GDOT FY 2013 Earnings Report — Green Dot Corporation Revenue & Financial Results | Market Cap Arena

Green Dot CorporationGDOT

FY 2013 Earnings

Reported March 3, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$577M	—	$550M	—	4.9%
Op. Income	$49M	—	$72M	—	-31.9%
Gross Margin	62.4%	—	65.0%	—	-2.7pp
Net Margin	5.9%	—	8.6%	—	-2.7pp
EPS (Diluted)	$0.76	—	$1.07	—	-29.0%
Free Cash Flow	$87M	—	$50M	—	75.0%

Revenue Flow

Item	Amount
REVENUE	$577M
Cost of Revenue	$217M
GROSS PROFIT	$360M
R&D Expenses	$0
Selling & Marketing	$218M
General & Administrative	$89M
SG&A Expenses	$307M
Other Expenses	$3M
Operating Expenses	$311M
Cost & Expenses	$528M
OPERATING INCOME	$49M
Interest Income	$3M
Interest Expense	$72.0K
Other Income/Expenses	$3M
INCOME BEFORE TAX	$53M
Income Tax Expense	$18M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	-$172.0K
BOTTOM LINE NET INCOME	$28M
D&A	$27M
EBIT	$53M
EBITDA	$80M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$577M
Cost of Revenue	$217M
GROSS PROFIT	$360M
R&D Expenses	$0
Selling & Marketing	$218M
General & Administrative	$89M
SG&A Expenses	$307M
Other Expenses	$3M
Operating Expenses	$311M
Cost & Expenses	$528M
OPERATING INCOME	$49M
Interest Income	$3M
Interest Expense	$72.0K
Other Income/Expenses	$3M
INCOME BEFORE TAX	$53M
Income Tax Expense	$18M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	-$172.0K
BOTTOM LINE NET INCOME	$28M
D&A	$27M
EBIT	$53M
EBITDA	$80M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$34M
Depreciation & Amortization	$27M
Stock-Based Compensation	$23M
Deferred Income Tax	$5M
Other Non-Cash Items	$53M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$123M
Capital Expenditure	-$36M
Acquisitions (Net)	$0
Purchases of Investments	-$274M
Sales/Maturities of Investments	$258M
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$53M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$58M
NET CASH FROM FINANCING	$58M
FREE CASH FLOW	$87M
Net Change in Cash	$127M

Balance Sheet

Item	Amount
Cash & Equivalents	$424M
Short-Term Investments	$116M
Net Receivables	$62M
Inventory	$0
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$666M
PP&E (Net)	$60M
Goodwill	$27M
Intangible Assets	$3M
Long-Term Investments	$83M
Tax Assets	$3M
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$209M
TOTAL ASSETS	$875M
Account Payables	$35M
Short-Term Debt	$50M
Deferred Revenue	$90M
Other Current Liabilities	$178M
TOTAL CURRENT LIABILITIES	$439M
Long-Term Debt	$0
Deferred Revenue NC	$300.0K
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$34M
TOTAL NON-CURRENT LIABILITIES	$34M
TOTAL LIABILITIES	$473M
Common Stock	$38.0K
Additional Paid-In Capital	$199M
Retained Earnings	$203M
Treasury Stock	$0
Accum. Other Comp. Income	-$47.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$402M
Minority Interest	$0
TOTAL EQUITY	$402M
TOTAL LIABILITIES & EQUITY	$875M
Total Debt	$50M
Net Debt	-$374M