Green Dot 2012 Annual Report Download - page 97

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GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)
87
Note 21— Selected Unaudited Quarterly Financial Information (continued)
The effect of the correction on certain financial statement captions within our Consolidated Statements of Operations
was as follows:
As Reported Adjustments As Adjusted
(In thousands, except per share data)
Q3 2012
Card revenues and other fees $ 54,138 $ (1,590) $ 52,548
Other general and administrative expenses 18,050 59 18,109
Income tax expense 6,875 (648)6,227
Net income 10,613 (1,001) 9,612
Basic earnings per common share $ 0.25 $(0.02) $ 0.23
Diluted earnings per common share $ 0.24 $(0.02) $ 0.22
Q2 2012
Card revenues and other fees $ 59,500 $ (1,638) $ 57,862
Other general and administrative expenses 17,915 83 17,998
Income tax expense 8,133 (699)7,434
Net income 11,891 (1,022) 10,869
Basic earnings per common share $ 0.28 $(0.02) $ 0.26
Diluted earnings per common share $ 0.27 $(0.02) $ 0.25
As Reported Adjustments As Adjusted
(In thousands, except per share data)
Q1 2012
Card revenues and other fees $ 62,373 $ (1,151) $ 61,222
Other general and administrative expenses 15,904 64 15,968
Income tax expense 10,672 (467)10,205
Net income 17,116 (748)16,368
Basic earnings per common share $ 0.40 $(0.01) $ 0.39
Diluted earnings per common share $ 0.39 $(0.02) $ 0.37
The effect of the correction on certain financial statement captions within our Consolidated Balance Sheet was as
follows:
As Reported Adjustments As Adjusted
(In thousands)
Q3 2012
Accounts receivable, net $ 43,428 $1,435 $44,863
Income tax receivable 825 1,814 2,639
Amounts due to card issuing banks for overdrawn accounts 49,117 6,020 55,137
Retained earnings 161,361 (2,771) 158,590
Q2 2012
Accounts receivable, net $ 44,637 $1,645 $46,282
Income tax receivable 2,705 1,166 3,871
Amounts due to card issuing banks for overdrawn accounts 45,651 4,581 50,232
Retained earnings 150,748 (1,770) 148,978
Q1 2012
Accounts receivable, net $ 46,996 $1,436 $48,432
Income tax receivable 1,612 467 2,079
Amounts due to card issuing banks for overdrawn accounts 42,947 2,651 45,598
Retained earnings 138,857 (748)138,109