Ezcorp (EZPW) FY2013 results: revenue $810 million, down 15.7% on the year
Ezcorp Inc. (EZPW) reported revenue of $810 million for fiscal 2013, the year ended 30 September 2013, down 15.7% on the year before. Net income was $22 million, down 83.7%, and diluted earnings per share $0.41. The figures are the company's own, from the 10-K it filed with the SEC on 27 November 2013.
Revenue
$810 million
-15.7% on the year
FY2009FY2013
Operating margin
9.7%
20.4% a year earlier
FY2009FY2013
Net income
$22 million
-83.7% on the year
FY2009FY2013
Diluted EPS
$0.41
-84.6% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
810
961
853
-15.7%
Cost of revenue
219
191
296
+14.7%
Gross profit
480
596
526
-19.4%
Gross margin
59.3%
62.0%
61.7%
Operating income
78.9
196
175
-59.7%
Operating margin
9.7%
20.4%
20.6%
Interest expense
16.2
n/a
1.7
Pre-tax income
31.6
214
190
-85.2%
Income tax
9.1
67.7
66.6
-86.6%
Effective tax rate
28.8%
31.6%
35.0%
Net income
22.3
137
122
-83.7%
Net margin
2.8%
14.2%
14.3%
Diluted EPS
$0.41
$2.67
$2.43
-84.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
120
139
153
-13.4%
Capital expenditure
46.7
45.8
34.1
+2.0%
Free cash flow
73.8
93.3
119
-20.9%
Free cash flow margin
9.1%
9.7%
14.0%
Cash from investing
-155
-215
-141
Cash from financing
23.6
90.6
-13.8
-73.9%
Depreciation and amortisation
34.9
25.3
18.3
+38.2%
Share-based compensation
7.1
6.7
13.2
+7.0%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
54m
51m
50m
+5.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
879
828
664
+6.2%
Redeemable equity
47.3
53.7
0.0
-11.9%
Debt
246
222
17.5
+11.2%
Other liabilities
160
106
74.7
+51.1%
Total liabilities and equity
1,333
1,209
756
+10.2%
Fixed assets
116
108
78.5
+7.5%
Goodwill
433
375
173
+15.7%
Intangible assets
65.4
45.2
19.8
+44.7%
Cash and equivalents
29.1
39.8
24.0
-26.9%
Receivables
0.0
n/a
n/a
Inventory
145
109
90.4
+32.9%
Other assets
544
532
371
+2.2%
Total assets
1,333
1,209
756
+10.2%
10-K for the year ended 30 September 2013, filed 27 November 2013: the filing.