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Shift4 Payments, Inc. (FOUR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K/A10-K/A10-K/A10-K
Revenues:  
    Gross Revenue Contra Account  23.1   
    Subscription and other revenues  109.582.787.875.4
    Point-in-time Revenue  39.030.243.535.1
    Other  1,195.9654.0600.1450.1
Total revenues  1,367.5766.9731.4560.6
            Revenue growth   [+]78.3%4.9%30.5% 
Cost of goods sold  1,089.1589.9558.0419.9
Gross profit  278.4177.0173.4140.7
            Gross margin  20.4%23.1%23.7%25.1%
Selling, general and administrative   [+]265.2194.7133.893.3
Other operating expenses   -12.4  
EBITDA   [+]55.427.062.077.8
            EBITDA margin  4.1%3.5%8.5%13.9%
Depreciation  48.730.714.018.3
EBITA  6.7-3.748.059.5
            EBITA margin  0.5%-0.5%6.6%10.6%
Amortization of intangibles  55.753.548.652.5
EBIT   [+]-49.0-57.2-0.67.0
            EBIT margin  -3.6%-7.5%-0.1%1.2%
Non-recurring items  0.20.43.820.1
Interest expense  28.040.251.547.0
Other income (expense), net   [+]0.1-16.01.00.6
Pre-tax income  -77.1-113.8-54.9-59.5
Income taxes  -3.1-2.41.7-4.1
            Tax rate  4.0%2.1% 6.9%
Minority interest  -25.8-93.0  
Net income  -48.2-18.4-56.6-55.4
            Net margin  -3.5%-2.4%-7.7%-9.9%
   
Basic EPS   [+]($0.88)($0.41)($566.00)($554.00)
Diluted EPS   [+]($0.88)($0.41)($566.00)($554.00)
   
Dividends per share   [+] $0.01$2.00$2.00
   
Shares outstanding (basic)   [+]54.945.00.10.1
Shares outstanding (diluted)   [+]54.945.00.10.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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