Paysafe Results Presentation Deck
Operating Cash Flow to Free Cash Flow Reconciliation
Paysafe:
($ in thousands) (unaudited)
Net cash (outflows)/ inflows from operating activities
Capital Expenditure
Cash paid for interest
(1)
(2)
Payments relating to Restructuring and other costs
Movement in Customer Accounts and other restricted cash
(3)
Free Cash Flow
Adjusted EBITDA
Free Cash Flow Conversion
$
Three months ended
June 30,
2021
(7,730) $
(23,215)
19,011
725
65,805
54,596
118,804
46%
$
2020
123,463
(14,848)
19,560
7,282
(39,219)
96,238
110,375
87%
$
Six months ended
June 30,
2021
41,010
(38,621)
55,864
4,180
100,691
163,124
232,034
70%
$
$
2020
135,042
(29,756)
57,846
12,124
5,369
180,625
223,145
81%
(1) Includes purchases of property plant & equipment and purchases of other intangible assets, including software development costs. Capital expenditure does not include purchases of merchant portfolios.
(2) Restructuring and other costs include acquisition costs related to the Company's merger and acquisition activity, restructuring costs, strategic transformation costs resulting from value creation initiatives following
business acquisitions and professional consulting and advisory fees related to public company readiness activities. This includes certain professional advisory costs, office closure costs and resulting severance
payments to employees.
(3)
In accordance with ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, the Company includes customer accounts and other restricted cash in the Cash and Cash Equivalents balance reported in the
Consolidated Statements of Cash Flows. Management consider the movement in Customer accounts and other restricted cash as settlement related, and have therefore offset against movements in Settlement
Receivables and Funds payable and amounts due to customers. The movement stated is net of foreign exchange movements on translation of non-USD subsidiaries to USD at the reporting date, as well as realized
foreign exchange movements.
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