7Baggers

Shift4 Payments, Inc
(NYSE:FOUR) 

FOUR stock logo

Shift4 Payments, Inc. provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-ch...

Founded: 1999
IPO Price: $23 (Jun 05, 2020)
CEO: Jared Isaacman  
Sector: Technology
Industry: Software-Infrastructure

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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 
                            
      gross revenue
    1,121,000,000 1,188,600,000 1,176,900,000 966,200,000 848,300,000 887,000,000 909,200,000 827,000,000 707,400,000 705,400,000 675,400,000 637,000,000 547,000,000 537,700,000 547,300,000 506,700,000 401,900,000 399,400,000 377,800,000 351,000,000 239,300,000 210,900,000 214,800,000 141,800,000 
      yoy
    32.15% 34.00% 29.44% 16.83% 19.92% 25.74% 34.62% 29.83% 29.32% 31.19% 23.41% 25.72% 36.10% 34.63% 44.87% 44.36% 67.95% 89.38% 75.88% 147.53%     
      qoq
    -5.69% 0.99% 21.81% 13.90% -4.36% -2.44% 9.94% 16.91% 0.28% 4.44% 6.03% 16.45% 1.73% -1.75% 8.01% 26.08% 0.63% 5.72% 7.64% 46.68% 13.47% -1.82% 51.48%  
      cost of sales
    -729,000,000 -739,100,000 -747,900,000 -673,700,000 -591,300,000 -600,800,000 -641,900,000 -595,200,000 -519,600,000 -510,200,000 -495,100,000 -470,100,000 -401,600,000 -393,600,000 -411,600,000 400,900,000 317,300,000 315,300,000 313,400,000 272,900,000 187,500,000 161,400,000 163,300,000 109,500,000 
      general and administrative expenses
    -216,000,000 -209,200,000 -188,400,000 -130,400,000 -154,000,000 -124,100,000 -118,200,000 -110,100,000 -107,100,000 -85,200,000 -76,300,000 -82,100,000 -85,700,000 -68,800,000 -74,100,000 58,000,000 66,200,000 66,200,000 48,100,000 51,700,000 53,500,000 33,000,000 35,500,000 89,200,000 
      revaluation of contingent liabilities
     -3,400,000 2,800,000 900,000 3,700,000 -100,000 -1,500,000 -300,000 -2,100,000 -1,600,000 -8,900,000 -5,600,000 -7,000,000 -600,000 36,900,000          
      depreciation and amortization expense
    -94,000,000 -90,600,000 -85,800,000 -57,600,000 -56,000,000 -56,400,000 -51,600,000 -46,700,000 -44,800,000 -42,600,000 -40,000,000 -35,900,000 -35,300,000 -33,600,000 -28,900,000 16,700,000 17,300,000 16,300,000 15,000,000 15,500,000 15,400,000 14,800,000 16,200,000 10,400,000 
      professional expenses
    -21,000,000 -17,900,000 -35,300,000 -15,200,000 -18,600,000 -12,400,000 -9,400,000 -11,600,000 -8,000,000 -15,900,000 -5,700,000              
      advertising and marketing expenses
    -11,000,000 -10,500,000 -7,700,000 -7,100,000 -6,700,000 -7,200,000 -6,200,000 -3,900,000 -4,400,000 -3,900,000 -4,700,000 -4,000,000 -2,500,000 -3,700,000 -5,600,000 2,900,000 2,700,000 2,800,000 3,500,000 2,500,000 20,100,000 1,100,000 800,000 800,000 
      income from operations
    50,000,000 127,900,000 114,600,000 83,100,000 25,400,000 86,000,000 80,400,000 59,200,000 21,400,000 27,400,000 44,700,000 33,900,000 8,800,000 30,000,000 53,500,000 22,900,000 -11,700,000 -5,000,000 -5,600,000 4,900,000 -43,500,000 -5,100,000 -4,000,000 -57,000,000 
      yoy
    96.85% 48.72% 42.54% 40.37% 18.69% 213.87% 79.87% 74.63% 143.18% -8.67% -16.45% 48.03% -175.21% -700.00% -1055.36% 367.35% -73.10% -1.96% 40.00% -108.60%     
      qoq
    -60.91% 11.61% 37.91% 227.17% -70.47% 6.97% 35.81% 176.64% -21.90% -38.70% 31.86% 285.23% -70.67% -43.93% 133.62% -295.73% 134.00% -10.71% -214.29% -111.26% 752.94% 27.50% -92.98%  
      operating margin %
    4.46% 10.76% 9.74% 8.60% 2.99% 9.70% 8.84% 7.16% 3.03% 3.88% 6.62% 5.32% 1.61% 5.58% 9.78% 4.52% -2.91% -1.25% -1.48% 1.40% -18.18% -2.42% -1.86% -40.20% 
      interest income
    5,000,000 9,900,000 17,500,000 19,200,000 12,400,000 13,600,000 9,700,000 5,000,000 5,400,000 5,900,000 9,600,000 8,800,000 7,600,000 5,900,000 3,500,000 1,400,000         
      other expense
    -2,000,000                        
      change in tra liability
     -6,000,000 -200,000 -800,000 3,000,000 5,200,000 -289,400,000 -3,600,000 -1,200,000 -600,000 -1,500,000 -800,000 -500,000 -600,000 -1,100,000          
      interest expense
    -65,000,000 -61,300,000 -60,800,000 -39,400,000 -28,500,000 -27,300,000 -18,300,000 -8,100,000 -8,100,000 -8,000,000 -8,000,000 -8,000,000 -8,100,000 -7,900,000 -8,300,000 -8,400,000 -7,900,000 -7,800,000 -7,400,000 -6,300,000 -6,500,000 -8,100,000 -7,100,000 -11,700,000 
      income before income taxes
    -12,000,000 67,400,000 60,500,000 55,700,000 11,400,000 124,100,000 -208,300,000 52,700,000 29,900,000 21,800,000 47,400,000 33,500,000 16,800,000 42,700,000 47,600,000 16,000,000 -19,400,000 -12,700,000 -12,800,000 -1,400,000 -50,200,000 -22,700,000 -10,600,000 -75,600,000 
      income tax benefit
    24,000,000 -14,400,000 -27,100,000 -14,600,000 8,100,000 15,200,000 280,500,000 1,800,000 -1,400,000 -2,600,000 -900,000 3,300,000 3,600,000 -4,200,000 -1,200,000 -1,000,000 6,200,000 -1,000,000 -1,000,000 5,900,000  1,400,000 700,000 600,000 
      net income
    12,000,000 53,000,000 33,400,000 41,100,000 19,500,000 139,300,000 72,200,000 54,500,000 28,500,000 19,200,000 46,500,000 36,800,000 20,400,000 38,500,000 46,400,000 15,000,000 -13,200,000 -13,700,000 -13,800,000 4,500,000 -51,000,000 -21,300,000 -9,900,000 -75,000,000 
      yoy
    -38.46% -61.95% -53.74% -24.59% -31.58% 625.52% 55.27% 48.10% 39.71% -50.13% 0.22% 145.33% -254.55% -381.02% -436.23% 233.33% -74.12% -35.68% 39.39% -106.00%     
      qoq
    -77.36% 58.68% -18.73% 110.77% -86.00% 92.94% 32.48% 91.23% 48.44% -58.71% 26.36% 80.39% -47.01% -17.03% 209.33% -213.64% -3.65% -0.72% -406.67% -108.82% 139.44% 115.15% -86.80%  
      net income margin %
    1.07% 4.46% 2.84% 4.25% 2.30% 15.70% 7.94% 6.59% 4.03% 2.72% 6.88% 5.78% 3.73% 7.16% 8.48% 2.96% -3.28% -3.43% -3.65% 1.28% -21.31% -10.10% -4.61% -52.89% 
      less: net loss attributable to noncontrolling interests
    3,000,000                        
      net income attributable to shift4 payments, inc.
    15,000,000 40,200,000 28,100,000 34,000,000 16,700,000 116,000,000 53,800,000 39,200,000 20,600,000 13,700,000 32,600,000 25,100,000 14,800,000 29,200,000 43,100,000 10,300,000    3,200,000     
      less: preferred dividends
    -16,000,000                        
      net income attributable to common stockholders
    -1,000,000 24,800,000 13,000,000 24,500,000                     
      net income per share
                            
      basic
    -0.01                        
      diluted
    -0.01                        
      weighted-average class a and class c common shares outstanding
                            
      basic
    73,641,439                        
      diluted
    73,641,439                        
      see accompanying notes to unaudited condensed consolidated financial statements.
                            
      loss on extinguishment of debt
     300,000 -9,200,000 -3,100,000                 -200,000 -9,500,000  -7,100,000 
      other income
     -3,400,000 -1,400,000 -3,000,000 -1,200,000 1,500,000 -1,500,000 400,000 1,400,000 -3,600,000  -400,000 100,000 200,000  100,000 200,000 100,000 200,000    500,000 200,000 
      gain on investments in securities
       -300,000 300,000                    
      less: net income attributable to noncontrolling interests
     -12,800,000 -5,300,000 -7,100,000 -2,800,000 -23,300,000 -18,400,000 -15,300,000 7,900,000 5,500,000 13,900,000              
      less: dividends on preferred stock and redeemable noncontrolling interests
     -15,400,000 -15,100,000                      
      basic net income per share
                            
      class a net income per share - basic
     0.37 0.19 0.35 0.24 1.68 0.78 0.59 0.31 0.21 0.56 0.43 0.26 0.52 0.78 0.19         
      class a weighted-average common stock outstanding - basic
     66,726,911 67,243,324 66,456,102 67,700,208 66,009,448 66,791,329 64,438,168 64,444,479 57,738,871 56,537,008 56,914,370 55,236,204 52,303,968 51,502,825 51,790,403         
      class c net income per share - basic
     0.37 0.19 0.35 0.24 1.68 0.78 0.59 0.31 0.21 0.56 0.43 0.26 0.52 0.78 0.19         
      class c weighted-average common stock outstanding - basic
     1,333,686 1,318,499 1,345,698 1,452,252 1,668,826 1,659,314 1,689,805 1,694,915 1,942,054 1,759,273 2,061,569 2,241,648 3,864,579 3,648,580 4,006,159         
      diluted net income per share
                            
      class a net income per share - diluted
     0.38 0.17 0.32 0.2 1.44 0.74 0.58 0.31 0.21 0.55 0.42 0.24 0.47 0.57 0.18         
      class a weighted-average common stock outstanding - diluted
     87,620,658 89,364,422 87,917,559 90,703,736 89,854,352 89,356,938 65,564,817 65,962,229 59,048,350 57,673,083 58,173,624 82,238,704 78,903,737 77,801,346 78,514,880         
      class c net income per share - diluted
     0.38 0.17 0.32 0.2 1.44 0.74 0.58 0.31 0.21 0.55 0.42 0.24 0.47 0.57 0.18         
      class c weighted-average common stock outstanding - diluted
     1,333,686 1,318,499 1,345,698 1,452,252 1,668,826 1,659,314 1,689,805 1,694,915 1,942,054 1,759,273 2,061,569 2,241,648 3,864,579 3,648,580 4,006,159         
      less: preferred stock dividend
       -9,500,000                     
      unrealized gain on investments in securities
         5,400,000 10,800,000 -200,000 11,000,000 700,000 2,600,000  8,900,000            
      professional fees
               -5,400,000 -6,100,000 -9,000,000 -10,400,000 5,200,000 8,700,000 3,800,000 3,300,000 3,500,000 6,200,000 4,900,000 2,900,000 1,200,000 
      net income attributable to noncontrolling interests
               11,700,000 5,600,000 9,300,000 3,300,000 4,700,000    1,300,000     
      restructuring expenses
                 -50,000 -100,000 100,000   100,000  100,000  100,000 100,000 
      transaction-related expenses
                 -350,000   1,400,000        
      basic net income per share:
                            
      diluted net income per share:
                            
      gross profit
                   105,800,000 84,600,000 84,100,000 64,400,000 78,100,000 51,800,000 49,500,000 51,500,000 32,300,000 
      yoy
                   35.47% 63.32% 69.90% 25.05% 141.80%     
      qoq
                   25.06% 0.59% 30.59% -17.54% 50.77% 4.65% -3.88% 59.44%  
      gross margin %
    0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 20.88% 21.05% 21.06% 17.05% 22.25% 21.65% 23.47% 23.98% 22.78% 
      total operating expenses
                   82,900,000 96,300,000 89,100,000 70,000,000 73,200,000 95,300,000 54,600,000 55,500,000 89,300,000 
      net loss attributable to noncontrolling interests
                    -5,700,000 -4,300,000 -4,600,000  -18,200,000 -87,100,000 -4,900,000 -1,000,000 
      net loss attributable to shift4 payments, inc.
                    -7,500,000 -9,400,000 -9,200,000  -32,800,000 65,800,000 -5,000,000 -74,000,000 
      basic and diluted net loss per share:
                            
      class a net loss per share - basic and diluted
                    -0.13 -0.17 -0.17      
      class a weighted-average common stock outstanding - basic and diluted
                    52,119,378 47,594,839 49,692,599      
      class c net loss per share - basic and diluted
                    -0.13 -0.17 -0.17      
      class c weighted-average common stock outstanding - basic and diluted
                    4,573,372 7,329,534 6,117,997      
      (a) net loss is equal to comprehensive loss.
                            
      (b) net loss attributable to noncontrolling interests is equal to comprehensive loss attributable to noncontrolling interests.
                            
      (c) net loss attributable to shift4 payments, inc. is equal to comprehensive loss attributable to shift4 payments, inc.
                            
      other operating expense
                           -12,400,000 
      class a basic net income per share
                       0.06     
      basic weighted-average common stock outstanding
                       46,297,553     
      class c basic net income per share
                       0.06     
      class a diluted net income per share
                       0.05     
      diluted weighted-average common stock outstanding
                       76,995,332     
      class c diluted net income per share
                       0.05     
      income tax provision
                        -800,000    
      class a net loss per share
                        -0.62 -0.28 -0.12 -0.03 
      weighted-average common stock outstanding
                        42,667,754 28,148,355 23,309,247 19,002,563 
      class c net loss per share
                        -0.62 -0.28 -0.12 -0.03 
                            
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 
                              
        assets
                              
        current assets
                              
        cash and cash equivalents
      473,000,000 964,000,000 1,511,500,000 3,029,300,000 1,167,300,000 1,211,900,000 1,426,400,000 205,000,000 522,900,000 455,000,000 692,300,000 649,000,000 743,900,000 776,500,000 672,700,000 1,018,200,000 1,189,000,000 1,231,500,000 1,288,100,000 699,700,000 844,900,000 927,800,000 328,900,000  
        settlement assets
      756,000,000 350,000,000 288,000,000 312,200,000 289,000,000 298,100,000 283,200,000 279,100,000 316,400,000 321,200,000               
        accounts receivable
      694,000,000 742,000,000 771,500,000 372,700,000 330,600,000 348,700,000 317,800,000 310,500,000 252,200,000 256,800,000 232,100,000 228,700,000 209,300,000 195,000,000 262,200,000 251,300,000 223,000,000 205,900,000 184,400,000 177,200,000 127,900,000 92,700,000 91,300,000 68,600,000 
        prepaid expenses and other current assets
      138,000,000 125,000,000 129,100,000 65,200,000 57,200,000 42,800,000 60,100,000 50,200,000 39,300,000 32,500,000 20,700,000 16,500,000 17,500,000 15,400,000 19,900,000 12,100,000 12,900,000 12,400,000 13,200,000 14,800,000 11,800,000 11,500,000 12,300,000 11,000,000 
        total current assets
      2,061,000,000 2,181,000,000 2,700,100,000 3,779,400,000 1,844,100,000 1,910,400,000 2,094,600,000 927,700,000 1,190,800,000 1,153,300,000 1,038,600,000 973,300,000 1,049,000,000 991,700,000 960,700,000 1,283,900,000 1,428,100,000 1,453,600,000 1,487,700,000 893,300,000 986,200,000 1,033,500,000 433,700,000 332,000,000 
        noncurrent assets
                              
        equipment for lease
      249,000,000 233,000,000 208,700,000 192,900,000 176,900,000 165,100,000 156,900,000 144,500,000 133,000,000 123,100,000 111,100,000 100,800,000 89,600,000 80,700,000 70,500,000 65,200,000 60,000,000 58,400,000 56,300,000 47,200,000 41,000,000 36,600,000 32,700,000  
        property, plant and equipment
      43,000,000 42,000,000 45,300,000 22,200,000 24,000,000 27,200,000 27,400,000 28,500,000 27,300,000 28,600,000 27,900,000 27,000,000 23,700,000 22,300,000 21,400,000 17,700,000 18,100,000 18,400,000 17,800,000 17,500,000 14,500,000 15,100,000 14,000,000 14,200,000 
        right-of-use assets
      57,000,000 67,000,000 61,900,000 33,600,000 35,200,000 36,900,000 30,600,000 29,700,000 20,900,000 22,800,000 21,500,000 20,700,000 20,600,000 19,500,000 16,700,000 16,200,000         
        goodwill
      2,707,000,000 2,704,000,000 2,465,500,000 1,517,700,000 1,472,200,000 1,455,600,000 1,324,000,000 1,299,900,000 1,107,400,000 1,111,300,000 755,400,000 757,100,000 737,000,000 735,000,000 777,300,000 627,100,000 627,000,000 537,700,000 537,600,000 525,200,000 525,000,000 477,000,000 422,000,000 422,000,000 
        capitalized customer acquisition costs
      93,000,000 89,000,000 80,200,000 72,400,000 66,900,000 65,300,000 63,300,000 59,000,000 55,600,000 51,700,000 48,300,000 43,900,000 39,600,000 36,100,000 35,200,000          
        other intangible assets
      2,884,000,000 2,829,000,000 2,827,500,000 778,700,000 767,300,000 758,400,000 672,100,000 674,000,000 534,400,000 548,800,000 324,500,000 332,400,000 306,000,000 306,800,000 561,700,000 219,000,000 213,000,000 188,500,000 188,300,000 185,100,000 194,000,000 186,300,000 183,000,000 192,200,000 
        deferred tax assets
      599,000,000 391,000,000 411,800,000 391,600,000 396,300,000 396,800,000 370,900,000                  
        other noncurrent assets
      64,000,000 43,000,000 39,400,000 41,400,000 46,100,000 31,000,000 23,800,000 33,100,000 19,000,000 18,700,000 12,300,000 10,700,000 10,400,000 10,900,000 10,200,000 1,900,000 1,600,000 1,900,000 2,100,000 500,000 600,000 600,000 500,000 1,300,000 
        total assets
      8,757,000,000 8,713,000,000 8,989,800,000 6,990,600,000 5,003,700,000 5,041,400,000 5,048,900,000 3,494,200,000 3,407,800,000 3,387,800,000 2,649,900,000 2,590,600,000 2,614,900,000 2,554,000,000 2,485,700,000 2,299,600,000 2,432,100,000 2,342,600,000 2,355,100,000 1,731,100,000 1,808,600,000 1,779,300,000 1,115,600,000 1,014,300,000 
        liabilities and stockholders' equity
                              
        current liabilities
                              
        current portion of debt
      10,000,000 10,000,000 699,400,000 688,600,000 687,800,000 686,900,000                900,000 1,800,000 2,600,000 
        settlement liabilities
      756,000,000 343,000,000 279,700,000 308,200,000 281,900,000 293,300,000 278,300,000 274,400,000 308,700,000 315,200,000               
        accounts payable
      615,000,000 679,000,000 670,000,000 284,600,000 263,000,000 248,300,000 252,000,000 263,900,000 224,400,000 204,600,000 181,300,000 189,300,000 173,800,000 166,700,000 177,100,000 155,200,000 137,300,000 121,100,000 125,800,000 116,400,000 87,500,000 60,600,000 76,700,000 64,800,000 
        accrued expenses and other current liabilities
      267,000,000 229,000,000 251,000,000 161,700,000 100,600,000 120,500,000 138,100,000 120,500,000 94,600,000 83,900,000 110,100,000 89,200,000 82,500,000 80,000,000 86,600,000 97,300,000 95,200,000 42,900,000 37,400,000 36,200,000 37,000,000 30,100,000 26,500,000 24,400,000 
        current portion of tra liability
      20,000,000 23,000,000 25,900,000 25,800,000 1,100,000 4,300,000                   
        current lease liabilities
      18,000,000 17,000,000 18,000,000 10,800,000 10,900,000 11,000,000 8,700,000 8,900,000 7,400,000 7,800,000 6,700,000 6,100,000 5,800,000 5,300,000 4,600,000 4,100,000 4,400,000 4,800,000       
        total current liabilities
      1,686,000,000 1,314,000,000 1,958,000,000 1,492,600,000 1,356,300,000 1,379,800,000 703,400,000 686,300,000 700,300,000 704,400,000 313,000,000 300,400,000 283,100,000 268,300,000 288,600,000 275,300,000 258,800,000 183,800,000 180,000,000 164,600,000 139,000,000 99,400,000 113,100,000 100,000,000 
        noncurrent liabilities
                              
        long-term debt
      4,512,000,000 4,536,000,000 4,019,800,000 3,043,200,000 2,155,700,000 2,154,100,000 2,838,000,000 1,754,300,000 1,752,300,000 1,750,200,000 1,748,100,000 1,746,000,000 1,744,000,000 1,741,900,000 1,739,800,000 1,737,800,000 1,735,900,000 1,738,500,000 1,736,800,000 1,117,600,000 1,116,400,000 1,005,400,000 437,700,000 437,400,000 
        noncurrent portion of tra liability
      227,000,000 346,000,000 336,300,000 336,400,000 361,400,000 361,200,000                   
        deferred tax liabilities
      478,000,000 471,000,000 348,900,000 40,800,000 44,400,000 60,600,000 32,700,000                  
        noncurrent lease liabilities
      42,000,000 53,000,000 51,200,000 26,000,000 27,600,000 29,300,000 25,400,000 24,400,000 17,000,000 18,800,000 18,800,000 18,500,000 18,800,000 18,100,000 15,900,000 16,000,000 16,600,000 17,900,000       
        other noncurrent liabilities
      32,000,000 36,000,000 43,600,000 32,800,000 42,300,000 38,700,000 35,700,000 39,300,000 14,800,000 17,300,000 11,600,000 28,700,000 29,500,000 26,500,000 11,300,000 1,900,000 2,200,000 2,400,000 2,900,000 2,100,000 1,400,000 1,700,000 2,100,000 2,600,000 
        total liabilities
      6,977,000,000 6,756,000,000 6,757,800,000 4,971,800,000 3,987,700,000 4,023,700,000 4,001,100,000 2,535,400,000 2,512,000,000 2,519,400,000 2,108,900,000 2,111,400,000 2,088,500,000 2,073,400,000 2,064,900,000 2,032,200,000 2,013,900,000 1,942,900,000 1,919,700,000 1,284,900,000 1,259,500,000 1,109,300,000 558,100,000 543,700,000 
        redeemable noncontrolling interests
      10,000,000 10,000,000 28,000,000 28,200,000                     
        stockholders' equity
                              
        series a mandatory convertible preferred stock, 0.0001 par value...
       973,000,000 973,200,000 973,600,000                     
        common stock
                              
        class a - 300,000,000 shares authorized, 79,328,812 and 63,666,837 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively.
                              
        class b - 60,795,011 shares authorized, no and 19,801,028 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively.
                              
        class c - 100,000,000 shares authorized, no and 1,123,309 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively.
                              
        additional paid-in capital - common stock
      1,297,000,000                        
        additional paid-in capital - preferred stock
      1,005,000,000                        
        accumulated other comprehensive income
      -5,000,000 47,000,000 47,100,000 62,900,000  -28,200,000 20,600,000 -7,100,000 3,500,000 14,100,000 6,300,000 10,300,000 10,400,000 8,300,000           
        retained deficit
      -644,000,000 -467,000,000 -283,400,000 -296,400,000 -259,600,000 -228,200,000 -257,500,000 -297,800,000 -326,100,000 -346,700,000 -355,000,000 -387,600,000 -348,800,000 -363,600,000 -392,800,000 -422,800,000 -332,800,000 -325,300,000 -315,900,000 -306,700,000 -309,900,000 -278,700,000 -262,600,000 -257,600,000 
        total stockholders' equity attributable to shift4 payments, inc.
      1,653,000,000 1,442,000,000 1,669,700,000 1,592,500,000 805,200,000 806,600,000 811,800,000 700,800,000 674,500,000 653,300,000 400,200,000 356,500,000 391,800,000 347,300,000 302,500,000 183,500,000 288,500,000 272,800,000 298,400,000 294,600,000 350,600,000    
        non-redeemable noncontrolling interests
      117,000,000 505,000,000 534,300,000 398,100,000                     
        total stockholders' equity
      1,770,000,000 1,947,000,000 2,204,000,000 1,990,600,000 1,016,000,000 1,017,700,000 1,047,800,000 958,800,000 895,800,000 868,400,000 541,000,000 479,200,000 526,400,000 480,600,000 420,800,000 267,400,000 418,200,000 399,700,000 435,400,000 446,200,000 549,100,000    
        total liabilities, redeemable noncontrolling interests and stockholders' equity
      8,757,000,000  8,989,800,000 6,990,600,000                     
        see accompanying notes to unaudited condensed consolidated financial statements.
                              
        collateral held by the card networks
       42,000,000 41,600,000 41,400,000 38,800,000 37,500,000 39,100,000 37,500,000 37,500,000 37,700,000               
        residual commission buyouts
       92,000,000 107,800,000 119,300,000 135,900,000 157,200,000 167,300,000 187,400,000 208,800,000 229,600,000 251,700,000 268,700,000 283,000,000 303,900,000           
        deferred revenue
       13,000,000 14,000,000 12,900,000 11,000,000 15,500,000 22,100,000 18,600,000 14,700,000 20,600,000 14,900,000 15,800,000 21,000,000 16,300,000 20,300,000 18,700,000 21,900,000 15,000,000 16,800,000 12,000,000 14,500,000 7,800,000 8,100,000 8,200,000 
        commitments and contingencies
                              
        class a common stock, 0.0001 par value per share...
                              
        class b common stock, 0.0001 par value per share...
                              
        class c common stock, 0.0001 par value per share...
                              
        additional paid-in capital
       889,000,000 932,800,000 852,400,000 1,067,400,000 1,063,000,000 1,048,700,000 1,005,700,000 997,100,000 985,900,000 748,900,000 733,800,000 730,200,000 702,600,000 696,000,000 635,500,000 659,600,000 619,200,000 614,300,000 601,300,000 660,500,000 738,300,000 572,600,000 517,700,000 
        total liabilities and stockholders' equity
       8,713,000,000   5,003,700,000 5,041,400,000 5,048,900,000 3,494,200,000 3,407,800,000 3,387,800,000 2,649,900,000 2,590,600,000 2,614,900,000 2,554,000,000 2,485,700,000 2,299,600,000 2,432,100,000 2,342,600,000 2,355,100,000 1,731,100,000 1,808,600,000    
        see accompanying notes to consolidated financial statements.
                              
        preferred stock, 0.0001 par value...
                              
        accumulated other comprehensive loss
          -2,600,000          -700,000 -400,000         
        noncontrolling interests
          210,800,000 211,100,000 236,000,000 258,000,000 221,300,000 215,100,000 140,800,000 122,700,000 134,600,000 133,300,000 118,300,000 83,900,000 129,700,000 126,900,000 137,000,000 151,600,000 198,500,000 210,400,000 247,500,000 210,500,000 
        restricted cash
             74,800,000 57,300,000 84,400,000 91,000,000 76,300,000 74,000,000            
        inventory
           8,900,000 7,100,000 8,100,000 2,700,000 3,400,000 2,500,000 2,800,000 4,300,000 4,800,000 5,900,000 2,300,000 2,900,000 3,500,000 2,000,000 1,600,000 1,600,000 1,500,000 1,200,000 8,400,000 
        bank deposits
              50,500,000 72,300,000               
        investments in securities
            78,900,000 72,900,000 73,100,000 62,200,000 58,600,000 56,000,000 56,000,000 47,100,000 32,000,000 32,000,000 32,000,000 30,500,000 29,500,000 29,500,000 16,000,000    
        current tra liability
            4,200,000                  
        noncurrent tra liability
            365,900,000                  
        deferred tax liability
             31,100,000 27,600,000 28,700,000 17,400,000 17,800,000 13,100,000 18,600,000 9,300,000 1,200,000 400,000 300,000  600,000 2,700,000 2,800,000 5,200,000 3,700,000 
        total noncurrent assets
                 1,617,300,000 1,565,900,000 1,562,300,000 1,525,000,000 1,015,700,000 1,004,000,000 889,000,000 867,400,000 837,800,000 822,400,000 745,800,000 681,900,000 682,300,000 
        total noncurrent liabilities
                 1,811,000,000 1,805,400,000 1,805,100,000 1,776,300,000 1,756,900,000 1,755,100,000 1,759,100,000 1,739,700,000 1,120,300,000 1,120,500,000 1,009,900,000 445,000,000 443,700,000 
        treasury stock
                     -28,800,000 -38,300,000 -21,100,000       
        capitalized acquisition costs
                     36,600,000 35,300,000 35,100,000 34,300,000 32,800,000 31,300,000 30,200,000 29,700,000 29,300,000 
        contract assets
                      300,000 300,000       
        right of use assets
                      17,000,000 18,500,000       
        deferred tax asset
                        1,500,000      
        contract assets, net of allowance for doubtful accounts of 0 in 2020
                              
        liabilities and stockholders' equity/members'
                              
        redeemable preferred units, 100,000 par value; 430 shares authorized, issued and outstanding at december 31, 2019
                              
        members' deficit - shift4 payments, llc
                              
        class a common units, 0 par value; 100,000 shares authorized, issued and outstanding at december 31, 2019
                              
        class b common units, 323 par value; 1,010 shares authorized, issued and outstanding at december 31, 2019
                              
        members' equity
                              
        stockholders' equity - shift4 payments, inc.
                              
        total stockholders' equity attributable to shift4 payments, inc./members'
                           459,600,000 310,000,000  
        total stockholders' equity/members'
                           670,000,000 557,500,000  
        total liabilities and stockholders' equity/members' deficit
                           1,779,300,000 1,115,600,000  
        cash
                             244,000,000 
        contract assets, net of allowance for doubtful accounts of - in 2020
                              
        equipment under lease
                             23,300,000 
        liabilities and members' deficit/stockholders' equity
                              
        total members' deficit/stockholders' equity attributable to shift4 payments, inc.
                             260,100,000 
        total members deficit/stockholders' equity
                             470,600,000 
        total liabilities and members' deficit/stockholders' equity
                             1,014,300,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 
                               
          operating activities
                               
          net income
        12,000,000 53,000,000 33,400,000 41,100,000 19,500,000 139,300,000 72,200,000 54,500,000 28,500,000 19,200,000 46,500,000 36,800,000 20,400,000 38,500,000 46,400,000         
          adjustments to reconcile net income to net cash from operating activities
                               
          depreciation and amortization
        135,000,000 133,300,000 125,100,000 88,400,000 85,200,000 83,500,000 77,300,000 69,700,000 66,100,000 61,900,000 55,100,000 50,000,000 47,600,000 47,500,000 42,600,000 29,900,000 29,100,000 27,600,000 25,800,000 25,700,000 25,300,000 24,100,000 24,300,000 
          equity-based compensation expense
        16,000,000 25,200,000 15,600,000 15,200,000 26,000,000 14,100,000 14,300,000 14,300,000 22,800,000 11,000,000 12,400,000 13,100,000 20,900,000 11,200,000 12,200,000 9,300,000 16,900,000 13,900,000 6,300,000 6,600,000 14,000,000 10,000,000 6,200,000 
          revaluation of contingent liabilities
         3,400,000 -2,800,000 -900,000 -3,700,000 100,000 1,500,000 300,000 2,100,000 1,600,000 8,900,000 5,600,000 7,000,000 600,000 -36,900,000   200,000 -200,000 1,100,000 
          change in tra liability
         6,000,000 200,000 800,000 -3,000,000 -5,200,000 289,400,000 3,600,000 1,200,000 600,000 1,500,000 800,000 500,000 600,000          
          amortization of capitalized financing costs, net of premium accretion
        3,000,000 3,200,000 2,900,000                     
          provision for bad debts
        8,000,000 8,200,000 1,800,000 1,900,000 4,100,000 100,000 2,500,000 2,100,000 1,800,000 1,800,000 1,900,000 2,300,000 3,200,000 4,200,000 1,500,000 1,300,000 3,000,000 1,000,000 2,200,000 1,400,000 6,700,000 800,000 1,500,000 
          deferred income taxes
        -32,000,000 14,000,000 13,500,000 -2,800,000 -17,700,000 -21,900,000 -290,800,000   500,000 -200,000 -2,800,000 -5,600,000 2,300,000 1,100,000 800,000 -6,300,000 1,800,000 -2,000,000 -2,200,000 -100,000 -2,400,000 1,500,000 
          change in operating assets and liabilities
                               
          accounts receivable
        22,000,000 11,900,000 17,100,000 -39,200,000 15,200,000 -29,000,000 -9,200,000 -37,300,000 500,000 -8,900,000 -5,900,000 -20,800,000 -17,100,000 62,200,000 -8,600,000 -29,500,000 -20,000,000 -22,700,000 -6,000,000 -51,300,000 -40,700,000 -24,100,000 
          prepaid expenses and other assets
        3,000,000 -5,600,000 -700,000 5,300,000 -4,000,000 8,600,000 -4,200,000 -5,800,000 -8,500,000 -1,400,000 -4,500,000 -1,000,000 100,000 3,100,000 -6,300,000 1,100,000 600,000       
          capitalized customer acquisition costs
        -15,000,000 -20,500,000 -18,300,000 -13,200,000 -9,000,000 -9,100,000 -10,900,000 -9,600,000 -9,500,000 -8,600,000 -9,300,000 -9,000,000 -7,300,000 -5,800,000          
          accounts payable
        -56,000,000 3,500,000 -16,500,000 7,600,000 9,400,000 -11,800,000 15,300,000 21,400,000 -1,100,000 -3,800,000 14,300,000 5,300,000 -6,900,000 8,400,000 20,400,000 15,400,000 -2,600,000 8,300,000 22,800,000 28,000,000 -18,900,000 10,300,000 
          accrued expenses and other liabilities
        38,000,000 2,500,000 -10,000,000 27,100,000 -23,600,000 6,600,000 11,700,000 17,700,000 6,100,000 -17,000,000 9,200,000             
          net cash from operating activities
        134,000,000 223,700,000 171,800,000 141,900,000 96,600,000 145,400,000 182,100,000 116,100,000 56,700,000 105,300,000 111,700,000 91,900,000 79,400,000 139,500,000 50,900,000 47,900,000 37,100,000 3,600,000 20,600,000 6,700,000 -1,700,000 6,400,000 10,300,000 
          capital expenditures
        -30,000,000 -30,900,000 -31,200,000 -18,700,000 -18,200,000 -17,100,000 -16,900,000 -16,800,000 -14,700,000 -14,800,000 -11,400,000 -7,200,000 -10,700,000 -11,000,000 -11,400,000 -12,300,000 -8,000,000 -8,000,000 -4,700,000 -4,700,000 -3,600,000 -2,700,000 -1,900,000 
          free cash flows
        104,000,000 192,800,000 140,600,000 123,200,000 78,400,000 128,300,000 165,200,000 99,300,000 42,000,000 90,500,000 100,300,000 84,700,000 68,700,000 128,500,000 39,500,000 35,600,000 29,100,000 -4,400,000 15,900,000 2,000,000 -5,300,000 3,700,000 8,400,000 
          investing activities
                               
          acquisitions, net of cash acquired
        98,000,000 -176,700,000 -2,564,600,000 -3,700,000 -248,700,000 -4,500,000   -133,400,000 -35,100,000 -1,200,000 -100,000 -122,600,000 -12,600,000 -300,000 -14,000,000 400,000 -40,600,000   
          acquisition of equipment to be leased
        -32,000,000 -35,400,000 -36,100,000 -23,200,000 -30,300,000 -25,400,000 -29,500,000 -22,000,000 -24,400,000 -15,100,000 -25,700,000 -22,300,000 -14,700,000 -14,200,000 -14,700,000 -15,000,000 -9,900,000 -10,600,000 -16,400,000 -8,500,000 -10,400,000 -8,700,000  
          capitalized software development costs
        -30,000,000 -30,900,000 -31,200,000 -18,700,000 -18,200,000 -17,100,000 -16,900,000 -16,800,000 -14,700,000 -14,800,000 -11,400,000 -7,200,000 -10,700,000 -11,000,000 -11,400,000 -12,300,000 -8,000,000 -8,000,000 -4,700,000 -4,700,000 -3,600,000 -2,700,000 -1,900,000 
          acquisition of property, plant and equipment
        -6,000,000 -1,200,000 -6,400,000 -900,000 -1,500,000 -1,600,000 -2,000,000 -2,200,000 -1,300,000 -2,400,000 -5,200,000 -3,400,000 -2,700,000 -1,200,000 -5,000,000 -800,000 -1,000,000 -1,900,000 -1,300,000 -4,300,000 -700,000 -2,200,000 -1,200,000 
          deposits with sponsor bank
        -11,000,000 10,800,000 -26,800,000                   
          residual commission buyouts
        -3,000,000 -7,900,000 -11,200,000 -6,100,000 -1,800,000 -12,200,000 -2,300,000 -400,000 -900,000 -800,000 -6,600,000 -2,100,000 -7,300,000 -256,400,000 -7,200,000 -4,600,000 -6,000,000 -3,500,000 -100,000 -800,000 -1,800,000 -1,700,000 
          investments in securities
         -3,000,000         -1,500,000 -1,000,000 -13,500,000 -16,000,000   
          net cash from investing activities
        16,000,000 -217,300,000 -2,648,500,000 -47,200,000 -85,000,000 -255,900,000 -53,700,000 -341,800,000 -39,700,000 -150,800,000 -43,100,000 -76,600,000 -31,400,000 -33,800,000 -395,900,000 -43,200,000 -43,900,000 -34,700,000 -46,500,000 -38,000,000 -77,500,000 -70,200,000 -15,200,000 
          financing activities
                               
          deferred financing costs
        -3,000,000 -6,100,000 -27,600,000   -2,100,000        -100,000 -4,800,000 -100,000 -14,800,000 -400,000 -22,700,000  
          settlement line of credit
        11,000,000 -10,800,000 26,800,000                   
          settlement activity
        47,000,000 22,000,000 -28,900,000 -3,600,000 -25,500,000 69,200,000 39,600,000 4,300,000 -58,300,000               
          repurchases of class a common stock
        -295,000,000 -304,800,000 -85,300,000 -62,900,000 -110,000,000 -20,000,000   -8,600,000              
          payments for withholding tax related to vesting of restricted stock units
        -7,000,000 -11,200,000 -4,000,000 -1,000,000 -17,800,000 -15,200,000 -6,400,000 -2,100,000 -9,100,000 -7,400,000 -4,800,000 -10,400,000 -5,300,000 -2,500,000 -400,000 -8,000,000 -12,200,000 -5,900,000 -3,400,000 -113,900,000 -2,400,000   
          payments of preferred dividends
        -15,000,000 -15,500,000                      
          distributions to noncontrolling interests
        -139,000,000 -200,000 -100,000 -18,600,000 -100,000 -13,200,000 -4,600,000 -1,700,000 -300,000 -200,000 -500,000 -800,000 -1,400,000           
          other financing activities
         1,400,000 -100,000 -1,100,000 -1,200,000 -4,700,000                  
          net cash from financing activities
        -401,000,000 -536,200,000 965,100,000 1,706,800,000 -80,700,000 -21,400,000 1,051,400,000 -71,000,000 -29,800,000 -27,900,000 -9,100,000 -108,200,000 -7,000,000 -3,200,000 -400,000 -175,300,000 -35,700,000 -25,500,000 614,300,000 -113,900,000 -3,700,000 662,700,000 89,800,000 
          effect of exchange rate changes on cash and cash equivalents
        -11,000,000             1,300,000 -100,000         
          net decrease in cash and cash equivalents
        -262,000,000                       
          cash and cash equivalents, beginning of period
        1,185,000,000                       
          cash and cash equivalents, end of period
        923,000,000                       
          see accompanying notes to unaudited condensed consolidated financial statements.
                               
          impairment of intangible assets
                               
          gain on investments in securities
            -300,000                   
          loss on extinguishment of debt
         -300,000 9,200,000               200,000 9,500,000 
          gain on sale of subsidiaries
                               
          unrealized foreign exchange losses
         300,000 800,000                     
          other noncash items
             200,000 500,000 -500,000 -1,100,000 1,200,000 300,000 200,000 400,000 300,000 -300,000 500,000 200,000 300,000 400,000 -200,000 
          payments on contingent liabilities in excess of initial fair value
         -200,000   -11,100,000 -300,000 -15,000,000              
          right-of-use assets and lease liabilities
         -3,600,000 -200,000 -100,000 -100,000 -100,000 -200,000 -200,000 -200,000 -200,000 100,000 100,000 -100,000         
          deferred revenue
         -600,000 700,000 -1,200,000 -4,900,000 -4,900,000 3,100,000 -7,000,000 -6,300,000 -5,400,000 -1,200,000 -5,100,000 4,200,000 -4,600,000 1,200,000 -3,500,000 4,700,000 -2,100,000 -2,500,000 -1,300,000 6,600,000 -1,100,000 -200,000 
          proceeds from sale of subsidiaries
                               
          purchase of intangible assets
                             
          proceeds from sale of investments in securities
         1,000,000 1,700,000 300,000 122,300,000 1,500,000 1,000,000 1,600,000               
          proceeds from long-term debt
         518,800,000 1,000,000,000                   
          proceeds from preferred stock
                             
          repayment of debt
         -693,000,000               -900,000 -450,800,000 -900,000 
          proceeds from common stock
         200,000                      
          acquisition of noncontrolling interests
                               
          payments on contingent liabilities
         -13,300,000 -200,000   -4,200,000 -600,000 -800,000 -100,000 -10,500,000 -3,800,000 -200,000 -300,000         -300,000 -300,000 
          net change in bank deposits
             -50,500,000 -20,300,000               
          effect of exchange rate changes on cash and cash equivalents and restricted cash
         4,700,000 -31,800,000 67,300,000 14,800,000 -24,900,000 12,300,000 -2,500,000 -6,500,000 11,900,000 -1,500,000 300,000 400,000           
          change in cash and cash equivalents and restricted cash
         -525,100,000 -1,543,400,000 1,868,800,000 -54,300,000 -156,800,000 1,192,100,000 -299,200,000 -19,300,000 -61,500,000 58,000,000 -92,600,000 41,400,000           
          cash and cash equivalents and restricted cash - beginning of period
                               
          cash and cash equivalents and restricted cash - end of period
                               
          cash paid for interest
                               
          cash paid for income taxes, net of refunds
                               
          global blue shares purchased through squeeze-out merger
                               
          cash and cash equivalents and restricted cash, beginning of period
          1,438,600,000  721,800,000               
          cash and cash equivalents and restricted cash, end of period
          -1,543,400,000 1,868,800,000 1,384,300,000  1,192,100,000 -299,200,000 702,500,000               
          amortization of capitalized financing costs
            3,500,000 2,700,000 2,500,000 2,000,000 2,100,000 2,100,000 2,100,000 2,000,000 2,100,000 2,100,000 2,100,000 2,000,000 1,900,000  1,700,000 1,200,000 1,200,000  800,000 
          unrealized foreign exchange gains
              1,300,000 -400,000 -1,400,000               
          inventory
             1,300,000 4,100,000 2,200,000 700,000 1,500,000 3,200,000 1,800,000 700,000 -300,000 200,000 1,200,000 1,700,000 -1,100,000 -100,000 2,900,000 100,000 1,100,000 
          unrealized gain on investments in securities
              -10,800,000 200,000 -11,000,000 -700,000 -2,600,000 -8,900,000           
          repurchases of class a common stock to treasury stock
                     -167,200,000 -18,700,000       
          cash and cash equivalents and restricted cash
                               
          beginning of period
                   776,500,000  1,231,500,000  927,800,000 
          end of period
                   -92,600,000 817,900,000  -345,500,000 -170,800,000 1,189,000,000  588,400,000 -145,200,000 844,900,000 598,900,000 84,900,000 
          supplemental cash flows information and noncash activities are further described in note 22.
                               
          accrued expenses and other current liabilities
                    5,900,000 -200,000 5,200,000 3,100,000 -200,000 100,000 -1,200,000 6,400,000 200,000 1,200,000 
          impact of lease modifications
                             
          ipo proceeds, net of underwriting discounts and commissions
                             
          proceeds from private placement
                             
          september 2020 follow-on offering proceeds, net of underwriting discounts and commissions
                               
          proceeds from revolving line of credit
                             
          repayment of revolving line of credit
                             
          offering costs
                             400,000  
          preferred return on preferred stock
                             
          capital distributions
                             
          change in cash and cash equivalents
                     103,800,000 -345,500,000 -170,800,000 -42,500,000 -56,600,000 588,400,000 -145,200,000 -82,900,000 598,900,000  
          cash and cash equivalents - beginning of period
                               
          cash and cash equivalents - end of period
                               
          cash and cash equivalents
                               
          supplemental cash flows information and noncash activities are further described in note 21.
                               
          customer acquisition costs
                       -7,900,000 -6,300,000 -6,900,000 -6,600,000 -7,300,000 -5,400,000 -5,000,000 -4,600,000 
          supplemental cash flows information and noncash activities are further described in note 20.
                               
          net loss
                        -13,200,000 -13,700,000 -13,800,000 4,500,000 -51,000,000 -21,300,000 -9,900,000 
          adjustment to reconcile net loss to net cash from operating activities
                               
          right of use assets and liabilities
                        -100,000       
          amortization of capitalized financing costs and debt discount
                               
          contract assets
                             
          prepaid expenses and other current assets
                           -2,700,000 1,100,000 1,700,000 -2,200,000 
          right of use assets and liabilities net
                               
          september follow-on offering proceeds, net of underwriting discounts and commissions
                               
          adjustment to reconcile net income to net cash from operating activities
                               
          principal repayments of capital leases
                               
          impairment on software development costs
                              
          acquisition
                               
          follow-on offering proceeds, net of underwriting discounts and commissions
                               
          payments for offering costs
                               
          change in cash
                               
          cash
                               
          supplemental disclosures of cash flow information
                               
          cash paid for income taxes
                               
          noncash financing activities
                               
          accrued preferred return on redeemable preferred units
                               
          contingent consideration settled with class a common stock
                               
          short-term financing for directors and officers insurance
                               
          preferred return on preferred stock settled with llc interests
                               
          noncash operating activity
                               
          deferred compensation settled with restricted stock units