2021 Q4 Form 10-K Financial Statement

#000165355822000028 Filed on March 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $144.0M $514.9M $106.1M
YoY Change 35.78% 27.34% 8.05%
Cost Of Revenue $95.36M $359.9M $73.60M
YoY Change 29.56% 29.75% 10.34%
Gross Profit $48.69M $155.0M $32.50M
YoY Change 49.82% 22.09% 3.5%
Gross Profit Margin 33.8% 30.11% 30.63%
Selling, General & Admin $18.21M $28.41M $16.30M
YoY Change 11.69% 10.0% -18.91%
% of Gross Profit 37.39% 18.33% 50.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.57M $49.70M $9.890M
YoY Change 77.69% 21.88% -4.26%
% of Gross Profit 36.09% 32.06% 30.43%
Operating Expenses $35.78M $28.41M $99.86M
YoY Change -64.17% -92.59% 2.82%
Operating Profit $12.91M $33.09M $6.229M
YoY Change 107.27% 58.64% 489.31%
Interest Expense -$11.88M $36.49M $9.385M
YoY Change -226.55% -18.63% -6.63%
% of Operating Profit -91.99% 110.25% 150.67%
Other Income/Expense, Net $110.0K -$36.96M $182.0K
YoY Change -39.56% -160.5% -2.67%
Pretax Income $8.787M -$3.869M -$3.000M
YoY Change -392.9% -104.72% -65.91%
Income Tax -$5.258M -$5.258M -$2.020M
% Of Pretax Income -59.84%
Net Earnings $24.87M $1.389M -$1.004M
YoY Change -2577.19% -94.59% -86.0%
Net Earnings / Revenue 17.27% 0.27% -0.95%
Basic Earnings Per Share -$0.34
Diluted Earnings Per Share $316.7K -$0.34 -$14.86K
COMMON SHARES
Basic Shares Outstanding 76.64M shares 71.90M shares 67.22M shares
Diluted Shares Outstanding 71.90M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.30M $20.30M $9.200M
YoY Change 120.65% 120.65% 187.5%
Cash & Equivalents $20.30M $9.241M
Short-Term Investments
Other Short-Term Assets $524.1M $524.1M $83.10M
YoY Change 530.73% 530.73% 60.74%
Inventory
Prepaid Expenses
Receivables $58.42M $58.42M $41.32M
Other Receivables $272.0K $272.0K $2.200M
Total Short-Term Assets $603.1M $603.1M $135.9M
YoY Change 343.86% 343.81% 44.23%
LONG-TERM ASSETS
Property, Plant & Equipment $25.23M $31.50M $22.88M
YoY Change 10.31% 37.53% -2.73%
Goodwill $365.7M $106.8M
YoY Change 242.35% -2.45%
Intangibles $340.2M $98.06M
YoY Change 246.95% -46.37%
Long-Term Investments
YoY Change
Other Assets $9.256M $11.26M $1.957M
YoY Change 372.97% -76.88% 415.0%
Total Long-Term Assets $748.8M $748.8M $281.9M
YoY Change 165.59% 165.63% -23.86%
TOTAL ASSETS
Total Short-Term Assets $603.1M $603.1M $135.9M
Total Long-Term Assets $748.8M $748.8M $281.9M
Total Assets $1.352B $1.352B $417.8M
YoY Change 223.56% 223.59% -10.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.28M $30.56M $4.300M
YoY Change 650.79% 610.72% -38.57%
Accrued Expenses $39.77M $41.49M $14.45M
YoY Change 175.21% 30.08% -52.15%
Deferred Revenue $1.280M $1.494M
YoY Change -14.32% -21.86%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.200M $6.200M $19.44M
YoY Change -68.11% -68.04% 385.2%
Total Short-Term Liabilities $583.6M $583.6M $148.8M
YoY Change 292.06% 292.18% 60.04%
LONG-TERM LIABILITIES
Long-Term Debt $604.1M $604.1M $357.9M
YoY Change 68.8% 68.79% -26.3%
Other Long-Term Liabilities $18.35M $18.35M $9.672M
YoY Change 89.71% 89.16% 46.28%
Total Long-Term Liabilities $622.5M $622.5M $367.5M
YoY Change 69.35% 69.33% -25.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $583.6M $583.6M $148.8M
Total Long-Term Liabilities $622.5M $622.5M $367.5M
Total Liabilities $1.206B $1.206B $516.4M
YoY Change 133.55% 133.54% -11.76%
SHAREHOLDERS EQUITY
Retained Earnings -$100.1M -$102.0M
YoY Change -1.92% -20.1%
Common Stock $77.00K $68.00K
YoY Change 13.24% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.091M $2.388M
YoY Change 71.31% 0.0%
Treasury Stock Shares 720.4K shares 451.2K shares
Shareholders Equity $145.9M $145.9M -$98.56M
YoY Change
Total Liabilities & Shareholders Equity $1.352B $1.352B $417.8M
YoY Change 223.56% 223.59% -10.05%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $24.87M $1.389M -$1.004M
YoY Change -2577.19% -94.59% -86.0%
Depreciation, Depletion And Amortization $17.57M $49.70M $9.890M
YoY Change 77.69% 21.88% -4.26%
Cash From Operating Activities $11.94M $9.377M $43.93M
YoY Change -72.81% -23.15% 52.85%
INVESTING ACTIVITIES
Capital Expenditures -$3.433M $9.719M -$2.590M
YoY Change 32.55% 30.26% -28.45%
Acquisitions $407.1M
YoY Change
Other Investing Activities $15.28M -$391.9M $0.00
YoY Change -100.0%
Cash From Investing Activities $11.84M -$451.0M -$2.590M
YoY Change -557.34% -371.06% -37.29%
FINANCING ACTIVITIES
Cash Dividend Paid $7.460M
YoY Change
Common Stock Issuance & Retirement, Net $1.703M
YoY Change
Debt Paid & Issued, Net $361.4M
YoY Change 227.06%
Cash From Financing Activities 619.0K $871.6M -12.05M
YoY Change -105.14% -718.43% 1105.0%
NET CHANGE
Cash From Operating Activities 11.94M $9.377M 43.93M
Cash From Investing Activities 11.84M -$451.0M -2.590M
Cash From Financing Activities 619.0K $871.6M -12.05M
Net Change In Cash 24.41M $430.0M 29.29M
YoY Change -16.67% 1041.87% 24.06%
FREE CASH FLOW
Cash From Operating Activities $11.94M $9.377M $43.93M
Capital Expenditures -$3.433M $9.719M -$2.590M
Free Cash Flow $15.38M -$342.0K $46.52M
YoY Change -66.95% -107.21% 43.76%

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5654000 USD
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313000 USD
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3499000 USD
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0 USD
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0 USD
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CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
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0 USD
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0 USD
CY2019 prth Intangible Assets Acquired By Issuing Non Controlling Interest In Subsidiary
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5654000 USD
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234000 USD
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0 USD
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CY2020Q4 us-gaap Restricted Cash Equivalents Current
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CY2019Q4 us-gaap Restricted Cash Equivalents Current
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0 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
518093000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88120000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50465000 USD
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of Consolidated Financial Statements in conformity with accounting principles generally accepted in the U.S. ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reported period. Actual results could materially differ from those estimates.</span></div>
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
600000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
600000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
500000 USD
CY2019 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 USD
CY2021 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 USD
CY2020 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 USD
CY2021 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
7800000 USD
CY2020 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
7100000 USD
CY2019 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
8200000 USD
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
18300000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
16400000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
5900000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
5300000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
4100000 USD
CY2021 prth Number Of Non Controlling Interest Subsidiaries
NumberOfNonControllingInterestSubsidiaries
3 subsidiary
CY2021 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
318900000 USD
CY2020 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
240200000 USD
CY2019 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
213800000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Risk</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A substantial portion of the Company's revenues and receivables are attributable to merchants. For the years ended December 31, 2021, 2020 and 2019, no individual merchant customer accounted for 10% or more of the Company's consolidated revenues. Most of the Company's merchant customers were referred to the Company by an ISO or other referral partners. If the Company's agreement with an ISO allows the ISO to have merchant portability rights, the ISO can move the underlying merchant relationships to another merchant acquirer upon notice to the Company and completion of a "wind down" period. For the years ended December 31, 2021, 2020 and 2019, merchants referred by one ISO organization with merchant portability rights generated revenue within the Company's SMB Payments reportable segment that represented approximately 22%, 21% and 18%, respectively, of the Company's consolidated revenues.</span></div><div style="margin-bottom:12pt"><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 cash and restricted cash is held in certain FIs, substantially all of which is in excess of federal deposit insurance corporation limits. The Company does not believe it is exposed to any significant credit risk from these transactions.</span></div>
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications </span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts in these Consolidated Financial Statements have been reclassified to conform to the current year presentation, with no net effect on the Company's operating income, income (loss) before income tax expense (benefit), net income (loss), stockholders' deficit.</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We reclassified certain cash flows related to settlement assets and customer account balances and the related obligations from net cash provided by operating activities to net cash provided by (used in) financing activities within the Consolidated Statements of Cash Flows. Prior period amounts have been reclassified to conform to the current period presentation. These changes have no impact on our previously reported consolidated net income, financial position or net increase in cash and cash equivalents.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The current period presentation classifies all changes in settlement and customer account balance obligations on our Consolidated Statements of Cash Flows as net cash provided by (used in) financing activities. The current period presentation provides a more meaningful representation of the cash flows related to the movement of settlement assets and customer account balances due to the restrictions on and use of those funds.</span></div>
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12202000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12080000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-140943000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
102301000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6262000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1723000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5596000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7319000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0688
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
1841000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1803000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2136000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1682000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1367000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1205000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1298000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
958000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8646000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1327000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7319000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1356000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1307000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1356000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1394000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1367000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2388000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
9168000 USD
CY2020 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2500000 USD
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2000000 USD
CY2021 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 businessCombination
CY2021Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2100000 USD
CY2019Q4 prth Number Of Reseller Agreements
NumberOfResellerAgreements
2 agreement
CY2019Q4 prth Number Of Reseller Agreements
NumberOfResellerAgreements
2 agreement
CY2021 prth Reseller Arrangement Cash Consideration Paid
ResellerArrangementCashConsiderationPaid
0 USD
CY2021 prth Reseller Arrangement Cash Consideration Received
ResellerArrangementCashConsiderationReceived
0 USD
CY2019Q4 prth Number Of Reseller Agreements
NumberOfResellerAgreements
2 agreement
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
514901000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
404342000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
371854000 USD
CY2021 us-gaap Interest Income Operating
InterestIncomeOperating
700000 USD
CY2020 us-gaap Interest Income Operating
InterestIncomeOperating
800000 USD
CY2019 us-gaap Interest Income Operating
InterestIncomeOperating
600000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1280000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1494000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021 prth Merchant Reserves Held By Sponsor Banks
MerchantReservesHeldBySponsorBanks
102100000 USD
CY2020 prth Merchant Reserves Held By Sponsor Banks
MerchantReservesHeldBySponsorBanks
103800000 USD
CY2021 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
2800000 USD
CY2020 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
4100000 USD
CY2019 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
3100000 USD
CY2021Q4 us-gaap Settlement Assets Current
SettlementAssetsCurrent
479471000 USD
CY2020Q4 us-gaap Settlement Assets Current
SettlementAssetsCurrent
753000 USD
CY2021Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
500291000 USD
CY2020Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
72878000 USD
CY2021Q4 prth Notes Loans And Financing Receivable Net
NotesLoansAndFinancingReceivableNet
400000 USD
CY2020Q4 prth Notes Loans And Financing Receivable Net
NotesLoansAndFinancingReceivableNet
7700000 USD
CY2021 prth Notes Receivable Average Interest Rate
NotesReceivableAverageInterestRate
0.138
CY2020 prth Notes Receivable Average Interest Rate
NotesReceivableAverageInterestRate
0.131
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
500000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 USD
CY2021Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
300000 USD
CY2021Q4 prth Financing Receivable Before Allowance For Credit Loss To Be Received Year One
FinancingReceivableBeforeAllowanceForCreditLossToBeReceivedYearOne
100000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
365740000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
106832000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
109515000 USD
CY2019 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2019Q4 us-gaap Goodwill
Goodwill
109515000 USD
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-2683000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
106832000 USD
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
13804000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
245104000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
365740000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
530157000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
189946000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
340211000 USD
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P9Y8M12D
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
246765000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
148708000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
98057000 USD
CY2020 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P8Y4M24D
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
41200000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33100000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32400000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
59262000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
52822000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
35029000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
28921000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
28358000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
133719000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
338111000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
74256000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
63581000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
49023000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
40706000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25233000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22875000 USD
CY2021 us-gaap Depreciation
Depreciation
8500000 USD
CY2020 us-gaap Depreciation
Depreciation
7700000 USD
CY2019 us-gaap Depreciation
Depreciation
6600000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10239000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8041000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
631900000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
382040000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6200000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
19442000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
21595000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4725000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
604105000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
357873000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
6200000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
6200000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
6200000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
6200000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
21200000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
585900000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
631900000 USD
CY2021Q3 prth Debt Instrument Covenant Maximum Total Net Leverage Ratio
DebtInstrumentCovenantMaximumTotalNetLeverageRatio
6.50
CY2017Q4 prth Maximum Allowable Loan Advances
MaximumAllowableLoanAdvances
5000000 USD
CY2020Q4 prth Debt Instrument Covenant Maximum Total Net Leverage Ratio
DebtInstrumentCovenantMaximumTotalNetLeverageRatio
7.75
CY2021Q1 prth Debt Instrument Covenant Maximum Total Net Leverage Ratio
DebtInstrumentCovenantMaximumTotalNetLeverageRatio
7.71
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
80000000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
25100000 USD
CY2021 us-gaap Interest Expense
InterestExpense
36500000 USD
CY2020 us-gaap Interest Expense
InterestExpense
44800000 USD
CY2019 us-gaap Interest Expense
InterestExpense
40700000 USD
CY2021 prth Amortization Of Debt Discount Premium And Debt Issuance Costs
AmortizationOfDebtDiscountPremiumAndDebtIssuanceCosts
4000000 USD
CY2020 prth Amortization Of Debt Discount Premium And Debt Issuance Costs
AmortizationOfDebtDiscountPremiumAndDebtIssuanceCosts
2400000 USD
CY2019 prth Amortization Of Debt Discount Premium And Debt Issuance Costs
AmortizationOfDebtDiscountPremiumAndDebtIssuanceCosts
1700000 USD
CY2021Q2 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
150000 shares
CY2021Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2021Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1803841 shares
CY2021Q2 prth Temporary Equity Purchase Price
TemporaryEquityPurchasePrice
150000000 USD
CY2021Q2 prth Temporary Equity Discount
TemporaryEquityDiscount
5000000 USD
CY2021Q2 prth Temporary Equity Issuance Costs
TemporaryEquityIssuanceCosts
5500000 USD
CY2021Q2 prth Temporary Equity Maximum Additional Shares Authorized
TemporaryEquityMaximumAdditionalSharesAuthorized
50000 shares
CY2021Q2 prth Temporary Equity Maximum Purchase Price
TemporaryEquityMaximumPurchasePrice
50000000 USD
CY2021Q2 prth Temporary Equity Maximum Purchase Price Discount
TemporaryEquityMaximumPurchasePriceDiscount
600000 USD
CY2021Q2 prth Temporary Equity Purchase Agreement Period
TemporaryEquityPurchaseAgreementPeriod
P18M
CY2021Q2 prth Temporary Equity Maximum Additional Shares Authorized
TemporaryEquityMaximumAdditionalSharesAuthorized
50000 shares
CY2021Q2 prth Temporary Equity Maximum Purchase Price
TemporaryEquityMaximumPurchasePrice
50000000 USD
CY2021Q2 prth Temporary Equity Maximum Purchase Price Discount
TemporaryEquityMaximumPurchasePriceDiscount
600000 USD
CY2021Q2 prth Proceeds Issuance Of Temporary Equity
ProceedsIssuanceOfTemporaryEquity
139500000 USD
CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
131400000 USD
CY2021Q3 prth Temporary Equity Committed Financing Put Right
TemporaryEquityCommittedFinancingPutRight
3300000 USD
CY2021Q3 prth Temporary Equity Maximum Additional Shares Authorized
TemporaryEquityMaximumAdditionalSharesAuthorized
75000 shares
CY2021Q3 prth Temporary Equity Maximum Purchase Price
TemporaryEquityMaximumPurchasePrice
75000000 USD
CY2021Q3 prth Temporary Equity Maximum Purchase Price Discount
TemporaryEquityMaximumPurchasePriceDiscount
900000 USD
CY2021Q3 prth Temporary Equity Ticketing Fees
TemporaryEquityTicketingFees
700000 USD
CY2021Q3 prth Temporary Equity Issuance Costs
TemporaryEquityIssuanceCosts
1900000 USD
CY2021Q3 prth Temporary Equity Committed Financing Put Right
TemporaryEquityCommittedFinancingPutRight
3300000 USD
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2021 prth Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
225000 shares
CY2021 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
199609000 USD
CY2021 us-gaap Temporary Equity Accretion Of Dividends
TemporaryEquityAccretionOfDividends
8704000 USD
CY2021 prth Temporary Equity Accretion Of Discount And Issuance Cost
TemporaryEquityAccretionOfDiscountAndIssuanceCost
1845000 USD
CY2021Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
225000 shares
CY2021Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
210158000 USD
CY2021 prth Temporary Equity Dividend Payment Rate Floor
TemporaryEquityDividendPaymentRateFloor
0.0100
CY2021 prth Dividends Temporary Equity Cash
DividendsTemporaryEquityCash
7460000 USD
CY2021 us-gaap Temporary Equity Accretion Of Dividends
TemporaryEquityAccretionOfDividends
8704000 USD
CY2021 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.130
CY2021 prth Temporary Equity Dividend Rate Percentage
TemporaryEquityDividendRatePercentage
0.130
CY2021 prth Dividends Temporary Equity Declared
DividendsTemporaryEquityDeclared
16164000 USD
CY2021Q4 prth Temporary Equity Liquidation Preference Percentage Period One
TemporaryEquityLiquidationPreferencePercentagePeriodOne
1
CY2021Q4 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
1000
CY2021Q4 prth Temporary Equity Liquidation Preference Additional Percentage
TemporaryEquityLiquidationPreferenceAdditionalPercentage
0.02
CY2021Q4 prth Temporary Equity Liquidation Preference Percentage Period Two
TemporaryEquityLiquidationPreferencePercentagePeriodTwo
1.02
CY2021Q4 prth Temporary Equity Liquidation Preference Percentage Period Three
TemporaryEquityLiquidationPreferencePercentagePeriodThree
1.02
CY2021Q4 prth Temporary Equity Liquidation Preference Percentage Period Four
TemporaryEquityLiquidationPreferencePercentagePeriodFour
1
CY2021Q2 prth Temporary Equity Number Of Days After Written Notice
TemporaryEquityNumberOfDaysAfterWrittenNotice
30 day
CY2021Q2 prth Temporary Equity Number Of Days After Redemption
TemporaryEquityNumberOfDaysAfterRedemption
90 day
CY2021Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1803841 shares
CY2021Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
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