FleetCor

FLEETCOR is an independent global provider of specialized payment products and services including fleet cards, food cards, corporate lodging discount cards and other specialized payment services for businesses throughout the world. The Company sells a range of customized fleet and lodging payment programs directly and indirectly to its customers through partners, such as major oil companies, leasing companies and petroleum marketers. It provides its customers with various card products that typically function like a charge card to purchase fuel, lodging, food, toll, transportation and related products and services at participating locations. FLEETCOR supports these cards with specialized issuing, processing and information services that enable it to manage card accounts, facilitate the routing, authorization, clearing and settlement of transactions, and provide value-added functionality and data, including customizable card-level controls and productivity analysis tools. 

Company Growth (employees)
Type
Public
HQ
Norcross, US
Founded
2000
Size (employees)
7,100 (est)
FleetCor was founded in 2000 and is headquartered in Norcross, US

Key People at FleetCor

Eric R. Dey

Eric R. Dey

Chief Financial Officer
Andrew R. Blazye

Andrew R. Blazye

President - International Corporate Development
John S. Coughlin

John S. Coughlin

EVP of Corporate Development

FleetCor Office Locations

FleetCor has offices in Norcross, Wichita, Atlanta, West Midlands and in 3 other locations
Norcross, US (HQ)
5445 Triangle Pkwy NW, Suite 400
London, GB
64-65 Vincent Square
Praha , CZ
5 497 Chlumčanského
North Yorkshire, GB
St. James Business Park 9 Grimbald Crag Cl
West Midlands, GB
Queen St
Atlanta, US
1200 Lake Hearn Dr NE, Suite 500

FleetCor Data and Metrics

FleetCor Financial Metrics

FleetCor's revenue was reported to be $1.8 b in FY, 2016
USD

Net income (Q1, 2017)

123.7 m

Market capitalization (17-Aug-2017)

13.4 b

Cash (31-Mar-2017)

546.6 m
FleetCor's current market capitalization is $13.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

895.2 m1.2 b1.7 b1.8 b

Revenue growth, %

34%42%8%

Gross profit

885.9 m1.2 b1.6 b

Gross profit Margin, %

99%99%95%

General and administrative expense

283.6 m

Operating expense total

283.6 m

EBIT

420.6 m565.4 m725.2 m754.2 m

EBIT margin, %

47%47%43%41%

Interest expense

71.3 m71.9 m

Pre tax profit

536 m642.9 m

Income tax expense

173.6 m190.5 m

Net Income

284.5 m368.7 m362.4 m452.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

404.6 m451.5 m414.3 m417.9 m

General and administrative expense

63 m64.4 m67.6 m63.6 m

Operating expense total

63 m64.4 m67.6 m63.6 m

EBIT

169.2 m188.5 m176 m171.2 m

EBIT margin, %

42%42%42%41%

Interest expense

18.1 m17.2 m16.2 m15.9 m

Pre tax profit

145.3 m165.4 m156.9 m162.3 m

Income tax expense

46.6 m48.6 m46.9 m48.2 m

Net Income

163.7 m259.2 m94.2 m192.8 m309.6 m110 m224.2 m357 m123.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

338.1 m477.1 m447.2 m475 m

Accounts Receivable

573.4 m673.8 m639 m164.9 m

Inventories

40.1 m74.9 m68.7 m90.9 m

Current Assets

1.4 b2.1 b1.9 b2.5 b

Goodwill

1.6 b3.8 b3.5 b4.2 b

Total Assets

3.9 b8.7 b7.9 b9.6 b

Accounts Payable

467.2 m716.7 m669.5 m1.2 b

Current Liabilities

1.9 b2.9 b2.2 b3.3 b

Non-Current Liabilities

779.4 m3 b2.8 b3.2 b

Total Liabilities

2.7 b5.9 b5.1 b6.5 b

Additional Paid-in Capital

631.7 m1.9 b2 b2.1 b

Retained Earnings

1 b1.4 b1.8 b2.2 b

Total Equity

1.2 b2.8 b2.8 b3.1 b

Financial Leverage

3.2 x3.2 x2.8 x3.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

297.6 m304.1 m379.4 m384.2 m422.4 m399.3 m493.1 m405.4 m546.6 m

Accounts Receivable

688.5 m715.7 m773.5 m811.5 m732 m880.8 m908.4 m1.3 b1.4 b

Current Assets

1.5 b1.5 b2.1 b2.2 b2 b2.1 b2.4 b2.7 b2.9 b

Goodwill

1.6 b1.6 b3.8 b3.8 b3.7 b3.6 b3.6 b4.2 b4.2 b

Total Assets

4.3 b4.2 b8.5 b8.6 b8.3 b8 b8.3 b9.9 b10 b

Accounts Payable

573.5 m612.7 m775.9 m815.5 m760.4 m796.8 m904.2 m1.2 b1.2 b

Current Liabilities

2 b1.9 b2.8 b2.7 b2.4 b2.2 b2.4 b3.5 b3.5 b

Non-Current Liabilities

749.9 m736.9 m3 b2.9 b2.9 b2.8 b2.8 b3.3 b3.2 b

Additional Paid-in Capital

676.9 m733.1 m1.9 b1.9 b1.9 b2 b2 b2.1 b2.1 b

Retained Earnings

1.2 b1.3 b1.5 b1.6 b1.7 b1.9 b2 b2.1 b2.3 b

Total Equity

1.5 b1.6 b2.8 b2.9 b3 b3 b3.1 b3.2 b3.3 b

Financial Leverage

2.9 x2.7 x3.1 x2.9 x2.8 x2.7 x2.7 x3.1 x3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

284.5 m368.7 m362.4 m452.4 m

Depreciation and Amortization

66.2 m107.2 m190.2 m203.3 m

Accounts Receivable

(45 m)246 m40 m(338.8 m)

Inventories

(74 k)2.8 m(13 m)5.3 m

Cash From Operating Activities

375.7 m608.3 m754.6 m705.9 m

Purchases of PP&E

(20.8 m)(27.1 m)(41.9 m)(59 m)

Cash From Investing Activities

(749.1 m)(2.6 b)(99.4 m)(1.4 b)

Short-term Borrowings

(28.1 m)(546.9 m)(103.5 m)(118.5 m)

Cash From Financing Activities

435.7 m2.2 b(648.1 m)754 m

Interest Paid

25.9 m29.1 m72.5 m70.3 m

Income Taxes Paid

99.3 m79.1 m83.4 m102 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

163.7 m259.2 m94.2 m192.8 m309.6 m110 m224.2 m357 m123.7 m

Depreciation and Amortization

46.2 m70.5 m47.3 m95.3 m143 m35.3 m82.4 m138.2 m63.3 m

Accounts Receivable

(197.7 m)(137.9 m)(114.4 m)(233.5 m)(71.3 m)(182.8 m)(392.5 m)(527.3 m)(236.6 m)

Cash From Operating Activities

157.7 m317.5 m67.4 m198.4 m524.5 m121.5 m208.9 m404.3 m54.2 m

Purchases of PP&E

(11.6 m)(18.3 m)(8.1 m)(16.2 m)(29.5 m)(11.7 m)(24.8 m)(41.9 m)(14.8 m)

Cash From Investing Activities

(201.4 m)(280.2 m)(9 m)(24.2 m)(46.5 m)(20.7 m)(37.9 m)(1.4 b)(21.1 m)

Short-term Borrowings

(13.8 m)(20.6 m)(25.9 m)(51.8 m)(77.6 m)(25.9 m)(51.8 m)(85.1 m)(33.4 m)

Cash From Financing Activities

1.8 m(56.2 m)(142.6 m)(253.3 m)(502.3 m)(157.4 m)(118.3 m)976.4 m19.1 m

Interest Paid

12.8 m19.2 m21.3 m38.9 m56 m15.3 m30.4 m48.5 m33.2 m

Income Taxes Paid

52.7 m63.6 m16 m30.2 m47.3 m11.8 m64.3 m79.6 m88.5 m
Y, 2017

Financial Leverage

3 x

FleetCor Market Value History

FleetCor Median Salaries

Source: 20 public H-1B filings from FleetCor

Traffic Overview of FleetCor

FleetCor Online and Social Media Presence

FleetCor Company Life and Culture

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