v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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| Gross revenue | $ 909.2 | $ 675.4 | $ 2,443.6 | $ 1,859.4 | ||
| Cost of sales (exclusive of certain depreciation and amortization expense shown separately below) | (641.9) | (495.1) | (1,756.7) | (1,366.8) | ||
| General and administrative expenses | (118.2) | (76.3) | (335.4) | (244.1) | ||
| Revaluation of contingent liabilities | (1.5) | (8.9) | (3.9) | (21.5) | ||
| Depreciation and amortization expense | [1] | (51.6) | (40.0) | (143.1) | (111.2) | |
| Professional expenses | (9.4) | (5.7) | (29.0) | (17.2) | ||
| Advertising and marketing expenses | (6.2) | (4.7) | (14.5) | (11.2) | ||
| Income from operations | 80.4 | 44.7 | 161.0 | 87.4 | ||
| Interest income | 9.7 | 9.6 | 20.1 | 26.0 | ||
| Other income (expense), net | (1.5) | 0.0 | 0.3 | (0.3) | ||
| Unrealized gain on investments in securities | 10.8 | 2.6 | 21.6 | 11.5 | ||
| Change in TRA liability | (289.4) | (1.5) | (294.2) | (2.8) | ||
| Interest expense | (18.3) | (8.0) | (34.5) | (24.1) | ||
| Income (loss) before income taxes | (208.3) | 47.4 | (125.7) | 97.7 | ||
| Income tax benefit (expense) | 280.5 | (0.9) | 280.9 | 6.0 | ||
| Net income | 72.2 | 46.5 | 155.2 | 103.7 | ||
| Less: Net income attributable to noncontrolling interests | (18.4) | (13.9) | (41.6) | (31.2) | ||
| Net income attributable to Shift4 Payments, Inc. | $ 53.8 | $ 32.6 | $ 113.6 | $ 72.5 | ||
| Class A common stock | ||||||
| Basic net income per share | ||||||
| Net income per share - basic (in dollars per share) | $ 0.78 | $ 0.56 | $ 1.68 | $ 1.24 | ||
| Weighted average common stock outstanding - basic (in shares) | 66,791,329 | 56,537,008 | 65,230,377 | 56,233,959 | ||
| Diluted net income per share | ||||||
| Net income per share - diluted (in dollars per share) | $ 0.74 | $ 0.55 | $ 1.59 | $ 1.22 | ||
| Weighted average common stock outstanding - diluted (in shares) | 89,356,938 | 57,673,083 | 89,514,680 | 57,697,393 | ||
| Class C common stock | ||||||
| Basic net income per share | ||||||
| Net income per share - basic (in dollars per share) | $ 0.78 | $ 0.56 | $ 1.68 | $ 1.24 | ||
| Weighted average common stock outstanding - basic (in shares) | 1,659,314 | 1,759,273 | 1,681,264 | 2,019,063 | ||
| Diluted net income per share | ||||||
| Net income per share - diluted (in dollars per share) | $ 0.74 | $ 0.55 | $ 1.59 | $ 1.22 | ||
| Weighted average common stock outstanding - diluted (in shares) | 1,659,314 | 1,759,273 | 1,681,264 | 2,019,063 | ||
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- Definition Change In Tax Receivable Agreement Liability No definition available.
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- Definition Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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