GDOT FY 2014 Earnings Report — Green Dot Corporation Revenue & Financial Results | Market Cap Arena

Green Dot CorporationGDOT

FY 2014 Earnings

Reported March 2, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$606M	—	$577M	—	4.9%
Op. Income	$59M	—	$49M	—	20.1%
Gross Margin	66.4%	—	62.4%	—	4.1pp
Net Margin	7.0%	—	5.9%	—	1.2pp
EPS (Diluted)	$0.90	—	$0.76	—	18.4%
Free Cash Flow	$30M	—	$87M	—	-65.6%

Revenue Flow

Item	Amount
REVENUE	$606M
Cost of Revenue	$203M
GROSS PROFIT	$402M
R&D Expenses	$0
Selling & Marketing	$235M
General & Administrative	$105M
SG&A Expenses	$340M
Other Expenses	$3M
Operating Expenses	$343M
Cost & Expenses	$547M
OPERATING INCOME	$59M
Interest Income	$4M
Interest Expense	$1M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$69M
Income Tax Expense	$26M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	-$94.0K
BOTTOM LINE NET INCOME	$38M
D&A	$37M
EBIT	$62M
EBITDA	$99M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$606M
Cost of Revenue	$203M
GROSS PROFIT	$402M
R&D Expenses	$0
Selling & Marketing	$235M
General & Administrative	$105M
SG&A Expenses	$340M
Other Expenses	$3M
Operating Expenses	$343M
Cost & Expenses	$547M
OPERATING INCOME	$59M
Interest Income	$4M
Interest Expense	$1M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$69M
Income Tax Expense	$26M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	-$94.0K
BOTTOM LINE NET INCOME	$38M
D&A	$37M
EBIT	$62M
EBITDA	$99M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$37M
Stock-Based Compensation	$29M
Deferred Income Tax	$463.0K
Other Non-Cash Items	$39M
Change in Working Capital	-$79M
OPERATING CASH FLOW	$69M
Capital Expenditure	-$39M
Acquisitions (Net)	-$227M
Purchases of Investments	-$212M
Sales/Maturities of Investments	$290M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$187M
Net Debt Issuance	$150M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$269M
NET CASH FROM FINANCING	$419M
FREE CASH FLOW	$30M
Net Change in Cash	$301M

Balance Sheet

Item	Amount
Cash & Equivalents	$725M
Short-Term Investments	$47M
Net Receivables	$59M
Inventory	$0
Other Current Assets	$173M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$77M
Goodwill	$145M
Intangible Assets	$273M
Long-Term Investments	$74M
Tax Assets	$4M
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$605M
TOTAL ASSETS	$1.6B
Account Payables	$36M
Short-Term Debt	$21M
Deferred Revenue	$122M
Other Current Liabilities	$570M
TOTAL CURRENT LIABILITIES	$830M
Long-Term Debt	$122M
Deferred Revenue NC	$200.0K
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$155M
TOTAL LIABILITIES	$985M
Common Stock	$51.0K
Additional Paid-In Capital	$383M
Retained Earnings	$246M
Treasury Stock	$0
Accum. Other Comp. Income	-$52.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$629M
Minority Interest	$0
TOTAL EQUITY	$629M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$143M
Net Debt	-$582M