$429.2 M

BlackHawk Network Revenue Q1, 2018
BlackHawk Network Gross profit (Q1, 2018)405 M
BlackHawk Network Gross profit margin (Q1, 2018), %94.3%
BlackHawk Network Net income (Q1, 2018)-15.8 M
BlackHawk Network EBIT (Q1, 2018)-19.1 M
BlackHawk Network Cash, 24-Mar-2018351.1 M
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BlackHawk Network Funding

Summary Metrics

Founding Date

2001

Time since last funding

4 years ago

BlackHawk Network investors

BlackHawk Network Revenue Breakdown

Embed Graph

BlackHawk Network revenue breakdown by business segment: 15.2% from Incentives & Rewards, 59.3% from U.S. Retail and 25.5% from International

BlackHawk Network Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1b1.4b1.8b1.9b2.2b

Revenue growth, %

27%25%5%

Cost of goods sold

86.4m143.3m170.5m

Gross profit

1.1b1.8b2.1b

Gross profit Margin, %

92%92%92%

Sales and marketing expense

171.6m274.8m330.0m

General and administrative expense

50.8m99.4m113.6m

Operating expense total

968.4m1.7b2.1b

EBIT

83.3m78.7m87.4m23.2m(4.6m)

EBIT margin, %

7%5%5%1%0%

Interest expense

5.6m13.2m

Interest income

241.0k

Pre tax profit

83.5m72.9m72.6m936.0k(37.1m)

Income tax expense

29.9m27.5m26.8m(4.1m)117.8m

Net Income

54.1m45.5m45.6m4.7m(155.8m)

Quarterly

USDQ1, 2013Q3, 2013Q1, 2014Q3, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

185.1m206.0m233.1m269.0m283.9m319.7m372.2m352.7m366.5m391.2m361.6m407.2m463.1m419.3m429.2m

Cost of goods sold

15.9m35.7m36.2m24.3m

Gross profit

169.1m330.7m371.0m405.0m

Gross profit Margin, %

91%90%91%94%

Sales and marketing expense

28.3m30.5m38.8m41.7m45.8m43.6m63.1m50.0m53.3m60.5m52.3m62.8m77.7m58.7m64.2m

General and administrative expense

12.4m10.0m14.6m16.2m10.9m18.7m21.3m22.1m24.3m23.3m22.5m29.0m25.6m24.1m29.3m

Operating expense total

168.8m202.3m237.3m267.4m275.0m308.8m362.0m354.9m333.8m406.2m371.7m388.1m467.5m432.0m424.0m

EBIT

300.0k3.7m(4.2m)1.7m8.9m10.9m10.2m(2.2m)(3.0m)(15.0m)(10.1m)(17.0m)(4.4m)(12.7m)(19.1m)

EBIT margin, %

0%2%(2%)1%3%3%3%(1%)(1%)(4%)(3%)(4%)(1%)(3%)(4%)

Interest expense

1.0k45.0k1.1m956.0k2.8m2.6m3.2m4.1m5.7m7.1m7.4m

Interest income

277.0k

Pre tax profit

577.0k3.8m765.0k8.3m7.9m(6.7m)(23.1m)(27.1m)

Income tax expense

318.0k1.5m(1.8m)352.0k3.3m2.6m5.1m(3.3m)(3.2m)(7.3m)(8.4m)(9.8m)(4.6m)(11.9m)(11.5m)

Net Income

346.0k(3.6m)(13.5m)(15.8m)

BlackHawk Network Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

550.4m911.6m914.6m1.0b1.1b

Accounts Receivable

126.4m181.4m241.7m262.7m185.0m

Prepaid Expenses

67.5m165.4m

Inventories

Current Assets

1.6b1.8b1.9b2.1b2.6b

PP&E

79.7m172.6m

Goodwill

133.5m331.3m402.5m570.4m563.4m

Total Assets

2.0b2.5b3.1b3.6b4.1b

Accounts Payable

99.5m193.3m156.2m

Short-term debt

11.2m10.7m

Current Liabilities

1.7b1.8b2.0b2.2b2.8b

Long-term debt

429.0m202.4m

Total Debt

429.0m644.1m

Total Liabilities

1.8b2.8b3.5b

Common Stock

13.0k56.0k

Preferred Stock

Additional Paid-in Capital

107.1m137.9m561.9m608.6m649.5m

Retained Earnings

117.0m162.4m208.0m228.5m72.6m

Total Equity

228.2m734.1m792.4m670.0m

Debt to Equity Ratio

0.5 x1 x

Debt to Assets Ratio

0.1 x0.2 x

Financial Leverage

8.7 x4.2 x4.5 x6.2 x

Quarterly

USDQ1, 2013Q3, 2013Q1, 2014Q3, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

75.0m103.5m134.8m219.9m299.7m219.4m276.7m214.7m213.0m264.0m300.3m214.5m295.1m304.9m351.1m

Accounts Receivable

88.3m91.6m117.6m126.0m121.8m176.6m178.3m188.9m224.6m226.9m199.6m259.1m262.6m226.1m152.3m

Prepaid Expenses

43.9m100.4m177.5m158.3m

Current Assets

408.0m440.2m521.9m715.7m777.1m764.0m896.8m828.6m858.6m937.4m901.8m1.0b1.2b1.2b1.1b

PP&E

67.1m166.2m173.4m172.1m

Goodwill

42.7m42.7m133.6m172.9m133.1m328.5m330.5m382.8m486.5m511.8m508.6m570.3m572.9m656.3m565.9m

Total Assets

589.9m648.0m914.0m1.2b1.2b1.8b1.9b2.0b2.2b2.3b2.3b2.6b2.7b2.9b2.7b

Accounts Payable

116.9m108.6m105.5m143.9m125.1m

Short-term debt

8.7m8.7m270.5m21.8m14.9m

Current Liabilities

441.2m460.5m652.0m694.7m727.9m794.5m904.7m970.3m1.2b1.3b916.7m1.1b1.3b1.4b1.3b

Long-term debt

268.6m425.8m130.6m434.9m437.8m258.3m

Total Debt

8.7m8.7m268.6m425.8m431.9m434.9m437.8m703.0m

Total Liabilities

492.6m486.5m684.1m912.6m927.3m1.1b1.2b1.3b1.5b1.6b1.5b1.8b1.9b2.1b2.0b

Common Stock

51.0k11.0k12.0k13.0k12.0k13.0k57.0k56.0k57.0k

Preferred Stock

Additional Paid-in Capital

32.8m95.2m112.5m125.3m117.5m519.7m538.4m547.2m569.7m581.7m594.7m612.3m626.7m638.0m670.8m

Retained Earnings

29.2m69.1m114.1m119.7m119.2m167.1m170.0m166.4m218.3m208.9m203.8m214.8m208.5m200.5m62.1m

Total Equity

61.1m161.5m229.9m690.3m686.5m757.3m763.0m768.3m788.6m804.6m827.8m688.6m

Debt to Equity Ratio

0.4 x0.5 x1 x

Debt to Assets Ratio

0.1 x0.2 x0.3 x

Financial Leverage

9.7 x4 x4 x2.8 x2.9 x2.9 x3.1 x3 x3.2 x3.4 x3.5 x4 x

BlackHawk Network Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

53.7m5.0m(154.9m)

Depreciation and Amortization

49.5m91.1m98.5m

Accounts Receivable

(21.3m)181.0m(13.0m)44.9m

Inventories

Accounts Payable

27.2m(14.8m)8.7m

Cash From Operating Activities

28.3m361.2m3.0m185.2m345.5m

Purchases of PP&E

(30.0m)(52.3m)(64.6m)

Cash From Investing Activities

353.7m(289.8m)(289.1m)

Short-term Borrowings

(3.0b)(3.0b)

Long-term Borrowings

(472.7m)(18.6m)

Dividends Paid

(145.0k)(207.0k)(455.0k)

Cash From Financing Activities

457.0k204.1m15.5m

Net Change in Cash

377.7m93.5m88.1m

Interest Paid

12.8m18.0m

Income Taxes Paid

29.7m(2.9m)2.6m

Quarterly

USDQ1, 2013Q3, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017Q1, 2017Q1, 2018

Net Income

346.0k(3.5m)(13.4m)(15.6m)

Depreciation and Amortization

4.7m18.2m21.6m23.9m

Accounts Receivable

21.1m126.0m121.8m176.6m178.3m188.9m18.1m226.9m199.6m(7.7m)29.8m

Accounts Payable

(35.2m)(27.4m)(4.2m)(27.1m)

Cash From Operating Activities

(541.8m)(747.7m)(766.1m)(853.1m)

Purchases of PP&E

(6.1m)(9.2m)(16.7m)(15.8m)

Cash From Investing Activities

448.8m(122.3m)(32.8m)(16.8m)

Short-term Borrowings

(521.8m)(653.8m)(127.5m)

Long-term Borrowings

(46.5m)(10.0m)(15.0m)

Dividends Paid

(83.0k)

Cash From Financing Activities

(2.3m)166.9m(1.0m)50.7m

Net Change in Cash

(97.6m)(701.6m)(793.6m)(810.7m)

BlackHawk Network Ratios

USDQ1, 2013

Financial Leverage

9.7 x

BlackHawk Network Operating Metrics

BlackHawk Network's Transaction Volume was reported to be $16.7b in FY, 2016.
FY, 2015Q1, 2015Q2, 2015Q3, 2015FY, 2016Q1, 2016Q2, 2016Q3, 2016

Content Providers

600900

Countries

2226

Distribution Sites

198 k244 k

Patent Applications

120150

Patents Issued

5070

Transaction Volume

$13.54 b$3.11 b$3.38 b$3.17 b$16.72 b$3.17 b$3.39 b$3.21 b

BlackHawk Network Employee Rating

3.4574 votes
Culture & Values
3.2
Work/Life Balance
3.4
Senior Management
2.9
Salary & Benefits
3.1
Career Opportunities
3
Source