Shift4 Payments Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
FOUR$43.73-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 2023 and
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $455.0 | $702.5 |
| Restricted cash | 84.4 | 74.0 |
| Settlement assets | 321.2 | — |
| Accounts receivable, net | 256.8 | 195.0 |
| Inventory | 3.4 | 4.8 |
| Prepaid expenses and other current assets | 32.5 | 15.4 |
| Total current assets | 1,153.3 | 991.7 |
| Noncurrent assets | ||
| Equipment for lease, net | 123.1 | 80.7 |
| Property, plant and equipment, net | 28.6 | 22.3 |
| Right-of-use assets | 22.8 | 19.5 |
| Investments in securities | 62.2 | 47.1 |
| Collateral held by the card networks | 37.7 | — |
| Goodwill | 1,111.3 | 735.0 |
| Residual commission buyouts, net | 229.6 | 303.9 |
| Capitalized customer acquisition costs, net | 51.7 | 36.1 |
| Other intangible assets, net | 548.8 | 306.8 |
| Other noncurrent assets | 18.7 | 10.9 |
| Total assets | $3,387.8 | $2,554.0 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Settlement liabilities | $315.2 | $— |
| Accounts payable | 204.6 | 166.7 |
| Accrued expenses and other current liabilities | 83.9 | 80.0 |
| Deferred revenue | 20.6 | 16.3 |
| Bank deposits | 72.3 | — |
| Current lease liabilities | 7.8 | 5.3 |
| Total current liabilities | 704.4 | 268.3 |
| Noncurrent liabilities | ||
| Long-term debt | 1,750.2 | 1,741.9 |
| Deferred tax liability | 28.7 | 18.6 |
| Noncurrent lease liabilities | 18.8 | 18.1 |
| Other noncurrent liabilities | 17.3 | 26.5 |
| Total liabilities | 2,519.4 | 2,073.4 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' equity | ||
| Preferred stock, $0.0001 par value, 20,000,000 shares authorized at December 31, 2023 and 2022, none issued and outstanding | — | — |
| Class A common stock, $0.0001 par value per share, 300,000,000 shares authorized, 60,664,171 and 54,153,218 shares issued and outstanding at December 31, 2023 and 2022, respectively | — | — |
| Class B common stock, $0.0001 par value per share, 100,000,000 shares authorized, 23,831,883 and 25,829,016 shares issued and outstanding at December 31, 2023 and 2022, respectively | — | — |
| Class C common stock, $0.0001 par value per share, 100,000,000 shares authorized, 1,694,915 and 2,889,811 shares issued and outstanding at December 31, 2023 and 2022, respectively | — | — |
| Additional paid-in capital | 985.9 | 702.6 |
| Accumulated other comprehensive income | 14.1 | 8.3 |
| Retained deficit | (346.7) | (363.6) |
| Total stockholders' equity attributable to Shift4 Payments, Inc. | 653.3 | 347.3 |
| Noncontrolling interests | 215.1 | 133.3 |
| Total stockholders' equity | 868.4 | 480.6 |
| Total liabilities and stockholders' equity | $3,387.8 | $2,554.0 |
| See accompanying notes to consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.