2011 Q2 Form 10-Q Financial Statement

#000102919911000010 Filed on August 04, 2011

View on sec.gov

Income Statement

Concept 2011 Q2 2010 Q2
Revenue $279.8M $244.2M
YoY Change 14.57% -1.76%
Cost Of Revenue $175.4M $160.8M
YoY Change 9.05% -2.58%
Gross Profit $104.4M $83.39M
YoY Change 25.2% -0.25%
Gross Profit Margin 37.32% 34.15%
Selling, General & Admin $27.07M $21.85M
YoY Change 23.9% -57.98%
% of Gross Profit 25.93% 26.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.80M $13.70M
YoY Change 8.03% 1.48%
% of Gross Profit 14.17% 16.43%
Operating Expenses $27.07M $21.85M
YoY Change 23.9% -66.59%
Operating Profit $18.80M $16.54M
YoY Change 13.65% -9.11%
Interest Expense $5.171M $5.031M
YoY Change 2.78% 14.34%
% of Operating Profit 27.51% 30.41%
Other Income/Expense, Net $319.0K -$13.35M
YoY Change -102.39%
Pretax Income $19.12M $3.189M
YoY Change 499.53% -85.7%
Income Tax $6.825M -$4.344M
% Of Pretax Income 35.7% -136.22%
Net Earnings $11.89M -$1.483M
YoY Change -901.69% -109.57%
Net Earnings / Revenue 4.25% -0.61%
Basic Earnings Per Share $0.23 -$30.00
Diluted Earnings Per Share $0.23 -$30.00
COMMON SHARES
Basic Shares Outstanding 51.22M shares 50.91M shares
Diluted Shares Outstanding 51.96M shares 50.91M shares

Balance Sheet

Concept 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $225.5M $202.6M
YoY Change 11.3% 26.23%
Cash & Equivalents $225.5M $202.6M
Short-Term Investments
Other Short-Term Assets $160.2M $103.9M
YoY Change 54.19% -36.26%
Inventory $67.19M $68.00M
Prepaid Expenses
Receivables $280.4M $226.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $733.4M $600.5M
YoY Change 22.13% -3.22%
LONG-TERM ASSETS
Property, Plant & Equipment $96.56M $81.90M
YoY Change 17.9% -13.52%
Goodwill $470.8M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $52.46M
YoY Change
Total Long-Term Assets $710.7M $671.1M
YoY Change 5.91% -14.86%
TOTAL ASSETS
Total Short-Term Assets $733.4M $600.5M
Total Long-Term Assets $710.7M $671.1M
Total Assets $1.444B $1.272B
YoY Change 13.57% -9.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $291.8M $208.0M
YoY Change 40.29% -4.72%
Accrued Expenses $213.3M $212.7M
YoY Change 0.28% -3.93%
Deferred Revenue
YoY Change
Short-Term Debt $774.0K $0.00
YoY Change
Long-Term Debt Due $2.674M $4.300M
YoY Change -37.81% -91.21%
Total Short-Term Liabilities $535.3M $451.2M
YoY Change 18.63% -15.06%
LONG-TERM LIABILITIES
Long-Term Debt $288.9M $284.8M
YoY Change 1.43% -1.18%
Other Long-Term Liabilities $8.705M $6.700M
YoY Change 29.93% -20.24%
Total Long-Term Liabilities $297.6M $291.5M
YoY Change 2.09% -1.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $535.3M $451.2M
Total Long-Term Liabilities $297.6M $291.5M
Total Liabilities $857.0M $768.3M
YoY Change 11.55% -13.88%
SHAREHOLDERS EQUITY
Retained Earnings -$212.3M
YoY Change
Common Stock $760.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.574M
YoY Change
Treasury Stock Shares 500.7K shares
Shareholders Equity $579.4M $503.4M
YoY Change
Total Liabilities & Shareholders Equity $1.444B $1.272B
YoY Change 13.57% -9.73%

Cashflow Statement

Concept 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income $11.89M -$1.483M
YoY Change -901.69% -109.57%
Depreciation, Depletion And Amortization $14.80M $13.70M
YoY Change 8.03% 1.48%
Cash From Operating Activities $22.00M $35.20M
YoY Change -37.5% 0.86%
INVESTING ACTIVITIES
Capital Expenditures -$11.60M -$9.600M
YoY Change 20.83% -16.52%
Acquisitions
YoY Change
Other Investing Activities -$3.000M $1.200M
YoY Change -350.0% -118.75%
Cash From Investing Activities -$14.60M -$8.500M
YoY Change 71.76% -52.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.400M -2.500M
YoY Change 156.0% -88.48%
NET CHANGE
Cash From Operating Activities 22.00M 35.20M
Cash From Investing Activities -14.60M -8.500M
Cash From Financing Activities -6.400M -2.500M
Net Change In Cash 1.000M 24.20M
YoY Change -95.87% -626.09%
FREE CASH FLOW
Cash From Operating Activities $22.00M $35.20M
Capital Expenditures -$11.60M -$9.600M
Free Cash Flow $33.60M $44.80M
YoY Change -25.0% -3.45%

Facts In Submission

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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent accounting pronouncements</font></div><div style="line-height:120%;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2011, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2011-05, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Comprehensive Income (Topic 220): Presentation of Comprehensive Income</font><font style="font-family:inherit;font-size:10pt;">. Under ASU 2011-05, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">either in a single continuous statement of comprehensive income or in two separate but consecutive statements. ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders&#8217; equity. Finally, ASU 2011-05 requires an entity to present reclassification adjustments on the face of the financial statements from other comprehensive income to net income. The requirements apply to both annual and interim financial statements and should be applied retrospectively. ASU 2011-05 is effective for public entities for fiscal years beginning after December 15, 2011 with early adoption permitted. The adoption of ASU 2011-05 is not expected to materially affect the Company's financial statements.</font></div></div>
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eeft Adjusted Effective Income Tax Rate
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CY2010Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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eeft Accretion Of Convertible Debentures Discount And Amortization Of Debt Issuance Costs
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eeft Accretion Of Convertible Debentures Discount And Amortization Of Debt Issuance Costs
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CY2010Q4 eeft Accrued Expenses And Other Current Liabilities
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CY2010Q2 eeft Adjusted Effective Income Tax Rate
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AdjustedEffectiveIncomeTaxRate
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CY2011Q2 eeft Debt Noncurrent
DebtNoncurrent
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CY2011 eeft Expected Intangible Amortization Current Year
ExpectedIntangibleAmortizationCurrentYear
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eeft Finite Lived Intangible Assets Acquired During Period
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eeft Finite Lived Intangible Assets Other Changes
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CY2011Q2 eeft Other Debt Current
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eeft Payment Of Acquisition Contingent Consideration
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eeft Payment Of Acquisition Contingent Consideration
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CY2009 eeft Percent Of Revenue From Money Transfers Between Dr And Us
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CY2010Q4 eeft Restricted Reserve
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CY2011Q2 eeft Restricted Reserve
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eeft Total Intangible Assets Acquired During Period
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CY2010Q4 eeft Total Intangible Assets Net Including Goodwill
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001029199
CY2011Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
51285615 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
EURONET WORLDWIDE INC

Files In Submission

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0001029199-11-000010-index.html Edgar Link pending
0001029199-11-000010.txt Edgar Link pending
0001029199-11-000010-xbrl.zip Edgar Link pending
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eeft-20110630.xsd Edgar Link pending
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eeft630201110q.htm Edgar Link pending
eeft6302011ex101euronetwor.htm Edgar Link pending
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