ACI Worldwide, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>ACI Worldwide, Inc. has filed its Q1 2024 10-Q report, detailing financial performance and operational data.</b>

AI Summary

ACI WORLDWIDE, INC. (ACIW) filed a Quarterly Report (10-Q) with the SEC on April 30, 2024. ACI Worldwide, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of 2024. Key financial data from previous periods (2023-12-31, 2022-12-31) and the current quarter (2024-03-31) are included. The company's business address is 6060 Coventry Drive, Elkhorn, NE 68022. ACI Worldwide, Inc. operates in the Services-Prepackaged Software industry (SIC 7372).

Why It Matters

For investors and stakeholders tracking ACI WORLDWIDE, INC., this filing contains several important signals. This filing provides investors and analysts with the latest financial snapshot of ACI Worldwide, Inc., crucial for understanding recent performance and making informed investment decisions. The detailed segment data and balance sheet information offer insights into the company's revenue streams and financial health, which are key indicators for future growth and stability.

Risk Assessment

Risk Level: medium — ACI WORLDWIDE, INC. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information. However, the absence of specific financial performance metrics in the provided text prevents a more precise risk assessment.

Analyst Insight

Review the detailed financial statements and segment performance within the full 10-Q filing to assess revenue trends and profitability for Q1 2024.

Revenue Breakdown

Key Numbers

• 2024-03-31 — Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-04-30 — Filed As Of Date (FILED AS OF DATE)
• 7372 — Standard Industrial Classification (SIC)
• DE — State of Incorporation (STATE OF INCORPORATION)
• 1231 — Fiscal Year End (FISCAL YEAR END)

Key Players & Entities

• ACI WORLDWIDE, INC. (company) — FILER
• ACIW (company) — tk
• 10-Q (document) — ft
• 2024-03-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-04-30 (date) — FILED AS OF DATE
• 6060 COVENTRY DRIVE (address) — BUSINESS ADDRESS
• ELKHORN (location) — CITY
• NE (location) — STATE

FAQ

Key Dates

• 2024-03-31: Quarter End Date — Reporting period for the 10-Q filing.
• 2024-04-30: Filing Date — Date the 10-Q was officially filed with the SEC.

Key Financial Figures

• $0.005 — ange on which registered Common Stock, $0.005 par value ACIW Nasdaq Global Select Mar

Filing Documents

• aciw-20240331.htm (10-Q) — 960KB
• aciw-20240331xexx1001.htm (EX-10.01) — 1532KB
• aciw-20240331xexx1002.htm (EX-10.02) — 81KB
• aciw-20240331xexx3101.htm (EX-31.01) — 9KB
• aciw-20240331xexx3102.htm (EX-31.02) — 9KB
• aciw-20240331xexx3201.htm (EX-32.01) — 4KB
• aciw-20240331xexx3202.htm (EX-32.02) — 4KB
• 0000935036-24-000018.txt (&nbsp;) — 7734KB
• aciw-20240331.xsd (EX-101.SCH) — 40KB
• aciw-20240331_cal.xml (EX-101.CAL) — 76KB
• aciw-20240331_def.xml (EX-101.DEF) — 202KB
• aciw-20240331_lab.xml (EX-101.LAB) — 578KB
• aciw-20240331_pre.xml (EX-101.PRE) — 411KB
• aciw-20240331_htm.xml (XML) — 747KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements (unaudited)

Item 1 Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of March 31, 2024, and December 31, 2023 3 Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended March 31, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three Months Ended March 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 31 Item 4

Controls and Procedures

Controls and Procedures 31

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 32 Item 1A

Risk Factors

Risk Factors 32 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 32 Item 3 Defaults Upon Senior Securities 32 Item 4 Mine Safety Disclosures 32 Item 5 Other Information 33 Item 6 Exhibits 33 Signature 34 2 Table of contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS ACI WORLDWIDE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited and in thousands, except share and per share amounts) March 31, 2024 December 31, 2023 ASSETS Current assets Cash and cash equivalents $ 183,393 $ 164,239 Receivables, net of allowances of $ 2,581 and $ 4,295 , respectively 345,125 452,337 Settlement assets 700,733 723,039 Prepaid expenses 34,416 31,479 Other current assets 34,935 35,551 Total current assets 1,298,602 1,406,645 Noncurrent assets Accrued receivables, net 290,186 313,983 Property and equipment, net 36,924 37,856 Operating lease right-of-use assets 33,153 34,338 Software, net 112,368 108,418 Goodwill 1,226,026 1,226,026 Intangible assets, net 186,782 195,646 Deferred income taxes, net 56,017 58,499 Other noncurrent assets 60,143 63,328 TOTAL ASSETS $ 3,300,201 $ 3,444,739 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 44,292 $ 45,964 Settlement liabilities 699,804 721,164 Employee compensation 26,938 53,892 Current portion of long-term debt 34,875 74,405 Deferred revenue 77,147 59,580 Other current liabilities 65,764 82,244 Total current liabilities 948,820 1,037,249 Noncurrent liabilities Deferred revenue 20,117 24,780 Long-term debt 981,851 963,599 Deferred income taxes, net 39,465 40,735 Operating lease liabilities 27,378 29,074 Other noncurrent liabilities 25,517 25,005 Total liabilities 2,043,148 2,120,442 Commitments and contingencies Stockholders' equity Preferred stock; $ 0.01 par value; 5,000,000 shares authorized; no shares issued at March 31, 2024, and December 31, 2023 — — Common stock; $ 0.005 par value; 280,000,000 shares authorized; 140,525,055 shares issued at March 31, 2024, and December 31, 2023 702 702 Additional paid-in capital 714,936 712,994 Retained earnings 1,387,216 1,394,967 Treasury stock, at cost, 34,267,073 and 32,447,317 shares at March 31, 2024, and December 3

View Full Filing

View this 10-Q filing on SEC EDGAR