Euronetâs full year 2006 financial highlights included:
Â· Consolidated revenues of $629.2 million, an increase of 18% over 2005 revenues of $531.2 million.
Â· Adjusted EBITDA of $88.8 million, an increase of 17% over 2005 Adjusted EBITDA of $75.8 million.
Â· Operating income of $52.3 million, a 9% increase over 2005 operating income of $47.8 million.
Â· Net income of $46.3 million, or $1.17 diluted earnings per share, compared to net income for 2005 of $22.4 million, or $0.61 diluted earnings per share.
Â· In accordance with Statement of Financial Accounting Standards No. 123R (âSFAS 123Râ), which the Company retroactively adopted on January 1, 2006, share-based compensation expense was $7.4 million for 2006, compared to $5.6 million for 2005.
Â· Net income in 2006 included a foreign exchange gain of $10.2 million; excluding this gain and the share-based compensation expense noted above, diluted earnings per share were $1.07. Net income in 2005 included a foreign exchange loss of $7.5 million and a $0.6 million loss on discontinued operations; excluding these losses and the share-based compensation expense noted above, diluted earnings per share were $0.96.
Â· Total of 921.7 million transactions processed in 2006, an increase of 30% over the 709.6 million transactions processed in 2005.