Deluxe Corporation (DLX)

Deluxe Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,139	2,192	2,238	2,022	1,791	2,009
Revenue Growth (YoY)	-3.62%	-2.04%	10.67%	12.92%	-10.85%	0.54%
Cost of Revenue	981.63	1,017	1,032	880.07	727.31	809.37
Gross Profit	1,157	1,175	1,207	1,142	1,063	1,199
Selling, General & Admin	921.52	954.42	992.6	922.32	840.71	824.66
Operating Expenses	921.52	954.42	992.6	922.32	840.71	883.77
Operating Income	235.43	220.49	213.9	219.81	222.76	315.58
Interest Expense	-122.57	-125.64	-94.45	-55.55	-23.14	-34.68
Other Non Operating Income (Expenses)	7.28	6.97	8.87	7.41	10.09	9
EBT Excluding Unusual Items	120.13	101.82	128.32	171.66	209.72	289.89
Merger & Restructuring Charges	-80.01	-90.48	-63.27	-77.86	-79.35	-75.03
Impairment of Goodwill	-	-	-	-	-71.45	-387.85
Gain (Loss) on Sale of Investments	-1.47	-1.47	-0.01	-	-	-
Gain (Loss) on Sale of Assets	43.99	32.42	19.33	-	-1.85	-0.12
Asset Writedown	-2.5	-2.5	-	-	-30.3	-33.24
Other Unusual Items	-	-	-	-	0.03	-9.39
Pretax Income	80.15	39.8	84.38	93.8	26.8	-215.74
Income Tax Expense	24.85	13.57	18.85	31.03	21.47	8.04
Earnings From Continuing Operations	55.3	26.23	65.53	62.77	5.34	-223.78
Minority Interest in Earnings	-0.13	-0.11	-0.14	-0.14	-0.09	-
Net Income	55.17	26.12	65.4	62.63	5.24	-223.78
Preferred Dividends & Other Adjustments	0.02	0.04	0.05	0.05	0.05	0.1
Net Income to Common	55.15	26.08	65.35	62.59	5.19	-223.88
Net Income Growth	83.23%	-60.06%	4.41%	1094.37%	-	-
Shares Outstanding (Basic)	44	44	43	42	42	43
Shares Outstanding (Diluted)	45	44	43	43	42	43
Shares Change (YoY)	1.90%	1.23%	1.13%	1.63%	-2.06%	-8.43%
EPS (Basic)	1.25	0.60	1.52	1.48	0.12	-5.20
EPS (Diluted)	1.24	0.59	1.50	1.45	0.11	-5.20
EPS Growth	80.68%	-60.60%	3.17%	1240.08%	-	-
Free Cash Flow	127.87	97.62	86.93	101.68	154.92	220.06
Free Cash Flow Per Share	2.87	2.23	2.01	2.37	3.68	5.11
Dividend Per Share	1.200	1.200	1.200	1.200	1.200	1.200
Gross Margin	54.10%	53.59%	53.91%	56.48%	59.39%	59.71%
Operating Margin	11.01%	10.06%	9.56%	10.87%	12.44%	15.71%
Profit Margin	2.58%	1.19%	2.92%	3.10%	0.29%	-11.15%
Free Cash Flow Margin	5.98%	4.45%	3.88%	5.03%	8.65%	10.96%
EBITDA	407.86	390.2	386.45	368.57	292.56	394.96
EBITDA Margin	19.07%	17.80%	17.27%	18.23%	16.34%	19.66%
D&A For EBITDA	172.43	169.7	172.55	148.77	69.79	79.39
EBIT	235.43	220.49	213.9	219.81	222.76	315.58
EBIT Margin	11.01%	10.06%	9.56%	10.87%	12.44%	15.71%
Effective Tax Rate	31.00%	34.10%	22.34%	33.08%	80.10%	-
Revenue as Reported	2,139	2,192	2,238	2,022	1,791	2,009
Advertising Expenses	-	32.67	38.73	47.46	50.31	70.8

Source: S&P Capital IQ. Standard template. Financial Sources.