GDOT FY 2018 Earnings Report — Green Dot Corporation Revenue & Financial Results | Market Cap Arena

Green Dot CorporationGDOT

FY 2018 Earnings

Reported February 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.1B	—	$901M	—	18.2%
Op. Income	$130M	—	$109M	—	19.3%
Gross Margin	61.7%	—	59.9%	—	1.8pp
Net Margin	11.1%	—	9.5%	—	1.6pp
EPS (Diluted)	$2.18	—	$1.61	—	35.4%
Free Cash Flow	$190M	—	$174M	—	9.1%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$408M
GROSS PROFIT	$658M
R&D Expenses	$0
Selling & Marketing	$326M
General & Administrative	$206M
SG&A Expenses	$532M
Other Expenses	-$5M
Operating Expenses	$527M
Cost & Expenses	$935M
OPERATING INCOME	$130M
Interest Income	$24M
Interest Expense	$5M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$124M
Income Tax Expense	$5M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$71M
EBIT	$125M
EBITDA	$197M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$408M
GROSS PROFIT	$658M
R&D Expenses	$0
Selling & Marketing	$326M
General & Administrative	$206M
SG&A Expenses	$532M
Other Expenses	-$5M
Operating Expenses	$527M
Cost & Expenses	$935M
OPERATING INCOME	$130M
Interest Income	$24M
Interest Expense	$5M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$124M
Income Tax Expense	$5M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$71M
EBIT	$125M
EBITDA	$197M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$71M
Stock-Based Compensation	$50M
Deferred Income Tax	-$234.0K
Other Non-Cash Items	$19M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$251M
Capital Expenditure	-$61M
Acquisitions (Net)	$0
Purchases of Investments	-$187M
Sales/Maturities of Investments	$139M
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$115M
Net Debt Issuance	-$23M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$28M
NET CASH FROM FINANCING	-$51M
FREE CASH FLOW	$190M
Net Change in Cash	$85M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$20M
Net Receivables	$30M
Inventory	$0
Other Current Assets	$212M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$120M
Goodwill	$302M
Intangible Assets	$249M
Long-Term Investments	$181M
Tax Assets	$8M
Other Non-Current Assets	$51M
TOTAL NON-CURRENT ASSETS	$911M
TOTAL ASSETS	$2.3B
Account Payables	$39M
Short-Term Debt	$59M
Deferred Revenue	$93M
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$40M
TOTAL LIABILITIES	$1.4B
Common Stock	$53.0K
Additional Paid-In Capital	$381M
Retained Earnings	$529M
Treasury Stock	$0
Accum. Other Comp. Income	-$137.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$910M
Minority Interest	$0
TOTAL EQUITY	$910M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$59M
Net Debt	-$1.0B