$CPAY
CORPAY, INC.

2013 Q3 Form 10-Q Financial Statement

#000119312513435214 Filed on November 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $225.2M $186.9M
YoY Change 20.44% 39.28%
Cost Of Revenue $16.90M $6.900M
YoY Change 144.93% -48.12%
Gross Profit $208.2M $180.0M
YoY Change 15.65% 48.91%
Gross Profit Margin 92.47% 96.31%
Selling, General & Admin $45.42M $44.01M
YoY Change 3.2% 50.65%
% of Gross Profit 21.81% 24.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.40M $12.10M
YoY Change 35.54% 55.13%
% of Gross Profit 7.88% 6.72%
Operating Expenses $45.42M $44.01M
YoY Change 3.2% 50.65%
Operating Profit $111.3M $85.83M
YoY Change 29.62% 39.06%
Interest Expense $3.756M $3.246M
YoY Change 15.71% 3.71%
% of Operating Profit 3.38% 3.78%
Other Income/Expense, Net $156.0K $3.000K
YoY Change 5100.0% -99.42%
Pretax Income $107.7M $82.59M
YoY Change 30.35% 39.72%
Income Tax $29.04M $22.94M
% Of Pretax Income 26.97% 27.78%
Net Earnings $78.62M $59.65M
YoY Change 31.81% 47.23%
Net Earnings / Revenue 34.92% 31.91%
Basic Earnings Per Share $0.96 $0.71
Diluted Earnings Per Share $0.93 $0.69
COMMON SHARES
Basic Shares Outstanding 81.97M shares 84.00M shares
Diluted Shares Outstanding 84.91M shares 86.22M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $346.0M $300.0M
YoY Change 15.33% 118.98%
Cash & Equivalents $345.7M $300.1M
Short-Term Investments
Other Short-Term Assets $89.00M $84.00M
YoY Change 5.95% 5.0%
Inventory
Prepaid Expenses
Receivables $661.9M $578.8M
Other Receivables $394.0M $355.0M
Total Short-Term Assets $1.491B $1.318B
YoY Change 13.09% 67.47%
LONG-TERM ASSETS
Property, Plant & Equipment $48.80M $46.54M
YoY Change 4.85% 55.14%
Goodwill $1.242B $923.7M
YoY Change 34.45%
Intangibles $643.9M $465.8M
YoY Change 38.25%
Long-Term Investments
YoY Change
Other Assets $49.88M $88.11M
YoY Change -43.39% 95.8%
Total Long-Term Assets $1.985B $1.524B
YoY Change 30.21% 59.93%
TOTAL ASSETS
Total Short-Term Assets $1.491B $1.318B
Total Long-Term Assets $1.985B $1.524B
Total Assets $3.475B $2.842B
YoY Change 22.27% 63.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $567.4M $533.1M
YoY Change 6.44% 121.21%
Accrued Expenses $69.05M $60.70M
YoY Change 13.77% 109.3%
Deferred Revenue
YoY Change
Short-Term Debt $394.0M $355.0M
YoY Change 10.99% 136.67%
Long-Term Debt Due $654.9M $583.6M
YoY Change 12.21% 3790.93%
Total Short-Term Liabilities $1.597B $1.355B
YoY Change 17.82% 124.4%
LONG-TERM LIABILITIES
Long-Term Debt $479.1M $278.9M
YoY Change 71.8% -0.76%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $704.2M $451.7M
YoY Change 55.93% 60.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.597B $1.355B
Total Long-Term Liabilities $704.2M $451.7M
Total Liabilities $2.301B $1.807B
YoY Change 27.35% 84.77%
SHAREHOLDERS EQUITY
Retained Earnings $967.1M $690.6M
YoY Change 40.03%
Common Stock $117.0K $116.0K
YoY Change 0.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $375.7M $175.7M
YoY Change 113.85%
Treasury Stock Shares 35.73M shares 31.88M shares
Shareholders Equity $1.174B $1.035B
YoY Change
Total Liabilities & Shareholders Equity $3.475B $2.842B
YoY Change 22.27% 63.34%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $78.62M $59.65M
YoY Change 31.81% 47.23%
Depreciation, Depletion And Amortization $16.40M $12.10M
YoY Change 35.54% 55.13%
Cash From Operating Activities $125.3M $69.90M
YoY Change 79.26% 2.79%
INVESTING ACTIVITIES
Capital Expenditures $5.240M $5.203M
YoY Change 0.71% 108.79%
Acquisitions
YoY Change
Other Investing Activities -$220.0M -$154.3M
YoY Change 42.58% 631.28%
Cash From Investing Activities -$225.2M -$159.6M
YoY Change 41.1% 576.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 143.5M 126.3M
YoY Change 13.62% -2483.02%
NET CHANGE
Cash From Operating Activities 125.3M 69.90M
Cash From Investing Activities -225.2M -159.6M
Cash From Financing Activities 143.5M 126.3M
Net Change In Cash 43.60M 36.60M
YoY Change 19.13% -6.39%
FREE CASH FLOW
Cash From Operating Activities $125.3M $69.90M
Capital Expenditures $5.240M $5.203M
Free Cash Flow $120.1M $64.70M
YoY Change 85.57% -1.24%

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<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <b>Reclassifications</b></p> <p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Certain prior period amounts have been reclassified to conform to the current period presentation, which were not material for separate financial statement presentation in the prior year.</p> </div>
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