7-Eleven Inc
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7-Eleven, Inc.
Dallas, TX
US (United States)
content ,Food Production,Communication Systems,Credit Cards,Sausages,Beverages,Strawberries ,2711 North Haskell Drive ,US ,Kellysearch ǂ Start a new search ǂ Other sectors: ǂ Food ǂ Hospitality ǂ About Kellysearch ǂ About us ǂ Add your company ǂ Advertise with us ǂ Home > ǂ Food > ǂ 7-Eleven, Inc.
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7-Eleven, Inc.
Dallas, TX
US (United States)
AdTech Print Page Home > 7-Eleven, Inc. Adtech View Statistics 7-Eleven, Inc. www.7-eleven.com Company Overview content Contact Details 7-Eleven, Inc. Address: 2711 North Haskell Drive, Dallas, Texas (TX), 75204, USA Web: www.7-eleven.comDallas companies Email the company Page: 1 Go to page: of 1
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New style 7-Eleven® store coming to The Pointe in Poinciana
www.avatarhomes.com | Nov 13, 2008
A 7-Eleven convenience store sporting the nationwide chain's newest design is coming to The Pointe, a major retail center under development at the corner of Poinciana Boulevard and Pleasant Hill Road.POINCIANA, FL --- A 7-Eleven convenience store sporting the nationwide chain's newest design is
Cardtronics, MoneyGram Partners on 7-Eleven Money Transfer
www.paymentsnews.com | Nov 10, 2008
MoneyGram International and Cardtronics have announced that MoneyGram money transfer and ExpressPayment urgent bill payment services will be offered through 2,250 advanced-function ATMs located at 7-Eleven, Inc. convenience stores in the U.S. beginning in late 2008.
7-Eleven Vcom terminals to get MoneyGram's money transfer services
www.kioskmarketplace.com | Nov 10, 2008
Business Wire: MoneyGram International, a global payment services company, and ATM provider Cardtronics have announced that MoneyGram money transfer and ExpressPayment urgent bill payment services will be offered through 2,250 advanced-function ATMs located at 7-Eleven, Inc.
Coalition Cites Benefits of Electricity Competition for Pennsylvania Customers
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Pennsylvania consumers have benefited from increased renewable generation, growing consumer demand response, and more efficient operation of existing generation since the introduction of competitive wholesale markets in 1997.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/11-05-2008/0004919099&EDATE=
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REPLACING PHOTO 7-Eleven(R) Adds Plush Lab Puppies to its Menagerie Benefiting St. Jude Children's
DALLAS, Nov 13, 2008 (BUSINESS WIRE) --
Please replace the photo with the accompanying high-resolution photo.
The release reads:
7-ELEVEN(R) ADDS PLUSH LAB PUPPIES TO ITS MENAGERIE BENEFITING ST. JUDE CHILDREN'S RESEARCH HOSPITAL(R)THANKS AND GIVING(R) CAMPAIGN
7-Eleven, Inc., one of the original retail partners of the annual St. Jude Children's Research Hospital Thanks and Giving campaign, has four cuddly ways to support the nation's leading pediatric cancer research and treatment center this holiday season. Thanks and Giving asks consumers to "Give thanks for the healthy kids in your life, and give to those who are not."
Two collectible, plush Labrador puppies and two teddy bears will be available for purchase at participating 7-Eleven(R) stores through the holidays, while supplies last. The ultra-soft bears and pups retail for $8.99 each, of which $2 will be donated to St. Jude. Since 2004, 7-Eleven(R) stores have raised more than $400,000 for the world-renowned children's hospital based in Memphis, Tenn.
"The St. Jude bears have become a holiday tradition at 7-Eleven, and we expect the new puppies to be just as popular, if not more so, with our customers," said Terry McGill, nonfoods category manager at 7-Eleven. "These collectible toys are created exclusively for 7-Eleven, and we have a new one each year that you won't find anywhere else. During the holidays, it's an ideal way to support such an important children's charity and give someone a new friend."
7-Eleven was among the first retailers to offer a plush bear as part of the annual Thanks and Giving campaign, offering a different bear in each of the previous years it has been involved with St. Jude. To the oatmeal- and golden brown-colored bears, 7-Eleven adds yellow and black Lab puppies this year, each with the St. Jude logo embroidered on one paw and a matching green ribbon and bow around its neck.
"Thechildren of St. Jude, their moms and dads, and I are thrilled to welcome back 7-Elevenstores to the St. Jude Children's Research Hospital Thanks and Giving campaign," said Marlo Thomas, National Outreach Director for St. Jude. "7-Eleven's dedication to this holiday campaign helps ensure that St. Jude can continuethe lifesaving research and carethat has brought hope to so many families."
About St. Jude
St. Jude Children's Research Hospital is internationally recognized for its pioneering work in finding cures and saving children with cancer and other catastrophic diseases. St. Jude is the first and only pediatric cancer center to be designated as a Comprehensive Cancer Center by the National Cancer Institute. Founded by late entertainer Danny Thomas and based in Memphis, Tenn., St. Jude freely shares its discoveries with scientific and medical communities around the world. St. Jude is the only pediatric cancer research center where families never pay for treatment not covered by insurance. No child is ever denied treatment because of the family's inability to pay. St. Jude is financially supported by ALSAC, its fundraising organization.
About Thanks and Giving
The St. Jude Children's Research Hospital Thanks and Giving national campaign is an unprecedented union of celebrities, media, retail and corporate partners that ask consumers to "Give thanks for the healthy kids in your life, and give to those who are not." The Thanks and Giving initiative was created in 2004 by Marlo Thomas and her siblings Terre and Tony Thomas, children of St. Jude founder Danny Thomas. Funds raised by the campaign support the lifesaving work of St. Jude -- to find cures for children with cancer and other catastrophic diseases through research and treatment. St Jude impacts the lives of children in communities across the country. Consumers are asked to shop at companies where the St. Jude green magnifying glass logo is displayed; donate online at www.stjude.org, where a list of fund-raising partners is available, or call 1-800-4STJUDE.
SOURCE: 7-Eleven, Inc.
7-Eleven, Inc. Margaret Chabris, 972-828-7285 margaret.chabri@7-11.com
Tags: cancer celebrities charity children corporate hospital insurance media medical online research retail science tennessee toys unions
Cardtronics Announces Third Quarter 2008 Results - Zibb.com
HOUSTON, Nov 6, 2008 (GlobeNewswire via COMTEX) --
Cardtronics, Inc. (Nasdaq:CATM), the world's largest operator of ATMs, today announced its financial and operational results for the quarter ended September 30, 2008.
Recent highlights and key statistics include:
* Consolidated revenues of $127.3 million, up 15% from the third
quarter of 2007
* Adjusted EBITDA of $22.1 million, up 20% from the third quarter
of 2007
* Adjusted Net Income of $2.7 million, up 45% from the third
quarter of 2007
* Significant improvements in key operating metrics versus the
third quarter of 2007:
-- Average number of transacting ATMs increased by 11%
-- Total transactions increased by 26%
-- Total cash withdrawal transactions increased by 19%
-- Cash withdrawal transactions per ATM per month increased
by 7%
* The continued transitioning of the Company's ATM portfolio over
to its in-house electronic funds transfer ("EFT") processing
platform. As of September 30, 2008, the Company was processing
transactions for over 25,500 ATMs.
* The continued expansion of the Company's Allpoint Network,
including the addition to the network of 5,700+ ATMs located
in 7-Eleven, Inc. convenience stores throughout the United States
and 2,500 of our ATMs located throughout the United Kingdom.
* Continued strong liquidity and access to capital, with
approximately $130.0 million in available borrowing capacity
under the Company's current credit facility with leading
financial institutions such as BNP Paribas, Bank of America,
JPMorgan Chase, Wells Fargo, and BBVA Compass.
Prior to this most recent quarter, a significant factor in comparing Cardtronics' 2008 results with its prior year results was the Company's acquisition of the financial services business of 7-Eleven, Inc. (the "7-Eleven ATM Transaction"), which was consummated on July 20, 2007. For the quarter ended September 30, 2008, such year-over-year comparability issues, while still present, are less significant as the effects of the 7-Eleven ATM Transaction have been fully reflected in the Company's results from July 20, 2007. On a year-to-date basis, the 7-Eleven ATM Transaction still represents a significant factor when comparing the Company's year-over-year results.
"Cardtronics generated solid results for the most recent quarter despite a number of challenges, including disruptions associated with Hurricane Ike and higher interest rates resulting from the global credit crisis," commented Jack Antonini, Cardtronics' Chief Executive Officer. "Despite these headwinds, our most recent results demonstrate our ability to leverage our past capital investments to generate consistent and recurring revenues and cash flows."
THIRD QUARTER RESULTS
For the third quarter of 2008, revenues totaled $127.3 million, representing a 15% increase over the $110.6 million in revenues generated during the third quarter of 2007. Of the 15% year-over-year increase in revenues, approximately half of that amount, or 7.5%, was attributable to organic growth, with the remaining amount being attributable to the 7-Eleven ATM Transaction. The Company's organic growth was driven by additional ATM deployments made during late 2007 and 2008, primarily in the United Kingdom and Mexico, and incremental revenues from agreements signed in late 2007 and 2008 under the Company's bank branding and surcharge-free network programs.
Adjusted EBITDA totaled $22.1 million for the third quarter of 2008 compared to $18.4 million for the third quarter of 2007, and Adjusted Net Income totaled $2.7 million ($0.07 per diluted share) compared to Adjusted Net Income of $1.9 million ($0.08 per diluted share) for the third quarter of 2007. This year-over-year increase was primarily attributable to the Company's domestic operations, which included the results of the acquired 7-Eleven ATM and advanced-functionality kiosk operations for the full quarter, offset slightly by lower results from the Company's United Kingdom operations. Specific costs excluded from Adjusted EBITDA and Adjusted Net Income are detailed in a reconciliation included at the end of this press release.
The GAAP net loss for the third quarter totaled $4.2 million compared to $10.7 million during the same period last year. The 2008 results reflect slightly higher depreciation, accretion, and amortization expenses due to additional ATM deployments by each of the Company's business segments and the 7-Eleven ATM Transaction. The 2007 results included a $5.1 million (pre-tax) impairment charge related to the unamortized intangible asset value associated with a single merchant contract acquired in 2004 and a $2.5 million charge to establish a valuation allowance on a portion of the Company's existing deferred tax asset amounts.
NINE MONTH RESULTS
Revenues totaled $374.8 million for the nine months ended September 30, 2008, representing a 43% increase over the $262.3 million in revenues recorded during the nine months ended September 30, 2007. The year-over-year increase was primarily attributable to the inclusion of the 7-Eleven ATM and advanced-functionality kiosk operations for the full nine months of 2008.
Adjusted EBITDA totaled $63.6 million for the nine months ended September 30, 2008, representing a 49% increase over the $42.7 million in Adjusted EBITDA for the same period in 2007. Adjusted Net Income totaled $7.3 million ($0.18 per diluted share) for the first nine months of 2008, which was higher than the $2.4 million ($0.10 per diluted share) generated during the first nine months of 2007. Increases in both Adjusted EBITDA and Adjusted Net Income were primarily the result of the 7-Eleven ATM Transaction.
The GAAP net loss for the nine months ended September 30, 2008 totaled $12.1 million compared to a $19.7 million net loss generated during the same period in 2007. As was the case with the Company's quarterly results, the 2008 year-to-date GAAP net loss reflects the incremental depreciation, accretion, and amortization expense that resulted from the 7-Eleven ATM Transaction and the increased number of deployed ATMs. In addition, the net loss for the nine months ended September 30, 2008 also includes a $1.2 million pre-tax charge in the Company's United Kingdom operations associated with delays experienced in obtaining its Europay MasterCard Visa ("EMV") certification with one of the major networks. This charge, which is reflected in the "Cost of ATM operating revenues" line item of the consolidated statement of operations, has been added back to arrive at Adjusted EBITDA and Adjusted Net Income, net of taxes. The 2007 year-to-date net loss includes $5.3 million (pre-tax) of impairment charges, the majority of which related to the unamortized intangible asset value associated with a single merchant contract acquired in 2004, and higher income tax expense due to $3.4 million of income tax reserves recorded in 2007.
2008 GUIDANCE
The Company is now expecting the following financial measures for the year ending December 31, 2008:
* Revenues of $490.0 million to $495.0 million,
* Overall gross margins of approximately 23.5%,
* Adjusted EBITDA of $82.0 million to $84.0 million,
* Depreciation and accretion expense of $39.0 million,
* Interest expense of $31.0 million,
* Adjusted Net Income of $0.20 to $0.23 per diluted share,
based on approximately 40.0 million shares outstanding, and
* Capital expenditures of $57.0 million to $60.0 million, net
of minority interest.
The above guidance excludes the impact of certain one-time items as well as anticipated stock-based compensation expense and approximately $17.5 million of intangible asset amortization expense.
DISCLOSURE OF NON-GAAP FINANCIAL INFORMATION
EBITDA, Adjusted EBITDA, and Adjusted Net Income are non-GAAP financial measures provided as a complement to results prepared in accordance with accounting principles generally accepted within the United States of America. Management believes that the presentation of these measures and the identification of unusual, non-recurring, or non-cash items enhance an investor's understanding of the underlying trends in the Company's business and provide for better comparability between periods in different years.
Adjusted EBITDA excludes depreciation, accretion, and amortization expense as these amounts can vary substantially from company to company within our industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. Additionally, Adjusted EBITDA and Adjusted Net Income exclude certain non-recurring or non-cash items and, therefore, may not be comparable to similarly titled measures employed by other companies. The non-GAAP financial measures presented herein should not be considered in isolation or as a substitute for operating income, net income, cash flows from operating, investing, or financing activities, or other income or cash flow statement data prepared in accordance with GAAP.
A reconciliation of net loss to EBITDA, Adjusted EBITDA, and Adjusted Net Income is presented in tabular form at the end of this press release.
ABOUT CARDTRONICS
Headquartered in Houston, Texas, Cardtronics is the world's largest operator of ATMs. Cardtronics operates approximately 33,100 ATMs across its portfolio, with ATMs in every major U.S. market, approximately 2,500 ATMs throughout the United Kingdom, and approximately 2,000 ATMs in Mexico. Major merchant clients include 7-Eleven(r), Chevron(r), Costco(r), CVS(r)/pharmacy, Duane Reade(r), ExxonMobil(r), Rite Aid(r), Safeway(r), Sunoco(r), Target(r), and Walgreens(r). Complementing its ATM operations, Cardtronics works with financial institutions of all sizes to provide their customers with convenient cash access and deposit capabilities through ATM branding, surcharge-free programs, and image deposit. Approximately 10,000 Cardtronics owned and operated ATMs currently feature bank brands. For more information, please visit the Company's website at http://www.cardtronics.com/.
The Cardtronics logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=991
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations or forecasts of future events, future financial performance, strategies, expectations, competitive environment, regulation, and availability of resources. Many of the forward-looking statements contained in this release relate to our third quarter financial results and the underlying business events which generated those results. They include, among other things, statements concerning projections, predictions, expectations, estimates or forecasts as to our business, financial and operational results and future economic performance, and statements of management's goals and objectives and other similar expressions concerning matters that are not historical facts. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including risks and uncertainties relating to trends in ATM usage and alternative payment options; network security related to our EFT and third party processing platforms; changes in the ATM transaction fees the Company receives; decreases in the number of ATMs that can be placed with the Company's top merchants; the Company's reliance on third parties for cash management and other key outsourced services; changes in interest rates; declines in, or system failures that interrupt or delay, ATM transactions; the Company's ability to continue to execute its growth strategies; risks associated with the acquisition of other ATM networks; increased industry competition; increased regulation and regulatory uncertainty; changes in ATM technology; changes in foreign currency rates; and general and economic conditions.
You should not read forward-looking statements as a guarantee of future performance or results. They will not necessarily be accurate indications of the times at or by which such performance or results will be achieved. Forward-looking statements speak only as of the date the statements are made and are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Actual results may differ materially from such forward-looking statements for a number of reasons, including those set forth in the Company's filings with the SEC, including the Company's Annual Report on Form 10-K for the year ended December 31, 2007.
Consolidated Statements of Operations
For the Three and Nine Months Ended September 30, 2008 and 2007
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
------------------------ ------------------------
2008 2007 2008 2007
----------- ----------- ----------- -----------
(In thousands, except share and per
share information)
Revenues:
ATM operating
revenues $ 121,192 $ 106,234 $ 357,759 $ 251,854
Vcom operating
revenues 1,416 685 4,014 685
ATM product sales
and other
revenues 4,651 3,668 13,036 9,805
----------- ----------- ----------- -----------
Total revenues 127,259 110,587 374,809 262,344
Cost of revenues:
Cost of ATM
operating
revenues
(exclusive
of depreciation,
accretion, and
amortization
shown separately
below) 91,434 79,966 270,128 191,046
Cost of Vcom
operating
revenues 1,469 2,644 5,477 2,644
Cost of ATM
product sales
and other
revenues 4,064 3,111 11,890 9,196
----------- ----------- ----------- -----------
Total cost of
revenues 96,967 85,721 287,495 202,886
Gross profit 30,292 24,866 87,314 59,458
Operating
expenses:
Selling, general,
and
administrative
expenses 10,387 7,621 28,738 20,985
Depreciation and
accretion
expense 10,048 6,961 29,169 18,541
Amortization
expense 4,657 9,204 13,661 14,062
----------- ----------- ----------- -----------
Total operating
expenses 25,092 23,786 71,568 53,588
Income from
operations 5,200 1,080 15,746 5,870
Other (income)
expense:
Interest expense,
net 8,444 8,984 24,836 21,592
Minority interest
in subsidiary (814) (174) (814) (286)
Other loss 1,274 678 3,377 1,037
----------- ----------- ----------- -----------
Total other
expense 8,904 9,488 27,399 22,343
Loss before
income taxes (3,704) (8,408) (11,653) (16,473)
Income tax
expense 469 2,275 494 3,212
----------- ----------- ----------- -----------
Net loss (4,173) (10,683) (12,147) (19,685)
Preferred stock
accretion -- 67 -- 200
----------- ----------- ----------- -----------
Net loss
available to
common
shareholders $ (4,173) $ (10,750) $ (12,147) $ (19,885)
=========== =========== =========== ===========
Net loss per
common share -
basic and
diluted $ (0.11) $ (0.77) $ (0.31) $ (1.42)
=========== =========== =========== ===========
Weighted average
shares
outstanding
- basic and
diluted 38,920,887 14,026,960 38,749,233 14,006,822
=========== =========== =========== ===========
Consolidated Balance Sheets
As of September 30, 2008 and December 31, 2007
Sept. 30, Dec. 31,
2008 2007
--------- ---------
(Unaudited) (Audited)
(In thousands)
Assets
Current assets:
Cash and cash equivalents $ 1,205 $ 13,439
Accounts and notes receivable, net 26,098 23,248
Inventory 2,425 2,355
Restricted cash, short-term 2,958 5,900
Prepaid, deferred costs, and other current
assets 16,413 11,843
--------- ---------
Total current assets 49,099 56,785
Property and equipment, net 170,477 163,912
Intangible assets, net 116,125 130,901
Goodwill 227,139 235,185
Prepaid and other assets 4,907 4,502
--------- ---------
Total assets $ 567,747 $ 591,285
========= =========
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt $ 1,512 $ 882
Current portion of capital lease obligations 818 1,147
Current portion of other long-term
liabilities 18,170 16,201
Accounts payable and other accrued and
current liabilities 76,007 104,909
--------- ---------
Total current liabilities 96,507 123,139
Long-term liabilities:
Long-term debt, net of current portion 341,985 307,733
Capital lease obligations, net of current
portion 411 982
Deferred tax liability, net 11,740 11,480
Asset retirement obligations 19,103 17,448
Other long-term liabilities 14,950 23,392
--------- ---------
Total liabilities 484,696 484,174
Stockholders' equity 83,051 107,111
--------- ---------
Total liabilities and stockholders' equity $ 567,747 $ 591,285
========= =========
Key Operating Metrics
For the Three and Nine Months Ended September 30, 2008 and 2007
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
------------------ ------------------
2008 2007 2008 2007
-------- -------- -------- --------
Average number of
transacting ATMs:
United States: Company-
owned 12,326 11,427 12,288 11,517
United States: Merchant-
owned 10,641 11,611 10,781 11,718
United States: 7-Eleven
Financial Services
Business (1) 5,716 4,170 5,695 1,668
United Kingdom 2,518 1,794 2,389 1,602
Mexico 1,905 878 1,645 644
-------- -------- -------- --------
Total average number of
transacting ATMs 33,106 29,880 32,798 27,149
======== ======== ======== ========
Total transactions (in
thousands) 91,853 73,007 264,678 166,183
Total cash withdrawal
transactions (in
thousands) 59,095 49,710 171,694 113,934
Monthly cash withdrawal
transactions per ATM 595 555 582 466
Per ATM per month
amounts:
ATM operating revenues $ 1,220 $ 1,185 $ 1,212 $ 1,031
Cost of ATM operating
revenues (2) 920 892 915 782
-------- -------- -------- --------
ATM operating gross
profit (3) $ 300 $ 293 $ 297 $ 249
======== ======== ======== ========
ATM operating gross
margin (2) 24.6% 24.7% 24.5% 24.2%
Adjusted per ATM per
month amounts:
ATM operating revenues $ 1,220 $ 1,185 $ 1,212 $ 1,031
Adjusted cost of ATM
operating
revenues (2) (4) 910 884 903 772
-------- -------- -------- --------
Adjusted ATM operating
gross profit (3) $ 310 $ 301 $ 309 $ 259
======== ======== ======== ========
Adjusted ATM operating
gross margin (2) 25.4% 25.4% 25.5% 25.1%
Capital expenditures,
excluding acquisitions
and net of minority
interest (in thousands) $ 10,116 $ 20,185 $ 52,349 $ 44,230
------------------------
(1) The average number of transacting ATMs for the three and nine
months ended September 30, 2007 includes the ATM and Vcom units
acquired in the 7-Eleven ATM Transaction beginning from the
acquisition date (July 20, 2007) and continuing through
September 30, 2007. The actual number of transacting ATMs and
Vcom units from the acquisition date to September 30, 2007 was
5,560.
(2) Amounts presented exclude the effects of depreciation,
accretion, and amortization expense, which are presented
separately in our consolidated statements of operations.
(3) ATM operating gross profit is a measure of profitability that
uses only the revenue and expenses that relate to operating the
ATMs in our portfolio. Revenues and expenses from advanced-
functionality services, ATM equipment sales, and other ATM-
related services are not included.
(4) Adjusted cost of ATM operating revenues includes the same
adjustments to cost of revenues as those used to calculate
Adjusted EBITDA and Adjusted Net Income.
Reconciliation of Net Loss to EBITDA, Adjusted EBITDA,
and Adjusted Net Income
For the Three and Nine Months Ended September 30, 2008 and 2007
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
------------------------ ------------------------
2008 2007 2008 2007
----------- ----------- ----------- -----------
(In thousands, except share and per share amounts)
Net loss $ (4,173) $ (10,683) $ (12,147) $ (19,685)
Adjustments:
Interest expense,
net 7,913 8,545 23,267 20,437
Amortization of
deferred
financing
costs and bond
discounts 531 439 1,569 1,155
Income tax
(benefit)
expense 469 2,275 494 3,212
Depreciation and
accretion
expense 10,048 6,961 29,169 18,541
Amortization
expense 4,657 9,204 13,661 14,062
----------- ----------- ----------- -----------
EBITDA $ 19,445 $ 16,741 $ 56,013 $ 37,722
----------- ----------- ----------- -----------
Add back:
Other loss (1) 1,274 678 3,377 1,037
Minority interest (1,083) (152) (1,229) (67)
Adjustments to
cost of ATM
operating
revenues (2) 1,002 752 3,451 2,449
Adjustments to
selling,
general, and
administrative
expenses (3) 1,510 371 2,035 1,509
----------- ----------- ----------- -----------
Adjusted EBITDA $ 22,148 $ 18,390 $ 63,647 $ 42,650
----------- ----------- ----------- -----------
Less:
Interest expense,
net 7,913 8,545 23,267 20,437
Depreciation and
accretion
expense 10,048 6,961 29,169 18,541
Income tax
expense (at 35%) 1,466 1,009 3,924 1,285
----------- ----------- ----------- -----------
Adjusted Net
Income $ 2,721 $ 1,875 $ 7,287 $ 2,387
=========== =========== =========== ===========
Adjusted Net
Income per Share $ 0.07 $ 0.13 $ 0.19 $ 0.17
=========== =========== =========== ===========
Adjusted Net
Income per
Diluted Share $ 0.07 $ 0.08 $ 0.18 $ 0.10
=========== =========== =========== ===========
Weighted average
shares
outstanding
- basic 38,920,887 14,026,960 38,749,233 14,006,822
=========== =========== =========== ===========
Weighted average
shares
outstanding
- diluted 39,884,775 23,378,486 39,866,755 23,134,599
=========== =========== =========== ===========
-------------------
(1) Other losses for the three and nine month periods ended
September 30, 2008 and the three month period ended September
30, 2007 were primarily comprised of losses on the disposal of
fixed assets that were incurred in conjunction with the
deinstallation of ATMs during the periods. Other losses for the
nine months ended September 30, 2007 primarily consisted of
$1.5 million of losses on the disposal of fixed assets that
were incurred in connection with the deinstallation of ATMs
during the period, which were partially offset by $0.6 million
in gains on the sale of equity securities awarded to
Cardtronics pursuant to the bankruptcy plan of reorganization
of Winn-Dixie Stores, Inc., one of the Company's merchant
customers.
(2) Adjustments to cost of ATM operating revenues include the
following for the periods indicated:
Three Months Ended Nine Months Ended
September 30, September 30,
-------------------- --------------------
2008 2007 2008 2007
--------- --------- --------- ---------
(In thousands)
Charges related to
U.K. EMV
certification
delays $ (180) $ -- $ 1,169 $ --
U.K. in-house
armored operation
development costs 534 -- 817 --
In-house EFT
processing
conversion costs 421 579 707 1,734
Stock-based
compensation
expense 227 16 424 47
Triple-DES related
items -- 45 243 450
Other -- 112 91 218
--------- --------- --------- ---------
Total adjustments to
cost of ATM
operating revenues $ 1,002 $ 752 $ 3,451 $ 2,449
========= ========= ========= =========
(3) Adjustments to selling, general, and administrative expenses
include the following for the periods indicated:
Three Months Ended Nine Months Ended
September 30, September 30,
-------------------- --------------------
2008 2007 2008 2007
--------- --------- --------- ---------
(In thousands)
Stock-based
compensation expense $ 1,129 $ 297 $ 1,743 $ 721
Litigation
settlement costs -- 80 -- 748
Other 381 (6) 292 40
--------- --------- --------- ---------
Total adjustments to
selling, general, and
administrative expenses $ 1,510 $ 371 $ 2,035 $ 1,509
========= ========= ========= =========
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Cardtronics, Inc.
Cardtronics, Inc.
Investors:
J. Chris Brewster, Chief Financial Officer
281-892-0128
cbrewster@cardtronics.com
Media:
Joel Antonini, Vice President - Marketing
281-552-1131
joel.antonini@cardtronics.com
Tags: accounting acquisition annual report bank bond book business ceo contract debt ebitda environment equity expansion financial results financial services forecasts gaap hurricane interest rates market mexico nasdaq note pharmacy profit property rates retirement sales securities security statistics tax taxes technology united kingdom united states
Companies: Cardtronics Inc (CATM)
Pink October: 7-Eleven(R) Creates Pink Ribbon Donut To Raise Funds for Breast Cancer Awareness
DALLAS, Oct 03, 2008 (BUSINESS WIRE) --
7-Eleven, Inc. is baking fresh ribbon-shaped donuts every day this October to benefit Susan G. Komen for the Cure(R) during Breast Cancer Awareness Month. The yeast-raised donut twists are topped with pale-pink icing, sprinkles and tiny pink candy ribbons. Offered at a suggested retail price of $1.19, the freshly baked donuts are delivered every morning to participating 7-Eleven(R) stores. With 15 cents from each sale being donated to the Komen organization, the convenience retailer hopes to raise between $25,000 and $50,000 for the national charity.
Stores also are carrying an assortment of pink items to raise funds for various organizations supporting the fight against breast cancer.
"This is an easy, not to mention delicious, way for people to give to this important cause," said Joe Hermes, 7-Eleven's senior fresh food director. "They can grab a pink donut for themselves on the way to work, fill a box to take to the office or designate a day of the week as 'Passionately Pink for the Cure(R)' day with these donuts and other pink treats like M&Ms(R) Brand Chocolate Candies and coffee in pink mugs."
7-Eleven stores will feature a special display anchored by a refillable, stainless steel 16-ounce mug with a pink soft touch band around the top. The mug retails for $6.99 with the first hot beverage included, and refills are just 99 cents (suggested retail prices). Pink ribbon magnets, value-priced at $1.99, give consumers an opportunity to show their support of the cause at work and at home. A portion of sales will be donated to the Breast Cancer Research Foundation.
"Thanks to medical advances, early detection and treatment, women who get a diagnosis of breast cancer today have real hope," said Nancy Lear, 7-Eleven community relations manager. "With one in eight U.S. women developing this disease sometime in their lifetime, breast cancer impacts almost everyone either personally or through friends and family. Organizations like Susan G. Komen for the Cure and the Breast Cancer Research Foundation are helping doctors make strides toward controlling and ultimately eradicating this disease."
Besides pink ribbon donuts, refillable coffee mugs and refrigerator magnets, participating 7-Eleven stores also are carrying popular pink products from manufacturers that have made a commitment to contribute a portion of the proceeds to breast cancer charities for every item sold. Special edition TicTac mints, Hershey Kisses and M&M candies have specific product and/or packaging to commemorate Breast Cancer Awareness this month.
"Susan G. Komen for the Cure partners with a variety of organizations, offering hundreds of creative opportunities for all people to be a part of the breast cancer movement," said Katrina McGhee, vice president of marketing for Susan G. Komen for the Cure. "Our partnership with 7-Eleven is a great example of how people can support Komen's promise to end breast cancer by simply running their morning errands."
About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses approximately 7,600 7-Eleven(R) stores in North America. Globally, 7-Eleven operates, franchises or licenses more than 34,800 stores in 17 countries. During 2007, 7-Eleven stores worldwide generated total sales of more than $46.6 billion. Named the #1 Franchise Opportunity for 2008 by Entrepreneur magazine, 7-Eleven is franchising virtually all of its stores in the U.S., and is expanding through its Business Conversion Program, acquisitions, building new and leasing existing properties. Find out more online at www.7-Eleven.com.
SOURCE: 7-Eleven, Inc.
7-Eleven, Inc. Margaret Chabris, 972-828-7285 margaret.chabri@7-11.com
Tags: acquisition breast cancer business cancer charity coffee community disease doctors family food foundation franchises leasing licenses magazine marketing medical north america online packaging partnership president prices products research retail sales steel women
Kenan Advantage Group Signs Five-Year Agreement With 7-Eleven - Zibb.com
CANTON, Ohio, Sept 03, 2008 /PRNewswire via COMTEX/ --
Kenan Advantage Group ("KAG") today announced the signing of a five-year transportation agreement with 7-Eleven, Inc. KAG will be the single-source provider of bulk fuel transportation and logistics services to the world's premier convenience retailer. KAG is North America's largest bulk transportation and logistics provider to the petroleum and specialty products industries. 7-Eleven is the convenience store industry's largest chain with approximately 7,600 stores in North America serving approximately 7 million customers per day and some 34,600 worldwide. The contract, valued at more than $300 million, was signed on 7/11/08.
Dennis Nash, president and chief executive officer of KAG said, "Extending this long-standing agreement with 7-Eleven is an indication of the strength of our relationship and the value that we deliver as a 'single-source' provider with our national presence."
"Aligning ourselves with the country's largest convenience store operator speaks directly to our commitment to excellence and the value-added services we provide our customers," Nash said. "By building strong, long-term partnerships with our customers, both parties are better poised to meet the challenges of the future."
According to Gary Lockhart, 7-Eleven's vice president of gasoline supply, "We are focused on streamlining our business and gaining efficiencies which includes using companies such as KAG. This agreement provides a complete supply chain solution for our fuel needs today and positions us well for future growth."
Kenan Advantage Group (www.thekag.com) operates nationwide through its subsidiaries: Advantage Tank Lines, BXI, KAG West, Kenan Transport, Klemm Tank Lines, North Canton Transfer, Petro-Chemical Transport and Transport Service Co. KAG's fleet consists of more than 3,100 power units and 4,100 trailers. KAG also provides specialized supply chain logistics services through KAG Logistics and KAG Ethanol Logistics (www.kaglogistics.com).
SOURCE Kenan Advantage Group
http://www.thekag.com
Tags: business ceo ethanol gasoline north america president products transportation
News from Zibb.com
- REPLACING PHOTO 7-Eleven(R) Adds Plush Lab Puppies to its Menagerie Benefiting St. Jude Children's
- Cardtronics Announces Third Quarter 2008 Results - Zibb.com
- Pink October: 7-Eleven(R) Creates Pink Ribbon Donut To Raise Funds for Breast Cancer Awareness
- Kenan Advantage Group Signs Five-Year Agreement With 7-Eleven - Zibb.com
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