Green Dot 2015 Annual Report Download - page 36

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ITEM 6. Selected Financial Data
The following tables present selected historical financial data for our business. This information should be read in
conjunction with Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and
Item 8. Financial Statements and Supplementary Data of this report. The selected consolidated financial data in this
section is not intended to replace the financial statements and is qualified in its entirety by the consolidated financial
statements and related notes.
We derived the statements of operations data for the years ended December 31, 2015, 2014, and 2013,
respectively, and the balance sheet data as of December 31, 2015, and 2014 from our audited consolidated financial
statements included in Item 8 of this report. We derived the statements of operations data for the years ended
December 31, 2012 and 2011, and balance sheet data as of December 31, 2013, 2012 and 2011, from our audited
consolidated financial statements not included in this report. Our historical results are not necessarily indicative of our
results to be expected in any future period.
Year Ended December 31,
2015 2014 2013 2012 2011
(In thousands, except per share data)
Consolidated Statements of Operations Data:
Operating revenues:
Card revenues and other fees $ 318,083 $ 253,155 $ 227,227 $ 224,745 $209,489
Processing and settlement service revenues 182,614 179,289 183,359 165,232 134,143
Interchange revenues 196,523 178,040 171,757 164,559 141,103
Stock-based retailer incentive compensation(1) (2,520) (8,932) (8,722) (8,251) (17,337)
Total operating revenues 694,700 601,552 573,621 546,285 467,398
Operating expenses:
Sales and marketing expenses 230,441 235,227 218,370 209,870 168,747
Compensation and benefits expenses(2) 168,226 123,083 127,287 114,930 87,671
Processing expenses 102,144 79,053 89,856 77,445 70,953
Other general and administrative expenses 134,560 105,200 88,976 71,900 56,578
Total operating expenses 635,371 542,563 524,489 474,145 383,949
Operating income 59,329 58,989 49,132 72,140 83,449
Interest income 4,737 4,064 3,440 4,074 910
Interest expense (5,944) (1,276) (72) (76)(346)
Other income —7,129 — — —
Income before income taxes 58,122 68,906 52,500 76,138 84,013
Income tax expense 19,707 26,213 18,460 28,919 31,930
Net income 38,415 42,693 34,040 47,219 52,083
Income attributable to preferred stock (1,102) (4,842) (5,360) (7,599)(554)
Net income allocated to common stockholders $ 37,313 $ 37,851 $ 28,680 $ 39,620 $51,529
Basic earnings per common share:
Class A common stock $ 0.73 $ 0.92 $ 0.78 $ 1.11 $1.24
Basic weighted-average common shares issued and
outstanding:
Class A common stock 51,332 40,907 35,875 34,499 39,956
Diluted earnings per common share:
Class A common stock $ 0.72 $ 0.90 $ 0.76 $ 1.07 $1.19
Diluted weighted-average common shares issued and
outstanding:
Class A common stock 51,875 41,770 37,156 35,933 42,065
For the periods presented above, as applicable, we grouped the components of Class B common stock basic
earnings per common share, or EPS, and diluted EPS with Class A common stock, as if they were one class, to conform
to the current period presentation.