$CPAY
CORPAY, INC.

2013 Q2 Form 10-Q Financial Statement

#000119312513324377 Filed on August 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $220.9M $171.8M
YoY Change 28.55% 28.02%
Cost Of Revenue $19.60M $17.70M
YoY Change 10.73% 18.79%
Gross Profit $201.3M $154.2M
YoY Change 30.54% 29.25%
Gross Profit Margin 91.14% 89.75%
Selling, General & Admin $44.34M $34.10M
YoY Change 30.04% -33.01%
% of Gross Profit 22.03% 22.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.30M $10.30M
YoY Change 38.83% 39.19%
% of Gross Profit 7.1% 6.68%
Operating Expenses $44.34M $34.10M
YoY Change 30.04% -42.6%
Operating Profit $109.1M $81.45M
YoY Change 33.92% 35.99%
Interest Expense -$3.800M $2.818M
YoY Change -234.85% -180.51%
% of Operating Profit -3.48% 3.46%
Other Income/Expense, Net $6.000K -$2.752M
YoY Change -100.22% -54.62%
Pretax Income $105.3M $78.70M
YoY Change 33.84% 46.2%
Income Tax $32.23M $24.30M
% Of Pretax Income 30.6% 30.87%
Net Earnings $73.10M $54.40M
YoY Change 34.37% 48.17%
Net Earnings / Revenue 33.1% 31.66%
Basic Earnings Per Share $0.90 $0.65
Diluted Earnings Per Share $0.87 $0.63
COMMON SHARES
Basic Shares Outstanding 81.57M shares 83.29M shares
Diluted Shares Outstanding 84.46M shares 85.74M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $293.0M $256.0M
YoY Change 14.45% 153.47%
Cash & Equivalents $292.9M $255.6M
Short-Term Investments
Other Short-Term Assets $83.00M $72.00M
YoY Change 15.28% -30.77%
Inventory
Prepaid Expenses
Receivables $627.7M $545.8M
Other Receivables $402.0M $325.0M
Total Short-Term Assets $1.406B $1.198B
YoY Change 17.32% 58.72%
LONG-TERM ASSETS
Property, Plant & Equipment $46.65M $35.68M
YoY Change 30.77% 27.42%
Goodwill $994.6M $775.7M
YoY Change 28.22%
Intangibles $515.7M $408.7M
YoY Change 26.17%
Long-Term Investments
YoY Change
Other Assets $50.27M $86.22M
YoY Change -41.7% 83.44%
Total Long-Term Assets $1.607B $1.306B
YoY Change 23.03% 51.2%
TOTAL ASSETS
Total Short-Term Assets $1.406B $1.198B
Total Long-Term Assets $1.607B $1.306B
Total Assets $3.013B $2.505B
YoY Change 20.3% 54.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $528.2M $474.8M
YoY Change 11.23% 102.06%
Accrued Expenses $65.87M $34.86M
YoY Change 88.96% -32.97%
Deferred Revenue
YoY Change
Short-Term Debt $402.0M $325.0M
YoY Change 23.69% 100.62%
Long-Term Debt Due $548.1M $454.9M
YoY Change 20.49% 2932.49%
Total Short-Term Liabilities $1.301B $1.135B
YoY Change 14.57% 109.45%
LONG-TERM LIABILITIES
Long-Term Debt $486.0M $286.0M
YoY Change 69.96% 0.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $662.5M $427.6M
YoY Change 54.95% 50.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.301B $1.135B
Total Long-Term Liabilities $662.5M $427.6M
Total Liabilities $1.963B $1.563B
YoY Change 25.62% 72.49%
SHAREHOLDERS EQUITY
Retained Earnings $888.5M $631.0M
YoY Change 40.81%
Common Stock $117.0K $115.0K
YoY Change 1.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $375.7M $175.7M
YoY Change 113.85%
Treasury Stock Shares 35.73M shares 31.88B shares
Shareholders Equity $1.050B $941.9M
YoY Change
Total Liabilities & Shareholders Equity $3.013B $2.505B
YoY Change 20.3% 54.71%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $73.10M $54.40M
YoY Change 34.37% 48.17%
Depreciation, Depletion And Amortization $14.30M $10.30M
YoY Change 38.83% 39.19%
Cash From Operating Activities $96.40M $77.10M
YoY Change 25.03% 582.3%
INVESTING ACTIVITIES
Capital Expenditures $5.346M $4.868M
YoY Change 9.82% 46.54%
Acquisitions
YoY Change
Other Investing Activities -$62.20M -$35.50M
YoY Change 75.21% 4337.5%
Cash From Investing Activities -$67.60M -$40.30M
YoY Change 67.74% 882.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 46.50M -62.20M
YoY Change -174.76% 124.55%
NET CHANGE
Cash From Operating Activities 96.40M 77.10M
Cash From Investing Activities -67.60M -40.30M
Cash From Financing Activities 46.50M -62.20M
Net Change In Cash 75.30M -25.40M
YoY Change -396.46% 23.9%
FREE CASH FLOW
Cash From Operating Activities $96.40M $77.10M
Capital Expenditures $5.346M $4.868M
Free Cash Flow $91.05M $72.23M
YoY Change 26.06% 805.39%

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