$CPAY
CORPAY, INC.

2012 Q2 Form 10-Q Financial Statement

#000119312512347573 Filed on August 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $171.8M $134.2M
YoY Change 28.02% 20.48%
Cost Of Revenue $17.70M $14.90M
YoY Change 18.79% 4.93%
Gross Profit $154.2M $119.3M
YoY Change 29.25% 22.74%
Gross Profit Margin 89.75% 88.89%
Selling, General & Admin $34.10M $50.90M
YoY Change -33.01% 32.55%
% of Gross Profit 22.11% 42.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.30M $7.400M
YoY Change 39.19% 7.25%
% of Gross Profit 6.68% 6.2%
Operating Expenses $34.10M $59.40M
YoY Change -42.6% 27.19%
Operating Profit $81.45M $59.89M
YoY Change 35.99% 18.6%
Interest Expense $2.818M -$3.500M
YoY Change -180.51% -36.36%
% of Operating Profit 3.46% -5.84%
Other Income/Expense, Net -$2.752M -$6.064M
YoY Change -54.62% -6164.0%
Pretax Income $78.70M $53.83M
YoY Change 46.2% 19.35%
Income Tax $24.30M $17.11M
% Of Pretax Income 30.87% 31.79%
Net Earnings $54.40M $36.72M
YoY Change 48.17% 24.04%
Net Earnings / Revenue 31.66% 27.36%
Basic Earnings Per Share $0.65 $0.46
Diluted Earnings Per Share $0.63 $0.44
COMMON SHARES
Basic Shares Outstanding 83.29M shares 80.15K shares
Diluted Shares Outstanding 85.74M shares 83.55K shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $256.0M $101.0M
YoY Change 153.47%
Cash & Equivalents $255.6M $101.2M
Short-Term Investments
Other Short-Term Assets $72.00M $104.0M
YoY Change -30.77%
Inventory
Prepaid Expenses
Receivables $545.8M $388.0M
Other Receivables $325.0M $162.0M
Total Short-Term Assets $1.198B $755.0M
YoY Change 58.72%
LONG-TERM ASSETS
Property, Plant & Equipment $35.68M $28.00M
YoY Change 27.42%
Goodwill $775.7M
YoY Change
Intangibles $408.7M
YoY Change
Long-Term Investments
YoY Change
Other Assets $86.22M $47.00M
YoY Change 83.44%
Total Long-Term Assets $1.306B $864.0M
YoY Change 51.2%
TOTAL ASSETS
Total Short-Term Assets $1.198B $755.0M
Total Long-Term Assets $1.306B $864.0M
Total Assets $2.505B $1.619B
YoY Change 54.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $474.8M $235.0M
YoY Change 102.06%
Accrued Expenses $34.86M $52.00M
YoY Change -32.97%
Deferred Revenue
YoY Change
Short-Term Debt $325.0M $162.0M
YoY Change 100.62%
Long-Term Debt Due $454.9M $15.00M
YoY Change 2932.49%
Total Short-Term Liabilities $1.135B $542.0M
YoY Change 109.45%
LONG-TERM LIABILITIES
Long-Term Debt $286.0M $285.0M
YoY Change 0.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $427.6M $285.0M
YoY Change 50.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.135B $542.0M
Total Long-Term Liabilities $427.6M $285.0M
Total Liabilities $1.563B $906.0M
YoY Change 72.49%
SHAREHOLDERS EQUITY
Retained Earnings $631.0M
YoY Change
Common Stock $115.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $175.7M
YoY Change
Treasury Stock Shares 31.88B shares
Shareholders Equity $941.9M $713.0M
YoY Change
Total Liabilities & Shareholders Equity $2.505B $1.619B
YoY Change 54.71%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $54.40M $36.72M
YoY Change 48.17% 24.04%
Depreciation, Depletion And Amortization $10.30M $7.400M
YoY Change 39.19% 7.25%
Cash From Operating Activities $77.10M $11.30M
YoY Change 582.3% 16.49%
INVESTING ACTIVITIES
Capital Expenditures $4.868M $3.322M
YoY Change 46.54% -214.55%
Acquisitions
YoY Change
Other Investing Activities -$35.50M -$800.0K
YoY Change 4337.5% -88.24%
Cash From Investing Activities -$40.30M -$4.100M
YoY Change 882.93% -57.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.20M -27.70M
YoY Change 124.55% 241.98%
NET CHANGE
Cash From Operating Activities 77.10M 11.30M
Cash From Investing Activities -40.30M -4.100M
Cash From Financing Activities -62.20M -27.70M
Net Change In Cash -25.40M -20.50M
YoY Change 23.9% 153.09%
FREE CASH FLOW
Cash From Operating Activities $77.10M $11.30M
Capital Expenditures $4.868M $3.322M
Free Cash Flow $72.23M $7.978M
YoY Change 805.39% -36.68%

Facts In Submission

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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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2012
dei Document Type
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10-Q
dei Document Period End Date
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2012-06-30
dei Entity Central Index Key
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0001175454
dei Current Fiscal Year End Date
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dei Trading Symbol
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FLT
dei Entity Registrant Name
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FLEETCOR TECHNOLOGIES INC
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<div> <p style="MARGIN-TOP: 14px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Reclassifications</b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Certain prior period amounts have been reclassified to conform to the current period presentation. The December&#xA0;31, 2011 consolidated balance sheet has been recasted to reflect adjustments to the provisional opening balance sheet amounts as discussed further in Note 5.</font></p> </div>
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4.9
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500000000
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0.318 pure
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53828000
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3400000
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368000
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0.46
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500000
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134213000
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-2164000
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