Worldpay, Inc. WP Balance Sheet

Worldpay, inc. (WP)

Balance Sheet / TTM

Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11
Assets
Current assets:
Cash and Cash Equivalents, at Carrying Value
288	107	196	373	367	459	126	92	119	138	139	183	202	82	197	287	400	239	411	371	230	136	171	304	472	141	67	380	308	156	370
Accounts receivable—net
1,681	1,710	1,694	1,600	1,577	1,500	986	899	880	883	940	750	721	710	680	578	576	566	607	529	526	473	472	374	395	401	397	367	359	352	368
Merchant float
-	-	-	1,427	1,873	1,894	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party receivable
-	-	-	-	-	-	-	1	1	1	1	1	4	4	3	6	6	6	6	6	5	5	5	5	4	5	4	4	4	5	4
Settlement assets and merchant float
5,126	4,964	3,132	3,306	1,991	3,578	142	135	144	154	152	150	132	132	143	107	115	146	135	116	512	522	127	473	107	130	429	110	118	71	46
Prepaid expenses
91	83	80	87	81	77	33	48	54	35	39	42	32	39	31	34	25	28	26	29	32	20	18	20	14	17	10	11	11	11	8
Other
567	538	526	549	540	562	84	118	38	28	15	55	69	69	61	17	31	31	27	12	12	9	13	14	12	11	11	17	34	46	20
Total current assets
7,755	7,404	5,629	7,344	6,431	8,063	1,372	1,295	1,239	1,241	1,287	1,184	1,163	1,038	1,117	1,031	1,157	1,018	1,214	1,065	1,318	1,167	807	1,192	1,006	707	921	892	837	643	819
Customer incentives
-	-	-	66	69	68	-	64	65	67	67	65	64	61	57	48	49	39	39	37	36	36	30	28	29	29	28	19	18	17	17
Property, equipment and software—net
1,105	1,093	1,074	1,053	1,032	890	473	470	465	369	348	344	338	313	308	293	305	276	281	279	273	216	217	202	196	176	174	161	157	160	152
Intangible assets—net
2,740	2,983	3,127	3,364	3,505	3,783	678	732	762	750	787	734	764	813	863	910	959	987	1,034	1,114	1,161	780	795	825	827	853	884	837	862	889	916
Goodwill
14,100	14,302	14,137	14,674	14,820	15,188	4,173	4,180	4,163	3,739	3,738	3,366	3,366	3,366	3,366	3,366	3,366	3,293	3,291	3,272	3,259	1,943	1,943	1,943	1,808	1,807	1,804	1,532	1,532	1,532	1,532
Deferred taxes
1,176	1,283	789	789	793	764	739	1,322	721	745	771	622	715	723	731	419	422	426	429	454	459	359	362	377	306	141	141	12	12	12	4
Proceeds from senior unsecured note
-	-	-	0	0	0	1,135	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
219	220	129	67	69	190	94	24	26	31	42	31	31	37	20	39	39	41	44	47	44	30	31	31	36	23	24	24	24	28	47
Total assets
27,097	27,287	24,888	27,361	26,721	28,950	8,667	8,089	7,444	6,944	7,044	6,349	6,443	6,355	6,465	6,110	6,300	6,084	6,336	6,273	6,554	4,534	4,189	4,600	4,211	3,738	3,979	3,479	3,445	3,283	3,489
Liabilities and equity
Current liabilities:
Accounts payable and accrued expenses
1,276	1,147	1,188	1,169	1,112	1,329	631	528	499	464	471	390	379	345	364	319	305	253	299	261	278	209	233	211	215	211	215	213	187	172	193
Related party payable
-	-	-	-	-	-	-	3	3	3	3	3	3	5	4	3	2	2	2	3	2	1	2	2	2	2	1	0	0	0	3
Settlement obligations
5,918	5,680	3,723	5,396	4,561	6,181	816	788	834	762	801	668	635	604	677	496	522	488	501	434	748	722	333	600	310	319	542	248	275	163	208
Current portion of note payable to related party
-	-	-	-	-	-	-	7	7	7	7	5	10	10	10	10	10	10	10	10	10	17	17	17	17	16	28	16	16	16	3
Current portion of notes payable
218	219	225	226	226	223	107	133	123	123	123	92	99	95	106	106	106	106	106	106	106	74	74	74	74	36	63	36	36	36	12
Current portion of tax receivable agreement obligations to related parties
-	-	-	-	-	-	-	261	242	222	191	153	35	35	31	33	33	33	22	23	22	22	8	31	31	31	0	-	-	-	-
Current portion of tax receivable agreement obligations
28	71	73	109	143	179	245	54	54	53	60	59	59	61	64	61	19	20	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income
30	29	25	23	26	32	18	19	18	9	7	12	14	19	14	7	8	9	5	8	9	10	9	9	11	11	9	9	10	9	7
Current maturities of finance lease obligations
20	23	22	25	29	32	8	8	8	7	7	7	8	7	7	8	17	8	8	8	8	4	4	4	4	4	5	5	4	4	4
Other
658	647	630	609	613	571	6	6	6	11	13	16	20	18	13	13	9	9	7	5	2	1	1	1	1	0	1	2	2	5	6
Total current liabilities
8,150	7,818	5,889	7,559	6,714	8,550	1,834	1,811	1,799	1,666	1,689	1,411	1,265	1,204	1,295	1,061	1,036	942	963	860	1,189	1,064	685	955	670	635	869	532	533	408	440
Long-term liabilities:
Note payable to related party
-	-	-	-	-	-	-	170	171	141	143	177	175	178	181	183	186	188	191	194	196	321	325	330	334	288	292	296	300	304	373
Notes payable
6,944	7,269	7,622	7,723	7,860	8,051	5,586	4,421	3,212	2,916	2,946	2,697	2,712	2,737	2,762	2,807	2,834	2,860	3,085	3,111	3,138	1,374	1,392	1,411	1,429	862	871	880	889	898	1,364
Tax receivable agreement obligations to related parties
-	-	-	-	-	-	-	876	288	347	451	317	766	766	801	563	563	563	597	637	638	-	551	-	-	-	-	333	333	333	0
Tax receivable agreement obligations
890	890	590	589	589	506	535	42	39	74	86	82	78	112	126	122	201	138	152	144	137	528	0	782	694	453	484	-	-	-	-
Finance lease obligations
24	28	34	22	26	33	4	6	8	11	13	15	17	19	21	23	36	12	14	17	19	10	12	12	14	7	8	9	9	11	12
Deferred taxes
345	469	473	540	546	716	65	98	94	63	62	33	26	21	15	17	9	31	24	43	32	42	37	22	10	8	8	9	9	9	9
Other
197	199	74	104	109	100	40	46	49	54	44	41	34	36	34	41	38	14	6	21	11	7	8	4	2	1	1	1	0	2	33
Total long-term liabilities
8,400	8,857	8,795	8,980	9,133	9,407	6,232	5,661	3,864	3,608	3,747	3,365	3,812	3,872	3,944	3,760	3,870	3,810	4,072	4,170	4,174	2,284	2,327	2,562	2,486	1,620	1,665	1,529	1,542	1,557	1,793
Total liabilities
16,551	16,675	14,684	16,540	15,847	17,957	8,066	7,472	5,664	5,275	5,436	4,776	5,077	5,077	5,240	4,821	4,906	4,753	5,035	5,030	5,363	3,349	3,013	3,518	3,156	2,255	2,535	2,062	2,075	1,966	2,233
Commitments and contingencies (See Note 9 - Commitments, Contingencies and Guarantees)
-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity:
Preferred stock, $0.00001 par value; 10,000,000 shares authorized; no shares issued and outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Paid-in capital
10,713	10,679	10,135	10,275	10,224	10,030	55	25	765	737	706	709	583	570	553	548	668	658	629	636	623	587	597	535	510	774	766	676	669	664	581
Retained earnings
772	629	593	482	479	482	558	617	786	717	689	641	575	516	476	425	383	347	328	259	229	231	203	160	124	95	69	40	16	-6	51
Accumulated Other Comprehensive Income (Loss), Net of Tax
-805	-568	-731	-144	-43	23	2	-1	-2	-2	-6	-16	-18	-15	-9	-12	-8	-8	-3	-1	-3	-0	0	0	3	-	0	0	-	-	-9
Treasury stock, at cost; 3,573,751 shares at June 30, 2019 and 3,574,553 shares at December 31, 2018
145	138	142	162	158	95	83	82	79	79	73	73	73	73	67	67	66	66	50	49	48	46	33	30	29	27	17	16	14	11	0
Total Worldpay, Inc. equity
10,535	10,601	9,854	10,451	10,502	10,442	532	558	1,470	1,373	1,315	1,261	1,066	998	952	894	976	930	903	845	801	771	767	665	609	842	817	700	671	646	623
Non-controlling interests
10	10	349	370	372	549	68	58	310	295	291	310	299	280	272	394	417	400	397	398	389	413	408	417	445	640	626	716	698	670	632
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
10,545	10,611	10,204	10,821	10,874	10,992	600	617	1,780	1,668	1,607	1,572	1,365	1,278	1,225	1,288	1,393	1,331	1,300	1,243	1,191	1,185	1,176	1,082	1,054	1,482	1,444	1,417	1,369	1,317	1,255
Total liabilities and equity
27,097	27,287	24,888	27,361	26,721	28,950	8,667	8,089	7,444	6,944	7,044	6,349	6,443	6,355	6,465	6,110	6,300	6,084	6,336	6,273	6,554	4,534	4,189	4,600	4,211	3,738	3,979	3,479	3,445	3,283	3,489
Class A Common Stock
Class A common stock, $0.00001 par value; 890,000,000 shares authorized; 311,377,774 shares outstanding at June 30, 2019; 300,454,590 shares outstanding at December 31, 2018, Class B common stock, no par value; 100,000,000 shares authorized; no shares issued and outstanding at June 30, 2019 and 10,252,826 shares issued and outstanding at December 31, 2018
0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class B Common Stock
Class A common stock, $0.00001 par value; 890,000,000 shares authorized; 311,377,774 shares outstanding at June 30, 2019; 300,454,590 shares outstanding at December 31, 2018, Class B common stock, no par value; 100,000,000 shares authorized; no shares issued and outstanding at June 30, 2019 and 10,252,826 shares issued and outstanding at December 31, 2018
0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-