GDOT FY 2021 Earnings Report — Green Dot Corporation Revenue & Financial Results | Market Cap Arena

Green Dot CorporationGDOT

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	14.3%
Op. Income	$66M	—	$30M	—	121.0%
Gross Margin	54.4%	—	57.9%	—	-3.6pp
Net Margin	3.3%	—	1.8%	—	1.5pp
EPS (Diluted)	$0.85	—	$0.42	—	102.4%
Free Cash Flow	$110M	—	$150M	—	-27.0%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$654M
GROSS PROFIT	$779M
R&D Expenses	$0
Selling & Marketing	$382M
General & Administrative	$331M
SG&A Expenses	$713M
Other Expenses	-$150.0K
Operating Expenses	$713M
Cost & Expenses	$1.4B
OPERATING INCOME	$66M
Interest Income	$0
Interest Expense	$150.0K
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$64M
Income Tax Expense	$16M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	-$9.0K
BOTTOM LINE NET INCOME	$47M
D&A	$85M
EBIT	$66M
EBITDA	$151M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$654M
GROSS PROFIT	$779M
R&D Expenses	$0
Selling & Marketing	$382M
General & Administrative	$331M
SG&A Expenses	$713M
Other Expenses	-$150.0K
Operating Expenses	$713M
Cost & Expenses	$1.4B
OPERATING INCOME	$66M
Interest Income	$0
Interest Expense	$150.0K
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$64M
Income Tax Expense	$16M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	-$9.0K
BOTTOM LINE NET INCOME	$47M
D&A	$85M
EBIT	$66M
EBITDA	$151M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$85M
Stock-Based Compensation	$51M
Deferred Income Tax	$3M
Other Non-Cash Items	$46M
Change in Working Capital	-$65M
OPERATING CASH FLOW	$167M
Capital Expenditure	-$57M
Acquisitions (Net)	-$35M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$204M
Other Investing Activities	-$29M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1.0B
NET CASH FROM FINANCING	$1.0B
FREE CASH FLOW	$110M
Net Change in Cash	-$171M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$61M
Inventory	$0
Other Current Assets	$405M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$146M
Goodwill	$302M
Intangible Assets	$165M
Long-Term Investments	$2.1B
Tax Assets	$15M
Other Non-Current Assets	$173M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$4.7B
Account Payables	$51M
Short-Term Debt	$0
Deferred Revenue	$153M
Other Current Liabilities	$3.3B
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$12M
TOTAL LIABILITIES	$3.7B
Common Stock	$55.0K
Additional Paid-In Capital	$401M
Retained Earnings	$699M
Treasury Stock	$0
Accum. Other Comp. Income	-$30M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$15M
Net Debt	-$1.3B