Priority Technology Holdings, Inc.: 10-Q filed 2020-05-13

Name: Priority Technology Holdings, Inc.: 10-Q filed 2020-05-13
Creator: Priority Technology Holdings, Inc.

What Priority Technology Holdings, Inc. reported in its quarterly report filed 2020-05-13 (fiscal Q1 2020): 41 published measures, 86 facts as tagged in accession 0001653558-20-000068.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-05-13
Fiscal period: fiscal Q1 2020
Accession: 0001653558-20-000068 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Priority Technology Holdings, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2020-03-31	447,919,000	USD
At 2019-12-31	464,505,000	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2020-03-31	574,139,000	USD
At 2019-12-31	585,194,000	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2020-03-31	-131,874,000	USD
At 2019-12-31	-126,343,000	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	-5,869,000	USD	91
2019-01-01 to 2019-03-31	-6,446,000	USD	90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	-7,254,000	USD	91
2019-01-01 to 2019-03-31	-1,240,000	USD	90

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	2,281,000	USD	91
2019-01-01 to 2019-03-31	2,382,000	USD	90

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	96,933,000	USD	91
2019-01-01 to 2019-03-31	87,646,000	USD	90

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	-251,000	USD	91
2019-01-01 to 2019-03-31	78,827,000	USD	90

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	-3,229,000	USD	91
2019-01-01 to 2019-03-31	-82,178,000	USD	90

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2020-03-31	-133,543,000	USD
At 2019-12-31	-127,674,000	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	-1,233,000	USD	91
2019-01-01 to 2019-03-31	-1,724,000	USD	90

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2020-03-31	24,060,000	USD
At 2019-12-31	23,518,000	USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	3,559,000	USD	91
2019-01-01 to 2019-03-31	966,000	USD	90

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2020-03-31	82,260,000	USD
At 2019-12-31	94,214,000	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	10,315,000	USD	91
2019-01-01 to 2019-03-31	9,363,000	USD	90

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2020-03-31	84,551,000	USD
At 2019-12-31	93,004,000	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2020-03-31	109,515,000	USD
At 2019-12-31	109,515,000	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2020-03-31	175,303,000	USD
At 2019-12-31	182,826,000	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2020-03-31	37,362,000	USD
At 2019-12-31	37,993,000	USD

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	6,609,000	USD	91
2019-01-01 to 2019-03-31	6,750,000	USD	90

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2020-03-31	39,731,000	USD
At 2019-12-31	50,465,000	USD
At 2019-03-31	29,240,000	USD
At 2018-12-31	33,831,000	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2020-03-31	3,989,000	USD
At 2019-12-31	3,651,000	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit	Days
At 2020-03-31	-126,220,000	USD
At 2019-12-31	-120,689,000	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2020-03-31	483,319,000	USD
At 2019-12-31	485,578,000	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2020-03-31	58,976,000	USD
At 2019-12-31	56,695,000	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2020-03-31	34,916,000	USD
At 2019-12-31	33,177,000	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2020-03-31	175,303,000	USD
At 2019-12-31	182,826,000	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2020-03-31	509,000	USD
At 2019-12-31	380,000	USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2020-03-31	6,269,000	USD
At 2019-12-31	6,612,000	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2020-03-31	3,445,000	USD
At 2019-12-31	3,897,000	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit
At 2020-03-31	1,682,000	USD
At 2019-12-31	1,912,000	USD
At 2019-03-31	1,738,000	USD
At 2019-01-01	1,776,000	USD

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	-5,869,000	USD	91
2019-01-01 to 2019-03-31	-6,446,000	USD	90

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	1,800,000	USD	91
2019-01-01 to 2019-03-31	1,400,000	USD	90

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	10,272,000	USD	91
2019-01-01 to 2019-03-31	8,925,000	USD	90

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	8,500,000	USD	91
2019-01-01 to 2019-03-31	7,500,000	USD	90

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	-346,000	USD	91
2019-01-01 to 2019-03-31	227,000	USD	90

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	-10,661,000	USD	91
2019-01-01 to 2019-03-31	-9,136,000	USD	90

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	0	USD	91
2019-01-01 to 2019-03-31	-103,000	USD	90

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	-1,699,000	USD	91
2019-01-01 to 2019-03-31	-1,621,000	USD	90

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	8,186,000	USD	91
2019-01-01 to 2019-03-31	7,126,000	USD	90

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	-631,000	USD	91
2019-01-01 to 2019-03-31	2,252,000	USD	90

Inspect the source

Entity: Priority Technology Holdings, Inc. / CIK 0001653558
Captured: 2026-09-21T17:23:43.856Z
SEC response SHA-256: ee10483b480a5b2494f2a4a652dbfbdb485538bc797d61673b08fb7a06e9a0d1

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