2017 Q4 Form 10-K Financial Statement

#000170511018000004 Filed on March 14, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $223.2M $181.7M $180.7M
YoY Change 80.49% 36.06% 38.82%
Cost Of Revenue $11.68M $7.999M $7.562M
YoY Change 85.63% 17.18% 12.11%
Gross Profit $211.5M $173.7M $173.1M
YoY Change 80.22% 37.07% 40.28%
Gross Profit Margin 94.77% 95.6% 95.82%
Selling, General & Admin $208.9M $260.0M $163.1M
YoY Change 385.81% 282.85% 17.15%
% of Gross Profit 98.76% 149.64% 94.18%
Research & Development $15.40M $20.01M $6.943M
YoY Change -1.91% 17.71% -3571.5%
% of Gross Profit 7.28% 11.52% 4.01%
Depreciation & Amortization $21.20M $6.300M $5.900M
YoY Change 430.0% 65.79% 63.89%
% of Gross Profit 10.02% 3.63% 3.41%
Operating Expenses $245.4M $280.0M $170.0M
YoY Change 318.06% 229.76% 17.82%
Operating Profit -$33.92M -$112.5M -$2.836M
YoY Change -645.66% -1372.25% -129.81%
Interest Expense -$2.200M $0.00 $0.00
YoY Change 69.23% -100.0% -100.0%
% of Operating Profit
Other Income/Expense, Net -$100.0K $1.364M $505.0K
YoY Change
Pretax Income -$36.20M -$113.0M -$4.413M
YoY Change -502.22% 572.65% -133.69%
Income Tax $55.00M -$40.85M -$4.400M
% Of Pretax Income
Net Earnings -$58.23M -$72.16M -$25.00K
YoY Change -2932.25% -1715.0% -100.47%
Net Earnings / Revenue -26.09% -39.71% -0.01%
Basic Earnings Per Share -$0.12 -$0.17 $0.00
Diluted Earnings Per Share -$0.12 -$0.17 $0.00
COMMON SHARES
Basic Shares Outstanding 415.4M shares 414.8M shares
Diluted Shares Outstanding 415.4M shares 414.8M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $221.5M $59.50M $48.80M
YoY Change 469.46% 57.41% -16.58%
Cash & Equivalents $221.5M $59.54M $45.35M
Short-Term Investments $0.00 $10.50M
Other Short-Term Assets $12.77M $23.40M $20.30M
YoY Change 46.15% 24.47% 10.93%
Inventory
Prepaid Expenses $10.94M
Receivables $28.09M $30.70M $15.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $262.4M $113.6M $84.10M
YoY Change 311.17% 54.77% -10.25%
LONG-TERM ASSETS
Property, Plant & Equipment $53.29M $47.60M $77.50M
YoY Change 125.38% -43.27% -7.96%
Goodwill $770.2M
YoY Change 350.45%
Intangibles $328.6M
YoY Change 2944.58%
Long-Term Investments
YoY Change
Other Assets $2.072M $72.90M
YoY Change -81.28%
Total Long-Term Assets $1.205B $1.238B $79.50M
YoY Change 420.01% 1331.45% -8.62%
TOTAL ASSETS
Total Short-Term Assets $262.4M $113.6M $84.10M
Total Long-Term Assets $1.205B $1.238B $79.50M
Total Assets $1.467B $1.352B $163.6M
YoY Change 396.51% 745.4% -9.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.90M $50.00M $16.30M
YoY Change 162.5% 201.2% -9.44%
Accrued Expenses $75.17M $90.00M $17.10M
YoY Change 118.28% 383.87% -10.94%
Deferred Revenue $62.37M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.75M $0.00 $3.000M
YoY Change -100.0%
Total Short-Term Liabilities $171.0M $199.0M $97.30M
YoY Change 152.84% 85.46% -13.82%
LONG-TERM LIABILITIES
Long-Term Debt $258.3M $79.50M $55.10M
YoY Change 38.5% -5.0%
Other Long-Term Liabilities $5.892M $4.900M $2.400M
YoY Change 162.22% 22.5% -47.83%
Total Long-Term Liabilities $264.2M $84.40M $57.50M
YoY Change 11658.08% 37.46% -8.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $171.0M $199.0M $97.30M
Total Long-Term Liabilities $264.2M $84.40M $57.50M
Total Liabilities $435.2M $317.4M $154.8M
YoY Change 522.71% 88.14% -11.79%
SHAREHOLDERS EQUITY
Retained Earnings -$121.8M
YoY Change
Common Stock $1.112B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $993.3M $1.034B $8.800M
YoY Change
Total Liabilities & Shareholders Equity $1.467B $1.352B $163.6M
YoY Change 396.51% 745.4% -9.46%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$58.23M -$72.16M -$25.00K
YoY Change -2932.25% -1715.0% -100.47%
Depreciation, Depletion And Amortization $21.20M $6.300M $5.900M
YoY Change 430.0% 65.79% 63.89%
Cash From Operating Activities -$14.10M $24.90M $22.90M
YoY Change -586.21% -259.62% 349.02%
INVESTING ACTIVITIES
Capital Expenditures -$10.50M -$6.700M -$5.900M
YoY Change 288.89% 76.32% 1.72%
Acquisitions
YoY Change
Other Investing Activities $100.0K -$20.00M $6.000M
YoY Change -98.68% 9900.0% -3100.0%
Cash From Investing Activities -$10.50M -$26.60M $0.00
YoY Change -314.29% 565.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 186.6M 15.40M -20.30M
YoY Change 23225.0% -1284.62% -10250.0%
NET CHANGE
Cash From Operating Activities -14.10M 24.90M 22.90M
Cash From Investing Activities -10.50M -26.60M 0.000
Cash From Financing Activities 186.6M 15.40M -20.30M
Net Change In Cash 162.0M 13.70M 2.600M
YoY Change 1783.72% -165.55% -471.43%
FREE CASH FLOW
Cash From Operating Activities -$14.10M $24.90M $22.90M
Capital Expenditures -$10.50M -$6.700M -$5.900M
Free Cash Flow -$3.600M $31.60M $28.80M
YoY Change -164.29% -367.8% 164.22%

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254000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-103118000 USD
CY2017Q2 us-gaap Operating Income Loss
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-2836000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-112505000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-33918000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-147871000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
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86381000 USD
CY2015 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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-1325000 USD
CY2016 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
13008000 USD
CY2017 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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-103136000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-1568000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-514000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9513000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
8843000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
6216000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
24058000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1388000 USD
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11090000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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8306000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
9578000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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10859000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
13728000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
32820000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5800000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6200000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
8900000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
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11850000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
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27574000 USD
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8739000 USD
CY2017Q4 us-gaap Other Assets Current
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12772000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Current
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2283000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous Current
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1835000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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11067000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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2072000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
1015000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-581000 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-657000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
3980000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-581000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-657000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4968000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-581000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4968000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-581000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-657000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3953000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
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2247000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5892000 USD
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-874000 USD
CY2016 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
911000 USD
CY2015 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-398000 USD
CY2016 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2017 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1974000 USD
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3423000 USD
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2827000 USD
CY2017 us-gaap Other Sales Revenue Net
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3798000 USD
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0 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
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3013000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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0 USD
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10113000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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15649000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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66340000 USD
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10170000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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16660000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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26837000 USD
CY2015 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2016 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
209000 USD
CY2017 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
12789000 USD
CY2016Q4 us-gaap Prepaid Expense Current
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6456000 USD
CY2017Q4 us-gaap Prepaid Expense Current
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10937000 USD
CY2015 us-gaap Proceeds From Income Tax Refunds
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657000 USD
CY2016 us-gaap Proceeds From Income Tax Refunds
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263000 USD
CY2017 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
402000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
44838000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
131360000 USD
CY2015 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
CY2016 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
CY2017 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
275000000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
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9000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
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37000 USD
CY2015 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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0 USD
CY2016 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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CY2017 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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10604000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
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0 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1653000 USD
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ProfitLoss
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CY2016Q2 us-gaap Profit Loss
ProfitLoss
5351000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
4468000 USD
CY2016Q4 us-gaap Profit Loss
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2056000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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21300000 USD
CY2015 us-gaap Repayments Of Long Term Debt
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0 USD
CY2016 us-gaap Repayments Of Long Term Debt
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11350000 USD
CY2017Q2 us-gaap Profit Loss
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-25000 USD
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CY2017Q4 us-gaap Profit Loss
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CY2016Q4 us-gaap Property Plant And Equipment Gross
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41722000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
77660000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
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23645000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53292000 USD
CY2015 us-gaap Provision For Loan Lease And Other Losses
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13234000 USD
CY2016 us-gaap Provision For Loan Lease And Other Losses
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17425000 USD
CY2017 us-gaap Provision For Loan Lease And Other Losses
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27514000 USD
CY2015 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
CY2016 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
27000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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13781000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
181580000 USD
CY2015 us-gaap Research And Development Expense
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16842000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20596000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
47907000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
0 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-121764000 USD
CY2015 us-gaap Revenues
Revenues
361201000 USD
CY2016Q1 us-gaap Revenues
Revenues
111489000 USD
CY2016Q2 us-gaap Revenues
Revenues
130173000 USD
CY2016Q3 us-gaap Revenues
Revenues
133560000 USD
CY2016Q4 us-gaap Revenues
Revenues
123668000 USD
CY2016 us-gaap Revenues
Revenues
498890000 USD
CY2017Q1 us-gaap Revenues
Revenues
150745000 USD
CY2017Q2 us-gaap Revenues
Revenues
180711000 USD
CY2017Q3 us-gaap Revenues
Revenues
181717000 USD
CY2017Q4 us-gaap Revenues
Revenues
223213000 USD
CY2017 us-gaap Revenues
Revenues
736386000 USD
CY2015 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
225876000 USD
CY2016 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
306713000 USD
CY2017 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
464040000 USD
CY2017 us-gaap Severance Costs1
SeveranceCosts1
19800000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
25800000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
21700000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100700000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
346595000 USD
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
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6600000 USD
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P7Y1M6D
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
217700000 USD
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
17358000 shares
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
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-8490000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
153131000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
993346000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
144334000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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127250000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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162613000 USD
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
3.25
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
47115000 shares
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
148729000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y8M12D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M6D
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
2.22
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y8M12D
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1003094000 USD
CY2015 us-gaap Stockholders Equity Other
StockholdersEquityOther
0 USD
CY2016 us-gaap Stockholders Equity Other
StockholdersEquityOther
0 USD
CY2017 us-gaap Stockholders Equity Other
StockholdersEquityOther
-816000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
129000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1863000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
602000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1548000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
263000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1277000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
376000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
279000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
235000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1358000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
711000 USD
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
414754000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
414754000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
430612000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
414754000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
414754000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
430612000 shares
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Certain risks and concentrations</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s business is subject to certain risks and concentrations including dependence on third party technology providers, exposure to risks associated with online commerce security and credit card fraud.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments, which potentially subject the Company to concentration of credit risk, consist primarily of cash and cash equivalents. Cash and cash equivalents are maintained with financial institutions and are in excess of Federal Deposit Insurance Company insurance limits. </font></div></div>
CY2017 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ORGANIZATION</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ANGI Homeservices is the world's largest digital marketplace for home services, connecting millions of homeowners across the globe with home service professionals. ANGI Homeservices operates leading brands in eight countries, including&#160;HomeAdvisor&#174; and Angie's List&#174; (United States),&#160;HomeStars (Canada),&#160;Travaux.com (France), MyHammer (Germany and Austria),&#160;MyBuilder (UK),&#160;Werkspot (Netherlands)&#160;and&#160;Instapro (Italy).</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ANGI Homeservices owns and operates the HomeAdvisor digital marketplace in the United States (the &#8220;Marketplace&#8221;), which connects consumers with service professionals nationwide for home repair, maintenance and improvement projects. The Marketplace provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, as well as instantly book appointments with those professionals online or connect with them by telephone. Effective September 29, 2017, the Company also owns and operates Angie&#8217;s List, which connects consumers with service professionals for local services through a nationwide online directory of service professionals in over 700 service categories and provides consumers with valuable tools, services and content, including more than ten million verified reviews of local service professionals, to help them research, shop and hire for local services. In addition to its market-leading U.S. operations, ANGI Homeservices owns the leading home services online marketplaces in Canada (HomeStars, acquired on February 8, 2017), Germany and Austria (MyHammer, acquired on November 3, 2016), France (Travaux.com) and the Netherlands (Werkspot), as well as operations in Italy (Instapro) and the United Kingdom (MyBuilder, acquired on March 24, 2017). ANGI Homeservices also owns mHelpDesk, a provider of cloud-based field service software for small to mid-size businesses, and Felix, a pay-per-call advertising service.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company had a network of approximately </font><font style="font-family:inherit;font-size:10pt;">181,000</font><font style="font-family:inherit;font-size:10pt;"> Marketplace Paying Service Professionals providing services in more than </font><font style="font-family:inherit;font-size:10pt;">500</font><font style="font-family:inherit;font-size:10pt;"> categories and 400 discrete markets in the United States, ranging from simple home repairs to larger home remodeling projects. The Company generated approximately </font><font style="font-family:inherit;font-size:10pt;">18.1 million</font><font style="font-family:inherit;font-size:10pt;"> Marketplace Service Requests from consumers during the </font><font style="font-family:inherit;font-size:10pt;">year ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company also had approximately </font><font style="font-family:inherit;font-size:10pt;">45,000</font><font style="font-family:inherit;font-size:10pt;"> Angie's List Advertising Service Professionals.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has two operating segments: (i) North America, which primarily includes HomeAdvisor's operations in the United States, Angie's List, mHelpDesk and HomeStars, and (ii) Europe, which includes Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro.</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">September&#160;29, 2017</font><font style="font-family:inherit;font-size:10pt;">, IAC/InterActiveCorp ("IAC") and Angie's List Inc. ("Angie's List") combined IAC's HomeAdvisor business and Angie's List under a new publicly traded company called ANGI Homeservices Inc. The merger agreement provided for the combination with Angie&#8217;s List by way of the merger of a direct wholly-owned subsidiary of ANGI&#160;Homeservices with and into Angie&#8217;s List (the "Combination"), with Angie&#8217;s List continuing as the surviving company in the Combination. Prior to the effective time of the Combination, IAC contributed its HomeAdvisor business, along with certain cash, to ANGI Homeservices in exchange for shares of ANGI Homeservices Class B common stock. Following the Combination, Angie&#8217;s List and the legal entity that holds the HomeAdvisor business are direct wholly-owned subsidiaries of ANGI Homeservices Inc. At </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, IAC owned </font><font style="font-family:inherit;font-size:10pt;">86.9%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">98.5%</font><font style="font-family:inherit;font-size:10pt;"> of the economic and voting interest, respectively, of ANGI Homeservices. See "</font><a style="font-family:inherit;font-size:10pt;" href="#s07E062DAF63BD913401ADA9308AA026A"><font style="font-family:inherit;font-size:10pt;">Note 4&#8212;Business Combinations</font></a><font style="font-family:inherit;font-size:10pt;">" for additional information related to the Combination.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All references to "ANGI Homeservices," the "Company," "we," "our" or "us" in this report are to ANGI Homeservices Inc.</font></div></div>
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform to the current year presentation.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting estimates</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its consolidated and combined financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On an ongoing basis, the Company evaluates its estimates and judgments including those related to: the recoverability of goodwill and indefinite-lived intangible assets; the useful lives and recoverability of definite-lived intangible assets and property and equipment; the carrying value of accounts receivable, including the determination of the allowance for doubtful accounts; the determination of revenue reserves; the liabilities for uncertain tax positions; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant.</font></div></div>

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