Short answer
Euronet Worldwide Inc (EEFT) filed its fiscal 2018 10-K annual report with the SEC on Feb 28, 2019. It reported revenue of $2.5B (+12.6% year over year) and net income of $233M.
- Top risk flagged: GDPR, effective May 25, 2018: noncompliance could trigger revenue-based fines and restrict E.U.-U.S. data transfers
FY2018 key financial metrics · XBRL
- Revenue
- $2.5B
- +12.6% YoY
- Net income
- $233M
- +48.5% YoY
- Operating margin
- 14.1%
- +2.3 pp YoY
- EPS (diluted)
- $4.26
- +49.5% YoY
- ROE
- 18.9%
- +5.8 pp YoY
- Operating cash flow
- $397M
- +36.4% YoY
Source: XBRL data from the Euronet Worldwide Inc (EEFT) FY2018 10-K on SEC EDGAR. USD.
Euronet Worldwide Inc FY2018 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Electronic payments platform spanning ATM/POS processing, prepaid content distribution and global consumer-to-consumer and account-to-account transfers
- 2018 acquisitions of Innova Tax Free and Easycash, adding European tax-refund services and Irish ATM operations
- HiFX global account-to-account services rebranded under xe, consolidating digital money-transfer positioning
- Network expansion: 40,354 ATMs versus 37,133 in 2017, with IAD coverage reaching 24 countries
- Money Transfer processed $49.7 billion across 107.6 million transactions, while employees rose to approximately 7,100 from 6,600
Management Discussion & Analysis
- Revenue $2.54B, up 13% YoY, with net income $232.9M vs $156.8M
- EFT Processing best segment: revenue $753.7M, operating income $197.2M, margin 26.2% vs 25.7%
- epay weakest growth: revenue $743.8M, up 1%, operating margin 10.6% vs 5.2%
- Operating cash flow $397.2M, capex $119.4M, acquisitions $12.9M, share repurchases $177.9M
- 2019 capex guidance $120M to $130M, with risks from currency, regulation, competition and cybersecurity
Risk Factors
- GDPR, effective May 25, 2018: noncompliance could trigger revenue-based fines and restrict E.U.-U.S. data transfers
- U.S.-Mexico remittance exposure: NAFTA withdrawal or USMCA nonapproval could restrict transfers along Euronet’s largest corridor
- ATM cash dependency: third-party providers supplied approximately $523 million, with rights to demand cash return
- Western Union’s greater capital and resources: stronger pricing and technology investment could reduce Euronet customers and revenues
- Debt burden: $590 million long-term debt, including variable-rate borrowings vulnerable to higher interest expense
Generated from the filing text; verify against the original. How to read a 10-K
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