$CPAY
CORPAY, INC.

2012 Q3 Form 10-Q Financial Statement

#000119312512463560 Filed on November 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $186.9M $134.2M
YoY Change 39.28% 20.15%
Cost Of Revenue $6.900M $13.30M
YoY Change -48.12% -2.92%
Gross Profit $180.0M $120.9M
YoY Change 48.91% 23.49%
Gross Profit Margin 96.31% 90.08%
Selling, General & Admin $44.01M $29.21M
YoY Change 50.65% -26.97%
% of Gross Profit 24.45% 24.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.10M $7.800M
YoY Change 55.13% 2.63%
% of Gross Profit 6.72% 6.45%
Operating Expenses $44.01M $29.21M
YoY Change 50.65% -40.26%
Operating Profit $85.83M $61.72M
YoY Change 39.06% 25.97%
Interest Expense $3.246M $3.130M
YoY Change 3.71% -155.89%
% of Operating Profit 3.78% 5.07%
Other Income/Expense, Net $3.000K $518.0K
YoY Change -99.42% -26.0%
Pretax Income $82.59M $59.11M
YoY Change 39.72% 33.74%
Income Tax $22.94M $18.60M
% Of Pretax Income 27.78% 31.46%
Net Earnings $59.65M $40.51M
YoY Change 47.23% 21.3%
Net Earnings / Revenue 31.91% 30.19%
Basic Earnings Per Share $0.71 $0.50
Diluted Earnings Per Share $0.69 $0.48
COMMON SHARES
Basic Shares Outstanding 84.00M shares 80.82K shares
Diluted Shares Outstanding 86.22M shares 83.65K shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.0M $137.0M
YoY Change 118.98% 23.42%
Cash & Equivalents $300.1M $137.3M
Short-Term Investments
Other Short-Term Assets $84.00M $80.00M
YoY Change 5.0% -29.2%
Inventory
Prepaid Expenses
Receivables $578.8M $420.0M
Other Receivables $355.0M $150.0M
Total Short-Term Assets $1.318B $787.0M
YoY Change 67.47% 21.45%
LONG-TERM ASSETS
Property, Plant & Equipment $46.54M $30.00M
YoY Change 55.14% 15.38%
Goodwill $923.7M
YoY Change
Intangibles $465.8M
YoY Change
Long-Term Investments
YoY Change
Other Assets $88.11M $45.00M
YoY Change 95.8% 0.0%
Total Long-Term Assets $1.524B $953.0M
YoY Change 59.93% 11.33%
TOTAL ASSETS
Total Short-Term Assets $1.318B $787.0M
Total Long-Term Assets $1.524B $953.0M
Total Assets $2.842B $1.740B
YoY Change 63.34% 15.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $533.1M $241.0M
YoY Change 121.21% 6.64%
Accrued Expenses $60.70M $29.00M
YoY Change 109.3% -36.96%
Deferred Revenue
YoY Change
Short-Term Debt $355.0M $150.0M
YoY Change 136.67% -10.18%
Long-Term Debt Due $583.6M $15.00M
YoY Change 3790.93% 36.36%
Total Short-Term Liabilities $1.355B $604.0M
YoY Change 124.4% 15.49%
LONG-TERM LIABILITIES
Long-Term Debt $278.9M $281.0M
YoY Change -0.76% -13.27%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $451.7M $281.0M
YoY Change 60.73% -13.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.355B $604.0M
Total Long-Term Liabilities $451.7M $281.0M
Total Liabilities $1.807B $978.0M
YoY Change 84.77% 4.94%
SHAREHOLDERS EQUITY
Retained Earnings $690.6M
YoY Change
Common Stock $116.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $175.7M
YoY Change
Treasury Stock Shares 31.88M shares
Shareholders Equity $1.035B $762.0M
YoY Change
Total Liabilities & Shareholders Equity $2.842B $1.740B
YoY Change 63.34% 15.69%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $59.65M $40.51M
YoY Change 47.23% 21.3%
Depreciation, Depletion And Amortization $12.10M $7.800M
YoY Change 55.13% 2.63%
Cash From Operating Activities $69.90M $68.00M
YoY Change 2.79% 25.0%
INVESTING ACTIVITIES
Capital Expenditures $5.203M $2.492M
YoY Change 108.79% -218.67%
Acquisitions
YoY Change
Other Investing Activities -$154.3M -$21.10M
YoY Change 631.28% -3616.67%
Cash From Investing Activities -$159.6M -$23.60M
YoY Change 576.27% 1473.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 126.3M -5.300M
YoY Change -2483.02% -79.38%
NET CHANGE
Cash From Operating Activities 69.90M 68.00M
Cash From Investing Activities -159.6M -23.60M
Cash From Financing Activities 126.3M -5.300M
Net Change In Cash 36.60M 39.10M
YoY Change -6.39% 43.75%
FREE CASH FLOW
Cash From Operating Activities $69.90M $68.00M
Capital Expenditures $5.203M $2.492M
Free Cash Flow $64.70M $65.51M
YoY Change -1.24% 15.94%

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dei Document Fiscal Period Focus
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dei Document Type
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dei Document Period End Date
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dei Current Fiscal Year End Date
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dei Trading Symbol
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dei Entity Registrant Name
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<div> <p style="MARGIN-TOP: 18px; 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 recast to reflect adjustments to the provisional opening balance sheet amounts as discussed further in Note 5.</font></p> </div>
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