2014 Q1 Form 10-Q Financial Statement

#000138627814000041 Filed on May 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $159.3M $154.1M
YoY Change 3.32% 9.19%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $135.6M $130.8M
YoY Change 3.67% 13.25%
% of Gross Profit
Research & Development $22.08M $22.00M
YoY Change 0.36% 5.51%
% of Gross Profit
Depreciation & Amortization $7.664M $6.354M
YoY Change 20.62% 74.03%
% of Gross Profit
Operating Expenses $135.6M $130.8M
YoY Change 3.67% 13.21%
Operating Profit $23.66M $23.34M
YoY Change 1.38% -8.97%
Interest Expense $1.000M $800.0K
YoY Change 25.0% -11.11%
% of Operating Profit 4.23% 3.43%
Other Income/Expense, Net
YoY Change
Pretax Income $24.62M $24.14M
YoY Change 1.99% -9.15%
Income Tax $9.316M $8.555M
% Of Pretax Income 37.84% 35.44%
Net Earnings $15.31M $15.59M
YoY Change -1.8% -4.78%
Net Earnings / Revenue 9.61% 10.11%
Basic Earnings Per Share
Diluted Earnings Per Share $0.33 $0.35
COMMON SHARES
Basic Shares Outstanding 37.46M shares 35.05M shares
Diluted Shares Outstanding 38.77M shares 36.29M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $850.9M $473.9M
YoY Change 79.55% 150.21%
Cash & Equivalents $747.6M $370.2M
Short-Term Investments $103.2M $103.7M
Other Short-Term Assets $90.90M $76.00M
YoY Change 19.61% 33.57%
Inventory
Prepaid Expenses
Receivables $33.15M $50.56M
Other Receivables $14.20M $0.00
Total Short-Term Assets $981.9M $600.5M
YoY Change 63.52% 103.59%
LONG-TERM ASSETS
Property, Plant & Equipment $56.76M $58.10M
YoY Change -2.3% 84.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $57.20M $62.40M
YoY Change -8.33% -8.64%
Other Assets $19.60M $17.10M
YoY Change 14.62% -29.63%
Total Long-Term Assets $170.8M $186.5M
YoY Change -8.42% 4.25%
TOTAL ASSETS
Total Short-Term Assets $981.9M $600.5M
Total Long-Term Assets $170.8M $186.5M
Total Assets $1.153B $787.0M
YoY Change 46.47% 66.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.65M $18.93M
YoY Change 35.5% -36.74%
Accrued Expenses $42.30M $29.10M
YoY Change 45.36% 48.47%
Deferred Revenue
YoY Change
Short-Term Debt $526.5M $275.2M
YoY Change 91.32% 233.98%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $697.4M $416.7M
YoY Change 67.37% 128.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $28.95M $21.82M
YoY Change 32.69% 187.27%
Total Long-Term Liabilities $28.95M $21.82M
YoY Change 32.69% 187.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $697.4M $416.7M
Total Long-Term Liabilities $28.95M $21.82M
Total Liabilities $726.6M $438.5M
YoY Change 65.7% 124.85%
SHAREHOLDERS EQUITY
Retained Earnings $218.3M $184.6M
YoY Change 18.29% 32.91%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $426.1M $348.5M
YoY Change
Total Liabilities & Shareholders Equity $1.153B $787.0M
YoY Change 46.47% 66.08%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $15.31M $15.59M
YoY Change -1.8% -4.78%
Depreciation, Depletion And Amortization $7.664M $6.354M
YoY Change 20.62% 74.03%
Cash From Operating Activities -$171.0K $24.50M
YoY Change -100.7% -34.25%
INVESTING ACTIVITIES
Capital Expenditures $10.51M $8.886M
YoY Change 18.3% 13.44%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities $39.30M $20.70M
YoY Change 89.86% -115.04%
Cash From Investing Activities $28.82M $11.85M
YoY Change 143.16% -108.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $295.6M $40.22M
YoY Change 634.95% 1596.2%
NET CHANGE
Cash From Operating Activities -$171.0K $24.50M
Cash From Investing Activities $28.82M $11.85M
Cash From Financing Activities $295.6M $40.22M
Net Change In Cash $324.2M $76.57M
YoY Change 323.43% -172.36%
FREE CASH FLOW
Cash From Operating Activities -$171.0K $24.50M
Capital Expenditures $10.51M $8.886M
Free Cash Flow -$10.68M $15.62M
YoY Change -168.41% -46.94%

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CY2013Q1 us-gaap Provision For Doubtful Accounts
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15470000 USD
CY2014Q1 us-gaap Provision For Loan Lease And Other Losses
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CY2013Q1 us-gaap Provision For Loan Lease And Other Losses
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Revenues
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Revenues
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CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2013Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2014Q1 us-gaap Time Deposit Maturities Year Four
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CY2014Q1 us-gaap Time Deposit Maturities Year Three
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CY2014Q1 us-gaap Time Deposits100000 Or More
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CY2014Q1 us-gaap Time Deposits Less Than100000
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CY2013Q1 us-gaap Undistributed Earnings
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CY2014Q1 us-gaap Undistributed Earnings Allocated To Participating Securities
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CY2013Q1 us-gaap Undistributed Earnings Allocated To Participating Securities
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CY2014Q1 us-gaap Undistributed Earnings Diluted
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CY2013Q1 us-gaap Undistributed Earnings Diluted
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CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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36293000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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35047000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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37462000 shares
CY2014Q1 gdot Amounts Due To Card Issuing Banks For Overdrawn Accounts
AmountsDueToCardIssuingBanksForOverdrawnAccounts
170000 USD
CY2013Q4 gdot Amounts Due To Card Issuing Banks For Overdrawn Accounts
AmountsDueToCardIssuingBanksForOverdrawnAccounts
49930000 USD
CY2014Q1 gdot Availableforsale Securities Continuous Unrealized Loss Position12 Monthsor Longer Aggregate Loss Accumulatedin Investments
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0 USD
CY2013Q4 gdot Availableforsale Securities Continuous Unrealized Loss Position12 Monthsor Longer Aggregate Loss Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsorLongerAggregateLossAccumulatedinInvestments
0 USD
CY2014Q1 gdot Availableforsale Securities Continuous Unrealized Loss Position Aggregate Loss Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionAggregateLossAccumulatedinInvestments
155000 USD
CY2013Q4 gdot Availableforsale Securities Continuous Unrealized Loss Position Aggregate Loss Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionAggregateLossAccumulatedinInvestments
202000 USD
CY2013Q4 gdot Availableforsale Securities Gross Unrealized Loss Accumulatedin Investments
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202000 USD
CY2013Q1 gdot Card Revenues And Other Fees
CardRevenuesAndOtherFees
64667000 USD
CY2014Q1 gdot Card Revenues And Other Fees
CardRevenuesAndOtherFees
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CY2014Q1 gdot Cash And Cash Equivalents And Federal Funds Sold Period Increase Decrease
CashAndCashEquivalentsAndFederalFundsSoldPeriodIncreaseDecrease
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CY2013Q1 gdot Cash And Cash Equivalents And Federal Funds Sold Period Increase Decrease
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CY2013Q4 gdot Availableforsale Securities Continuous Unrealized Loss Position Lessthan12 Months Aggregate Loss Accumulated In Investments
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155000 USD
CY2014Q1 gdot Availableforsale Securities Gross Unrealized Gain Accumulatedin Investments
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140000 USD
CY2013Q4 gdot Availableforsale Securities Gross Unrealized Gain Accumulatedin Investments
AvailableforsaleSecuritiesGrossUnrealizedGainAccumulatedinInvestments
127000 USD
CY2014Q1 gdot Availableforsale Securities Gross Unrealized Loss Accumulatedin Investments
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155000 USD
CY2014Q1 gdot Cash Transfer Revenues
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46276000 USD
CY2013Q1 gdot Cash Transfer Revenues
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44335000 USD
CY2014Q1 gdot Client Funds Held
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CY2013Q4 gdot Client Funds Held
ClientFundsHeld
65449000 USD
CY2014Q1 gdot Fair Value Equity Level Transfer
FairValueEquityLevelTransfer
0
CY2013Q4 gdot Financing Receivable Recorded Investment Total Current Or Less Than30 Days Past Due
FinancingReceivableRecordedInvestmentTotalCurrentOrLessThan30DaysPastDue
7352000 USD
CY2014Q1 gdot Financing Receivable Recorded Investment Total Current Or Less Than30 Days Past Due
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7001000 USD
CY2013Q4 gdot Goodwill And Intangible Assets
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CY2014Q1 gdot Goodwill And Intangible Assets
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CY2014Q1 gdot Increase Decrease In Amounts Due To Card Issuing Bank For Overdrawn Accounts
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CY2013Q1 gdot Increase Decrease In Amounts Due To Card Issuing Bank For Overdrawn Accounts
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3452000 USD
CY2013Q1 gdot Interchange Revenues
InterchangeRevenues
46756000 USD
CY2014Q1 gdot Interchange Revenues
InterchangeRevenues
47214000 USD
CY2014Q1 gdot Loans Percentage Oustanding
LoansPercentageOustanding
1.000
CY2013Q4 gdot Loans Percentage Oustanding
LoansPercentageOustanding
1.000
CY2014Q1 gdot Loans Percentage Outstanding3059 Days Past Due
LoansPercentageOutstanding3059DaysPastDue
0.000
CY2013Q4 gdot Loans Percentage Outstanding3059 Days Past Due
LoansPercentageOutstanding3059DaysPastDue
0.000
CY2013Q4 gdot Loans Percentage Outstanding6089 Days Past Due
LoansPercentageOutstanding6089DaysPastDue
0.000
CY2014Q1 gdot Loans Percentage Outstanding6089 Days Past Due
LoansPercentageOutstanding6089DaysPastDue
0.000
CY2013Q4 gdot Loans Percentage Outstanding90 Days Or More
LoansPercentageOutstanding90DaysOrMore
0.002
CY2014Q1 gdot Loans Percentage Outstanding90 Days Or More
LoansPercentageOutstanding90DaysOrMore
0.000
CY2014Q1 gdot Loans Percentage Outstanding Current Or Less Than30 Days Past Due
LoansPercentageOutstandingCurrentOrLessThan30DaysPastDue
1.000
CY2013Q4 gdot Loans Percentage Outstanding Current Or Less Than30 Days Past Due
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CY2013Q4 gdot Loans Percentage Outstanding Total Past Due30 Days Or More
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0.002
CY2014Q1 gdot Loans Percentage Outstanding Total Past Due30 Days Or More
LoansPercentageOutstandingTotalPastDue30DaysOrMore
0.000
CY2013Q4 gdot Noninterest Bearing Grp Deposits
NoninterestBearingGrpDeposits
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CY2014Q1 gdot Noninterest Bearing Grp Deposits
NoninterestBearingGrpDeposits
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CY2014Q1 gdot Re Allocated Earnings
ReAllocatedEarnings
70000 USD
CY2013Q1 gdot Re Allocated Earnings
ReAllocatedEarnings
79000 USD
CY2014Q1 gdot Stock Based Retailer Incentive Compensation
StockBasedRetailerIncentiveCompensation
2388000 USD
CY2013Q1 gdot Stock Based Retailer Incentive Compensation
StockBasedRetailerIncentiveCompensation
1609000 USD
CY2014Q1 gdot Tax Credit Carryforward Not Subjectto Expiration
TaxCreditCarryforwardNotSubjecttoExpiration
1100000 USD
CY2014Q1 gdot Tax Credit Carryforward Subjectto Expiration
TaxCreditCarryforwardSubjecttoExpiration
1200000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001386278
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
635100000 USD
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
GREEN DOT CORP
CY2014Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014Q1 dei Trading Symbol
TradingSymbol
GDOT

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0001386278-14-000041-xbrl.zip Edgar Link pending
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