Short answer
Euronet Worldwide Inc (EEFT) filed its fiscal 2017 10-K annual report with the SEC on Mar 1, 2018. It reported revenue of $2.3B (+15.0% year over year) and net income of $157M.
- Top risk flagged: GDPR, effective May 25, 2018: noncompliance could trigger revenue-based fines affecting E.U.-U.S. data transfers
FY2017 key financial metrics · XBRL
- Revenue
- $2.3B
- +15.0% YoY
- Net income
- $157M
- −10.1% YoY
- Operating margin
- 11.8%
- −0.9 pp YoY
- EPS (diluted)
- $2.85
- −11.8% YoY
- ROE
- 13.1%
- −6.3 pp YoY
- Operating cash flow
- $291M
- −20.9% YoY
Source: XBRL data from the Euronet Worldwide Inc (EEFT) FY2017 10-K on SEC EDGAR. USD.
Euronet Worldwide Inc FY2017 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Electronic payments model spanning EFT processing, prepaid content distribution and global money transfers across three operating segments
- New “Renaissance” switching software released in 2017, with European networks transitioned from legacy ITM software
- Strategic shift in epay toward gift cards, debit cards, transport and digital content as mobile top-up declines
- ATM network expanded to 37,133 from 33,973, driven by India, Europe and the YourCash acquisition
- Money transfer transactions reached 92.2 million, while processed transfer value totaled $38.8 billion in 2017
Management Discussion & Analysis
- Revenue $2.252B, up 15% YoY from $1.959B, driven by EFT and Money Transfer growth
- Operating income $266.0M, margin 11.8% vs 12.7%; net income $156.8M vs $174.4M
- Best segment: EFT revenue $634.6M, operating income $162.9M, margin 25.7% vs 25.2%
- Worst segment: epay operating income $38.1M, down 44%, margin 5.2% vs 9.8%
- Operating cash flow $291.3M, capex $105.2M, share repurchases $75.6M; 2018 capex guidance $110M to $120M
Risk Factors
- GDPR, effective May 25, 2018: noncompliance could trigger revenue-based fines affecting E.U.-U.S. data transfers
- U.S.-Mexico remittance corridor: NAFTA renegotiation, tariffs or remittance restrictions could materially reduce money-transfer activity
- ATM cash supply: third-party providers supplied approximately $385.9 million, with termination potentially disrupting network operations
- Western Union: greater capital resources could enable better pricing and customer losses in money transfer
- Debt burden: $404.0 million long-term debt, including variable-rate borrowings, could increase financing costs and covenant pressure
Generated from the filing text; verify against the original. How to read a 10-K
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