10-Q quarterly report · filed Oct 28, 2014

Euronet Worldwide Inc (EEFT) Q3 2014 10-Q Quarterly Report

Short answer

Euronet Worldwide Inc (EEFT) filed its Q3 2014 10-Q quarterly report on Oct 28, 2014 for the quarter ended Sep 30, 2014.

Euronet Worldwide Inc Q3 2014 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $453.4M vs $360.6M, up $92.8M YoY
  • Operating margin 11.2% vs 15.3% YoY, net income $35.0M vs $47.9M
  • Best segment Money Transfer: revenue $151.3M vs $95.3M, operating income $12.6M vs $7.5M
  • Worst segment EFT Processing: operating income $34.2M vs $44.6M, down $10.4M due to prior-year $19.3M gain
  • Cash $451.2M, operating cash flow $224.6M, acquisitions $84.7M, capital expenditures $47.7M through nine months; 2014 capex guidance $55.0M to $65.0M

Risk Factors

  • No material changes in risk factors from the 2013 Form 10-K
  • Regulatory exposure: money-transfer operations require minimum capitalization, cash requirements and surety bonds across jurisdictions
  • Operational risk: ATM network cash exposure reached approximately $433 million under customer agreements
  • Market risk: approximately 75% of revenues denominated in currencies other than the U.S. dollar
  • Financial risk: Credit Facility borrowings totaled $296.5 million, with $4.7 million due under Term Loan A within twelve months

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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