Alliance Data Systems Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017
January 26, 2017 at 07:30 am EST
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Alliance Data Systems Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company's revenue was $1,827.6 million compared to $1,748.9 million a year ago. Operating income was $179.6 million compared to $364.2 million a year ago. Income before income tax was $61.9 million compared to $274.8 million a year ago. Net income was $10.5 million compared to $180.2 million a year ago. Net income attributable to common stockholders was $10.5 million compared to $174.2 million a year ago. Diluted net income attributable to common stockholders was $0.18 compared to $2.35 a year ago. Adjusted EBITDA, net of funding costs and non-controlling interest was $507.0 million compared to $452.5 million a year ago. Adjusted EBITDA was $565.8 million compared to $507.1 million a year ago. Core earnings was $270.5 million compared to $263.1 million a year ago. Core earnings attributable to common stockholders was $270.5 million compared to $253.9 million a year ago. Core earnings attributable to common stockholders per share - diluted was $4.67 compared to $4.13 a year ago.
For the year, the company's revenue was $7,138.1 million compared to $6,439.7 million a year ago. Operating income was $1,265.5 million compared to $1,261.9 million a year ago. Income before income tax was $837.0 million compared to $931.7 million a year ago. Net income was $517.6 million compared to $605.4 million a year ago. Net income attributable to common stockholders was $515.8 million compared to $596.5 million a year ago. Diluted net income attributable to common stockholders was $7.34 compared to $8.85 a year ago. Net cash provided by operating activities was $2,088.4 million compared to $1,705.8 million a year ago. Capital expenditures was $207.0 million compared to $191.7 million a year ago. Adjusted EBITDA, net of funding costs and non-controlling interest was $1,880.0 million compared to $1,728.3 million a year ago. Adjusted EBITDA was $2,095.8 million compared to $1,909.9 million a year ago. Core earnings was $1,000.0 million compared to $959.3 million a year ago. Core earnings attributable to common stockholders was $996.0 million compared to $937.4 million a year ago. Core earnings attributable to common stockholders per share - diluted was $16.92 compared to $15.05 a year ago.
Annual guidance is for revenue of $7.7 billion and core EPS of $18.50.
Bread Financial Holdings, Inc. is a tech-forward financial services company. The Company is engaged in providing simple, personalized payment, lending, and saving solutions. The Company through its data insights and white-label technology, it delivers a comprehensive product suite, including private label and co-brand credit cards and buy now, pay later products (split-pay). It also offers direct-to-consumer solutions that give customers more access, and freedom through its branded Bread Cashback American Express Credit Card and Bread Savings products. The Company offers both direct-to-consumer retail deposit products as well as deposits sourced through contractual arrangements with various financial counterparties (often referred to as wholesale deposits). Its products are supported by various services and capabilities, including risk management, account origination and funding services; loan processing and servicing; marketing and data and analytics; and its Enhanced Digital Suite.
Alliance Data Systems Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017