Corpay CPAY

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

1fact worth reading about the other 9 checks found nothing to note

• report_problem
  Critical audit matters changed

  New this year: Auditing the Company's annual goodwill impairment tests for reporting units to which a material amount of; Addressed the Company’s goodwill impairment review process, including controls over management’s review of the; Matter in Our significant assumptions described above. For example, we tested controls over management’s review of; Audit EBITDA margin forecasts and the discounts rates used in the determination of the reporting units’ estimated; To test the reporting units' estimated fair values, our audit procedures included, among others, assessing the. No longer listed: Company’s quantitative impairment test involves estimating the fair value of each reporting unit using a; Auditing the Company's estimate of fair value for the Payroll Card reporting unit was complex and subjective; Interest Taxes Depreciation and Amortization (EBITDA) margin as well as the discount rate, which are; Matter in Our inclusive of the underlying data used by the Company in its development of these assumptions. We involved; Audit our valuation specialists to assist us in evaluating the Company’s estimated discount rate methodology and; The Company recorded intangible assets from these acquisitions, including customer and vendor relationships. Same as last year: Valuation of goodwill; Description of At December 31, 2025, the Company’s goodwill was $7.6 billion. As discussed in Note 2 to the consolidated; How We We obtained an understanding, evaluated the design and tested the operating effectiveness of controls over the; Valuation of acquired customer relationship intangible assets; Description of As discussed in Notes 2 and 7 to the consolidated financial statements, the Company completed the acquisition; Auditing the preliminary fair values of the Alpha customer relationships was complex and subjective due to the; How We We obtained an understanding, evaluated the design and tested the operating effectiveness of controls over the; Addressed the valuation of customer relationships, including controls over models to estimate the fair values of the above
• check_circle
  Receivables +2.6% vs revenue +13.9% (-11.3 pts)

1. add_circleItem 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1Anorth_east

   We also operate in an evolving regulatory environment for cybersecurity and data privacy. New or expanded disclosure or notification obligations could increase our compliance costs and exposure to enforcement or litigation following an incident.

2. add_circleItem 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1Anorth_east

   Moreover, certain Corporate Payments competitors are able to operationalize and scale certain decentralized payment

3. add_circleItem 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1Anorth_east

   Adverse effects on demand for our business-related products and services, from unfavorable macroeconomic conditions,

4. add_circleItem 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1Anorth_east

   There is increasing and, in some jurisdictions, diverging focus by governmental organizations, investors, employees, customers and partners, on ESG topics, including environmental stewardship, climate, diversity and inclusion, workplace conduct and related disclosure. Shifts in expectations, together with evolving climate and…

• HOOD86
• CPAY70
• ARES53
• COIN22
• CBOE14
• GL5

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.