CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 158,385	$ 161,789
Settlement and merchant reserve assets	301,545	343,235
Trade accounts receivable:
Billed, net of allowance of $4,331 and $3,041	268,024	266,903
Unbilled	86,064	80,173
Income taxes receivable	6,930	2,600
Other current assets	41,939	46,182
Total current assets	862,887	900,882
Non-current assets:
Property and equipment, net of depreciation of $143,445 and $133,514	45,292	56,595
Operating lease right-of-use assets	17,353	24,166
Intangible Assets	54,188	59,304
Goodwill	323,909	316,041
Customer contract costs, net of amortization of $53,643 and $44,587	69,877	60,809
Deferred income taxes	83,700	73,295
Other assets	16,313	9,595
Total non-current assets	610,632	599,805
Total assets	1,473,519	1,500,687
Current liabilities:
Current portion of long-term debt	0	7,500
Operating lease liabilities	5,982	11,067
Customer deposits	44,158	41,448
Trade accounts payable	42,466	36,370
Accrued employee compensation	66,414	67,944
Settlement and merchant reserve liabilities	298,419	341,924
Deferred revenue	60,184	54,424
Income taxes payable	566	7,802
Other current liabilities	56,746	46,730
Total current liabilities	574,935	615,209
Non-current liabilities:
Long-term debt, net of unamortized discounts of $11,394 and $12,128	538,606	530,997
Operating lease liabilities	21,713	25,020
Deferred revenue	26,925	26,469
Income taxes payable	2,331	2,732
Deferred income taxes	69	94
Other non-current liabilities	19,444	17,597
Total non-current liabilities	609,088	602,909
Total liabilities	1,184,023	1,218,118
Stockholders' equity:
Preferred stock, par value $.01 per share; 10,000 shares authorized; zero shares issued and outstanding	0	0
Common stock, par value $.01 per share; 100,000 shares authorized; 28,608 and 28,854 shares outstanding	722	718
Additional paid-in capital	532,082	518,215
Treasury stock, at cost; 42,286 and 41,583 shares	(1,238,633)	(1,194,224)
Accumulated other comprehensive income (loss):
Cumulative foreign currency translation adjustments	(45,975)	(62,290)
Accumulated earnings	1,041,300	1,020,150
Total stockholders' equity	289,496	282,569
Total liabilities and stockholders' equity	1,473,519	1,500,687
Software
Non-current assets:
Intangible Assets	22,897	19,927
Acquired customer contracts
Non-current assets:
Intangible Assets	$ 31,291	$ 39,377

CSG SYSTEMS INTERNATIONAL INC 10-Q