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SEC Filings

10-Q
WORLDPAY, INC. filed this Form 10-Q on 05/03/2019
Entire Document
 

Worldpay, Inc.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Unaudited
(In millions, except share data) 
 
March 31,
2019
 
December 31,
2018
Assets
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
107.9

 
$
196.5

Accounts receivable—net
1,710.2

 
1,694.8

Settlement assets and merchant float
4,964.0

 
3,132.3

Prepaid expenses
83.1

 
80.0

Other
538.9

 
526.1

Total current assets
7,404.1

 
5,629.7

  Property, equipment and software—net
1,093.3

 
1,074.1

  Intangible assets—net
2,983.5

 
3,127.8

  Goodwill
14,302.0

 
14,137.9

  Deferred taxes
1,283.7

 
789.9

  Other assets
220.6

 
129.1

Total assets
$
27,287.2

 
$
24,888.5

Liabilities and equity
 

 
 

Current liabilities:
 

 
 

Accounts payable and accrued expenses
$
1,147.1


$
1,188.7

Settlement obligations
5,680.2

 
3,723.6

Current portion of notes payable
219.3


225.7

Current portion of tax receivable agreement obligations
71.4


73.1

Deferred income
29.5

 
25.1

Current maturities of finance lease obligations
23.2

 
22.7

Other
647.4

 
630.3

Total current liabilities
7,818.1

 
5,889.2

Long-term liabilities:
 

 
 

Notes payable
7,269.3

 
7,622.1

Tax receivable agreement obligations
890.2

 
590.8

Finance lease obligations
28.4

 
34.3

Deferred taxes
469.9

 
473.7

Other
199.4

 
74.4

Total long-term liabilities
8,857.2

 
8,795.3

Total liabilities
16,675.3

 
14,684.5

Commitments and contingencies (See Note 9 - Commitments, Contingencies and Guarantees)
 
 
 
Equity:
 

 
 

Class A common stock, $0.00001 par value; 890,000,000 shares authorized; 311,218,093 shares outstanding at March 31, 2019 and 300,454,590 shares outstanding at December 31, 2018

 

Class B common stock, no par value; 100,000,000 shares authorized; no shares issued and outstanding at March 31, 2019 and 10,252,826 shares issued and outstanding at December 31, 2018

 

Preferred stock, $0.00001 par value; 10,000,000 shares authorized; no shares issued and outstanding

 

Paid-in capital
10,679.6

 
10,135.3

Retained earnings
629.5

 
593.1

Accumulated other comprehensive (loss) income
(568.9
)
 
(731.2
)
Treasury stock, at cost; 3,573,308 shares at March 31, 2019 and 3,574,553 shares at December 31, 2018
(138.7
)
 
(142.8
)
Total Worldpay, Inc. equity
10,601.5

 
9,854.4

Non-controlling interests
10.4

 
349.6

Total equity
10,611.9

 
10,204.0

Total liabilities and equity
$
27,287.2

 
$
24,888.5


See Notes to Unaudited Consolidated Financial Statements.

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