2022 Q4 Form 10-K Financial Statement

#000179466923000006 Filed on March 01, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022
Revenue $537.7M $1.994B
YoY Change 34.63% 45.78%
Cost Of Revenue $393.6M $1.523B
YoY Change 24.83% 39.88%
Gross Profit $144.1M $470.2M
YoY Change 71.34% 68.89%
Gross Profit Margin 26.8% 23.59%
Selling, General & Admin $76.80M $283.8M
YoY Change 50.59% 39.53%
% of Gross Profit 53.3% 60.36%
Research & Development $500.0K
YoY Change -72.22%
% of Gross Profit 0.11%
Depreciation & Amortization $47.50M $149.1M
YoY Change 72.1% 42.82%
% of Gross Profit 32.96% 31.71%
Operating Expenses $110.4M $500.0K
YoY Change 64.04% -99.85%
Operating Profit $33.70M $94.70M
YoY Change 100.6% -292.48%
Interest Expense $13.10M $32.50M
YoY Change -267.95% 16.07%
% of Operating Profit 38.87% 34.32%
Other Income/Expense, Net -$400.0K $500.0K
YoY Change -500.0% 66.67%
Pretax Income $42.70M $86.90M
YoY Change -436.22% -212.71%
Income Tax $4.200M $200.0K
% Of Pretax Income 9.84% 0.23%
Net Earnings $29.20M $75.10M
YoY Change -410.64% -255.81%
Net Earnings / Revenue 5.43% 3.77%
Basic Earnings Per Share
Diluted Earnings Per Share $0.35 $0.91
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $776.5M $776.5M
YoY Change -36.95% -36.95%
Cash & Equivalents $776.5M
Short-Term Investments
Other Short-Term Assets $1.200M $13.50M
YoY Change 300.0% 29.81%
Inventory $4.800M $4.800M
Prepaid Expenses
Receivables $195.0M $195.1M
Other Receivables $1.800M $1.800M
Total Short-Term Assets $991.7M $991.7M
YoY Change -31.78% -31.78%
LONG-TERM ASSETS
Property, Plant & Equipment $22.30M $122.5M
YoY Change 21.2% 28.54%
Goodwill $735.0M
YoY Change 36.69%
Intangibles
YoY Change
Long-Term Investments $47.10M $47.10M
YoY Change 54.43% 54.43%
Other Assets $10.90M $10.90M
YoY Change 473.68% 473.68%
Total Long-Term Assets $1.562B $1.562B
YoY Change 75.74% 75.74%
TOTAL ASSETS
Total Short-Term Assets $991.7M $991.7M
Total Long-Term Assets $1.562B $1.562B
Total Assets $2.554B $2.554B
YoY Change 9.02% 9.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $166.7M $166.7M
YoY Change 37.65% 37.65%
Accrued Expenses $4.900M $61.40M
YoY Change 2.08% 132.58%
Deferred Revenue $16.30M
YoY Change 8.67%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $268.3M $268.3M
YoY Change 45.97% 45.97%
LONG-TERM LIABILITIES
Long-Term Debt $1.742B $1.742B
YoY Change 0.2% 0.2%
Other Long-Term Liabilities $26.50M $44.60M
YoY Change 1004.17% 119.7%
Total Long-Term Liabilities $1.805B $1.787B
YoY Change 2.61% 1.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $268.3M $268.3M
Total Long-Term Liabilities $1.805B $1.787B
Total Liabilities $2.073B $2.207B
YoY Change 6.72% 6.61%
SHAREHOLDERS EQUITY
Retained Earnings -$363.6M
YoY Change 11.77%
Common Stock $702.6M
YoY Change 13.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change -100.0%
Treasury Stock Shares 0.000 shares
Shareholders Equity $347.3M $347.3M
YoY Change
Total Liabilities & Shareholders Equity $2.554B $2.554B
YoY Change 9.02% 9.02%

Cashflow Statement

Concept 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $29.20M $75.10M
YoY Change -410.64% -255.81%
Depreciation, Depletion And Amortization $47.50M $149.1M
YoY Change 72.1% 42.82%
Cash From Operating Activities $139.5M $275.4M
YoY Change 3775.0% 843.15%
INVESTING ACTIVITIES
Capital Expenditures $26.40M $8.000M
YoY Change -196.35% -2.44%
Acquisitions $135.3M
YoY Change 148.26%
Other Investing Activities -$7.400M -$412.3M
YoY Change 1.37% 332.18%
Cash From Investing Activities -$33.80M -$516.8M
YoY Change -2.59% 162.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $185.9M
YoY Change 853.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.200M -$214.6M
YoY Change -87.45% -145.54%
NET CHANGE
Cash From Operating Activities 139.5M $275.4M
Cash From Investing Activities -33.80M -$516.8M
Cash From Financing Activities -3.200M -$214.6M
Net Change In Cash 102.5M -$455.0M
YoY Change -281.1% -249.82%
FREE CASH FLOW
Cash From Operating Activities $139.5M $275.4M
Capital Expenditures $26.40M $8.000M
Free Cash Flow $113.1M $267.4M
YoY Change 264.84% 1173.33%

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CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Change in Presentation of Consolidated Balance Sheets</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balances have been adjusted to present “Residual commission buyouts”</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in its own line item rather than within the line item “Other intangible assets” on the Company’s Consolidated Balance Sheets.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Change in Presentation of Consolidated Statements of Operations</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balances have been adjusted to present</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> “Revaluation of contingent liabilities” in its own line item rather than within the line item “General and administrative expenses” on the Company’s Consolidated Statements of Operations.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balances have been adjusted to present</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> “Restructuring expenses” within “General and administrative expenses” rather than its own line item on the Company’s Consolidated Statements of Operations.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balances have been adjusted to present</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> “Transaction-related expenses” within “Professional fees” rather than its own line item on the Company’s Consolidated Statements of Operations.</span></div><div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Change in Presentation of Consolidated Statements of Cash Flows</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balances have been adjusted to present</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> “Impairment of intangible assets” within “Other noncash items” rather than its own line item on the Company’s Consolidated Statements of Cash Flows.</span></div>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:18pt;padding-left:18pt;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:18pt;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 contingent liabilities related to earnout payments, deferred income tax valuation allowances, amounts associated with the Company’s tax receivable agreement with the Continuing Equity Owners, fair value of debt instruments, allowance for doubtful accounts, income taxes, investments in securities and noncontrolling interests. Estimates are based on past experience and other considerations reasonable under the circumstances. Actual results may differ from these estimates.</span></div>
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
652800000 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
1176700000 usd
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022 four Merchant Funds Held At Sponsorship Bank
MerchantFundsHeldAtSponsorshipBank
6700000 usd
CY2021 four Merchant Funds Held At Sponsorship Bank
MerchantFundsHeldAtSponsorshipBank
10700000 usd
CY2021 four Merchant Funds Held At Sponsorship Bank Card Transaction Deposits
MerchantFundsHeldAtSponsorshipBankCardTransactionDeposits
53300000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8000000.0 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5700000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
10000000.0 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
11300000 usd
CY2022 four Accounts Receivable Allowance For Credit Loss Writeoff Recovery
AccountsReceivableAllowanceForCreditLossWriteoffRecovery
-100000 usd
CY2021 four Accounts Receivable Allowance For Credit Loss Writeoff Recovery
AccountsReceivableAllowanceForCreditLossWriteoffRecovery
9000000.0 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18100000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8000000.0 usd
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2022Q4 four Crypto Settlement Liabilities Current
CryptoSettlementLiabilitiesCurrent
1800000 usd
CY2022Q4 four Crypto Settlement Assets Current
CryptoSettlementAssetsCurrent
1800000 usd
four Lease Equipment Useful Life
LeaseEquipmentUsefulLife
P3Y
CY2022Q4 four Lease Equipment Useful Life
LeaseEquipmentUsefulLife
P4Y
CY2022 four Payment Processing Agreements Initial Term
PaymentProcessingAgreementsInitialTerm
P1Y
CY2022 four Payment Processing Agreements Renewal Term
PaymentProcessingAgreementsRenewalTerm
P1Y
CY2022 four Contractual Term Period
ContractualTermPeriod
P3Y
CY2022Q4 four Capitalized Acquisition Costs Estimated Life Amortized Period
CapitalizedAcquisitionCostsEstimatedLifeAmortizedPeriod
P4Y
CY2022 us-gaap Advertising Expense
AdvertisingExpense
3000000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
16600000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
1300000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
500000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1800000 usd
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1200000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:18pt;padding-left:18pt;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%">Concentration Risk</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s merchant processing activity is facilitated by one vendor. The Company believes that this vendor maintains appropriate backup systems and alternative arrangements to avoid a significant disruption of the processing in the event of an unforeseen event.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A majority of the Company’s revenue is derived from the processing of card transactions. Because the Company is not a “member bank”, in order to process these bank card transactions, the Company has entered into a sponsorship agreement with a member bank. The agreement with the bank sponsor requires, among other things, that the Company abide by the by-laws and regulations of the credit card companies. If the Company breaches the sponsorship agreement, the bank sponsor may terminate the agreement and, under the terms of the agreement, the Company would have 180 days to identify an alternative bank sponsor.</span></div>
CY2022Q4 four Merchant Processing Number Of Vendors
MerchantProcessingNumberOfVendors
1 vendor
CY2022 four Bank Sponsorship Agreement Term
BankSponsorshipAgreementTerm
P180D
CY2022Q2 four Crypto Settlement Assets Current
CryptoSettlementAssetsCurrent
1200000 usd
CY2022Q2 four Crypto Settlement Liabilities Current
CryptoSettlementLiabilitiesCurrent
1200000 usd
CY2022Q1 four Crypto Settlement Assets Current
CryptoSettlementAssetsCurrent
4800000 usd
CY2022Q1 four Crypto Settlement Liabilities Current
CryptoSettlementLiabilitiesCurrent
4800000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1993600000 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
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1993600000 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
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
100000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
300000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
400000 usd
CY2022Q4 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
CY2022 four Contract With Customer Liability Fee Recognition Period
ContractWithCustomerLiabilityFeeRecognitionPeriod
P1Y
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
19100000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
17400000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
537700000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
4600000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
735000000.0 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
96500000 usd
CY2022 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
52600000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
149100000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
62200000 usd
CY2021 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
42200000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
104400000 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
51900000 usd
CY2020 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
32300000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
84200000 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
115500000 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
77200000 usd
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
69200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
156600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
151800000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
137200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
78100000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
23700000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
99400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
646800000 usd
CY2022Q4 four Residual Commission Buyouts Contingent Consideration Asset
ResidualCommissionBuyoutsContingentConsiderationAsset
14200000 usd
CY2021Q4 four Residual Commission Buyouts Contingent Consideration Asset
ResidualCommissionBuyoutsContingentConsiderationAsset
4200000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
36100000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
35100000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
72300000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
69100000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
36200000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
34000000.0 usd
CY2021Q4 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P3Y
CY2022Q4 four Equipment For Lease Gross
EquipmentForLeaseGross
121000000.0 usd
CY2022Q4 four Accumulated Depreciation Equipment For Lease
AccumulatedDepreciationEquipmentForLease
40300000 usd
CY2022Q4 four Equipment For Lease Net
EquipmentForLeaseNet
80700000 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
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
33000000.0 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
27000000.0 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10700000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8600000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22300000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18400000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1772500000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1772500000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
30600000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
34000000.0 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1741900000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1738500000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
8100000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
5900000 usd
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
5400000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
690000000.0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
450000000.0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
632500000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1772500000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
3200000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
3300000 usd
CY2022Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1800000 usd
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1800000 usd
CY2022Q4 four Crypto Settlement Assets Current
CryptoSettlementAssetsCurrent
1800000 usd
CY2021Q4 four Crypto Settlement Assets Current
CryptoSettlementAssetsCurrent
0 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
7300000 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
6800000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
100000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
300000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1200000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
500000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15400000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12700000 usd
CY2022Q4 four Business Combination Contingent Consideration Liability Current Acquisitions
BusinessCombinationContingentConsiderationLiabilityCurrentAcquisitions
34900000 usd
CY2021Q4 four Business Combination Contingent Consideration Liability Current Acquisitions
BusinessCombinationContingentConsiderationLiabilityCurrentAcquisitions
0 usd
CY2022Q4 four Business Combination Contingent Consideration Liability Current Residual Commission Buyouts
BusinessCombinationContingentConsiderationLiabilityCurrentResidualCommissionBuyouts
10000000.0 usd
CY2021Q4 four Business Combination Contingent Consideration Liability Current Residual Commission Buyouts
BusinessCombinationContingentConsiderationLiabilityCurrentResidualCommissionBuyouts
900000 usd
CY2022Q4 four Residuals Payable
ResidualsPayable
8900000 usd
CY2021Q4 four Residuals Payable
ResidualsPayable
13100000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4900000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4800000 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
10000000.0 usd
CY2021Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
15300000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
4400000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1600000 usd
CY2022Q4 four Crypto Settlement Liabilities Current
CryptoSettlementLiabilitiesCurrent
1800000 usd
CY2021Q4 four Crypto Settlement Liabilities Current
CryptoSettlementLiabilitiesCurrent
0 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5100000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7200000 usd
CY2022Q4 four Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
80000000.0 usd
CY2021Q4 four Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
42900000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
300000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
10300000 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
0 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
9900000 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
0 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2800000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2400000 usd
CY2022Q4 four Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
1700000 usd
CY2021Q4 four Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
0 usd
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1800000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
0 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
26500000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2400000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
47100000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
15100000 usd
CY2022Q4 four Crypto Settlement Liabilities Current
CryptoSettlementLiabilitiesCurrent
1800000 usd
CY2022Q4 four Crypto Settlement Assets Current
CryptoSettlementAssetsCurrent
1800000 usd
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-100000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-600000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1400000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 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
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2000000.0 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
100000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2300000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-600000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1100000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-900000 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
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1000000.0 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-200000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2100000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2500000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1300000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3100000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2400000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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CY2021 four Right Associated With Inspiration Four Seat
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CY2020 four Right Associated With Inspiration Four Seat
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CY2022 four Common Stock Repurchased But Not Yet Paid
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CY2021 four Common Stock Repurchased But Not Yet Paid
CommonStockRepurchasedButNotYetPaid
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CY2020 four Common Stock Repurchased But Not Yet Paid
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CY2021 four Preferred Return On Preferred Stock Settled With Llc Interests
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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four-20221231_pre.xml Edgar Link unprocessable
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