EEFT FY 2014 Earnings Report — Euronet Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

Euronet Worldwide, Inc.EEFT

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.4B	—	17.8%
Op. Income	$159M	—	$118M	—	34.1%
Gross Margin	37.9%	—	40.6%	—	-2.7pp
Net Margin	6.1%	—	6.2%	—	-0.1pp
EPS (Diluted)	$1.89	—	$1.69	—	11.8%
Free Cash Flow	$172M	—	$128M	—	33.9%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$631M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$400M
Other Expenses	$69M
Operating Expenses	$472M
Cost & Expenses	$1.5B
OPERATING INCOME	$159M
Interest Income	$3M
Interest Expense	$12M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$142M
Income Tax Expense	$40M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$71M
EBIT	$159M
EBITDA	$230M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$631M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$400M
Other Expenses	$69M
Operating Expenses	$472M
Cost & Expenses	$1.5B
OPERATING INCOME	$159M
Interest Income	$3M
Interest Expense	$12M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$142M
Income Tax Expense	$40M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$71M
EBIT	$159M
EBITDA	$230M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$102M
Depreciation & Amortization	$71M
Stock-Based Compensation	$13M
Deferred Income Tax	-$5M
Other Non-Cash Items	$62M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$235M
Capital Expenditure	-$63M
Acquisitions (Net)	-$85M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$90M
NET CASH FROM INVESTING	-$153M
Net Debt Issuance	$285M
Common Stock Repurchased	-$66M
Common Dividends Paid	$0
Other Financing Activities	-$12M
NET CASH FROM FINANCING	$218M
FREE CASH FLOW	$172M
Net Change in Cash	$258M

Balance Sheet

Item	Amount
Cash & Equivalents	$468M
Short-Term Investments	$0
Net Receivables	$376M
Inventory	$86M
Other Current Assets	$109M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$125M
Goodwill	$600M
Intangible Assets	$158M
Long-Term Investments	-$39M
Tax Assets	$39M
Other Non-Current Assets	$62M
TOTAL NON-CURRENT ASSETS	$946M
TOTAL ASSETS	$2.1B
Account Payables	$446M
Short-Term Debt	$11M
Deferred Revenue	$34M
Other Current Liabilities	$37M
TOTAL CURRENT LIABILITIES	$849M
Long-Term Debt	$397M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$39M
Other Non-Current Liabilities	$57M
TOTAL NON-CURRENT LIABILITIES	$470M
TOTAL LIABILITIES	$1.3B
Common Stock	$1M
Additional Paid-In Capital	$956M
Retained Earnings	$6M
Treasury Stock	-$134M
Accum. Other Comp. Income	-$98M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$733M
Minority Interest	$2M
TOTAL EQUITY	$735M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$426M
Net Debt	-$42M