FLEETCOR Technologies, Inc FLT Income Statement

Fleetcor technologies, inc (FLT)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues, net
661,093	698,881	681,048	647,094	621,825	642,921	619,586	584,985	586,000	609,991	577,877	541,237	520,433	514,953	484,426	417,905	414,262	430,601	451,493	404,605	416,166	376,697	295,283	273,502	253,908	255,501	225,150	220,869	193,651	202,617	186,932	171,820	146,165	140,160	134,213	134,213	111,005	111,655	111,437
Expenses:
Merchant commissions
-	-	-	-	-	-	-	-	-	30,443	27,687	30,619	24,384	25,590	28,214	22,308	28,233	27,480	31,726	21,725	27,326	33,290	25,014	20,327	17,623	17,783	16,944	19,555	13,861	17,599	12,930	17,651	10,393	14,694	13,347	14,881	8,277	13,711	14,249
Processing
233,703	146,081	135,016	120,458	129,114	131,609	128,400	111,201	116,485	113,184	111,283	103,322	101,824	98,676	96,233	80,691	79,814	84,194	90,959	74,564	81,356	56,185	41,451	38,845	36,856	38,604	33,473	32,010	29,943	32,285	30,568	27,014	25,579	25,931	20,878	19,775	17,932	17,764	17,323
Selling
55,859	51,899	51,790	51,856	49,261	46,667	44,806	44,009	47,111	47,863	45,060	38,957	38,837	38,763	34,180	31,947	26,553	28,064	27,383	27,297	26,331	22,642	17,950	17,521	17,414	18,397	13,859	13,386	11,704	13,190	12,790	10,274	10,175	10,332	9,484	9,003	7,787	8,638	7,668
General and administrative
106,110	109,592	98,050	106,784	92,784	104,313	98,058	96,431	90,370	112,599	92,054	87,587	95,454	74,541	77,904	63,586	67,594	98,463	66,142	63,388	69,722	83,659	40,947	37,896	43,461	50,509	31,559	30,954	29,261	31,256	31,219	23,824	23,823	25,047	19,729	22,074	17,915	13,555	13,381
Gross profit, total
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57,987	58,816
Depreciation and amortization
64,476	68,510	67,347	70,908	67,445	67,230	67,267	68,610	71,502	65,829	69,156	64,709	64,866	61,408	57,084	48,436	36,328	48,018	48,526	48,827	48,082	37,800	25,714	24,429	24,418	24,158	18,060	15,890	14,629	15,116	13,591	11,609	11,720	9,924	9,052	8,588	8,607	8,925	8,259
Other operating, net
38	-2,003	296	229	955	-8,864	35	49	55	-	-	-	-	0	244	231	215	1,767	1,703	347	425	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
200,983	320,796	329,141	297,317	284,176	284,738	281,090	264,783	260,087	240,012	232,637	216,043	195,068	215,975	191,055	171,168	175,955	146,149	188,460	169,151	163,774	172,622	144,207	134,484	114,136	106,050	111,255	109,074	94,253	93,171	85,834	81,448	64,475	54,232	61,723	59,892	50,487	49,062	50,557
Investment loss
-2,371	12,190	0	0	-15,660	0	-7,147	0	0	-667	-47,766	-2,354	-2,377	-38,603	-2,744	7,184	-2,193	-43,742	-6,108	-5,118	-2,700	-	-2,200	-1,489	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (income) expense, net
9,366	535	120	-528	-220	152,630	-303	-458	297	-190	175,271	551	-2,196	-1,926	-293	-104	-659	-178	168	-653	-1,860	7,031	-594	268	-6,005	-472	156	6	-292	-602	3	66	-588	-19	518	56	34	696	115
Other expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	544	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-35,679	-34,960	-36,504	-39,529	-39,055	-38,207	-36,072	-33,150	-31,065	-30,824	-29,344	-23,851	-23,127	-21,991	-17,814	-15,900	-16,191	-16,521	-17,163	-18,089	-19,566	-13,228	-4,859	-5,308	-5,461	-5,501	-3,756	-3,756	-3,448	-22,644	3,246	2,818	3,563	-9,693	3,130	-3,451	-3,363	-5,557	-5,531
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-3,296	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,669	-	-	-
Total other expense
-28,684	-22,235	-36,384	-40,057	-54,935	112,325	-43,522	-33,608	-30,768	-31,681	94,865	-25,654	-27,700	-62,520	-20,851	-8,820	-19,043	-60,441	-23,103	-23,860	-24,126	-	-7,653	-6,529	-	-28,153	3,600	3,750	3,740	3,992	3,243	2,752	4,151	22,238	2,612	-6,064	-3,329	-4,861	-5,416
Income before income taxes
172,299	298,561	292,757	257,260	229,241	397,063	237,568	231,175	229,319	208,331	327,502	190,389	167,368	153,455	170,204	162,348	156,912	85,708	165,357	145,291	139,648	140,303	136,554	127,955	108,131	100,077	107,655	105,324	90,513	89,179	82,591	78,696	60,324	50,780	59,111	53,828	47,158	44,201	45,141
Provision for income taxes
25,239	63,051	66,952	-4,391	57,134	95,063	79,874	54,323	54,382	-74,366	124,679	59,402	43,675	58,031	40,586	46,095	45,822	32,878	48,587	46,613	45,495	30,763	41,045	39,406	33,022	31,957	29,035	32,225	25,851	29,108	22,943	24,295	18,245	13,009	18,597	17,113	14,823	10,803	15,501
Net income
147,060	235,510	225,805	261,651	172,107	302,000	157,694	176,852	174,937	282,697	202,823	130,987	123,693	95,424	129,618	116,253	111,090	52,830	116,770	98,678	94,153	109,540	95,509	88,549	75,109	68,120	78,620	73,099	64,662	60,071	59,648	54,401	42,079	37,771	40,514	36,715	32,335	33,398	29,640
Earnings per share:
Convertible preferred stock accrued dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,529	4,416
Income attributable to common shareholders for basic earnings per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,869	25,224
Basic earnings per share (in dollars per share)
1.73	2.72	2.61	3.03	2.00	3.43	1.78	1.98	1.95	3.13	2.23	1.42	1.34	1.04	1.40	1.25	1.20	0.57	1.27	1.07	1.03	1.25	1.14	1.07	0.91	0.82	0.96	0.90	0.80	0.72	0.71	0.65	0.51	0.47	0.50	0.46	0.40	0.85	0.74
Diluted earnings per share (in dollars per share)
1.67	2.62	2.49	2.90	1.93	3.31	1.71	1.91	1.88	3.03	2.18	1.39	1.31	1.00	1.36	1.22	1.17	0.56	1.24	1.05	1.00	1.22	1.11	1.03	0.88	0.79	0.93	0.87	0.77	0.71	0.69	0.63	0.49	0.45	0.48	0.44	0.39	0.41	0.37
Weighted average shares outstanding:
Basic (in shares)
84,902	86,641	86,662	86,360	85,941	87,610	88,456	89,169	89,765	89,644	90,751	92,013	92,108	92,576	92,631	92,665	92,516	92,328	92,110	91,904	91,750	87,924	83,611	82,996	82,737	82,403	81,974	81,573	81,222	83,451	84,002	83,294	82,565	161,390	80,819	80,151	79	34	33
Diluted (in shares)
88,205	90,383	90,522	90,131	89,244	90,571	92,081	92,702	93,250	92,592	93,001	94,223	94,560	95,236	95,307	95,279	95,030	94,415	94,157	94,050	93,934	90,282	86,134	85,817	85,695	85,294	84,905	84,461	83,960	85,819	86,224	85,737	85,164	167,335	83,649	83,548	83	80	80