Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 36

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 36
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.5%

        Probability of successful achievement*
         
        0% - 100%
         
        29% - 95%
       
      _____________________________* Probability of successful achievement was set at different targets based on the Company’s estimates on achieving them. The weighted average probability of successful achievement as of December 31, 2024 was 42.3%.Increases or decreases in the discount rate would result in a lower or higher fair value measurement, respectively. Increases or decreases in any of the probabilities of success in which the revenue, volume, cross-selling and the engineering implementation milestones are expected to be achieved would result in higher or lower fair value measurement, respectively.The following table summarizes the changes in the carrying value of the contingent consideration for the years ended December 31, 2024, 2023 and 2022 (in thousands): 

        Year Ended December 31,

        2024

        2023

        2022

        Beginning balance
         
        $
        2,882

        $
        1,332

        $
        11,309

        Additions

        4,508

        2,703

        1,695

        Change in fair value

        (978
        )

        380

        (2,805
        )

        Contingent consideration paid*

        (1,125
        )

        (1,674
        )

        (8,664
        )

        Foreign currency translation adjustment

        (193
        )

        141

        (203
        )

        Ending balance
         
        $
        5,094

        $
        2,882

        $
        1,332

       * For the years ended December 31, 2024 and 2023, contingent consideration paid has been bifurcated between the financing and operating sections of the consolidated statement of cash flows. Amounts paid up to the fair value initially recorded in purchase accounting is reported in the financing section of the consolidated statement of cash flows, while any excess is reported in the operating section of the consolidated statement of cash flows. For the year ended December 31, 2022, contingent consideration paid has been bifurcated among the investing, financing and operating sections of the consolidated statement of cash flows. Contingent consideration paid within three months after the acquisition date of Cohort Go is reported in the investing section of the consolidated statement of cash flows given the proximity to the