Vantiv has reported a 16.03 percent fall in profit for the quarter ended Sep. 30, 2014. The company has earned $29.99 million, or $0.20 a share in the quarter, compared with $35.71 million, or $0.24 a share for the same period last year.

Revenue during the quarter surged 30.95 percent to $697.11 million from $532.35 million in the previous year period. Total expenses were 85.95 percent of quarterly revenues, up from 83.05 percent for the same period last year. That has resulted in a contraction of 290 basis points in operating margin to 14.05 percent.

Operating income for the quarter was $97.91 million, compared with $90.22 million in the previous year period.

Cash Flow

Vantiv has generated cash of $462.80 million from operating activities during the nine month period, up 35.41 percent or $121.03 million, when compared with the last year period.

The company has spent $1,770.56 million cash to meet investing activities during the nine month period as against cash outgo of $212.35 million in the last year period. It has incurred net capital expenditure of $76.98 million on net basis during the nine month period, up 63.89 percent or $30.01 million from year ago period.

Cash flow from financing activities was $1,507.79 million for the nine month period, up 1,298.81 percent or $1,400 million, when compared with the last year period. It has borrowed net of $1,604.09 million through debt. It has spent net of $48.29 million on repurchase of common stocks.

Cash and cash equivalents stood at $371.45 million as on Sep. 30, 2014, up 22.08 percent or $67.19 million from $304.26 million on Sep. 30, 2013.

Working Capital

Vantiv has witnessed a decline in the working capital over the last year.   It stood at $205.79 million as at Sep. 30, 2014, down 13.25 percent or $31.42 million from $237.21 million on Sep. 30, 2013. Current ratio was at 1.24 as on Sep. 30, 2014, down from 1.25 on Sep. 30, 2013.

Debt Level

Vantiv has witnessed an increase in total debt over the last one year. It stood at $3,447.62 million as on Sep. 30, 2014, up 86.18 percent or $1,595.87 million from $1,851.75 million on Sep. 30, 2013.

Total debt was 54.96 percent of total assets as on Sep. 30, 2014, compared with 40.25 percent on Sep. 30, 2013. Debt to equity ratio was at 2.77 as on Sep. 30, 2014, up from 1.71 as on Sep. 30, 2013.