v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Gross revenue $ 675.4 $ 547.3 $ 1,859.4 $ 1,455.9
Cost of sales (exclusive of certain depreciation and amortization expense shown separately below) (495.1) (411.6) (1,366.8) (1,129.8)
General and administrative expenses (76.3) (74.2) (244.1) (198.8)
Revaluation of contingent liabilities (8.9) 36.9 (21.5) 37.2
Depreciation and amortization expense (40.0) (28.9) (111.2) (62.9)
Professional expenses (5.7) (10.4) (17.2) (25.7)
Advertising and marketing expenses (4.7) (5.6) (11.2) (11.2)
Income from operations 44.7 53.5 87.4 64.7
Interest income 9.6 3.5 26.0 4.9
Other (expense) income, net 0.0 0.0 (0.3) 0.3
Unrealized gain on investments in securities 2.6 0.0 11.5 0.0
Change in TRA liability (1.5) (1.1) (2.8) (1.1)
Interest expense (8.0) (8.3) (24.1) (24.6)
Income before income taxes 47.4 47.6 97.7 44.2
Income tax (expense) benefit (0.9) (1.2) 6.0 4.0
Net income 46.5 46.4 103.7 48.2
Less: Net income attributable to noncontrolling interests 13.9 3.3 31.2 2.3
Net income attributable to Shift4 Payments, Inc. $ 32.6 $ 43.1 $ 72.5 $ 45.9
Class A Common Stock        
Basic net income per share        
Net income (loss) per share - basic (in dollars per share) $ 0.56 $ 0.78 $ 1.24 $ 0.82
Weighted average common stock outstanding - basic (in shares) 56,537,008 51,502,825 56,233,959 51,804,935
Diluted net income per share        
Net income (loss) per share - diluted (in dollars per share) $ 0.55 $ 0.57 $ 1.22 $ 0.58
Weighted average common stock outstanding - diluted (in shares) 57,673,083 77,801,346 57,697,393 78,479,541
Class C Common Stock        
Basic net income per share        
Net income (loss) per share - basic (in dollars per share) $ 0.56 $ 0.78 $ 1.24 $ 0.82
Weighted average common stock outstanding - basic (in shares) 1,759,273 3,648,580 2,019,063 4,069,266
Diluted net income per share        
Net income (loss) per share - diluted (in dollars per share) $ 0.55 $ 0.57 $ 1.22 $ 0.58
Weighted average common stock outstanding - diluted (in shares) 1,759,273 3,648,580 2,019,063 4,069,266

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