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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,553,642 $ 1,389,648
Restricted cash 2,902,703 1,751,887
Accounts and other receivables (less allowance for credit losses of $133,757 at December 31, 2024 and $180,163 at December 31, 2023) 2,090,500 2,161,586
Securitized accounts receivable—restricted for securitization investors 1,323,000 1,307,000
Prepaid expenses and other current assets 806,024 474,144
Total current assets 8,675,869 7,084,265
Property and equipment, net 377,705 343,154
Goodwill 5,984,667 5,644,958
Other intangibles, net 2,410,442 2,085,663
Investments 60,088 69,521
Other assets 448,260 248,691
Total assets 17,957,031 15,476,252
Current liabilities:    
Accounts payable 1,570,426 1,624,995
Accrued expenses 444,938 356,118
Customer deposits 3,266,126 2,397,279
Securitization facility 1,323,000 1,307,000
Current portion of notes payable and lines of credit 1,446,974 819,749
Other current liabilities 656,417 320,612
Total current liabilities 8,707,881 6,825,753
Notes payable and other obligations, less current portion 5,226,106 4,596,156
Deferred income taxes 439,176 470,232
Other noncurrent liabilities 437,879 301,752
Total noncurrent liabilities 6,103,161 5,368,140
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, $0.001 par value; $475,000,000 shares authorized; 131,425,669 shares issued and 70,170,016 shares outstanding at December 31, 2024; and 128,759,639 shares issued and 71,715,804 shares outstanding at December 31, 2023 131 129
Additional paid-in capital 3,811,131 3,266,185
Retained earnings 9,196,405 8,192,659
Accumulated other comprehensive loss (1,713,996) (1,289,099)
Less treasury stock (61,255,653 shares and 57,043,835 shares at December 31, 2024 and 2023, respectively) (8,171,329) (6,887,515)
Total Corpay stockholders’ equity 3,122,342 3,282,359
Noncontrolling interest 23,647 0
Total equity 3,145,989 3,282,359
Total liabilities and equity $ 17,957,031 $ 15,476,252