Last10K.com

Western Union Co (WU) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

SEC Filings

Western Union Co

CIK: 1365135 Ticker: WU

 

Exhibit 99.1

 

img228933575_0.jpg 

FOR IMMEDIATE RELEASE

 

 

 

Western Union Reports Fourth Quarter and Full Year 2021 Results

 

Q4 GAAP earnings per share (EPS) of $0.42, adjusted EPS of $0.64

 

Full year 2021 digital money transfer revenue grows 22% to more than $1 billion continuing double-digit revenue growth in the fourth quarter

 

Company announces new $1 billion 3-year share repurchase authorization

and dividend of $0.235 per share in first quarter of 2022

 

 

DENVER, February 10, 2022

: The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today reported fourth quarter and full year financial results and provided its 2022 full year financial outlook.

 

The Company’s fourth quarter revenue of $1.3 billion increased 1% on a reported basis and increased 2% on a constant currency basis compared to the prior year period. Fourth quarter revenue was driven by growth of digital money transfer and the Business Solutions segment, partially offset by a decline in retail money transfer.

 

GAAP EPS in the fourth quarter was $0.42, compared to $0.43 in the prior year period. The year-over-year decrease in GAAP EPS was primarily due to a non-cash charge from the termination of the Company’s pension plan, partially offset by increased Business Solutions segment operating profit and lower planned marketing expense.

 

Adjusted EPS in the fourth quarter was $0.64, compared to $0.45 in the prior year period. Year-over-year growth in adjusted EPS was driven by similar factors that impacted GAAP EPS, adjusted for certain items including a non-cash charge from the termination of the Company’s pension plan and acquisition and divestiture costs. For a full reconciliation between GAAP and Adjusted EPS, please see the “Adjustment Items” section of this press release.

 

The Company announced that its board of directors approved a new $1 billion share repurchase authorization, expiring December 31, 2024. The Company also announced a quarterly dividend of $0.235 per common share, payable March 31, 2022, to shareholders of record at the close of business on March 17, 2022.

 

 


The following information was filed by Western Union Co (WU) on Thursday, February 10, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Western Union Co's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Western Union Co.

Continue

Assess how Western Union Co's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Western Union Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
M & A
Legal
Revenue
Other
Filter Subcategory:
All
Cash Flow
Income
Product
Expense
Geography
Earnings
Debt
Shares
Dividend
Other
Inside Western Union Co's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Income (Parenthetical)
Consolidated Statements Of Stockholders' Equity/(Deficit)
Consolidated Statements Of Stockholders' Equity/(Deficit) (Parentheticals)
Borrowings
Borrowings (Tables)
Borrowings - Narrative (Details)
Borrowings - Schedule Of Maturities Of Borrowings (Details)
Borrowings - Schedule Of Outstanding Borrowings (Details)
Borrowings - Schedule Of Outstanding Borrowings (Parenthetical) (Details)
Business And Basis Of Presentation
Business And Basis Of Presentation (Tables)
Business And Basis Of Presentation - Narrative (Details)
Business And Basis Of Presentation - Summary Of Effects Of Changes In Presentation Cash Flows (Details)
Commitments And Contingencies
Commitments And Contingencies - Narrative (Details)
Derivatives
Derivatives (Tables)
Derivatives - Fair Value Of Derivatives (Details)
Derivatives - Gains/(Losses) From Hedging Activities (Details)
Derivatives - Gross And Net Fair Value Of Derivative Assets And Liabilities (Details)
Derivatives - Narrative (Details)
Derivatives - Notional Amounts Of Foreign Currency Forward Contracts (Details)
Derivatives - Notional Amounts Of Foreign Currency Forward Contracts (Parenthetical) (Details)
Derivatives - Undesignated Hedges (Details)
Derivatives - Undesignated Hedges (Parenthetical) (Details)
Derivatives - Unrealized Gains/(Losses) (Details)
Derivatives - Unrealized Gains/(Losses) (Parenthetical) (Details)
Divestitures, Investment Activities, And Goodwill
Divestitures, Investment Activities, And Goodwill (Tables)
Divestitures, Investment Activities, And Goodwill - Narrative (Details)
Divestitures, Investment Activities, And Goodwill - Schedule Of Accumulated Impairment Losses Of Goodwill (Details)
Divestitures, Investment Activities, And Goodwill - Schedule Of Accumulated Impairment Losses Of Goodwill (Parenthetical) (Details)
Divestitures, Investment Activities, And Goodwill - Schedule Of Assets And Liabilities Held For Sale (Details)
Divestitures, Investment Activities, And Goodwill - Schedule Of Assets And Liabilities Held For Sale (Parenthesis) (Details)
Divestitures, Investment Activities, And Goodwill - Schedule Of Changes To Goodwill (Details)
Employee Benefit Plans
Employee Benefit Plans - Narrative (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Fair Value Measurements - Narrative (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Pre-Tax Income (Details)
Income Taxes - Components Of Provision For Income Taxes (Details)
Income Taxes - Effective Tax Rates (Details)
Income Taxes - Narrative (Details)
Income Taxes - Principal Components Of Deferred Tax Items (Details)
Income Taxes - Principal Components Of Deferred Tax Items (Parenthetical) (Details)
Income Taxes - Provision For Income Taxes (Details)
Income Taxes - Reconciliation Of Beginning And Ending Of Unrecognized Tax Benefits (Details)
Leases
Leases (Tables)
Leases - Narrative (Details)
Leases - Schedule Of Maturities Of Operating Lease Liabilities (Details)
Leases - Schedule Of Weighted Average Lease Terms And Discount Rate (Details)
Other Assets And Other Liabilities
Other Assets And Other Liabilities (Tables)
Other Assets And Other Liabilities - Schedule Of Components Of Other Assets And Other Liabilities (Details)
Other Assets And Other Liabilities - Schedule Of Components Of Other Assets And Other Liabilities (Parentheticals) (Details)
Related Party Transactions
Related Party Transactions - Narrative (Details)
Restructuring-Related Expenses
Restructuring-Related Expenses (Tables)
Restructuring-Related Expenses - Schedule Of Restructuring Accruals (Details)
Restructuring-Related Expenses - Schedule Of Restructuring-Related Expenses (Details)
Revenue
Revenue (Tables)
Revenue - Disaggregation Of Revenue Earned From Contracts With Customers (Details)
Revenue - Disaggregation Of Revenue Earned From Contracts With Customers (Parenthetical) (Details)
Revenue - Narrative (Details)
Schedule I - Condensed Financial Information Of The Registrant
Schedule I - Condensed Financial Information Of The Registrant - Condensed Balance Sheets (Details)
Schedule I - Condensed Financial Information Of The Registrant - Condensed Balance Sheets (Parenthetical) (Details)
Schedule I - Condensed Financial Information Of The Registrant - Condensed Statements Of Cash Flow (Details)
Schedule I - Condensed Financial Information Of The Registrant - Condensed Statements Of Income And Comprehensive Income (Details)
Schedule I - Condensed Financial Information Of The Registrant - Maturities Of Operating Lease Liabilities (Details)
Schedule I - Condensed Financial Information Of The Registrant - Narrative (Details)
Schedule I - Condensed Financial Information Of The Registrant - Promissory Notes (Details)
Schedule I - Condensed Financial Information Of The Registrant - Summary Of Weighted-Average Lease Term And Discount Rate (Details)
Segments
Segments (Tables)
Segments - Information Concerning Principal Geographic Areas (Details)
Segments - Narrative (Details)
Segments - Segments Results (Details)
Segments - Segments Results (Parenthetical) (Details)
Settlement Assets And Obligations
Settlement Assets And Obligations (Tables)
Settlement Assets And Obligations - Components Of Investment Securities (Details)
Settlement Assets And Obligations - Contractual Maturities Of Debt Securities (Details)
Settlement Assets And Obligations - Narrative (Details)
Settlement Assets And Obligations - Schedule Of Settlement Assets And Obligations (Details)
Settlement Assets And Obligations - Schedule Of Settlement Assets And Obligations (Parenthetical) (Details)
Settlement Assets And Obligations - Summary Of Activity In The Allowance For Credit Losses (Details)
Settlement Assets And Obligations - Summary Of Activity In The Allowance For Credit Losses (Parenthetical) (Details)
Stock-Based Compensation Plans
Stock-Based Compensation Plans (Tables)
Stock-Based Compensation Plans - Narrative (Details)
Stock-Based Compensation Plans - Schedule Of Assumptions For The Black-Scholes Option Pricing Model (Details)
Stock-Based Compensation Plans - Schedule Of Impact On Earnings (Details)
Stock-Based Compensation Plans - Schedule Of Restricted Stock Units And Performance-Based Restricted Stock Units Activity (Details)
Stock-Based Compensation Plans - Schedule Of Stock Option Activity (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Narrative (Details)
Stockholders' Equity - Schedule Of Amounts Reclassified From Aocl (Details)
Stockholders' Equity - Schedule Of Components Of Accumulated Other Comprehensive Income/(Loss) (Details)
Stockholders' Equity - Schedule Of Dividends Declared (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Narrative (Details)
Summary Of Significant Accounting Policies - Schedule Of Components Of Other Intangible Assets (Details)
Summary Of Significant Accounting Policies - Schedule Of Diluted Weighted-Average Shares Outstanding (Details)
Summary Of Significant Accounting Policies - Schedule Of Property And Equipment (Details)
Ticker: WU
CIK: 1365135
Form Type: 10-K Annual Report
Accession Number: 0000950170-22-001962
Submitted to the SEC: Thu Feb 24 2022 4:07:44 PM EST
Accepted by the SEC: Thu Feb 24 2022
Period: Friday, December 31, 2021
Industry: Business Services

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/wu/0000950170-22-001962.htm