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CardConnect Corp. (CCN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-16Dec-31-15Oct-31-15Dec-31-14Oct-31-14
   10-K10-K10-K10-K10-K
Revenues:  
    Merchant Acquiring Services  582.2453.3 387.3 
    Other  7.25.4 2.7 
Total revenues  589.3458.60.0390.00.0
            Revenue growth   [+]28.5%17.6%   
Cost of goods sold  1,138.4889.20.0754.20.0
Gross profit  -549.1-430.60.0-364.20.0
            Gross margin  -93.2%-93.9% -93.4% 
Selling, general and administrative   [+]55.325.30.225.90.0
Other operating expenses  -614.6-480.2 -407.7 
EBITDA   [+]10.224.2 17.6 
            EBITDA margin  1.7%5.3% 4.5% 
Depreciation and amortization  1.71.2 0.9 
EBITA  8.523.1-0.216.70.0
            EBITA margin  1.4%5.0% 4.3% 
Amortization of intangibles  20.619.2 18.5 
EBIT   [+]-12.13.9-0.2-1.80.0
            EBIT margin  -2.1%0.8% -0.5% 
Non-recurring items  0.0  0.3 
Interest expense, net   [+]5.11.20.01.2 
Other income (expense), net  -0.4-0.10.0-0.1 
Pre-tax income  -17.52.6-0.2-3.40.0
Income taxes  -1.41.40.08.60.0
            Tax rate  7.9%54.1%0.0% 0.0%
Net income  -18.01.2-0.2-12.00.0
            Net margin  -3.1%0.3% -3.1% 
   
Basic EPS   [+]($0.86)$0.08($0.06)($0.78)($0.01)
Diluted EPS   [+]($0.86)$0.07($0.06)($0.78)($0.01)
   
Dividends per share  $8.58    
   
Shares outstanding (basic)   [+]20.915.24.315.43.4
Shares outstanding (diluted)   [+]20.916.84.315.43.4
   
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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