v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Gross revenue $ 637.0 $ 506.7 $ 1,184.0 $ 908.6
Cost of sales (exclusive of certain depreciation and amortization expense shown separately below) (470.1) (400.9) (871.7) (718.2)
General and administrative expenses (82.1) (58.4) (167.8) (124.6)
Revaluation of contingent liabilities (Note 13) (5.6) 0.3 (12.6) 0.3
Depreciation and amortization expense (Note 5) [1] (35.9) (16.7) (71.2) (34.0)
Professional fees (5.4) (5.2) (11.5) (15.3)
Advertising and marketing expenses (4.0) (2.9) (6.5) (5.6)
Income from operations 33.9 22.9 42.7 11.2
Interest income 8.8 1.4 16.4 1.4
Other (expense) income, net (0.4) 0.1 (0.3) 0.3
Unrealized gain on investments in securities (Note 13) 0.0 0.0 8.9 0.0
Change in TRA liability (Note 14) (0.8) 0.0 (1.3) 0.0
Interest expense (8.0) (8.4) (16.1) (16.3)
Income (loss) before income taxes 33.5 16.0 50.3 (3.4)
Income tax benefit (provision) (Note 14) 3.3 (1.0) 6.9 5.2
Net income 36.8 15.0 57.2 1.8
Net income (loss) attributable to noncontrolling interests 11.7 4.7 17.3 (1.0)
Net income attributable to Shift4 Payments, Inc. $ 25.1 $ 10.3 $ 39.9 $ 2.8
Class A Common Stock        
Basic net income per share (Note 21)        
Net income per share - basic (in dollars per share) $ 0.43 $ 0.19 $ 0.68 $ 0.05
Weighted average common stock outstanding - basic (in shares) 56,914,370 51,790,403 56,079,923 51,958,494
Diluted net income per share (Note 21)        
Net income per share - diluted (in dollars per share) $ 0.42 $ 0.18 $ 0.67 $ 0.02
Weighted average common stock outstanding - diluted (in shares) 58,173,624 78,514,880 57,444,069 78,823,068
Class C Common Stock        
Basic net income per share (Note 21)        
Net income per share - basic (in dollars per share) $ 0.43 $ 0.19 $ 0.68 $ 0.05
Weighted average common stock outstanding - basic (in shares) 2,061,569 4,006,159 2,151,111 4,283,096
Diluted net income per share (Note 21)        
Net income per share - diluted (in dollars per share) $ 0.42 $ 0.18 $ 0.67 $ 0.02
Weighted average common stock outstanding - diluted (in shares) 2,061,569 4,006,159 2,151,111 4,283,096
[1] Depreciation and amortization expense includes depreciation of equipment under lease of $8.2 million and $15.4 million for the three and six months ended June 30, 2023, respectively, and $7.4 million and $14.4 million for the three and six months ended June 30, 2022, respectively.

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