The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 147 | 294.5 | 122.9 | 86.7 |
| Depreciation and amortization expense | 290 | - | - | - |
| Residual Commission Buyouts | 0 | - | - | - |
| Other Intangible Assets | 109 | - | - | - |
| Capitalized Acquisition Costs | 32 | - | - | - |
| Equipment Under Lease | 0 | - | - | - |
| Property Plant And Equipment | 1 | - | - | - |
| Cost of sales | 142 | - | - | - |
| Depreciation and amortization | 432 | 296.6 | 214.6 | 149.1 |
| Unrealized gain on investments in securities | - | - | - | 15.1 |
| Equity-based compensation expense | 82 | 65.5 | 57.4 | 49.6 |
| Revaluation of contingent liabilities | -4 | 4 | 23.1 | -36.6 |
| Capitalized customer acquisition costs | - | - | - | 25.2 |
| Impairment of intangible assets | 9 | 0 | 18.6 | - |
| Impact of lease modifications | - | - | - | 0 |
| Gain on investments in securities | 0 | 66.7 | - | - |
| Change in tra liability | -4 | -289 | -3.4 | -1.7 |
| Amortization of capitalized financing costs, net of premium accretion | 15 | 9.3 | 8.3 | - |
| Loss on extinguishment of debt | -12 | - | - | 0 |
| Gain on sale of subsidiaries | 19 | - | - | - |
| Unrealized gain on investments in securities | - | - | 12.2 | - |
| Provision for bad debts | 16 | 6.5 | 9.2 | 10 |
| Deferred income taxes | 7 | -322 | -8.1 | -2.1 |
| Unrealized foreign exchange losses | -5 | -0.4 | -2.5 | - |
| Other noncash items | 0 | 0.9 | -1.5 | -0.9 |
| Accounts receivable | -5 | 75 | 52.7 | -4.1 |
| Prepaid expenses and other assets | 5 | 9.9 | 6.8 | 1.5 |
| Capitalized customer acquisition costs | 61 | 39.1 | 34.2 | - |
| Accounts payable | 4 | 24.9 | 14.7 | 37.3 |
| Accrued expenses and other liabilities | -4 | 42.1 | 2 | 8.1 |
| Amortization of capitalized financing costs | - | - | - | 8.1 |
| Increase (decrease) in settlement activity, net | - | - | -42.3 | - |
| Payments on contingent liabilities in excess of initial fair value | 1 | 11.4 | 17.8 | - |
| Inventory | - | -8.3 | -7.2 | -2.8 |
| Right-of-use assets and lease liabilities, net | 4 | 0.7 | 0.1 | 0.3 |
| Deferred revenue | -6 | -15.1 | -7.5 | -2.2 |
| Net cash provided by operating activities | 634 | 500.3 | 388.3 | 275.4 |
| Acquisitions, net of cash acquired | 2,745 | 554.6 | 169.7 | 135.3 |
| Acquisition of equipment to be leased | 125 | 101.3 | 77.8 | 53.8 |
| Capitalized software development costs | 99 | 65.5 | 44.1 | 42.7 |
| Acquisition of property, plant and equipment | 10 | 7.1 | 13.7 | 8 |
| Deposits with sponsor bank, net | -16 | -73.2 | - | - |
| Residual commission buyouts | 27 | 15.8 | 9.5 | 275.5 |
| Proceeds from sale of subsidiaries | 24 | - | - | - |
| Purchase of intangible assets | 0 | 0 | 2 | - |
| Proceeds from sale of investments in securities | 3 | 126.4 | 14.9 | - |
| Investments in securities | 3 | 0 | 0 | 1.5 |
| Net cash used in investing activities | -2,998 | -691.1 | -301.9 | -516.8 |
| Repayment of revolving line of credit | - | - | - | 0 |
| Proceeds from revolving line of credit | - | - | - | 0 |
| Proceeds from private placement | - | - | - | 0 |
| Proceeds from long-term debt | 2,832 | 1,100 | 0 | 0 |
| Proceeds from preferred stock | 1,000 | - | - | - |
| Repayment of debt | 1,143 | - | 0 | 0 |
| Deferred financing costs | 79 | 18.4 | 0 | 4.9 |
| Settlement line of credit | -16 | -73.2 | - | - |
| Settlement activity, net | 36 | -54.8 | - | - |
| Proceeds from common stock | 88 | - | - | - |
| Capital distributions | - | - | - | 0 |
| Acquisition of noncontrolling interests | 71 | - | - | - |
| Repurchases of class a common stock | 453 | 145.9 | 105.4 | 185.9 |
| Payments for withholding tax related to vesting of restricted stock units | 34 | 32.8 | 27.9 | 23.1 |
| Payments of preferred dividends | 30 | - | - | 0 |
| Payments on contingent liabilities | 15 | 5.7 | 14.8 | 0.7 |
| Offering costs | - | - | - | 0 |
| Distributions to noncontrolling interests | 19 | 19.8 | 2.9 | - |
| Ipo proceeds, net of underwriting discounts and commissions | - | - | - | 0 |
| Net change in bank deposits | 0 | -70.8 | -1.2 | - |
| September 2020 follow-on offering proceeds, net of underwriting discounts and commissions | - | - | - | 0 |
| Other financing activities | -1 | -5.4 | - | - |
| Net cash provided by (used in) financing activities | 2,055 | 929.2 | -152.2 | -214.6 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 55 | -21.6 | 11.1 | 1 |
| Change in cash and cash equivalents and restricted cash | -254 | 716.8 | -54.7 | -455 |
| Cash and cash equivalents and restricted cash - beginning of period | 1,439 | - | - | - |
| Cash and cash equivalents and restricted cash - end of period | 1,185 | - | - | - |
Shift4 Payments, Inc. (FOUR)
Shift4 Payments, Inc. (FOUR)