Company name:
Fleetcor Technologies Inc
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IPO SHARE PRICE:$23.00
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IPO DATE:15 December 2010
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TICKER:FLT
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:3280 Peachtree Road Suite 2400 Atlanta Georgia 30305
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Fleetcor Technologies Inc
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Balance Sheet
(USD in thousand)
8.4%
4.8%
12.2%
3.7%
6.3%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
35.3%
12.2% —
Accounts Receivable
8.4% —
Cash and cash equivalents
6.3% —
Securitized accounts receivable-restricted for securitization investors
4.8% —
Restricted cash and cash equivalents
3.7% —
Prepaid expenses and other current assets
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$913,595 | $1,031,145 | $1,271,494 | $934,900 | ||||||||
Restricted cash and cash equivalents | 217,275 | 333,748 | 403,743 | 541,719 | ||||||||
Accounts Receivable | 1,420,011 | 1,425,815 | 1,568,961 | 1,366,775 | ||||||||
Securitized accounts receivable-restricted for securitization investors | 811,000 | 886,000 | 970,973 | 700,000 | ||||||||
Deferred tax assets | - | - | - | - | ||||||||
Prepaid expenses and other current assets | 187,820 | 199,278 | 403,400 | 412,924 | ||||||||
Total current assets | $3,549,701 | $3,875,986 | $4,618,571 | $3,956,318 |
18.9%
42.2%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
64.7%
42.2% —
Goodwill
18.9% —
Other intangible assets
1.8% —
Property and equipment net
1.7% —
Other assets non-current
0.1% —
Long-term passive investments
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Long-term passive investments | 32,859 | 42,674 | 30,440 | 7,480 | ||||||||
Property and equipment net | 180,057 | 186,201 | 199,825 | 202,509 | ||||||||
Accumulated depreciation and amortization | - | - | - | - | ||||||||
Equity method investments | - | - | - | - | ||||||||
Other intangible assets
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2,724,957 | 2,407,910 | 2,341,882 | 2,115,882 | ||||||||
Goodwill
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4,715,823 | 4,542,074 | 4,833,047 | 4,719,181 | ||||||||
Other assets non-current | - | - | 224,776 | 193,209 | ||||||||
Other non-current assets | 114,962 | 147,632 | 224,776 | - | ||||||||
Total non-current assets | 7,768,658 | 7,326,491 | 7,629,970 | 7,238,261 |
Total assets | $11,318,359 | $11,202,477 | $12,248,541 | $11,194,579 |
10.5%
9.4%
6.3%
4.5%
4.4%
27.9%
48.4%
24.6%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
35.4%
10.5% —
Customer deposits
9.4% —
Accounts payable
6.3% —
Securitization facility
4.5% —
Notes payable and lines of credit
2.5% —
Accrued expenses
2.2% —
Other current liabilities
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Accounts payable | $1,437,314 | $1,117,649 | $1,249,586 | $1,054,478 | ||||||||
Accrued expenses | 238,472 | 261,594 | 275,511 | 282,681 | ||||||||
Securitization facility | 811,000 | 886,000 | 970,973 | 700,000 | ||||||||
Notes payable and lines of credit | 805,512 | 1,184,616 | 775,865 | 505,697 | ||||||||
Notes payable and other obligations | - | - | - | - | ||||||||
Other current liabilities | 71,033 | 118,669 | 183,502 | 250,133 | ||||||||
Customer deposits | 732,171 | 926,685 | 1,007,631 | 1,175,322 | ||||||||
Total current liabilities | $4,095,502 | $4,495,213 | $4,463,068 | $3,968,311 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
34.6%
27.9% —
Notes payable and other obligations
4.4% —
Deferred tax liability
2.2% —
Other non-current liabilities
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Deferred tax liability | 518,912 | 491,946 | 519,980 | 498,154 | ||||||||
Notes payable and other obligations
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2,902,104 | 2,748,431 | 3,289,947 | 3,126,926 | ||||||||
Other non-current liabilities | 125,319 | 126,707 | 263,930 | 245,777 | ||||||||
Total long-term liabilities | $3,546,335 | $3,367,084 | $4,073,857 | $3,870,857 |
Total Liabilities | $7,641,837 | $7,862,297 | $8,536,925 | $7,839,168 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
30.0%
48.4% —
Retained earnings
24.6% —
Additional paid-in capital
0.0% —
Common stock
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Convertible preferred stock
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- | - | - | - | ||||||||
Preferred Stock
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- | - | - | - | ||||||||
Common stock | 122 | 123 | 124 | 126 | ||||||||
Treasury Stock | (944,888) | (1,870,584) | (2,523,493) | (3,448,402) | ||||||||
Retained earnings | 2,958,921 | 3,817,656 | 4,712,729 | 5,416,945 | ||||||||
Additional paid-in capital
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2,214,224 | 2,306,843 | 2,494,721 | 2,749,900 | ||||||||
Accumulated other comprehensive loss | (551,857) | (913,858) | (972,465) | (1,363,158) | ||||||||
Total Equity | $3,676,522 | $3,340,180 | $3,711,616 | $3,355,411 |
Total Liabilities and Equity | $11,318,359 | $11,202,477 | $12,248,541 | $11,194,579 |