Shift4 Payments Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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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.
Sep 30, 2024 · Filed Nov 12, 2024
FOUR$45.01+2.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(Unaudited)(in millions, except share and per share amounts)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $1,426.4 | $455.0 |
| Restricted cash | — | 84.4 |
| Settlement assets | 283.2 | 321.2 |
| Accounts receivable, net | 317.8 | 256.8 |
| Inventory | 7.1 | 3.4 |
| Prepaid expenses and other current assets | 60.1 | 32.5 |
| Total current assets | 2,094.6 | 1,153.3 |
| Noncurrent assets | ||
| Equipment for lease, net | 156.9 | 123.1 |
| Property, plant and equipment, net | 27.4 | 28.6 |
| Right-of-use assets | 30.6 | 22.8 |
| Investments in securities | 78.9 | 62.2 |
| Collateral held by the card networks | 39.1 | 37.7 |
| Goodwill | 1,324.0 | 1,111.3 |
| Residual commission buyouts, net | 167.3 | 229.6 |
| Capitalized customer acquisition costs, net | 63.3 | 51.7 |
| Other intangible assets, net | 672.1 | 548.8 |
| Deferred tax assets | 370.9 | — |
| Other noncurrent assets | 23.8 | 18.7 |
| Total assets | $5,048.9 | $3,387.8 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Settlement liabilities | $278.3 | $315.2 |
| Accounts payable | 252.0 | 204.6 |
| Accrued expenses and other current liabilities | 138.1 | 82.1 |
| Deferred revenue | 22.1 | 20.6 |
| Bank deposits | — | 72.3 |
| Current lease liabilities | 8.7 | 7.8 |
| Current TRA liability | 4.2 | 1.8 |
| Total current liabilities | 703.4 | 704.4 |
| Noncurrent liabilities | ||
| Long-term debt | 2,838.0 | 1,750.2 |
| Noncurrent TRA liability | 365.9 | 3.3 |
| Deferred tax liabilities | 32.7 | 28.7 |
| Noncurrent lease liabilities | 25.4 | 18.8 |
| Other noncurrent liabilities | 35.7 | 14.0 |
| Total liabilities | 4,001.1 | 2,519.4 |
| Commitments and contingencies (Note 15) | ||
| Stockholders' equity | ||
| Preferred stock, $0.0001 par value, 20,000,000 shares authorized at September 30, 2024 and December 31, 2023, none issued and outstanding | — | — |
| Class A common stock, $0.0001 par value per share, 300,000,000 shares authorized, 66,942,326 and 60,664,171 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | — | — |
| Class B common stock, $0.0001 par value per share, 100,000,000 shares authorized, 19,801,028 and 23,831,883 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively. | — | — |
| Class C common stock, $0.0001 par value per share, 100,000,000 shares authorized, 1,635,770 and 1,694,915 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively. | — | — |
| Additional paid-in capital | 1,048.7 | 985.9 |
| Accumulated other comprehensive income | 20.6 | 14.1 |
| Retained deficit | (257.5) | (346.7) |
| Total stockholders' equity attributable to Shift4 Payments, Inc. | 811.8 | 653.3 |
| Noncontrolling interests | 236.0 | 215.1 |
| Total stockholders' equity | 1,047.8 | 868.4 |
| Total liabilities and stockholders' equity | $5,048.9 | $3,387.8 |
| See accompanying notes to unaudited condensed consolidated financial statements. | ||
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