Verifone Systems

Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting more than 29 million payment devices to the cloud – merging the online and in-store experience and creating the next generation of digital engagement between merchants and consumers. We are built on a 30-year history of uncompromised security. Our people are known as trusted experts that work with our clients and partners, helping to solve their most complex payment challenges. We have clients and partners in more than 150 countries, including the world’s best-known retail brands, financial institutions and payment providers.

Type
Public
HQ
San Jose, US
Founded
1981
Size (employees)
5,900 (est)+10%
Verifone Systems was founded in 1981 and is headquartered in San Jose, US

Verifone Systems Office Locations

Verifone Systems has an office in San Jose
San Jose, US (HQ)
88 W Plumeria Dr

Verifone Systems Data and Metrics

Verifone Systems Financial Metrics

Verifone Systems's revenue was reported to be $473.7 m in Q2, 2017
USD

Revenue (Q2, 2017)

473.7 m

Net income (Q2, 2017)

(89.7 m)

EBIT (Q2, 2017)

(81.4 m)

Market capitalization (17-Aug-2017)

2.1 b

Cash (30-Apr-2017)

134.5 m
Verifone Systems's current market capitalization is $2.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.7 b1.9 b2 b2 b

Revenue growth, %

10%7%(0%)

Sales and marketing expense

196.6 m217.5 m227.5 m217 m

R&D expense

173.3 m203.7 m201.6 m207.5 m

General and administrative expense

181.1 m208.7 m206.2 m204.6 m

Operating expense total

711.5 m718.8 m719 m761.5 m

EBIT

(66.4 m)5.9 m107 m32.8 m

EBIT margin, %

(4%)0%5%2%

Interest expense

(44.3 m)(42.5 m)(31.5 m)(34.6 m)

Interest income

(44.3 m)(42.5 m)

Pre tax profit

(107 m)(39.9 m)72.9 m1.8 m

Income tax expense

188 m(3.4 m)(7.4 m)11.5 m

Net Income

(296.1 m)(38.1 m)80.4 m(9.7 m)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

475.9 m486.2 m490.1 m509.9 m513.5 m526.3 m488.1 m453.9 m473.7 m

Sales and marketing expense

54.1 m57.4 m55.4 m56.6 m54.9 m59 m52.8 m49.5 m50.9 m

R&D expense

53.2 m48.9 m47.6 m54.2 m51.7 m54.7 m52.4 m56.8 m51.8 m

General and administrative expense

58.4 m47.4 m49.5 m55.4 m52.8 m54.9 m49.8 m50.8 m46.8 m

Operating expense total

165.8 m153.7 m152.4 m166.3 m159.4 m168.6 m155 m157.1 m149.5 m

EBIT

(7.5 m)23.2 m29.7 m20.3 m36.2 m19.8 m(22.3 m)(4.4 m)(81.4 m)

EBIT margin, %

(2%)5%6%4%7%4%(5%)(1%)(17%)

Interest expense

(14.4 m)(7.9 m)(7.4 m)(8.2 m)(8.3 m)(8.5 m)(9 m)(8.1 m)(8.2 m)

Interest income

(14.4 m)(7.9 m)(7.4 m)(8.2 m)

Pre tax profit

(22.4 m)15.5 m19.1 m11.5 m25.7 m6.4 m(31.2 m)(14.8 m)(80.8 m)

Income tax expense

5.7 m1.4 m1.4 m1.5 m2 m3.1 m286 k2.9 m8.9 m

Net Income

(67.8 m)14.1 m31.8 m41.9 m23.7 m27.1 m(4.4 m)(17.7 m)(89.7 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

268.2 m250.2 m208.9 m148.4 m

Accounts Receivable

187.9 m13.9 m

Inventories

138.7 m124.3 m129.7 m175.2 m

Current Assets

825 m785.6 m782.3 m757.4 m

PP&E

202.3 m

Goodwill

1.3 b1.2 b1.1 b1.1 b

Total Assets

3 b2.7 b2.5 b2.5 b

Accounts Payable

116.5 m161.2 m189.4 m154.6 m

Total Debt

859.9 m

Current Liabilities

587.7 m492.4 m541.2 m538.8 m

Total Liabilities

1.6 b

Additional Paid-in Capital

1.6 b1.7 b1.7 b1.8 b

Retained Earnings

(500.1 m)(538.2 m)(535.7 m)(618.3 m)

Total Equity

1.2 b1 b934.4 m848.4 m

Debt to Equity Ratio

1 x

Debt to Assets Ratio

0.3 x

Financial Leverage

2.6 x2.6 x2.6 x2.9 x
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

263.8 m240.6 m234.2 m242.1 m185.7 m156.6 m156.6 m147 m134.5 m

Inventories

112.7 m137.6 m129.4 m121.8 m136.7 m154.6 m183.1 m155.9 m141.7 m

Current Assets

791 m769.4 m804.8 m798 m797.3 m840.6 m846.3 m731 m806.5 m

PP&E

203.3 m217.2 m195.5 m202.7 m130.5 m

Goodwill

1.2 b1.1 b1.1 b1.1 b1.1 b1.2 b1.1 b1.1 b1.1 b

Total Assets

2.8 b2.5 b2.5 b2.5 b2.5 b2.7 b2.6 b2.4 b2.4 b

Accounts Payable

142.9 m146.3 m170.9 m150.1 m185.3 m217.5 m191.8 m133.4 m154.9 m

Current Liabilities

515 m462.1 m494.4 m481.8 m546.8 m614.2 m592.9 m515.2 m584.7 m

Additional Paid-in Capital

1.7 b1.7 b1.7 b1.7 b1.7 b1.7 b1.8 b1.8 b1.8 b

Retained Earnings

(569.3 m)(524.4 m)(506.8 m)(497.3 m)(585.6 m)(582.7 m)(613.8 m)(635 m)(724.2 m)

Total Equity

1.1 b924.8 m928 m939.9 m856.7 m931.4 m865 m841.9 m775.2 m

Financial Leverage

2.6 x2.7 x2.7 x2.6 x3 x2.9 x3 x2.9 x3.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(296.1 m)(38.1 m)80.4 m(9.7 m)

Depreciation and Amortization

179.2 m

Accounts Receivable

84.3 m(29.5 m)(75.4 m)59.6 m

Inventories

26.8 m9.5 m(16.4 m)(45.7 m)

Accounts Payable

(77 m)47.4 m41.2 m(39.6 m)

Cash From Operating Activities

236.5 m199.1 m249.3 m193.7 m

Purchases of PP&E

(77.5 m)(85 m)

Capital Expenditures

(106.5 m)(105.3 m)

Cash From Investing Activities

(144.7 m)(77.9 m)(128.4 m)(275.2 m)

Long-term Borrowings

(198.3 m)(453.1 m)

Cash From Financing Activities

(277.4 m)(128.1 m)(133.6 m)24.4 m

Interest Paid

37.4 m32.3 m27.3 m29.8 m

Income Taxes Paid

20.5 m

Free Cash Flow

142.8 m88.4 m
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(67.8 m)14.1 m31.8 m41.9 m23.7 m27.1 m(4.4 m)(17.7 m)(89.7 m)

Depreciation and Amortization

40.9 m

Accounts Receivable

(17.2 m)9.4 m(35.2 m)(33.4 m)10.5 m(12.6 m)13.5 m(516 k)

Inventories

24.6 m(19.1 m)(11.7 m)(6.7 m)(8.3 m)(23.4 m)(53.3 m)19.4 m141.7 m

Accounts Payable

24.3 m(11.6 m)17.3 m(189 k)(4.2 m)26 m(2.3 m)(20.2 m)154.9 m

Cash From Operating Activities

147.4 m41.1 m97.4 m168.8 m63.2 m114.1 m126.7 m44.7 m

Purchases of PP&E

(62.8 m)(19.6 m)(48.9 m)(78.5 m)

Capital Expenditures

(30.6 m)(58.3 m)(82.3 m)(19.5 m)

Cash From Investing Activities

(60.4 m)(19.6 m)(59.8 m)(92 m)(129.6 m)(228 m)(252.6 m)(18.4 m)

Long-term Borrowings

(93 m)(238.6 m)(333.9 m)86.1 m

Cash From Financing Activities

(89.1 m)(16.4 m)(32.9 m)(60.1 m)50.2 m61 m75.8 m(26.9 m)

Free Cash Flow

32.6 m55.8 m44.5 m25.2 m
Y, 2017

Financial Leverage

3.1 x

Verifone Systems Operating Metrics

Verifone Systems's Patent Applications was reported to be 70 in FY, 2016, which is a 20% decrease from the previous period
FY, 2014FY, 2015FY, 2016

Countries

150150150

Devices

20 m27 m30 m

Patents Issued

363350334

Patent Applications

888870

Transactions

5.4 b7.6 b

    Verifone Systems Market Value History

    Verifone Systems Revenue Breakdown

    Traffic Overview of Verifone Systems

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