The company completed the Worldpay Sale on January 31, 2024, with the Worldpay Merchant Solutions business valued at an enterprise value of $18.5 billion. The company said it recorded an estimated loss on sale of $578 million and a tax benefit of $1.1 billion in 2024.

1. 01

   The company completed the Worldpay Sale on January 31, 2024, with the Worldpay Merchant Solutions business valued at an enterprise value of $18.5 billion. The company said it recorded an estimated loss on sale of $578 million and a tax benefit of $1.1 billion in 2024.

2. 02

   The company said the net cash proceeds from the Worldpay Sale exceeded $12 billion, and it repurchased approximately 54 million shares for a total of $4.0 billion in 2024. The company said it plans to repurchase approximately $1.2 billion of shares in 2025.

3. 03

   The company said operating cash flow for 2024 was $2,175 million, an increase of $97 million from $2,078 million in 2023. Available liquidity as of December 31, 2024 was $4,547 million, and debt outstanding was $11.3 billion.

4. 04

   The company said Banking segment revenue increased 2% and Capital Markets segment revenue increased 8% in 2024, while Corporate and Other segment revenue decreased 20%. The company cited the ramp down of non-strategic businesses as a factor in the Corporate and Other decline.

Key figures

Fiscal year ended December 31, 2024

Revenue

$10.1B

Operating income

$1.7B

Net income

$1.4B

EPS

$2.61

Gross profit

$3.8B

Operating cash flow

$2.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.