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Priority Technology Holdings, Inc. (PRTH)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Enterprise Payments  82.522.112.911.7   
    SMB Payments  562.2475.6370.5334.2   
    Consumer Payments      347.0357.2 
    Other  18.917.120.926.028.825.0 
Total revenues  663.6514.9404.3371.9375.8382.2344.1
            Revenue growth   [+]28.9%27.3%8.7%-1.1%-1.7%11.1% 
Cost of goods sold   [+]65.143.839.542.2307.6310.932.3
Gross profit  598.6471.1364.8329.668.271.3311.8
            Gross margin  90.2%91.5%90.2%88.6%18.2%18.7%90.6%
Selling, general and administrative  35.028.425.830.832.122.116.9
Other operating expenses  435.6359.9277.4252.6  255.8
EBITDA   [+]128.082.861.646.336.149.239.1
            EBITDA margin  19.3%16.1%15.2%12.4%9.6%12.9%11.4%
Depreciation  9.58.57.76.75.04.22.8
EBITA  118.574.353.939.631.145.036.3
            EBITA margin  17.9%14.4%13.3%10.6%8.3%11.8%10.5%
Amortization of intangibles  61.241.233.132.414.710.511.9
EBIT   [+]57.433.120.97.216.434.524.4
            EBIT margin  8.6%6.4%5.2%1.9%4.4%9.0%7.1%
Non-recurring items   [+]1.2     -1.5
Interest expense, net   [+]53.636.544.840.729.324.44.8
Other income (expense), net   [+]5.9-5.7116.81.5-9.9-6.2-0.9
Pre-tax income  8.6-9.192.9-31.9-22.83.820.2
Income taxes  5.4-5.310.90.8-2.50.00.0
            Tax rate  62.6%57.6%11.7% 10.9%0.0%0.0%
Net income  -39.0-24.625.7-33.6-20.33.820.2
            Net margin  -5.9%-4.8%6.3%-9.0%-5.4%1.0%5.9%
   
Basic EPS   [+]($0.50)($0.34)$0.38($0.50)($0.33)$0.06$0.15
Diluted EPS   [+]($0.50)($0.34)$0.38($0.50)($0.33)$0.06$0.15
   
Dividends per share   [+]$0.15$0.10  $0.11$0.05$0.08
   
Shares outstanding (basic)   [+]78.271.967.267.161.667.1131.7
Shares outstanding (diluted)   [+]78.271.967.367.161.667.1131.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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