2021 Q4 Form 10-K Financial Statement

#000179466922000012 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q2 2021
Revenue $399.4M $351.0M $1.368B
YoY Change 89.38% 147.53% 78.32%
Cost Of Revenue $315.3M $272.9M $1.089B
YoY Change 97.56% 147.64% 84.88%
Gross Profit $84.10M $78.10M $278.4M
YoY Change 63.94% 147.15% 56.58%
Gross Profit Margin 21.06% 22.25% 20.36%
Selling, General & Admin $51.00M $52.70M $203.4M
YoY Change 60.88% -36.51% 11.88%
% of Gross Profit 60.64% 67.48% 73.06%
Research & Development $1.800M
YoY Change 50.0%
% of Gross Profit 0.65%
Depreciation & Amortization $27.60M $1.400M $104.4M
YoY Change 14.52% 7.69% 23.99%
% of Gross Profit 32.82% 1.79% 37.5%
Operating Expenses $67.30M $73.20M $327.6M
YoY Change 18.49% -17.19% 39.17%
Operating Profit $16.80M $4.900M -$49.20M
YoY Change -405.45% -108.63% -14.58%
Interest Expense -$7.800M $6.300M $28.00M
YoY Change -196.3% -46.15% -30.35%
% of Operating Profit -46.43% 128.57%
Other Income/Expense, Net $100.0K $0.00 $300.0K
YoY Change -100.0% -50.0%
Pretax Income -$12.70M -$1.400M -$77.10M
YoY Change -45.02% -98.14% -32.25%
Income Tax $1.000M -$5.900M -$3.100M
% Of Pretax Income
Net Earnings -$9.400M $3.200M -$48.20M
YoY Change -24.19% -420.0% 161.96%
Net Earnings / Revenue -2.35% 0.91% -3.52%
Basic Earnings Per Share
Diluted Earnings Per Share -$165.8K $38.60K -$877.6K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q2 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.232B $699.7M $1.232B
YoY Change 32.73% 186.76% 32.73%
Cash & Equivalents $1.232B $699.7M
Short-Term Investments
Other Short-Term Assets $300.0K $300.0K $10.40M
YoY Change -70.0% 200.0% 4.0%
Inventory $3.500M $1.600M $3.500M
Prepaid Expenses
Receivables $205.9M $68.60M $206.2M
Other Receivables $2.000M $4.300M $2.000M
Total Short-Term Assets $1.454B $893.3M $1.454B
YoY Change 40.65% 169.07% 40.65%
LONG-TERM ASSETS
Property, Plant & Equipment $18.40M $17.50M $95.30M
YoY Change 21.85% -53.33% 84.33%
Goodwill $537.7M $525.2M
YoY Change 12.73%
Intangibles
YoY Change
Long-Term Investments $30.50M $29.50M $30.50M
YoY Change
Other Assets $1.900M $500.0K $1.900M
YoY Change 216.67% -61.54% 216.67%
Total Long-Term Assets $889.0M $837.8M $889.0M
YoY Change 19.2% 22.79% 19.2%
TOTAL ASSETS
Total Short-Term Assets $1.454B $893.3M $1.454B
Total Long-Term Assets $889.0M $837.8M $889.0M
Total Assets $2.343B $1.731B $2.343B
YoY Change 31.66% 70.67% 31.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $121.1M $116.4M $121.1M
YoY Change 99.83% 79.63% 99.83%
Accrued Expenses $4.800M $3.500M $26.40M
YoY Change 33.33% -16.67% 183.87%
Deferred Revenue $15.00M $8.200M
YoY Change 92.31% 0.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Total Short-Term Liabilities $183.8M $164.6M $183.8M
YoY Change 84.91% 64.6% 84.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.739B $1.118B $1.739B
YoY Change 72.92% 155.51% 72.92%
Other Long-Term Liabilities $2.400M $2.100M $20.30M
YoY Change 41.18% -19.23% 1094.12%
Total Long-Term Liabilities $1.759B $1.120B $1.759B
YoY Change 74.19% 154.61% 74.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $183.8M $164.6M $183.8M
Total Long-Term Liabilities $1.759B $1.120B $1.759B
Total Liabilities $1.943B $1.285B $2.070B
YoY Change 75.15% 70.37% 56.84%
SHAREHOLDERS EQUITY
Retained Earnings -$325.3M -$306.7M
YoY Change 16.72% 17.37%
Common Stock $619.2M $601.3M
YoY Change -16.13% 16.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.10M
YoY Change
Treasury Stock Shares 378.5K shares
Shareholders Equity $272.8M $294.6M $272.8M
YoY Change
Total Liabilities & Shareholders Equity $2.343B $1.731B $2.343B
YoY Change 31.66% 70.67% 31.66%

Cashflow Statement

Concept 2021 Q4 2021 Q2 2021
OPERATING ACTIVITIES
Net Income -$9.400M $3.200M -$48.20M
YoY Change -24.19% -420.0% 161.96%
Depreciation, Depletion And Amortization $27.60M $1.400M $104.4M
YoY Change 14.52% 7.69% 23.99%
Cash From Operating Activities $3.600M $6.700M $29.20M
YoY Change -43.75% -323.33% 24.79%
INVESTING ACTIVITIES
Capital Expenditures -$27.40M -$24.80M $8.200M
YoY Change 47.31% 249.3% 70.83%
Acquisitions $54.50M
YoY Change 9.44%
Other Investing Activities -$7.300M -$13.20M -$95.40M
YoY Change -85.85% 77.65%
Cash From Investing Activities -$34.70M -$38.00M -$196.7M
YoY Change -50.57% 435.21% 92.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $19.50M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.50M -113.9M $471.2M
YoY Change -103.85% -161.94% -53.01%
NET CHANGE
Cash From Operating Activities 3.600M 6.700M $29.20M
Cash From Investing Activities -34.70M -38.00M -$196.7M
Cash From Financing Activities -25.50M -113.9M $471.2M
Net Change In Cash -56.60M -145.2M $303.7M
YoY Change -109.45% -183.54% -67.14%
FREE CASH FLOW
Cash From Operating Activities $3.600M $6.700M $29.20M
Capital Expenditures -$27.40M -$24.80M $8.200M
Free Cash Flow $31.00M $31.50M $21.00M
YoY Change 24.0% 668.29% 12.9%

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18700000 USD
CY2021 four Capitalized Software Development Costs For Internal And External Use
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21000000.0 USD
CY2020 four Capitalized Software Development Costs For Internal And External Use
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CY2021 four Payments To Residual Commission Buyouts
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CY2020 four Follow On Offering Proceeds Net Of Underwriting Discounts And Commissions
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<div style="margin-top:18pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates inherent in the preparation of the accompanying consolidated financial statements include estimates of fair value of acquired assets and liabilities through business combinations, fair value of debt instruments, fair value of contingent liabilities related to earnout payments and change of control, allowance for doubtful accounts, income taxes, investments in securities, noncontrolling interests and the February 2021 transfer of the right to select a participant for one seat on the board of Inspiration4, the first all-civilian mission to space, from Jared Isaacman, the Company's Chief Executive Officer and founder (“Founder”). Estimates are based on past experience and other considerations reasonable under the circumstances. Actual results may differ from these estimates.</span></div><div style="margin-top:6pt;padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, the full impact of the COVID-19 pandemic is unknown and cannot be reasonably estimated. However, the Company has made accounting estimates based on the facts and circumstances available as of the reporting date. To the extent there are differences between these estimates and actual results, the consolidated financial statements may be materially affected.</span></div>
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
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CY2020Q4 us-gaap Cash Equivalents At Carrying Value
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MerchantFundsHeldAtSponsorshipBank
10700000 USD
CY2020 four Merchant Funds Held At Sponsorship Bank
MerchantFundsHeldAtSponsorshipBank
4600000 USD
CY2021 four Merchant Funds Held At Sponsorship Bank Card Transaction Deposits
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021 us-gaap Number Of Reporting Units
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CY2021 four Payment Processing Agreements Renewal Term
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CY2021 four Contractual Term Period
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CY2021 us-gaap Advertising Expense
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CY2020 us-gaap Advertising Expense
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CY2019 us-gaap Advertising Expense
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1200000 USD
CY2021 us-gaap Research And Development Expense
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CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1200000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1600000 USD
CY2021 us-gaap Concentration Risk Credit Risk
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CY2021Q4 us-gaap Capitalized Contract Cost Net Noncurrent
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35100000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net Noncurrent
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30200000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Gross
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69100000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Gross
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55700000 USD
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34000000 USD
CY2021Q4 four Merchant Processing Number Of Vendors
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2 vendor
CY2021 four Bank Sponsorship Agreement Term
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P180D
CY2021Q2 us-gaap Accounts Receivable Net Current
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23300000 USD
CY2021Q2 us-gaap Contract With Customer Liability Current
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8200000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1367500000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
766900000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
731400000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1367500000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
766900000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
731400000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
10700000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
0 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6800000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
0 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
3900000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
300000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
300000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
0 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
0 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
0 USD
CY2019Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
4600000 USD
CY2020 four Contract With Customer Asset Conversion From Sales Type Leases To Operating Lease Accounting Treatment
ContractWithCustomerAssetConversionFromSalesTypeLeasesToOperatingLeaseAccountingTreatment
4500000 USD
CY2020 us-gaap Contract With Customer Asset Allowance For Credit Loss Period Increase Decrease
ContractWithCustomerAssetAllowanceForCreditLossPeriodIncreaseDecrease
700000 USD
CY2020 us-gaap Contract With Customer Asset Allowance For Credit Loss Writeoff
ContractWithCustomerAssetAllowanceForCreditLossWriteoff
800000 USD
CY2020Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
0 USD
CY2021Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
0 USD
CY2021 four Contract With Customer Liability Fee Recognition Period
ContractWithCustomerLiabilityFeeRecognitionPeriod
P1Y
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
17400000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
8100000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Accumulated Amortization
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25500000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P3Y
CY2021Q4 four Amortization Expense For Capitalized Acquisition Costs Year One
AmortizationExpenseForCapitalizedAcquisitionCostsYearOne
19300000 USD
CY2021Q4 four Amortization Expense For Capitalized Acquisition Costs Year Two
AmortizationExpenseForCapitalizedAcquisitionCostsYearTwo
12000000.0 USD
CY2021Q4 four Amortization Expense For Capitalized Acquisition Costs Year Three
AmortizationExpenseForCapitalizedAcquisitionCostsYearThree
3800000 USD
CY2021Q4 four Amortization Expense For Capitalized Acquisition Costs
AmortizationExpenseForCapitalizedAcquisitionCosts
35100000 USD
CY2021Q4 four Equipment For Lease Gross
EquipmentForLeaseGross
82600000 USD
CY2021Q4 four Accumulated Depreciation Equipment For Lease
AccumulatedDepreciationEquipmentForLease
24200000 USD
CY2021Q4 four Equipment For Lease Net
EquipmentForLeaseNet
58400000 USD
CY2020Q4 four Equipment For Lease Gross
EquipmentForLeaseGross
43500000 USD
CY2020 us-gaap Cost Of Goods And Services Sold Depreciation
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1600000 USD
CY2019 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
1400000 USD
CY2019Q4 us-gaap Restructuring Reserve
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5700000 USD
CY2020 us-gaap Payments For Restructuring
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3200000 USD
CY2020 four Restructuring Reserve Accretion Of Interest
RestructuringReserveAccretionOfInterest
400000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
2900000 USD
CY2021 us-gaap Payments For Restructuring
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1600000 USD
CY2021 four Restructuring Reserve Accretion Of Interest
RestructuringReserveAccretionOfInterest
200000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
1500000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
1500000 USD
CY2021Q4 four Restructuring Accrual Outstanding Expected To Be Paid Year One
RestructuringAccrualOutstandingExpectedToBePaidYearOne
1600000 USD
CY2021Q4 four Accretion Of Interest
AccretionOfInterest
100000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
421300000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
477000000.0 USD
CY2021Q4 us-gaap Goodwill
Goodwill
537700000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
396500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
208000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
188500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
397400000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
211100000 USD
CY2020Q4 four Accumulated Depreciation Equipment For Lease
AccumulatedDepreciationEquipmentForLease
6900000 USD
CY2020Q4 four Equipment For Lease Net
EquipmentForLeaseNet
36600000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
27000000.0 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
39600000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8600000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
24500000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18400000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
186300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
48000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
35200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
30000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
23700000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
18400000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
33200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
188500000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
55700000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
53500000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
48600000 USD
CY2021 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
1600000 USD
CY2021 us-gaap Depreciation
Depreciation
5400000 USD
CY2020 us-gaap Depreciation
Depreciation
5200000 USD
CY2019 us-gaap Depreciation
Depreciation
3800000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1772500000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1028400000 USD
CY2021Q4 us-gaap Long Term Debt Current
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0 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
900000 USD
CY2021Q4 four Long Term Debt Noncurrent Gross
LongTermDebtNoncurrentGross
1772500000 USD
CY2020Q4 four Long Term Debt Noncurrent Gross
LongTermDebtNoncurrentGross
1027500000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
34000000.0 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
22100000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1005400000 USD
CY2020Q4 us-gaap Prepaid Insurance
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2500000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1800000 USD
CY2020Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1200000 USD
CY2019Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
650000000 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
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-7100000 USD
CY2019Q3 us-gaap Repayments Of Lines Of Credit
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90000000 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
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68500000 USD
CY2020Q2 us-gaap Repayments Of Lines Of Credit
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89500000 USD
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
3300000 USD
CY2021Q4 four Prepaid Merchant Signing Bonuses
PrepaidMerchantSigningBonuses
700000 USD
CY2020Q4 four Prepaid Merchant Signing Bonuses
PrepaidMerchantSigningBonuses
0 USD
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
6100000 USD
CY2020Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
6500000 USD
CY2021Q4 four Agent And Employee Loan Receivables
AgentAndEmployeeLoanReceivables
200000 USD
CY2020Q4 four Agent And Employee Loan Receivables
AgentAndEmployeeLoanReceivables
300000 USD
CY2021Q4 us-gaap Other Assets Current
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300000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1000000.0 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12400000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11500000 USD
CY2021Q4 us-gaap Accrued Payroll Taxes Current
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15300000 USD
CY2020Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
2800000 USD
CY2021Q4 four Residuals Payable
ResidualsPayable
13100000 USD
CY2020Q4 four Residuals Payable
ResidualsPayable
6800000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4800000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3600000 USD
CY2021Q4 four Deferred Employer Social Security Tax Pursuant To Cares Act
DeferredEmployerSocialSecurityTaxPursuantToCARESAct
1600000 USD
CY2020Q4 four Deferred Employer Social Security Tax Pursuant To Cares Act
DeferredEmployerSocialSecurityTaxPursuantToCARESAct
3000000.0 USD
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1600000 USD
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1400000 USD
CY2021Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1500000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1400000 USD
CY2021Q4 four Deferred Tenant Reimbursement Allowance
DeferredTenantReimbursementAllowance
0 USD
CY2020Q4 four Deferred Tenant Reimbursement Allowance
DeferredTenantReimbursementAllowance
3100000 USD
CY2021Q4 four Escrow Payable
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0 USD
CY2020Q4 four Escrow Payable
EscrowPayable
2300000 USD
CY2021Q4 us-gaap Accrued Rent Current
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0 USD
CY2020Q4 us-gaap Accrued Rent Current
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1500000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5000000.0 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4200000 USD
CY2021Q4 four Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
42900000 USD
CY2020Q4 four Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
30100000 USD
CY2021 four Number Of Operating Subsidiaries
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2 subsidiary
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1100000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
200000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
400000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
100000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-600000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1100000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1500000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2500000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1200000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
200000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-100000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2500000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1300000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
200000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3100000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2400000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.073
CY2020 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.171
CY2019 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.236
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.053
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.011
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0
CY2021 four Effective Income Tax Rate Reconciliation Permanent Items
EffectiveIncomeTaxRateReconciliationPermanentItems
-0.012
CY2020 four Effective Income Tax Rate Reconciliation Permanent Items
EffectiveIncomeTaxRateReconciliationPermanentItems
0.016
CY2019 four Effective Income Tax Rate Reconciliation Permanent Items
EffectiveIncomeTaxRateReconciliationPermanentItems
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.601
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.045
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.468
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.040
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.021
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.031
CY2021Q4 four Deferred Tax Assets Investment In Partnership
DeferredTaxAssetsInvestmentInPartnership
277200000 USD
CY2020Q4 four Deferred Tax Assets Investment In Partnership
DeferredTaxAssetsInvestmentInPartnership
181200000 USD
CY2021Q4 four Deferred Tax Assets Net Operating Loss And Tax Credits Carryforward
DeferredTaxAssetsNetOperatingLossAndTaxCreditsCarryforward
110000000.0 USD
CY2020Q4 four Deferred Tax Assets Net Operating Loss And Tax Credits Carryforward
DeferredTaxAssetsNetOperatingLossAndTaxCreditsCarryforward
19800000 USD
CY2021Q4 four Deferred Tax Asset Lease Liabilities
DeferredTaxAssetLeaseLiabilities
2400000 USD
CY2020Q4 four Deferred Tax Asset Lease Liabilities
DeferredTaxAssetLeaseLiabilities
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1600000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
10200000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
900000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1900000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
6100000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
800000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
398200000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
213900000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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5900000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
383000000.0 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
179500000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
15200000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
34400000 USD
CY2021Q4 four Deferred Tax Liabilities Convertible Debt
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0 USD
CY2020Q4 four Deferred Tax Liabilities Convertible Debt
DeferredTaxLiabilitiesConvertibleDebt
29400000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
9900000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2200000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1800000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
1500000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
0 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1900000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
100000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
15500000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
37200000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
300000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
383000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
179500000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2800000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
300000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
300000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
16800000 USD
CY2021Q1 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
2200000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
300000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
300000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
300000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
300000 USD
CY2021 four Tax Receivable Agreement Realized Tax Benefit Percentage
TaxReceivableAgreementRealizedTaxBenefitPercentage
0.85
CY2021 four Tax Receivable Agreement Expected Remaining Tax Benefit Percentage
TaxReceivableAgreementExpectedRemainingTaxBenefitPercentage
0.15
CY2021Q4 four Tax Receivable Agreement Unrecognized Liability
TaxReceivableAgreementUnrecognizedLiability
248300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3300000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18500000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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4800000 USD
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22700000 USD
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5300000 USD
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4400000 USD
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4200000 USD
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2900000 USD
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4700000 USD
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24800000 USD
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2100000 USD
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22700000 USD
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6100000 USD
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6400000 USD
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4200000 USD
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P5Y7M6D
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43000000 USD
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0 USD
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2000000.0 USD
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0 USD
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-77900000 USD
CY2021 four Net Income Loss Attributable To Noncontrolling Interest Subsequent To Reorganization Transactions
NetIncomeLossAttributableToNoncontrollingInterestSubsequentToReorganizationTransactions
-25800000 USD
CY2020 four Net Income Loss Attributable To Noncontrolling Interest Subsequent To Reorganization Transactions
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-15100000 USD
CY2021 us-gaap Net Income Loss
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-48200000 USD
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-18400000 USD
CY2021 four Adjustments To Net Loss Attributable To Company
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700000 USD
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AdjustmentsToNetLossAttributableToCompany
1000000.0 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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47200000 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
-19400000 USD
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-48900000 USD
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-48900000 USD
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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28675348 shares
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33002026 shares
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200000 USD
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20900000 USD
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39200000 USD
CY2021 four Deferred Compensation Settled With Restricted Stock Units
DeferredCompensationSettledWithRestrictedStockUnits
0 USD
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DeferredCompensationSettledWithRestrictedStockUnits
2100000 USD
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DeferredCompensationSettledWithRestrictedStockUnits
0 USD
CY2021 four Shares And Equity Based Compensation Issued In Connection With Acquisition
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26300000 USD
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0 USD
CY2019 four Shares And Equity Based Compensation Issued In Connection With Acquisition
SharesAndEquityBasedCompensationIssuedInConnectionWithAcquisition
0 USD
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SharesIssuedInConnectionWithAcquisition
0 USD
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SharesIssuedInConnectionWithAcquisition
19200000 USD
CY2019 four Shares Issued In Connection With Acquisition
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0 USD
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3100000 USD
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2000000.0 USD
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0 USD
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400000 USD
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600000 USD
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900000 USD
CY2021 four Right Associated With Inspiration Four Seat
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2100000 USD
CY2020 four Right Associated With Inspiration Four Seat
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0 USD
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0 USD
CY2021 four Common Stock Repurchased But Not Yet Paid
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1600000 USD
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21100000 USD
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0 USD
CY2020 four Common Stock Repurchased But Not Yet Paid
CommonStockRepurchasedButNotYetPaid
0 USD
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0 USD
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0 USD
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3400000 USD
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0 USD
CY2021 four Preferred Return On Preferred Stock Settled With Llc Interests
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0 USD
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2300000 USD
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0 USD
CY2021 four Accrued Preferred Return On Redeemable Preferred Units
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0 USD
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0 USD
CY2019 four Accrued Preferred Return On Redeemable Preferred Units
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1200000 USD
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1 segment
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1 segment
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1367500000 USD
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766900000 USD
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731400000 USD
CY2021 four Network Fees
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861800000 USD
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443900000 USD
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425900000 USD
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227300000 USD
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145200000 USD
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132100000 USD
CY2021 us-gaap Gross Profit
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278400000 USD
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177800000 USD
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173400000 USD

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