EZPW FY 2011 Earnings Report — EZCORP, Inc. Revenue & Financial Results | Market Cap Arena

EZCORP, Inc.EZPW

FY 2011 Earnings

Reported November 23, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$853M	—	$733M	—	16.3%
Op. Income	$175M	—	$142M	—	23.6%
Gross Margin	61.7%	—	60.9%	—	0.8pp
Net Margin	14.3%	—	13.3%	—	1.1pp
EPS (Diluted)	$2.43	—	$1.96	—	24.0%
Free Cash Flow	$119M	—	$99M	—	20.4%

Revenue Flow

Item	Amount
REVENUE	$853M
Cost of Revenue	$326M
GROSS PROFIT	$526M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$51M
SG&A Expenses	$51M
Other Expenses	$300M
Operating Expenses	$351M
Cost & Expenses	$677M
OPERATING INCOME	$175M
Interest Income	$37.0K
Interest Expense	$2M
Other Income/Expenses	$15M
INCOME BEFORE TAX	$190M
Income Tax Expense	$66M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	-$2M
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$18M
EBIT	$176M
EBITDA	$194M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$853M
Cost of Revenue	$326M
GROSS PROFIT	$526M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$51M
SG&A Expenses	$51M
Other Expenses	$300M
Operating Expenses	$351M
Cost & Expenses	$677M
OPERATING INCOME	$175M
Interest Income	$37.0K
Interest Expense	$2M
Other Income/Expenses	$15M
INCOME BEFORE TAX	$190M
Income Tax Expense	$66M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	-$2M
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$18M
EBIT	$176M
EBITDA	$194M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$122M
Depreciation & Amortization	$18M
Stock-Based Compensation	$13M
Deferred Income Tax	$14M
Other Non-Cash Items	$3M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$153M
Capital Expenditure	-$34M
Acquisitions (Net)	-$68M
Purchases of Investments	-$652M
Sales/Maturities of Investments	$406M
Other Investing Activities	$208M
NET CASH FROM INVESTING	-$141M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$14M
FREE CASH FLOW	$119M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$0
Net Receivables	$193M
Inventory	$90M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$356M
PP&E (Net)	$78M
Goodwill	$173M
Intangible Assets	$20M
Long-Term Investments	$120M
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$400M
TOTAL ASSETS	$756M
Account Payables	$10M
Short-Term Debt	$0
Deferred Revenue	$9M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$64M
Long-Term Debt	$18M
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$28M
TOTAL LIABILITIES	$92M
Common Stock	$501.0K
Additional Paid-In Capital	$242M
Retained Earnings	$422M
Treasury Stock	$0
Accum. Other Comp. Income	-$746.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$664M
Minority Interest	$0
TOTAL EQUITY	$664M
TOTAL LIABILITIES & EQUITY	$756M
Total Debt	$18M
Net Debt	-$6M