WageWorks (NYSE: WAGE) is a leader in administering Consumer-Directed Benefits (CDBs), which empower employees to save money on taxes while also providing corporate tax advantages for employers. WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as health and dependent care Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits. WageWorks makes it easier to understand and take advantage of Consumer-Directed Benefits for approximately 45,000 employers and over 4 million people.

Company Growth (employees)
Type
Public
HQ
San Mateo, US
Size (employees)
1,951 (est)+47%
WageWorks is headquartered in San Mateo, US

Key People at WageWorks

Joseph L. Jackson

Joseph L. Jackson

CEO & Board Member
Colm M. Callan

Colm M. Callan

CFO
Edgar Montes

Edgar Montes

COO
Britta Meyer

Britta Meyer

Chief Marketing Officer
Jody Dietel

Jody Dietel

Chief Compliance Officer
Kimberly L. Jackson

Kimberly L. Jackson

Senior Vice President, General Counsel & Corporate Secretary

WageWorks Office Locations

WageWorks has offices in San Mateo, Mequon, Tempe, Irving and in 9 other locations
San Mateo, US (HQ)
1100 Park Place, 4th Floor

WageWorks Metrics

WageWorks Financial Metrics

Revenue (2016)

$364.7 m

Revenue growth (2015-16), %

9%

Gross profit

$234.5 m

Gross profit margin (2016), %

64%

Net income (2016)

$20.2 m

Market capitalization (21-Mar-2017)

$3 b

Closing share price (21-Mar-2017)

$79.9

Cash (31-Dec-2016)

$678.3 m
WageWorks's current market capitalization is $3 b.
WageWorks's revenue was reported to be $364.7 m in FY, 2016 which is a 9.1% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$219.3 m$267.8 m$334.3 m$364.7 m

Revenue growth, %

22%25%9%

Cost of goods sold

$81.9 m$100.2 m$117.2 m$130.2 m

Gross profit

$137.4 m$167.6 m$217.1 m$234.5 m

Gross profit Margin, %

63%63%65%64%

Sales and marketing expense

$34.7 m$44.9 m

R&D expense

$21.5 m$27.7 m

General and administrative expense

$37.6 m$42.9 m

Operating expense total

$187.3 m$236.8 m$294.4 m$332 m

EBIT

$32 m$31 m$39.9 m$32.7 m

EBIT margin, %

15%12%12%9%

Interest expense

$1.3 m$1.6 m$1.9 m$2.2 m

Interest income

$17 k$5 k$153 k$406 k

Pre tax profit

$30.9 m$30.2 m$38 m$32.2 m

Income tax expense

$9.2 m$11.9 m($15 m)($12 m)

Net Income

$21.7 m$18.2 m$23 m$20.2 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$360 m$413.3 m$500.9 m$678.3 m

Accounts Receivable

$32.9 m$54.5 m$72.3 m$92.9 m

Inventories

$10.1 m$14.2 m$13.3 m$19.4 m

Current Assets

$405.3 m$493.3 m$586.8 m$790.9 m

PP&E

$26.5 m$39.1 m$48 m$56.9 m

Goodwill

$97.6 m$157.1 m$157.1 m$297.4 m

Total Assets

$599.7 m$794.7 m$888.7 m$1.3 b

Accounts Payable

$49.4 m$54.3 m$60.5 m$73 m

Current Liabilities

$336.4 m$431.8 m$465 m$677.3 m

Additional Paid-in Capital

$270.5 m$303.6 m$343.2 m$403.5 m

Retained Earnings

($42.4 m)($24.2 m)($1.2 m)$19 m

Total Equity

$228.1 m$279.4 m$337 m$408.1 m

Financial Leverage

2.6 x2.8 x2.6 x3.3 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$21.7 m$18.2 m$23 m$20.2 m

Depreciation and Amortization

$3.4 m$4.4 m$6.7 m$8.5 m

Accounts Receivable

($8.5 m)($21 m)($18 m)($22 m)

Inventories

($4 m)($2.7 m)$961 k$11.8 m

Accounts Payable

$7.8 m$2.7 m$5.1 m$3.7 m

Cash From Operating Activities

$61.7 m$54.4 m$114.3 m$265 m

Purchases of PP&E

($13.8 m)($21.2 m)($28.1 m)($28.3 m)

Cash From Investing Activities

($27.6 m)($65.5 m)($38 m)($283.4 m)

Long-term Borrowings

($15 m)($15 m)($15 m)

Interest Paid

$1.5 m$866 k$2.5 m$1.8 m

Income Taxes Paid

$714 k$836 k$455 k$5.5 m

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