2024 Q3 Form 10-K Financial Statement

#000178635224000035 Filed on August 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $358.5M $343.7M $1.290B
YoY Change 17.53% 16.11% 21.89%
Cost Of Revenue $64.70M $65.20M $234.6M
YoY Change 15.47% 24.07% 20.95%
Gross Profit $293.8M $278.5M $1.056B
YoY Change 17.99% 14.39% 22.1%
Gross Profit Margin 81.95% 81.03% 81.82%
Selling, General & Admin $193.1M $209.0M $756.2M
YoY Change -5.22% 9.64% -5.14%
% of Gross Profit 65.73% 75.06% 71.64%
Research & Development $78.69M $79.61M $336.8M
YoY Change -11.65% -2.73% 7.03%
% of Gross Profit 26.79% 28.59% 31.9%
Depreciation & Amortization $3.169M $26.00M $23.20M
YoY Change -14.77% 4.94% 49.68%
% of Gross Profit 1.08% 9.34% 2.2%
Operating Expenses $301.5M $300.3M $1.230B
YoY Change -1.36% 5.43% 5.99%
Operating Profit -$7.698M -$21.83M -$174.2M
YoY Change -86.41% -47.27% -41.12%
Interest Expense $18.04M
YoY Change -39.1%
% of Operating Profit
Other Income/Expense, Net $17.88M $29.82M $147.8M
YoY Change -39.0% -15313.78% 102.93%
Pretax Income $10.18M $7.596M -$26.32M
YoY Change -137.24% -150.19% -88.19%
Income Tax $1.300M $0.00 $2.559M
% Of Pretax Income 12.77% 0.0%
Net Earnings $8.912M $7.596M -$28.88M
YoY Change -131.99% -147.86% -87.09%
Net Earnings / Revenue 2.49% 2.21% -2.24%
Basic Earnings Per Share $0.08 -$0.27
Diluted Earnings Per Share $0.08 $0.07 -$0.27
COMMON SHARES
Basic Shares Outstanding 106.7M shares 106.1M shares 106.1M shares
Diluted Shares Outstanding 107.3M shares 106.1M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.473B $1.587B $1.587B
YoY Change -44.34% -40.33% -40.33%
Cash & Equivalents $853.5M $985.9M $985.9M
Short-Term Investments $619.6M $601.5M $601.5M
Other Short-Term Assets $4.071B $4.002B $4.002B
YoY Change 18.24% 13.95% 13.95%
Inventory
Prepaid Expenses
Receivables $31.93M $28.05M $28.05M
Other Receivables $628.3M $697.2M $697.2M
Total Short-Term Assets $6.204B $6.315B $6.315B
YoY Change -7.15% -5.37% -5.37%
LONG-TERM ASSETS
Property, Plant & Equipment $90.02M $88.03M $147.4M
YoY Change 5.54% 7.93% -2.06%
Goodwill $2.397B $2.397B
YoY Change 0.0% 0.0%
Intangibles $264.9M $281.5M
YoY Change -22.36% -22.12%
Long-Term Investments
YoY Change
Other Assets $32.05M $38.57M $38.57M
YoY Change -34.12% -29.06% -29.06%
Total Long-Term Assets $2.841B $2.864B $2.864B
YoY Change -3.31% -3.34% -3.34%
TOTAL ASSETS
Total Short-Term Assets $6.204B $6.315B $6.315B
Total Long-Term Assets $2.841B $2.864B $2.864B
Total Assets $9.045B $9.179B $9.179B
YoY Change -5.98% -4.74% -4.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.18M $7.447M $307.0M
YoY Change 72.25% -12.58% 62.28%
Accrued Expenses $212.3M $299.5M $34.16M
YoY Change -16.05% 53.8% -27.32%
Deferred Revenue $21.73M $17.01M
YoY Change 11.5% -35.41%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.056B $4.063B $4.063B
YoY Change 9.6% 8.25% 8.25%
LONG-TERM LIABILITIES
Long-Term Debt $914.8M $914.0M $914.0M
YoY Change -46.39% -46.39% -46.39%
Other Long-Term Liabilities $609.0K $574.0K $67.59M
YoY Change -97.03% -96.97% -25.74%
Total Long-Term Liabilities $609.0K $574.0K $981.6M
YoY Change -97.03% -96.97% -45.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.056B $4.063B $4.063B
Total Long-Term Liabilities $609.0K $574.0K $981.6M
Total Liabilities $5.032B $5.045B $5.045B
YoY Change -8.55% -9.11% -9.11%
SHAREHOLDERS EQUITY
Retained Earnings -$1.290B -$1.097B
YoY Change 43.29% 28.12%
Common Stock $5.294B $2.000K
YoY Change 5.41% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.013B $4.134B $4.134B
YoY Change
Total Liabilities & Shareholders Equity $9.045B $9.179B $9.179B
YoY Change -5.98% -4.74% -4.74%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income $8.912M $7.596M -$28.88M
YoY Change -131.99% -147.86% -87.09%
Depreciation, Depletion And Amortization $3.169M $26.00M $23.20M
YoY Change -14.77% 4.94% 49.68%
Cash From Operating Activities $88.58M $78.62M $278.8M
YoY Change 65.08% -2.16% 48.47%
INVESTING ACTIVITIES
Capital Expenditures $7.039M $5.527M $976.0K
YoY Change 1646.65% -26.04% -87.14%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $517.0K -$37.46M $500.0K
YoY Change -109.69% 109.21%
Cash From Investing Activities -$139.5M -$42.99M -$409.4M
YoY Change -146.24% -111.34% -257.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $195.4M
YoY Change 180.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$105.2M -20.20M -$742.6M
YoY Change -6.04% -110.34% -415.85%
NET CHANGE
Cash From Operating Activities $88.58M 78.62M $278.8M
Cash From Investing Activities -$139.5M -42.99M -$409.4M
Cash From Financing Activities -$105.2M -20.20M -$742.6M
Net Change In Cash -$156.2M 15.44M -$873.4M
YoY Change -164.2% -97.64% -228.05%
FREE CASH FLOW
Cash From Operating Activities $88.58M $78.62M $278.8M
Capital Expenditures $7.039M $5.527M $976.0K
Free Cash Flow $81.54M $73.09M $277.8M
YoY Change 53.11% 0.29% 54.18%

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CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-240000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-38000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-149000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-873442000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
682125000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1733022000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4224840000 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
1809693000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3351398000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4224840000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3542715000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
985941000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1617151000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1596542000 usd
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
174101000 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
87322000 usd
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
85252000 usd
CY2024Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
5297000 usd
CY2023Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
13810000 usd
CY2022Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6724000 usd
CY2024Q2 bill Restricted Cash And Cash Equivalents Included In Funds Held For Customers
RestrictedCashAndCashEquivalentsIncludedInFundsHeldForCustomers
2186059000 usd
CY2023Q2 bill Restricted Cash And Cash Equivalents Included In Funds Held For Customers
RestrictedCashAndCashEquivalentsIncludedInFundsHeldForCustomers
2506557000 usd
CY2022Q2 bill Restricted Cash And Cash Equivalents Included In Funds Held For Customers
RestrictedCashAndCashEquivalentsIncludedInFundsHeldForCustomers
1854197000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3351398000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4224840000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3542715000 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
12611000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
7440000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
4867000 usd
CY2024 us-gaap Income Taxes Paid
IncomeTaxesPaid
5628000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
1266000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2024 bill Payable On Purchases Of Acquired Card Receivables
PayableOnPurchasesOfAcquiredCardReceivables
105406000 usd
CY2023 bill Payable On Purchases Of Acquired Card Receivables
PayableOnPurchasesOfAcquiredCardReceivables
0 usd
CY2022 bill Payable On Purchases Of Acquired Card Receivables
PayableOnPurchasesOfAcquiredCardReceivables
0 usd
CY2024 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
0 usd
CY2023 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
3375000 usd
CY2022 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
488494000 usd
CY2024 bill Noncash Fair Value Of Stock Based Awards Assumed In Acquisition
NoncashFairValueOfStockBasedAwardsAssumedInAcquisition
0 usd
CY2023 bill Noncash Fair Value Of Stock Based Awards Assumed In Acquisition
NoncashFairValueOfStockBasedAwardsAssumedInAcquisition
0 usd
CY2022 bill Noncash Fair Value Of Stock Based Awards Assumed In Acquisition
NoncashFairValueOfStockBasedAwardsAssumedInAcquisition
21724000 usd
CY2024 bill Noncash Fair Value Of Earn Out Consideration For Acquisition
NoncashFairValueOfEarnOutConsiderationForAcquisition
usd
CY2023 bill Noncash Fair Value Of Earn Out Consideration For Acquisition
NoncashFairValueOfEarnOutConsiderationForAcquisition
10762000 usd
CY2022 bill Noncash Fair Value Of Earn Out Consideration For Acquisition
NoncashFairValueOfEarnOutConsiderationForAcquisition
0 usd
CY2021Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
1300000000 usd
CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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 consolidated statements of operation and consolidated statements of cash flows were reclassified to conform with the current year presentation.</span></div>
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q2 bill Revenue From Non Us Customers Percentage
RevenueFromNonUSCustomersPercentage
0.03
CY2022Q2 bill Revenue From Non Us Customers Percentage
RevenueFromNonUSCustomersPercentage
0.03
CY2024Q2 bill Revenue From Non Us Customers Percentage
RevenueFromNonUSCustomersPercentage
0.03
CY2024 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:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with 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, but not limited to useful lives of long-lived assets; capitalization of internal-use software costs; the estimate of expected credit losses on accounts receivable, acquired card receivables, and loans held for investment; accrual for rewards; benefit periods used to amortize deferred costs; reserve for losses on funds held for customers;</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 deferred tax assets. 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.</span></div>
CY2024Q2 bill Funds Held For Customers Money Market Funds And Marketable Debt Securities Maximum Maturity Period
FundsHeldForCustomersMoneyMarketFundsAndMarketableDebtSecuritiesMaximumMaturityPeriod
P3M
CY2024 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>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 and loans held for investment (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. 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
CY2024Q2 bill Accounts Receivable Allowance For Potential Credit Loss And Acquired Card Receivables
AccountsReceivableAllowanceForPotentialCreditLossAndAcquiredCardReceivables
25800000 usd
CY2023Q2 bill Accounts Receivable Allowance For Potential Credit Loss And Acquired Card Receivables
AccountsReceivableAllowanceForPotentialCreditLossAndAcquiredCardReceivables
15900000 usd
CY2024Q2 bill Acquired Card Receivables Participation Interest Required To Be Purchased
AcquiredCardReceivablesParticipationInterestRequiredToBePurchased
1
CY2024Q2 bill Acquired Card Receivables Number Of Days Delinquent To Be Charged Off
AcquiredCardReceivablesNumberOfDaysDelinquentToBeChargedOff
P120D
CY2024Q2 bill Allowance For Potential Credit Losses For Acquired Card Receivables
AllowanceForPotentialCreditLossesForAcquiredCardReceivables
20900000 usd
CY2023Q2 bill Allowance For Potential Credit Losses For Acquired Card Receivables
AllowanceForPotentialCreditLossesForAcquiredCardReceivables
15500000 usd
CY2024 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reportingunit
CY2024 bill Employee Stock Purchase Plan Purchase Rights Offering Period
EmployeeStockPurchasePlanPurchaseRightsOfferingPeriod
P1Y
CY2024 us-gaap Advertising Expense
AdvertisingExpense
43600000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
39000000.0 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
29400000 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1290172000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1058468000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
641959000 usd
CY2024 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
22500000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
86800000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.35
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.19
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.46
CY2024Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
16700000 usd
CY2023Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
14000000.0 usd
CY2024 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
7900000 usd
CY2023 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
6600000 usd
CY2022 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
5200000 usd
CY2024 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
2000000.0 usd
CY2023 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
2500000 usd
CY2022 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
1600000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
601535000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1043110000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
601535000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1043110000 usd
CY2024Q2 bill Funds Held For Clients Gross
FundsHeldForClientsGross
3715729000 usd
CY2023Q2 bill Funds Held For Clients Gross
FundsHeldForClientsGross
3365783000 usd
CY2024Q2 bill Accrued Income Earned
AccruedIncomeEarned
10822000 usd
CY2023Q2 bill Accrued Income Earned
AccruedIncomeEarned
9874000 usd
CY2024Q2 us-gaap Funds Held For Clients
FundsHeldForClients
3704907000 usd
CY2023Q2 us-gaap Funds Held For Clients
FundsHeldForClients
3355909000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
602232000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
208000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
905000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
601535000 usd
CY2024Q2 bill Funds Held For Customers Debt Securities Amortized Cost
FundsHeldForCustomersDebtSecuritiesAmortizedCost
1516348000 usd
CY2024Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Gain Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
36000 usd
CY2024Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Loss Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1054000 usd
CY2024Q2 bill Funds Held For Customers Debt Securities Current
FundsHeldForCustomersDebtSecuritiesCurrent
1515330000 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1046830000 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
257000 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3977000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1043110000 usd
CY2023Q2 bill Funds Held For Customers Debt Securities Amortized Cost
FundsHeldForCustomersDebtSecuritiesAmortizedCost
847012000 usd
CY2023Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Gain Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
25000 usd
CY2023Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Loss Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
633000 usd
CY2023Q2 bill Funds Held For Customers Debt Securities Current
FundsHeldForCustomersDebtSecuritiesCurrent
846404000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
4900000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
4300000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1699009000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1543379000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
409309000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
346135000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
8547000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
0 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
2116865000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
1889514000 usd
CY2024Q2 bill Funds Held For Customers Debt Securities Number Of Unrealized Loss Investment Positions
FundsHeldForCustomersDebtSecuritiesNumberOfUnrealizedLossInvestmentPositions
340 position
CY2024Q2 bill Funds Held For Customers Debt Securities Number Of Investment Positions
FundsHeldForCustomersDebtSecuritiesNumberOfInvestmentPositions
580 position
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
331239000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
580000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
91710000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
325000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
422949000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
905000 usd
CY2024Q2 bill Funds Held For Customers Continuous Unrealized Loss Position Less Than12 Months
FundsHeldForCustomersContinuousUnrealizedLossPositionLessThan12Months
902509000 usd
CY2024Q2 bill Funds Held For Customers Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
FundsHeldForCustomersContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1052000 usd
CY2024Q2 bill Funds Held For Customers Continuous Unrealized Loss Position12 Months Or Longer
FundsHeldForCustomersContinuousUnrealizedLossPosition12MonthsOrLonger
5546000 usd
CY2024Q2 bill Funds Held For Customers Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
FundsHeldForCustomersContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2000 usd
CY2024Q2 bill Funds Held For Customers Unrealized Loss Position
FundsHeldForCustomersUnrealizedLossPosition
908055000 usd
CY2024Q2 bill Funds Held For Customers Unrealized Loss Position Accumulated Loss
FundsHeldForCustomersUnrealizedLossPositionAccumulatedLoss
1054000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
506499000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2699000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
100182000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1278000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
606681000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3977000 usd
CY2023Q2 bill Funds Held For Customers Continuous Unrealized Loss Position Less Than12 Months
FundsHeldForCustomersContinuousUnrealizedLossPositionLessThan12Months
191040000 usd
CY2023Q2 bill Funds Held For Customers Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
FundsHeldForCustomersContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
559000 usd
CY2023Q2 bill Funds Held For Customers Continuous Unrealized Loss Position12 Months Or Longer
FundsHeldForCustomersContinuousUnrealizedLossPosition12MonthsOrLonger
11533000 usd
CY2023Q2 bill Funds Held For Customers Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
FundsHeldForCustomersContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
74000 usd
CY2023Q2 bill Funds Held For Customers Unrealized Loss Position
FundsHeldForCustomersUnrealizedLossPosition
202573000 usd
CY2023Q2 bill Funds Held For Customers Unrealized Loss Position Accumulated Loss
FundsHeldForCustomersUnrealizedLossPositionAccumulatedLoss
633000 usd
CY2024 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2024Q2 bill Acquired Card Receivable As Collateral
AcquiredCardReceivableAsCollateral
189700000 usd
CY2024Q2 bill Acquired Card Receivables Not Yet Cleared
AcquiredCardReceivablesNotYetCleared
27200000 usd
CY2024 bill Grace Period To Payment On Acquired Card Receivables
GracePeriodToPaymentOnAcquiredCardReceivables
P5D
CY2024Q2 bill Acquired Card Receivables Gross
AcquiredCardReceivablesGross
718099000 usd
CY2023Q2 bill Acquired Card Receivables Gross
AcquiredCardReceivablesGross
474148000 usd
CY2023Q2 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
15498000 usd
CY2022Q2 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
5414000 usd
CY2024 bill Acquired Card Receivables Initial Allowance For Credit Losses On Purchased Card Receivables With Credit Deterioration
AcquiredCardReceivablesInitialAllowanceForCreditLossesOnPurchasedCardReceivablesWithCreditDeterioration
0 usd
CY2023 bill Acquired Card Receivables Initial Allowance For Credit Losses On Purchased Card Receivables With Credit Deterioration
AcquiredCardReceivablesInitialAllowanceForCreditLossesOnPurchasedCardReceivablesWithCreditDeterioration
10000 usd
CY2024 bill Acquired Card Receivables Provision For Expected Credit Losses
AcquiredCardReceivablesProvisionForExpectedCreditLosses
52327000 usd
CY2023 bill Acquired Card Receivables Provision For Expected Credit Losses
AcquiredCardReceivablesProvisionForExpectedCreditLosses
32015000 usd
CY2024 bill Acquired Card Receivables Charge Off Amounts
AcquiredCardReceivablesChargeOffAmounts
51805000 usd
CY2023 bill Acquired Card Receivables Charge Off Amounts
AcquiredCardReceivablesChargeOffAmounts
24120000 usd
CY2024 bill Acquired Card Receivables Recoveries Collected
AcquiredCardReceivablesRecoveriesCollected
4863000 usd
CY2023 bill Acquired Card Receivables Recoveries Collected
AcquiredCardReceivablesRecoveriesCollected
2179000 usd
CY2024Q2 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
20883000 usd
CY2023Q2 bill Acquired Card Receivables Allowance For Credit Losses
AcquiredCardReceivablesAllowanceForCreditLosses
15498000 usd
CY2024 bill Card Receivables Acquired During The Period
CardReceivablesAcquiredDuringThePeriod
17600000000 usd
CY2023 bill Card Receivables Acquired During The Period
CardReceivablesAcquiredDuringThePeriod
13200000000 usd
CY2024Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
44491000 usd
CY2023Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
1579000 usd
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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226000 usd
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0 usd
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0 usd
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0 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2024 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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20000 usd
CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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214000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
35128000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23300000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16724000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits
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35100000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23300000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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OperatingLeasePayments
13800000 usd
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0 usd
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2000000.0 usd
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5300000 usd
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14081000 usd
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2461000 usd
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2251000 usd
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2909000 usd
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581000 usd
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13292000 usd
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4250000 usd
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27600000 usd
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3600000 usd
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24002000 usd
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false
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false
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false
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true

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