0001213900-21-040149 | 10-Q | XBRL Viewer

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2021	Aug. 04, 2021
Entity Information [Line Items]
Entity Registrant Name	EURONET WORLDWIDE, INC.
Entity File Number	001-31648
Entity Small Business	false
Title of 12(b) Security	1.375% Senior Notes due 2026
City Area Code	(913)
Local Phone Number	327-4200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Entity Central Index Key	0001029199
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		52,824,377
Entity Tax Identification Number	74-2806888
Entity Address, City or Town	Leawood,
Entity Address, Address Line One	11400 Tomahawk Creek Parkway,
Entity Address, Address Line Two	Suite 300
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66211
Trading Symbol	EEFT26
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false

Settlement Assets and Obligations

6 Months Ended

Jun. 30, 2021

Settlement Assets [Abstract]

SETTLEMENT ASSETS AND OBLIGATIONS

(4) SETTLEMENT ASSETS AND OBLIGATIONS

Settlement assets represent funds received or to be received from agents for unsettled money transfers and from merchants for unsettled prepaid transactions. The Company records corresponding settlement obligations relating to accounts payable. Settlement assets consist of cash and cash equivalents, restricted cash, accounts receivable and prepaid expenses and other current assets. Cash received by Euronet agents and merchants generally becomes available to the Company within two weeks after initial receipt by the business partner. Receivables from business partners represent funds collected by such business partners that are in transit to the Company.

Settlement obligations consist of money transfers and accounts payable to agents and content providers. Money transfer accounts payable represent amounts to be paid to transferees when they request funds. Most agents typically settle with transferees first then obtain reimbursement from the Company. Money order accounts payable represent amounts not yet presented for payment. Due to the agent funding and settlement process, accounts payable to agents represent amounts due to agents for money transfers that have not been settled with transferees.

	As of
(in thousands)	June 30, 2021		December 31, 2020
Settlement assets:
Settlement cash and cash equivalents	$	311,131	$	188,191
Settlement restricted cash	58,621		76,674
Accounts receivable, net of credit losses of $30,582 and $35,800	467,293		641,955
Prepaid expenses and other current assets	92,677		234,055
Total settlement assets	$	929,722	$	1,140,875
Settlement obligations:
Trade account payables	$	353,502	$	571,175
Accrued expenses and other current liabilities	576,220		569,700
Total settlement obligations	$	929,722	$	1,140,875

The table below reconciles cash and cash equivalents, restricted cash, ATM cash, settlement cash and cash equivalents, and settlement restricted cash as presented within "Cash and cash equivalents and restricted cash" in the Consolidated Statement of Cash Flows.

	As of
(in thousands)	June 30, 2021		December 31, 2020		June 30, 2020		December 31, 2019
Cash and cash equivalents	$	994,488	$	1,420,255	$	864,871	$	786,081
Restricted cash	3,328		3,334		28,050		34,301
ATM cash	565,084		411,054		410,459		665,641
Settlement cash and cash equivalents	311,131		188,191		340,915		282,188
Settlement restricted cash	58,621		76,674		34,256		49,168
Cash and cash equivalents and restricted cash at end of period	$	1,932,652	$	2,099,508	$	1,678,551	$	1,817,379

Settlement Assets and Obligations (Tables)

6 Months Ended

Jun. 30, 2021

Settlement Assets [Abstract]

Schedule of settlement assets and liabilities

	As of
(in thousands)	June 30, 2021		December 31, 2020
Settlement assets:
Settlement cash and cash equivalents	$	311,131	$	188,191
Settlement restricted cash	58,621		76,674
Accounts receivable, net of credit losses of $30,582 and $35,800	467,293		641,955
Prepaid expenses and other current assets	92,677		234,055
Total settlement assets	$	929,722	$	1,140,875
Settlement obligations:
Trade account payables	$	353,502	$	571,175
Accrued expenses and other current liabilities	576,220		569,700
Total settlement obligations	$	929,722	$	1,140,875

Schedule of cash and cash equivalents restricted cash

	As of
(in thousands)	June 30, 2021		December 31, 2020		June 30, 2020		December 31, 2019
Cash and cash equivalents	$	994,488	$	1,420,255	$	864,871	$	786,081
Restricted cash	3,328		3,334		28,050		34,301
ATM cash	565,084		411,054		410,459		665,641
Settlement cash and cash equivalents	311,131		188,191		340,915		282,188
Settlement restricted cash	58,621		76,674		34,256		49,168
Cash and cash equivalents and restricted cash at end of period	$	1,932,652	$	2,099,508	$	1,678,551	$	1,817,379

Settlement Assets and Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Settlement Assets [Abstract]
Settlement cash and cash equivalents	$ 311,131	$ 188,191	$ 340,915	$ 282,188
Settlement restricted cash	58,621	76,674	$ 34,256	$ 49,168
Accounts receivable	467,293	641,955
Prepaid expenses and other current assets	92,677	234,055
Settlement obligations:
Trade account payables	353,502	571,175
Accrued expenses and other current liabilities	$ 576,220	$ 569,700

Settlement Assets and Obligations (Details 1) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Settlement Assets [Abstract]
ATM cash	$ 565,084	$ 411,054	$ 410,459	$ 665,641
Settlement cash and cash equivalents	311,131	188,191	340,915	282,188
Settlement restricted cash	$ 58,621	$ 76,674	$ 34,256	$ 49,168

Label

Element

Value

Accumulated amortization of other assets

eeft_AccumulatedAmortizationOfOtherAssets

$ 59,408,000

Accumulated amortization of other assets

eeft_AccumulatedAmortizationOfOtherAssets

55,710,000

Accrued Expenses And Other Current Liabilities

eeft_AccruedExpensesAndOtherCurrentLiabilities

388,833,000

Accrued Expenses And Other Current Liabilities

eeft_AccruedExpensesAndOtherCurrentLiabilities

404,021,000

Total intangible assets amortization expense

eeft_TotalIntangibleAssetsAmortizationExpense

$ (11,600,000)

Schedule of Accrued Expenses and Other Current Liabilities [Table Text Block]

eeft_ScheduleOfAccruedExpensesAndOtherCurrentLiabilitiesTableTextBlock

Accrued expenses and other current liabilities consist of the following:


	As of
(in thousands)	June 30, 2021		December 31, 2020
Accrued expenses	$	357,308	$	331,713
Derivative liabilities	26,224		65,905
Current portion of finance lease obligations	5,301		6,403
Total	$	388,833	$	404,021

Offsetting Assets and Liabilities [Table Text Block]

eeft_ScheduleOfOffsettingOfDerivativeAssetsAndDerivativeLiabilitiesTableTextBlock

Offsetting of Derivative Assets

							Gross Amounts Not Offset in the Consolidated Balance Sheet
As of June 30, 2021	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet		Financial Instruments			Cash Collateral Received			Net Amounts
Derivatives subject to a master netting arrangement or similar agreement	$	36,488	$	—	$	36,488	$	(16,497	)	$	(3,631	)	$	16,360

As of December 31, 2020
Derivatives subject to a master netting arrangement or similar agreement	$	80,879	$	—	$	80,879	$	(44,893	)	$	(2,778	)	$	33,208

Offsetting of Derivative Liabilities

									Gross Amounts Not Offset in the Consolidated Balance Sheet
As of June 30, 2021	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet			Financial Instruments		Cash Collateral Paid		Net Amounts
Derivatives subject to a master netting arrangement or similar agreement	$	(26,224	)	$	—	$	(26,224	)	$	16,497	$	644	$	(9,083	)

As of December 31, 2020
Derivatives subject to a master netting arrangement or similar agreement	$	(65,905	)	$	—	$	(65,905	)	$	44,893	$	12,272	$	(8,740	)

Goodwill Amortization

eeft_GoodwillAmortization

Finite-lived intangible assets, other changes

eeft_FiniteLivedIntangibleAssetsOtherChanges

$ (963,000)

Operating Lease, Weighted Average Remaining Lease Terms

eeft_OperatingLeaseWeightedAverageRemainingLeaseTerms

5 years 2 months 12 days

Total intangible assets, other changes

eeft_TotalIntangibleAssetsOtherChanges

$ (9,457,000)

Total intangible assets acquired during period

eeft_TotalIntangibleAssetsAcquiredDuringPeriod

Ria Operations [Member]

Foreign currency forward contract term

eeft_ForeignCurrencyForwardContractTerm

14 days

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