Company: ACIW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000935036-25-000031
Chunk: 74

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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% of the Company’s consolidated receivables balance as of September 30, 2025 and December 31, 2024. Deferred revenue includes amounts due or received from customers for software licenses, maintenance, services, and/or SaaS and PaaS services in advance of recording the related revenue. Changes in deferred revenue were as follows (in thousands):Balance, December 31, 2024$94,723 Deferral of revenue87,402 Recognition of deferred revenue(104,826)Foreign currency translation2,362 Balance, September 30, 2025$79,661 Revenue allocated to remaining performance obligations represents contracted revenue that will be recognized in future periods, which is comprised of deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. This does not include:•Revenue that will be recognized in future periods from capacity overages that are accounted for as a usage-based royalty.•SaaS and PaaS revenue from variable consideration that will be recognized in accordance with the ‘right to invoice’ practical expedient or meets the allocation objective.Revenue allocated to remaining performance obligations was $753.7 million as of September 30, 2025, of which the Company expects to recognize approximately 55% over the next 12 months and the remainder thereafter.

During the three and nine months ended September 30, 2025, revenue recognized by the Company from performance obligations satisfied in previous periods was $15.2 million and $50.5 million, respectively. 

3. Debt 

As of September 30, 2025, the Company had $240.0 million and $633.1 million outstanding under its Revolving Credit Facility and Term Loans, respectively, with up to $358.1 million of unused borrowings under the Revolving Credit Facility portion of the Credit Agreement, as amended, and up to $1.9 million of unused borrowings under Letter of Credit agreements. The amount of unused borrowings actually available varies in accordance with the terms of the agreement.Credit AgreementOn February 26, 2024, ACI Worldwide, Inc. (the “Company”) entered into a Refinance Amendment (the “Amendment”) to the Second Amended and Restated Credit Agreement, dated as of April 5, 2019 (as amended, restated, supplemented or otherwise modified from time to time, including by the Amendment, the “Credit Agreement”) among the Company, the subsidiary borrowers from time to time party thereto, the lenders from time