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VERIFONE SYSTEMS, INC. (PAY)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsOct-31-17Oct-31-16Oct-31-15Oct-31-14Oct-31-13Oct-31-12Oct-31-11Oct-31-10
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Verifone Systems  1,085.51,236.41,309.61,162.2    
    Verifone Services  788.5769.7691.8708.8    
    International         560.7
    North America      495.2  440.9
    Other      1,207.1   
Total revenues   [+]1,871.01,992.12,000.51,868.91,702.21,866.01,303.91,001.5
            Revenue growth   [+]-6.1%-0.4%7.0%9.8%-8.8%43.1%30.2%18.6%
Cost of goods sold   [+]1,158.01,197.81,174.51,144.21,057.01,110.1812.1631.2
Gross profit  713.0794.3826.0724.7645.2755.8491.8370.3
            Gross margin  38.1%39.9%41.3%38.8%37.9%40.5%37.7%37.0%
Selling, general and administrative   [+]383.6421.6428.7416.8377.7354.9262.1179.0
Research and development  211.6207.5198.1197.8173.3152.0109.274.2
Other operating expenses  42.075.482.597.696.283.814.814.6
EBITDA   [+]216.5269.1286.0226.2205.8343.0154.0149.0
            EBITDA margin  11.6%13.5%14.3%12.1%12.1%18.4%11.8%14.9%
Depreciation  71.188.786.9116.1111.694.033.510.7
EBITA  145.4180.4199.1110.194.2249.0120.5138.3
            EBITA margin  7.8%9.1%10.0%5.9%5.5%13.3%9.2%13.8%
Amortization of intangibles  69.690.582.597.696.283.814.835.9
EBIT   [+]75.889.8116.612.6-2.0165.2105.7102.4
            EBIT margin  4.1%4.5%5.8%0.7%-0.1%8.9%8.1%10.2%
Non-recurring items   [+]188.257.19.66.764.417.6  
Interest expense, net   [+]33.234.631.542.544.358.426.427.1
Other income (expense), net  2.83.6-2.6-3.33.7-20.811.93.4
Pre-tax income  -142.81.872.9-39.9-107.068.491.378.7
Income taxes  32.511.5-7.4-3.4188.02.1-191.4-20.6
            Tax rate   630.9% 8.6% 3.0%  
Minority interest  -1.5-0.41.31.71.11.30.30.5
Net income  -173.8-9.379.1-38.1-296.165.0282.498.8
            Net margin  -9.3%-0.5%4.0%-2.0%-17.4%3.5%21.7%9.9%
   
Basic EPS   [+]($1.55)($0.08)$0.69($0.34)($2.73)$0.61$3.06$1.16
Diluted EPS   [+]($1.55)($0.08)$0.68($0.34)($2.73)$0.59$2.92$1.13
   
Shares outstanding (basic)   [+]111.8110.8114.0111.6108.6107.092.485.2
Shares outstanding (diluted)   [+]111.8110.8115.9111.6108.6110.396.687.8
   
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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