Ezcorp (EZPW) FY2014 results: revenue $746 million, down 7.9% on the year
Ezcorp Inc. (EZPW) reported revenue of $746 million for fiscal 2014, the year ended 30 September 2014, down 7.9% on the year before. Net income was -$68 million, and diluted earnings per share $-1.25. The figures are the company's own, from the 10-K it filed with the SEC on 26 November 2014.
Revenue
$746 million
-7.9% on the year
FY2009FY2014
Operating margin
2.4%
9.7% a year earlier
FY2009FY2014
Net income
-$68 million
FY2009FY2014
Diluted EPS
-$1.25
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
746
810
961
-7.9%
Cost of revenue
249
219
191
+13.7%
Gross profit
422
480
596
-12.2%
Gross margin
56.6%
59.3%
62.0%
Operating income
18.1
78.9
196
-77.1%
Operating margin
2.4%
9.7%
20.4%
Interest expense
7.9
16.2
n/a
-51.1%
Pre-tax income
7.9
31.6
214
-75.1%
Income tax
4.5
9.1
67.7
-51.1%
Effective tax rate
56.4%
28.8%
31.6%
Net income
-67.7
22.3
137
Net margin
-9.1%
2.8%
14.2%
Diluted EPS
-$1.25
$0.41
$2.67
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
74.7
120
139
-38.0%
Capital expenditure
23.0
46.7
45.8
-50.8%
Free cash flow
51.7
73.8
93.3
-29.9%
Free cash flow margin
6.9%
9.1%
9.7%
Cash from investing
-80.1
-155
-215
Cash from financing
32.5
23.6
90.6
+37.5%
Depreciation and amortisation
38.6
34.9
25.3
+10.6%
Share-based compensation
6.8
7.1
6.7
-4.0%
Buybacks
11.9
0.0
0.0
Diluted shares, weighted
54m
54m
51m
+1.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
812
879
828
-7.6%
Redeemable equity
22.8
47.3
53.7
-51.8%
Debt
428
246
222
+73.8%
Other liabilities
147
160
106
-8.1%
Total liabilities and equity
1,411
1,333
1,209
+5.8%
Fixed assets
106
116
108
-8.9%
Goodwill
347
433
375
-20.0%
Intangible assets
66.1
65.4
45.2
+1.1%
Cash and equivalents
55.3
29.1
39.8
+90.1%
Receivables
n/a
0.0
n/a
Inventory
138
145
109
-4.8%
Other assets
698
544
532
+28.5%
Total assets
1,411
1,333
1,209
+5.8%
10-K for the year ended 30 September 2014, filed 26 November 2014: the filing.