Euronet Worldwide Inc

NASDAQ:EEFTUnited States

2024 2023 ------------- --------------- Revenues $ 986.2 $ 939.1 Operating expenses: Direct operating costs 580.8 558.1 Salaries and benefits 158.0 149.4 Selling, general and administrative 79.4 75.3 Depreciation and amortization 33.7 33.7 ------------ ------------ Total operating expenses 851.9 816.5 ------------ ------------ Operating income 134.3 122.6 ------------ ------------ Other income (expense): Interest income 5.9 3.5 Interest expense (20.1) (14.0) Foreign currency exchange gain 1.5 6.3 Other income (expense) 0.8 (0.1) ------------ ------------ Total other expense, net (11.9) (4.3) ------------ ------------ Income before income taxes 122.4 118.3 Income tax expense (39.2) (32.3) ------------ ------------ Net income 83.2 86.0 Net loss attributable to non-controlling interests (0.1) 0.1 ------------ ------------ Net income attributable to Euronet Worldwide, Inc. $ 83.1 $ 86.1 Add: Interest expense from assumed conversion of convertible notes, net of tax 1.0 1.1 Net income for diluted earnings per share calculation $ 84.1 $ 87.2 ======== ======== Earnings per share attributable to Euronet Worldwide, Inc. stockholders - diluted $ 1.73 $ 1.65 ======== ======== Diluted weighted average shares outstanding 48,700,270 52,871,415 ============ ============ EURONET WORLDWIDE, INC. Reconciliation of Net Income to (Adjusted) Operating Income (Expense) and Adjusted EBITDA (unaudited - in millions) Three months ended June 30, 2024 ---------------------------------------------------------------- EFT Money Corporate Processing epay Transfer Services Consolidated ------------ ----- ---------- ----------- ---------------- Net income $ 83.2 Add: Income tax expense 39.2 Add: Total other expense, net 11.9 --------- ----- Operating income (expense) $ 79.9 $26.2 $ 47.3 $ (19.1) $ 134.3 Add: Depreciation and amortization 25.1 1.8 6.7 0.1 33.7 Add: Share-based compensation -- -- -- 10.2 10.2 --- ------- ---- ------ ---------- --------- ----- Earnings before interest, taxes, depreciation, amortization, share-based compensation(Adjusted EBITDA) ((1) () $ 105.0 $28.0 $ 54.0 $ (8.8) $ 178.2 === ======= ==== ====== === ===== ===== ===== Three months ended June 30, 2023 ---------------------------------------------------------------- EFT Money Corporate Processing epay Transfer Services Consolidated ------------ ----- ---------- ----------- ---------------- Net income $ 86.0 Add: Income tax expense 32.3 Add: Total other expense, net 4.3 --------- ----- Operating income (expense) $ 69.1 $26.8 $ 47.2 $ (20.5) $ 122.6 Less: Non-cash gain (3.0 ) -- -- -- (3.0) --- ------- ---- ------ --- ----- ----- ---- Adjusted operating income (expense) ((1) () 66.1 26.8 47.2 (20.5) 119.6 Add: Depreciation and amortization 23.8 1.7 8.1 0.1 33.7 Add: Share-based compensation -- -- -- 12.5 12.5 --- ------- ---- ---------- ---------- --------- ----- Earnings before interest, taxes, depreciation, amortization, non-cash gain and share-based compensation (Adjusted EBITDA) ((1) () $ 89.9 $28.5 $ 55.3 $ (7.9) $ 165.8 === ======= ==== ====== === ===== ===== =====