Paysafe Results Presentation Deck
Reconciliation of GAAP net (loss) income to Adjusted net income
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
Adjusted net income
(in millions)
Weighted average shares - diluted
Diluted impact - adjusted
Adjusted weighted average shares - diluted
(5)
$
Three months ended
June 30,
2022
(631,521) $
(58,611)
676,456
43,283
7,999
660
17,736
13,601
(32,062)
37,541
725.9
1.8
727.7
2021
6,597 $
(50,546)
1,357
40,538
50,298
4,518
(28)
3,276
25,394
(15,032)
66,372 $
728.0
1.7
729.7
Six months ended
June 30,
2022
(1,802,704)
(64,019)
1,882,187
85,549
20,590
660
31,706
6,976
(86,143)
74,802
724.9
1.5
726.5
$
2021
(54,050)
(89,266)
1,935
62,262
100,363
7,488
(28)
84,117
22,300
(25,105)
110,016
723.7
3.1
726.8
(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 fair on warrant liabilities and (gain) / loss on
contingent consideration payable and receivables and gain on foreign exchange. For the three months and six months ended June 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 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.View entire presentation