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Cardtronics plc (CATM)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    North America  756.2853.6830.2971.3908.4824.1762.7
    Europe & Africa  265.9395.7409.8403.3367.4376.2 
    Australia & New Zealand  71.8100.1117.4132.9   
    Eliminations     10.5   
    Other        292.2
Total revenues   [+]1,094.01,349.41,345.21,507.61,265.41,200.31,054.8
            Revenue growth   [+]-18.9%0.3%-10.8%19.1%5.4%13.8% 
Cost of goods sold  692.7885.0897.8999.1814.1782.9704.0
Gross profit  401.3464.4447.5508.5451.3417.4350.8
            Gross margin  36.7%34.4%33.3%33.7%35.7%34.8%33.3%
Selling, general and administrative  160.1177.5170.5174.2153.8140.5113.5
Other operating expenses  133.2130.7126.2122.8141.5151.0129.4
Adjusted EBITDA  263.6307.9292.6347.9305.6269.2235.8
            Adjusted EBITDA margin  24.1%22.8%21.8%23.1%24.2%22.4%22.4%
Stock-based compensation  22.321.015.714.421.919.516.5
EBITDA   [+]241.3287.0277.0333.5283.7249.7219.3
            EBITDA margin  22.1%21.3%20.6%22.1%22.4%20.8%20.8%
Depreciation and amortization  133.2130.7126.2122.091.085.075.6
EBITA  108.1156.3150.8211.4192.8164.7143.6
            EBITA margin  9.9%11.6%11.2%14.0%15.2%13.7%13.6%
Amortization of intangibles  31.949.352.957.936.838.835.8
EBIT   [+]76.2107.097.9153.6156.0125.9107.9
            EBIT margin  7.0%7.9%7.3%10.2%12.3%10.5%10.2%
Non-recurring items   [+]22.420.627.7257.19.6-14.03.2
Interest expense  37.126.635.435.017.419.520.8
Other income (expense), net   [+]2.95.0-20.7-16.1-14.5-15.1-20.5
Pre-tax income  19.664.814.1-154.6114.5105.363.4
Income taxes  0.516.510.5-9.326.639.328.2
            Tax rate  2.3%25.5%74.1%6.0%23.2%37.4%44.5%
Minority interest  0.00.00.00.0-0.1-1.1-1.9
Net income  19.148.33.7-145.488.067.137.1
            Net margin  1.7%3.6%0.3%-9.6%7.0%5.6%3.5%
   
Basic EPS   [+]$0.43$1.06$0.08($3.19)$1.95$1.50$0.84
Diluted EPS   [+]$0.42$1.05$0.08($3.19)$1.92$1.48$0.83
   
Shares outstanding (basic)   [+]44.545.546.045.645.244.844.3
Shares outstanding (diluted)   [+]45.446.046.445.645.845.444.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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