01—Abstract
Summary
Summary of the 10-K/A filed May 2, 2022. Cited figures are marked; the original filing is the authoritative source.
This filing from CORPAY, INC. (formerly FLEETCOR Technologies, Inc.) for its 10-K filed on May 2, 2022, primarily serves as an exhibit and financial statement index.
It does not contain detailed operational or financial performance metrics for the fiscal year. Instead, it lists numerous incorporated exhibits that provide context on the company's legal structure, governance, equity plans, credit facilities, and various agreements.
Investors seeking to understand CORPAY's financial health and strategic direction would need to refer to the referenced exhibits and the actual financial statements (provided in XBRL format as Exhibit 101) of the original Form 10-K filing. The exhibits listed here are crucial for understanding the contractual framework, executive compensation, and financing arrangements that underpin the company's operations.
02—Key points
Key Highlights
- The filing is an index of exhibits and financial statement schedules, not a standalone financial report.
- Key corporate documents such as the Amended and Restated Certificate of Incorporation and Bylaws are referenced.
- Extensive details on various equity compensation plans and award agreements for directors and employees are incorporated by reference.
- Information regarding the company's credit agreements and receivables purchase agreements, including numerous amendments, is included.
- The filing indicates that detailed financial information is available in XBRL format (Exhibit 101).
- It references certifications of the CEO and CFO regarding the accuracy of financial reporting.
- The filing confirms the company's formal name change to CORPAY, INC. from FLEETCOR Technologies, Inc. and includes its list of subsidiaries.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2021filed May 2, 2022Financial Statements
FY2021 against FY2020
| Line item | FY2021FY2020 | Change |
|---|---|---|
| Revenue | $2.83B$2.39B | +18.6% |
| Operating Income | $1.24B$972.26M | +27.8% |
| Net Income | $839.00M$704.22M | +19.1% |
| EPS (Basic) | $10.23$8.38 | +22.1% |
| EPS (Diluted) | $9.99$8.12 | +23.0% |
| Shares Outstanding (Basic) | 82.06M84.00M | −2.3% |
| Shares Outstanding (Diluted) | 84.06M86.72M | −3.1% |
05—Questions
Frequently Asked Questions
What is the main purpose of this filing?
This filing (Item 15 of the 10-K) primarily serves as an index and listing of exhibits and financial statement schedules. It does not contain the full narrative financial performance details but rather references other documents that provide this information.
Where can I find the actual financial performance data for CORPAY?
The actual financial statements, including the Consolidated Balance Sheets, Statements of Income, Comprehensive Income, Stockholders' Equity, and Cash Flows, are provided in XBRL format as Exhibit 101 to this filing. Investors should refer to these XBRL exhibits for detailed financial performance.
Does this filing reveal any new material financial information or business updates?
No, this specific filing (Item 15) is primarily a compilation of exhibits and references to previously filed documents. It does not introduce new operational or financial results. To understand the company's performance for the year ending in early 2022, investors would need to review the narrative sections and financial statements of the original Form 10-K filing, not just this exhibit index.
What types of agreements are listed as exhibits?
The exhibits cover a broad range of corporate and financial agreements, including the company's charter documents, equity compensation plans and awards, executive and director agreements, credit facilities, receivables purchase agreements, and other material contracts. These are all incorporated by reference from previous filings.
06—Continue