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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,311,949 $ 1,389,648
Restricted cash 1,890,727 1,751,887
Accounts and other receivables (less allowance for credit losses of $184,887 at March 31, 2024 and $180,163 at December 31, 2023) 2,376,003 2,161,586
Securitized accounts receivable—restricted for securitization investors 1,421,000 1,307,000
Prepaid expenses and other current assets 437,687 474,144
Total current assets 7,437,366 7,084,265
Property and equipment, net 351,831 343,154
Goodwill 5,673,732 5,644,958
Other intangibles, net 2,033,106 2,085,663
Investments 68,299 69,521
Other assets 265,797 248,691
Total assets 15,830,131 15,476,252
Current liabilities:    
Accounts payable 1,849,958 1,624,995
Accrued expenses 408,661 356,118
Customer deposits 2,534,349 2,397,279
Securitization Facility 1,421,000 1,307,000
Current portion of notes payable and lines of credit 480,433 819,749
Other current liabilities 256,527 320,612
Total current liabilities 6,950,928 6,825,753
Notes payable and other obligations, less current portion 4,862,621 4,596,156
Deferred income taxes 473,250 470,232
Other noncurrent liabilities 261,062 301,752
Total noncurrent liabilities 5,596,933 5,368,140
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.001 par value; $475,000,000 shares authorized; 129,604,492 shares issued and 71,463,894 shares outstanding at March 31, 2024; and $128,759,639 shares issued and $71,715,804 shares outstanding at December 31, 2023 130 129
Additional paid-in capital 3,382,001 3,266,185
Retained earnings 8,422,428 8,192,659
Accumulated other comprehensive loss (1,340,847) (1,289,099)
Less treasury stock, $58,140,598 shares at March 31, 2024 and $57,043,835 shares at December 31, 2023 (7,209,291) (6,887,515)
Total Corpay stockholders’ equity 3,254,421 3,282,359
Noncontrolling interest 27,849 0
Total equity 3,282,270 3,282,359
Total liabilities and equity $ 15,830,131 $ 15,476,252