EURONET WORLDWIDE INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
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(16) Valuation and Qualifying Accounts
Trade accounts receivable and accounts receivable balances included within the settlement assets are stated net of credit losses. Historically, the Company has not experienced significant write-offs. The Company records credit losses when it is probable that the accounts receivable balance will not be collected.
The following table provides a summary of the credit loss balances and activity for the years ended December 31, 2024,2023 and 2022:
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions) | 2024 | 2023 | 2022 |
| Beginning balance-credit losses | $39.3 | $37.0 | $31.8 |
| Additions-charged to expense | 18.7 | 13.3 | 16.3 |
| Amounts written off | (23.9) | (9.8) | (12.9) |
| Other (primarily changes in foreign currency exchange rates) | 1.8 | (1.2) | 1.8 |
| Ending balance-credit losses | $35.9 | $39.3 | $37.0 |
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