Paysafe Results Presentation Deck
Operating Cash Flow to Free Cash Flow reconciliation
Paysafe:
($ in thousands)
Net cash inflows from operating activities
Capital expenditure (¹)
Cash paid for interest
Payments relating to restructuring and other costs (2)
Movement in customer accounts and other restricted cash (3)
Free Cash Flow
Adjusted EBITDA
Free Cash Flow Conversion
$
(3)
$
Three months ended
December 21,
2021
131,868
(22,308)
28,748
9,520
(94,770)
53,058
105,459
50%
$
$
2020
236,303
(20,213)
36,593
3,296
(139,142)
116,837
95,344
123%
$
2021
Years ended
December 31,
224,468
(83,843)
91,545
21,735
32,429
286,334
443,898
65%
2020
409,109
(65,872)
154,373
18,196
(159,523)
356,283
425,769
84%
(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.
This line item has been adjusted to remove the increase in Customer accounts and other restricted cash related to cash held in escrow for the drawdown of the USD Incremental Term Loan for the Safety Pay acquisition in the
amount of $387,456 as of December 31, 2021.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.
28View entire presentation