EEFT FY 2019 Earnings Report — Euronet Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

Euronet Worldwide, Inc.EEFT

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.5B	—	8.4%
Op. Income	$475M	—	$358M	—	32.8%
Gross Margin	43.4%	—	41.3%	—	2.1pp
Net Margin	12.6%	—	9.2%	—	3.4pp
EPS (Diluted)	$6.31	—	$4.26	—	48.1%
Free Cash Flow	$373M	—	$285M	—	31.1%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$607M
Other Expenses	$112M
Operating Expenses	$718M
Cost & Expenses	$2.3B
OPERATING INCOME	$475M
Interest Income	$2M
Interest Expense	$36M
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$434M
Income Tax Expense	$87M
Net Income from Continuing Ops	$347M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$347M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$347M
D&A	$112M
EBIT	$475M
EBITDA	$587M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$607M
Other Expenses	$112M
Operating Expenses	$718M
Cost & Expenses	$2.3B
OPERATING INCOME	$475M
Interest Income	$2M
Interest Expense	$36M
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$434M
Income Tax Expense	$87M
Net Income from Continuing Ops	$347M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$347M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$347M
D&A	$112M
EBIT	$475M
EBITDA	$587M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$347M
Depreciation & Amortization	$112M
Stock-Based Compensation	$21M
Deferred Income Tax	$17M
Other Non-Cash Items	$24M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$504M
Capital Expenditure	-$131M
Acquisitions (Net)	-$94M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$229M
Net Debt Issuance	$500M
Common Stock Repurchased	-$74M
Common Dividends Paid	$0
Other Financing Activities	-$24M
NET CASH FROM FINANCING	$416M
FREE CASH FLOW	$373M
Net Change in Cash	$686M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$0
Net Receivables	$202M
Inventory	$0
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$738M
Goodwill	$744M
Intangible Assets	$258M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$4.7B
Account Payables	$82M
Short-Term Debt	$6M
Deferred Revenue	$59M
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$56M
Other Non-Current Liabilities	$55M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$3.1B
Common Stock	$1M
Additional Paid-In Capital	$1.2B
Retained Earnings	$1.0B
Treasury Stock	-$464M
Accum. Other Comp. Income	-$165M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$68.0K
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$1.5B
Net Debt	$21M