2012 Q1 Form 10-Q Financial Statement

#000102919912000011 Filed on May 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q1
Revenue $297.6M $262.6M
YoY Change 13.34% 5.04%
Cost Of Revenue $194.0M $170.9M
YoY Change 13.53% 3.03%
Gross Profit $103.6M $91.71M
YoY Change 12.99% 8.99%
Gross Profit Margin 34.82% 34.92%
Selling, General & Admin $27.64M $23.21M
YoY Change 19.07% 20.95%
% of Gross Profit 26.67% 25.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.88M $14.94M
YoY Change 6.24% 4.05%
% of Gross Profit 15.32% 16.3%
Operating Expenses $27.64M $23.21M
YoY Change 19.07% 20.95%
Operating Profit $15.84M $17.22M
YoY Change -7.99% -5.55%
Interest Expense $5.480M $5.335M
YoY Change 2.72% 7.69%
% of Operating Profit 34.59% 30.99%
Other Income/Expense, Net $2.623M $6.539M
YoY Change -59.89% -173.25%
Pretax Income $18.47M $23.76M
YoY Change -22.27% 155.44%
Income Tax $5.367M $6.125M
% Of Pretax Income 29.07% 25.78%
Net Earnings $13.17M $17.28M
YoY Change -23.79% 511.61%
Net Earnings / Revenue 4.43% 6.58%
Basic Earnings Per Share $0.26 $0.34
Diluted Earnings Per Share $0.26 $0.33
COMMON SHARES
Basic Shares Outstanding 50.52M shares 51.07M shares
Diluted Shares Outstanding 51.36M shares 51.95M shares

Balance Sheet

Concept 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $180.7M $220.7M
YoY Change -18.12% 19.1%
Cash & Equivalents $180.7M $220.7M
Short-Term Investments
Other Short-Term Assets $157.9M $129.5M
YoY Change 21.93% 13.0%
Inventory $80.25M $78.89M
Prepaid Expenses
Receivables $296.3M $259.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $715.1M $688.4M
YoY Change 3.88% 12.45%
LONG-TERM ASSETS
Property, Plant & Equipment $108.2M $92.93M
YoY Change 16.4% 1.34%
Goodwill $504.8M $461.9M
YoY Change 9.3%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $62.28M $50.48M
YoY Change 23.38%
Total Long-Term Assets $773.6M $697.3M
YoY Change 10.95% -3.21%
TOTAL ASSETS
Total Short-Term Assets $715.1M $688.4M
Total Long-Term Assets $773.6M $697.3M
Total Assets $1.489B $1.386B
YoY Change 7.43% 3.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $321.5M $256.3M
YoY Change 25.44% 17.84%
Accrued Expenses $191.7M $221.7M
YoY Change -13.53% 2.73%
Deferred Revenue
YoY Change
Short-Term Debt $1.001M $0.00
YoY Change
Long-Term Debt Due $173.1M $2.511M
YoY Change 6793.91% -44.2%
Total Short-Term Liabilities $724.7M $506.9M
YoY Change 42.97% 8.59%
LONG-TERM LIABILITIES
Long-Term Debt $158.2M $287.5M
YoY Change -44.95% 1.01%
Other Long-Term Liabilities $12.79M $8.596M
YoY Change 48.8% -0.05%
Total Long-Term Liabilities $171.0M $296.1M
YoY Change -42.23% 0.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $724.7M $506.9M
Total Long-Term Liabilities $171.0M $296.1M
Total Liabilities $925.4M $827.4M
YoY Change 11.85% 4.79%
SHAREHOLDERS EQUITY
Retained Earnings -$191.4M -$224.2M
YoY Change -14.65%
Common Stock $772.8M $756.6M
YoY Change 2.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.61M $5.336M
YoY Change 323.78%
Treasury Stock Shares 1.583M shares 486.5K shares
Shareholders Equity $556.8M $551.1M
YoY Change
Total Liabilities & Shareholders Equity $1.489B $1.386B
YoY Change 7.43% 3.98%

Cashflow Statement

Concept 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $13.17M $17.28M
YoY Change -23.79% 511.61%
Depreciation, Depletion And Amortization $15.88M $14.94M
YoY Change 6.24% 4.05%
Cash From Operating Activities $22.78M $33.91M
YoY Change -32.83% -35.75%
INVESTING ACTIVITIES
Capital Expenditures $9.511M $6.712M
YoY Change 41.7% 23.29%
Acquisitions $2.655M $0.00
YoY Change
Other Investing Activities -$425.0K -$286.0K
YoY Change 48.6% 167.29%
Cash From Investing Activities -$13.61M -$6.728M
YoY Change 102.21% 9.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$3.181M $799.0K
YoY Change -498.12% -102.01%
NET CHANGE
Cash From Operating Activities $22.78M $33.91M
Cash From Investing Activities -$13.61M -$6.728M
Cash From Financing Activities -$3.181M $799.0K
Net Change In Cash $5.991M $27.98M
YoY Change -78.59% 307.68%
FREE CASH FLOW
Cash From Operating Activities $22.78M $33.91M
Capital Expenditures $9.511M $6.712M
Free Cash Flow $13.27M $27.20M
YoY Change -51.22% -42.54%

Facts In Submission

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OperatingIncomeLoss
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CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2012Q1 us-gaap Other Assets Noncurrent
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18609000 USD
CY2011Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
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18366000 USD
CY2012Q1 us-gaap Other Liabilities Noncurrent
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CY2011Q4 us-gaap Other Liabilities Noncurrent
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13152000 USD
CY2012Q1 us-gaap Other Nonoperating Income Expense
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4325000 USD
CY2011Q1 us-gaap Other Nonoperating Income Expense
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CY2011Q1 us-gaap Payments For Proceeds From Other Investing Activities
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-286000 USD
CY2012Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2011Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2012Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
350000 USD
CY2011Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2012Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2655000 USD
CY2012Q1 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
1864000 USD
CY2011Q1 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
302000 USD
CY2011Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6712000 USD
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9511000 USD
CY2012Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.02
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2012Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
67145000 USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
61640000 USD
CY2011Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
1715000 USD
CY2012Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
690000 USD
CY2011Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
14000000 USD
CY2012Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
37103000 USD
CY2011Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
478000 USD
CY2012Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
146000 USD
CY2011Q1 us-gaap Profit Loss
ProfitLoss
17631000 USD
CY2012Q1 us-gaap Profit Loss
ProfitLoss
13098000 USD
CY2012Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
108170000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
102900000 USD
CY2011Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
14000000 USD
CY2012Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
39007000 USD
CY2012Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
763000 USD
CY2011Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
894000 USD
CY2012Q1 us-gaap Repayments Of Other Long Term Debt
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1000000 USD
CY2011Q1 us-gaap Repayments Of Other Long Term Debt
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500000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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73305000 USD
CY2012Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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90760000 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-191378000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
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-204550000 USD
CY2011Q1 us-gaap Sales Revenue Net
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262593000 USD
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
297622000 USD
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
27640000 USD
CY2011Q1 us-gaap Selling General And Administrative Expense
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23213000 USD
CY2012Q1 us-gaap Settlement Liabilities Current
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50300000 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3672000 USD
CY2011Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2011Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
981000 USD
CY2012Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
1001000 USD
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
556819000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
520435000 USD
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
563248000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
526745000 USD
CY2012Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1582559 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1543441 shares
CY2012Q1 us-gaap Treasury Stock Value
TreasuryStockValue
22613000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
21869000 USD
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
834497 shares
CY2011Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
879288 shares
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51947914 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51357390 shares
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51068626 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50522893 shares
CY2011Q1 eeft Accretion Of Convertible Debentures Discount And Amortization Of Debt Issuance Costs
AccretionOfConvertibleDebenturesDiscountAndAmortizationOfDebtIssuanceCosts
2317000 USD
CY2012Q1 eeft Accretion Of Convertible Debentures Discount And Amortization Of Debt Issuance Costs
AccretionOfConvertibleDebenturesDiscountAndAmortizationOfDebtIssuanceCosts
2272000 USD
CY2012Q1 eeft Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
191741000 USD
CY2011Q4 eeft Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
216794000 USD
CY2011Q4 eeft Accumulated Amortization On Other Assets
AccumulatedAmortizationOnOtherAssets
19529000 USD
CY2012Q1 eeft Accumulated Amortization On Other Assets
AccumulatedAmortizationOnOtherAssets
20771000 USD
CY2012Q1 eeft Adjusted Effective Income Tax Rate
AdjustedEffectiveIncomeTaxRate
0.440
CY2011Q1 eeft Adjusted Effective Income Tax Rate
AdjustedEffectiveIncomeTaxRate
0.448
CY2012Q1 eeft Computer Security Breach Expenses
ComputerSecurityBreachExpenses
300000 USD
CY2012Q1 eeft Debt Noncurrent
DebtNoncurrent
162077000 USD
CY2012 eeft Expected Intangible Amortization Current Year
ExpectedIntangibleAmortizationCurrentYear
22700000 USD
CY2012Q1 eeft Finite Lived Intangible Assets Acquired During Period
FiniteLivedIntangibleAssetsAcquiredDuringPeriod
2735000 USD
CY2012Q1 eeft Finite Lived Intangible Assets Other Changes
FiniteLivedIntangibleAssetsOtherChanges
1561000 USD
CY2012Q1 eeft Other Debt Current
OtherDebtCurrent
1001000 USD
CY2009 eeft Percent Of Revenue From Money Transfers Between Dr And Us
PercentOfRevenueFromMoneyTransfersBetweenDRAndUS
0.003
CY2011Q4 eeft Restricted Reserve
RestrictedReserve
1001000 USD
CY2012Q1 eeft Restricted Reserve
RestrictedReserve
1000000 USD
CY2012Q1 eeft Total Intangible Assets Acquired During Period
TotalIntangibleAssetsAcquiredDuringPeriod
8604000 USD
CY2012Q1 eeft Total Intangible Assets Amortization Expense
TotalIntangibleAssetsAmortizationExpense
-5872000 USD
CY2012Q1 eeft Total Intangible Assets Net Including Goodwill
TotalIntangibleAssetsNetIncludingGoodwill
603125000 USD
CY2011Q4 eeft Total Intangible Assets Net Including Goodwill
TotalIntangibleAssetsNetIncludingGoodwill
588506000 USD
CY2012Q1 eeft Total Intangible Assets Other Changes
TotalIntangibleAssetsOtherChanges
11887000 USD
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001029199
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
50746847 shares
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
EURONET WORLDWIDE INC

Files In Submission

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0001029199-12-000011-index-headers.html Edgar Link pending
0001029199-12-000011-index.html Edgar Link pending
0001029199-12-000011.txt Edgar Link pending
0001029199-12-000011-xbrl.zip Edgar Link pending
eeft-20120331.xml Edgar Link completed
eeft-20120331.xsd Edgar Link pending
eeft-20120331_cal.xml Edgar Link unprocessable
eeft-20120331_def.xml Edgar Link unprocessable
eeft-20120331_lab.xml Edgar Link unprocessable
eeft-20120331_pre.xml Edgar Link unprocessable
eeft331201210q.htm Edgar Link pending
eeft3312012ex121.htm Edgar Link pending
eeft3312012ex311.htm Edgar Link pending
eeft3312012ex312.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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