ACI Worldwide Q3 2024 10-Q Filed

TL;DR

ACI Worldwide 10-Q filed: Q3 2024 revenue details from SaaS, License, and Maintenance segments available.

AI Summary

ACI Worldwide, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported revenue from Software-as-a-Service and Platform-as-a-Service, License, and Maintenance segments. Specific financial figures for these segments during the third quarter and year-to-date periods of 2024 and 2023 are detailed within the filing.

Why It Matters

This filing provides investors with a quarterly update on ACI Worldwide's financial performance, including revenue breakdowns from its core software and service offerings.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks indicated.

Key Players & Entities

• ACI WORLDWIDE, INC. (company) — Filer
• 20240930 (date) — Period of Report
• 20241107 (date) — Filing Date

FAQ

Key Financial Figures

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

Filing Documents

• aciw-20240930.htm (10-Q) — 1329KB
• aciw-20240930xexx3101.htm (EX-31.01) — 9KB
• aciw-20240930xexx3102.htm (EX-31.02) — 9KB
• aciw-20240930xexx3201.htm (EX-32.01) — 4KB
• aciw-20240930xexx3202.htm (EX-32.02) — 4KB
• 0000935036-24-000038.txt ( ) — 6919KB
• aciw-20240930.xsd (EX-101.SCH) — 42KB
• aciw-20240930_cal.xml (EX-101.CAL) — 76KB
• aciw-20240930_def.xml (EX-101.DEF) — 223KB
• aciw-20240930_lab.xml (EX-101.LAB) — 611KB
• aciw-20240930_pre.xml (EX-101.PRE) — 436KB
• aciw-20240930_htm.xml (XML) — 1002KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements (unaudited)

Item 1 Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of September 30, 2024, and December 31, 2023 3 Condensed Consolidated Statements of Operations for the Three and Ni ne Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended September 30, 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements 9 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 22 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4

Controls and Procedures

Controls and Procedures 37

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 38 Item 1A

Risk Factors

Risk Factors 38 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 3 Defaults Upon Senior Securities 39 Item 4 Mine Safety Disclosures 39 Item 5 Other Information 39 Item 6 Exhibits 39 Signature 40 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) September 30, 2024 December 31, 2023 ASSETS Current assets Cash and cash equivalents $ 177,860 $ 164,239 Receivables, net of allowances of $ 1,936 and $ 4,295 , respectively 424,518 452,337 Settlement assets 428,479 723,039 Prepaid expenses 31,878 31,479 Other current assets 22,865 35,551 Total current assets 1,085,600 1,406,645 Noncurrent assets Accrued receivables, net 338,977 313,983 Property and equipment, net 31,441 37,856 Operating lease right-of-use assets 29,181 34,338 Software, net 90,313 108,418 Goodwill 1,226,026 1,226,026 Intangible assets, net 172,310 195,646 Deferred income taxes, net 64,674 58,499 Other noncurrent assets 54,463 63,328 TOTAL ASSETS $ 3,092,985 $ 3,444,739 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 47,912 $ 45,964 Settlement liabilities 428,080 721,164 Employee compensation 42,806 53,892 Current portion of long-term debt 34,910 74,405 Deferred revenue 68,550 59,580 Other current liabilities 75,036 82,244 Total current liabilities 697,294 1,037,249 Noncurrent liabilities Deferred revenue 19,315 24,780 Long-term debt 959,387 963,599 Deferred income taxes, net 38,439 40,735 Operating lease liabilities 23,601 29,074 Other noncurrent liabilities 25,319 25,005 Total liabilities 1,763,355 2,120,442 Commitments and contingencies Stockholders' equity Preferred stock; $ 0.01 par value; 5,000,000 shares authorized; no shares issued at September 30, 2024, and December 31, 2023 — — Common stock; $ 0.005 par value; 280,000,000 shares authorized; 140,525,055 shares issued at September 30, 2024, and December 31, 2023 702 702 Additional paid-in capital 725,724 712,994 Retained earnings 1,499,530 1,394,967 Treasury stock, at cost, 35,654,240 and 32,447,317 shares at September 30, 2024,

View Full Filing

View this 10-Q filing on SEC EDGAR