XML 66 R55.htm IDEA: XBRL DOCUMENT
v3.25.3

BUSINESS DISPOSITIONS AND DISCONTINUED OPERATIONS (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |  |
Schedule of Income (Loss), Assets And Liabilities And Capital Expenditures Of Discontinued Operations | The following table presents the major classes of line items constituting income from discontinued operations, net of tax, in our consolidated statements of income for the three months ended March 31, 2025 and 2024:
| Three Months Ended |  |
| March 31, 2025 |  | March 31, 2024 |  |  |  |
| (in thousands) |  |  |  |
Revenues | $ | 620,729 |  |  | $ | 602,735 |  |  |  |  |
Operating expenses: |  |  |  |  |  |  |
Cost of service | 444,808 |  |  | 434,201 |  |  |  |  |
Selling, general and administrative | 85,133 |  |  | 75,873 |  |  |  |  |
| 529,941 |  |  | 510,074 |  |  |  |  |
Operating income | 90,788 |  |  | 92,661 |  |  |  |  |
Interest and other expense, net | (7,604) |  |  | (6,869) |  |  |  |  |
Income from discontinued operations before income taxes and equity in income of equity method investments | 83,184 |  |  | 85,792 |  |  |  |  |
Income tax expense | 13,761 |  |  | 12,689 |  |  |  |  |
Income from discontinued operations before equity in income of equity method investments | 69,423 |  |  | 73,103 |  |  |  |  |
Equity in income of equity method investments | 38 |  |  | 33 |  |  |  |  |
Income from discontinued operations, net of tax | 69,461 |  |  | 73,136 |  |  |  |  |
Income from discontinued operations attributable to noncontrolling interests | (808) |  |  | (655) |  |  |  |  |
Income from discontinued operations attributable to Global Payments | $ | 68,653 |  |  | $ | 72,481 |  |  |  |  |
The following table presents the carrying amounts of the major classes of assets and liabilities of discontinued operations as of March 31, 2025 and December 31, 2024:
| March 31, 2025 |  | December 31, 2024
| (in thousands)
Cash and cash equivalents | $ | 181,974 |  |  | $ | 181,982 |
Accounts receivable, net | 317,093 |  |  | 299,434 |
Prepaid expenses and other current assets | 543,020 |  |  | 461,412 |
Current assets of discontinued operations | 1,042,087 |  |  | 942,828 |
Goodwill | 9,518,724 |  |  | 9,508,786 |
Other intangible assets, net | 4,273,729 |  |  | 4,404,561 |
Property and equipment, net | 945,568 |  |  | 882,784 |
Other noncurrent assets | 670,080 |  |  | 641,995 |
Noncurrent assets of discontinued operations | 15,408,101 |  |  | 15,438,126 |
Accounts payable and accrued liabilities | 665,270 |  |  | 595,857 |
Current liabilities of discontinued operations | 665,270 |  |  | 595,857 |
Deferred income taxes | 248,114 |  |  | 258,764 |
Other noncurrent liabilities | 229,521 |  |  | 185,700 |
Noncurrent liabilities of discontinued operations | 477,635 |  |  | 444,464 |
The following table presents selected items affecting the statements of cash flows:
| Three Months Ended
| March 31, 2025 |  | March 31, 2024
| (in thousands)
Depreciation and amortization of property and equipment | $ | 28,473 |  |  | $ | 30,447 |
Amortization of acquired intangibles | 135,184 |  |  | 133,724 |
Capital expenditures | 49,245 |  |  | 42,153 |
| The following table presents the major classes of line items constituting income from discontinued operations, net of tax, in our consolidated statements of income for the years ended December 31, 2024, 2023 and 2022:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in thousands)
Revenues | $ | 2,483,657 |  |  | $ | 2,401,094 |  |  | $ | 2,245,506 |
Operating expenses: |  |  |  |  |
Cost of service | 1,795,319 |  |  | 1,740,187 |  |  | 1,636,934 |
Selling, general and administrative | 359,928 |  |  | 284,090 |  |  | 277,938 |
| 2,155,247 |  |  | 2,024,277 |  |  | 1,914,872 |
Operating income | 328,410 |  |  | 376,817 |  |  | 330,634 |
Interest and other (expense) income, net | (22,519) |  |  | (16,783) |  |  | 1,717 |
Income from discontinued operations before income taxes and equity in income of equity method investments | 305,891 |  |  | 360,034 |  |  | 332,351 |
Income tax expense | 56,064 |  |  | 15,073 |  |  | 40,897 |
Income from discontinued operations before equity in income of equity method investments | 249,827 |  |  | 344,961 |  |  | 291,454 |
Equity in income of equity method investments | 319 |  |  | 444 |  |  | 510 |
Income from discontinued operations, net of tax | 250,146 |  |  | 345,405 |  |  | 291,964 |
Income from discontinued operations attributable to noncontrolling interests | (3,492) |  |  | (3,100) |  |  | (2,752) |
Income from discontinued operations attributable to Global Payments | $ | 246,654 |  |  | $ | 342,305 |  |  | $ | 289,212 |
The following table presents the carrying amounts of the major classes of assets and liabilities of discontinued operations as of December 31, 2024 and 2023:
| December 31, 2024 |  | December 31, 2023
| (in thousands)
Cash and cash equivalents | $ | 181,982 |  |  | $ | 181,956 |
Accounts receivable, net | 299,434 |  |  | 322,984 |
Prepaid expenses and other current assets | 461,412 |  |  | 386,763 |
Current assets of discontinued operations | 942,828 |  |  | 891,703 |
Goodwill | 9,508,786 |  |  | 9,516,695 |
Other intangible assets, net | 4,404,561 |  |  | 4,942,419 |
Property and equipment, net | 882,784 |  |  | 835,050 |
Other noncurrent assets | 641,995 |  |  | 637,940 |
Noncurrent assets of discontinued operations | 15,438,126 |  |  | 15,932,104 |
Accounts payable and accrued liabilities | 595,857 |  |  | 549,461 |
Current liabilities of discontinued operations | 595,857 |  |  | 549,461 |
Deferred income taxes | 258,764 |  |  | 277,796 |
Other noncurrent liabilities | 185,700 |  |  | 194,304 |
Noncurrent liabilities of discontinued operations | 444,464 |  |  | 472,100 |
Cash flows related to discontinued operations are included in our consolidated statements of cash flows for the years ended December 31, 2024, 2023 and 2022. The following table presents selected items affecting the statements of cash flows:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in thousands)
Depreciation and amortization of property and equipment | $ | 123,292 |  |  | $ | 119,873 |  |  | $ | 109,250 |
Amortization of acquired intangibles | 535,013 |  |  | 527,336 |  |  | 515,915 |
Capital expenditures | 179,661 |  |  | 130,949 |  |  | 157,478 |

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

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration