XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.20.2

Settlement Assets and Obligations | 9 Months Ended
--- | ---
Sep. 30, 2020
Settlement Assets [Abstract] |
SETTLEMENT ASSETS AND OBLIGATIONS | (3) SETTLEMENT ASSETS AND OBLIGATIONS Settlement assets represent funds received or to be received from agents for unsettled money transfers and from merchants for unsettled prepaid transactions. The Company records corresponding settlement obligations relating to amounts payable. Settlement assets consist of cash and cash equivalents, restricted cash, accounts receivable and prepaid expenses and other current assets. Cash received by Euronet agents and merchants generally becomes available to the Company within two weeks after initial receipt by the business partner. Receivables from business partners represent funds collected by such business partners that are in transit to the Company. Settlement obligations consist of money transfers and accounts payable to agents and content providers. Money transfer accounts payable represent amounts to be paid to transferees when they request funds. Most agents typically settle with transferees first then obtain reimbursement from the Company. Money order accounts payable represent amounts not yet presented for payment. Due to the agent funding and settlement process, accounts payable to agents represent amounts due to agents for money transfers that have not been settled with transferees.
|  | As of
(in thousands) |  | September 30, 2020 |  | December 31, 2019
Settlement assets: |  |  |  |
Settlement cash and cash equivalents |  | $ | 272,467 |  |  | $ | 282,188 |
Settlement restricted cash |  | 44,158 |  |  | 49,168 |
Accounts receivable, net of credit losses |  | 434,828 |  |  | 574,410 |
Prepaid expenses and other current assets |  | 124,330 |  |  | 107,301 |
Total settlement assets |  | $ | 875,783 |  |  | $ | 1,013,067 |
Settlement obligations: |  |  |  |
Trade account payables |  | $ | 346,391 |  |  | $ | 504,667 |
Accrued expenses and other current liabilities |  | 529,392 |  |  | 508,400 |
Total settlement obligations |  | $ | 875,783 |  |  | $ | 1,013,067 |
A portion of the Company's credit losses are recorded in the accounts receivable within settlement assets. The balance of credit losses related to accounts receivable within settlement assets was $29.9 million and $24.0 million as of September 30, 2020 and December 31, 2019, respectively. The table below reconciles cash and cash equivalents, restricted cash, ATM cash, settlement cash and cash equivalents, and settlement restricted cash as presented within "Cash and cash equivalents and restricted cash" in the Consolidated Statement of Cash Flows.
|  | As of
(in thousands) |  | September 30, 2020 |  | December 31, 2019 |  | September 30, 2019 |  | December 31, 2018
Cash and cash equivalents |  | $ | 1,008,183 |  |  | $ | 786,081 |  |  | $ | 878,492 |  |  | $ | 385,031 |
Restricted cash |  | 14,204 |  |  | 34,301 |  |  | 21,844 |  |  | 31,237 |
ATM cash |  | 409,683 |  |  | 665,641 |  |  | 603,176 |  |  | 395,378 |
Settlement cash and cash equivalents |  | 272,467 |  |  | 282,188 |  |  | 249,181 |  |  | 273,948 |
Settlement restricted cash |  | 44,158 |  |  | 49,168 |  |  | 42,062 |  |  | 45,358 |
Cash and cash equivalents and restricted cash at end of period |  | $ | 1,748,695 |  |  | $ | 1,817,379 |  |  | $ | 1,794,755 |  |  | $ | 1,130,952 |

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

X
- Definition The entire disclosure for settlement assets and liabilities. + References No definition available. + Details
Name: | eeft_SettlementAssetsAndLiabilitiesDisclosureTextBlock
Namespace Prefix: | eeft_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration