2014 Q4 Form 10-K Financial Statement

#000119312516485752 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $376.7M $295.3M $273.5M
YoY Change 47.43% 31.15% 23.83%
Cost Of Revenue $33.30M $25.00M $20.30M
YoY Change 87.08% 47.93% 3.57%
Gross Profit $343.4M $270.3M $253.2M
YoY Change 44.47% 29.83% 25.78%
Gross Profit Margin 91.16% 91.54% 92.58%
Selling, General & Admin $162.5M $58.90M $55.42M
YoY Change 51.16% 29.68% 24.98%
% of Gross Profit 47.32% 21.79% 21.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.70M $24.30M $23.10M
YoY Change 63.11% 48.17% 61.54%
% of Gross Profit 10.69% 8.99% 9.12%
Operating Expenses $170.7M $58.90M $55.42M
YoY Change 29.61% 29.68% 24.98%
Operating Profit $172.6M $144.2M $134.5M
YoY Change 62.77% 29.62% 23.3%
Interest Expense -$18.10M -$7.100M -$6.800M
YoY Change 229.09% -289.03% 78.95%
% of Operating Profit -10.49% -4.92% -5.06%
Other Income/Expense, Net $1.600M -$7.653M -$6.529M
YoY Change -420.0% -5005.77% -108916.67%
Pretax Income $140.3M $136.6M $128.0M
YoY Change 40.16% 26.84% 21.49%
Income Tax $30.80M $41.05M $39.41M
% Of Pretax Income 21.95% 30.06% 30.8%
Net Earnings $109.5M $95.51M $88.55M
YoY Change 60.8% 21.48% 21.14%
Net Earnings / Revenue 29.08% 32.34% 32.38%
Basic Earnings Per Share $1.25 $1.14 $1.07
Diluted Earnings Per Share $1.21 $1.11 $1.03
COMMON SHARES
Basic Shares Outstanding 87.88M shares 83.61M shares 83.00M shares
Diluted Shares Outstanding 90.24M shares 86.13M shares 85.82M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $477.0M $304.0M $298.0M
YoY Change 41.12% -12.14% 1.71%
Cash & Equivalents $477.1M $304.1M $297.6M
Short-Term Investments
Other Short-Term Assets $312.0M $92.00M $113.0M
YoY Change 235.48% 3.37% 36.14%
Inventory
Prepaid Expenses
Receivables $673.8M $715.7M $688.5M
Other Receivables $675.0M $393.0M $424.0M
Total Short-Term Assets $2.137B $1.505B $1.523B
YoY Change 57.91% 0.95% 8.34%
LONG-TERM ASSETS
Property, Plant & Equipment $73.56M $56.18M $56.50M
YoY Change 36.34% 15.14% 21.1%
Goodwill $3.713B $1.557B $1.573B
YoY Change 141.8% 25.37% 58.14%
Intangibles $2.386B $865.1M $848.6M
YoY Change 173.88% 34.35% 64.56%
Long-Term Investments $141.9M $147.5M $162.4M
YoY Change
Other Assets $72.43M $93.94M $89.86M
YoY Change -28.13% 88.35% 78.77%
Total Long-Term Assets $6.387B $2.720B $2.730B
YoY Change 147.69% 37.04% 69.87%
TOTAL ASSETS
Total Short-Term Assets $2.137B $1.505B $1.523B
Total Long-Term Assets $6.387B $2.720B $2.730B
Total Assets $8.525B $4.224B $4.253B
YoY Change 116.79% 21.56% 41.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $716.7M $612.7M $573.5M
YoY Change 53.4% 7.98% 8.58%
Accrued Expenses $178.4M $109.3M $124.0M
YoY Change 55.28% 58.22% 88.3%
Deferred Revenue
YoY Change
Short-Term Debt $675.0M $394.0M $424.0M
YoY Change 0.0% 5.47%
Long-Term Debt Due $1.425B $919.9M $1.021B
YoY Change 40.87% 40.47% 86.31%
Total Short-Term Liabilities $2.897B $1.929B $2.028B
YoY Change 51.74% 20.77% 55.93%
LONG-TERM LIABILITIES
Long-Term Debt $2.169B $435.0M $450.0M
YoY Change 356.69% -9.2% -7.41%
Other Long-Term Liabilities $40.63M $68.43M $53.67M
YoY Change -26.13%
Total Long-Term Liabilities $3.010B $736.9M $749.9M
YoY Change 286.11% 4.64% 13.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.897B $1.929B $2.028B
Total Long-Term Liabilities $3.010B $736.9M $749.9M
Total Liabilities $5.906B $2.666B $2.778B
YoY Change 119.69% 15.84% 41.5%
SHAREHOLDERS EQUITY
Retained Earnings $1.404B $1.294B $1.199B
YoY Change 35.62% 33.84% 34.94%
Common Stock $1.853B $120.0K $118.0K
YoY Change 1583286.32% 2.56% 0.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $346.4M $375.7M $375.7M
YoY Change -7.79% 0.0% 0.0%
Treasury Stock Shares 28.11M shares 35.73M shares 35.73M shares
Shareholders Equity $2.619B $1.559B $1.476B
YoY Change
Total Liabilities & Shareholders Equity $8.525B $4.224B $4.253B
YoY Change 116.79% 21.56% 41.16%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $109.5M $95.51M $88.55M
YoY Change 60.8% 21.48% 21.14%
Depreciation, Depletion And Amortization $36.70M $24.30M $23.10M
YoY Change 63.11% 48.17% 61.54%
Cash From Operating Activities $290.8M $159.8M $106.2M
YoY Change 73.4% 27.53% 10.17%
INVESTING ACTIVITIES
Capital Expenditures -$8.800M $6.727M $5.968M
YoY Change 60.0% 28.38% 11.63%
Acquisitions
YoY Change
Other Investing Activities -$2.305B -$72.00M -$170.6M
YoY Change 556.16% -67.27% 174.28%
Cash From Investing Activities -$2.314B -$78.80M -$176.5M
YoY Change 548.51% -65.01% 161.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.219B -58.00M 82.70M
YoY Change 1118.29% -140.42% 77.85%
NET CHANGE
Cash From Operating Activities 290.8M 159.8M 106.2M
Cash From Investing Activities -2.314B -78.80M -176.5M
Cash From Financing Activities 2.219B -58.00M 82.70M
Net Change In Cash 195.4M 23.00M 12.40M
YoY Change -2891.43% -47.25% -83.53%
FREE CASH FLOW
Cash From Operating Activities $290.8M $159.8M $106.2M
Capital Expenditures -$8.800M $6.727M $5.968M
Free Cash Flow $299.6M $153.1M $100.2M
YoY Change 72.98% 27.5% 10.08%

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CY2014 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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4492000
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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0001175454
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CY2015 dei Entity Filer Category
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CY2015 dei Entity Current Reporting Status
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CY2015 dei Entity Registrant Name
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FLEETCOR TECHNOLOGIES INC
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654000 shares
CY2015 dei Entity Voluntary Filers
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CY2015 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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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> 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.</p> </div>
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CY2015 us-gaap Depreciation
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CY2015 us-gaap Provision For Doubtful Accounts
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CY2015 us-gaap Goodwill Acquired During Period
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CY2015 flt Payment Of Contingent Consideration
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28100000
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451493000
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188460000

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