Company: ACIW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000935036-25-000006
Chunk: 30

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 30
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4 and 2023, there was $75.0 million available and no amount outstanding on the overdraft facility. 

66

OtherThe Company finances certain multi-year license agreements for internal-use software. Upon execution, these arrangements are treated as a non-cash investing and financing activity for purposes of the consolidated statements of cash flows. During the year ended December 31, 2022, the Company financed certain multi-year license agreements for internal-use software for $10.7 million, with annual payments through April 2024. As of December 31, 2024, there was no amount outstanding under these and other license agreements previously entered into. As of December 31, 2023, $3.6 million was outstanding under these and other license agreements previously entered into, all of which is included in other current liabilities in the consolidated balance sheet.

5. Software and Other Intangible Assets 

The carrying amount and accumulated amortization of the Company's software assets subject to amortization at each balance sheet date are as follows (in thousands):December 31, 2024December 31, 2023Gross CarryingAmountAccumulatedAmortizationNetBalanceGross CarryingAmountAccumulatedAmortizationNetBalanceSoftware for internal use$488,257 $(395,364)$92,893 $469,325 $(360,907)$108,418 Software for internal use amortization expense recorded during the years ended December 31, 2024, 2023, and 2022, totaled $63.3 million, $64.8 million, and $68.0 million, respectively. These software amortization expense amounts are reflected in depreciation and amortization in the consolidated statements of operations.Software for resale amortization expense recorded during the year ended December 31, 2022, totaled $0.7 million. Software for resale was fully amortized during the first quarter of 2022 and, therefore, there was no amortization expense recorded during the years ended December 31, 2024 and 2023. The software amortization expense amount is reflected in cost of revenue in the condensed consolidated statements of operations.The carrying amount and accumulated amortization of the Company’s other intangible assets subject to amortization at each balance sheet date are as follows (in thousands):December 31, 2024December 31, 2023Gross CarryingAmountAccumulatedAmortizationNetBalanceGross CarryingAmountAccumulatedAmortization