GDOT FY 2016 Earnings Report — Green Dot Corporation Revenue & Financial Results | Market Cap Arena

Green Dot CorporationGDOT

FY 2016 Earnings

Reported February 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$726M	—	$699M	—	3.8%
Op. Income	$63M	—	$59M	—	6.7%
Gross Margin	62.0%	—	60.5%	—	1.5pp
Net Margin	5.7%	—	5.5%	—	0.2pp
EPS (Diluted)	$0.80	—	$0.72	—	11.1%
Free Cash Flow	$71M	—	$109M	—	-34.6%

Revenue Flow

Item	Amount
REVENUE	$726M
Cost of Revenue	$276M
GROSS PROFIT	$450M
R&D Expenses	$0
Selling & Marketing	$249M
General & Administrative	$139M
SG&A Expenses	$388M
Other Expenses	-$2M
Operating Expenses	$387M
Cost & Expenses	$663M
OPERATING INCOME	$63M
Interest Income	$7M
Interest Expense	$9M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$62M
Income Tax Expense	$20M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	-$20.0K
BOTTOM LINE NET INCOME	$41M
D&A	$62M
EBIT	$62M
EBITDA	$124M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$726M
Cost of Revenue	$276M
GROSS PROFIT	$450M
R&D Expenses	$0
Selling & Marketing	$249M
General & Administrative	$139M
SG&A Expenses	$388M
Other Expenses	-$2M
Operating Expenses	$387M
Cost & Expenses	$663M
OPERATING INCOME	$63M
Interest Income	$7M
Interest Expense	$9M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$62M
Income Tax Expense	$20M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	-$20.0K
BOTTOM LINE NET INCOME	$41M
D&A	$62M
EBIT	$62M
EBITDA	$124M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$62M
Stock-Based Compensation	$28M
Deferred Income Tax	$1M
Other Non-Cash Items	$75M
Change in Working Capital	-$95M
OPERATING CASH FLOW	$115M
Capital Expenditure	-$43M
Acquisitions (Net)	$0
Purchases of Investments	-$136M
Sales/Maturities of Investments	$107M
Other Investing Activities	$220.0K
NET CASH FROM INVESTING	-$72M
Net Debt Issuance	-$23M
Common Stock Repurchased	-$59M
Common Dividends Paid	$0
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$76M
FREE CASH FLOW	$71M
Net Change in Cash	-$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$733M
Short-Term Investments	$47M
Net Receivables	$36M
Inventory	$0
Other Current Assets	$181M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$83M
Goodwill	$208M
Intangible Assets	$243M
Long-Term Investments	$162M
Tax Assets	$5M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$727M
TOTAL ASSETS	$1.7B
Account Payables	$23M
Short-Term Debt	$21M
Deferred Revenue	$71M
Other Current Liabilities	$742M
TOTAL CURRENT LIABILITIES	$961M
Long-Term Debt	$80M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$96M
TOTAL LIABILITIES	$1.1B
Common Stock	$51.0K
Additional Paid-In Capital	$358M
Retained Earnings	$326M
Treasury Stock	$0
Accum. Other Comp. Income	-$181.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$684M
Minority Interest	$0
TOTAL EQUITY	$684M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$101M
Net Debt	-$632M