2023 Q2 Form 10-Q Financial Statement

#000178635223000028 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $296.0M $272.6M $166.9M
YoY Change 47.83% 63.29% 179.41%
Cost Of Revenue $52.55M $48.85M $37.34M
YoY Change -41.0% 30.82% 141.95%
Gross Profit $243.4M $223.7M $129.6M
YoY Change 119.01% 72.65% 192.45%
Gross Profit Margin 82.24% 82.08% 77.63%
Selling, General & Admin $190.6M $187.1M $152.5M
YoY Change 60.39% 22.65% 308.75%
% of Gross Profit 78.31% 83.62% 117.71%
Research & Development $81.84M $78.76M $60.23M
YoY Change 25.6% 30.77% 170.26%
% of Gross Profit 33.62% 35.21% 46.48%
Depreciation & Amortization $24.78M $24.16M $22.97M
YoY Change 19.65% 5.18% 1401.05%
% of Gross Profit 10.18% 10.8% 17.72%
Operating Expenses $284.8M $277.9M $212.8M
YoY Change 46.44% 30.63% 256.97%
Operating Profit -$41.40M -$54.22M -$83.18M
YoY Change -50.34% -34.82% 443.82%
Interest Expense $26.46M $23.65M -$1.277M
YoY Change 1552.78% -1952.08% -88.83%
% of Operating Profit
Other Income/Expense, Net -$196.0K $23.62M -$4.416M
YoY Change -92.38% -634.92% -61.37%
Pretax Income -$15.13M -$30.60M -$87.60M
YoY Change -82.05% -65.07% 227.74%
Income Tax $738.0K $542.0K -$879.0K
% Of Pretax Income
Net Earnings -$15.87M -$31.14M -$86.72M
YoY Change -81.32% -64.09% 224.45%
Net Earnings / Revenue -5.36% -11.42% -51.96%
Basic Earnings Per Share -$0.29 -$0.84
Diluted Earnings Per Share -$0.15 -$0.29 -$835.2K
COMMON SHARES
Basic Shares Outstanding 106.3M shares 106.4M shares 103.6M
Diluted Shares Outstanding 106.6M shares 103.8M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.660B $2.664B $2.783B
YoY Change -1.66% -4.28% 60.28%
Cash & Equivalents $1.617B $1.591B $1.639B
Short-Term Investments $1.043B $1.073B $1.143B
Other Short-Term Assets $3.512B $3.276B $3.124B
YoY Change 6.99% 4.87% 60.38%
Inventory
Prepaid Expenses
Receivables $28.23M $34.07M $26.86M
Other Receivables $458.7M $431.1M $237.5M
Total Short-Term Assets $6.673B $6.405B $6.183B
YoY Change 6.27% 3.6% 67.01%
LONG-TERM ASSETS
Property, Plant & Equipment $81.56M $147.8M $53.28M
YoY Change 43.13% 177.4% 67.86%
Goodwill $2.397B $2.397B $2.363B
YoY Change 1.42% 1.41%
Intangibles $361.4M $381.6M $452.4M
YoY Change -16.45% -15.63%
Long-Term Investments
YoY Change
Other Assets $54.37M $49.70M $53.80M
YoY Change 13.9% -7.63% 139.13%
Total Long-Term Assets $2.963B $2.976B $3.001B
YoY Change -0.46% -0.85% 2950.08%
TOTAL ASSETS
Total Short-Term Assets $6.673B $6.405B $6.183B
Total Long-Term Assets $2.963B $2.976B $3.001B
Total Assets $9.636B $9.381B $9.184B
YoY Change 4.11% 2.15% 141.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.519M $180.4M $9.433M
YoY Change -14.36% 1812.2% 119.37%
Accrued Expenses $194.7M $20.64M $155.1M
YoY Change 62.17% -86.7% 707.95%
Deferred Revenue $26.33M $28.08M $31.60M
YoY Change -17.38% -11.13%
Short-Term Debt $135.0M $0.00 $30.37M
YoY Change 79.83% -100.0%
Long-Term Debt Due $1.135B
YoY Change
Total Short-Term Liabilities $3.753B $3.335B $4.392B
YoY Change 10.11% -24.05% 122.96%
LONG-TERM LIABILITIES
Long-Term Debt $1.705B $1.838B $609.5M
YoY Change 0.4% 201.57% -32.12%
Other Long-Term Liabilities $18.94M $102.9M $29.28M
YoY Change -8.94% 251.62% -51.37%
Total Long-Term Liabilities $18.94M $1.941B $29.28M
YoY Change -8.94% 6529.85% -96.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.753B $3.335B $4.392B
Total Long-Term Liabilities $18.94M $1.941B $29.28M
Total Liabilities $5.550B $5.277B $5.116B
YoY Change 6.48% 3.15% 74.61%
SHAREHOLDERS EQUITY
Retained Earnings -$856.2M -$779.7M -$459.9M
YoY Change 57.14% 69.54%
Common Stock $2.000K $4.887B $4.536B
YoY Change 0.0% 7.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.086B $4.104B $4.068B
YoY Change
Total Liabilities & Shareholders Equity $9.636B $9.381B $9.184B
YoY Change 4.11% 2.15% 141.67%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$15.87M -$31.14M -$86.72M
YoY Change -81.32% -64.09% 224.45%
Depreciation, Depletion And Amortization $24.78M $24.16M $22.97M
YoY Change 19.65% 5.18% 1401.05%
Cash From Operating Activities $80.36M $34.03M $26.45M
YoY Change -867.19% 28.69% -1773.73%
INVESTING ACTIVITIES
Capital Expenditures $7.473M $10.06M -$3.677M
YoY Change -267.22% -373.57% -3.24%
Acquisitions
YoY Change
Other Investing Activities $386.7M -$15.33M -$102.9M
YoY Change -923.85% -85.11% -72.93%
Cash From Investing Activities $379.2M -$25.39M -$106.6M
YoY Change -837.69% -76.18% -72.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 195.4M -347.2M -323.4M
YoY Change 40.87% 7.34% 15.41%
NET CHANGE
Cash From Operating Activities 80.36M 34.03M 26.45M
Cash From Investing Activities 379.2M -25.39M -106.6M
Cash From Financing Activities 195.4M -347.2M -323.4M
Net Change In Cash 655.0M -338.5M -403.6M
YoY Change 752.52% -16.12% -39.38%
FREE CASH FLOW
Cash From Operating Activities $80.36M $34.03M $26.45M
Capital Expenditures $7.473M $10.06M -$3.677M
Free Cash Flow $72.88M $23.97M $30.12M
YoY Change -1313.69% -20.42% 1256.85%

Facts In Submission

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CY2022Q1 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2023Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
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CY2023Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
27000000 usd
CY2023Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
63392000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Stockholders Equity
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StockholdersEquity
2529590000 usd
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
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CY2021Q3 us-gaap Stock Issued During Period Value Acquisitions
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Mark To Market
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26710000 usd
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CY2021Q3 bill Adjustment To Additional Paid In Capital Purchase Of Capped Calls
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
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14140000 usd
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5649000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
4068316000 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Share Based Compensation
ShareBasedCompensation
255717000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
56209000 usd
us-gaap Depreciation
Depreciation
7907000 usd
us-gaap Depreciation
Depreciation
6701000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3009000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1519000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5217000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3362000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
23710000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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bill Provision For Losses On Acquired Card Receivables
ProvisionForLossesOnAcquiredCardReceivables
23685000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
29100000 usd
bill Provision For Losses On Acquired Card Receivables
ProvisionForLossesOnAcquiredCardReceivables
15621000 usd
bill Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
7114000 usd
bill Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
6307000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1348000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9969000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5846000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7477000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2966000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2040000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
968000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
9639000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
12665000 usd
bill Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-7711000 usd
bill Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-5591000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-272000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
302000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4740000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
5191000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
107413000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
28902000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
144541000 usd
bill Payment To Acquire Corporate And Customer Fund Short Term Investments
PaymentToAcquireCorporateAndCustomerFundShortTermInvestments
2394518000 usd
bill Payment To Acquire Corporate And Customer Fund Short Term Investments
PaymentToAcquireCorporateAndCustomerFundShortTermInvestments
2176127000 usd
bill Proceeds From Maturities Of Corporate And Customer Fund Short Term Investments
ProceedsFromMaturitiesOfCorporateAndCustomerFundShortTermInvestments
2510829000 usd
bill Proceeds From Maturities Of Corporate And Customer Fund Short Term Investments
ProceedsFromMaturitiesOfCorporateAndCustomerFundShortTermInvestments
1308650000 usd
bill Proceeds From Sale Of Corporate And Customer Fund Short Term Investments
ProceedsFromSaleOfCorporateAndCustomerFundShortTermInvestments
11607000 usd
bill Proceeds From Sale Of Corporate And Customer Fund Short Term Investments
ProceedsFromSaleOfCorporateAndCustomerFundShortTermInvestments
50744000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
11300000 usd
bill Increase In Acquired Card Receivables
IncreaseInAcquiredCardReceivables
197289000 usd
bill Increase In Acquired Card Receivables
IncreaseInAcquiredCardReceivables
103456000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6499000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3758000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
17231000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
7409000 usd
us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
2080000 usd
us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-119923000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
1341122000 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
560075000 usd
bill Payments For Convertible Senior Notes Capped Call
PaymentsForConvertibleSeniorNotesCappedCall
0 usd
bill Payments For Convertible Senior Notes Capped Call
PaymentsForConvertibleSeniorNotesCappedCall
37893000 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-25028000 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
834591000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24001000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
60000000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10860000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
29116000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17879000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12849000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
39710000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2739860000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27212000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1656344000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3542715000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1809692000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3569927000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3466036000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1590560000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1639371000 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
96823000 usd
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
28343000 usd
CY2023Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6724000 usd
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6724000 usd
CY2023Q1 bill Restricted Cash And Cash Equivalents Included In Funds Held For Customers
RestrictedCashAndCashEquivalentsIncludedInFundsHeldForCustomers
1875820000 usd
CY2022Q1 bill Restricted Cash And Cash Equivalents Included In Funds Held For Customers
RestrictedCashAndCashEquivalentsIncludedInFundsHeldForCustomers
1791598000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3569927000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3466036000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
272555000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
166911000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassification</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain accounts in the prior period condensed consolidated statements of operation were reclassified to conform with the current year presentation.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed 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 condensed consolidated financial statements and the accompanying notes. Management regularly assesses these estimates, including, but not limited to 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 losses on accounts receivable, acquired card receivables, and other financial assets; accrual for rewards; variable consideration used in revenue recognition for certain contracts; benefit periods </span></div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">used to amortize deferred costs; reserve for losses on funds held for customers; inputs used to value certain stock-based compensation awards;</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and valuation of income taxes. 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 condensed consolidated financial statements.</span>
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
762485000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
441738000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4500000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Credit Risk </span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, and acquired card receivables (collectively referred to as Financial Assets). The Company maintains its cash, cash equivalents, restricted cash, restricted cash equivalents and short-term investments with large multinational financial institutions that may at times exceed federally insured limits. In connection with recent instability in the U.S. banking system, management has taken incremental precautions to safeguard its assets and evaluate the nature and extent of its financial partnerships. Management believes that the financial institutions with which the Company does business are financially sound with minimal credit risk. Management further believes the associated risk of concentration for the Company’s investments is mitigated by holding a diversified portfolio of highly rated investments consisting of money market funds and short-term debt securities.</span></div>
CY2023Q1 bill Accounts Receivable Allowance For Potential Credit Loss And Acquired Card Receivables
AccountsReceivableAllowanceForPotentialCreditLossAndAcquiredCardReceivables
14000000 usd
CY2022Q2 bill Accounts Receivable Allowance For Potential Credit Loss And Acquired Card Receivables
AccountsReceivableAllowanceForPotentialCreditLossAndAcquiredCardReceivables
5800000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
115000000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.84
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.16
CY2023Q1 bill Unbilled Revenue Current
UnbilledRevenueCurrent
15300000 usd
CY2022Q2 bill Unbilled Revenue Current
UnbilledRevenueCurrent
11400000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1075507000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
667000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3161000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1073013000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1116408000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7919000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1108493000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
3900000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
3000000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
856700000 usd
CY2023Q1 bill Available For Sale Securities Debt Maturities After One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneYearFairValue
216300000 usd
CY2023Q1 bill Percentage Of Debt Securities Available For Sale Maturing Within One Year
PercentageOfDebtSecuritiesAvailableForSaleMaturingWithinOneYear
0.80
CY2023Q1 bill Percentage Of Debt Securities Available For Sale Maturing After One Year
PercentageOfDebtSecuritiesAvailableForSaleMaturingAfterOneYear
0.20
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
961800000 usd
CY2022Q2 bill Available For Sale Securities Debt Maturities After One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneYearFairValue
146700000 usd
CY2022Q2 bill Percentage Of Debt Securities Available For Sale Maturing Within One Year
PercentageOfDebtSecuritiesAvailableForSaleMaturingWithinOneYear
0.87
CY2022Q2 bill Percentage Of Debt Securities Available For Sale Maturing After One Year
PercentageOfDebtSecuritiesAvailableForSaleMaturingAfterOneYear
0.13
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
160 investmentposition
bill Debt Securities Available For Sale Number Of Investment Positions
DebtSecuritiesAvailableForSaleNumberOfInvestmentPositions
330 investmentposition
CY2022Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Gain Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1000 usd
CY2022Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Loss Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2127000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
412361000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3161000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
855892000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
7919000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
286600000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
851800000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
123500000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2023Q1 bill Debt Securities Available For Sale Securities In Unrealized Loss Position Allowance For Credit Loss
DebtSecuritiesAvailableForSaleSecuritiesInUnrealizedLossPositionAllowanceForCreditLoss
0 usd
CY2022Q2 bill Debt Securities Available For Sale Securities In Unrealized Loss Position Allowance For Credit Loss
DebtSecuritiesAvailableForSaleSecuritiesInUnrealizedLossPositionAllowanceForCreditLoss
0 usd
CY2023Q1 bill Funds Held For Clients Gross
FundsHeldForClientsGross
3117307000 usd
CY2022Q2 bill Funds Held For Clients Gross
FundsHeldForClientsGross
3145662000 usd
CY2023Q1 bill Accrued Income Earned
AccruedIncomeEarned
10947000 usd
CY2022Q2 bill Accrued Income Earned
AccruedIncomeEarned
3002000 usd
CY2023Q1 us-gaap Funds Held For Clients
FundsHeldForClients
3106360000 usd
CY2022Q2 us-gaap Funds Held For Clients
FundsHeldForClients
3142660000 usd
CY2023Q1 bill Funds Held For Customers Debt Securities Amortized Cost
FundsHeldForCustomersDebtSecuritiesAmortizedCost
1228597000 usd
CY2023Q1 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Gain Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
124000 usd
CY2023Q1 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Loss Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
635000 usd
CY2023Q1 bill Funds Held For Customers Debt Securities Current
FundsHeldForCustomersDebtSecuritiesCurrent
1228086000 usd
CY2022Q2 bill Funds Held For Customers Debt Securities Amortized Cost
FundsHeldForCustomersDebtSecuritiesAmortizedCost
1286844000 usd
bill Acquired Card Receivables Charge Off Amounts Originated In Current Fiscal Year
AcquiredCardReceivablesChargeOffAmountsOriginatedInCurrentFiscalYear
6500000 usd
CY2022Q2 bill Funds Held For Customers Debt Securities Current
FundsHeldForCustomersDebtSecuritiesCurrent
1284718000 usd
CY2023Q1 bill Funds Held For Customers Debt Securities Percentage Mature Within One Year
FundsHeldForCustomersDebtSecuritiesPercentageMatureWithinOneYear
0.93
CY2023Q1 bill Funds Held For Customers Debt Securities Mature Within One Year
FundsHeldForCustomersDebtSecuritiesMatureWithinOneYear
1100000000 usd
CY2023Q1 bill Funds Held For Customers Debt Securities Percentage Mature Thereafter
FundsHeldForCustomersDebtSecuritiesPercentageMatureThereafter
0.07
CY2023Q1 bill Funds Held For Customers Debt Securities Mature Thereafter
FundsHeldForCustomersDebtSecuritiesMatureThereafter
90500000 usd
CY2022Q2 bill Funds Held For Customers Debt Securities Percentage Mature Within One Year
FundsHeldForCustomersDebtSecuritiesPercentageMatureWithinOneYear
0.95
CY2022Q2 bill Funds Held For Customers Debt Securities Mature Within One Year
FundsHeldForCustomersDebtSecuritiesMatureWithinOneYear
1200000000 usd
CY2022Q2 bill Funds Held For Customers Debt Securities Percentage Mature Thereafter
FundsHeldForCustomersDebtSecuritiesPercentageMatureThereafter
0.05
CY2022Q2 bill Funds Held For Customers Debt Securities Mature Thereafter
FundsHeldForCustomersDebtSecuritiesMatureThereafter
69900000 usd
CY2023Q1 bill Funds Held For Customers Debt Securities Number Of Unrealized Loss Investment Positions
FundsHeldForCustomersDebtSecuritiesNumberOfUnrealizedLossInvestmentPositions
70 investmentposition
CY2023Q1 bill Funds Held For Customers Debt Securities Number Of Investment Positions
FundsHeldForCustomersDebtSecuritiesNumberOfInvestmentPositions
340 investmentposition
CY2023Q1 bill Funds Held For Customers Debt Securities Fair Value
FundsHeldForCustomersDebtSecuritiesFairValue
211370000 usd
CY2023Q1 bill Funds Held For Customers Debt Securities Unrealized Losses
FundsHeldForCustomersDebtSecuritiesUnrealizedLosses
635000 usd
CY2022Q2 bill Funds Held For Customers Debt Securities Fair Value
FundsHeldForCustomersDebtSecuritiesFairValue
375574000 usd
CY2022Q2 bill Funds Held For Customers Debt Securities Unrealized Losses
FundsHeldForCustomersDebtSecuritiesUnrealizedLosses
2127000 usd
CY2023Q1 bill Funds Held For Customers Continuous Unrealized Loss Position Less Than12 Months
FundsHeldForCustomersContinuousUnrealizedLossPositionLessThan12Months
199100000 usd
CY2022Q2 bill Funds Held For Customers Continuous Unrealized Loss Position Less Than12 Months
FundsHeldForCustomersContinuousUnrealizedLossPositionLessThan12Months
375600000 usd
CY2023Q1 bill Funds Held For Customers Continuous Unrealized Loss Position12 Months Or Longer
FundsHeldForCustomersContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
CY2022Q2 bill Funds Held For Customers Continuous Unrealized Loss Position12 Months Or Longer
FundsHeldForCustomersContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
bill Funds Held For Customers Realized Gain Loss
FundsHeldForCustomersRealizedGainLoss
0 usd
bill Funds Held For Customers Realized Gain Loss
FundsHeldForCustomersRealizedGainLoss
0 usd
CY2023Q1 bill Funds Held For Customers Realized Gain Loss
FundsHeldForCustomersRealizedGainLoss
0 usd
CY2022Q1 bill Funds Held For Customers Realized Gain Loss
FundsHeldForCustomersRealizedGainLoss
0 usd
CY2023Q1 bill Funds Held For Customers Debt Securities Available For Sale Securities In Unrealized Loss Position Allowance For Credit Loss
FundsHeldForCustomersDebtSecuritiesAvailableForSaleSecuritiesInUnrealizedLossPositionAllowanceForCreditLoss
0 usd
CY2022Q2 bill Funds Held For Customers Debt Securities Available For Sale Securities In Unrealized Loss Position Allowance For Credit Loss
FundsHeldForCustomersDebtSecuritiesAvailableForSaleSecuritiesInUnrealizedLossPositionAllowanceForCreditLoss
0 usd
CY2023Q1 bill Acquired Card Receivables Gross
AcquiredCardReceivablesGross
444709000 usd
CY2022Q2 bill Acquired Card Receivables Gross
AcquiredCardReceivablesGross
261806000 usd
CY2023Q1 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
13595000 usd
CY2022Q2 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
5414000 usd
CY2023Q1 bill Acquired Card Receivables Net Current
AcquiredCardReceivablesNetCurrent
431114000 usd
CY2022Q2 bill Acquired Card Receivables Net Current
AcquiredCardReceivablesNetCurrent
256392000 usd
CY2023Q1 bill Acquired Card Receivable As Collateral
AcquiredCardReceivableAsCollateral
194100000 usd
CY2023Q1 bill Authorized Transactions But Not Cleared
AuthorizedTransactionsButNotCleared
64300000 usd
bill Grace Period To Payment On Acquired Card Receivables
GracePeriodToPaymentOnAcquiredCardReceivables
P5D
CY2023Q1 bill Acquired Card Receivables Gross
AcquiredCardReceivablesGross
444709000 usd
CY2022Q2 bill Acquired Card Receivables Gross
AcquiredCardReceivablesGross
261806000 usd
CY2023Q1 bill Acquired Card Receivables Modifications
AcquiredCardReceivablesModifications
836000 usd
bill Acquired Card Receivables Modifications
AcquiredCardReceivablesModifications
4628000 usd
CY2022Q4 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
11948000 usd
CY2021Q4 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
4607000 usd
CY2022Q2 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
5414000 usd
CY2021Q2 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
1740000 usd
CY2023Q1 bill Acquired Card Receivables Initial Allowance For Credit Losses On Purchased Card Receivables With Credit Deterioration
AcquiredCardReceivablesInitialAllowanceForCreditLossesOnPurchasedCardReceivablesWithCreditDeterioration
0 usd
CY2022Q1 bill Acquired Card Receivables Initial Allowance For Credit Losses On Purchased Card Receivables With Credit Deterioration
AcquiredCardReceivablesInitialAllowanceForCreditLossesOnPurchasedCardReceivablesWithCreditDeterioration
1000 usd
bill Acquired Card Receivables Initial Allowance For Credit Losses On Purchased Card Receivables With Credit Deterioration
AcquiredCardReceivablesInitialAllowanceForCreditLossesOnPurchasedCardReceivablesWithCreditDeterioration
10000 usd
bill Acquired Card Receivables Initial Allowance For Credit Losses On Purchased Card Receivables With Credit Deterioration
AcquiredCardReceivablesInitialAllowanceForCreditLossesOnPurchasedCardReceivablesWithCreditDeterioration
311000 usd
CY2023Q1 bill Acquired Card Receivables Provision For Expected Credit Losses
AcquiredCardReceivablesProvisionForExpectedCreditLosses
8425000 usd
CY2022Q1 bill Acquired Card Receivables Provision For Expected Credit Losses
AcquiredCardReceivablesProvisionForExpectedCreditLosses
6085000 usd
bill Acquired Card Receivables Provision For Expected Credit Losses
AcquiredCardReceivablesProvisionForExpectedCreditLosses
23529000 usd
bill Acquired Card Receivables Provision For Expected Credit Losses
AcquiredCardReceivablesProvisionForExpectedCreditLosses
15310000 usd
CY2023Q1 bill Acquired Card Receivables Charge Off Amounts
AcquiredCardReceivablesChargeOffAmounts
7155000 usd
CY2022Q1 bill Acquired Card Receivables Charge Off Amounts
AcquiredCardReceivablesChargeOffAmounts
5774000 usd
bill Acquired Card Receivables Charge Off Amounts
AcquiredCardReceivablesChargeOffAmounts
16568000 usd
bill Acquired Card Receivables Charge Off Amounts
AcquiredCardReceivablesChargeOffAmounts
13070000 usd
CY2023Q1 bill Acquired Card Receivables Recoveries Collected
AcquiredCardReceivablesRecoveriesCollected
377000 usd
CY2022Q1 bill Acquired Card Receivables Recoveries Collected
AcquiredCardReceivablesRecoveriesCollected
481000 usd
bill Acquired Card Receivables Recoveries Collected
AcquiredCardReceivablesRecoveriesCollected
1210000 usd
bill Acquired Card Receivables Recoveries Collected
AcquiredCardReceivablesRecoveriesCollected
1109000 usd
CY2023Q1 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
13595000 usd
CY2022Q1 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
5400000 usd
CY2023Q1 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
13595000 usd
CY2022Q1 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
5400000 usd
CY2023Q1 bill Card Receivables Acquired During The Period
CardReceivablesAcquiredDuringThePeriod
3400000000 usd
bill Card Receivables Acquired During The Period
CardReceivablesAcquiredDuringThePeriod
9400000000 usd
CY2022Q1 bill Card Receivables Acquired During The Period
CardReceivablesAcquiredDuringThePeriod
1700000000 usd
bill Card Receivables Acquired During The Period
CardReceivablesAcquiredDuringThePeriod
4400000000 usd
bill Acquired Card Receivables Charge Off Amounts Originated In Fiscal Year Before Current Fiscal Year
AcquiredCardReceivablesChargeOffAmountsOriginatedInFiscalYearBeforeCurrentFiscalYear
10100000 usd
CY2023Q1 bill Transferred Card Receivables Gross
TransferredCardReceivablesGross
0 usd
CY2022Q2 bill Transferred Card Receivables Gross
TransferredCardReceivablesGross
57300000 usd
CY2023Q1 bill Fair Value Beneficial Interest Derivative
FairValueBeneficialInterestDerivative
0 usd
CY2022Q2 bill Fair Value Beneficial Interest Derivative
FairValueBeneficialInterestDerivative
0 usd
CY2023Q1 bill Acquired Card Receivables Servicing Fee Income
AcquiredCardReceivablesServicingFeeIncome
0 usd
bill Acquired Card Receivables Servicing Fee Income
AcquiredCardReceivablesServicingFeeIncome
0 usd
bill Acquired Card Receivables Servicing Fee Income
AcquiredCardReceivablesServicingFeeIncome
0 usd
CY2022Q1 bill Acquired Card Receivables Servicing Fee Income
AcquiredCardReceivablesServicingFeeIncome
0 usd
CY2023Q1 bill Initial Fair Value Of Consideration Received Cash
InitialFairValueOfConsiderationReceivedCash
0 usd
CY2022Q1 bill Initial Fair Value Of Consideration Received Cash
InitialFairValueOfConsiderationReceivedCash
394497000 usd
bill Initial Fair Value Of Consideration Received Cash
InitialFairValueOfConsiderationReceivedCash
316477000 usd
bill Initial Fair Value Of Consideration Received Cash
InitialFairValueOfConsiderationReceivedCash
1019704000 usd
CY2023Q1 bill Initial Fair Value Of Consideration Received Beneficial Interest Derivative
InitialFairValueOfConsiderationReceivedBeneficialInterestDerivative
0 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
7053000 usd
CY2022Q1 bill Initial Fair Value Of Consideration Received Beneficial Interest Derivative
InitialFairValueOfConsiderationReceivedBeneficialInterestDerivative
1100000 usd
bill Initial Fair Value Of Consideration Received Beneficial Interest Derivative
InitialFairValueOfConsiderationReceivedBeneficialInterestDerivative
1682000 usd
bill Initial Fair Value Of Consideration Received Beneficial Interest Derivative
InitialFairValueOfConsiderationReceivedBeneficialInterestDerivative
3387000 usd
CY2023Q1 bill Initial Fair Value Of Consideration Received
InitialFairValueOfConsiderationReceived
0 usd
CY2022Q1 bill Initial Fair Value Of Consideration Received
InitialFairValueOfConsiderationReceived
395597000 usd
bill Initial Fair Value Of Consideration Received
InitialFairValueOfConsiderationReceived
318159000 usd
bill Initial Fair Value Of Consideration Received
InitialFairValueOfConsiderationReceived
1023091000 usd
CY2023Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
21917000 usd
CY2022Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
27015000 usd
CY2023Q1 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
1703083000 usd
CY2022Q2 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
1697985000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
1838141000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1773082000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1093000 usd
bill Debt Instrument Weighted Average Remaining Term
DebtInstrumentWeightedAverageRemainingTerm
P3Y1M6D
CY2023Q1 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0782
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
26700000 usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
66321000 usd
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
53903000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
262905000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
143431000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
63790000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
52810000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
255852000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
140381000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2531000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3050000 usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
66321000 usd
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
53903000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
262905000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
143431000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
52200000 usd
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
CY2023Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P12M
us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
358947 shares
CY2023Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
358947 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
358947 shares
CY2023Q1 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
358947 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
27000000 usd
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
27000000 usd
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
273000000 usd
CY2022Q1 bill Investment Income Expense
InvestmentIncomeExpense
1185000 usd
bill Investment Income Expense
InvestmentIncomeExpense
60219000 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4193000 usd
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2462000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-10604000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6785000 usd
CY2023Q1 bill Lower Of Cost Or Market Adjustment On Card Receivables Sold And Held For Sale
LowerOfCostOrMarketAdjustmentOnCardReceivablesSoldAndHeldForSale
0 usd
CY2022Q1 bill Lower Of Cost Or Market Adjustment On Card Receivables Sold And Held For Sale
LowerOfCostOrMarketAdjustmentOnCardReceivablesSoldAndHeldForSale
3179000 usd
bill Lower Of Cost Or Market Adjustment On Card Receivables Sold And Held For Sale
LowerOfCostOrMarketAdjustmentOnCardReceivablesSoldAndHeldForSale
1545000 usd
bill Lower Of Cost Or Market Adjustment On Card Receivables Sold And Held For Sale
LowerOfCostOrMarketAdjustmentOnCardReceivablesSoldAndHeldForSale
7824000 usd
CY2023Q1 bill Investment Income Expense
InvestmentIncomeExpense
27844000 usd
bill Investment Income Expense
InvestmentIncomeExpense
2456000 usd
CY2023Q1 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
29000 usd
CY2022Q1 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-40000 usd
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
1479000 usd
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
738000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
23622000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4416000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
46591000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-12891000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0510
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4000000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3900000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
10300000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3651000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3580000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
10531000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
10175000 usd
CY2023Q1 bill Variable Lease Cost And Reimbursement Of Excess Payments
VariableLeaseCostAndReimbursementOfExcessPayments
593000 usd
CY2022Q1 bill Variable Lease Cost And Reimbursement Of Excess Payments
VariableLeaseCostAndReimbursementOfExcessPayments
-345000 usd
bill Variable Lease Cost And Reimbursement Of Excess Payments
VariableLeaseCostAndReimbursementOfExcessPayments
1518000 usd
bill Variable Lease Cost And Reimbursement Of Excess Payments
VariableLeaseCostAndReimbursementOfExcessPayments
2564000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
152000 usd
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
215000 usd
us-gaap Sublease Income
SubleaseIncome
441000 usd
us-gaap Sublease Income
SubleaseIncome
546000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
4092000 usd
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
3020000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
11608000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
12193000 usd
bill Other Facility And Equipment Expiration Year
OtherFacilityAndEquipmentExpirationYear
2031
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3609000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13831000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13425000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13292000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13226000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13590000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
35919000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
106892000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
18782000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
88110000 usd
bill Multiyear Third Party And Financial Institutions Agreements Expiration Year
MultiyearThirdPartyAndFinancialInstitutionsAgreementsExpirationYear
2029
CY2023Q1 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
10023000 usd
CY2023Q1 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
15103000 usd
CY2023Q1 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
12705000 usd
CY2023Q1 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
6004000 usd
CY2023Q1 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
5241000 usd
CY2023Q1 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
5491000 usd
CY2023Q1 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
29250000 usd
CY2023Q1 us-gaap Other Commitment
OtherCommitment
83817000 usd
CY2023Q1 bill Authorized Transactions But Not Cleared
AuthorizedTransactionsButNotCleared
64300000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-31138000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-86720000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-207854000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-241419000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106597000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106597000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103830000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103830000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105843000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105843000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100856000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100856000 shares
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.84
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.96
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.96
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.39
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7355000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7391000 shares

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bill-20230331.htm Edgar Link pending
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