v3.25.1
Depreciation and Amortization
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Depreciation and Amortization Depreciation and Amortization
Amounts charged to expense in the Company’s unaudited Condensed Consolidated Statements of Operations for depreciation and amortization were as follows:
AmortizationDepreciation
Residual Commission BuyoutsOther Intangible AssetsCapitalized Customer Acquisition CostsEquipment Under LeaseProperty, Plant and EquipmentTotal
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 BuyoutsOther Intangible AssetsCapitalized Customer
Acquisition Costs
Total AmortizationAmortization of Acquired Intangible Assets
2025 (remaining nine months)$66.4 $104.7 $20.8 $191.9 $134.5 
202654.9 122.6 22.5 200.0 139.9 
20276.4 99.4 16.1 121.9 83.2 
20284.8 69.0 7.2 81.0 71.4 
20291.5 65.1 0.3 66.9 66.9 
Thereafter1.9 306.5 — 308.4 307.6 
Total$135.9 $767.3 $66.9 $970.1 $803.5