v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Gross revenue $ 2,564.8 $ 1,993.6 $ 1,367.5
Cost of sales (exclusive of certain depreciation and amortization expense shown separately below) (1,877.0) (1,523.4) (1,089.1)
General and administrative expenses (329.3) (267.4) (219.5)
Revaluation of contingent liabilities (23.1) 36.6 (0.2)
Depreciation and amortization expense [1] (153.8) (96.5) (62.2)
Impairment of intangible assets (18.6) 0.0 0.0
Professional expenses (33.1) (33.3) (16.8)
Advertising and marketing expenses (15.1) (14.9) (28.9)
Income (loss) from operations 114.8 94.7 (49.2)
Interest income 31.9 10.8 0.0
Other (expense) income, net (3.9) 0.5 0.1
Unrealized gain on investments in securities 12.2 15.1 0.0
Change in TRA liability (3.4) (1.7) 0.0
Interest expense (32.1) (32.5) (28.0)
Income (loss) before income taxes 119.5 86.9 (77.1)
Income tax benefit (expense) 3.4 (0.2) 3.1
Net income (loss) 122.9 86.7 (74.0)
Less: Net income (loss) attributable to noncontrolling interests 36.7 11.6 (25.8)
Net income (loss) attributable to Shift4 Payments, Inc. $ 86.2 $ 75.1 $ (48.2)
Class A Common Stock      
Basic net income (loss) per share      
Net income (loss) per share - basic (in dollars per share) $ 1.45 $ 1.34 $ (0.89)
Weighted average common stock outstanding - basic (in shares) 57,738,871 52,303,968 47,594,839
Diluted net income (loss) per share      
Net income (loss) per share - diluted (in dollars per share) $ 1.43 $ 1.05 $ (0.89)
Weighted average common stock outstanding - diluted (in shares) 59,048,350 78,903,737 47,594,839
Class C Common Stock      
Basic net income (loss) per share      
Net income (loss) per share - basic (in dollars per share) $ 1.45 $ 1.34 $ (0.89)
Weighted average common stock outstanding - basic (in shares) 1,942,054 3,864,579 7,329,534
Diluted net income (loss) per share      
Net income (loss) per share - diluted (in dollars per share) $ 1.43 $ 1.05 $ (0.89)
Weighted average common stock outstanding - diluted (in shares) 1,942,054 3,864,579 7,329,534
[1] Depreciation and amortization expense includes depreciation of equipment under lease of $35.3 million, $28.4 million, and $21.8 million for the years ended December 31, 2023, 2022, and 2021, respectively.

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