	$0
Tax Assets	$31M
Other Non-Current Assets	$44M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.9B
Account Payables	$307M
Short-Term Debt	$7M
Deferred Revenue	$17M
Other Current Liabilities	$49M
TOTAL CURRENT LIABILITIES	$523M
Long-Term Debt	$539M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$75M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$630M
TOTAL LIABILITIES	$1.2B
Common Stock	$983.0K
Additional Paid-In Capital	$658M
Retained Earnings	-$6M
Treasury Stock	-$379.0K
Accum. Other Comp. Income	$71M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$724M
Minority Interest	$9M
TOTAL EQUITY	$733M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$558M
Net Debt	$290M