10-Q Filing

SHIFT4 PAYMENTS, INC. CIK: 1794669 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001794669-21-000007`
Period End Date	20210930
Filing Date	20211112
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	four-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 78 Cash Flow Statement 98 Stockholders Equity 55

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.70M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.40M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$927.80M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.29B	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $13.4 in 2021 ($5.7 in 2020) (Note 3)	`AccountsReceivableNetCurrent`	$184.40M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $13.4 in 2021 ($5.7 in 2020) (Note 3)	`AccountsReceivableNetCurrent`	$92.70M	USD	Point-in-time
Inventory	`InventoryNet`	$1.50M	USD	Point-in-time
Inventory	`InventoryNet`	$2.00M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets (Note 11)	`PrepaidExpenseAndOtherAssetsCurrent`	$11.50M	USD	Point-in-time
Prepaid expenses and other current assets (Note 11)	`PrepaidExpenseAndOtherAssetsCurrent`	$13.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.03B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.49B	USD	Point-in-time
Goodwill (Note 5)	`Goodwill`	$537.60M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	80.55M	shares	Point-in-time
Goodwill (Note 5)	`Goodwill`	$477.00M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	82.92M	shares	Point-in-time
Other intangible assets, net (Note 6)	`FiniteLivedIntangibleAssetsNet`	$188.30M	USD	Point-in-time
Other intangible assets, net (Note 6)	`FiniteLivedIntangibleAssetsNet`	$186.30M	USD	Point-in-time
Capitalized acquisition costs, net (Note 7)	`CapitalizedContractCostNetNoncurrent`	$34.30M	USD	Point-in-time
Capitalized acquisition costs, net (Note 7)	`CapitalizedContractCostNetNoncurrent`	$30.20M	USD	Point-in-time
Equipment for lease, net (Note 8)	`OperatingLeaseRightOfUseAsset`	$36.60M	USD	Point-in-time
Equipment for lease, net (Note 8)	`OperatingLeaseRightOfUseAsset`	$56.30M	USD	Point-in-time
Property, plant and equipment, net (Note 9)	`PropertyPlantAndEquipmentNet`	$17.80M	USD	Point-in-time
Property, plant and equipment, net (Note 9)	`PropertyPlantAndEquipmentNet`	$15.10M	USD	Point-in-time
Investments in securities (Note 1)	`EquityMethodInvestments`	-	USD	Point-in-time
Investments in securities (Note 1)	`EquityMethodInvestments`	$29.50M	USD	Point-in-time
Deferred tax asset (Note 13)	`DeferredIncomeTaxAssetsNet`	$1.50M	USD	Point-in-time
Deferred tax asset (Note 13)	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$600.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$2.10M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$867.40M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$745.80M	USD	Point-in-time
Total assets	`Assets`	$2.36B	USD	Point-in-time
Total assets	`Assets`	$1.78B	USD	Point-in-time
Current portion of debt (Note 10)	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of debt (Note 10)	`LongTermDebtCurrent`	$900.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$125.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.60M	USD	Point-in-time
Accrued expenses and other current liabilities (Note 11)	`AccruedExpensesAndOtherCurrentLiabilities`	$37.40M	USD	Point-in-time
Accrued expenses and other current liabilities (Note 11)	`AccruedExpensesAndOtherCurrentLiabilities`	$30.10M	USD	Point-in-time
Deferred revenue (Note 3)	`ContractWithCustomerLiabilityCurrent`	$7.80M	USD	Point-in-time
Deferred revenue (Note 3)	`ContractWithCustomerLiabilityCurrent`	$16.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$99.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$180.00M	USD	Point-in-time
Long-term debt (Note 10)	`LongTermDebtNoncurrent`	$1.01B	USD	Point-in-time
Long-term debt (Note 10)	`LongTermDebtNoncurrent`	$1.74B	USD	Point-in-time
Deferred tax liability (Note 13)	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Deferred tax liability (Note 13)	`DeferredIncomeTaxLiabilitiesNet`	$2.80M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.70M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$2.90M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.74B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.01B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.11B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.92B	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, $0.0001 par value, 20,000,000 shares authorized at September 30, 2021 and December 31, 2020, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at September 30, 2021 and December 31, 2020, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$738.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$614.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.10M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-315.90M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-278.70M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-266.30M	USD	Point-in-time
Total stockholders' equity attributable to Shift4 Payments, Inc.	`StockholdersEquity`	$298.40M	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`	$553.90M	USD	Point-in-time
Noncontrolling interests (Note 19)	`MinorityInterest`	$137.00M	USD	Point-in-time
Noncontrolling interests (Note 19)	`MinorityInterest`	$210.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$435.40M	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`	$549.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$446.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$553.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-32.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$670.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.78B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.36B	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$214.80M	USD	1 Quarter
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$556.00M	USD	3 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$377.80M	USD	1 Quarter
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$968.10M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$773.80M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$163.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$313.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$429.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$194.30M	USD	3 Qtrs
Gross profit	`GrossProfit`	$64.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$126.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$51.50M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$144.80M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$153.30M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$35.40M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$48.10M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$45.90M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$16.20M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$15.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$37.10M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$13.00M	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`	$26.10M	USD	3 Qtrs
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$800.00K	USD	1 Quarter
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$2.90M	USD	3 Qtrs
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$3.50M	USD	1 Quarter
Restructuring expenses (Note 4)	`RestructuringCharges`	$200.00K	USD	3 Qtrs
Restructuring expenses (Note 4)	`RestructuringCharges`	$100.00K	USD	1 Quarter
Restructuring expenses (Note 4)	`RestructuringCharges`	$100.00K	USD	1 Quarter
Restructuring expenses (Note 4)	`RestructuringCharges`	$400.00K	USD	3 Qtrs
Other operating (income) expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	$12.40M	USD	3 Qtrs
Other operating (income) expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	-	USD	3 Qtrs
Other operating (income) expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Other operating (income) expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$238.50M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$55.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$70.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$178.60M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-44.20M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-52.10M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.60M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.90M	USD	1 Quarter
Loss on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	3 Qtrs
Loss on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	$-200.00K	USD	3 Qtrs
Loss on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$500.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$600.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$20.20M	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$32.10M	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.50M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.80M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-90.70M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-64.40M	USD	3 Qtrs
Income tax (expense) benefit (Note 13)	`IncomeTaxExpenseBenefit`	$1.00M	USD	1 Quarter
Income tax (expense) benefit (Note 13)	`IncomeTaxExpenseBenefit`	$-4.10M	USD	3 Qtrs
Income tax (expense) benefit (Note 13)	`IncomeTaxExpenseBenefit`	$-700.00K	USD	1 Quarter
Income tax (expense) benefit (Note 13)	`IncomeTaxExpenseBenefit`	$-1.00M	USD	3 Qtrs
Net loss	`ProfitLoss`	$4.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-89.70M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-60.30M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-51.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.80M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.80M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.60M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-21.50M	USD	3 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-83.70M	USD	3 Qtrs
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-38.80M	USD	3 Qtrs
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-6.00M	USD	3 Qtrs
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-5.00M	USD	1 Quarter
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-9.20M	USD	1 Quarter

Cash Flow Statement 98 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$4.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-89.70M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-60.30M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-51.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$59.70M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$76.80M	USD	3 Qtrs
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$2.90M	USD	3 Qtrs
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$4.10M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-200.00K	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-4.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.10M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$6.90M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$10.30M	USD	3 Qtrs
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$200.00K	USD	3 Qtrs
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-5.90M	USD	3 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$400.00K	USD	3 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$26.90M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$56.20M	USD	3 Qtrs
Other noncash items	`OtherNoncashIncomeExpense`	$-1.00M	USD	3 Qtrs
Other noncash items	`OtherNoncashIncomeExpense`	$300.00K	USD	3 Qtrs
Impact of lease modifications	`ImpactOfLeaseModifications`	$12.40M	USD	3 Qtrs
Impact of lease modifications	`ImpactOfLeaseModifications`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$98.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.30M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	-	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$600.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpensesOther`	$2.90M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpensesOther`	$1.40M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-100.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-2.90M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.90M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$59.10M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.30M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-5.50M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.30M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.80M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.60M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$54.20M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of equipment to be leased	`PaymentsToAcquireEquipmentOnLease`	$35.30M	USD	3 Qtrs
Acquisition of equipment to be leased	`PaymentsToAcquireEquipmentOnLease`	$5.80M	USD	3 Qtrs
Investments in securities	`PaymentsToAcquireInvestments`	$29.50M	USD	3 Qtrs
Investments in securities	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Customer acquisition costs	`PaymentsToCustomerAcquisitionCosts`	$14.40M	USD	3 Qtrs
Customer acquisition costs	`PaymentsToCustomerAcquisitionCosts`	$19.30M	USD	3 Qtrs
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$7.00M	USD	3 Qtrs
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$13.00M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.60M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.30M	USD	3 Qtrs
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$4.40M	USD	3 Qtrs
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$2.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.90M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-162.00M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$632.50M	USD	3 Qtrs
Payments for withholding tax related to vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$119.70M	USD	3 Qtrs
Payments for withholding tax related to vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$15.20M	USD	3 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$500.00K	USD	3 Qtrs
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$192.80M	USD	3 Qtrs
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$900.00K	USD	3 Qtrs
IPO proceeds, net of underwriting discounts and commissions	`InitialPublicOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	-	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
Proceeds from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	3 Qtrs
September follow-on offering proceeds, net of underwriting discounts and commissions	`ProceedsFromIssuanceOfCommonStock`	$93.40M	USD	3 Qtrs
September follow-on offering proceeds, net of underwriting discounts and commissions	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Offering costs	`PaymentsForOfferingCosts`	-	USD	3 Qtrs
Offering costs	`PaymentsForOfferingCosts`	$9.10M	USD	3 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$68.50M	USD	3 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$89.50M	USD	3 Qtrs
Payments on contingent liabilities	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	3 Qtrs
Payments on contingent liabilities	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.40M	USD	3 Qtrs
Preferred return on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Preferred return on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$900.00K	USD	3 Qtrs
Capital distributions	`PaymentsOfCapitalDistribution`	-	USD	3 Qtrs
Capital distributions	`PaymentsOfCapitalDistribution`	$500.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$496.70M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$340.10M	USD	3 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$360.30M	USD	3 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$325.20M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.70M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.29B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$927.80M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$328.90M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.70M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.29B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$927.80M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$328.90M	USD	Point-in-time

Stockholders Equity 55 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$435.40M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-39.30M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$466.90M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.10M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$446.20M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$553.90M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-32.90M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$670.00M	USD	Point-in-time
Net loss	`ProfitLoss`	$4.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-89.70M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-60.30M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-51.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-13.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.80M	USD	1 Quarter
Issuance of Class A common stock and fair value of equity-based compensation awards assumed in connection with VenueNext acquisition	`StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRequisiteServicePeriodRecognitionValueInConnectionWithAcquisition`	$26.30M	USD	1 Quarter
Issuance of Class A common stock and fair value of equity-based compensation awards assumed in connection with VenueNext acquisition	`StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRequisiteServicePeriodRecognitionValueInConnectionWithAcquisition`	-	USD	1 Quarter
Transfer from Founder of right associated with Inspiration4 seat	`AdjustmentsToAdditionalPaidInCapitalTransferFromFounderOfRightAssociatedWithInspirationFourSeat`	$2.10M	USD	1 Quarter
Exchange of shares held by Searchlight	`ConversionOfStockAmountConverted1`	-	USD	1 Quarter
Exchange of shares held by Searchlight	`ConversionOfStockAmountConverted1`	-	USD	1 Quarter
Exchange of shares held by Searchlight	`ConversionOfStockAmountConverted1`	-	USD	1 Quarter
Exchange of shares held by Searchlight	`ConversionOfStockAmountConverted1`	-	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.40M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.60M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.00M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.20M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$50.00M	USD	Point-in-time
Vesting of restricted stock units, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.40M	USD	1 Quarter
Vesting of restricted stock units, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-114.00M	USD	1 Quarter
Vesting of restricted stock units, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-2.40M	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`	$900.00K	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$1.20M	USD	1 Quarter
Balances at June 4, 2020 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 shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.37M	shares	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$91.80M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$463.80M	USD	Point-in-time
Allocation of equity to noncontrolling interests	`AllocationOfEquityToNoncontrollingInterests`	-	USD	Point-in-time
Allocation of equity to noncontrolling interests	`AllocationOfEquityToNoncontrollingInterests`	-	USD	1 Quarter
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
Net loss subsequent to Reorganization Transactions, IPO and concurrent private placement	`NetIncomeLossSubsequentToReorganizationTransactionInitialPublicOfferingAndConcurrentPrivatePlacement`	$-2.00M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$435.40M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-39.30M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$466.90M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$549.10M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$446.20M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$553.90M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-32.90M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$670.00M	USD	Point-in-time

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