← CORPAY, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $452.4m |
$740.2m
+63.62%
|
$811.5m
+9.63%
|
$895.1m
+10.30%
|
$704.2m
-21.32%
|
$839.5m
+19.21%
|
$954.3m
+13.68%
|
$981.9m
+2.89%
|
$1.0b
+2.23%
|
$1.1b
+6.58%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $452.4m |
$740.2m
+63.62%
|
$811.5m
+9.63%
|
$895.1m
+10.30%
|
$704.2m
-21.32%
|
$839.5m
+19.21%
|
$954.3m
+13.68%
|
$981.9m
+2.89%
|
$1.0b
+2.22%
|
$1.1b
+6.44%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | $1.0b | $1.1b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | ($14k) | $2.1m | — | |
| Depreciation and amortization | $203.3m | $264.6m | $274.6m | $274.2m | $254.8m | $284.2m | $322.3m | $336.6m | $351.1m | $393.3m | $442.9m | |
| Amortization of Debt Issuance Costs and Discounts | $7.6m | $7.0m | $5.3m | $5.1m | $6.5m | $6.8m | $7.7m | $7.2m | $8.0m | $21.1m | — | |
| Amortization of Intangible Assets | $161.6m | $211.8m | $216.3m | $206.9m | $184.2m | $205.5m | $227.2m | $225.4m | $230.8m | $261.9m | — | |
| Capitalized Computer Software, Amortization | $17.7m | $21.8m | $24.2m | $37.2m | $40.2m | $46.7m | $59.1m | $77.5m | $78.8m | $102.9m | — | |
| Depreciation | $36.5m | $46.6m | $52.9m | $62.8m | $65.2m | $75.6m | $92.0m | $110.0m | $120.1m | $131.2m | $145.1m | |
| Deferred Income Tax Expense (Benefit) | ($28.7m) | ($247.7m) | ($2.8m) | $37.9m | $15.7m | $11.0m | ($33.2m) | ($46.7m) | ($64.7m) | ($27.9m) | ($56.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $63.9m | $93.3m | $69.9m | $61.0m | $43.4m | $80.1m | $121.4m | $116.1m | $116.7m | $102.6m | $114.9m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $90.0m | $0 | $0 | |
| Income (Loss) from Equity Method Investments | ($36.4m) | ($53.2m) | ($7.1m) | ($3.5m) | $30.0m | $9k | ($1.4m) | $116k | ($239k) | ($25.4m) | — | |
| Nonoperating Income (Expense) | ($111.2m) | $9.8m | $4.4m | ($153.6m) | ($89.7m) | ($133.7m) | ($171.0m) | ($331.9m) | ($402.0m) | ($452.4m) | — | |
| Other Nonoperating Income (Expense) | ($3.0m) | $173.4m | $152.2m | ($93k) | $10.1m | ($3.9m) | ($3.0m) | $16.6m | ($13.7m) | ($47.0m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $338.8m | $431.0m | $159.0m | $196.0m | ($264.1m) | $731.1m | $598.7m | $210.3m | $176.9m | $499.2m | ($420.0m) | |
| Other Operating Income (Expense), Net | $690k | ($61k) | ($8.7m) | ($523k) | $2.0m | $784k | ($282k) | ($753k) | ($789k) | ($2.1m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $705.9m |
$675.7m
-4.28%
|
$903.4m
+33.69%
|
$1.2b
+28.64%
|
$1.5b
+26.72%
|
$1.2b
-18.71%
|
$754.8m
-36.95%
|
$2.1b
+178.37%
|
$1.9b
-7.64%
|
$1.5b
-22.71%
|
$1.8b
+23.16%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $59.0m | $70.1m | $81.4m | $75.2m | $78.4m | $111.5m | $151.4m | $153.8m | $175.2m | $200.8m | ($208.9m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $1.3b | $705.3m | $20.8m | $448.3m | $80.8m | $602.1m | $216.9m | $428.3m | $821.9m | ($1.9b) | ($423.8m) | |
| Payments for (Proceeds from) Other Investing Activities | ($1.4m) | $39.0m | $22.8m | $255k | $0 | $2.3m | $0 | ($4.4m) | ($4.1m) | ($14.6m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($1.4b) | ($497.8m) | ($26.3m) | ($523.7m) | ($106.2m) | ($715.9m) | ($368.3m) | ($380.7m) | ($807.5m) | $1.2b | $1.8b | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $0 | ($3.3m) | ($2.1m) | $0 | $0 | ($16.2m) | ($1.9m) | $0 | ($5.0m) | ($1.6m) | — | |
| Payments for Repurchase of Common Stock | $187.7m | $402.4m | $958.7m | $694.9m | $849.9m | $1.4b | $1.4b | $686.9m | $1.3b | $782.8m | — | |
| Proceeds from Issuance of Common Stock | $21.2m | $44.7m | $55.7m | $168.9m | $136.8m | $48.8m | $49.4m | $113.7m | $428.2m | $67.8m | $98.2m | |
| Proceeds from (Payments for) Other Financing Activities | ($676k) | $457k | $887k | $52k | ($344k) | ($811k) | ($271k) | ($2.3m) | $2.0m | ($928k) | — | |
| Net Cash Provided by (Used in) Financing Activities | $754.0m |
$251.9m
-66.59%
|
($577.8m)
-329.35%
|
($310.2m)
+46.32%
|
($1.4b)
-356.78%
|
$343.9m
+124.27%
|
($311.2m)
-190.49%
|
($898.2m)
-188.60%
|
$405.0m
+145.09%
|
$1.6b
+285.63%
|
$1.1b
-31.89%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $29.1m | $487.1m | $234.0m | $310.3m | ($198.6m) | $774.1m | $38.5m | $852.4m | $1.3b | $4.5b | $10.2b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $29.1m | $487.1m | $1.4b | $1.7b | $1.5b | $2.3b | $2.3b | $3.1b | $4.5b | $9.0b | $10.2b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($42.4m) | $8.7m | ($65.3m) | ($17.9m) | ($148.2m) | ($51.0m) | ($36.7m) | $30.2m | ($223.3m) | $246.6m | ($20.8m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $70.3m | $113.4m | $156.7m | $178.4m | $126.5m | $132.5m | $229.6m | $448.4m | $496.1m | $491.4m | — | |
| Income Taxes Paid, Net | $102.0m | $392.2m | $207.5m | $200.5m | $165.3m | $229.7m | $358.2m | $408.3m | $374.0m | $510.7m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $30.0m | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | $13.0m | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($2.8m) | ($200k) | ($100k) | $700k | $2.9m | ($3.7m) | ($1.7m) | ($4.8m) | ($9.2m) | ($29.8m) | — | |
| Gain (Loss) on Disposition of Business | $0 | $175.0m | $152.8m | $0 | $0 | $0 | $0 | $13.7m | $121.3m | $42.3m | — | |
| General and Administrative Expense | $283.6m | $387.7m | $389.2m | $407.2m | $374.7m | $485.8m | $584.1m | $603.4m | $616.9m | $733.0m | — | |
| Goodwill | $4.2b | $4.7b | $4.5b | $4.8b | $4.7b | $5.1b | $5.2b | $5.6b | $6.0b | $7.6b | $0 | |
| Income Tax Expense (Benefit) | $190.5m | $153.4m | $283.6m | $182.7m | $178.3m | $269.3m | $321.3m | $343.1m | $381.4m | $469.7m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $383.0m | $403.8m | — | |
| Payments of Financing Costs | $2.3m | $12.9m | $4.9m | $2.9m | $2.6m | $38.9m | $10.4m | $376k | $8.5m | $38.8m | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | — | $300.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.