Depreciation and Amortization Amounts charged to expense in the Company’s unaudited Condensed Consolidated Statements of Operations for depreciation and amortization were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortization | | Depreciation | | | | | Residual Commission Buyouts | | Other Intangible Assets | | Capitalized Customer Acquisition Costs | | Equipment Under Lease | | Property, Plant and Equipment | | Total | Three Months Ended March 31, 2025 | | | | | | Depreciation and amortization expense | | $ | 22.5 | | | $ | 14.1 | | | $ | — | | | $ | 16.3 | | | $ | 3.1 | | | $ | 56.0 | | Cost of sales | | — | | | 21.8 | | | 7.3 | | | — | | | 0.1 | | | 29.2 | | Total depreciation and amortization (a) | | $ | 22.5 | | | $ | 35.9 | | | $ | 7.3 | | | $ | 16.3 | | | $ | 3.2 | | | $ | 85.2 | | | | | | | | | | | | | | | Three Months Ended March 31, 2024 | | | | | | | | | | | | | Depreciation and amortization expense | | $ | 21.8 | | | $ | 8.7 | | | $ | — | | | $ | 11.9 | | | $ | 2.4 | | | $ | 44.8 | | Cost of sales | | — | | | 15.5 | | | 5.7 | | | — | | | 0.1 | | | 21.3 | | Total depreciation and amortization (b) | | $ | 21.8 | | | $ | 24.2 | | | $ | 5.7 | | | $ | 11.9 | | | $ | 2.5 | | | $ | 66.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Total amortization of $65.7 million consisted of amortization of acquired intangibles of $45.8 million and amortization of non-acquired intangibles of $19.9 million. (b) Total amortization of $51.7 million consisted of amortization of acquired intangibles of $38.0 million and amortization of non-acquired intangibles of $13.7 million. As of March 31, 2025, the estimated amortization expense for each of the five succeeding years and thereafter is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residual Commission Buyouts | | Other Intangible Assets | | Capitalized Customer Acquisition Costs | | Total Amortization | | Amortization of Acquired Intangible Assets | 2025 (remaining nine months) | $ | 66.4 | | | $ | 104.7 | | | $ | 20.8 | | | $ | 191.9 | | | $ | 134.5 | | 2026 | 54.9 | | | 122.6 | | | 22.5 | | | 200.0 | | | 139.9 | | 2027 | 6.4 | | | 99.4 | | | 16.1 | | | 121.9 | | | 83.2 | | 2028 | 4.8 | | | 69.0 | | | 7.2 | | | 81.0 | | | 71.4 | | 2029 | 1.5 | | | 65.1 | | | 0.3 | | | 66.9 | | | 66.9 | | Thereafter | 1.9 | | | 306.5 | | | — | | | 308.4 | | | 307.6 | | Total | $ | 135.9 | | | $ | 767.3 | | | $ | 66.9 | | | $ | 970.1 | | | $ | 803.5 | |
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