BlackHawk Network

BlackHawk Network is a prepaid payment network utilizing proprietary technology to offer a broad range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services in the United States and other countries.
For consumers, Blackhawk provides convenience by offering a broad variety of quality brands and content through physical and digital retail distribution locations or through loyalty, incentive and reward programs offered by its business clients. For content providers, it drives incremental sales by providing access consumers and creating new customer relationships. For retail distribution partners, the Company provides an important product category that can drive incremental store traffic and customer loyalty. For business clients, Blackhawk provides a wide array of services, software and prepaid products to enhance their customer loyalty, sales channel incentive and employee reward programs. 


Type
Public
HQ
Pleasanton, US
Founded
2001
Size (employees)
1,316 (est)
BlackHawk Network was founded in 2001 and is headquartered in Pleasanton, US

BlackHawk Network Office Locations

BlackHawk Network has offices in Pleasanton, Milsons Point, São Paulo, Toronto and in 5 other locations
Pleasanton, US (HQ)
6220 Stoneridge Mall Rd
London, GB
40 Bernard St
Amsterdam, NL
96 Jan Luijkenstraat
Lewisville, US
700 TX-121, Suite 200
Köln, DE
43 Gereonstraße
Toronto, CA
3280 Bloor St W
Show all (9)

BlackHawk Network Data and Metrics

BlackHawk Network Financial Metrics

BlackHawk Network's revenue was reported to be $407.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

407.2 m

EBIT (Q1, 2017)

(17 m)

Market capitalization (17-Aug-2017)

2.4 b

Cash (25-Mar-2017)

214.5 m
BlackHawk Network's current market capitalization is $2.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.1 b1.4 b1.8 b1.9 b

Revenue growth, %

27%25%5%

Gross profit

980.2 m1.2 b1.5 b

Gross profit Margin, %

86%85%83%

Sales and marketing expense

274.8 m

General and administrative expense

99.4 m

Operating expense total

1.1 b1.4 b1.7 b1.9 b

EBIT

83.3 m78.7 m87.4 m23.2 m

EBIT margin, %

7%5%5%1%

Interest expense

5.6 m13.2 m21.9 m

Pre tax profit

72.9 m72.6 m936 k

Income tax expense

27.5 m26.8 m(4.1 m)

Net Income

54.1 m45.5 m45.6 m4.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

283.9 m269 m319.7 m372.2 m352.7 m366.5 m391.2 m361.6 m407.2 m

Sales and marketing expense

45.8 m41.7 m43.6 m63.1 m50 m53.3 m60.5 m52.3 m62.8 m

General and administrative expense

10.9 m16.2 m18.7 m21.3 m22.1 m24.3 m23.3 m22.5 m29 m

Operating expense total

56.7 m57.9 m62.3 m84.4 m72.1 m77.7 m83.8 m74.8 m91.8 m

EBIT

8.9 m1.7 m10.9 m10.2 m(2.3 m)(3 m)(15 m)(10.1 m)(17 m)

EBIT margin, %

3%1%3%3%(1%)(1%)(4%)(3%)(4%)

Interest expense

(956 k)(1.1 m)(2.8 m)(2.6 m)(3.2 m)(4.1 m)(4.1 m)(5.7 m)(6.9 m)

Pre tax profit

8.3 m765 k7.9 m

Income tax expense

3.3 m352 k2.6 m5.1 m(3.3 m)(3.2 m)(7.3 m)(8.4 m)(9.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

550.4 m911.6 m914.6 m1 b

Accounts Receivable

126.4 m181.4 m241.7 m262.7 m

Inventories

67.5 m

Current Assets

1.6 b1.8 b1.9 b2.1 b

Goodwill

133.5 m331.3 m402.5 m570.4 m

Total Assets

2 b2.5 b3.1 b3.6 b

Accounts Payable

193.3 m

Total Debt

429 m

Current Liabilities

1.7 b1.8 b2 b2.2 b

Total Liabilities

2.8 b

Common Stock

12 k13 k

Additional Paid-in Capital

107.1 m137.9 m561.9 m608.6 m

Retained Earnings

117 m162.4 m208 m228.5 m

Total Equity

228.2 m734.1 m792.4 m

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0.1 x

Financial Leverage

8.7 x4.2 x4.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

299.7 m219.9 m219.4 m276.7 m214.7 m213 m264 m300.3 m214.5 m

Accounts Receivable

121.8 m126 m176.6 m178.3 m188.9 m224.6 m226.9 m199.6 m259.1 m

Current Assets

777.1 m715.7 m764 m896.8 m828.6 m858.6 m937.4 m901.8 m1 b

Goodwill

133.1 m172.9 m328.5 m330.5 m382.8 m486.5 m511.8 m508.6 m570.3 m

Total Assets

1.2 b1.2 b1.8 b1.9 b2 b2.2 b2.3 b2.3 b2.6 b

Current Liabilities

727.9 m694.7 m794.5 m904.7 m970.3 m1.2 b1.3 b916.7 m1.1 b

Common Stock

12 k13 k13 k

Additional Paid-in Capital

117.5 m125.3 m519.7 m538.4 m547.2 m569.7 m581.7 m594.7 m612.3 m

Retained Earnings

119.2 m119.7 m167.1 m170 m166.4 m218.3 m208.9 m203.8 m214.8 m

Total Equity

690.3 m686.5 m757.3 m763 m768.3 m788.6 m

Financial Leverage

2.8 x2.9 x2.9 x3.1 x3 x3.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Depreciation and Amortization

28.5 m

Accounts Receivable

181 m

Inventories

(4.8 m)

Cash From Operating Activities

28.3 m361.2 m3 m

Cash From Investing Activities

353.7 m

Dividends Paid

(145 k)

Cash From Financing Activities

457 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Accounts Receivable

121.8 m126 m176.6 m178.3 m188.9 m224.6 m226.9 m199.6 m259.1 m
USDY, 2017

Revenue/Employee

309.4 k

Financial Leverage

3.2 x

BlackHawk Network Market Value History

BlackHawk Network Median Salaries

Source: 103 public H-1B filings from BlackHawk Network

Traffic Overview of BlackHawk Network

BlackHawk Network Online and Social Media Presence

BlackHawk Network Company Life and Culture

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