Total System Services Gross profit (Q1, 2019)402.3 M

Total System Services Gross profit margin (Q1, 2019), %38.9%

Total System Services Net income (Q1, 2019)161.6 M

Total System Services EBIT (Q1, 2019)223.3 M

Total System Services Cash, 31-Mar-2019494.6 M

Total System Services revenue was $4.03 b in FY, 2018 which is a 18.3% year over year decrease from the previous period.

Total System Services revenue breakdown by business segment: 33.6% from Merchant Services, 20.0% from Consumer Solutions and 46.4% from Issuer Solutions

Total System Services revenue breakdown by geographic segment: 80.4% from United States, 9.3% from Europe, 8.1% from Canada and 2.2% from Other

USD | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|

## Revenue | 2.8b | 4.2b | 4.9b | 4.0b |

| 14% | 50% | 18% | (18%) |

## Cost of goods sold | 1.9b | 3.0b | 3.6b | 2.5b |

## Gross profit | 924.4m | 1.2b | 1.4b | 1.5b |

| 33% | 28% | 27% | 38% |

## General and administrative expense | 390.3m | 603.6m | 616.6m | 713.0m |

## Operating expense total | 390.3m | 603.6m | 616.6m | 713.0m |

## EBIT | 534.1m | 573.4m | 734.0m | 822.7m |

| 19% | 14% | 15% | 20% |

## Pre tax profit | 493.6m | 299.9m | 617.6m | 659.8b |

## Income tax expense | 151.4m | 26.1m | 65.9m | 127.0m |

## Net Income | 364.0m | 319.6m | 592.2m | 577.9m |

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 739.4m | 1.2b | 1.1b | 1.2b | 1.2b | 1.2b | 987.2m | 1.0b | 1.0b | 1.0b |

## Cost of goods sold | 484.5m | 841.9m | 840.3m | 861.9m | 877.9m | 898.5m | 613.4m | 617.8m | 624.4m | 632.2m |

## Gross profit | 254.9m | 309.7m | 306.6m | 322.9m | 344.5m | 349.1m | 373.8m | 389.8m | 391.0m | 402.3m |

| 34% | 27% | 27% | 27% | 28% | 28% | 38% | 39% | 39% | 39% |

## General and administrative expense | 103.2m | 173.8m | 151.3m | 155.7m | 151.2m | 149.4m | 185.5m | 181.1m | 175.0m | 179.0m |

## Operating expense total | 103.2m | 173.8m | 151.3m | 155.7m | 151.2m | 149.4m | 185.5m | 181.1m | 175.0m | 811.3m |

## EBIT | 151.7m | 135.8m | 155.3m | 167.2m | 193.2m | 199.7m | 188.3m | 208.7m | 216.0m | 223.3m |

| 21% | 12% | 14% | 14% | 16% | 16% | 19% | 21% | 21% | 22% |

## Pre tax profit | 129.6m | 106.1m | 125.0m | 137.3m | 163.2m | 170.9m | 150.6m | 167.5m | 174.7m | |

## Income tax expense | 43.4m | 40.3m | 44.2m | 43.1m | 56.2m | 54.6m | 18.1m | 37.4m | 31.1m | 29.9m |

## Net Income | 90.6m | 69.7m | 85.4m | 105.9m | 115.0m | 123.1m | 143.1m | 142.4m | 156.0m | 161.6m |

USD | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|

## Cash | 389.3m | 425.4m | 450.4m | 471.2m |

## Accounts Receivable | 314.7m | 432.8m | 412.3m | 452.3m |

## Prepaid Expenses | 38.0m | 84.2m | 65.2m | 48.1m |

## Inventories | 15.1m | 17.1m | 17.1m | 18.1m |

## Current Assets | 858.2m | 1.0b | 1.1b | 1.1b |

## PP&E | 289.9m | 282.3m | 325.2m | 383.1m |

## Goodwill | 1.5b | 3.3b | 3.3b | 4.1b |

## Total Assets | 3.9b | 6.4b | 6.3b | 7.5b |

## Accounts Payable | 52.2m | 38.7m | 62.3m | 98.0m |

## Short-term debt | 53.5m | 50.7m | 565.8m | 29.1m |

## Current Liabilities | 338.9m | 420.4m | 989.1m | 515.6m |

## Long-term debt | 1.4b | 3.3b | 2.6b | 3.9b |

## Total Debt | 1.4b | 3.4b | 3.2b | 3.9b |

## Total Liabilities | 2.0b | 4.2b | 4.0b | 4.9b |

## Common Stock | 20.3m | 20.3m | 20.3m | 20.3m |

## Additional Paid-in Capital | 241.9m | 279.6m | 162.8m | 189.9m |

## Retained Earnings | 2.3b | 2.5b | 3.0b | 3.5b |

## Total Equity | 1.8b | 2.1b | 2.2b | 2.6b |

## EPS | 2.0 | 1.7 | 3.2 | 3.1 |

## Debt to Equity Ratio | 0.8 x | 1.6 x | 1.4 x | 1.5 x |

## Debt to Assets Ratio | 0.4 x | 0.5 x | 0.5 x | 0.5 x |

## Financial Leverage | 2.1 x | 3 x | 2.8 x | 2.9 x |

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 |
---|---|---|---|---|---|---|---|---|---|---|

## Cash | 1.9b | 465.3m | 446.9m | 464.7m | 427.6m | 413.6m | 493.2m | 460.0m | 484.6m | 494.6m |

## Accounts Receivable | 349.3m | 439.7m | 413.9m | 405.7m | 442.1m | (24.6m) | 420.1m | 440.9m | 485.7m | |

## Prepaid Expenses | 49.8m | 54.8m | 55.1m | 80.6m | 81.5m | 69.7m | 63.8m | 59.3m | 43.5m | |

## Inventories | 15.2m | 15.8m | 13.5m | 15.7m | 14.0m | 13.2m | 17.5m | 19.3m | 19.4m | |

## Current Assets | 2.4b | 1.0b | 984.9m | 1.1b | 1.0b | 998.8m | 1.2b | 1.1b | 1.2b | 1.2b |

## PP&E | 283.9m | 286.8m | 281.7m | 281.4m | 280.6m | 282.5m | 360.1m | 363.3m | 372.9m | |

## Goodwill | 1.5b | 3.3b | 3.3b | 3.3b | 3.3b | 3.3b | 4.1b | 4.1b | 4.1b | 4.1b |

## Total Assets | 5.4b | 6.5b | 6.4b | 6.4b | 6.3b | 6.2b | 7.5b | 7.5b | 7.5b | 7.8b |

## Accounts Payable | 44.5m | 34.4m | 36.7m | 45.7m | 53.1m | 53.5m | 66.1m | 63.3m | 59.8m | 73.1m |

## Short-term debt | 21.6m | 49.1m | 43.2m | 33.1m | 575.0m | 565.7m | 815.6m | 21.3m | 21.2m | |

## Current Liabilities | 283.7m | 363.5m | 369.5m | 452.3m | 943.2m | 971.7m | 1.2b | 445.6m | 467.2m | 565.4m |

## Long-term debt | 2.9b | 3.6b | 3.4b | 3.2b | 2.6b | 2.4b | 3.3b | 4.1b | 3.9b | |

## Total Debt | 2.9b | 3.6b | 3.5b | 3.3b | 3.1b | 3.0b | 4.1b | 4.1b | 3.9b | |

## Total Liabilities | 3.5b | 4.5b | 4.3b | 4.2b | 4.0b | 3.8b | 5.0b | 5.0b | 4.8b | 5.4b |

## Common Stock | 20.3m | 20.3m | 25.1m | 20.3m | 20.3m | 20.3m | 20.3m | 20.3m | 20.3m | |

## Additional Paid-in Capital | 240.2m | 256.0m | 270.1m | 224.4m | 238.1m | 249.4m | 154.9m | 165.1m | 178.2m | 191.9m |

## Retained Earnings | 2.3b | 2.4b | 2.4b | 2.6b | 2.7b | 2.8b | 3.1b | 3.2b | 3.4b | 3.6b |

## Total Equity | 1.9b | 2.0b | 2.1b | 2.1b | 2.3b | 2.4b | 2.4b | 2.5b | 2.6b | 2.4b |

## Debt to Equity Ratio | 1.5 x | 1.8 x | 1.7 x | 1.5 x | 1.4 x | 1.3 x | 1.7 x | 1.6 x | 1.5 x | |

## Debt to Assets Ratio | 0.5 x | 0.6 x | 0.5 x | 0.5 x | 0.5 x | 0.5 x | 0.5 x | 0.5 x | 0.5 x | |

## Financial Leverage | 2.8 x | 3.3 x | 3.1 x | 3 x | 2.8 x | 2.6 x | 3.1 x | 3 x | 2.8 x | 3.3 x |

USD | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|

## Net Income | 369.0m | 326.0m | 592.2m | 577.9m |

## Depreciation and Amortization | 258.3m | 373.5m | 405.9m | 408.6m |

## Accounts Receivable | (39.2m) | (73.2m) | (29.7m) | (34.8m) |

## Accounts Payable | (4.0m) | (12.6m) | 17.7m | 2.7m |

## Cash From Operating Activities | 600.2m | 718.0m | 856.5m | 1.0b |

## Purchases of PP&E | (54.6m) | (51.1m) | (70.0m) | (113.3m) |

## Cash From Investing Activities | (202.2m) | (2.5b) | (198.7m) | (1.3b) |

## Long-term Borrowings | (54.7m) | (724.1m) | (421.3m) | (2.8b) |

## Dividends Paid | (78.7m) | (778.9m) | (85.0m) | (94.6m) |

## Cash From Financing Activities | (290.8m) | 1.8b | (638.7m) | 282.5m |

## Net Change in Cash | 100.1m | 36.0m | 25.0m | 22.9m |

## Interest Paid | 40.4m | 84.4m | 112.7m | 154.5m |

## Income Taxes Paid | 171.5m | 87.4m | 269.1m | 78.5m |

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 |
---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 92.4m | 164.2m | 251.6m | 107.1m | 223.6m | 348.3m | 143.1m | 285.5m | 441.5m | 161.6m |

## Depreciation and Amortization | 67.6m | 172.6m | 271.5m | 104.2m | 203.5m | 303.8m | 104.4m | 208.7m | 310.0m | 103.7m |

## Accounts Receivable | (37.0m) | (28.4m) | (48.5m) | 25.8m | (12.1m) | (24.6m) | 9.0m | (17.5m) | (62.8m) | (40.8m) |

## Accounts Payable | (4.2m) | (17.5m) | (15.1m) | 6.8m | 13.2m | 14.4m | 2.3m | (3.4m) | (3.8m) | 918.0k |

## Cash From Operating Activities | 145.8m | 339.0m | 551.0m | 260.2m | 400.8m | 652.0m | 211.9m | 470.6m | 752.5m | 227.6m |

## Purchases of PP&E | (9.9m) | (20.7m) | (32.1m) | (12.2m) | (26.7m) | (42.6m) | (22.1m) | (48.6m) | (77.8m) | (19.4m) |

## Cash From Investing Activities | (44.4m) | (2.4b) | (2.5b) | (32.8m) | (66.3m) | (110.8m) | (1.1b) | (1.1b) | (1.2b) | (82.8m) |

## Long-term Borrowings | (304.7m) | (436.0m) | (618.6m) | (104.7m) | (234.1m) | (415.8m) | (129.0m) | (2.6b) | (2.8b) | |

## Dividends Paid | (18.3m) | (40.5m) | (59.2m) | (19.1m) | (40.6m) | (60.4m) | (23.5m) | (51.0m) | (74.7m) | |

## Cash From Financing Activities | 1.4b | 2.2b | 2.0b | (189.5m) | (335.7m) | (558.6m) | 913.9m | 686.7m | 483.7m | (124.3m) |

## Net Change in Cash | 1.5b | 76.0m | 57.6m | 39.4m | 2.2m | (11.7m) | 42.9m | 9.7m | 35.3m | |

## Interest Paid | 2.6m | 81.8m | 74.8m | 36.6m | 57.4m | 93.2m | 42.0m | 71.8m | 113.1m | 10.6m |

## Income Taxes Paid | (418.0k) | 26.1m | 58.9m | 3.0m | 121.6m | 194.4m | 2.9m | 21.5m | 59.1m |

USD | Y, 2019 |
---|---|

## Financial Leverage | 3.3 x |