The company said consolidated revenues for 2023 rose to $9,654.4 million, up 7.6% from $8,975.5 million in the prior year. It cited higher transaction volumes, including from the EVO business, as the main factor for the increase, and said the effect of the divested businesses partially offset it.

1. 01

   The company said consolidated revenues for 2023 rose to $9,654.4 million, up 7.6% from $8,975.5 million in the prior year. It cited higher transaction volumes, including from the EVO business, as the main factor for the increase, and said the effect of the divested businesses partially offset it.

2. 02

   The company said it acquired EVO Payments, Inc. in 2023 for total purchase consideration of $4.3 billion. It also sold the Netspend consumer business for about $1 billion and the gaming business for about $400 million. In connection with the Netspend sale, it provided $675 million of seller financing.

3. 03

   The company said consolidated operating income for 2023 rose to $1,716.4 million from $640.2 million in the prior year. It also said net income attributable to Global Payments was $986.2 million and diluted earnings per share was $3.77. Operating income included a gain of $106.9 million on the sale of the gaming business and a loss of $243.6 million on the sale of the consumer business.

4. 04

   The company said net cash provided by operating activities for 2023 was $2,248.7 million, net cash used in investing activities was $4,361.1 million, including $4,225.6 million for acquisitions, and net cash provided by financing activities was $2,141.1 million. It also had net borrowings of $1,371.6 million under its commercial paper program during the year.

Key figures

Fiscal year ended December 31, 2023

Revenue

$9.7B

Operating income

$1.7B

Net income

$986M

EPS

$3.77

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.