EEFT FY 2013 Earnings Report — Euronet Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

Euronet Worldwide, Inc.EEFT

FY 2013 Earnings

Reported February 27, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	11.5%
Op. Income	$118M	—	$87M	—	36.5%
Gross Margin	40.6%	—	39.8%	—	0.8pp
Net Margin	6.2%	—	1.6%	—	4.6pp
EPS (Diluted)	$1.69	—	$0.40	—	322.5%
Free Cash Flow	$128M	—	$138M	—	-7.3%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$839M
GROSS PROFIT	$574M
R&D Expenses	$2M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$392M
Other Expenses	$62M
Operating Expenses	$456M
Cost & Expenses	$1.3B
OPERATING INCOME	$118M
Interest Income	$2M
Interest Expense	$10M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$115M
Income Tax Expense	$28M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$65M
EBIT	$118M
EBITDA	$183M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$839M
GROSS PROFIT	$574M
R&D Expenses	$2M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$392M
Other Expenses	$62M
Operating Expenses	$456M
Cost & Expenses	$1.3B
OPERATING INCOME	$118M
Interest Income	$2M
Interest Expense	$10M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$115M
Income Tax Expense	$28M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$65M
EBIT	$118M
EBITDA	$183M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$88M
Depreciation & Amortization	$65M
Stock-Based Compensation	$11M
Deferred Income Tax	-$7M
Other Non-Cash Items	$16M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$169M
Capital Expenditure	-$41M
Acquisitions (Net)	-$23M
Purchases of Investments	$0
Sales/Maturities of Investments	$8M
Other Investing Activities	-$29M
NET CASH FROM INVESTING	-$69M
Net Debt Issuance	-$97M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$91M
FREE CASH FLOW	$128M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$210M
Short-Term Investments	$0
Net Receivables	$394M
Inventory	$93M
Other Current Assets	$78M
TOTAL CURRENT ASSETS	$840M
PP&E (Net)	$116M
Goodwill	$498M
Intangible Assets	$93M
Long-Term Investments	-$18M
Tax Assets	$18M
Other Non-Current Assets	$50M
TOTAL NON-CURRENT ASSETS	$758M
TOTAL ASSETS	$1.6B
Account Payables	$457M
Short-Term Debt	$11M
Deferred Revenue	$33M
Other Current Liabilities	$618.0K
TOTAL CURRENT LIABILITIES	$732M
Long-Term Debt	$189M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$228M
TOTAL LIABILITIES	$960M
Common Stock	$1M
Additional Paid-In Capital	$810M
Retained Earnings	-$96M
Treasury Stock	-$68M
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$638M
Minority Interest	$2M
TOTAL EQUITY	$641M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$205M
Net Debt	-$5M