2020 Q2 Form 10-K Financial Statement

#000156459021046383 Filed on August 30, 2021

View on sec.gov

Income Statement

Concept 2020 Q2 2019 2018 Q2
Revenue $42.11M $108.4M $19.50M
YoY Change 32.91% 67.04%
Cost Of Revenue $10.10M $29.92M $5.560M
YoY Change 18.99% 54.44%
Gross Profit $32.01M $78.43M $13.94M
YoY Change 38.0% 72.41%
Gross Profit Margin 76.02% 72.39% 71.49%
Selling, General & Admin $27.34M $59.31M $10.71M
YoY Change 44.65% 67.91%
% of Gross Profit 85.42% 75.62% 76.83%
Research & Development $14.93M $28.92M $4.970M
YoY Change 58.03% 60.81%
% of Gross Profit 46.64% 36.88% 35.65%
Depreciation & Amortization $1.050M $3.150M
YoY Change -33.54% 36.36%
% of Gross Profit 3.28% 4.02%
Operating Expenses $42.27M $88.24M $15.69M
YoY Change 49.11% 65.51%
Operating Profit -$10.26M -$9.803M -$1.750M
YoY Change 99.13% 25.41%
Interest Expense $750.0K $825.0K
YoY Change 93.21%
% of Operating Profit
Other Income/Expense, Net $764.0K $2.333M $330.0K
YoY Change 28.19% 269.15%
Pretax Income -$9.497M -$7.470M -$1.420M
YoY Change 108.4% 3.97%
Income Tax $1.000K -$156.0K $0.00
% Of Pretax Income
Net Earnings -$9.498M -$7.314M -$1.420M
YoY Change 111.16% 1.65%
Net Earnings / Revenue -22.56% -6.75% -7.28%
Basic Earnings Per Share
Diluted Earnings Per Share -$333.7K -$104.9K -$20.42K
COMMON SHARES
Basic Shares Outstanding 72.58M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $697.6M $162.3M
YoY Change 329.9% 75.84%
Cash & Equivalents $573.6M $90.30M $22.40M
Short-Term Investments $124.0M $72.00M
Other Short-Term Assets $1.671B $1.342B
YoY Change 45.65%
Inventory
Prepaid Expenses
Receivables $4.252M $9.200M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.379B $1.513B
YoY Change 57.26% 48.53%
LONG-TERM ASSETS
Property, Plant & Equipment $13.87M $6.600M
YoY Change 111.47% 11.86%
Goodwill $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.70M $6.600M
YoY Change 61.12% 43.48%
Total Long-Term Assets $24.57M $13.20M
YoY Change 86.13% 24.53%
TOTAL ASSETS
Total Short-Term Assets $2.379B $1.513B
Total Long-Term Assets $24.57M $13.20M
Total Assets $2.404B $1.526B
YoY Change 57.51% 48.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.478M $5.100M
YoY Change -31.31% 240.0%
Accrued Expenses $10.84M $7.300M
YoY Change 65.36% 65.91%
Deferred Revenue $5.891M
YoY Change 69.82%
Short-Term Debt $2.300M $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $1.677B $1.349B
YoY Change 24.26% 45.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $13.83M $3.200M
YoY Change 855.56% -11.11%
Total Long-Term Liabilities $13.83M $3.200M
YoY Change 855.56% -65.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.677B $1.349B
Total Long-Term Liabilities $13.83M $3.200M
Total Liabilities $1.693B $1.353B
YoY Change 25.18% 43.89%
SHAREHOLDERS EQUITY
Retained Earnings -$148.7M
YoY Change 26.43%
Common Stock $2.000K
YoY Change 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $710.7M $173.7M -$101.9M
YoY Change
Total Liabilities & Shareholders Equity $2.404B $1.526B
YoY Change 57.51% 48.29%

Cashflow Statement

Concept 2020 Q2 2019 2018 Q2
OPERATING ACTIVITIES
Net Income -$9.498M -$7.314M -$1.420M
YoY Change 111.16% 1.65%
Depreciation, Depletion And Amortization $1.050M $3.150M
YoY Change -33.54% 36.36%
Cash From Operating Activities -$1.100M -$3.949M
YoY Change -37.85% -52.74%
INVESTING ACTIVITIES
Capital Expenditures -$5.850M $2.743M
YoY Change 207.89% 108.91%
Acquisitions
YoY Change
Other Investing Activities -$21.76M -$415.5M
YoY Change -80.86% 24.63%
Cash From Investing Activities -$27.62M -$96.11M
YoY Change -76.1% -77.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 609.3M 491.7M
YoY Change 393.32% 50.68%
NET CHANGE
Cash From Operating Activities -1.100M -3.949M
Cash From Investing Activities -27.62M -96.11M
Cash From Financing Activities 609.3M 491.7M
Net Change In Cash 580.6M 391.6M
YoY Change 9309.72% -492.01%
FREE CASH FLOW
Cash From Operating Activities -$1.100M -$3.949M
Capital Expenditures -$5.850M $2.743M
Free Cash Flow $4.750M -$6.692M
YoY Change 3553.85% -30.79%

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CY2020 bill Proceeds From Maturities Of Corporate And Customer Fund Short Term Investments
ProceedsFromMaturitiesOfCorporateAndCustomerFundShortTermInvestments
806000000
CY2019 bill Proceeds From Maturities Of Corporate And Customer Fund Short Term Investments
ProceedsFromMaturitiesOfCorporateAndCustomerFundShortTermInvestments
694303000
CY2020 bill Proceeds From Sale Of Corporate And Customer Fund Short Term Investments
ProceedsFromSaleOfCorporateAndCustomerFundShortTermInvestments
46159000
CY2019 bill Proceeds From Sale Of Corporate And Customer Fund Short Term Investments
ProceedsFromSaleOfCorporateAndCustomerFundShortTermInvestments
54715000
CY2021 bill Increase Decrease In Restricted Cash And Cash Equivalents And Other Receivables Included In Funds Held For Customers
IncreaseDecreaseInRestrictedCashAndCashEquivalentsAndOtherReceivablesIncludedInFundsHeldForCustomers
10792000
CY2020 bill Increase Decrease In Restricted Cash And Cash Equivalents And Other Receivables Included In Funds Held For Customers
IncreaseDecreaseInRestrictedCashAndCashEquivalentsAndOtherReceivablesIncludedInFundsHeldForCustomers
959000
CY2019 bill Increase Decrease In Restricted Cash And Cash Equivalents And Other Receivables Included In Funds Held For Customers
IncreaseDecreaseInRestrictedCashAndCashEquivalentsAndOtherReceivablesIncludedInFundsHeldForCustomers
10203000
CY2021 bill Increase In Acquired Card Receivables
IncreaseInAcquiredCardReceivables
15703000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18902000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11437000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2743000
CY2021 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
2304000
CY2020 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
639000
CY2019 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1556000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1426890000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-249487000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-96106000
CY2021 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1129379000
CY2021 bill Payments For Convertible Senior Notes Capped Call
PaymentsForConvertibleSeniorNotesCappedCall
87860000
CY2020 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
225481000
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
308176000
CY2019 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
85160000
CY2021 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
564348000
CY2020 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
314944000
CY2019 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
414293000
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2300000
CY2021 bill Repayments Of Line Of Credit And Bank Borrowings
RepaymentsOfLineOfCreditAndBankBorrowings
2300000
CY2019 bill Repayments Of Line Of Credit And Bank Borrowings
RepaymentsOfLineOfCreditAndBankBorrowings
9500000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
28209000
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8864000
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1057000
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-7000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
863126000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
491655000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
217316000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
609209000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
391600000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
983168000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
591568000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1809693000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1592377000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
983168000
CY2019Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
550000
CY2019Q2 bill Restricted Cash And Cash Equivalents Included In Funds Held For Customers
RestrictedCashAndCashEquivalentsIncludedInFundsHeldForCustomers
892056000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
983168000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
112000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
174000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
872000
CY2021 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
1603543000
CY2021 bill Noncash Fair Value Of Stock Based Awards Assumed In Acquisition
NoncashFairValueOfStockBasedAwardsAssumedInAcquisition
55275000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
664000
CY2020 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
276307000
CY2020 bill Reclassification Of Redeemable Convertible Preferred Stock Warrant Liabilities Into Additional Paid In Capital Upon Initial Public Offering
ReclassificationOfRedeemableConvertiblePreferredStockWarrantLiabilitiesIntoAdditionalPaidInCapitalUponInitialPublicOffering
1405000
CY2020 bill Receivable From Broker Assisted Exercises Of Stock Options
ReceivableFromBrokerAssistedExercisesOfStockOptions
1228000
CY2021 bill Accrued Stock And Debt Issuance Costs
AccruedStockAndDebtIssuanceCosts
120000
CY2020 bill Accrued Stock And Debt Issuance Costs
AccruedStockAndDebtIssuanceCosts
664000
CY2019 bill Accrued Stock And Debt Issuance Costs
AccruedStockAndDebtIssuanceCosts
470000
CY2019Q4 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
225500000
CY2020Q2 bill Proceeds From Follow On Offering
ProceedsFromFollowOnOffering
307500000
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make various estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying notes. Management regularly assesses these estimates, including useful lives of long-lived assets, capitalization of internal-use software costs, incremental borrowing rates for right-of-use operating lease assets and operating lease liabilities, the estimate of credit losses on accounts receivable, acquired card receivables and other financial assets, accrual for rewards, fair value of convertible notes, the attribution method used to recognize revenue on annual contracts, variable consideration used in revenue recognition for certain financial institutions, benefit periods used to amortize deferred commissions, reserve for losses on funds held for customers, and income tax. The Company evaluates these estimates and assumptions and adjusts them accordingly. Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements. </p>
CY2021 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
0
CY2020 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
0
CY2019 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
0
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Concentrations of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, restricted cash, restricted cash equivalents, short-term investments, accounts receivable, acquired card receivables, card receivables held for sale, and deposits of cash with a bank (collectively referred to as Financial Assets). The Company maintains its cash, cash equivalents, restricted cash, restricted cash equivalents, and short-term investments with major financial institutions that may at times exceed federally insured limits. Management believes that these financial institutions are financially sound with minimal credit risk. The Company has not experienced any significant credit losses relating to its Financial Assets. </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company performs credit evaluations to verify the credit quality of its financial assets and determine any at-risk receivables. An allowance for potential credit losses on Financial Assets and customer accounts is recognized, if material. As of June 30, 2021, the allowance for potential credit losses related to accounts receivable and acquired card receivables totaled $1.9 million.</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">There were no customers that exceeded 10% of the Company’s total revenue during the years ended June 30, 2021, 2020 and 2019.</p>
CY2021Q2 bill Accounts Receivable Allowance For Potential Credit Loss And Acquired Card Receivables
AccountsReceivableAllowanceForPotentialCreditLossAndAcquiredCardReceivables
1900000
CY2021Q2 bill Allowance For Potential Credit Losses For Acquired Card Receivables
AllowanceForPotentialCreditLossesForAcquiredCardReceivables
1700000
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2021 bill Employee Stock Purchase Plan Purchase Rights Offering Period
EmployeeStockPurchasePlanPurchaseRightsOfferingPeriod
P1Y
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Advertising Expense
AdvertisingExpense
8500000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
5800000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
3700000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
145900000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
28100000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.19
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2021 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Explanation
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionExplanation
Once the services for the Company’s significant contracts have launched, the Company expects the amount of revenue to be recognized for the remaining transaction price will be materially consistent over the next two to five years.
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6300000
CY2021 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
3600000
CY2020 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
2300000
CY2019 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
1400000
CY2021 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
600000
CY2020 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
400000
CY2019 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
1100000
CY2021Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
CY2021Q2 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2020Q2 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2021Q2 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2020Q2 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2021Q2 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2020Q2 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2020Q2 bill Percentage Of Debt Securities Available For Sale Maturing Within One Year
PercentageOfDebtSecuritiesAvailableForSaleMaturingWithinOneYear
0.83
CY2020Q2 bill Percentage Of Debt Securities Available For Sale Maturing After One Year
PercentageOfDebtSecuritiesAvailableForSaleMaturingAfterOneYear
0.17
CY2021Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
100
CY2021Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
246040000
CY2021Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
61000
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
12056000
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
11000
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
CY2020 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
CY2019 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
CY2021Q2 bill Debt Securities Available For Sale Securities In Unrealized Loss Position Allowance For Credit Loss
DebtSecuritiesAvailableForSaleSecuritiesInUnrealizedLossPositionAllowanceForCreditLoss
0
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
688000
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
717000
CY2020 bill Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Reclassification To Additional Paid In Capital
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityReclassificationToAdditionalPaidInCapital
1405000
CY2020 bill Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Forfeiture Of Warrants
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForfeitureOfWarrants
0
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2021Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
655232000
CY2021Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
143000
CY2021Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
61000
CY2021Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
655314000
CY2020Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
123395000
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
590000
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
11000
CY2020Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
123974000
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
495800000
CY2021Q2 bill Available For Sale Securities Debt Maturities After One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneYearFairValue
159500000
CY2021Q2 bill Percentage Of Debt Securities Available For Sale Maturing Within One Year
PercentageOfDebtSecuritiesAvailableForSaleMaturingWithinOneYear
0.76
CY2021Q2 bill Percentage Of Debt Securities Available For Sale Maturing After One Year
PercentageOfDebtSecuritiesAvailableForSaleMaturingAfterOneYear
0.24
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
102900000
CY2020Q2 bill Available For Sale Securities Debt Maturities After One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneYearFairValue
21100000
CY2021Q2 bill Funds Held For Clients Gross
FundsHeldForClientsGross
2209248000
CY2020Q2 bill Funds Held For Clients Gross
FundsHeldForClientsGross
1649386000
CY2021Q2 us-gaap Funds Held For Clients
FundsHeldForClients
2208598000
CY2020Q2 us-gaap Funds Held For Clients
FundsHeldForClients
1644250000
CY2021Q2 bill Funds Held For Customers Debt Securities Amortized Cost
FundsHeldForCustomersDebtSecuritiesAmortizedCost
914334000
CY2021Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Gain Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
33000
CY2021Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Loss Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
39000
CY2021Q2 bill Funds Held For Customers Debt Securities Current
FundsHeldForCustomersDebtSecuritiesCurrent
914328000
CY2020Q2 bill Funds Held For Customers Debt Securities Amortized Cost
FundsHeldForCustomersDebtSecuritiesAmortizedCost
626740000
CY2021Q2 bill Purchased Credit Deteriorated Assets Purchase Price
PurchasedCreditDeterioratedAssetsPurchasePrice
3855000
CY2020Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Gain Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2055000
CY2020Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Loss Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
11000
CY2020Q2 bill Funds Held For Customers Debt Securities Current
FundsHeldForCustomersDebtSecuritiesCurrent
628784000
CY2021Q2 bill Funds Held For Customers Debt Securities Percentage Mature With In One Year
FundsHeldForCustomersDebtSecuritiesPercentageMatureWithInOneYear
0.97
CY2021Q2 bill Funds Held For Customers Debt Securities Mature Within One Year
FundsHeldForCustomersDebtSecuritiesMatureWithinOneYear
882400000
CY2021Q2 bill Funds Held For Customers Debt Securities Percentage Mature Thereafter
FundsHeldForCustomersDebtSecuritiesPercentageMatureThereafter
0.03
CY2021Q2 bill Funds Held For Customers Debt Securities Mature Thereafter
FundsHeldForCustomersDebtSecuritiesMatureThereafter
31900000
CY2020Q2 bill Funds Held For Customers Debt Securities Percentage Mature With In One Year
FundsHeldForCustomersDebtSecuritiesPercentageMatureWithInOneYear
1
CY2021Q2 bill Funds Held For Customers Debt Securities Number Of Unrealized Loss Investment Positions
FundsHeldForCustomersDebtSecuritiesNumberOfUnrealizedLossInvestmentPositions
60
CY2021Q2 bill Funds Held For Customers Debt Securities Fair Value
FundsHeldForCustomersDebtSecuritiesFairValue
81860000
CY2021Q2 bill Funds Held For Customers Debt Securities Unrealized Losses
FundsHeldForCustomersDebtSecuritiesUnrealizedLosses
39000
CY2020Q2 bill Funds Held For Customers Debt Securities Fair Value
FundsHeldForCustomersDebtSecuritiesFairValue
66781000
CY2020Q2 bill Funds Held For Customers Debt Securities Unrealized Losses
FundsHeldForCustomersDebtSecuritiesUnrealizedLosses
11000
CY2021Q2 bill Funds Held For Customers For Sale Realized Gain Loss
FundsHeldForCustomersForSaleRealizedGainLoss
0
CY2020Q2 bill Funds Held For Customers For Sale Realized Gain Loss
FundsHeldForCustomersForSaleRealizedGainLoss
0
CY2019Q2 bill Funds Held For Customers For Sale Realized Gain Loss
FundsHeldForCustomersForSaleRealizedGainLoss
0
CY2021Q2 bill Funds Held For Customers Debt Securities Available For Sale Securities In Unrealized Loss Position Allowance For Credit Loss
FundsHeldForCustomersDebtSecuritiesAvailableForSaleSecuritiesInUnrealizedLossPositionAllowanceForCreditLoss
0
CY2021Q2 bill Acquired Card Receivables Gross
AcquiredCardReceivablesGross
148833000
CY2021Q2 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
1740000
CY2021Q2 bill Acquired Card Receivables Net Current
AcquiredCardReceivablesNetCurrent
147093000
CY2021Q2 bill Acquired Card Receivable As Collateral
AcquiredCardReceivableAsCollateral
133300000
CY2021 bill Grace Period To Payment On Acquired Card Receivables
GracePeriodToPaymentOnAcquiredCardReceivables
P5D
CY2021Q2 bill Acquired Card Receivables Gross
AcquiredCardReceivablesGross
148833000
CY2021 bill Past Due Number Of Days To Accrue Fees
PastDueNumberOfDaysToAccrueFees
P90D
CY2021Q2 bill Acquired Card Receivables Initial Allowance For Credit Losses On Purchased Card Receivables With Credit Deterioration
AcquiredCardReceivablesInitialAllowanceForCreditLossesOnPurchasedCardReceivablesWithCreditDeterioration
2082000
CY2021Q2 bill Acquired Card Receivables Provision For Expected Credit Losses
AcquiredCardReceivablesProvisionForExpectedCreditLosses
462000
CY2021Q2 bill Acquired Card Receivables Charge Off Amounts
AcquiredCardReceivablesChargeOffAmounts
828000
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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7444000
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382000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
2252000
CY2021 us-gaap Sublease Income
SubleaseIncome
55000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
10023000
CY2021 bill Online Bill Payment Products Expiration Month And Year
OnlineBillPaymentProductsExpirationMonthAndYear
2027-06
CY2021Q2 us-gaap Other Commitment Due In Next Twelve Months
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11282000
CY2021Q2 us-gaap Other Commitment Due In Second Year
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10255000
CY2021Q2 us-gaap Other Commitment Due In Third Year
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5871000
CY2021Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
2000000
CY2021Q2 us-gaap Other Commitment Due In Fifth Year
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1750000
CY2021Q2 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
1750000
CY2021Q2 us-gaap Other Commitment
OtherCommitment
32908000
CY2021Q2 bill Authorized Transactions But Not Cleared
AuthorizedTransactionsButNotCleared
30300000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-98720000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-31091000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7314000
CY2021 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
82813000
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
44106000
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7797000
CY2021 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.19
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.70
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.94
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7728000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10160000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
62588000

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