XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.24.3

Summary of Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Accounting Policies [Abstract] |
Schedule of Foreign Exchange Gains/Losses on Long-Term Intra-Equity Transactions | The Company recognized foreign exchange losses (gains), which are recorded within Other (income) expense, net in the Unaudited Consolidated Statements of Income, for the three and nine months ended September 30, 2024 and 2023 as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Foreign exchange losses (gains) | $ | (1.2) |  |  | $ | 6.4 |  |  | $ | 5.8 |  |  | $ | 6.2 |
The Company recorded foreign currency losses and gains on long-term intra-entity transactions included as a component of foreign currency translation gains (losses), net of tax, in the Unaudited Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2024 and 2023 as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Foreign currency losses (gains) on long-term intra-entity transactions | $ | 67.4 |  |  | $ | (31.0) |  |  | $ | 148.2 |  |  | $ | (43.4) |
Schedule of Cash and Cash Equivalents | The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to amounts within the Unaudited Consolidated Statements of Cash Flows (in millions).
| September 30, 2024 |  | December 31, 2023 |  | September 30, 2023 |  | December 31, 2022
Cash and cash equivalents | $ | 1,303,464 |  |  | $ | 1,389,648 |  |  | $ | 1,094,234 |  |  | $ | 1,435,163 |
Restricted cash | 2,851,547 |  |  | 1,751,887 |  |  | 1,702,040 |  |  | 854,017 |
Total cash and cash equivalents and restricted cash | $ | 4,155,011 |  |  | $ | 3,141,535 |  |  | $ | 2,796,274 |  |  | $ | 2,289,180 |
Restrictions on Cash and Cash Equivalents | The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to amounts within the Unaudited Consolidated Statements of Cash Flows (in millions).
| September 30, 2024 |  | December 31, 2023 |  | September 30, 2023 |  | December 31, 2022
Cash and cash equivalents | $ | 1,303,464 |  |  | $ | 1,389,648 |  |  | $ | 1,094,234 |  |  | $ | 1,435,163 |
Restricted cash | 2,851,547 |  |  | 1,751,887 |  |  | 1,702,040 |  |  | 854,017 |
Total cash and cash equivalents and restricted cash | $ | 4,155,011 |  |  | $ | 3,141,535 |  |  | $ | 2,796,274 |  |  | $ | 2,289,180 |
Disaggregation of Revenue | Revenues, net by segment for the three and nine months ended September 30, 2024 and 2023 was as follows (in millions, except percentages):
Revenues, net by Segment* | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | % |  | 2023 |  | % |  | 2024 |  | % |  | 2023 |  | %
Vehicle Payments | $ | 506.8 |  |  | 49 | % |  | $ | 500.6 |  |  | 52 | % |  | $ | 1,511.1 |  |  | 51 | % |  | $ | 1,505.8 |  |  | 53 | %
Corporate Payments | 321.9 |  |  | 31 | % |  | 257.8 |  |  | 27 | % |  | 875.7 |  |  | 30 | % |  | 730.0 |  |  | 26 | %
Lodging Payments | 134.0 |  |  | 13 | % |  | 141.4 |  |  | 15 | % |  | 367.7 |  |  | 13 | % |  | 400.3 |  |  | 14 | %
Other | 66.5 |  |  | 6 | % |  | 71.0 |  |  | 7 | % |  | 185.6 |  |  | 6 | % |  | 184.3 |  |  | 7 | %
Consolidated revenues, net | $ | 1,029.2 |  |  | 100 | % |  | $ | 970.9 |  |  | 100 | % |  | $ | 2,940.2 |  |  | 100 | % |  | $ | 2,820.4 |  |  | 100 | %
*Columns may not calculate due to rounding. Revenue by geography for the three and nine months ended September 30, 2024 and 2023 was as follows (in millions, except percentages):
Revenues, net by Geography* | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | % |  | 2023 |  | % |  | 2024 |  | % |  | 2023 |  | %
United States | $ | 572.5 |  |  | 56 | % |  | $ | 561.4 |  |  | 58 | % |  | $ | 1,605.7 |  |  | 55 | % |  | $ | 1,609.8 |  |  | 57 | %
Brazil | 144.9 |  |  | 14 | % |  | 134.2 |  |  | 14 | % |  | 442.4 |  |  | 15 | % |  | 382.0 |  |  | 14 | %
United Kingdom | 131.3 |  |  | 13 | % |  | 114.5 |  |  | 12 | % |  | 377.2 |  |  | 13 | % |  | 333.4 |  |  | 12 | %
Other | 180.5 |  |  | 18 | % |  | 160.8 |  |  | 17 | % |  | 514.9 |  |  | 18 | % |  | 495.2 |  |  | 18 | %
Consolidated revenues, net | $ | 1,029.2 |  |  | 100 | % |  | $ | 970.9 |  |  | 100 | % |  | $ | 2,940.2 |  |  | 100 | % |  | $ | 2,820.4 |  |  | 100 | %
*Columns may not calculate due to rounding.
Schedule of Derivative Assets at Fair Value | The following table presents the Company’s spot trade assets and liabilities at their fair value at September 30, 2024 and December 31, 2023 (in millions):
| September 30, 2024 |  | December 31, 2023
| Gross |  | Offset on the Balance Sheet |  | Net |  | Gross |  | Offset on the Balance Sheet |  | Net
Assets |  |  |  |  |  |  |  |  |  |  |
Accounts Receivable | $ | 3,630.2 |  |  | $ | (3,424.7) |  |  | $ | 205.5 |  |  | $ | 2,499.9 |  |  | $ | (2,373.8) |  |  | $ | 126.1 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 3,510.4 |  |  | $ | (3,424.7) |  |  | $ | 85.7 |  |  | $ | 2,457.3 |  |  | $ | (2,373.8) |  |  | $ | 83.5 |
The following table presents the fair value of the Company’s derivative assets and liabilities, as well as their classification on the accompanying Consolidated Balance Sheets, as of September 30, 2024 and December 31, 2023 (in millions):
|  |  | September 30, 2024 |  | December 31, 2023
| Balance Sheet Classification |  | Fair Value
Derivative Assets | Prepaid expenses and other current assets |  | $ | 343.3 |  |  | $ | 254.2 |
Derivative Assets | Other assets |  | $ | 132.2 |  |  | $ | 66.0 |
Derivative Liabilities | Other current liabilities |  | $ | 261.5 |  |  | $ | 190.4 |
Derivative Liabilities | Other noncurrent liabilities |  | $ | 125.4 |  |  | $ | 54.3 |
Schedule of Derivative Liabilities at Fair Value | The following table presents the Company’s spot trade assets and liabilities at their fair value at September 30, 2024 and December 31, 2023 (in millions):
| September 30, 2024 |  | December 31, 2023
| Gross |  | Offset on the Balance Sheet |  | Net |  | Gross |  | Offset on the Balance Sheet |  | Net
Assets |  |  |  |  |  |  |  |  |  |  |
Accounts Receivable | $ | 3,630.2 |  |  | $ | (3,424.7) |  |  | $ | 205.5 |  |  | $ | 2,499.9 |  |  | $ | (2,373.8) |  |  | $ | 126.1 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 3,510.4 |  |  | $ | (3,424.7) |  |  | $ | 85.7 |  |  | $ | 2,457.3 |  |  | $ | (2,373.8) |  |  | $ | 83.5 |
The following table presents the fair value of the Company’s derivative assets and liabilities, as well as their classification on the accompanying Consolidated Balance Sheets, as of September 30, 2024 and December 31, 2023 (in millions):
|  |  | September 30, 2024 |  | December 31, 2023
| Balance Sheet Classification |  | Fair Value
Derivative Assets | Prepaid expenses and other current assets |  | $ | 343.3 |  |  | $ | 254.2 |
Derivative Assets | Other assets |  | $ | 132.2 |  |  | $ | 66.0 |
Derivative Liabilities | Other current liabilities |  | $ | 261.5 |  |  | $ | 190.4 |
Derivative Liabilities | Other noncurrent liabilities |  | $ | 125.4 |  |  | $ | 54.3 |

X
- Definition Schedule Of Foreign Exchange Gains/Losses on LongTerm IntraEquity Transactions [Table Text Block] + References No definition available. + Details
Name: | cpay_ScheduleOfForeignExchangeGainsLossesOnLongTermIntraEquityTransactionsTableTextBlock
Namespace Prefix: | cpay_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative assets at fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 8 -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration