A Dark Vector Cognition product

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-Q


☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2022

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 001-35004


FLEETCOR Technologies, Inc.

(Exact name of registrant as specified in its charter)


Delaware72-1074903
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
3280 Peachtree RoadAtlantaGeorgia30305
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (770) 449-0479

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockFLTNYSE

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

ClassOutstanding at August 5, 2022
Common Stock, $0.001 par value75,013,343

FLEETCOR TECHNOLOGIES, INC. AND SUBSIDIARIES

FORM 10-Q

For the Three and Six Months Ended June 30, 2022

INDEX

Page
PART I—FINANCIAL INFORMATION
Item 1.FINANCIAL STATEMENTS
Consolidated Balance Sheets at June 30, 2022 (unaudited) and December 31, 20211
Unaudited Consolidated Statements of Income for the Three and Six Months Ended June 30, 2022 and 20212
Unaudited Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2022 and 20213
Unaudited Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended June 30, 2022 and 20214
Unaudited Statements of Cash Flows for the Six Months Ended June 30, 2022 and 20215
Notes to Unaudited Consolidated Financial Statements6
Item 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS27
Item 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK46
Item 4.CONTROLS AND PROCEDURES46
PART II—OTHER INFORMATION
Item 1.LEGAL PROCEEDINGS47
Item 1A.RISK FACTORS48
Item 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS50
Item 3.DEFAULTS UPON SENIOR SECURITIES50
Item 4.MINE SAFETY DISCLOSURES50
Item 5.OTHER INFORMATION50
Item 6.EXHIBITS51
SIGNATURES52

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PART I—FINANCIAL INFORMATION

Next: Item 1. Financial Statements