Priority Technology Holdings, Inc. (PRTH) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20931600
Cash and cash equivalents20931600
Restricted cash and investments498     
Receivables59443947  
Other undisclosed current assets2683522300
Total current assets:603136948500
Noncurrent Assets
Property, plant and equipment25232417  
Long-term investments and receivables0641  
Accounts and financing receivable, after allowance for credit loss0641  
Intangible assets, net (including goodwill)706205292234  
Goodwill366107110110  
Intangible assets, net (excluding goodwill)34098183125  
Deferred income tax assets84750
Other noncurrent assets9201  
Deferred tax assets, net50  
Other undisclosed noncurrent assets    5555
Total noncurrent assets:7492823703035555
TOTAL ASSETS:1,3524184653895555
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4330272800
Accrued liabilities40322626  
Employee-related liabilities  46  
Settlement liabilities500733811  
Other undisclosed accounts payable and accrued liabilities(498)(75)(41)(15)00
Deferred revenue112
Debt6194300
Other undisclosed current liabilities53498603300
Total current liabilities:584149936400
Noncurrent Liabilities
Long-term debt and lease obligation604358486402  
Long-term debt, excluding current maturities604358486402  
Liabilities, other than long-term debt18107811
Deferred compensation liability, classified    11
Other liabilities181078  
Total noncurrent liabilities:62236849241011
Total liabilities:1,20651658547411
Temporary equity, carrying amount210   4949
Stockholders' equity
Stockholders' equity attributable to parent(64)(99)(126)(85)55
Common stock000000
Treasury stock, value(4)(2)(2)   
Additional paid in capital4064 55
Accumulated deficit(100)(102)(128)(86)(0)(0)
Stockholders' equity attributable to noncontrolling interest  6   
Total stockholders' equity:(64)(99)(121)(85)55
TOTAL LIABILITIES AND EQUITY:1,3524184653895555

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues515404372424  
Cost of revenue(411)(4)(253) (1)(0)
Cost of goods and services sold(360) (253) (1)(0)
Provision for loan, lease, and other losses(3)(4)  
Gross profit:104400119424(1)(0)
Operating expenses(70)(383)(365)(404)(1)(0)
Other undisclosed operating income 4253   
Operating income (loss):3321720(2)(0)
Nonoperating income (expense)(37)61(40)(37)10
Investment income, nonoperating8   00
Other nonoperating income (expense)011(7)  
Interest and debt expense(36)(47)(41)(30)  
Income (loss) from continuing operations before equity method investments, income taxes:(40)35(73)(47)(1)(0)
Loss from equity method investments (0)    
Income (loss) from continuing operations before income taxes:(40)35(73)(47)(1)(0)
Income tax expense (benefit)5(11)(1)2  
Income (loss) before gain (loss) on sale of properties:(35)24(74)(45)(1)(0)
Other undisclosed net income3647    
Net income (loss):171(74)(45)(1)(0)
Net loss attributable to noncontrolling interest (45)    
Other undisclosed net income attributable to parent  413010
Net income (loss) attributable to parent:126(34)(15)(0)(0)
Preferred stock dividends and other adjustments(26)   (0) 
Undistributed earnings (loss) allocated to participating securities, basic   (0) 
Net income (loss) available to common stockholders, diluted:(25)26(34)(15)(0)(0)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):171(74)(45)(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:171(74)(45)(1)(0)

Statements sources

The financial statements are based on the company's filings with the 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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