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
$
$
Three months ended
September 30,
2021
51,590
(22,914)
6,933
8,035
26,508
70,152
106,405
66%
$
$
2020
37,764
(15,903)
59,934
2,776
(25,750)
58,821 $
107,280
55%
2021
Nine months ended
September 30,
92,600
(61,535)
62,797
12,215
127,199
233,276
338,439
69%
$
2020
172,806
(45,659)
117,780
14,900
(20,381)
239,446
330,425
72%
(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.
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.
(3)
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