2018 Q3 Form 10-Q Financial Statement

#000170511018000013 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q4 2017 Q3
Revenue $303.1M $223.2M $181.7M
YoY Change 66.81% 80.49% 36.06%
Cost Of Revenue $14.02M $11.68M $7.999M
YoY Change 75.21% 85.63% 17.18%
Gross Profit $289.1M $211.5M $173.7M
YoY Change 66.42% 80.22% 37.07%
Gross Profit Margin 95.38% 94.77% 95.6%
Selling, General & Admin $218.6M $208.9M $260.0M
YoY Change -15.92% 385.81% 282.85%
% of Gross Profit 75.6% 98.76% 149.64%
Research & Development $15.31M $15.40M $20.01M
YoY Change -23.49% -1.91% 17.71%
% of Gross Profit 5.3% 7.28% 11.52%
Depreciation & Amortization $21.70M $21.20M $6.300M
YoY Change 244.44% 430.0% 65.79%
% of Gross Profit 7.51% 10.02% 3.63%
Operating Expenses $233.9M $245.4M $280.0M
YoY Change -16.46% 318.06% 229.76%
Operating Profit $33.52M -$33.92M -$112.5M
YoY Change -129.79% -645.66% -1372.25%
Interest Expense $3.132M -$2.200M $0.00
YoY Change 69.23% -100.0%
% of Operating Profit 9.35%
Other Income/Expense, Net $1.566M -$100.0K $1.364M
YoY Change 14.81%
Pretax Income $31.93M -$36.20M -$113.0M
YoY Change -128.25% -502.22% 572.65%
Income Tax $5.140M $55.00M -$40.85M
% Of Pretax Income 16.1%
Net Earnings $26.79M -$58.23M -$72.16M
YoY Change -137.12% -2932.25% -1715.0%
Net Earnings / Revenue 8.84% -26.09% -39.71%
Basic Earnings Per Share $0.06 -$0.12 -$0.17
Diluted Earnings Per Share $0.05 -$0.12 -$0.17
COMMON SHARES
Basic Shares Outstanding 481.6M shares 415.4M shares
Diluted Shares Outstanding 520.8M shares 415.4M shares

Balance Sheet

Concept 2018 Q3 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $314.4M $221.5M $59.50M
YoY Change 428.33% 469.46% 57.41%
Cash & Equivalents $279.5M $221.5M $59.54M
Short-Term Investments $34.87M $0.00
Other Short-Term Assets $61.86M $12.77M $23.40M
YoY Change 164.35% 46.15% 24.47%
Inventory
Prepaid Expenses $10.94M
Receivables $44.39M $28.09M $30.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $420.6M $262.4M $113.6M
YoY Change 270.25% 311.17% 54.77%
LONG-TERM ASSETS
Property, Plant & Equipment $58.78M $53.29M $47.60M
YoY Change 23.48% 125.38% -43.27%
Goodwill $769.1M $770.2M
YoY Change 350.45%
Intangibles $280.6M $328.6M
YoY Change 2944.58%
Long-Term Investments
YoY Change
Other Assets $7.427M $2.072M $72.90M
YoY Change -89.81% -81.28%
Total Long-Term Assets $1.158B $1.205B $1.238B
YoY Change -6.44% 420.01% 1331.45%
TOTAL ASSETS
Total Short-Term Assets $420.6M $262.4M $113.6M
Total Long-Term Assets $1.158B $1.205B $1.238B
Total Assets $1.579B $1.467B $1.352B
YoY Change 16.81% 396.51% 745.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.70M $18.90M $50.00M
YoY Change -62.6% 162.5% 201.2%
Accrued Expenses $81.47M $75.17M $90.00M
YoY Change -9.48% 118.28% 383.87%
Deferred Revenue $66.67M $62.37M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.75M $13.75M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $180.6M $171.0M $199.0M
YoY Change -9.24% 152.84% 85.46%
LONG-TERM LIABILITIES
Long-Term Debt $248.5M $258.3M $79.50M
YoY Change 212.52% 38.5%
Other Long-Term Liabilities $11.61M $5.892M $4.900M
YoY Change 136.94% 162.22% 22.5%
Total Long-Term Liabilities $260.1M $264.2M $84.40M
YoY Change 208.13% 11658.08% 37.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $180.6M $171.0M $199.0M
Total Long-Term Liabilities $260.1M $264.2M $84.40M
Total Liabilities $440.7M $435.2M $317.4M
YoY Change 38.84% 522.71% 88.14%
SHAREHOLDERS EQUITY
Retained Earnings -$55.48M -$121.8M
YoY Change
Common Stock $1.156B $1.112B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.103B $993.3M $1.034B
YoY Change
Total Liabilities & Shareholders Equity $1.579B $1.467B $1.352B
YoY Change 16.81% 396.51% 745.4%

Cashflow Statement

Concept 2018 Q3 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $26.79M -$58.23M -$72.16M
YoY Change -137.12% -2932.25% -1715.0%
Depreciation, Depletion And Amortization $21.70M $21.20M $6.300M
YoY Change 244.44% 430.0% 65.79%
Cash From Operating Activities $80.10M -$14.10M $24.90M
YoY Change 221.69% -586.21% -259.62%
INVESTING ACTIVITIES
Capital Expenditures -$11.50M -$10.50M -$6.700M
YoY Change 71.64% 288.89% 76.32%
Acquisitions
YoY Change
Other Investing Activities -$34.80M $100.0K -$20.00M
YoY Change 74.0% -98.68% 9900.0%
Cash From Investing Activities -$46.30M -$10.50M -$26.60M
YoY Change 74.06% -314.29% 565.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.500M 186.6M 15.40M
YoY Change -161.69% 23225.0% -1284.62%
NET CHANGE
Cash From Operating Activities 80.10M -14.10M 24.90M
Cash From Investing Activities -46.30M -10.50M -26.60M
Cash From Financing Activities -9.500M 186.6M 15.40M
Net Change In Cash 24.30M 162.0M 13.70M
YoY Change 77.37% 1783.72% -165.55%
FREE CASH FLOW
Cash From Operating Activities $80.10M -$14.10M $24.90M
Capital Expenditures -$11.50M -$10.50M -$6.700M
Free Cash Flow $91.60M -$3.600M $31.60M
YoY Change 189.87% -164.29% -367.8%

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52021000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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22000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1402000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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7788000 USD
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3378000 USD
us-gaap Increase Decrease In Other Operating Assets
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5782000 USD
us-gaap Increase Decrease In Other Operating Assets
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19040000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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us-gaap Interest Expense Related Party
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InterestExpenseRelatedParty
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us-gaap Interest Expense Related Party
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CY2018Q3 us-gaap Long Term Debt Current
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CY2017Q4 us-gaap Minority Interest
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9748000 USD
CY2018Q3 us-gaap Minority Interest
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9014000 USD
us-gaap Minority Interest Decrease From Redemptions
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1236000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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38104000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
55853000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
153711000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-397000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1402000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
169000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-44894000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26617000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40631000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
40837000 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1364000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2100000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1566000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2975000 USD
us-gaap Number Of Operating Segments
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2 operating_segment
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-112505000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-113953000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
33515000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
46021000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
12772000 USD
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
61858000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2072000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7427000 USD
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
1000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
523000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-367000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-677000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-3000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-3000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
3578000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
5069000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
187000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-902000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3579000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
5592000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-177000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1628000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3579000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5592000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-180000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1631000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-954000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5892000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11610000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1328000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
107000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
27206000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
34816000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
66378000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16278000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32886000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
12574000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1289000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
34000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
39000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
131360000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10412000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2876000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53292000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58775000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
20625000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
34844000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
52000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
21300000 USD
CY2018Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
21942000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
104894000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1904000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
10313000 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20010000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
32529000 USD
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15309000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
44751000 USD
CY2016Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2017Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
190000 USD
CY2017Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2018Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2016Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
10548000 USD
CY2017Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0 USD
CY2017Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0 USD
CY2018Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
433000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-121764000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-55484000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
181717000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
513173000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
303116000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
853249000 USD
CY2017Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
130866000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
337654000 USD
CY2018Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
136412000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
416187000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
415420000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
414978000 shares
us-gaap Share Based Compensation
ShareBasedCompensation
120280000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
69433000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-23542000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
993346000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1102762000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1003094000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1111776000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
30000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1500000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2100000 USD
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
39269000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
31452000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
520839000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
511630000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
415420000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
414978000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
481570000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
480178000 shares
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: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 fair value of the marketable debt securities; the carrying value of accounts receivable, including the determination of the allowance for doubtful accounts; the determination of revenue reserves; unrecognized tax benefits; 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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