Shift4 Payments, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
FOUR$43.73-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Unaudited) (in millions of $USD)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income | $12 | $20 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation and amortization | 135 | 85 |
| Equity-based compensation expense | 16 | 26 |
| Revaluation of contingent liabilities | — | (3) |
| Change in TRA liability | — | (3) |
| Amortization of capitalized financing costs, net of premium accretion | 3 | 3 |
| Provision for bad debts | 8 | 4 |
| Deferred income taxes | (32) | (18) |
| Change in operating assets and liabilities | ||
| Accounts receivable | 22 | 15 |
| Prepaid expenses and other assets | 3 | (4) |
| Capitalized customer acquisition costs | (15) | (9) |
| Accounts payable | (56) | 9 |
| Accrued expenses and other liabilities | 38 | (29) |
| Net cash provided by operating activities | 134 | 96 |
| Investing activities | ||
| Acquisitions, net of cash acquired (a) | 98 | (4) |
| Acquisition of equipment to be leased | (32) | (30) |
| Capitalized software development costs | (30) | (18) |
| Acquisition of property, plant and equipment | (6) | (1) |
| Deposits with sponsor bank, net | (11) | (27) |
| Residual commission buyouts | (3) | (2) |
| Investments in securities | — | (3) |
| Net cash provided by (used in) investing activities | 16 | (85) |
| Financing activities | ||
| Deferred financing costs | (3) | — |
| Settlement line of credit | 11 | 27 |
| Settlement activity, net | 47 | (26) |
| Repurchases of Class A common stock | (295) | (63) |
| Payments for withholding tax related to vesting of restricted stock units | (7) | (18) |
| Payments of preferred dividends | (15) | — |
| Distributions to noncontrolling interests | (139) | — |
| Other financing activities | — | (1) |
| Net cash used in financing activities | (401) | (81) |
| Effect of exchange rate changes on cash and cash equivalents | (11) | 15 |
| Net decrease in cash and cash equivalents | (262) | (55) |
| Cash and cash equivalents, beginning of period | 1,185 | 1,439 |
| Cash and cash equivalents, end of period | $923 | $1,384 |
| See accompanying notes to unaudited condensed consolidated financial statements. | ||
(a)Includes $185 million of settlement cash acquired from Bambora on March 2, 2026, resulting in a net cash inflow.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.