GDOT FY 2012 Earnings Report — Green Dot Corporation Revenue & Financial Results | Market Cap Arena

Green Dot CorporationGDOT

FY 2012 Earnings

Reported August 9, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$550M	—	$468M	—	17.5%
Op. Income	$72M	—	$83M	—	-13.6%
Gross Margin	65.0%	—	66.1%	—	-1.0pp
Net Margin	8.6%	—	11.1%	—	-2.5pp
EPS (Diluted)	$1.07	—	$1.19	—	-10.1%
Free Cash Flow	$50M	—	$71M	—	-30.2%

Revenue Flow

Item	Amount
REVENUE	$550M
Cost of Revenue	$192M
GROSS PROFIT	$358M
R&D Expenses	$0
Selling & Marketing	$210M
General & Administrative	$72M
SG&A Expenses	$282M
Other Expenses	$4M
Operating Expenses	$286M
Cost & Expenses	$478M
OPERATING INCOME	$72M
Interest Income	$4M
Interest Expense	$76.0K
Other Income/Expenses	$4M
INCOME BEFORE TAX	$76M
Income Tax Expense	$29M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	-$293.0K
BOTTOM LINE NET INCOME	$39M
D&A	$18M
EBIT	$76M
EBITDA	$94M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$550M
Cost of Revenue	$192M
GROSS PROFIT	$358M
R&D Expenses	$0
Selling & Marketing	$210M
General & Administrative	$72M
SG&A Expenses	$282M
Other Expenses	$4M
Operating Expenses	$286M
Cost & Expenses	$478M
OPERATING INCOME	$72M
Interest Income	$4M
Interest Expense	$76.0K
Other Income/Expenses	$4M
INCOME BEFORE TAX	$76M
Income Tax Expense	$29M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	-$293.0K
BOTTOM LINE NET INCOME	$39M
D&A	$18M
EBIT	$76M
EBITDA	$94M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$18M
Stock-Based Compensation	$21M
Deferred Income Tax	$7M
Other Non-Cash Items	$61M
Change in Working Capital	-$65M
OPERATING CASH FLOW	$90M
Capital Expenditure	-$40M
Acquisitions (Net)	-$20M
Purchases of Investments	-$272M
Sales/Maturities of Investments	$119M
Other Investing Activities	$15M
NET CASH FROM INVESTING	-$199M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$179M
NET CASH FROM FINANCING	$180M
FREE CASH FLOW	$50M
Net Change in Cash	$71M

Balance Sheet

Item	Amount
Cash & Equivalents	$297M
Short-Term Investments	$115M
Net Receivables	$48M
Inventory	$0
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$530M
PP&E (Net)	$58M
Goodwill	$27M
Intangible Assets	$4M
Long-Term Investments	$69M
Tax Assets	$5M
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$196M
TOTAL ASSETS	$726M
Account Payables	$31M
Short-Term Debt	$51M
Deferred Revenue	$66M
Other Current Liabilities	$151M
TOTAL CURRENT LIABILITIES	$379M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$19M
TOTAL LIABILITIES	$398M
Common Stock	$35.0K
Additional Paid-In Capital	$159M
Retained Earnings	$169M
Treasury Stock	$0
Accum. Other Comp. Income	$106.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$328M
Minority Interest	$0
TOTAL EQUITY	$328M
TOTAL LIABILITIES & EQUITY	$726M
Total Debt	$51M
Net Debt	-$246M