2013 Form 10-K Financial Statement

#000119312514080429 Filed on March 03, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $895.2M $202.6M $186.9M
YoY Change 26.52% 44.56% 39.28%
Cost Of Revenue $7.100M $17.60M $6.900M
YoY Change 51.06% 19.73% -48.12%
Gross Profit $888.1M $185.0M $180.0M
YoY Change 26.36% 47.41% 48.91%
Gross Profit Margin 99.21% 91.31% 96.31%
Selling, General & Admin $199.6M $76.70M $44.01M
YoY Change 27.52% 25.12% 50.65%
% of Gross Profit 22.48% 41.46% 24.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.89M $13.70M $12.10M
YoY Change 19.62% 59.3% 55.13%
% of Gross Profit 1.9% 7.41% 6.72%
Operating Expenses $199.6M $91.80M $44.01M
YoY Change 27.52% 28.93% 50.65%
Operating Profit $420.6M $93.17M $85.83M
YoY Change 29.45% 71.8% 39.06%
Interest Expense -$16.50M -$3.400M $3.246M
YoY Change -226.76% 0.0% 3.71%
% of Operating Profit -3.92% -3.65% 3.78%
Other Income/Expense, Net -$17.06M -$600.0K $3.000K
YoY Change 1422.12% -99.42%
Pretax Income $403.6M $89.20M $82.59M
YoY Change 29.85% 75.59% 39.72%
Income Tax $119.1M $29.10M $22.94M
% Of Pretax Income 29.5% 32.62% 27.78%
Net Earnings $284.5M $60.07M $59.65M
YoY Change 31.59% 59.04% 47.23%
Net Earnings / Revenue 31.78% 29.65% 31.91%
Basic Earnings Per Share $3.48 $0.72 $0.71
Diluted Earnings Per Share $3.36 $0.70 $0.69
COMMON SHARES
Basic Shares Outstanding 81.79M shares 83.38M shares 84.00M shares
Diluted Shares Outstanding 84.66M shares 85.75M shares 86.22M shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $338.0M $284.0M $300.0M
YoY Change 19.01% -0.35% 118.98%
Cash & Equivalents $338.0M $283.6M $300.1M
Short-Term Investments
Other Short-Term Assets $93.00M $88.00M $84.00M
YoY Change 5.68% 14.29% 5.0%
Inventory
Prepaid Expenses
Receivables $573.0M $525.4M $578.8M
Other Receivables $349.0M $298.0M $355.0M
Total Short-Term Assets $1.354B $1.195B $1.318B
YoY Change 13.31% 6.32% 67.47%
LONG-TERM ASSETS
Property, Plant & Equipment $54.00M $45.20M $46.54M
YoY Change 20.0% 38.11% 55.14%
Goodwill $926.6M $923.7M
YoY Change 21.8%
Intangibles $463.9M $465.8M
YoY Change 20.29%
Long-Term Investments
YoY Change
Other Assets $101.0M $90.85M $88.11M
YoY Change 10.99% 98.21% 95.8%
Total Long-Term Assets $2.578B $1.527B $1.524B
YoY Change 68.83% 24.62% 59.93%
TOTAL ASSETS
Total Short-Term Assets $1.354B $1.195B $1.318B
Total Long-Term Assets $2.578B $1.527B $1.524B
Total Assets $3.932B $2.722B $2.842B
YoY Change 44.45% 15.87% 63.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $467.0M $418.6M $533.1M
YoY Change 11.46% -12.59% 121.21%
Accrued Expenses $52.00M $75.81M $60.70M
YoY Change -31.58% 82.39% 109.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $298.0M $355.0M
YoY Change -100.0% 6.43% 136.67%
Long-Term Debt Due $662.0M $439.9M $583.6M
YoY Change 308.64% 3.3% 3790.93%
Total Short-Term Liabilities $1.909B $1.142B $1.355B
YoY Change 67.16% 1.39% 124.4%
LONG-TERM LIABILITIES
Long-Term Debt $475.0M $485.2M $278.9M
YoY Change -2.06% 74.27% -0.76%
Other Long-Term Liabilities $55.00M
YoY Change
Total Long-Term Liabilities $530.0M $665.8M $451.7M
YoY Change 9.28% 61.93% 60.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.909B $1.142B $1.355B
Total Long-Term Liabilities $530.0M $665.8M $451.7M
Total Liabilities $2.688B $1.808B $1.807B
YoY Change 48.67% 17.58% 84.77%
SHAREHOLDERS EQUITY
Retained Earnings $750.7M $690.6M
YoY Change 40.45%
Common Stock $116.0K $116.0K
YoY Change 1.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $375.7M $175.7M
YoY Change 113.85%
Treasury Stock Shares 35.73B shares 31.88M shares
Shareholders Equity $1.244B $913.8M $1.035B
YoY Change
Total Liabilities & Shareholders Equity $3.932B $2.722B $2.842B
YoY Change 44.45% 15.87% 63.34%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $284.5M $60.07M $59.65M
YoY Change 31.59% 59.04% 47.23%
Depreciation, Depletion And Amortization $16.89M $13.70M $12.10M
YoY Change 19.62% 59.3% 55.13%
Cash From Operating Activities $375.7M $102.4M $69.90M
YoY Change 177.34% -51.03% 2.79%
INVESTING ACTIVITIES
Capital Expenditures $20.79M -$5.500M $5.203M
YoY Change 8.76% 7.84% 108.79%
Acquisitions $728.3M
YoY Change 282.44%
Other Investing Activities -$728.3M -$600.0K -$154.3M
YoY Change 282.51% -99.81% 631.28%
Cash From Investing Activities -$749.1M -$6.100M -$159.6M
YoY Change 257.48% -98.08% 576.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.44M $200.0M
YoY Change -82.39%
Debt Paid & Issued, Net $164.1M
YoY Change
Cash From Financing Activities 435.7M -114.2M 126.3M
YoY Change 602.92% -143.89% -2483.02%
NET CHANGE
Cash From Operating Activities 375.7M 102.4M 69.90M
Cash From Investing Activities -749.1M -6.100M -159.6M
Cash From Financing Activities 435.7M -114.2M 126.3M
Net Change In Cash 62.28M -17.90M 36.60M
YoY Change -614.3% -111.75% -6.39%
FREE CASH FLOW
Cash From Operating Activities $375.7M $102.4M $69.90M
Capital Expenditures $20.79M -$5.500M $5.203M
Free Cash Flow $354.9M $107.9M $64.70M
YoY Change 205.03% -49.63% -1.24%

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CY2011 flt Merchant Commissions
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51199000
CY2011 flt Processing Expenses
ProcessingExpenses
84516000
CY2012 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
400000
CY2013 dei Entity Registrant Name
EntityRegistrantName
FLEETCOR TECHNOLOGIES INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001175454
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
31000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
358000 shares
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.36
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84655000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
35.42
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
28.68
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.48
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M12D
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2950 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
30.93
CY2013 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
51.91
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
80.77
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0026 pure
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2862000 shares
CY2013 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3900000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0397 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
23.00
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
375685000
CY2013 us-gaap Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
One month Libor
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
21.13
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
307000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
92.16
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81793000 shares
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
116000 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7M6D
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1425000 shares
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>Reclassifications</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> Certain prior period amounts have been reclassified to conform to the current period presentation in the Consolidated Balance Sheets and Consolidated Statements of Cash Flows.</p> </div>
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0118 pure
CY2013 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0030 pure
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-44080000
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.&#xA0;&#xA0;</p> </div>
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.0297 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
165000 shares
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-44080000
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9800000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
15249000
CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-16461000
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
74000
CY2013 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
7300000
CY2013 us-gaap Payments To Acquire Receivables
PaymentsToAcquireReceivables
16400000
CY2013 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
848200000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1337000
CY2013 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1970000
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
240421000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
403569000
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
99308000
CY2013 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
28125000
CY2013 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
261516000
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
728343000
CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
11967000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
198536000
CY2013 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8552000
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-602000
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
164083000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
205033000
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-38906000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
32535000
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
420632000
CY2013 us-gaap Interest Paid
InterestPaid
25886000
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
100000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
403569000
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
45005000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
284501000
CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-5430000
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
895171000
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
89650000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20785000
CY2013 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
51000000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
11635000
CY2013 us-gaap Interest Expense Other
InterestExpenseOther
17063000
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
646556000
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-14380000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2062000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
186000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
142283000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
435725000
CY2013 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
400000
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
9300000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5453000
CY2013 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
35600000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
136807000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
26676000
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-20520000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
18867000
CY2013 us-gaap Selling Expense
SellingExpense
57346000
CY2013 us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
32500000
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
72737000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
54456000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7369000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
9800000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4744000
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30438000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
141249000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1287000
CY2013 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6000000
CY2013 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
15913000
CY2013 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
12800000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-749128000
CY2013 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
783663000
CY2013 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
80000
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
16715000
CY2013 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
3263000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
130000
CY2013 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3276000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
32535000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49313000
CY2013 us-gaap Depreciation
Depreciation
16885000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
20.43
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
126304000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
46026000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.59
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-6079000
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-16021000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
72909000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
12300000
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1063000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
119068000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-7826000
CY2013 flt Share Repurchase Offer Date
ShareRepurchaseOfferDate
2012-11-26
CY2013 flt Minimum Percentage Required To Recognized Uncertain Income Tax Position
MinimumPercentageRequiredToRecognizedUncertainIncomeTaxPosition
0.50 pure
CY2013 flt Maximum Undivided Ownership Interest Pooled Accounts Receivable Amount Sold
MaximumUndividedOwnershipInterestPooledAccountsReceivableAmountSold
500000000
CY2013 flt Merchant Commissions
MerchantCommissions
68143000
CY2013 flt Maturity Of Cash And Cash Equivalent
MaturityOfCashAndCashEquivalent
P3M
CY2013 flt Business Acquisition Contingent Consideration Earnout Payment
BusinessAcquisitionContingentConsiderationEarnoutPayment
900000
CY2013 flt Payment Period To Customers
PaymentPeriodToCustomers
P14D
CY2013 flt Entity Wide Revenue Major Customer Remaining Agreement Term
EntityWideRevenueMajorCustomerRemainingAgreementTerm
two to seven years
CY2013 flt Processing Expenses
ProcessingExpenses
134030000
CY2013 flt Maximum Allocation Period
MaximumAllocationPeriod
P1Y
CY2013 flt Line Of Credit Facility Utilization Limit For Unused Facility Fee
LineOfCreditFacilityUtilizationLimitForUnusedFacilityFee
0.75 pure
CY2013 flt Percentage Increase In Revenue After Acquisition
PercentageIncreaseInRevenueAfterAcquisition
0.12 pure
CY2013 flt Percentage Increase In Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items And Tax After Acquisition
PercentageIncreaseInIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsAndTaxAfterAcquisition
0.03 pure
CY2013 flt Percentage Increase In Net Income Loss After Acquisition
PercentageIncreaseInNetIncomeLossAfterAcquisition
0.03 pure
CY2013 flt Percentage Increase In Earnings Per Share Basic After Acquisition
PercentageIncreaseInEarningsPerShareBasicAfterAcquisition
0.03 pure
CY2013 flt Percentage Increase In Earnings Per Share Diluted After Acquisition
PercentageIncreaseInEarningsPerShareDilutedAfterAcquisition
0.03 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
25000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
131000 shares
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.52
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85736000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
33.49
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y4M24D
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3040 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
22.05
CY2012 us-gaap Increase Decrease In Accounts Receivable
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71102000
CY2012 us-gaap Net Income Loss
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216199000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
36.94
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0076 pure
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2408000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0376 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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10.82
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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135460000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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9.38
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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1223000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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41.69
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
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83328000 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2925000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0124 pure
CY2012 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0035 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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74000 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
474000 shares
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
716000
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-13017000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6847000
CY2012 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
5700000
CY2012 us-gaap Payments To Acquire Receivables
PaymentsToAcquireReceivables
19700000
CY2012 us-gaap Business Combination Consideration Transferred1
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207400000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1870000
CY2012 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3776000
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
226569000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
310790000
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
38169000
CY2012 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
30414000
CY2012 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
480000000
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
190447000
CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
8840000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
124489000
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1121000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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