2023 Q2 Form 10-Q Financial Statement

#000127393123000071 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $136.9M
YoY Change 32.02%
Cash & Equivalents $136.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $136.9M
YoY Change 32.02%
LONG-TERM ASSETS
Property, Plant & Equipment $143.7M
YoY Change 9.86%
Goodwill $442.2M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.999B
YoY Change -7.57%
TOTAL ASSETS
Total Short-Term Assets $136.9M
Total Long-Term Assets $3.999B
Total Assets $4.136B
YoY Change -6.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $144.9M
YoY Change 19.65%
Accrued Expenses $44.00M
YoY Change -17.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $188.9M
YoY Change 8.19%
LONG-TERM LIABILITIES
Long-Term Debt $785.0M
YoY Change -0.13%
Other Long-Term Liabilities $3.305B
YoY Change -9.54%
Total Long-Term Liabilities $4.090B
YoY Change -7.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $188.9M
Total Long-Term Liabilities $4.090B
Total Liabilities $4.279B
YoY Change -7.26%
SHAREHOLDERS EQUITY
Retained Earnings -$1.474B
YoY Change -2.26%
Common Stock $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.30M
YoY Change 58.13%
Treasury Stock Shares
Shareholders Equity -$143.4M
YoY Change
Total Liabilities & Shareholders Equity $4.136B
YoY Change -6.64%

Cashflow Statement

Concept 2023 Q2 2023 Q1

Facts In Submission

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CY2023Q1 mgi Cash And Cash Equivalents And Settlement Cash And Cash Equivalents
CashAndCashEquivalentsAndSettlementCashAndCashEquivalents
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CY2022Q1 mgi Cash And Cash Equivalents And Settlement Cash And Cash Equivalents
CashAndCashEquivalentsAndSettlementCashAndCashEquivalents
1791900000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-145800000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
5000000.0 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-3000000.0 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
400000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-143400000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-185000000.0 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
5100000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-3300000 usd
CY2021Q3 us-gaap Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
200000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1300000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-184300000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates —</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of these financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions are based on historical experience, future expectations and other factors and assumptions the Company believes to be reasonable under the circumstances. These estimates and assumptions are reviewed on an ongoing basis and are revised when necessary. Changes in estimates are recorded in the period of change. Actual amounts may differ from these estimates.</span>
CY2022Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
11.00
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1369500000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1499100000 usd
CY2023Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
942100000 usd
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
1107000000 usd
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
937700000 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
998100000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2700000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
3000000.0 usd
CY2023Q1 us-gaap Settlement Assets Current
SettlementAssetsCurrent
3252000000 usd
CY2022Q4 us-gaap Settlement Assets Current
SettlementAssetsCurrent
3607200000 usd
CY2023Q1 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
3252000000 usd
CY2022Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
3607200000 usd
CY2023Q1 us-gaap Cash
Cash
1506400000 usd
CY2022Q4 us-gaap Cash
Cash
1671200000 usd
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
937700000 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
998100000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2700000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
3000000.0 usd
CY2023Q1 us-gaap Investments
Investments
2446800000 usd
CY2022Q4 us-gaap Investments
Investments
2672300000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1400000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1300000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2700000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1500000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1500000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
3000000.0 usd
CY2023Q1 mgi Percentage Of Available For Sale Portfolio Collateralized By Us Debentures
PercentageOfAvailableForSalePortfolioCollateralizedByUsDebentures
0.52
CY2022Q4 mgi Percentage Of Available For Sale Portfolio Collateralized By Us Debentures
PercentageOfAvailableForSalePortfolioCollateralizedByUsDebentures
0.50
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
794000000.0 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
795000000.0 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9000000.0 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9600000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
785000000.0 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
785400000 usd
CY2021Q3 mgi Interest Coverage Ratio
InterestCoverageRatio
2.150
CY2021Q3 mgi Totalleveragerationottoexceed
Totalleveragerationottoexceed
4.750
CY2023Q1 mgi Interest Coverage Ratio
InterestCoverageRatio
4.330
CY2023Q1 mgi Totalleveragerationottoexceed
Totalleveragerationottoexceed
3.156
CY2023Q1 mgi Assets In Excess Of Payment Service Obligations
AssetsInExcessOfPaymentServiceObligations
136900000 usd
CY2023Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1100000 usd
CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
600000 usd
CY2023Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
400000 usd
CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
300000 usd
CY2023Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-400000 usd
CY2022Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-500000 usd
CY2023Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1100000 usd
CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
800000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
26800000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1300000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3700000 usd
CY2023Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-400000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6100000 usd
CY2022Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-700000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
7300000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
9100000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
7300000 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
13600000 usd
CY2023Q1 mgi Unrecognized Tax Benefits Income Tax Penalties And Interest Expense Decrease
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpenseDecrease
1700000 usd
CY2023Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1100000 usd
CY2023Q1 mgi Valuation Allowance Deferred Tax Asset Credits And Carryovers Increase Decrease Amount
ValuationAllowanceDeferredTaxAssetCreditsAndCarryoversIncreaseDecreaseAmount
500000 usd
CY2022Q1 mgi Unrecognized Tax Benefits Income Tax Penalties And Interest Expense Decrease
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpenseDecrease
800000 usd
CY2022Q1 mgi Accrual Offset
AccrualOffset
100000 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
900000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1200000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2800000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1100000 usd
CY2023Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
7500000 usd
CY2022Q4 us-gaap Litigation Reserve
LitigationReserve
7500000 usd
CY2022Q4 us-gaap Litigation Reserve
LitigationReserve
7500000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97200000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95700000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
3500000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
3800000 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
100700000 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
99500000 shares
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q1 us-gaap Revenues
Revenues
337500000 usd
CY2022Q1 us-gaap Revenues
Revenues
307600000 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
139900000 usd
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
128300000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
19700000 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
17900000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
15000000.0 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
10900000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000.0 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-900000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3700000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6100000 usd
CY2023Q1 us-gaap Assets
Assets
4135500000 usd
CY2022Q4 us-gaap Assets
Assets
4505200000 usd
CY2023Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
22800000 usd
CY2022Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2100000 usd
CY2023Q1 us-gaap Revenues
Revenues
337500000 usd
CY2022Q1 us-gaap Revenues
Revenues
307600000 usd
CY2023Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
22800000 usd
CY2022Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2100000 usd
CY2023Q1 us-gaap Revenues
Revenues
337500000 usd
CY2022Q1 us-gaap Revenues
Revenues
307600000 usd

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