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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,148	2,192	2,238	2,022	1,791	2,009
Revenue Growth (YoY)	-3.94%	-2.04%	10.67%	12.92%	-10.85%	0.54%
Cost of Revenue	990.83	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	928.21	954.42	992.6	922.32	840.71	824.66
Operating Expenses	928.21	954.42	992.6	922.32	840.71	883.77
Operating Income	228.93	220.49	213.9	219.81	222.76	315.58
Interest Expense	-124.7	-125.64	-94.45	-55.55	-23.14	-34.68
Other Non Operating Income (Expenses)	7.32	6.97	8.87	7.41	10.09	9
EBT Excluding Unusual Items	111.55	101.82	128.32	171.66	209.72	289.89
Merger & Restructuring Charges	-74.67	-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	34.46	32.42	19.33	-	-1.85	-0.12
Asset Writedown	-12.39	-2.5	-	-	-30.3	-33.24
Other Unusual Items	-	-	-	-	0.03	-9.39
Pretax Income	57.49	39.8	84.38	93.8	26.8	-215.74
Income Tax Expense	19.11	13.57	18.85	31.03	21.47	8.04
Earnings From Continuing Operations	38.37	26.23	65.53	62.77	5.34	-223.78
Minority Interest in Earnings	-0.12	-0.11	-0.14	-0.14	-0.09	-
Net Income	38.26	26.12	65.4	62.63	5.24	-223.78
Preferred Dividends & Other Adjustments	0.03	0.04	0.05	0.05	0.05	0.1
Net Income to Common	38.22	26.08	65.35	62.59	5.19	-223.88
Net Income Growth	-27.57%	-60.06%	4.41%	1094.37%	-	-
Shares Outstanding (Basic)	44	44	43	42	42	43
Shares Outstanding (Diluted)	44	44	43	43	42	43
Shares Change (YoY)	1.73%	1.23%	1.13%	1.63%	-2.06%	-8.43%
EPS (Basic)	0.87	0.60	1.52	1.48	0.12	-5.20
EPS (Diluted)	0.86	0.59	1.50	1.45	0.11	-5.20
EPS Growth	-29.05%	-60.60%	3.17%	1240.08%	-	-
Free Cash Flow	123.78	97.62	86.93	101.68	154.92	220.06
Free Cash Flow Per Share	2.80	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	53.87%	53.59%	53.91%	56.48%	59.39%	59.71%
Operating Margin	10.66%	10.06%	9.56%	10.87%	12.44%	15.71%
Profit Margin	1.78%	1.19%	2.92%	3.10%	0.29%	-11.15%
Free Cash Flow Margin	5.76%	4.45%	3.88%	5.03%	8.65%	10.96%
EBITDA	395.95	390.2	386.45	368.57	292.56	394.96
EBITDA Margin	18.43%	17.80%	17.27%	18.23%	16.34%	19.66%
D&A For EBITDA	167.01	169.7	172.55	148.77	69.79	79.39
EBIT	228.93	220.49	213.9	219.81	222.76	315.58
EBIT Margin	10.66%	10.06%	9.56%	10.87%	12.44%	15.71%
Effective Tax Rate	33.25%	34.10%	22.34%	33.08%	80.10%	-
Revenue as Reported	2,148	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.