10-K Filing

SHIFT4 PAYMENTS, INC. CIK: 1794669 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001794669-22-000012`
Period End Date	20211231
Filing Date	20220301
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	four-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 60 Cash Flow Statement 145 Stockholders Equity 33

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.00M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.70M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.23B	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $8.0 in 2021 ($5.7 in 2020)	`AccountsReceivableNetCurrent`	$92.70M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $8.0 in 2021 ($5.7 in 2020)	`AccountsReceivableNetCurrent`	$205.90M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $8.0 in 2021 ($5.7 in 2020)	`AccountsReceivableNetCurrent`	$68.60M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$3.50M	USD	Point-in-time
Inventory	`InventoryNet`	$1.50M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Contract assets (Note 4)	`ContractWithCustomerAssetNetCurrent`	$300.00K	USD	Point-in-time
Contract assets (Note 4)	`ContractWithCustomerAssetNetCurrent`	$6.80M	USD	Point-in-time
Contract assets (Note 4)	`ContractWithCustomerAssetNetCurrent`	-	USD	Point-in-time
Prepaid expenses and other current assets (Note 12)	`PrepaidExpenseAndOtherAssetsCurrent`	$11.50M	USD	Point-in-time
Prepaid expenses and other current assets (Note 12)	`PrepaidExpenseAndOtherAssetsCurrent`	$12.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.45B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.03B	USD	Point-in-time
Treasury stock, repurchased (in shares)	`TreasuryStockShares`	378,475.00	shares	Point-in-time
Goodwill (Note 6)	`Goodwill`	$537.70M	USD	Point-in-time
Treasury stock, repurchased (in shares)	`TreasuryStockShares`	0.00	shares	Point-in-time
Goodwill (Note 6)	`Goodwill`	$421.30M	USD	Point-in-time
Goodwill (Note 6)	`Goodwill`	$477.00M	USD	Point-in-time
Other intangible assets, net (Note 7)	`FiniteLivedIntangibleAssetsNet`	$188.50M	USD	Point-in-time
Other intangible assets, net (Note 7)	`FiniteLivedIntangibleAssetsNet`	$186.30M	USD	Point-in-time
Capitalized acquisition costs, net (Note 8)	`CapitalizedContractCostNetNoncurrent`	$35.10M	USD	Point-in-time
Capitalized acquisition costs, net (Note 8)	`CapitalizedContractCostNetNoncurrent`	$30.20M	USD	Point-in-time
Equipment for lease, net (Note 9)	`EquipmentForLeaseNet`	$36.60M	USD	Point-in-time
Equipment for lease, net (Note 9)	`EquipmentForLeaseNet`	$58.40M	USD	Point-in-time
Property, plant and equipment, net (Note 10)	`PropertyPlantAndEquipmentNet`	$15.10M	USD	Point-in-time
Property, plant and equipment, net (Note 10)	`PropertyPlantAndEquipmentNet`	$18.40M	USD	Point-in-time
Right of use assets (Note 15)	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Right of use assets (Note 15)	`OperatingLeaseRightOfUseAsset`	$18.50M	USD	Point-in-time
Investments in securities (Note 2)	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$30.50M	USD	Point-in-time
Investments in securities (Note 2)	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	-	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$1.90M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$600.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$745.80M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$889.00M	USD	Point-in-time
Total assets	`Assets`	$2.34B	USD	Point-in-time
Total assets	`Assets`	$1.78B	USD	Point-in-time
Current portion of debt (Note 11)	`LongTermDebtCurrent`	$900.00K	USD	Point-in-time
Current portion of debt (Note 11)	`LongTermDebtCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.10M	USD	Point-in-time
Accrued expenses and other current liabilities (Note 12)	`AccruedExpensesAndOtherCurrentLiabilities`	$42.90M	USD	Point-in-time
Accrued expenses and other current liabilities (Note 12)	`AccruedExpensesAndOtherCurrentLiabilities`	$30.10M	USD	Point-in-time
Deferred revenue (Note 4)	`ContractWithCustomerLiabilityCurrent`	$8.20M	USD	Point-in-time
Deferred revenue (Note 4)	`ContractWithCustomerLiabilityCurrent`	$15.00M	USD	Point-in-time
Deferred revenue (Note 4)	`ContractWithCustomerLiabilityCurrent`	$7.80M	USD	Point-in-time
Current lease liabilities (Note 15)	`OperatingLeaseLiabilityCurrent`	$4.80M	USD	Point-in-time
Current lease liabilities (Note 15)	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$99.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$183.80M	USD	Point-in-time
Long-term debt (Note 11)	`LongTermDebtNoncurrent`	$1.01B	USD	Point-in-time
Long-term debt (Note 11)	`LongTermDebtNoncurrent`	$1.74B	USD	Point-in-time
Deferred tax liability (Note 14)	`DeferredIncomeTaxLiabilitiesNet`	$300.00K	USD	Point-in-time
Deferred tax liability (Note 14)	`DeferredIncomeTaxLiabilitiesNet`	$2.80M	USD	Point-in-time
Noncurrent lease liabilities (Note 15)	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Noncurrent lease liabilities (Note 15)	`OperatingLeaseLiabilityNoncurrent`	$17.90M	USD	Point-in-time
Other noncurrent liabilities (Note 5)	`OtherLiabilitiesNoncurrent`	$1.70M	USD	Point-in-time
Other noncurrent liabilities (Note 5)	`OtherLiabilitiesNoncurrent`	$2.40M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.01B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.76B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.94B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.11B	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at December 31, 2021 and 2020, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at December 31, 2021 and 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`	$619.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.10M	USD	Point-in-time
Treasury stock, at cost; 378,475 shares and no shares repurchased at December 31, 2021 and 2020, respectively	`TreasuryStockValue`	$21.10M	USD	Point-in-time
Treasury stock, at cost; 378,475 shares and no shares repurchased at December 31, 2021 and 2020, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-325.30M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-278.70M	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`	$272.80M	USD	Point-in-time
Noncontrolling interests (Note 20)	`MinorityInterest`	$210.40M	USD	Point-in-time
Noncontrolling interests (Note 20)	`MinorityInterest`	$126.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$399.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$670.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-32.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.34B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.78B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$731.40M	USD	Annual
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.37B	USD	Annual
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$766.90M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$558.00M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$589.10M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$1.09B	USD	Annual
Gross profit	`GrossProfit`	$173.40M	USD	Annual
Gross profit	`GrossProfit`	$177.80M	USD	Annual
Gross profit	`GrossProfit`	$278.40M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$117.10M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$219.50M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$180.00M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$40.20M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$62.20M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$51.90M	USD	Annual
Professional fees	`ProfessionalFees`	$10.70M	USD	Annual
Professional fees	`ProfessionalFees`	$16.80M	USD	Annual
Professional fees	`ProfessionalFees`	$10.40M	USD	Annual
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$4.00M	USD	Annual
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$6.30M	USD	Annual
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$28.90M	USD	Annual
Restructuring expenses (Note 5)	`RestructuringCharges`	$200.00K	USD	Annual
Restructuring expenses (Note 5)	`RestructuringCharges`	$400.00K	USD	Annual
Restructuring expenses (Note 5)	`RestructuringCharges`	$3.80M	USD	Annual
Transaction-related expenses (Note 12)	`DebtRelatedCommitmentFeesAndDebtIssuanceCosts`	-	USD	Annual
Transaction-related expenses (Note 12)	`DebtRelatedCommitmentFeesAndDebtIssuanceCosts`	$800.00K	USD	Annual
Transaction-related expenses (Note 12)	`DebtRelatedCommitmentFeesAndDebtIssuanceCosts`	-	USD	Annual
Other operating (income) expense, net (Note 4)	`OtherOperatingIncomeExpenseNet`	$12.40M	USD	Annual
Other operating (income) expense, net (Note 4)	`OtherOperatingIncomeExpenseNet`	-	USD	Annual
Other operating (income) expense, net (Note 4)	`OtherOperatingIncomeExpenseNet`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$327.60M	USD	Annual
Total operating expenses	`OperatingExpenses`	$235.40M	USD	Annual
Total operating expenses	`OperatingExpenses`	$177.80M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-4.40M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-57.60M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-49.20M	USD	Annual
Loss on extinguishment of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	1 Quarter
Loss on extinguishment of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$-200.00K	USD	Annual
Loss on extinguishment of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on extinguishment of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$-16.60M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$600.00K	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$300.00K	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	Annual
Interest expense	`InterestExpense`	$28.00M	USD	Annual
Interest expense	`InterestExpense`	$51.50M	USD	Annual
Interest expense	`InterestExpense`	$40.20M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-54.90M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-77.10M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-113.80M	USD	Annual
Income tax benefit (provision) (Note 14)	`IncomeTaxExpenseBenefit`	$-3.10M	USD	Annual
Income tax benefit (provision) (Note 14)	`IncomeTaxExpenseBenefit`	$1.70M	USD	Annual
Income tax benefit (provision) (Note 14)	`IncomeTaxExpenseBenefit`	$-2.40M	USD	Annual
Net loss	`ProfitLoss`	$-74.00M	USD	Annual
Net loss	`ProfitLoss`	$-33.50M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-56.60M	USD	Annual
Net loss	`ProfitLoss`	$-111.40M	USD	Annual
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-93.00M	USD	Annual
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-25.80M	USD	Annual
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-18.40M	USD	Annual
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-48.20M	USD	Annual

Cash Flow Statement 145 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-74.00M	USD	Annual
Net loss	`ProfitLoss`	$-33.50M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-56.60M	USD	Annual
Net loss	`ProfitLoss`	$-111.40M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$62.60M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$84.20M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$104.40M	USD	Annual
Amortization of capitalized financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$4.00M	USD	Annual
Amortization of capitalized financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$5.90M	USD	Annual
Amortization of capitalized financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$5.40M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-200.00K	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-16.60M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.50M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.30M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$200.00K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$5.50M	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$11.30M	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$7.70M	USD	Annual
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-6.10M	USD	Annual
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$15.50M	USD	Annual
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$200.00K	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$1.90M	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$400.00K	USD	Annual
Equity-based compensation expense	`ShareBasedCompensation`	$66.20M	USD	Annual
Equity-based compensation expense	`ShareBasedCompensation`	$40.80M	USD	Annual
Equity-based compensation expense	`ShareBasedCompensation`	-	USD	Annual
Other noncash items	`OtherNoncashIncomeExpense`	$-100.00K	USD	Annual
Other noncash items	`OtherNoncashIncomeExpense`	$400.00K	USD	Annual
Other noncash items	`OtherNoncashIncomeExpense`	$-700.00K	USD	Annual
Impact of lease modifications	`ImpactOfLeaseModifications`	$12.40M	USD	Annual
Impact of lease modifications	`ImpactOfLeaseModifications`	-	USD	Annual
Impact of lease modifications	`ImpactOfLeaseModifications`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.30M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.60M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$120.70M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$2.40M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$300.00K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$600.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$400.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$1.20M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$2.70M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-1.20M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-1.80M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.70M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.30M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$56.50M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.10M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-5.30M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.00M	USD	Annual
Right of use assets and liabilities net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetAndLiabilitiesNet`	$500.00K	USD	Annual
Right of use assets and liabilities net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetAndLiabilitiesNet`	-	USD	Annual
Right of use assets and liabilities net	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetAndLiabilitiesNet`	-	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$700.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.20M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.10M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.70M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.20M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.40M	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$49.80M	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$54.50M	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$60.20M	USD	Annual
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$10.40M	USD	Annual
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$3.90M	USD	Annual
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$3.30M	USD	Annual
Investments in securities	`PaymentsToAcquireInvestments`	-	USD	Annual
Investments in securities	`PaymentsToAcquireInvestments`	$30.50M	USD	Annual
Investments in securities	`PaymentsToAcquireInvestments`	-	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.80M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.20M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.20M	USD	Annual
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$8.40M	USD	Annual
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$21.00M	USD	Annual
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$9.70M	USD	Annual
Customer acquisition costs	`PaymentsToCustomerAcquisitionCosts`	$18.70M	USD	Annual
Customer acquisition costs	`PaymentsToCustomerAcquisitionCosts`	$26.20M	USD	Annual
Customer acquisition costs	`PaymentsToCustomerAcquisitionCosts`	$19.40M	USD	Annual
Acquisition of equipment to be leased	`PaymentsToAcquireEquipmentOnLease`	$14.50M	USD	Annual
Acquisition of equipment to be leased	`PaymentsToAcquireEquipmentOnLease`	$45.90M	USD	Annual
Acquisition of equipment to be leased	`PaymentsToAcquireEquipmentOnLease`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-196.70M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-102.10M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-98.80M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$90.00M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$632.50M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.14B	USD	Annual
Payments for withholding tax related to vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.90M	USD	Annual
Payments for withholding tax related to vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	Annual
Payments for withholding tax related to vesting of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$125.60M	USD	Annual
Repurchases of Class A common stock to treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchases of Class A common stock to treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchases of Class A common stock to treasury stock	`PaymentsForRepurchaseOfCommonStock`	$19.50M	USD	Annual
Deferred financing costs	`PaymentsOfFinancingCosts`	$23.20M	USD	Annual
Deferred financing costs	`PaymentsOfFinancingCosts`	$3.00M	USD	Annual
Deferred financing costs	`PaymentsOfFinancingCosts`	$15.30M	USD	Annual
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$643.60M	USD	Annual
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$900.00K	USD	Annual
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$5.20M	USD	Annual
IPO proceeds, net of underwriting discounts and commissions	`InitialPublicOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	-	USD	Annual
IPO proceeds, net of underwriting discounts and commissions	`InitialPublicOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	-	USD	Annual
IPO proceeds, net of underwriting discounts and commissions	`InitialPublicOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	$372.90M	USD	Annual
Proceeds from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Proceeds from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Proceeds from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$100.00M	USD	Annual
September 2020 follow-on offering proceeds, net of underwriting discounts and commissions	`FollowOnOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	-	USD	Annual
September 2020 follow-on offering proceeds, net of underwriting discounts and commissions	`FollowOnOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	-	USD	Annual
September 2020 follow-on offering proceeds, net of underwriting discounts and commissions	`FollowOnOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	$93.40M	USD	Annual
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$68.50M	USD	Annual
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$68.50M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$91.00M	USD	Annual
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$90.00M	USD	Annual
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$90.00M	USD	Point-in-time
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$89.50M	USD	Point-in-time
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$89.50M	USD	Annual
Offering costs	`PaymentsForOfferingCosts`	-	USD	Annual
Offering costs	`PaymentsForOfferingCosts`	$8.70M	USD	Annual
Offering costs	`PaymentsForOfferingCosts`	-	USD	Annual
Payments on contingent liabilities	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.70M	USD	Annual
Payments on contingent liabilities	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$3.10M	USD	Annual
Payments on contingent liabilities	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	Annual
Preferred return on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	Annual
Preferred return on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$8.50M	USD	Annual
Preferred return on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$900.00K	USD	Annual
Capital distributions	`PaymentsOfCapitalDistribution`	$500.00K	USD	Annual
Capital distributions	`PaymentsOfCapitalDistribution`	-	USD	Annual
Capital distributions	`PaymentsOfCapitalDistribution`	$200.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00B	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$471.20M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$71.00M	USD	Annual
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$924.10M	USD	Annual
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$303.70M	USD	Annual
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.10M	USD	Annual
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.80M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$927.80M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.23B	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.70M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.80M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$927.80M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.23B	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.70M	USD	Point-in-time

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$399.70M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$670.00M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.90M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-32.90M	USD	Point-in-time
Net loss	`ProfitLoss`	$-74.00M	USD	Annual
Net loss	`ProfitLoss`	$-33.50M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-56.60M	USD	Annual
Net loss	`ProfitLoss`	$-111.40M	USD	Annual
Net loss prior to Reorganization Transactions, IPO and concurrent private placement	`NetIncomeLossPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$-77.90M	USD	2 Qtrs
Capital distributions	`DividendsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$500.00K	USD	2 Qtrs
Capital distributions	`DividendsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$200.00K	USD	Annual
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$2.10M	USD	2 Qtrs
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$5.00M	USD	Annual
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	2 Qtrs
Preferred dividends settled with LLC interests	`AdjustmentsToAdditionalPaidInCapitalPreferredDividendsSettledWithInterests`	$2.30M	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$462.60M	USD	2 Qtrs
Allocation of equity to noncontrolling interests	`AllocationOfEquityToNoncontrollingInterests`	-	USD	2 Qtrs
Issuance of common stock for change of control contingent liabilities	`IssuanceOfCommonStockForChangeOfControlContingentLiabilitiesInValue`	$21.10M	USD	2 Qtrs
Issuance of restricted stock units for change of control contingent liabilities	`IssuanceOfRestrictedStockUnitsForChangeOfControlContingentLiabilitiesInValue`	$2.10M	USD	2 Qtrs
Transfer from Founder of right associated with Inspiration4 seat	`AdjustmentsToAdditionalPaidInCapitalTransferFromFounderOfRightAssociatedWithInspirationFourSeat`	$2.10M	USD	Annual
Issuance of Class A common stock for acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$19.20M	USD	2 Qtrs
Issuance of Class A common stock for acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$26.30M	USD	Annual
Repurchases of Class A common stock to treasury stock	`StockRepurchasedDuringPeriodValue`	$21.10M	USD	Annual
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$40.80M	USD	Annual
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$65.90M	USD	2 Qtrs
Vesting of restricted stock units, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-134.50M	USD	Annual
Vesting of restricted stock units, net of tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-3.90M	USD	2 Qtrs
Conversion feature of convertible senior notes, due 2025	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$111.50M	USD	2 Qtrs
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$399.70M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$670.00M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.90M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-32.90M	USD	Point-in-time

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