XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

SEGMENT INFORMATION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
SEGMENT INFORMATION |
Schedule of reportable segment results | The following tables present the Company's reportable segment results for the three months ended March 31, 2024 and 2023:
|  | For the Three months ended March 31, 2024
(in millions) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 217.2 |  |  | $ | 257.1 |  |  | $ | 384.6 |  |  | $ | (1.9 | ) |  | $ | 857.0 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs, exclusive of depreciation |  | 131.1 |  |  | 195.1 |  |  | 209.4 |  |  | (1.9 | ) |  | 533.7 |
Salaries and benefits |  | 31.8 |  |  | 24.1 |  |  | 80.7 |  |  | 18.1 |  |  | 154.7 |
Selling, general and administrative |  | 9.2 |  |  | 9.6 |  |  | 50.0 |  |  | 3.1 |  |  | 71.9 |
Depreciation and amortization |  | 23.6 |  |  | 1.7 |  |  | 7.3 |  |  | 0.1 |  |  | 32.7 |
Total operating expenses |  | 195.7 |  |  | 230.5 |  |  | 347.4 |  |  | 19.4 |  |  | 793.0 |
Operating income (loss) |  | $ | 21.5 |  |  | $ | 26.6 |  |  | $ | 37.2 |  |  | $ | (21.3 | ) |  | $ | 64.0 |
|  | For the Three months ended March 31, 2023
(in millions) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 192.2 |  |  | $ | 237.4 |  |  | $ | 359.4 |  |  | $ | (1.8 | ) |  | $ | 787.2 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs, exclusive of depreciation |  | 119.0 |  |  | 178.1 |  |  | 196.3 |  |  | (1.8 | ) |  | 491.6 |
Salaries and benefits |  | 27.5 |  |  | 21.4 |  |  | 74.3 |  |  | 18.7 |  |  | 141.9 |
Selling, general and administrative |  | 16.1 |  |  | 8.8 |  |  | 47.7 |  |  | 2.6 |  |  | 75.2 |
Depreciation and amortization |  | 22.7 |  |  | 1.6 |  |  | 8.5 |  |  | 0.1 |  |  | 32.9 |
Total operating expenses |  | 185.3 |  |  | 209.9 |  |  | 326.8 |  |  | 19.6 |  |  | 741.6 |
Operating income (loss) |  | $ | 6.9 |  |  | $ | 27.5 |  |  | $ | 32.6 |  |  | $ | (21.4 | ) |  | $ | 45.6 |
The following table presents the Company's total assets by reportable segment:
| Total Assets as of
(in millions) | March 31, 2024 |  | December 31, 2023
EFT Processing | $ | 2,554.3 |  |  | $ | 2,442.0 |
epay | 1,008.0 |  |  | 1,204.9 |
Money Transfer | 1,829.4 |  |  | 1,921.2 |
Corporate Services, Eliminations and Other | 301.9 |  |  | 326.3 |
Total | $ | 5,693.6 |  |  | $ | 5,894.4 |
Schedule of Company's revenues disaggregated by segment and region |
|  | Revenues for the Three months ended March 31, 2024 |  | Revenues for the Three months ended March 31, 2023
(in millions) |  | EFT Processing |  | epay |  | Money Transfer |  | Total |  |  | EFT Processing |  |  |  | epay |  |  |  | Money Transfer |  |  |  | Total |
Europe |  | $ | 147.1 |  |  | $ | 166.6 |  |  | $ | 161.2 |  |  | $ | 474.9 |  |  | $ | 134.8 |  |  | $ | 154.9 |  |  | $ | 149.3 |  |  | $ | 439.0 |
North America |  | 17.8 |  |  | 44.3 |  |  | 175.7 |  |  | 237.8 |  |  |  | 18.0 |  |  |  | 35.8 |  |  |  | 165.5 |  |  |  | 219.3 |
Asia Pacific |  | 48.5 |  |  | 28.1 |  |  | 28.3 |  |  | 104.9 |  |  |  | 37.0 |  |  |  | 29.1 |  |  |  | 25.7 |  |  |  | 91.8 |
Other |  | 3.8 |  |  | 18.1 |  |  | 19.4 |  |  | 41.3 |  |  |  | 2.4 |  |  |  | 17.6 |  |  |  | 18.9 |  |  |  | 38.9 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (1.9 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1.8 | )
Total |  | $ | 217.2 |  |  | $ | 257.1 |  |  | $ | 384.6 |  |  | $ | 857.0 |  |  | $ | 192.2 |  |  | $ | 237.4 |  |  | $ | 359.4 |  |  | $ | 787.2 |

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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