Company: DLX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000027996-25-000051
Chunk: 82

Company: DELUXE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 82
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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

ItemPageReport of Independent Registered Public Accounting Firm (PCAOB ID 238)41Consolidated Balance Sheets43Consolidated Statements of Income44Consolidated Statements of Comprehensive Income45Consolidated Statements of Shareholders' Equity46Consolidated Statements of Cash Flows47Notes to Consolidated Financial Statements:Note 1: Significant Accounting Policies48Note 2: New Accounting Pronouncements55Note 3: Supplemental Balance Sheet and Cash Flow Information55Note 4: Earnings Per Share60Note 5: Other Comprehensive Income (Loss)61Note 6: Divestitures62Note 7: Derivative Financial Instruments63Note 8: Fair Value Measurements64Note 9: Restructuring and Integration Expense65Note 10: Income Tax Provision67Note 11: Share-Based Compensation Plans69Note 12: Postretirement Benefits71Note 13: Debt76Note 14: Leases78Note 15: Other Commitments and Contingencies79Note 16: Shareholders' Equity80Note 17: Business Segment Information80

40

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of Deluxe Corporation

Opinions on the Financial Statements and Internal Control over Financial Reporting

We have audited the accompanying consolidated balance sheets of Deluxe Corporation and its subsidiaries (the "Company") as of December 31, 2024 and 2023, and the related consolidated statements of income, of comprehensive income, of shareholders' equity and of cash flows for each of the three years in the period ended December 31, 2024, including the related notes (collectively referred to as the "consolidated financial statements"). We also have audited the Company's internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion