GDOT FY 2010 Earnings Report — Green Dot Corporation Revenue & Financial Results | Market Cap Arena

Green Dot CorporationGDOT

FY 2010 Earnings

Reported February 25, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$364M	—	$235M	—	55.1%
Op. Income	$69M	—	$64M	—	8.9%
Gross Margin	65.1%	—	100.0%	—	-34.9pp
Net Margin	11.6%	—	15.8%	—	-4.2pp
EPS (Diluted)	$0.98	—	$0.91	—	7.7%
Free Cash Flow	$70M	—	$29M	—	142.1%

Revenue Flow

Item	Amount
REVENUE	$364M
Cost of Revenue	$127M
GROSS PROFIT	$237M
R&D Expenses	$0
Selling & Marketing	$123M
General & Administrative	$45M
SG&A Expenses	$167M
Other Expenses	$313.0K
Operating Expenses	$168M
Cost & Expenses	$295M
OPERATING INCOME	$69M
Interest Income	$365.0K
Interest Expense	$52.0K
Other Income/Expenses	$313.0K
INCOME BEFORE TAX	$70M
Income Tax Expense	$27M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	-$24M
BOTTOM LINE NET INCOME	$27M
D&A	$8M
EBIT	$70M
EBITDA	$77M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$364M
Cost of Revenue	$127M
GROSS PROFIT	$237M
R&D Expenses	$0
Selling & Marketing	$123M
General & Administrative	$45M
SG&A Expenses	$167M
Other Expenses	$313.0K
Operating Expenses	$168M
Cost & Expenses	$295M
OPERATING INCOME	$69M
Interest Income	$365.0K
Interest Expense	$52.0K
Other Income/Expenses	$313.0K
INCOME BEFORE TAX	$70M
Income Tax Expense	$27M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	-$24M
BOTTOM LINE NET INCOME	$27M
D&A	$8M
EBIT	$70M
EBITDA	$77M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$8M
Stock-Based Compensation	$21M
Deferred Income Tax	-$704.0K
Other Non-Cash Items	$22M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$84M
Capital Expenditure	-$13M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$3M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$31M
NET CASH FROM FINANCING	$31M
FREE CASH FLOW	$70M
Net Change in Cash	$111M

Balance Sheet

Item	Amount
Cash & Equivalents	$168M
Short-Term Investments	$0
Net Receivables	$48M
Inventory	$0
Other Current Assets	$25M
TOTAL CURRENT ASSETS	$250M
PP&E (Net)	$18M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$36M
TOTAL ASSETS	$286M
Account Payables	$18M
Short-Term Debt	$0
Deferred Revenue	$17M
Other Current Liabilities	$20M
TOTAL CURRENT LIABILITIES	$112M
Long-Term Debt	$0
Deferred Revenue NC	$44.0K
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$9M
TOTAL LIABILITIES	$121M
Common Stock	$40.0K
Additional Paid-In Capital	$95M
Retained Earnings	$70M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$165M
Minority Interest	$0
TOTAL EQUITY	$165M
TOTAL LIABILITIES & EQUITY	$286M
Total Debt	$0
Net Debt	-$168M