WEX market cap is $7 b, and annual revenue was $1.56 b in FY 2020

WEX Gross profit (Q3, 2021)302.8 M

WEX Gross profit margin (Q3, 2021), %62.7%

WEX Net income (Q3, 2021)51.9 M

WEX EBIT (Q3, 2021)100.8 M

WEX Cash, 30-Sept-2021533.8 M

WEX EV9.5 B

WEX revenue was $1.56 b in FY, 2020 which is a 9.5% year over year decrease from the previous period.

WEX revenue breakdown by business segment: 13.7% from Other Revenue, 44.8% from Payment Processing Revenue, 12.7% from Finance Fee Revenue and 28.8% from Account Servicing Revenue

WEX revenue breakdown by geographic segment: 10.2% from Other and 89.8% from United States

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 1.5b | 1.7b | 1.6b |

| 15% | (10%) | |

## Cost of goods sold | 547.9m | 659.8m | 673.2m |

## Gross profit | 944.7m | 1.1b | 886.7m |

| 63% | 62% | 57% |

## Sales and marketing expense | 229.2m | 259.9m | 266.7m |

## General and administrative expense | 209.3m | 275.8m | 292.1m |

## Operating expense total | 558.4m | 678.1m | 716.1m |

## Depreciation and amortization | 119.9m | 142.4m | 157.3m |

## EBIT | 380.6m | 385.8m | (91.7m) |

| 26% | 22% | (6%) |

## Interest expense | 105.0m | 134.7m | 157.1m |

## Pre tax profit | 238.6m | 216.5m | (301.1m) |

## Income tax expense | 68.8m | 61.2m | (20.6m) |

## Net Income | 169.8m | 155.3m | (280.5m) |

## EPS | 3.9 | 2.3 | (5.6) |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 541.5m | 810.9m | 852.0m |

## Accounts Receivable | 2.6b | 2.7b | 2.0b |

## Prepaid Expenses | 149.0m | 87.7m | 86.6m |

## Current Assets | 3.4b | 3.8b | 3.5b |

## PP&E | 187.9m | 212.5m | 188.3m |

## Goodwill | 1.8b | 2.4b | 2.7b |

## Total Assets | 6.8b | 8.3b | 8.2b |

## Accounts Payable | 814.7m | 969.8m | 778.2m |

## Short-term debt | 216.5m | 248.5m | 152.7m |

## Current Liabilities | 2.3b | 3.0b | 2.7b |

## Long-term debt | 2.1b | 2.7b | 2.9b |

## Total Debt | 2.4b | 2.9b | 3.0b |

## Total Liabilities | 5.0b | 6.2b | 6.1b |

## Common Stock | 475.0k | 477.0k | 485.0k |

## Additional Paid-in Capital | 593.3m | 675.1m | 872.7m |

## Retained Earnings | 1.5b | 1.5b | 1.3b |

## Total Equity | 1.8b | 1.9b | 1.9b |

## Debt to Equity Ratio | 1.3 x | 1.5 x | 1.6 x |

## Debt to Assets Ratio | 0.3 x | 0.4 x | 0.4 x |

## Financial Leverage | 3.8 x | 4.3 x | 4.3 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 169.8m | 155.3m | (280.5m) |

## Depreciation and Amortization | 199.8m | 237.1m | 261.9m |

## Accounts Receivable | (201.6m) | (67.6m) | 592.9m |

## Accounts Payable | (3.6m) | 139.2m | (183.7m) |

## Cash From Operating Activities | 400.2m | 663.2m | 857.0m |

## Purchases of PP&E | (87.2m) | (102.9m) | (80.5m) |

## Cash From Investing Activities | (254.2m) | (990.6m) | (329.1m) |

## Long-term Borrowings | (1.7b) | (1.3b) | (364.6m) |

## Cash From Financing Activities | (102.7m) | 749.8m | (179.3m) |

## Net Change in Cash | 32.6m | 426.4m | 348.3m |

## Interest Paid | 141.5m | 176.0m | 163.3m |

## Income Taxes Paid | 39.2m | 51.0m | (8.4m) |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 16.2m | 48.1b | 90.5m | (12.3m) | 1.1m | (56.6m) | 23.2m | 33.4m | 85.3m |

## Depreciation and Amortization | 51.7m | 110.5b | 173.5m | 65.0m | 129.5m | 195.0m | 66.8m | 133.7m | 202.2m |

## Accounts Receivable | (239.7m) | (584.2b) | (589.1m) | 488.7m | 645.1m | 406.1m | (565.4m) | (925.8m) | (1.1b) |

## Accounts Payable | 245.7m | 402.2b | 412.7m | (200.4m) | (115.0m) | (48.5m) | 350.6m | 474.5m | 517.5m |

## Cash From Operating Activities | 70.1m | 79.4b | 205.2m | 340.2m | 725.9m | 774.5m | (217.3m) | (122.0m) | (10.4m) |

## Purchases of PP&E | (28.4m) | (48.3b) | (79.1m) | (20.7m) | (41.5m) | (59.7m) | (18.3m) | (37.0m) | (55.5m) |

## Cash From Investing Activities | (596.9m) | (624.9b) | (922.3m) | (20.7m) | (41.6m) | (75.0m) | (16.4m) | (595.4m) | (610.7m) |

## Long-term Borrowings | (709.5m) | (1.1t) | (1.3b) | (16.2m) | (332.3m) | (348.5m) | (416.2m) | (886.8m) | (1.4b) |

## Cash From Financing Activities | 496.1m | 892.3b | 837.7m | (258.0m) | (203.8m) | 42.3m | (114.6m) | 398.8m | 477.7m |

## Net Change in Cash | (29.0m) | 345.2b | 116.2m | 45.0m | 468.3m | 733.9m | (356.0m) | (328.1m) | (167.4m) |

USD | FY, 2018 |
---|---|

## EV/EBIT | 20.6 x |

## EV/CFO | 19.6 x |

## Revenue/Employee | 403.4k |

## Debt/Equity | 1.3 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 3.8 x |

## P/E Ratio | 36.3 |

FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Average Number of Vehicles Serviced | 8.05 m | 9.27 m | 9.8 m | 9.73 m | 9.58 m | 9.52 m | 9.64 m | 10.34 m | 10 m | 10.57 m | 10.86 m | 11 m | 10.9 m | 11.5 m | 11.8 m | 11.7 m | 11.8 m | 13.1 m | 13.9 m |

## Customers (Health and Employee Benefit Solutions) | 12 m | 17 m | 25 m | 28 m | |||||||||||||||

## Transactions | 311.29 m | 81.93 m | 86.7 m | 89.58 m | 342.98 m | 89.1 m | 94.16 m | 102.95 m | 385.86 m | 102.77 m | 108.13 m | 110 m | 429.7 m | 109.8 m | 115.9 m | 117.7 m | 459.3 m | 115.4 m | 128 m |

## Vehicles Served | 9.2 m | 9.4 m | 10.5 m | 11.4 m | 12.4 m |