EEFT Q2 2023 Earnings Report — Euronet Worldwide, Inc. Revenue & Financial Results | Market Cap Arena

Euronet Worldwide, Inc.EEFT

Q2 2023 Earnings

Reported August 2, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2023	Q1 2023	Q2 2022	QoQ Change	YoY Change
Revenue	$939M	—	$843M	—	11.4%
Op. Income	$123M	—	$101M	—	21.3%
Gross Margin	24.7%	—	25.1%	—	-0.4pp
Net Margin	9.2%	—	6.8%	—	2.4pp
EPS (Diluted)	$1.63	—	$1.07	—	52.3%
Free Cash Flow	$194M	—	$146M	—	32.9%

Revenue Flow

Item	Amount
REVENUE	$939M
Cost of Revenue	$708M
GROSS PROFIT	$232M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$75M
Other Expenses	$34M
Operating Expenses	$109M
Cost & Expenses	$817M
OPERATING INCOME	$123M
Interest Income	$4M
Interest Expense	$14M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$118M
Income Tax Expense	$32M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$87M
D&A	$34M
EBIT	$123M
EBITDA	$156M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$939M
Cost of Revenue	$708M
GROSS PROFIT	$232M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$75M
Other Expenses	$34M
Operating Expenses	$109M
Cost & Expenses	$817M
OPERATING INCOME	$123M
Interest Income	$4M
Interest Expense	$14M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$118M
Income Tax Expense	$32M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$87M
D&A	$34M
EBIT	$123M
EBITDA	$156M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$86M
Depreciation & Amortization	$34M
Stock-Based Compensation	$13M
Deferred Income Tax	-$4M
Other Non-Cash Items	-$5M
Change in Working Capital	$94M
OPERATING CASH FLOW	$217M
Capital Expenditure	-$23M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	$108M
Common Stock Repurchased	-$100.0K
Common Dividends Paid	$0
Other Financing Activities	-$200.0K
NET CASH FROM FINANCING	$109M
FREE CASH FLOW	$194M
Net Change in Cash	$255M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$0
Net Receivables	$243M
Inventory	$0
Other Current Assets	$1.4B
TOTAL CURRENT ASSETS	$3.5B
PP&E (Net)	$482M
Goodwill	$838M
Intangible Assets	$177M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$179M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$5.2B
Account Payables	$190M
Short-Term Debt	$450M
Deferred Revenue	$60M
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$31M
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$3.8B
Common Stock	$1M
Additional Paid-In Capital	$1.3B
Retained Earnings	$1.5B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$220M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	-$500.0K
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$5.2B
Total Debt	$1.9B
Net Debt	-$6M