XML 48 R37.htm IDEA: XBRL DOCUMENT v3.23.2
SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Information on segments and reconciliations to consolidated revenues, consolidated operating income (loss) and consolidated depreciation and amortization were as follows for the three and six months ended June 30, 2023 and 2022:
Three Months EndedSix Months Ended
June 30, 2023June 30, 2022June 30, 2023June 30, 2022
(in thousands)
Revenues:(1)
Merchant Solutions$1,842,293 $1,581,716 $3,447,903 $3,054,735 
Issuer Solutions590,441 559,639 1,161,349 1,096,965 
Consumer Solutions39,031 161,629 182,740 330,744 
Intersegment eliminations(19,296)(22,078)(47,076)(45,284)
 Consolidated revenues$2,452,469 $2,280,906 $4,744,916 $4,437,160 
Operating income (loss)(1):
Merchant Solutions$603,548 $535,359 $1,110,757 $979,889 
Issuer Solutions95,701 77,499 178,511 146,641 
Consumer Solutions1,890 21,942 (3,908)44,560 
Corporate(2)
(204,136)(179,372)(486,790)(339,715)
Impairment of goodwill— (833,075)— (833,075)
Net gain (loss) on business dispositions105,738 (152,211)(139,095)(152,211)
Consolidated operating income (loss)$602,741 $(529,858)$659,475 $(153,911)
Depreciation and amortization:(1)
Merchant Solutions$295,058 $248,891 $536,631 $498,852 
Issuer Solutions161,922 155,807 322,775 310,352 
Consumer Solutions— 17,918 — 35,764 
Corporate5,110 4,960 10,022 11,280 
 Consolidated depreciation and amortization$462,090 $427,576 $869,428 $856,248 

(1) Revenues, operating income (loss) and depreciation and amortization reflect the effects of acquired businesses from the respective acquisition dates and the effects of divested businesses through the respective disposal dates. See “Note 2—Acquisition” and “Note 3—Business Dispositions” for further discussion.

(2) Operating loss for Corporate included acquisition and integration expenses of $60.2 million and $61.4 million for the three months ended June 30, 2023 and 2022, respectively. Operating loss for Corporate included acquisition and integration expenses of $148.0 million and $109.5 million for the six months ended June 30, 2023 and 2022, respectively.