10-Q Filing

SHIFT4 PAYMENTS, INC. CIK: 1794669 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-051648`
Period End Date	20200930
Filing Date	20201106
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	four-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 70 Cash Flow Statement 85 Stockholders Equity 45

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.50M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.90M	USD	Point-in-time
Contract assets allowance for doubtful accounts current	`ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent`	$2.90M	USD	Point-in-time
Contract assets allowance for doubtful accounts current	`ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Contract assets allowance for doubtful accounts noncurrent	`ContractWithCustomerAssetAccumulatedAllowanceForCreditLossNoncurrent`	$1.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$328.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.70M	USD	Point-in-time
Contract assets allowance for doubtful accounts noncurrent	`ContractWithCustomerAssetAccumulatedAllowanceForCreditLossNoncurrent`	-	USD	Point-in-time
Redeemable preferred units, par value per share	`TemporaryEquityParOrStatedValuePerShare`	$100.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $5.9 in 2020 (2019 - $2.5)	`AccountsReceivableNetCurrent`	$91.30M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $5.9 in 2020 (2019 - $2.5)	`AccountsReceivableNetCurrent`	$68.60M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $5.9 in 2020 (2019 - $2.5)	`AccountsReceivableNetCurrent`	$78.60M	USD	Point-in-time
Contract assets, net of allowance for doubtful accounts of $0 in 2020 (2019 - $2.9) (Note 3)	`ContractWithCustomerAssetNetCurrent`	$6.80M	USD	Point-in-time
Redeemable preferred units, shares authorized	`TemporaryEquitySharesAuthorized`	430.00	shares	Point-in-time
Redeemable preferred units, shares issued	`TemporaryEquitySharesIssued`	430.00	shares	Point-in-time
Inventory (Note 5)	`InventoryNet`	$8.50M	USD	Point-in-time
Inventory (Note 5)	`InventoryNet`	$1.20M	USD	Point-in-time
Prepaid expenses and other current assets (Note 12)	`PrepaidExpenseAndOtherAssetsCurrent`	$8.80M	USD	Point-in-time
Redeemable preferred units, shares outstanding	`TemporaryEquitySharesOutstanding`	430.00	shares	Point-in-time
Prepaid expenses and other current assets (Note 12)	`PrepaidExpenseAndOtherAssetsCurrent`	$12.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$433.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$106.40M	USD	Point-in-time
Goodwill (Note 6)	`Goodwill`	$422.00M	USD	Point-in-time
Goodwill (Note 6)	`Goodwill`	$421.30M	USD	Point-in-time
Other intangible assets, net (Note 7)	`FiniteLivedIntangibleAssetsNet`	$213.20M	USD	Point-in-time
Other intangible assets, net (Note 7)	`FiniteLivedIntangibleAssetsNet`	$183.00M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Capitalized acquisition costs, net (Note 8)	`CapitalizedContractCostNetNoncurrent`	$29.70M	USD	Point-in-time
Capitalized acquisition costs, net (Note 8)	`CapitalizedContractCostNetNoncurrent`	$26.40M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Equipment for lease, net (Note 9)	`OperatingLeaseRightOfUseAsset`	$32.70M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Property, plant and equipment, net (Note 10)	`PropertyPlantAndEquipmentNet`	$15.40M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net (Note 10)	`PropertyPlantAndEquipmentNet`	$14.00M	USD	Point-in-time
Contract assets, net of allowance for doubtful accounts of $0 in 2020 (2019 - $1.7) (Note 3)	`ContractWithCustomerAssetNetNoncurrent`	$3.90M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$1.40M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$500.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$681.60M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$681.90M	USD	Point-in-time
Total assets	`Assets`	$788.00M	USD	Point-in-time
Total assets	`Assets`	$1.12B	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	80.04M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	78.04M	shares	Point-in-time
Current portion of debt (Note 11)	`LongTermDebtCurrent`	$5.30M	USD	Point-in-time
Current portion of debt (Note 11)	`LongTermDebtCurrent`	$1.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$76.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.10M	USD	Point-in-time
Accrued expenses and other current liabilities (Note 12)	`AccruedExpensesAndOtherCurrentLiabilities`	$26.50M	USD	Point-in-time
Accrued expenses and other current liabilities (Note 12)	`AccruedExpensesAndOtherCurrentLiabilities`	$60.90M	USD	Point-in-time
Deferred revenue (Note 3)	`ContractWithCustomerLiabilityCurrent`	$8.20M	USD	Point-in-time
Deferred revenue (Note 3)	`ContractWithCustomerLiabilityCurrent`	$8.10M	USD	Point-in-time
Deferred revenue (Note 3)	`ContractWithCustomerLiabilityCurrent`	$5.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$129.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.10M	USD	Point-in-time
Long-term debt (Note 11)	`LongTermDebtNoncurrent`	$635.10M	USD	Point-in-time
Long-term debt (Note 11)	`LongTermDebtNoncurrent`	$437.70M	USD	Point-in-time
Deferred tax liability (Note 14)	`DeferredIncomeTaxLiabilitiesNet`	$4.10M	USD	Point-in-time
Deferred tax liability (Note 14)	`DeferredIncomeTaxLiabilitiesNet`	$5.20M	USD	Point-in-time
Other noncurrent liabilities (Note 4)	`OtherLiabilitiesNoncurrent`	$2.10M	USD	Point-in-time
Other noncurrent liabilities (Note 4)	`OtherLiabilitiesNoncurrent`	$4.80M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$644.00M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$445.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$558.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$773.90M	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable preferred units, $100,000 par value; 430 shares authorized, issued and outstanding at December 31, 2019 (Note 18)	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$43.00M	USD	Point-in-time
Members' equity	`MembersCapital`	$149.20M	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at September 30, 2020, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at September 30, 2020, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$572.60M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-262.60M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-178.40M	USD	Point-in-time
Total stockholders' equity attributable to Shift4 Payments, Inc./members' (deficit)	`StockholdersEquity`	$310.00M	USD	Point-in-time
Total stockholders' equity attributable to Shift4 Payments, Inc./members' (deficit)	`StockholdersEquity`	$-28.90M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$247.50M	USD	Point-in-time
Total stockholders' equity/members' (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-28.90M	USD	Point-in-time
Total stockholders' equity/members' (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.60M	USD	Point-in-time
Total stockholders' equity/members' (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-13.90M	USD	Point-in-time
Total stockholders' equity/members' (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-35.40M	USD	Point-in-time
Total stockholders' equity/members' (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.70M	USD	Point-in-time
Total stockholders' equity/members' (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.10M	USD	Point-in-time
Total stockholders' equity/members' (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.40M	USD	Point-in-time
Total stockholders' equity/members' (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.50M	USD	Point-in-time
Total liabilities and stockholders' equity/members' deficit	`LiabilitiesAndStockholdersEquity`	$1.12B	USD	Point-in-time
Total liabilities and stockholders' equity/members' deficit	`LiabilitiesAndStockholdersEquity`	$788.00M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$214.80M	USD	1 Quarter
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$193.80M	USD	1 Quarter
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$529.30M	USD	3 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$556.00M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$147.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$163.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$400.50M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$427.70M	USD	3 Qtrs
Gross profit	`GrossProfit`	$128.30M	USD	3 Qtrs
Gross profit	`GrossProfit`	$128.80M	USD	3 Qtrs
Gross profit	`GrossProfit`	$46.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$51.50M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$90.10M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$35.50M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$37.50M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$147.00M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$10.10M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$16.20M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$29.70M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$37.10M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$7.10M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$5.80M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$3.30M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$2.90M	USD	1 Quarter
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$800.00K	USD	1 Quarter
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$4.40M	USD	3 Qtrs
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$1.60M	USD	1 Quarter
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$2.90M	USD	3 Qtrs
Restructuring expenses (Note 4)	`RestructuringCharges`	$3.40M	USD	1 Quarter
Restructuring expenses (Note 4)	`RestructuringCharges`	$400.00K	USD	3 Qtrs
Restructuring expenses (Note 4)	`RestructuringCharges`	$100.00K	USD	1 Quarter
Restructuring expenses (Note 4)	`RestructuringCharges`	$3.70M	USD	3 Qtrs
Other operating (income) expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	$12.40M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$55.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$55.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$135.00M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$180.80M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-4.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.20M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-52.50M	USD	3 Qtrs
Loss on extinguishment of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	1 Quarter
Loss on extinguishment of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$100.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$500.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$600.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$32.10M	USD	3 Qtrs
Interest expense	`InterestExpense`	$38.10M	USD	3 Qtrs
Interest expense	`InterestExpense`	$12.90M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.60M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-43.30M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-91.10M	USD	3 Qtrs
Income tax benefit (provision) (Note 14)	`IncomeTaxExpenseBenefit`	$500.00K	USD	1 Quarter
Income tax benefit (provision) (Note 14)	`IncomeTaxExpenseBenefit`	$-1.00M	USD	3 Qtrs
Income tax benefit (provision) (Note 14)	`IncomeTaxExpenseBenefit`	$1.00M	USD	3 Qtrs
Income tax benefit (provision) (Note 14)	`IncomeTaxExpenseBenefit`	$-700.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-90.10M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-9.90M	USD	1 Quarter
Net loss	`ProfitLoss`	$-22.60M	USD	1 Quarter
Net loss	`ProfitLoss`	$-44.30M	USD	3 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-5.90M	USD	3 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.90M	USD	1 Quarter
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-84.20M	USD	3 Qtrs
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-5.00M	USD	1 Quarter

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-8.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-90.10M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-9.90M	USD	1 Quarter
Net loss	`ProfitLoss`	$-22.60M	USD	1 Quarter
Net loss	`ProfitLoss`	$-44.30M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$60.10M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$46.30M	USD	3 Qtrs
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$2.80M	USD	3 Qtrs
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$800.00K	USD	1 Quarter
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$900.00K	USD	1 Quarter
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$2.90M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.10M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$300.00K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$4.10M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$6.90M	USD	3 Qtrs
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-5.90M	USD	3 Qtrs
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$15.00M	USD	3 Qtrs
Impairment on software development costs	`ImpairmentOnSoftwareDevelopmentCosts`	$400.00K	USD	3 Qtrs
Impairment on software development costs	`ImpairmentOnSoftwareDevelopmentCosts`	$1.30M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$56.20M	USD	3 Qtrs
Other noncash items	`OtherNoncashIncomeExpense`	$300.00K	USD	3 Qtrs
Other noncash items	`OtherNoncashIncomeExpense`	$700.00K	USD	3 Qtrs
Impact of lease modifications	`ImpactOfLeaseModifications`	$12.40M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.30M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.30M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$600.00K	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$1.80M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$2.30M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$2.90M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.30M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-100.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.80M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.90M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$9.10M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-5.50M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$3.10M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.30M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.10M	USD	3 Qtrs
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$2.10M	USD	3 Qtrs
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$3.10M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.60M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.70M	USD	3 Qtrs
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$-7.00M	USD	3 Qtrs
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$-3.70M	USD	3 Qtrs
Customer acquisition costs	`CustomerAcquisitionCosts`	$-14.40M	USD	3 Qtrs
Customer acquisition costs	`CustomerAcquisitionCosts`	$-13.60M	USD	3 Qtrs
Acquisition of equipment to be leased	`PaymentsToAcquireEquipmentOnLease`	$5.80M	USD	3 Qtrs
Acquisition, net	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$60.20M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-88.30M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.90M	USD	3 Qtrs
IPO proceeds, net of underwriting discounts and commissions	`InitialPublicOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	$372.90M	USD	3 Qtrs
Proceeds from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$100.00M	USD	3 Qtrs
Follow-on Offering proceeds, net of underwriting discounts and commissions	`FollowOnOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	$93.40M	USD	3 Qtrs
Offering costs	`PaymentsForOfferingCosts`	$9.10M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$20.00M	USD	3 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$70.00M	USD	3 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$68.50M	USD	3 Qtrs
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$192.80M	USD	3 Qtrs
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$3.80M	USD	3 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$89.50M	USD	3 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$20.00M	USD	3 Qtrs
Payments on contingent liabilities	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$2.30M	USD	3 Qtrs
Payments on contingent liabilities	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.40M	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$500.00K	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$1.70M	USD	3 Qtrs
Preferred return on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$900.00K	USD	3 Qtrs
Capital distributions	`PaymentsOfCapitalDistribution`	$100.00K	USD	3 Qtrs
Capital distributions	`PaymentsOfCapitalDistribution`	$500.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$340.10M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$62.10M	USD	3 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$325.20M	USD	3 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.90M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.80M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.70M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.70M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$328.90M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.80M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.70M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.70M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$328.90M	USD	Point-in-time

Stockholders Equity 45 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-28.90M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.60M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-13.90M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-35.40M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.70M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.10M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.40M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.50M	USD	Point-in-time
Temporary Equity, Balance, shares	`TemporaryEquitySharesOutstanding`	430.00	shares	Point-in-time
Issuance of common stock in IPO and concurrent private placement	`StockIssuedDuringPeriodValueNewIssues`	$463.80M	USD	Point-in-time
Issuance of common stock in IPO and concurrent private placement, shares	`StockIssuedDuringPeriodSharesNewIssues`	2.00M	shares	1 Quarter
Net loss	`ProfitLoss`	$-8.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-90.10M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-9.90M	USD	1 Quarter
Net loss	`ProfitLoss`	$-22.60M	USD	1 Quarter
Net loss	`ProfitLoss`	$-44.30M	USD	3 Qtrs
Net loss prior to Reorganization Transactions, IPO and concurrent private placement	`NetIncomeLossPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$-72.90M	USD	1 Quarter
Capital distributions	`DividendsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$100.00K	USD	1 Quarter
Capital distributions	`DividendsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$400.00K	USD	1 Quarter
Capital distributions	`DividendsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$100.00K	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$1.40M	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$900.00K	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$1.20M	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$1.30M	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$1.20M	USD	1 Quarter
Balances prior to Reorganization Transactions, IPO and concurrent private placement	`StockholdersEquityPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$-109.60M	USD	Point-in-time
Reorganization transactions	`ReorganizationTransactionsInValue`	$43.00M	USD	Point-in-time
Preferred dividends settled with LLC interests	`AdjustmentsToAdditionalPaidInCapitalPreferredDividendsSettledWithInterests`	$2.30M	USD	Point-in-time
Issuance of common stock for change of control contingent liabilities	`IssuanceOfCommonStockForChangeOfControlContingentLiabilitiesInValue`	$21.10M	USD	Point-in-time
Issuance of restricted stock units for change of control contingent liabilities	`IssuanceOfRestrictedStockUnitsForChangeOfControlContingentLiabilitiesInValue`	$2.10M	USD	Point-in-time
Other	`StockholdersEquityOther`	$-1.20M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$50.00M	USD	Point-in-time
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.20M	USD	1 Quarter
Net loss subsequent to Reorganization Transactions, IPO and concurrent private placement	`NetIncomeLossSubsequentToReorganizationTransactionInitialPublicOfferingAndConcurrentPrivatePlacement`	$-2.10M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-28.90M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.60M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-13.90M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-35.40M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.70M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.10M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.40M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$557.50M	USD	Point-in-time
Temporary Equity, Balance, shares	`TemporaryEquitySharesOutstanding`	430.00	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.