Company Quick10K Filing
Blackhawk Network
10-Q 2018-03-24 Filed 2018-05-02
10-K 2017-12-30 Filed 2018-02-28
10-Q 2017-09-09 Filed 2017-10-17
10-Q 2017-06-17 Filed 2017-07-26
10-Q 2017-03-25 Filed 2017-05-02
10-K 2016-12-31 Filed 2017-02-27
10-Q 2016-09-10 Filed 2016-10-19
10-Q 2016-06-18 Filed 2016-07-28
10-Q 2016-03-26 Filed 2016-05-04
10-K 2016-01-02 Filed 2016-03-02
10-Q 2015-09-12 Filed 2015-10-22
10-Q 2015-06-20 Filed 2015-07-29
10-Q 2015-03-28 Filed 2015-05-05
10-K 2015-01-03 Filed 2015-03-04
10-Q 2014-09-06 Filed 2014-10-14
10-Q 2014-06-14 Filed 2014-07-22
10-Q 2014-03-22 Filed 2014-04-30
10-K 2013-12-28 Filed 2014-03-17
10-Q 2013-09-07 Filed 2013-10-17
10-Q 2013-06-15 Filed 2013-07-25
10-Q 2013-03-23 Filed 2013-05-14
8-K 2018-06-15 Leave Agreement, M&A, Shareholder Rights, Control, Officers, Amend Bylaw, Other Events, Exhibits
8-K 2018-05-01 Earnings, Exhibits
8-K 2018-03-30 Shareholder Vote
8-K 2018-03-20 Other Events
8-K 2018-02-27 Earnings, Exhibits
8-K 2018-02-20 Officers
8-K 2018-01-15 Enter Agreement, Other Events, Exhibits

Blackhawk Network Financials

HAWK Metrics, Comps, Filings

Quarterly | Annual

Business

Blackhawk is a leading prepaid payment network utilizing proprietary technology to offer to consumers and businesses a broad range of prepaid cards in physical and electronic forms, as well as related prepaid products, payment services and incentives solutions. We distribute our prepaid products to consumers through our retail distribution partners and online through our websites or websites operated by third-party distribution partners. We also provide prepaid products and related services to business clients. Our prepaid products include closed loop gift cards which are redeemable at a specific merchant, open loop gift and incentive cards which are redeemable where the network association (Visa, MasterCard, American Express, or Discover) are accepted, prepaid telecom cards, and general-purpose reloadable ("GPR") cards and related reload services. We currently offer our products and/or solutions directly or through commercial relationships in the United States and 25 other countries and can deliver solutions in over 100 countries.

We were founded in 2001 as a division of Safeway Inc. ("Safeway", which merged with Albertsons Holdings LLC in January 2015 and is referred to hereinafter as "Albertsons/Safeway"). We were incorporated in Delaware in 2006 and completed our initial public offering in April 2013. In April 2014, Safeway distributed the remaining shares it then held to its shareholders (the "Spin-Off"). In May 2015, we converted all outstanding shares of our Class B common stock into shares of Class A common stock on a one-for-one basis and renamed Class A common stock as common stock which continues to trade on the Nasdaq exchange under the symbol "HAWK".

We believe our extensive network provides significant benefits to our key constituents: consumers who purchase, receive or use the products and services we offer; content providers who offer branded gift cards and other prepaid products that are redeemable for goods and services; distribution partners who sell those products; and business clients that distribute our products as customer incentives or rewards, or offer one or more of our incentive platforms to their employees or sales forces. For consumers, we provide convenience and value by offering a broad variety of quality brands and content through physical and digital retail distribution locations or through loyalty, incentive and reward programs offered by our business clients. For our content providers, we drive incremental sales by providing access to millions of consumers and creating new customer relationships. For our retail distribution partners, we provide an important product category that can drive incremental in-store and online traffic and customer loyalty. For our business clients, we provide a wide array of services, software and prepaid products to enhance their customer loyalty, sales channel incentive and employee engagement programs. Our technology platforms allow us to efficiently and seamlessly connect our network participants and offer new products and services as payment technologies evolve. We believe the breadth of our distribution network and product content, combined with our consumer reach and technology platforms, create powerful network effects that enhance value for our constituents.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Amtrust Financial Services (AFSI) 2,888 0% 7.6 1% 25,690 22,231 6,689 0 261 250 1,894
Mazor Robotics (MZOR) 2,794 0% 131 17 0 0 0 0 2,794
BridgeBio Pharma (BBIO) 2,745 0% -41.0 -9% 641 116 27 0 -61 -59 2,406
Steadfast Income REIT (SFR) 2,707 0% 20.7 12% 851 524 124 0 103 149 3,080
Syntel (SYNT) 2,670 38% 9.6 37% 488 423 966 363 178 271 2,592
Wiley John & Sons (JWA) 2,612 68% 9.8 5% 3,083 1,904 1,830 1,249 147 338 3,299
LifePoint Health (LPNT) 2,572 0% 10.3 1% 6,277 3,845 4,730 0 46 517 5,298
Blackhawk Network (HAWK) 2,552 81% -321.4 -6% 2,726 2,037 2,254 1,814 -158 -9 2,906
Longfin (LFIN) 2,541 0% -173.8 -11% 173 45 160 0 -18 -15 2,541
Verifone (PAY) 2,539 40% 39.3 -3% 2,343 1,573 1,819 725 -77 82 3,220
Linn Energy (LNGG) 2,500 0% -49.6 -2% 2,922 1,433 297 0 -70 -65 3,229
Convergys (CVG) 2,494 38% 9.6 4% 2,205 796 2,701 1,018 87 266 2,562
Ocean Rig UDW (ORIG) 2,396 0% 2,852 649 0 0 0 0 2,192
FCB Financial (FCB) 2,389 11.9 0% 12,433 11,056 0 0 0 185 2,188
iHeartMedia (IHRT) 2,182 0% 8.0 3% 10,935 4,738 0 319 959 7,703
Cloudflare (NET) 2,153 78% -50.0 -5% 840 99 74 58 -41 -33 1,645
PagerDuty (PD) 2,146 85% -52.5 -9% 420 116 120 102 -40 -37 1,970
Pinnacle Entertainment (PNK) 2,104 0% 4.0 2% 3,859 4,140 2,544 0 80 673 2,702
Tesaro (TSRO) 2,098 69% -3.8 -91% 711 842 219 151 -649 -587 2,256
Porter Holding International (ULNV) 2,022 49% -3,780.1 -18% 3 4 2 1 -1 -1 2,022

Balance Sheet ($MM)2013-06-152013-09-072013-12-282014-03-222014-06-142014-09-062015-01-032015-03-282015-06-202015-09-122016-01-022016-03-262016-06-182016-09-102016-12-312017-03-252017-06-172017-09-092017-12-302018-03-24
Cash1041035501353002209122192772159152132643001,0082152953051,096421
Accounts Receivable8692126118122126181177178189242225227200263259263226185152
Inventory3741485237413436444943403739
PP&E7071162828595233132135154290166165169346173174181396172
Assets7396481,9819141,1671,1562,4861,8031,9332,0023,1132,2212,3342,2943,5962,5592,7262,9124,1402,726
Accounts Payable9977829011710411311311910598104154144147142156125
Long-Term Debt165165375325325325364269269138650131690690715775
Liabilities5804861,7536849279132,1981,1381,2431,3162,3791,4641,5711,5262,8031,7711,9222,0843,4702,037
Stockholders' Equity159161221223233237281658684682730753759764788784800824666685
Income Statement ($MM)2013-06-152013-09-072013-12-282014-03-222014-06-142014-09-062015-01-032015-03-282015-06-202015-09-122016-01-022016-03-262016-06-182016-09-102016-12-312017-03-252017-06-172017-09-092017-12-302018-03-24
Revenue226206521233284269659320372353756366391362781407463419942429
Cost of Revenue3435159424547856466681037376751311021089414593
Gross Profit192171362191239222574256306284653293315286650305355325797336
R&D
SG&A494092531005888628472137788475138921038316694
Tax2226-2302635-322-3-7-815-10-5-12144-12
Net Income3249-3514353-442-4-11-525-13-6-8-128-16
Cash Flow ($MM)2013-06-152013-09-072013-12-282014-03-222014-06-142014-09-062015-01-032015-03-282015-06-202015-09-122016-01-022016-03-262016-06-182016-09-102016-12-312017-03-252017-06-172017-09-092017-12-302018-03-24
Cash Operating-49566-519108-52750-67576-26824-7481044825-76653987-853
Cash Investing50-120-10-6-29-238-12-12-130-18-122-44-10-113-33-160-68-17
Cash Financing-021156241880-797-103167-12445-1109-12751