EEFT FY 2017 Earnings Report — Euronet Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

Euronet Worldwide, Inc.EEFT

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.0B	—	15.0%
Op. Income	$266M	—	$250M	—	6.5%
Gross Margin	39.8%	—	40.0%	—	-0.2pp
Net Margin	7.0%	—	8.9%	—	-1.9pp
EPS (Diluted)	$2.85	—	$3.23	—	-11.8%
Free Cash Flow	$189M	—	$304M	—	-37.8%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.4B
GROSS PROFIT	$896M
R&D Expenses	$15M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$501M
Other Expenses	$129M
Operating Expenses	$630M
Cost & Expenses	$2.0B
OPERATING INCOME	$266M
Interest Income	$3M
Interest Expense	$32M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$256M
Income Tax Expense	$99M
Net Income from Continuing Ops	$157M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$95M
EBIT	$300M
EBITDA	$395M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.4B
GROSS PROFIT	$896M
R&D Expenses	$15M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$501M
Other Expenses	$129M
Operating Expenses	$630M
Cost & Expenses	$2.0B
OPERATING INCOME	$266M
Interest Income	$3M
Interest Expense	$32M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$256M
Income Tax Expense	$99M
Net Income from Continuing Ops	$157M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$95M
EBIT	$300M
EBITDA	$395M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$157M
Depreciation & Amortization	$95M
Stock-Based Compensation	$16M
Deferred Income Tax	-$11M
Other Non-Cash Items	$34M
Change in Working Capital	-$198M
OPERATING CASH FLOW	$286M
Capital Expenditure	-$97M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$102M
Net Debt Issuance	-$169M
Common Stock Repurchased	-$3M
Common Dividends Paid	$0
Other Financing Activities	$281.0K
NET CASH FROM FINANCING	-$161M
FREE CASH FLOW	$189M
Net Change in Cash	$88M

Balance Sheet

Item	Amount
Cash & Equivalents	$819M
Short-Term Investments	$0
Net Receivables	$745M
Inventory	$96M
Other Current Assets	$118M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$268M
Goodwill	$717M
Intangible Assets	$151M
Long-Term Investments	-$55M
Tax Assets	$55M
Other Non-Current Assets	$114M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$3.1B
Account Payables	$495M
Short-Term Debt	$41M
Deferred Revenue	$52M
Other Current Liabilities	$22M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$404M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$55M
Other Non-Current Liabilities	$119M
TOTAL NON-CURRENT LIABILITIES	$533M
TOTAL LIABILITIES	$1.9B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$437M
Treasury Stock	-$217M
Accum. Other Comp. Income	-$94M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$960.0K
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$461M
Net Debt	-$359M