10-Q Filing

CORPAY, INC. CIK: 1175454 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-013388`
Period End Date	20220331
Filing Date	20220509
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	flt-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 36 Cash Flow Statement 72 Stockholders Equity 18 Comprehensive Income 10

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$86.89M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$98.72M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$87.90M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$118.91M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	475.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.52B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	475.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$730.67M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	127.11M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$791.21M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	127.35M	shares	Point-in-time
Accounts and other receivables (less allowance for credit losses of $118,911 at March 31, 2022 and $98,719 at December 31, 2021)	`AccountsReceivableNetCurrent`	$1.79B	USD	Point-in-time
Accounts and other receivables (less allowance for credit losses of $118,911 at March 31, 2022 and $98,719 at December 31, 2021)	`AccountsReceivableNetCurrent`	$2.30B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	77.34M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	78.88M	shares	Point-in-time
Securitized accounts receivablerestricted for securitization investors	`AccountsReceivableFromSecuritization`	$1.12B	USD	Point-in-time
Securitized accounts receivablerestricted for securitization investors	`AccountsReceivableFromSecuritization`	$1.44B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	50.01M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	48.23M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$346.17M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$326.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.49B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.18B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$236.29M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$254.43M	USD	Point-in-time
Goodwill	`Goodwill`	$5.18B	USD	Point-in-time
Goodwill	`Goodwill`	$5.08B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.31B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.34B	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$71.06M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$52.02M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$224.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$213.93M	USD	Point-in-time
Total assets	`Assets`	$14.22B	USD	Point-in-time
Total assets	`Assets`	$13.40B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.41B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.96B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$369.05M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$376.37M	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCustomerDepositsCurrent`	$1.59B	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCustomerDepositsCurrent`	$1.79B	USD	Point-in-time
Securitization facility	`SecuredDebtCurrent`	$1.12B	USD	Point-in-time
Securitization facility	`SecuredDebtCurrent`	$1.44B	USD	Point-in-time
Current portion of notes payable and lines of credit	`NotesAndLoansPayableCurrent`	$490.98M	USD	Point-in-time
Current portion of notes payable and lines of credit	`NotesAndLoansPayableCurrent`	$399.63M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$208.61M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$244.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.09B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.29B	USD	Point-in-time
Notes payable and other obligations, less current portion	`LongTermNotesAndLoans`	$4.42B	USD	Point-in-time
Notes payable and other obligations, less current portion	`LongTermNotesAndLoans`	$4.46B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$588.66M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$566.29M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$220.05M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$221.39M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$5.25B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$5.23B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 475,000,000 shares authorized; 127,349,188 shares issued and 77,339,047 shares outstanding at March 31, 2022; and 127,113,023 shares issued and 78,879,551 shares outstanding at December 31, 2021	`CommonStockValue`	$127.00K	USD	Point-in-time
Common stock, $0.001 par value; 475,000,000 shares authorized; 127,349,188 shares issued and 77,339,047 shares outstanding at March 31, 2022; and 127,113,023 shares issued and 78,879,551 shares outstanding at December 31, 2021	`CommonStockValue`	$127.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.88B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.92B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.26B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.47B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.26B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.46B	USD	Point-in-time
Less treasury stock, 50,010,141 shares at March 31, 2022 and 48,233,471 shares at December 31, 2021	`TreasuryStockValue`	$4.80B	USD	Point-in-time
Less treasury stock, 50,010,141 shares at March 31, 2022 and 48,233,471 shares at December 31, 2021	`TreasuryStockValue`	$5.23B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.90B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.36B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.30B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$13.40B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.22B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$608.62M	USD	1 Quarter
Revenues, net	`Revenues`	$789.24M	USD	1 Quarter
Processing	`ProcessingExpenses`	$116.43M	USD	1 Quarter
Processing	`ProcessingExpenses`	$174.19M	USD	1 Quarter
Selling	`SellingExpense`	$52.08M	USD	1 Quarter
Selling	`SellingExpense`	$76.89M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$108.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$143.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$76.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$65.73M	USD	1 Quarter
Other operating, net	`OtherOperatingIncomeExpenseNet`	$-113.00K	USD	1 Quarter
Other operating, net	`OtherOperatingIncomeExpenseNet`	$-57.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$265.96M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$317.72M	USD	1 Quarter
Investment loss (gain)	`IncomeLossFromEquityMethodInvestments`	$-152.00K	USD	1 Quarter
Investment loss (gain)	`IncomeLossFromEquityMethodInvestments`	$9.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-869.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.74M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-28.55M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-22.03M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-23.05M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-30.29M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$294.67M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$235.68M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$76.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$51.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$184.24M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$2.80	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$2.21	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$2.75	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$2.15	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.74M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	83.47M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.76M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.29M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$184.24M	USD	1 Quarter
Depreciation	`Depreciation`	$17.62M	USD	1 Quarter
Depreciation	`Depreciation`	$21.14M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$17.75M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$32.63M	USD	1 Quarter
Provision for credit losses on accounts and other receivables	`ProvisionForDoubtfulAccounts`	$2.48M	USD	1 Quarter
Provision for credit losses on accounts and other receivables	`ProvisionForDoubtfulAccounts`	$25.48M	USD	1 Quarter
Amortization of deferred financing costs and discounts	`AmortizationOfFinancingCostsAndDiscounts`	$1.97M	USD	1 Quarter
Amortization of deferred financing costs and discounts	`AmortizationOfFinancingCostsAndDiscounts`	$1.47M	USD	1 Quarter
Amortization of intangible assets and premium on receivables	`AmortizationOfIntangibleAssetsAndInvestmentIncomeAmortizationOfPremium`	$48.10M	USD	1 Quarter
Amortization of intangible assets and premium on receivables	`AmortizationOfIntangibleAssetsAndInvestmentIncomeAmortizationOfPremium`	$55.66M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.50M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.90M	USD	1 Quarter
Investment loss (gain)	`IncomeLossFromEquityMethodInvestments`	$-152.00K	USD	1 Quarter
Investment loss (gain)	`IncomeLossFromEquityMethodInvestments`	$9.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-57.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-113.00K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsReceivable`	$818.97M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsReceivable`	$468.59M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-59.27M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$23.26M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.94M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.61M	USD	1 Quarter
Accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$206.36M	USD	1 Quarter
Accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$381.92M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$77.85M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-112.25M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$43.73M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$35.86M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.39M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.53M	USD	1 Quarter
Proceeds from disposal of investment	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	-	USD	1 Quarter
Proceeds from disposal of investment	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$9.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.25M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.24M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$27.34M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$8.81M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$422.74M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$162.04M	USD	1 Quarter
Borrowings on securitization facility, net	`ProceedsFromRepaymentsOfSecuredDebt`	$318.00M	USD	1 Quarter
Borrowings on securitization facility, net	`ProceedsFromRepaymentsOfSecuredDebt`	$215.00M	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$337.00K	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$45.06M	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$41.19M	USD	1 Quarter
Borrowings from revolver	`ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths`	$490.00M	USD	1 Quarter
Borrowings from revolver	`ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths`	$330.00M	USD	1 Quarter
Payments on revolver	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$400.00M	USD	1 Quarter
Payments on revolver	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$353.85M	USD	1 Quarter
Borrowings (payments) on swing line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.50M	USD	1 Quarter
Borrowings (payments) on swing line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-33.31M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.47M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-49.82M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.58M	USD	1 Quarter
Effect of foreign currency exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.07M	USD	1 Quarter
Effect of foreign currency exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-43.12M	USD	1 Quarter
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-45.10M	USD	1 Quarter
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-161.26M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.09B	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43B	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.48B	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.25B	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.09B	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43B	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.48B	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.25B	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$27.73M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$33.97M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$32.04M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$72.30M	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity beginning balance	`StockholdersEquity`	$2.87B	USD	Point-in-time
Stockholders' Equity beginning balance	`StockholdersEquity`	$2.90B	USD	Point-in-time
Stockholders' Equity beginning balance	`StockholdersEquity`	$3.36B	USD	Point-in-time
Stockholders' Equity beginning balance	`StockholdersEquity`	$3.30B	USD	Point-in-time
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$184.24M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-117.86M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$201.18M	USD	1 Quarter
Acquisition of common stock	`TreasuryStockValueAcquiredCostMethod`	$170.38M	USD	1 Quarter
Acquisition of common stock	`TreasuryStockValueAcquiredCostMethod`	$422.74M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$32.63M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.75M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$8.81M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$27.34M	USD	1 Quarter
Stockholders' Equity ending balance	`StockholdersEquity`	$2.87B	USD	Point-in-time
Stockholders' Equity ending balance	`StockholdersEquity`	$2.90B	USD	Point-in-time
Stockholders' Equity ending balance	`StockholdersEquity`	$3.36B	USD	Point-in-time
Stockholders' Equity ending balance	`StockholdersEquity`	$3.30B	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$184.24M	USD	1 Quarter
Foreign currency translation gains (losses), net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-129.16M	USD	1 Quarter
Foreign currency translation gains (losses), net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$182.95M	USD	1 Quarter
Net change in derivative contracts, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$18.23M	USD	1 Quarter
Net change in derivative contracts, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$11.30M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-117.86M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$201.18M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$419.13M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$66.38M	USD	1 Quarter

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