2013 Q2 Form 10-Q Financial Statement

#000102919913000055 Filed on August 02, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $341.5M $302.4M
YoY Change 12.95% 8.07%
Cost Of Revenue $214.3M $192.6M
YoY Change 11.27% 9.8%
Gross Profit $127.2M $109.8M
YoY Change 15.9% 5.15%
Gross Profit Margin 37.26% 36.31%
Selling, General & Admin $31.46M $29.03M
YoY Change 8.37% 7.22%
% of Gross Profit 24.72% 26.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.20M $16.10M
YoY Change 0.62% 8.78%
% of Gross Profit 12.73% 14.66%
Operating Expenses $31.46M $29.03M
YoY Change 8.37% 7.22%
Operating Profit $27.80M $19.85M
YoY Change 40.02% 5.61%
Interest Expense $2.575M $5.579M
YoY Change -53.84% 7.89%
% of Operating Profit 9.26% 28.1%
Other Income/Expense, Net -$974.0K -$8.941M
YoY Change -89.11% -2902.82%
Pretax Income $26.83M $10.91M
YoY Change 145.82% -42.92%
Income Tax $8.661M $5.187M
% Of Pretax Income 32.29% 47.53%
Net Earnings $18.11M $5.747M
YoY Change 215.14% -51.66%
Net Earnings / Revenue 5.3% 1.9%
Basic Earnings Per Share $0.36 $0.11
Diluted Earnings Per Share $0.35 $0.11
COMMON SHARES
Basic Shares Outstanding 49.89M shares 50.77M shares
Diluted Shares Outstanding 51.52M shares 51.67M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $189.9M $178.6M
YoY Change 6.33% -20.8%
Cash & Equivalents $189.9M $184.7M
Short-Term Investments
Other Short-Term Assets $137.3M $142.9M
YoY Change -3.92% -10.8%
Inventory $83.68M $75.85M
Prepaid Expenses
Receivables $325.5M $286.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $736.3M $684.1M
YoY Change 7.64% -6.73%
LONG-TERM ASSETS
Property, Plant & Equipment $107.3M $108.0M
YoY Change -0.65% 11.88%
Goodwill $494.9M $485.5M
YoY Change 1.94% 3.12%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $53.70M $58.50M
YoY Change -8.21% 11.51%
Total Long-Term Assets $755.9M $741.6M
YoY Change 1.92% 4.35%
TOTAL ASSETS
Total Short-Term Assets $736.3M $684.1M
Total Long-Term Assets $755.9M $741.6M
Total Assets $1.492B $1.426B
YoY Change 4.67% -1.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $380.7M $318.3M
YoY Change 19.6% 9.08%
Accrued Expenses $203.5M $175.6M
YoY Change 15.89% -17.67%
Deferred Revenue
YoY Change
Short-Term Debt $1.026M $992.0K
YoY Change 3.43% 28.17%
Long-Term Debt Due $8.526M $175.6M
YoY Change -95.14% 6465.86%
Total Short-Term Liabilities $634.0M $702.5M
YoY Change -9.74% 31.23%
LONG-TERM LIABILITIES
Long-Term Debt $280.7M $140.8M
YoY Change 99.44% -51.28%
Other Long-Term Liabilities $14.77M $12.43M
YoY Change 18.81% 42.78%
Total Long-Term Liabilities $295.5M $153.2M
YoY Change 92.9% -48.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $634.0M $702.5M
Total Long-Term Liabilities $295.5M $153.2M
Total Liabilities $954.5M $883.0M
YoY Change 8.1% 3.03%
SHAREHOLDERS EQUITY
Retained Earnings -$153.9M -$185.6M
YoY Change -17.09% -12.58%
Common Stock $794.9M $775.9M
YoY Change 2.46% 1.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $68.14M $22.76M
YoY Change 199.35% 308.4%
Treasury Stock Shares 3.680M shares 1.590M shares
Shareholders Equity $534.8M $538.2M
YoY Change
Total Liabilities & Shareholders Equity $1.492B $1.426B
YoY Change 4.67% -1.28%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $18.11M $5.747M
YoY Change 215.14% -51.66%
Depreciation, Depletion And Amortization $16.20M $16.10M
YoY Change 0.62% 8.78%
Cash From Operating Activities $35.50M $38.20M
YoY Change -7.07% 73.64%
INVESTING ACTIVITIES
Capital Expenditures -$12.40M -$17.80M
YoY Change -30.34% 53.45%
Acquisitions
YoY Change
Other Investing Activities $1.200M -$1.000M
YoY Change -220.0% -66.67%
Cash From Investing Activities -$11.20M -$18.80M
YoY Change -40.43% 28.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.200M -16.80M
YoY Change -142.86% 162.5%
NET CHANGE
Cash From Operating Activities 35.50M 38.20M
Cash From Investing Activities -11.20M -18.80M
Cash From Financing Activities 7.200M -16.80M
Net Change In Cash 31.50M 2.600M
YoY Change 1111.54% 160.0%
FREE CASH FLOW
Cash From Operating Activities $35.50M $38.20M
Capital Expenditures -$12.40M -$17.80M
Free Cash Flow $47.90M $56.00M
YoY Change -14.46% 66.67%

Facts In Submission

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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
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ProfitLoss
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ProfitLoss
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ProfitLoss
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ProfitLoss
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us-gaap Repayments Of Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
2000000 USD
us-gaap Repayments Of Other Long Term Debt
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CY2013Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2012Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2012Q2 us-gaap Sales Revenue Net
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us-gaap Sales Revenue Net
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us-gaap Sales Revenue Net
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677187000 USD
us-gaap Selling General And Administrative Expense
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CY2013Q2 us-gaap Selling General And Administrative Expense
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31457000 USD
CY2012Q2 us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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us-gaap Share Based Compensation
ShareBasedCompensation
6152000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6625000 USD
CY2013Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
1026000 USD
CY2012Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
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CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
534794000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
526540000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
3680354 shares
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3653958 shares
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2200000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
2000000 USD
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
906496 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1628000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
839199 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50643949 shares
eeft Accretion Of Convertible Debentures Discount And Amortization Of Debt Issuance Costs
AccretionOfConvertibleDebenturesDiscountAndAmortizationOfDebtIssuanceCosts
4656000 USD
eeft Accretion Of Convertible Debentures Discount And Amortization Of Debt Issuance Costs
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500000 USD
CY2013Q2 eeft Accrued Expenses And Other Current Liabilities
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CY2012Q4 eeft Accrued Expenses And Other Current Liabilities
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CY2012Q4 eeft Accumulatedamortizationofotherassets
Accumulatedamortizationofotherassets
24247000 USD
CY2013Q2 eeft Accumulatedamortizationofotherassets
Accumulatedamortizationofotherassets
23127000 USD
CY2012Q2 eeft Adjusted Effective Income Tax Rate
AdjustedEffectiveIncomeTaxRate
0.336
eeft Adjusted Effective Income Tax Rate
AdjustedEffectiveIncomeTaxRate
0.271
CY2013Q2 eeft Adjusted Effective Income Tax Rate
AdjustedEffectiveIncomeTaxRate
0.338
eeft Adjusted Effective Income Tax Rate
AdjustedEffectiveIncomeTaxRate
0.381
eeft Computer Security Breach Expenses
ComputerSecurityBreachExpenses
500000 USD
CY2012 eeft Computer Security Breach Expenses
ComputerSecurityBreachExpenses
500000 USD
CY2013Q2 eeft Debt Noncurrent
DebtNoncurrent
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eeft Finite Lived Intangible Assets Acquired During Period
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eeft Finite Lived Intangible Assets Other Changes
FiniteLivedIntangibleAssetsOtherChanges
5697000 USD
CY2013Q2 eeft Other Debt Current
OtherDebtCurrent
1026000 USD
CY2011 eeft Percent Of European Business Impacted By Computer Security Breach
PercentOfEuropeanBusinessImpactedByComputerSecurityBreach
0.05
CY2013Q2 eeft Restricted Reserve
RestrictedReserve
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CY2012Q4 eeft Restricted Reserve
RestrictedReserve
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eeft Total Intangible Assets Acquired During Period
TotalIntangibleAssetsAcquiredDuringPeriod
58591000 USD
eeft Total Intangible Assets Amortization Expense
TotalIntangibleAssetsAmortizationExpense
11854000 USD
CY2012Q4 eeft Total Intangible Assets Net Including Goodwill
TotalIntangibleAssetsNetIncludingGoodwill
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CY2013Q2 eeft Total Intangible Assets Net Including Goodwill
TotalIntangibleAssetsNetIncludingGoodwill
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eeft Total Intangible Assets Other Changes
TotalIntangibleAssetsOtherChanges
17026000 USD
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
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001029199
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
50053033 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
EURONET WORLDWIDE INC

Files In Submission

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0001029199-13-000055.txt Edgar Link pending
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