Heartland Payment Systems

Heartland Payment Systems, Inc. (NYSE: HPY), one of the largest payment processors in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive breach warranty. Heartland also offers point of sale, mobile commerce, e-Commerce, marketing solutions, payroll solutions, and related business solutions and services to more than 300,000 business and educational locations nationwide. A FORTUNE 1000 company, Heartland is the founding supporter of the Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. Heartland also established the Sales Professional Bill of Rights to advocate for the rights of sales professionals everywhere.

Type

Public

Princeton, US

Size (employees)

4,272 (est)

Website

heartlandpaymentsystems.com

Heartland Payment Systems is headquartered in Princeton, US

Heartland Payment Systems Office Locations

Heartland Payment Systems has an office in Princeton

Princeton, US (HQ)

90 Nassau St

Heartland Payment Systems Data and Metrics

Heartland Payment Systems Financial Metrics

Heartland Payment Systems's revenue was reported to be $2.7 b in FY, 2015 which is a 16% increase from the previous period.

Summary

USD

Income Statement

USD	FY, 2013	FY, 2014	FY, 2015
Revenue	2.1 b	2.3 b	2.7 b
Revenue growth, %		8%	16%
Cost of goods sold	1.8 b	2 b
Gross profit	299.7 m	310 m	389.6 m
Gross profit Margin, %	14%	13%	15%
General and administrative expense	173.6 m	190.6 m
Operating expense total	2 b	2.2 b	244 m
EBIT	126.1 m	82.1 m	145.5 m
EBIT margin, %	6%	4%	5%
Interest expense	5.4 m	8.1 m	14.2 m
Interest income	124 k	125 k	105 k
Pre tax profit	120.6 m	73.7 m	138.1 m
Income tax expense	46.5 m	41.9 m	53.3 m
Net Income	78.1 m	31.9 m	84.7 m

Balance Sheet

USD	FY, 2013	FY, 2014	FY, 2015
Cash	71.9 m	70.8 m	56.5 m
Inventories	11.1 m	12 m	12.9 m
Current Assets	449.8 m	540.6 m	592.2 m
PP&E	147.4 m	154.3 m	166.7 m
Goodwill	191 m	425.7 m	490 m
Total Assets	900.3 m	1.4 b	1.5 b
Accounts Payable	70.8 m	58.5 m	70.4 m
Current Liabilities	412 m	525.4 m	660.6 m
Additional Paid-in Capital	245.1 m	255.9 m	270.8 m
Retained Earnings	36 m	(5.1 m)	65 m
Total Equity	266.7 m	250.8 m	335.8 m
Financial Leverage	3.4 x	5.5 x	4.6 x

Cash Flow

USD	FY, 2013	FY, 2014	FY, 2015
Net Income	78.1 m	31.9 m	84.7 m
Depreciation and Amortization			45.3 m
Inventories	(1.3 m)	(890 k)	(1.3 m)
Accounts Payable	2.1 m	(11.4 m)	9.6 m
Cash From Operating Activities	112.1 m	93 m	189.8 m
Purchases of PP&E	(52.9 m)
Capital Expenditures		(54.9 m)	(54.3 m)
Cash From Investing Activities	(52 m)	(447.2 m)	(123.7 m)
Cash From Financing Activities	(38.8 m)	353.1 m	(80.4 m)
Interest Paid	4.6 m	6.8 m	12.8 m
Income Taxes Paid	38.8 m	30.5 m	27.5 m
Free Cash Flow		147.9 m	244.1 m