CORPAY, INC.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
CPAY$459.64+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Statements of Cash Flows for the and
Unaudited Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income | $353,714 | $243,875 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation | 35,377 | 28,396 |
| Stock-based compensation | 27,495 | 18,366 |
| Provision for credit losses on accounts and other receivables | 42,350 | 30,661 |
| Amortization of deferred financing costs and discounts | 3,715 | 2,274 |
| Amortization of intangible assets and premium on receivables | 79,449 | 63,792 |
| Loss on extinguishment of debt | — | 1,596 |
| Deferred income taxes | 30,147 | (7,983) |
| Gain on disposition of business | (121,423) | — |
| Other non-cash operating expense (income), net | 24,406 | (46) |
| Changes in operating assets and liabilities (net of acquisitions/disposition): | ||
| Accounts and other receivables | (843,811) | (565,649) |
| Prepaid expenses and other current assets | 39,033 | (27,266) |
| Derivative assets and liabilities, net | (38,044) | 10,442 |
| Other assets | (138) | 991 |
| Accounts payable, accrued expenses and customer deposits | 311,110 | 126,400 |
| Net cash used in operating activities | (56,620) | (74,151) |
| Investing activities | ||
| Acquisitions, net of cash acquired | — | (153,719) |
| Purchases of property and equipment | (51,092) | (44,771) |
| Proceeds from disposal of a business, net of cash disposed | 420,210 | — |
| Other | — | 14,572 |
| Net cash provided by (used in) investing activities | 369,118 | (183,918) |
| Financing activities | ||
| Proceeds from issuance of common stock | 11,718 | 32,079 |
| Repurchase of common stock | (785,971) | (58,718) |
| Borrowings on securitization facility, net | 321,000 | 146,000 |
| Deferred financing costs | (349) | (10,827) |
| Proceeds from notes payable | — | 750,000 |
| Principal payments on notes payable | (51,535) | (49,285) |
| Borrowings from revolver | 3,177,000 | 2,454,000 |
| Payments on revolver | (3,135,000) | (3,120,000) |
| Borrowings on swing line of credit, net | 46,678 | — |
| Other | 285 | (952) |
| Net cash (used in) provided by financing activities | (416,174) | 142,297 |
| Effect of foreign currency exchange rates on cash | (71,937) | 42,850 |
| Net decrease in cash and cash equivalents and restricted cash | (175,613) | (72,922) |
| Cash and cash equivalents and restricted cash, beginning of period | 8,991,940 | 4,456,345 |
| Cash and cash equivalents and restricted cash, end of period | $8,816,327 | $4,383,423 |
| Supplemental cash flow information | ||
| Cash paid for interest | $136,288 | $119,022 |
| Cash paid for income taxes | $102,807 | $114,745 |
See accompanying notes to unaudited consolidated financial statements.
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