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Global Payments(GPN) - 2021 Q1 - Quarterly Report
2021-05-04 13:18
Financial Performance - Consolidated revenues for Q1 2021 increased by 4.5% to $1,990.0 million, compared to $1,903.6 million in Q1 2020, driven by increased transaction volumes and consumer spending due to easing COVID-19 restrictions [80]. - Operating income for Q1 2021 rose to $275.3 million, up from $244.0 million in Q1 2020, with an operating margin of 13.8%, compared to 12.8% in the prior year [72]. - Revenues from the Merchant Solutions segment increased by 4.3% to $1,267.9 million, while the Issuer Solutions segment saw a slight decline of 0.7% to $500.3 million [79]. - The Business and Consumer Solutions segment experienced a significant revenue increase of 19.4% to $243.6 million, attributed to higher consumer spending and stimulus payments [83]. - Net income attributable to Global Payments increased to $196.7 million for Q1 2021, compared to $143.6 million in the prior year [92]. - Diluted earnings per share for Q1 2021 was $0.66, an increase from $0.48 in the prior year [93]. - Cash flow from operating activities provided net cash of $599.4 million for Q1 2021, up from $436.6 million in the prior year [99]. Expenses and Costs - Cost of service decreased by 0.9% to $925.2 million, with cost of service as a percentage of revenues improving to 46.5% from 49.1% in the prior year [84]. - Selling, general and administrative expenses rose by 8.8% to $789.5 million, with these expenses as a percentage of revenues increasing to 39.7% from 38.1% [85]. - Corporate expenses for Q1 2021 increased by $44.5 million to $195.1 million, primarily due to acquisition and integration expenses [87]. Shareholder Actions - The company entered into an accelerated share repurchase agreement to repurchase $500 million of common stock, completing the program by March 31, 2021 [72]. - The company repurchased $803.0 million of its common stock during Q1 2021, compared to $421.2 million in the prior year [106]. Debt and Financing - The company issued $1.1 billion of 1.200% senior unsecured notes due February 2026 to fund debt redemption and general corporate purposes [72]. - The company issued $1.1 billion in senior unsecured notes due March 2026 on February 26, 2021 [111]. - As of March 31, 2021, the company had $459.4 million outstanding under settlement lines of credit, with additional capacity to fund settlement of $1,361.5 million [116]. Cash and Liquidity - As of March 31, 2021, the company had cash and cash equivalents totaling $2,082.4 million, with $1,112.6 million available for general purposes [97]. - The company used $96.9 million in investing activities during Q1 2021, primarily for acquisitions and capital expenditures [102]. Future Outlook and Risks - The ongoing effects of COVID-19 are expected to continue impacting revenues and earnings in 2021, although a recovery is anticipated throughout the year [74]. - The company anticipates potential disruptions and costs related to the integration of Global Payments and TSYS, which may impact business operations [123]. - Risks associated with market competition and the ability to expand into new markets are highlighted as critical factors for future growth [123]. - The impact of the COVID-19 pandemic on future revenues and operations remains a significant concern [123]. - Forward-looking statements include expectations for revenues, expenses, operating margins, and earnings per share, reflecting significant risks and uncertainties [122]. - The company does not commit to updating forward-looking statements unless required by law, indicating potential volatility in future projections [124]. Commitments and Obligations - Commitments and contractual obligations increased to a total of $2,064.3 million, with estimated purchase obligations of $404.5 million for the remainder of 2021 [118]. - Estimated purchase obligations include $232.7 million for 2022, $334.0 million for 2023 and 2024, and $339.0 million for 2025 and 2026 [118]. - No off-balance sheet arrangements have been entered into that would materially affect financial condition or results of operations [120]. Compliance and Accounting - The company emphasizes the importance of maintaining compliance with Visa and Mastercard requirements to ensure operational stability [123]. - The company has not adopted any new accounting pronouncements that would materially affect current financial statements [121].
Global Payments(GPN) - 2020 Q4 - Annual Report
2021-02-19 12:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) Georgia 58-2567903 (State or other jurisdiction of incorporation or o ...
Global Payments(GPN) - 2020 Q3 - Quarterly Report
2020-10-29 13:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q 3550 Lenox Road , Atlanta , Georgia 30326 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in chart ...
Global Payments(GPN) - 2020 Q2 - Quarterly Report
2020-08-03 13:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) Georgia 58-2567903 (State or other jurisdic ...
Global Payments(GPN) - 2020 Q1 - Quarterly Report
2020-05-06 13:24
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) Georgia 58-2567903 (State or other jurisdi ...
Global Payments(GPN) - 2019 Q4 - Annual Report
2020-02-21 21:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) (State or other jurisdiction of incorporation or organization) Georgi ...
Global Payments(GPN) - 2019 Q3 - Quarterly Report
2019-10-31 13:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) Georgia 58-2567903 (State or other jur ...
Global Payments(GPN) - 2019 Q2 - Quarterly Report
2019-07-30 13:20
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) Georgia 58-2567903 (State or other jurisdic ...
Global Payments(GPN) - 2019 Q1 - Quarterly Report
2019-05-02 13:15
x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) Georgia 58-2567903 (State or other jurisdi ...