Shift4 Payments, Inc.

FOUR

FOURShift4 Payments, Inc. US flag

New York Stock Exchange

39.29

USD

-0.93

- -

3.58BMarket Cap

Income Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	561	731	767	1,368	1,994	2,565	3,331	4,180
+ Sales & Services Revenue	561	731	767	1,368	1,994	2,565	3,331	4,180
- Cost of Revenue	420	558	589	1,089	1,523	1,877	2,358	2,752
+ Cost of Goods & Services	420	558	589	1,089	1,523	1,877	2,358	2,752
Gross Profit	141	173	178	278	470	688	973	1,428
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	134	174	242	327	412	531	722	1,091
+ Selling, General & Admin	93	134	202	265	316	377	522	801
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	40	40	40	62	96	154	200	290
Operating Income (Loss)	7	-1	-64	-49	58	157	251	337
- Non-Operating (Income) Loss	66	54	50	28	-29	37	252	142
+ Interest Expense, Net	47	52	40	28	22	- -	28	131
+ Interest Expense	47	52	40	28	32	32	62	190
- Interest Income	- -	- -	- -	- -	11	32	34	59
+ Other Non-Op (Income) Loss	20	3	10	- -	-50	37	224	11
Pretax Income	-60	-55	-114	-77	87	120	-1	195
- Income Tax Expense (Benefit)	-4	2	-2	-3	- -	-3	-296	48
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-55	-57	-111	-74	87	123	295	147
- Net Extraordinary Losses (Gains)	- -	- -	-186	-52	23	74	130	56
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	-186	-52	23	74	130	56
Income (Loss) Incl. MI	-55	-57	75	-22	64	49	165	91
- Minority Interest	- -	- -	93	26	-12	-37	-65	-28
Net Income, GAAP	-55	-57	-18	-48	75	86	230	119
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	40
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-55	-57	-18	-48	75	86	230	79
EBIT	7	-1	-64	-49	58	157	251	337
EBITDA	78	62	20	55	207	372	548	769
EBITDA Margin (%)	13.88	8.48	2.67	4.05	10.39	14.5	16.45	18.4
EBITA	7	-1	-64	-49	58	157	251	337
Gross Margin (%)	25.1	23.71	23.18	20.36	23.59	26.82	29.21	34.16
Operating Margin (%)	1.25	-0.08	-8.31	-3.58	2.91	6.12	7.54	8.06
Profit Margin (%)	-9.88	-7.74	-2.4	-3.52	3.77	3.35	6.9	2.85
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.01	0.01	0.01	- -	- -	- -	- -	0.44
Depreciation Expense	71	63	84	104	149	215	297	432
Basic Weighted Avg Shares	39	39	45	55	56	60	68	68
Basic EPS, GAAP	-1.42	-1.45	-0.41	-0.88	1.34	1.44	3.4	1.16
Basic EPS from Cont Ops	-1.42	-1.45	-2.47	-1.35	1.54	2.06	4.36	2.16
Diluted Weighted Avg Shares	39	39	45	55	83	61	92	89
Diluted EPS, GAAP	-1.42	-1.45	-0.41	-0.88	0.91	1.41	2.51	0.89
Diluted EPS from Cont Ops	-1.42	-1.45	-2.47	-1.35	1.05	2.02	3.22	1.65

Balance Sheet (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	70	106	1,034	1,454	992	1,153	1,910	2,181
+ Cash, Cash Equivalents & STI	5	4	928	1,232	702	455	1,212	964
+ Cash & Cash Equivalents	5	4	928	1,232	702	455	1,212	964
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	56	86	94	208	195	257	349	742
+ Accounts Receivable, Net	56	79	93	206	195	257	349	742
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	7	1	2	- -	- -	- -	- -
+ Inventories	5	8	2	4	5	3	9	- -
+ Raw Materials	5	8	2	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	4	5	3	9	- -
+ Other ST Assets	4	8	10	11	89	438	340	475
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	668	678	746	889	1,562	2,234	3,131	6,532
+ Property, Plant & Equip, Net	26	15	52	95	122	174	229	342
+ Property, Plant & Equip	54	35	83	128	174	262	343	505
- Accumulated Depreciation	28	19	31	33	51	88	114	163
+ LT Investments & Receivables	- -	- -	- -	30	47	62	- -	- -
+ LT Investments	- -	- -	- -	30	47	62	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	642	662	694	763	1,393	1,998	2,902	6,190
+ Total Intangible Assets	622	657	663	726	1,382	1,941	2,436	5,714
+ Goodwill	392	421	477	538	735	1,111	1,456	2,704
+ Other Intangible Assets	231	236	186	188	647	830	980	3,010
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	20	5	31	37	11	56	466	476
Total Assets	739	784	1,779	2,343	2,554	3,388	5,041	8,713
+ Payables & Accruals	62	80	80	156	247	287	368	908
+ Accounts Payable	44	58	61	121	167	205	248	679
+ Accrued Taxes	- -	1	1	2	4	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	18	21	18	33	76	82	120	229
+ ST Debt	5	5	1	5	5	8	698	27
+ ST Borrowings	5	5	1	- -	- -	- -	687	10
+ ST Finance Leases	- -	- -	- -	5	5	8	11	17
+ Other ST Liabilities	30	44	18	23	16	410	313	379
+ Deferred Revenue	5	6	8	15	16	21	16	13
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	26	38	10	8	- -	389	297	366
Total Current Liabilities	98	130	99	184	268	704	1,379	1,314
+ LT Debt	549	635	1,005	1,756	1,760	1,769	2,183	4,589
+ LT Borrowings	549	635	1,005	1,738	1,742	1,750	2,154	4,536
+ LT Finance Leases	- -	- -	- -	18	18	19	29	53
+ Other LT Liabilities	51	52	4	3	45	46	461	853
+ Accrued Liabilities	4	4	3	- -	19	29	61	471
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	47	48	2	2	26	17	400	382
Total Noncurrent Liabilities	600	687	1,010	1,759	1,805	1,815	2,644	5,442
Total Liabilities	697	817	1,109	1,943	2,073	2,519	4,023	6,756
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	973
+ Share Capital & APIC	- -	- -	738	619	703	986	1,063	889
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	738	619	703	986	1,063	889
- Treasury Stock	- -	- -	- -	21	- -	- -	- -	- -
+ Retained Earnings	-113	-182	-279	-325	-364	-347	-228	-467
+ Other Equity	- -	- -	- -	- -	8	14	-28	47
Equity Before Minority Interest	41	-33	460	273	347	653	807	1,442
+ Minority/Non Controlling Interest	- -	- -	210	127	133	215	211	515
Total Equity	41	-33	670	400	481	868	1,018	1,957
Total Liabilities & Equity	739	784	1,779	2,343	2,554	3,388	5,041	8,713
Shares Outstanding	42	42	50	56	57	62	69	65
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	23	23	27	40	70
Net Debt	549	637	78	507	1,039	1,295	1,629	3,582
Net Debt to Equity	1,325.36	-1,935.26	11.72	126.85	216.27	149.15	160.02	183.04
Tangible Common Equity Ratio	-500.09	-542.72	0.6	-20.2	-76.88	-74.18	-54.43	-157.72
Current Ratio	0.72	0.82	10.4	7.91	3.7	1.64	1.39	1.66
Cash Conversion Cycle	- -	4.65	6.65	10.3	3.25	-3.19	-0.81	-13.45

Cash Flow Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-55	-57	-111	-74	87	123	295	147
+ Depreciation & Amortization	71	63	84	104	149	215	297	432
+ Non-Cash Items	1	27	77	57	16	104	-16	127
+ Stock-Based Compensation	- -	- -	66	41	50	57	65	82
+ Deferred Income Taxes	-4	- -	-1	-2	-2	-8	-322	7
+ Asset Impairment Charge	- -	2	- -	- -	- -	19	- -	9
+ Other Non-Cash Adj	5	25	11	18	-31	36	241	29
+ Chg in Non-Cash Work Cap	9	-25	-45	-84	23	-96	-76	-72
+ (Inc) Dec in Accts Receiv	-17	-21	-19	-121	4	-53	-75	5
+ (Inc) Dec in Inventories	-2	-2	1	2	3	7	8	- -
+ (Inc) Dec in Prepaid Assets	1	-3	-2	-1	-2	- -	-2	-5
+ Inc (Dec) in Accts Payable	26	18	-7	62	45	17	67	- -
+ Inc (Dec) in Other	1	-18	-18	-26	-28	-67	-74	-72
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	26	8	4	3	275	346	500	634
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-5	-12	-23	-64	-337	-103	-124	-162
+ Acq of Fixed Prod Assets	-2	-8	-19	-54	-62	-92	-108	-135
+ Acq of Intangible Assets	-4	-3	-4	-10	-276	-11	-16	-27
+ Cash (Repurchase) of Equity	- -	- -	566	-20	-186	-105	-146	-365
+ Increase in Capital Stock	- -	- -	566	- -	- -	- -	- -	88
+ Decrease in Capital Stock	- -	- -	- -	-20	-186	-105	-146	-453
+ Net Change in LT Investment	- -	- -	- -	-30	-2	15	126	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	15	126	3
+ Inc in LT Investment	- -	- -	- -	-30	-2	- -	- -	-3
+ Net Cash From Acq & Div	-2	-60	-50	-54	-135	-170	-555	-2,721
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	24
+ Cash for Acq of Subs	-2	-60	-50	-54	-135	-170	-555	-2,745
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-35	-8	-10	-21	-43	-44	-138	-115
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-41	-80	-83	-170	-517	-302	-691	-2,998
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	-30
+ Net Cash From Debt	35	87	454	632	- -	- -	1,173	1,705
+ Cash From Debt	40	272	1,277	632	- -	- -	1,173	2,848
+ Repayments of Debt	-5	-185	-823	-1	- -	- -	- -	-1,143
+ Other Financing Activities	-23	-16	-17	-141	-29	-5	-98	745
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	11	71	1,003	471	-215	-110	929	2,055
Effect of Foreign Exchange Rates	- -	- -	- -	- -	1	11	-21	55
Net Changes in Cash	-5	-1	924	304	-456	-66	738	-309
EBITDA	78	62	20	55	207	372	548	769
EBITDA Margin (%)	13.88	8.48	2.67	4.05	10.39	14.5	16.45	18.4
Free Cash Flow	20	-4	-19	-62	-62	243	376	472
Net Cash Paid for Acquisitions	2	60	50	54	135	170	555	2,721
Free Cash Flow to Firm	- -	- -	- -	- -	-29	- -	- -	615
Free Cash Flow to Equity	- -	87	439	580	214	254	1,565	3,137
Free Cash Flow per Basic Share	0.52	-0.09	-0.43	-1.12	-1.1	4.07	5.56	6.93
Price/Free Cash Flow	- -	- -	124.83	47.14	7.56	10.1	15.22	7.04
Cash Flow to Net Income	-0.46	-0.14	-0.22	-0.06	3.67	4.02	2.17	5.33
Capital Expenditures	-5	-12	-23	-64	-337	-103	-124	-162