GSKY · Greensky, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Revenue | $518.07M | $525.65M | $529.65M | $263.87M |
| Cost of Revenue | - | - | - | - |
| Gross Profit | - | - | - | - |
| R&D | - | - | - | - |
| SG&A | $42.48M | $42.48M | $24.46M | $10.60M |
| Total Operating Expenses | $356.87M | $473.11M | $408.69M | $144.05M |
| D&A | $14.04M | $11.33M | $7.30M | $3.71M |
| Operating Income | $161.20M | $52.54M | $120.95M | $119.81M |
| Interest Expense | $26.27M | $25.02M | $23.86M | $0 |
| Income Tax | $13.88M | $1.60M | ($7.13M) | $0 |
| Net Income | $42.14M | $9.96M | $31.98M | $24.26M |
| EPS - Basic | $0.55 | $0.15 | $0.52 | $0.43 |
| EPS - Diluted | $0.55 | $0.14 | $0.49 | $0.41 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Cash & Equivalents | $296.41M | $147.78M | $195.76M | $185.24M |
| Accounts Receivable | - | - | - | - |
| Inventory | - | - | - | - |
| Accounts Payable | - | - | - | - |
| Current Assets | - | - | - | - |
| Total Assets | $1.19B | $1.52B | $951.05M | $802.90M |
| Current Liabilities | - | - | - | - |
| Long-term Debt | - | $452.81M | $384.50M | $386.82M |
| Total Liabilities | $1.22B | $1.70B | $1.01B | $837.67M |
| Stockholders' Equity | ($28.15M) | ($175.48M) | ($54.94M) | ($34.77M) |
| Retained Earnings | $75.82M | $33.75M | $56.11M | $24.22M |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Operating Cash Flow | $630.90M | ($468.10M) | $153.33M | $121.94M |
| Investing Cash Flow | ($15.60M) | ($14.57M) | ($15.38M) | ($4.67M) |
| Financing Cash Flow | ($530.51M) | $504.48M | ($150.60M) | $725.0K |
| CapEx | $15.60M | $14.57M | $15.38M | $4.67M |
| Free Cash Flow | $615.30M | ($482.67M) | $137.95M | $117.28M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | - | - | - | - |
| Operating margin | 31.1% | 10.0% | 22.8% | 45.4% |
| EBITDA margin | 33.8% | 12.2% | 24.2% | 46.8% |
| Net margin | 8.1% | 1.9% | 6.0% | 9.2% |
| Free cash flow margin | 118.8% | -91.8% | 26.0% | 44.4% |
| FCF / Net income | 14.60 | -48.44 | 4.31 | 4.83 |
| R&D / Revenue | - | - | - | - |
| SG&A / Revenue | 8.2% | 8.1% | 4.6% | 4.0% |
| Effective tax rate | 24.8% | 13.8% | -28.7% | 0.0% |
| Return on assets | 3.5% | 0.7% | 3.4% | 3.0% |
| Return on equity | -149.7% | -5.7% | -58.2% | -69.8% |
| Return on invested capital | - | 16.3% | 36.7% | 34.0% |
| Liquidity | ||||
| Current ratio | - | - | - | - |
| Quick ratio | - | - | - | - |
| Cash ratio | - | - | - | - |
| Leverage | ||||
| Debt / Equity | - | -2.58 | -7.00 | -11.13 |
| Debt / Assets | - | 0.30 | 0.40 | 0.48 |
| Debt / EBITDA | - | 7.09 | 3.00 | 3.13 |
| Interest coverage | 6.1x | 2.1x | 5.1x | - |
| Equity multiplier | -42.23 | -8.68 | -17.31 | -23.10 |
| Liabilities / Assets | 1.02 | 1.12 | 1.06 | 1.04 |
| Efficiency | ||||
| Asset turnover | 0.44 | 0.35 | 0.56 | 0.33 |
| Inventory turnover | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days inventory outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Cash conversion cycle | - | - | - | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | -1.4% | -0.8% | 100.7% | - |
| Revenue CAGR (3y) | 25.2% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - |
| Operating income growth (YoY) | 206.8% | -56.6% | 1.0% | - |
| Net income growth (YoY) | 322.9% | -68.8% | 31.8% | - |
| EPS growth (YoY) | 292.9% | -71.4% | 19.5% | - |
| EPS CAGR (3y) | 10.3% | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | - | - | 17.6% | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | 84.0% | -219.4% | -58.0% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$1.01B totalTransaction Fees$379.77M · 37.7%
Merchant Fees$363.44M · 36.1%
Servicing Fees$124.23M · 12.3%
Servicing$124.23M · 12.3%
Interchange Fees$16.33M · 1.6%
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing GreenSky against the 5 most active filers in the same SIC group.