2012 Q2 Form 10-Q Financial Statement

#000102919912000019 Filed on August 06, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $302.4M $279.8M
YoY Change 8.07% 14.57%
Cost Of Revenue $192.6M $175.4M
YoY Change 9.8% 9.05%
Gross Profit $109.8M $104.4M
YoY Change 5.15% 25.2%
Gross Profit Margin 36.31% 37.32%
Selling, General & Admin $29.03M $27.07M
YoY Change 7.22% 23.9%
% of Gross Profit 26.44% 25.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.10M $14.80M
YoY Change 8.78% 8.03%
% of Gross Profit 14.66% 14.17%
Operating Expenses $29.03M $27.07M
YoY Change 7.22% 23.9%
Operating Profit $19.85M $18.80M
YoY Change 5.61% 13.65%
Interest Expense $5.579M $5.171M
YoY Change 7.89% 2.78%
% of Operating Profit 28.1% 27.51%
Other Income/Expense, Net -$8.941M $319.0K
YoY Change -2902.82% -102.39%
Pretax Income $10.91M $19.12M
YoY Change -42.92% 499.53%
Income Tax $5.187M $6.825M
% Of Pretax Income 47.53% 35.7%
Net Earnings $5.747M $11.89M
YoY Change -51.66% -901.69%
Net Earnings / Revenue 1.9% 4.25%
Basic Earnings Per Share $0.11 $0.23
Diluted Earnings Per Share $0.11 $0.23
COMMON SHARES
Basic Shares Outstanding 50.77M shares 51.22M shares
Diluted Shares Outstanding 51.67M shares 51.96M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $178.6M $225.5M
YoY Change -20.8% 11.3%
Cash & Equivalents $184.7M $225.5M
Short-Term Investments
Other Short-Term Assets $142.9M $160.2M
YoY Change -10.8% 54.19%
Inventory $75.85M $67.19M
Prepaid Expenses
Receivables $286.7M $280.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $684.1M $733.4M
YoY Change -6.73% 22.13%
LONG-TERM ASSETS
Property, Plant & Equipment $108.0M $96.56M
YoY Change 11.88% 17.9%
Goodwill $485.5M $470.8M
YoY Change 3.12%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $58.50M $52.46M
YoY Change 11.51%
Total Long-Term Assets $741.6M $710.7M
YoY Change 4.35% 5.91%
TOTAL ASSETS
Total Short-Term Assets $684.1M $733.4M
Total Long-Term Assets $741.6M $710.7M
Total Assets $1.426B $1.444B
YoY Change -1.28% 13.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $318.3M $291.8M
YoY Change 9.08% 40.29%
Accrued Expenses $175.6M $213.3M
YoY Change -17.67% 0.28%
Deferred Revenue
YoY Change
Short-Term Debt $992.0K $774.0K
YoY Change 28.17%
Long-Term Debt Due $175.6M $2.674M
YoY Change 6465.86% -37.81%
Total Short-Term Liabilities $702.5M $535.3M
YoY Change 31.23% 18.63%
LONG-TERM LIABILITIES
Long-Term Debt $140.8M $288.9M
YoY Change -51.28% 1.43%
Other Long-Term Liabilities $12.43M $8.705M
YoY Change 42.78% 29.93%
Total Long-Term Liabilities $153.2M $297.6M
YoY Change -48.52% 2.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $702.5M $535.3M
Total Long-Term Liabilities $153.2M $297.6M
Total Liabilities $883.0M $857.0M
YoY Change 3.03% 11.55%
SHAREHOLDERS EQUITY
Retained Earnings -$185.6M -$212.3M
YoY Change -12.58%
Common Stock $775.9M $760.7M
YoY Change 1.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.76M $5.574M
YoY Change 308.4%
Treasury Stock Shares 1.590M shares 500.7K shares
Shareholders Equity $538.2M $579.4M
YoY Change
Total Liabilities & Shareholders Equity $1.426B $1.444B
YoY Change -1.28% 13.57%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $5.747M $11.89M
YoY Change -51.66% -901.69%
Depreciation, Depletion And Amortization $16.10M $14.80M
YoY Change 8.78% 8.03%
Cash From Operating Activities $38.20M $22.00M
YoY Change 73.64% -37.5%
INVESTING ACTIVITIES
Capital Expenditures -$17.80M -$11.60M
YoY Change 53.45% 20.83%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$3.000M
YoY Change -66.67% -350.0%
Cash From Investing Activities -$18.80M -$14.60M
YoY Change 28.77% 71.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.80M -6.400M
YoY Change 162.5% 156.0%
NET CHANGE
Cash From Operating Activities 38.20M 22.00M
Cash From Investing Activities -18.80M -14.60M
Cash From Financing Activities -16.80M -6.400M
Net Change In Cash 2.600M 1.000M
YoY Change 160.0% -95.87%
FREE CASH FLOW
Cash From Operating Activities $38.20M $22.00M
Capital Expenditures -$17.80M -$11.60M
Free Cash Flow $56.00M $33.60M
YoY Change 66.67% -25.0%

Facts In Submission

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CY2011Q4 us-gaap Treasury Stock Shares
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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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CY2012Q2 eeft Accrued Expenses And Other Current Liabilities
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CY2011Q4 eeft Accrued Expenses And Other Current Liabilities
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CY2011Q4 eeft Accumulated Amortization On Other Assets
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CY2012Q2 eeft Accumulated Amortization On Other Assets
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CY2011Q2 eeft Adjusted Effective Income Tax Rate
AdjustedEffectiveIncomeTaxRate
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CY2012Q2 eeft Adjusted Effective Income Tax Rate
AdjustedEffectiveIncomeTaxRate
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eeft Adjusted Effective Income Tax Rate
AdjustedEffectiveIncomeTaxRate
0.445
eeft Adjusted Effective Income Tax Rate
AdjustedEffectiveIncomeTaxRate
0.381
eeft Computer Security Breach Expenses
ComputerSecurityBreachExpenses
500000 USD
CY2012Q2 eeft Debt Noncurrent
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143833000 USD
eeft Expected Intangible Amortization Current Year
ExpectedIntangibleAmortizationCurrentYear
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eeft Finite Lived Intangible Assets Acquired During Period
FiniteLivedIntangibleAssetsAcquiredDuringPeriod
2735000 USD
eeft Finite Lived Intangible Assets Other Changes
FiniteLivedIntangibleAssetsOtherChanges
1529000 USD
CY2012Q2 eeft Other Debt Current
OtherDebtCurrent
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eeft Payment Of Acquisition Contingent Consideration
PaymentOfAcquisitionContingentConsideration
5455000 USD
eeft Payment Of Acquisition Contingent Consideration
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0 USD
eeft Total Intangible Assets Acquired During Period
TotalIntangibleAssetsAcquiredDuringPeriod
8604000 USD
CY2011Q4 eeft Percent Of European Business Impacted By Computer Security Breach
PercentOfEuropeanBusinessImpactedByComputerSecurityBreach
0.05
CY2009 eeft Percent Of Revenue From Money Transfers Between Dr And Us
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CY2011Q4 eeft Restricted Reserve
RestrictedReserve
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eeft Total Intangible Assets Amortization Expense
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CY2012Q2 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
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001029199
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
50830210 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
EURONET WORLDWIDE INC

Files In Submission

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