Western Union CO
For the period ended Mar 31, 2025. Filed Apr 23, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 23, 2025
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8. Stockholders’ Equity
Accumulated Other Comprehensive Loss
The following table details reclassifications out of Accumulated other comprehensive loss (“AOCL”) and into Net income. All amounts reclassified from AOCL affect the line items as indicated below and the amounts in parentheses indicate decreases to Net income in the Condensed Consolidated Statements of Income (in millions).
| Amounts Reclassified from AOCL to Net Income | |||
|---|---|---|---|
| Three Months Ended | |||
| Income Statement · March 31, | |||
| Income for the period (in millions) | Location | 2025 | 2024 |
| Accumulated other comprehensive loss components: | |||
| Gains/(losses) on investment securities: | |||
| Available-for-sale securities | Revenues | $1.1 | $2.5 |
| Income tax expense | Provision for income taxes | (0.2) | (0.4) |
| Total reclassification adjustments related to investment securities, net of tax | 0.9 | 2.1 | |
| Gains on cash flow hedges: | |||
| Foreign currency contracts | Revenues | 2.6 | 2.7 |
| Total reclassification adjustments related to cash flow hedges, net of tax | 2.6 | 2.7 | |
| Total reclassifications, net of tax | $3.5 | $4.8 | |
The following tables summarize the components of AOCL, net of tax in the accompanying Condensed Consolidated Balance Sheets (in millions):
| Investment · Hedging · Foreign Currency | ||||
|---|---|---|---|---|
| Securities | Activities | Translation | Total | |
| As of December 31, 2024 | $(33.4) | $13.1 | $(120.2) | $(140.5) |
| Unrealized gains/(losses) | 22.0 | (19.1) | 1.1 | 4.0 |
| Tax benefit/(expense) | (3.8) | 1.9 | — | (1.9) |
| Amounts reclassified from AOCL into earnings, net of tax | (0.9) | (2.6) | — | (3.5) |
| As of March 31, 2025 | $(16.1) | $(6.7) | $(119.1) | $(141.9) |
| Investment · Hedging · Foreign Currency | ||||
|---|---|---|---|---|
| Securities | Activities | Translation | Total | |
| As of December 31, 2023 | $(33.0) | $(15.3) | $(119.0) | $(167.3) |
| Unrealized gains/(losses) | (3.0) | 13.6 | — | 10.6 |
| Tax benefit/(expense) | 0.5 | (0.1) | — | 0.4 |
| Amounts reclassified from AOCL into earnings, net of tax | (2.1) | (2.7) | — | (4.8) |
| As of March 31, 2024 | $(37.6) | $(4.5) | $(119.0) | $(161.1) |
Cash Dividends Paid
During both the three months ended March 31, 2025 and 2024, the Company's Board of Directors declared quarterly cash dividends of$0.235 per common share, representing$78.8 million and $80.1 million of total dividends, respectively.
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