Shift4 Payments, Inc(NYSE:FOUR)

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...
Website: http://www.shift4.com
Founded: 1999
IPO Price: $23 (Jun 05, 2020)
CEO: Jared Isaacman
Sector: Technology
Industry: Software-Infrastructure
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 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: USD | 2026-03-31 | 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: USD | 2026-03-31 | 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 | 0 | 0 | 0 | 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 | 0 | -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 | 0 | -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 | 0 | -3,700,000 | -248,700,000 | -4,500,000 | -133,400,000 | 0 | -35,100,000 | -1,200,000 | -100,000 | -122,600,000 | 0 | -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 | 0 | 0 | -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 | 0 | -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 | 0 | 0 | 0 | -3,000,000 | 0 | 0 | 0 | -1,500,000 | -1,000,000 | 0 | -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 | 0 | 0 | -100,000 | -4,800,000 | -100,000 | -14,800,000 | 0 | -400,000 | -22,700,000 | ||||||||||
settlement line of credit | 11,000,000 | -10,800,000 | 0 | 0 | 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 | 0 | -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 | 0 | 0 | 0 | 200,000 | 9,500,000 | 0 | |||||||||||||||
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 | 0 | 1,200,000 | 0 | 300,000 | 0 | 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 | 0 | -11,100,000 | 0 | 0 | -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 | 0 | 0 | 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 | 0 | 0 | |||||||||||||||||||||
proceeds from sale of investments in securities | 0 | 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 | 0 | 0 | |||||||||||||||||||
proceeds from preferred stock | 0 | 0 | |||||||||||||||||||||
repayment of debt | -693,000,000 | 0 | 0 | 0 | 0 | -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 | 0 | 0 | -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 | 0 | 0 | 1,438,600,000 | 0 | 0 | 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 | 0 | |||||
unrealized gain on investments in securities | -10,800,000 | 200,000 | -11,000,000 | -700,000 | -2,600,000 | 0 | -8,900,000 | ||||||||||||||||
repurchases of class a common stock to treasury stock | 0 | 0 | -167,200,000 | -18,700,000 | |||||||||||||||||||
cash and cash equivalents and restricted cash | |||||||||||||||||||||||
beginning of period | 0 | 776,500,000 | 0 | 0 | 1,231,500,000 | 0 | 0 | 927,800,000 | 0 | 0 | |||||||||||||
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 | 0 | 3,100,000 | -200,000 | 100,000 | -1,200,000 | 6,400,000 | 200,000 | 1,200,000 | ||||||||||||
impact of lease modifications | 0 | 0 | |||||||||||||||||||||
ipo proceeds, net of underwriting discounts and commissions | 0 | 0 | |||||||||||||||||||||
proceeds from private placement | 0 | 0 | |||||||||||||||||||||
september 2020 follow-on offering proceeds, net of underwriting discounts and commissions | |||||||||||||||||||||||
proceeds from revolving line of credit | 0 | 0 | |||||||||||||||||||||
repayment of revolving line of credit | 0 | 0 | |||||||||||||||||||||
offering costs | 400,000 | ||||||||||||||||||||||
preferred return on preferred stock | 0 | 0 | |||||||||||||||||||||
capital distributions | 0 | 0 | |||||||||||||||||||||
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 | 0 | 0 | |||||||||||||||||||||
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 | 0 | ||||||||||||||||||||||
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 |

