Paysafe Results Presentation Deck
Reconciliation of GAAP net (loss) income to Adjusted net income
Three months ended
Nine months ended
September 30,
September 30,
Paysafe:
($ in thousands) (unaudited)
Net (loss) / income attributable to the Company
Other non operating income, net (1)
Impairment expense on goodwill and intangible assets
Accelerated amortization of debt fees (2)
Amortization of acquired assets (3)
Restructuring and other costs
Loss/ (gain) on disposal of subsidiaries and other assets, net
Share based compensation expense
Discrete tax items (4)
Income tax (benefit) / expense on non-GAAP adjustments (5)
Adjusted net income attributable to the Company
(in millions)
Weighted average shares - diluted
Adjusted diluted impact
Adjusted weighted average shares - diluted
2022
$
$
978 $
(39,802)
4,036
41,479
6,443
699
13,542
4,663
(2,886)
29,152
728.0
728.0
$
2021
(147,200)
(98,036)
322,210
45,005
14,833
8,713
(6,623)
(99,502)
39,400
723.7
0.1
723.8
2022
$ (1,828,944) $
(103,821)
1,886,223
127,028
60,636
1,359
45,248
11,639
(95,414)
$ 103,954
725.7
1.4
727.1
$
2021
(201,250)
(187,302)
324,145
62,262
145,368
22,321
(28)
92,830
15,677
(140,421) (6)
133,602 (6)
723.7
0.3
724.0
Note: The following line items for Q2'22 and YTD'22 have been updated to reflect the provision related to the subsequent event as described on the prior slide (24): Net (loss) / income attributable to the company, restructuring and other
costs, and income tax (benefit)/expense.
(1): Other non operating (income) /expense, net primarily consists of income and expenses outside of the Company's operating activities, including fair value gain on derivative instruments, fair value gain on warrant liabilities and (gain) /
loss on contingent consideration payable and receivables and gain on foreign exchange. For the three months and nine months ended September 30, 2022, this item includes the gain on the repurchase of secured notes.
(2): Accelerated amortization of debt fees represents the non-cash amortization of debt fees relating to the refinancing and debt reduction in 2021.
(3): Amortization of acquired asset represents amortization expense on the fair value of intangible assets acquired through various Company acquisitions, including brands, customer relationships, software and merchant portfolios.
(4):Discrete tax items represents certain amounts within income tax (benefit)/expense, including changes in uncertain tax positions and the remeasurement of certain deferred tax balances due to changes in the statutory tax rates in
certain jurisdictions.
(5): Income tax (benefit) / expense on non-GAAP adjustments reflects the tax impact of the non-GAAP adjustments to net (loss)/income attributable to the Company to calculated adjusted net income.
(6): Upon further review of the adjustments to non-GAAP net (loss)/income, amounts for the nine months ended September 30, 2021 have been updated from amounts previously presented for the six months ended June 30, 2021 to
account for the tax impact related to accelerated debt fees.
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