Company: ACIW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000935036-25-000019
Chunk: 139

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 139
---
 June 30, 2025, compared to the same period in 2024, due to a $57.2 million increase in revenue primarily related to an increase in license and capacity revenue, partially offset by a $14.2 million increase in cash operating expense.

Biller Segment Adjusted EBITDA increased $2.5 million for the six months ended June 30, 2025, compared to the same period in 2024, due to a $49.1 million increase in revenue, partially offset by a $46.6 million increase in cash operating expense primarily for payment card interchange and other processing fees.

38

Liquidity and Capital Resources

General

Our primary liquidity needs are: (i) to fund normal operating expenses; (ii) to meet the interest and principal requirements of our outstanding indebtedness; and (iii) to fund acquisitions, capital expenditures, and lease payments. We believe these needs will be satisfied using cash flow generated by our operations, our cash and cash equivalents, and available borrowings under our revolving credit facility over the next 12 months and beyond.

Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less. As of June 30, 2025, we had $189.7 million of cash and cash equivalents, of which $90.7 million was held by our foreign subsidiaries. If these funds were needed for our operations in the United States, we may potentially be required to accrue and pay foreign and U.S. state income taxes to repatriate these funds. As of June 30, 2025, only the earnings from our Indian foreign subsidiaries are indefinitely reinvested. We are also permanently reinvested in the outside book/tax basis differences related to foreign subsidiaries. These outside basis differences could reverse through the sale of foreign subsidiaries, as well as various other events, none of which are considered probable as of June 30, 2025.

Available Liquidity

The following table sets forth our available liquidity for the dates indicated (in thousands):June 30, 2025December 31, 2024Cash and cash equivalents$189,697 $216,394 Availability under revolving credit facility338,100 528,100 Total liquidity$527,797 $744,494 

The decrease in total liquidity is primarily due to increased borrowings on the revolving credit facility used to redeem the Company's outstanding 2026 Notes.

The Company and ACI Payments,