10-Q Filing

SHIFT4 PAYMENTS, INC. CIK: 1794669 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-042139`
Period End Date	20210630
Filing Date	20210806
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	four-10q_20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 74 Cash Flow Statement 78 Stockholders Equity 38

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.70M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.80M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$927.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$699.70M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $12.8 in 2021 ($5.7 in 2020) (Note 3)	`AccountsReceivableNetCurrent`	$92.70M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $12.8 in 2021 ($5.7 in 2020) (Note 3)	`AccountsReceivableNetCurrent`	$177.20M	USD	Point-in-time
Inventory	`InventoryNet`	$1.60M	USD	Point-in-time
Inventory	`InventoryNet`	$1.50M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets (Note 11)	`PrepaidExpenseAndOtherAssetsCurrent`	$14.80M	USD	Point-in-time
Prepaid expenses and other current assets (Note 11)	`PrepaidExpenseAndOtherAssetsCurrent`	$11.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.03B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$893.30M	USD	Point-in-time
Goodwill (Note 5)	`Goodwill`	$525.20M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	82.88M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	80.55M	shares	Point-in-time
Goodwill (Note 5)	`Goodwill`	$477.00M	USD	Point-in-time
Other intangible assets, net (Note 6)	`FiniteLivedIntangibleAssetsNet`	$185.10M	USD	Point-in-time
Other intangible assets, net (Note 6)	`FiniteLivedIntangibleAssetsNet`	$186.30M	USD	Point-in-time
Capitalized acquisition costs, net (Note 7)	`CapitalizedContractCostNetNoncurrent`	$32.80M	USD	Point-in-time
Capitalized acquisition costs, net (Note 7)	`CapitalizedContractCostNetNoncurrent`	$30.20M	USD	Point-in-time
Equipment for lease, net (Note 8)	`OperatingLeaseRightOfUseAsset`	$47.20M	USD	Point-in-time
Equipment for lease, net (Note 8)	`OperatingLeaseRightOfUseAsset`	$36.60M	USD	Point-in-time
Property, plant and equipment, net (Note 9)	`PropertyPlantAndEquipmentNet`	$15.10M	USD	Point-in-time
Property, plant and equipment, net (Note 9)	`PropertyPlantAndEquipmentNet`	$17.50M	USD	Point-in-time
Investments in securities (Note 1)	`EquityMethodInvestments`	$29.50M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$600.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$500.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$745.80M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$837.80M	USD	Point-in-time
Total assets	`Assets`	$1.78B	USD	Point-in-time
Total assets	`Assets`	$1.73B	USD	Point-in-time
Current portion of debt (Note 10)	`LongTermDebtCurrent`	$900.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$116.40M	USD	Point-in-time
Accrued expenses and other current liabilities (Note 11)	`AccruedExpensesAndOtherCurrentLiabilities`	$36.20M	USD	Point-in-time
Accrued expenses and other current liabilities (Note 11)	`AccruedExpensesAndOtherCurrentLiabilities`	$30.10M	USD	Point-in-time
Deferred revenue (Note 3)	`ContractWithCustomerLiabilityCurrent`	$12.00M	USD	Point-in-time
Deferred revenue (Note 3)	`ContractWithCustomerLiabilityCurrent`	$7.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$164.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$99.40M	USD	Point-in-time
Long-term debt (Note 10)	`LongTermDebtNoncurrent`	$1.01B	USD	Point-in-time
Long-term debt (Note 10)	`LongTermDebtNoncurrent`	$1.12B	USD	Point-in-time
Deferred tax liability (Note 13)	`DeferredIncomeTaxLiabilitiesNet`	$600.00K	USD	Point-in-time
Deferred tax liability (Note 13)	`DeferredIncomeTaxLiabilitiesNet`	$2.80M	USD	Point-in-time
Other noncurrent liabilities (Note 4)	`OtherLiabilitiesNoncurrent`	$1.70M	USD	Point-in-time
Other noncurrent liabilities (Note 4)	`OtherLiabilitiesNoncurrent`	$2.10M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.12B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.01B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.28B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.11B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$738.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$601.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.10M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-278.70M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-261.30M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-306.70M	USD	Point-in-time
Total stockholders' equity attributable to Shift4 Payments, Inc.	`StockholdersEquity`	$466.90M	USD	Point-in-time
Total stockholders' equity attributable to Shift4 Payments, Inc.	`StockholdersEquity`	$459.60M	USD	Point-in-time
Total stockholders' equity attributable to Shift4 Payments, Inc.	`StockholdersEquity`	$294.60M	USD	Point-in-time
Noncontrolling interests (Note 19)	`MinorityInterest`	$210.40M	USD	Point-in-time
Noncontrolling interests (Note 19)	`MinorityInterest`	$151.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$446.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$670.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-39.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$466.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-32.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.78B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.73B	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$351.00M	USD	1 Quarter
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$590.30M	USD	2 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$341.20M	USD	2 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$141.80M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$110.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$460.40M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$272.90M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$266.20M	USD	2 Qtrs
Gross profit	`GrossProfit`	$78.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$129.90M	USD	2 Qtrs
Gross profit	`GrossProfit`	$75.00M	USD	2 Qtrs
Gross profit	`GrossProfit`	$31.60M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$105.20M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$109.40M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$51.70M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$88.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$30.90M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$10.40M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$20.90M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$15.50M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.70M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$1.20M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$2.90M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$3.50M	USD	1 Quarter
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$800.00K	USD	1 Quarter
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$2.10M	USD	2 Qtrs
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$2.50M	USD	1 Quarter
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$22.60M	USD	2 Qtrs
Restructuring expenses (Note 4)	`RestructuringCharges`	$100.00K	USD	2 Qtrs
Restructuring expenses (Note 4)	`RestructuringCharges`	$300.00K	USD	2 Qtrs
Restructuring expenses (Note 4)	`RestructuringCharges`	$100.00K	USD	1 Quarter
Other operating (income) expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	$12.40M	USD	2 Qtrs
Other operating (income) expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	$12.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$73.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$88.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$168.50M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$123.20M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$4.90M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-56.80M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-38.60M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-48.20M	USD	2 Qtrs
Loss on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	$-200.00K	USD	2 Qtrs
Loss on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	2 Qtrs
Loss on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$100.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.80M	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.30M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.40M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-75.40M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-51.60M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-80.20M	USD	2 Qtrs
Income tax benefit (Note 13)	`IncomeTaxExpenseBenefit`	$-5.90M	USD	1 Quarter
Income tax benefit (Note 13)	`IncomeTaxExpenseBenefit`	$-600.00K	USD	1 Quarter
Income tax benefit (Note 13)	`IncomeTaxExpenseBenefit`	$-300.00K	USD	2 Qtrs
Income tax benefit (Note 13)	`IncomeTaxExpenseBenefit`	$-5.10M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-51.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-79.90M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-46.50M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$4.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.10M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-74.80M	USD	1 Quarter
Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.10M	USD	Point-in-time
Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-16.90M	USD	2 Qtrs
Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-78.90M	USD	2 Qtrs
Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-73.80M	USD	1 Quarter
Net income (loss) attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-1.00M	USD	1 Quarter
Net income (loss) attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-1.00M	USD	Point-in-time
Net income (loss) attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-29.60M	USD	2 Qtrs
Net income (loss) attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$3.20M	USD	1 Quarter
Net income (loss) attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-1.00M	USD	2 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-51.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-79.90M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-46.50M	USD	2 Qtrs
Net loss	`ProfitLoss`	$4.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.10M	USD	Point-in-time
Net loss	`ProfitLoss`	$-74.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.50M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$51.00M	USD	2 Qtrs
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$2.40M	USD	2 Qtrs
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$2.10M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-200.00K	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.30M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-400.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$5.40M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$8.10M	USD	2 Qtrs
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-7.00M	USD	2 Qtrs
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$200.00K	USD	2 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$100.00K	USD	2 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$400.00K	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$20.60M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$50.00M	USD	2 Qtrs
Other noncash items	`OtherNoncashIncomeExpense`	$-500.00K	USD	2 Qtrs
Other noncash items	`OtherNoncashIncomeExpense`	$100.00K	USD	2 Qtrs
Impact of lease modifications	`ImpactOfLeaseModifications`	$12.40M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$92.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.80M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$600.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$700.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$1.60M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-3.00M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-100.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$50.80M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.60M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.70M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.20M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.50M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$5.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.00M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$40.20M	USD	2 Qtrs
Investments in securities	`PaymentsToAcquireInvestments`	$29.50M	USD	2 Qtrs
Acquisition of equipment to be leased	`PaymentsToAcquireEquipmentOnLease`	$18.90M	USD	2 Qtrs
Customer acquisition costs	`CustomerAcquisitionCosts`	$-12.70M	USD	2 Qtrs
Customer acquisition costs	`CustomerAcquisitionCosts`	$-9.80M	USD	2 Qtrs
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$-8.30M	USD	2 Qtrs
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$-5.10M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.00M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.40M	USD	2 Qtrs
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$400.00K	USD	2 Qtrs
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$900.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-115.50M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.70M	USD	2 Qtrs
Payments for withholding tax related to vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$116.30M	USD	2 Qtrs
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$191.90M	USD	2 Qtrs
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$900.00K	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$400.00K	USD	2 Qtrs
IPO proceeds, net of underwriting discounts and commissions	`InitialPublicOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	$372.90M	USD	2 Qtrs
Proceeds from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$100.00M	USD	2 Qtrs
Offering costs	`PaymentsForOfferingCosts`	$7.20M	USD	2 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$68.50M	USD	2 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$89.50M	USD	2 Qtrs
Payments on contingent liabilities	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.10M	USD	2 Qtrs
Preferred return on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$900.00K	USD	2 Qtrs
Capital distributions	`PaymentsOfCapitalDistribution`	$500.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$250.30M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-117.60M	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-228.10M	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$240.30M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$699.70M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.70M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$244.00M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$927.80M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$699.70M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.70M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$244.00M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$927.80M	USD	Point-in-time

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.10M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$446.20M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$670.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-39.30M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$466.90M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-32.90M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-51.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-79.90M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-46.50M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$4.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.10M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-74.80M	USD	1 Quarter
Net loss prior to Reorganization Transactions, IPO and concurrent private placement	`NetIncomeLossPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$-5.10M	USD	1 Quarter
Net loss prior to Reorganization Transactions, IPO and concurrent private placement	`NetIncomeLossPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$-72.80M	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`	$1.20M	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$900.00K	USD	1 Quarter
Balances prior to Reorganization Transactions, IPO and concurrent private placement	`StockholdersEquityPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$-113.40M	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 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`	2.33M	shares	2 Qtrs
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
Transfer from Founder of right associated with Inspiration4 seat	`AdjustmentsToAdditionalPaidInCapitalTransferFromFounderOfRightAssociatedWithInspirationFourSeat`	$2.10M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.00M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.60M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$50.00M	USD	Point-in-time
Net loss subsequent to Reorganization Transactions, IPO and concurrent private placement	`NetIncomeLossSubsequentToReorganizationTransactionInitialPublicOfferingAndConcurrentPrivatePlacement`	$-2.00M	USD	Point-in-time
Vesting of restricted stock units, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-2.40M	USD	1 Quarter
Vesting of restricted stock units, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-114.00M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.10M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$446.20M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$670.00M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-39.30M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$466.90M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-32.90M	USD	Point-in-time

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