GDOT FY 2017 Earnings Report — Green Dot Corporation Revenue & Financial Results | Market Cap Arena

Green Dot CorporationGDOT

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$901M	—	$726M	—	24.1%
Op. Income	$109M	—	$63M	—	72.6%
Gross Margin	59.9%	—	62.0%	—	-2.1pp
Net Margin	9.5%	—	5.7%	—	3.8pp
EPS (Diluted)	$1.61	—	$0.80	—	101.3%
Free Cash Flow	$174M	—	$71M	—	144.5%

Revenue Flow

Item	Amount
REVENUE	$901M
Cost of Revenue	$362M
GROSS PROFIT	$540M
R&D Expenses	$0
Selling & Marketing	$281M
General & Administrative	$156M
SG&A Expenses	$436M
Other Expenses	-$6M
Operating Expenses	$430M
Cost & Expenses	$792M
OPERATING INCOME	$109M
Interest Income	$11M
Interest Expense	$6M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$103M
Income Tax Expense	$18M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$65M
EBIT	$103M
EBITDA	$168M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$901M
Cost of Revenue	$362M
GROSS PROFIT	$540M
R&D Expenses	$0
Selling & Marketing	$281M
General & Administrative	$156M
SG&A Expenses	$436M
Other Expenses	-$6M
Operating Expenses	$430M
Cost & Expenses	$792M
OPERATING INCOME	$109M
Interest Income	$11M
Interest Expense	$6M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$103M
Income Tax Expense	$18M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$65M
EBIT	$103M
EBITDA	$168M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$86M
Depreciation & Amortization	$65M
Stock-Based Compensation	$41M
Deferred Income Tax	$3M
Other Non-Cash Items	$72M
Change in Working Capital	-$48M
OPERATING CASH FLOW	$218M
Capital Expenditure	-$44M
Acquisitions (Net)	-$141M
Purchases of Investments	-$59M
Sales/Maturities of Investments	$112M
Other Investing Activities	-$91M
NET CASH FROM INVESTING	-$224M
Net Debt Issuance	-$23M
Common Stock Repurchased	-$52M
Common Dividends Paid	$0
Other Financing Activities	$285M
NET CASH FROM FINANCING	$192M
FREE CASH FLOW	$174M
Net Change in Cash	$187M

Balance Sheet

Item	Amount
Cash & Equivalents	$919M
Short-Term Investments	$12M
Net Receivables	$27M
Inventory	$0
Other Current Assets	$347M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$97M
Goodwill	$302M
Intangible Assets	$281M
Long-Term Investments	$142M
Tax Assets	$7M
Other Non-Current Assets	$49M
TOTAL NON-CURRENT ASSETS	$876M
TOTAL ASSETS	$2.2B
Account Payables	$35M
Short-Term Debt	$21M
Deferred Revenue	$126M
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$59M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$97M
TOTAL LIABILITIES	$1.4B
Common Stock	$51.0K
Additional Paid-In Capital	$355M
Retained Earnings	$410M
Treasury Stock	$0
Accum. Other Comp. Income	-$730.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$765M
Minority Interest	$0
TOTAL EQUITY	$765M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$80M
Net Debt	-$840M