v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,192,849 $ 1,553,642
Restricted cash 3,338,509 2,902,703
Accounts and other receivables (less allowance for credit losses of $155,847 at June 30, 2025 and $133,757 at December 31, 2024) 2,601,292 2,090,500
Securitized accounts receivable—restricted for securitization investors 1,639,000 1,323,000
Prepaid expenses and other current assets 987,593 806,024
Total current assets 10,759,243 8,675,869
Property and equipment, net 434,319 377,705
Goodwill 6,334,018 5,984,667
Other intangibles, net 2,372,305 2,410,442
Investments 58,319 60,088
Other assets 477,022 448,260
Total assets 20,435,226 17,957,031
Current liabilities:    
Accounts payable 1,974,528 1,570,426
Accrued expenses 450,207 444,938
Customer deposits 4,143,205 3,266,126
Securitization facility 1,639,000 1,323,000
Current portion of notes payable and lines of credit 609,617 1,446,974
Other current liabilities 823,212 656,417
Total current liabilities 9,639,769 8,707,881
Notes payable and other obligations, less current portion 5,869,083 5,226,106
Deferred income taxes 379,240 439,176
Other noncurrent liabilities 579,955 437,879
Total noncurrent liabilities 6,828,278 6,103,161
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.001 par value; 475,000,000 shares authorized; 132,115,444 shares issued and 70,610,228 shares outstanding at June 30, 2025; and 131,425,669 shares issued and 70,170,016 shares outstanding at December 31, 2024 132 131
Additional paid-in capital 3,902,867 3,811,131
Retained earnings 9,723,806 9,196,405
Accumulated other comprehensive loss (1,436,386) (1,713,996)
Less treasury stock, 61,505,216 shares at June 30, 2025 and 61,255,653 shares at December 31, 2024 (8,261,846) (8,171,329)
Total Corpay stockholders’ equity 3,928,573 3,122,342
Noncontrolling interest 38,606 23,647
Total equity 3,967,179 3,145,989
Total liabilities and equity $ 20,435,226 $ 17,957,031