Priority Technology Holdings Inc. (PRTH) Financial Statements (2024 and earlier)

Company Profile

Business Address 2001 WESTSIDE PARKWAY
ALPHARETTA, GA 30004
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,45420,3009,2413,23415,631172
Cash and cash equivalents18,45420,3009,2413,23415,631172
Restricted cash and investments542,156497,793    
Receivables79,58458,69543,51139,31946,630 
Other undisclosed current assets12,27626,34483,13251,66122,88410
Total current assets:652,470603,132135,88494,21485,145182
Noncurrent Assets
Property, plant and equipment34,68725,23322,87523,51817,482 
Long-term investments and receivables3,1911055,5274,395852 
Accounts and financing receivable, after allowance for credit loss3,1911055,5274,395852 
Intangible assets, net (including goodwill)658,131705,951204,889292,341234,152 
Goodwill369,337365,740106,832109,515109,515 
Intangible assets, net (excluding goodwill)288,794340,21198,057182,826124,637 
Deferred income tax assets16,4478,26546,69749,657
Other noncurrent assets8,4379,2561,9573801,295 
Deferred tax assets, net49,692 
Other undisclosed noncurrent assets      55,082
Total noncurrent assets:720,893748,810281,945370,291303,47355,082
TOTAL ASSETS:1,373,3631,351,942417,829464,505388,61855,264
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:51,86442,52329,82126,96527,638349
Settlement liabilities500,29172,87837,78911,132 
Employee-related liabilities  3,9756,193 
Accrued liabilities25,02939,77131,86526,26525,686 
Other undisclosed accounts payable and accrued liabilities26,835(497,539)(74,922)(41,064)(15,373)349
Deferred revenue 1,2801,4941,912
Debt6,2006,20019,4424,0073,29328
Other undisclosed current liabilities571,937533,56498,09160,12033,12912
Total current liabilities:630,001583,567148,84893,00464,060388
Noncurrent Liabilities
Long-term debt and lease obligation598,926604,105357,873485,578402,095 
Long-term debt, excluding current maturities598,926604,105357,873485,578402,095 
Liabilities, other than long-term debt11,64318,3499,6726,6127,9361,062
Deferred compensation liability, classified      1,062
Other liabilities11,64318,3499,6726,6127,936 
Total noncurrent liabilities:610,569622,454367,545492,190410,0311,062
Total liabilities:1,240,5701,206,021516,393585,194474,0911,450
Temporary equity, carrying amount235,579210,158   48,814
Equity
Equity, attributable to parent(104,041)(64,237)(98,564)(126,343)(85,473)5,000
Common stock76776868672
Treasury stock, value(11,559)(4,091)(2,388)(2,388)  
Additional paid in capital 9,65039,8355,7693,651 5,241
Accumulated other comprehensive loss      
Accumulated deficit(102,208)(100,058)(102,013)(127,674)(85,540)(243)
Equity, attributable to noncontrolling interest1,255  5,654  
Total equity:(102,786)(64,237)(98,564)(120,689)(85,473)5,000
TOTAL LIABILITIES AND EQUITY:1,373,3631,351,942417,829464,505388,61855,264

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues663,641514,901404,342371,854424,415 
Cost of revenue(500,930)(411,346)(4,100)(252,569) (832)
Cost of goods and services sold(436,753)(359,885) (252,569) (832)
Provision for loan, lease, and other losses(4,400)(2,800)(4,100)  
Gross profit:162,711103,555400,242119,285424,415(832)
Operating expenses(106,546)(70,462)(383,481)(364,670)(404,496)(952)
Other undisclosed operating income   4,100252,569  
Operating income (loss):56,16533,09320,8617,18419,919(1,783)
Nonoperating income (expense)(52,965)(36,962)61,097(39,943)(36,719)827
Investment income, nonoperating  7,643   399
Other nonoperating income (expense)589202596710(6,784) 
Interest and debt expense(53,554)(36,485)(46,738)(40,653)(29,935) 
Income (loss) from continuing operations before equity method investments, income taxes:(50,354)(40,354)35,220(73,412)(46,735)(957)
Loss from equity method investments   (211)   
Income (loss) from continuing operations before income taxes:(50,354)(40,354)35,009(73,412)(46,735)(957)
Income tax expense (benefit)(5,350)5,258(10,899)(830)1,759 
Income (loss) from continuing operations:(55,704)(35,096)24,110(74,242)(44,976)(957)
Income (loss) before gain (loss) on sale of properties:(35,096)24,110(74,242)(44,976)(957)
Other undisclosed net income53,55436,48546,949   
Net income (loss):(2,150)1,38971,059(74,242)(44,976)(957)
Net loss attributable to noncontrolling interest   (45,398)   
Other undisclosed net income attributable to parent    40,65329,935832
Net income (loss) attributable to parent:(2,150)1,38925,661(33,589)(15,041)(125)
Preferred stock dividends and other adjustments(36,880)(26,030)   (309)
Undistributed earnings (loss) allocated to participating securities, basic     (45) 
Net income (loss) available to common stockholders, diluted:(39,030)(24,641)25,661(33,589)(15,086)(434)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,150)1,38971,059(74,242)(44,976)(957)
Other undisclosed comprehensive loss      
Comprehensive income (loss), net of tax, attributable to parent:(2,150)1,38971,059(74,242)(44,976)(957)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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