Paysafe Results Presentation Deck
Reconciliation of GAAP Net income (loss) to Adj. net income
($ in thousands)
Net (loss) / income attributable to the Company
(1)
Other non-operating income, net
Impairment expense on goodwill and intangible assets
(2)
Amortization of acquired assets
Restructuring and other costs
Loss on disposal of subsidiaries and other assets, net
Share-based compensation expense
(3)
Discrete tax items
(4)
Income tax benefit on non-GAAP adjustments
Adjusted net income attributable to the Company
(in millions)
Weighted average shares - diluted
Adjusted diluted impact
Adjusted weighted average shares - diluted
Paysafe:
$
$
2023
Three Months Ended
September 30,
(2,549)
(7,274)
34,094
835
4,938
14,313
(9,085)
35,272
61.6
0.1
61.7
$
$
2022
978
(39,802)
4,036
41,479
6,443
699
13,542
4,663
(2,886)
29,152
60.7
0.0
60.7
$
2023
Nine Months Ended
September 30,
(8,122) $
(12,852)
275
101,862
4,165
23,061
25,198
(30,561)
103,026
61.3
0.3
61.6
$
2022
(1,828,944)
(103,821)
1,886,223
127,028
60,636
1,359
45,248
11,639
(95,414)
103,954
60.5
0.1
60.6
Note: Share amounts presented for the prior year periods have been retroactively adjusted to reflect the 1-for-12 reverse stock split effective December 12, 2022.
(1) Other non-operating income, net primarily consists of income and expenses outside of the Company's operating activities, including, fair value gain / loss on warrant liabilities and loss on contingent consideration
and gain / loss on foreign exchange. For the three and nine months ended September 30, 2023, this item also includes the gain to repurchase secured notes and fair value loss on derivative instruments.
(2) 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.
(3) 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.
(4) Income tax benefit on non-GAAP adjustments reflects the tax impact of the non-GAAP adjustments to net loss attributable to the Company to calculate adjusted net income
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