2023 Q1 Form 10-K Financial Statement

#000095017023005456 Filed on March 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.614B $1.703B $6.558B
YoY Change 53.15% 54550.0%
Cost Of Revenue $1.189B $1.237B $4.844B
YoY Change 8.58% 47.61% 61.41%
Gross Profit $425.0M $466.0M $1.714B
YoY Change 13.03% 70.07% 82.53%
Gross Profit Margin 26.33% 27.36% 26.14%
Selling, General & Admin $352.0M $351.0M $1.552B
YoY Change -8.09% 82.81% 93.28%
% of Gross Profit 82.82% 75.32% 90.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.00M $79.00M $77.00M
YoY Change 0.0% 64.58% 2.67%
% of Gross Profit 4.47% 16.95% 4.49%
Operating Expenses $352.0M $405.0M $1.552B
YoY Change -8.09% 80.8% 93.28%
Operating Profit $73.00M $61.00M $162.0M
YoY Change -1142.86% 22.0% 19.12%
Interest Expense $37.00M -$37.00M $125.0M
YoY Change 37.04% 117.65% 108.33%
% of Operating Profit 50.68% -60.66% 77.16%
Other Income/Expense, Net -$35.00M $14.00M -$69.00M
YoY Change 118.75% 21.05%
Pretax Income $38.00M $26.00M $93.00M
YoY Change -265.22% -21.21% 17.72%
Income Tax $12.00M $4.000M $20.00M
% Of Pretax Income 31.58% 15.38% 21.51%
Net Earnings $26.00M $11.00M $73.00M
YoY Change -471.43% -26.67% 55.32%
Net Earnings / Revenue 1.61% 0.65% 1.11%
Basic Earnings Per Share $0.05 $0.10
Diluted Earnings Per Share $0.05 $0.04 $0.10
COMMON SHARES
Basic Shares Outstanding 234.5M 233.9M 233.2M
Diluted Shares Outstanding 267.2M 266.1M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $363.0M $605.0M $605.0M
YoY Change 15.24% -49.07% -49.07%
Cash & Equivalents $363.0M $605.0M $605.0M
Short-Term Investments
Other Short-Term Assets $127.0M $112.0M $112.0M
YoY Change -5.22% -70.91% -70.91%
Inventory $163.0M $163.0M $163.0M
Prepaid Expenses
Receivables $1.221B $1.313B $1.772B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.364B $2.652B $2.652B
YoY Change 6.15% 0.99% 0.99%
LONG-TERM ASSETS
Property, Plant & Equipment $412.0M $407.0M $629.0M
YoY Change 7.29% 24.85% 47.31%
Goodwill $2.405B $2.382B
YoY Change 4.11% 115.37%
Intangibles $1.734B $1.784B
YoY Change -20.53% 102.27%
Long-Term Investments
YoY Change
Other Assets $127.0M $144.0M $644.0M
YoY Change 76.39% 220.0% 445.76%
Total Long-Term Assets $5.402B $5.439B $5.439B
YoY Change -8.67% 114.73% 114.73%
TOTAL ASSETS
Total Short-Term Assets $2.364B $2.652B $2.652B
Total Long-Term Assets $5.402B $5.439B $5.439B
Total Assets $7.766B $8.091B $8.091B
YoY Change -4.62% 56.83% 56.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $442.0M $490.0M $490.0M
YoY Change 13.04% 107.63% 107.63%
Accrued Expenses $528.0M $729.0M $729.0M
YoY Change 0.38% 115.68% 101.38%
Deferred Revenue $469.0M $463.0M
YoY Change 11.14% 90.53%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $78.00M $212.0M $212.0M
YoY Change 1460.0% 657.14% 5200.0%
Total Short-Term Liabilities $1.549B $1.921B $1.921B
YoY Change 13.31% 121.57% 121.57%
LONG-TERM LIABILITIES
Long-Term Debt $2.743B $2.595B $2.595B
YoY Change -2.7% 40.65% 46.78%
Other Long-Term Liabilities $126.0M $111.0M $311.0M
YoY Change 0.0% 56.34% 96.82%
Total Long-Term Liabilities $126.0M $111.0M $2.906B
YoY Change 0.0% 56.34% 50.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.549B $1.921B $1.921B
Total Long-Term Liabilities $126.0M $111.0M $2.906B
Total Liabilities $4.804B $5.167B $5.167B
YoY Change -5.19% 82.19% 82.19%
SHAREHOLDERS EQUITY
Retained Earnings -$138.0M -$164.0M
YoY Change -45.88% -30.8%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.165B $2.127B $2.924B
YoY Change
Total Liabilities & Shareholders Equity $7.766B $8.091B $8.091B
YoY Change -4.62% 56.83% 56.83%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $26.00M $11.00M $73.00M
YoY Change -471.43% -26.67% 55.32%
Depreciation, Depletion And Amortization $19.00M $79.00M $77.00M
YoY Change 0.0% 64.58% 2.67%
Cash From Operating Activities -$1.000M $188.0M $270.0M
YoY Change -99.15% 64.91% 48.35%
INVESTING ACTIVITIES
Capital Expenditures $21.00M $19.00M $79.00M
YoY Change 75.0% -258.33% 43.64%
Acquisitions $10.00M $2.839B
YoY Change -99.65% 3201.16%
Other Investing Activities -$6.000M $49.00M -$2.822B
YoY Change -99.79% -275.0% 4175.76%
Cash From Investing Activities -$27.00M $30.00M -$2.901B
YoY Change -99.06% -175.0% 2297.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $44.00M
YoY Change
Debt Paid & Issued, Net $202.0M $34.00M
YoY Change 573.33% -89.41%
Cash From Financing Activities -216.0M -17.00M 1.756B
YoY Change -111.8% -105.9% 91.49%
NET CHANGE
Cash From Operating Activities -1.000M 188.0M 270.0M
Cash From Investing Activities -27.00M 30.00M -2.901B
Cash From Financing Activities -216.0M -17.00M 1.756B
Net Change In Cash -242.0M 201.0M -884.0M
YoY Change -79.37% -44.48% -190.57%
FREE CASH FLOW
Cash From Operating Activities -$1.000M $188.0M $270.0M
Capital Expenditures $21.00M $19.00M $79.00M
Free Cash Flow -$22.00M $169.0M $191.0M
YoY Change -83.08% 34.13% 50.39%

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CY2022 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Earnings Per Share Diluted
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CY2020 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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206000000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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9000000
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62000000
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55000000
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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0
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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165000000
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CY2021 us-gaap Comprehensive Income Net Of Tax
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CY2020 apg Adjustments To Additional Paid In Capital Shares Cancelled Value
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CY2020 us-gaap Stock Repurchased And Retired During Period Value
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230000000
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15000000
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CY2022 us-gaap Net Income Loss
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73000000
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62000000
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29000000
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2127000000
CY2022 us-gaap Net Income Loss
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73000000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
47000000
CY2020 us-gaap Net Income Loss
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77000000
CY2021 us-gaap Depreciation
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CY2020 us-gaap Depreciation
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CY2022 us-gaap Adjustment For Amortization
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227000000
CY2021 us-gaap Adjustment For Amortization
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127000000
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182000000
CY2022 us-gaap Restructuring Charges
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22000000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
197000000
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47000000
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CY2022 us-gaap Share Based Compensation
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18000000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
12000000
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ShareBasedCompensation
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ProfitSharingExpense
15000000
CY2021 apg Profit Sharing Expense
ProfitSharingExpense
15000000
CY2020 apg Profit Sharing Expense
ProfitSharingExpense
14000000
CY2022 apg Noncash Lease Expense
NoncashLeaseExpense
67000000
CY2021 apg Noncash Lease Expense
NoncashLeaseExpense
31000000
CY2020 apg Noncash Lease Expense
NoncashLeaseExpense
30000000
CY2022 apg Net Periodic Pension Benefit
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35000000
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CY2021 us-gaap Other Noncash Income Expense
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CY2022 us-gaap Pension And Other Postretirement Benefit Contributions
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34000000
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148000000
CY2021 us-gaap Increase Decrease In Accounts Receivable
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99000000
CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Contract With Customer Asset
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69000000
CY2021 us-gaap Increase Decrease In Contract With Customer Asset
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73000000
CY2020 us-gaap Increase Decrease In Contract With Customer Asset
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30000000
CY2021 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Accounts Payable
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71000000
CY2021 us-gaap Increase Decrease In Accounts Payable
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78000000
CY2020 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accrued Taxes Payable
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47000000
CY2021 us-gaap Increase Decrease In Accrued Taxes Payable
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15000000
CY2020 us-gaap Increase Decrease In Accrued Taxes Payable
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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71000000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
19000000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
17000000
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
52000000
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
89000000
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
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24000000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
270000000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
182000000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
496000000
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2839000000
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
86000000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
319000000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
79000000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
55000000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38000000
CY2022 apg Proceeds From Sales Of Property Equipment Held For Sale Assets And Disposals Of Businesses
ProceedsFromSalesOfPropertyEquipmentHeldForSaleAssetsAndDisposalsOfBusinesses
17000000
CY2021 apg Proceeds From Sales Of Property Equipment Held For Sale Assets And Disposals Of Businesses
ProceedsFromSalesOfPropertyEquipmentHeldForSaleAssetsAndDisposalsOfBusinesses
20000000
CY2020 apg Proceeds From Sales Of Property Equipment Held For Sale Assets And Disposals Of Businesses
ProceedsFromSalesOfPropertyEquipmentHeldForSaleAssetsAndDisposalsOfBusinesses
17000000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2901000000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-121000000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-340000000
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1104000000
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
650000000
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
250000000
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
34000000
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
21000000
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
5000000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
44000000
CY2021 us-gaap Repayments Of Long Term Debt
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321000000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30000000
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
797000000
CY2022 apg Payments For Repurchases Of Long Term Borrowings
PaymentsForRepurchasesOfLongTermBorrowings
30000000
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
29000000
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
676000000
CY2020 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
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CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
74000000
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
93000000
CY2022 apg Restricted Shares Tendered For Taxes
RestrictedSharesTenderedForTaxes
-3000000
CY2021 apg Restricted Shares Tendered For Taxes
RestrictedSharesTenderedForTaxes
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CY2020 apg Restricted Shares Tendered For Taxes
RestrictedSharesTenderedForTaxes
-2000000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1756000000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
917000000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
99000000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-9000000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-2000000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4000000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-884000000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
976000000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
259000000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1491000000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
515000000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
256000000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
607000000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1491000000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
515000000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
120000000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
41000000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
47000000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
43000000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
66000000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
29000000
CY2022 apg Accrued Consideration Issued In Business Combinations
AccruedConsiderationIssuedInBusinessCombinations
1000000
CY2021 apg Accrued Consideration Issued In Business Combinations
AccruedConsiderationIssuedInBusinessCombinations
18000000
CY2020 apg Accrued Consideration Issued In Business Combinations
AccruedConsiderationIssuedInBusinessCombinations
5000000
CY2022 apg Share Of Common Stock Issued To Profit Sharing Plan
ShareOfCommonStockIssuedToProfitSharingPlan
13000000
CY2021 apg Share Of Common Stock Issued To Profit Sharing Plan
ShareOfCommonStockIssuedToProfitSharingPlan
13000000
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">NOTE 1. NATURE OF BUSINESS</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">APi Group Corporation (the “Company”, “APG”, or "APi Group") is a global, market-leading business services provider of safety and specialty services in over </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">500</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> locations worldwide.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2022Q4 apg Number Of Locations In Which Entity Operates
NumberOfLocationsInWhichEntityOperates
500
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2000000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3000000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
12000000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-164000000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-11000000
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9000000
CY2022 us-gaap Goodwill Change In Goodwill Allocation Description
GoodwillChangeInGoodwillAllocationDescription
The components are aligned to one of the Company’s two reportable segments, Safety Services or Specialty Services. Goodwill is required to be evaluated for impairment at the reporting unit level, which represents the operating segment level or one level below the operating segment level for which discrete financial information is available.Management identifies its reporting units by assessing whether components have discrete financial information available, engage in business activities, and have a segment manager regularly review the component’s operating results. If two or more components are deemed economically similar, those components are aggregated into one reporting unit when performing the annual goodwill impairment test.
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q4 apg Accrued Liabilities For Workers Compensation General And Automobile Claims
AccruedLiabilitiesForWorkersCompensationGeneralAndAutomobileClaims
123000000
CY2021Q4 apg Accrued Liabilities For Workers Compensation General And Automobile Claims
AccruedLiabilitiesForWorkersCompensationGeneralAndAutomobileClaims
64000000
CY2022Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
11000000
CY2021Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
8000000
CY2022Q4 apg Accrued Liabilities For Health Insurance Claims
AccruedLiabilitiesForHealthInsuranceClaims
7000000
CY2021Q4 apg Accrued Liabilities For Health Insurance Claims
AccruedLiabilitiesForHealthInsuranceClaims
6000000
CY2022Q1 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
1200000000
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
6099000000
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-189000000
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
22000000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6558000000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3940000000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3587000000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6558000000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3940000000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3587000000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2891000000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.87
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q1 apg Customers With Payment Terms
CustomersWithPaymentTerms
30 days
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
639000000
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
142000000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
219000000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
767000000
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
217000000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
243000000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1313000000
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
459000000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
463000000
CY2022 apg Accounts Receivable Includes Retentions Receivable
AccountsReceivableIncludesRetentionsReceivable
150000000
CY2021 apg Accounts Receivable Includes Retentions Receivable
AccountsReceivableIncludesRetentionsReceivable
117000000
CY2022 apg Accounts Receivable Includes Retentions Receivable Within One Year
AccountsReceivableIncludesRetentionsReceivableWithinOneYear
35000000
CY2021 apg Accounts Receivable Includes Retentions Receivable Within One Year
AccountsReceivableIncludesRetentionsReceivableWithinOneYear
25000000
CY2021 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2020Q4 us-gaap Goodwill
Goodwill
1082000000
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
47000000
CY2021 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-23000000
CY2021Q4 us-gaap Goodwill
Goodwill
1106000000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1372000000
CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-96000000
CY2022Q4 us-gaap Goodwill
Goodwill
2382000000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2365000000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
581000000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1784000000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1240000000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
358000000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
882000000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
221000000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
195000000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
195000000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
195000000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
171000000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
807000000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1784000000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
227000000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
127000000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
182000000
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
113000000
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
4000000
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
18000000
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
15000000
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4000000
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
7000000
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
7000000
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
3000000
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
6000000
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
4000000
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
4000000
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4000000
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4000000
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
7000000
CY2022Q4 apg Business Combination Contingent Consideration Arrangements Number Of Open Arrangements
BusinessCombinationContingentConsiderationArrangementsNumberOfOpenArrangements
3
CY2021Q4 apg Business Combination Contingent Consideration Arrangements Number Of Open Arrangements
BusinessCombinationContingentConsiderationArrangementsNumberOfOpenArrangements
3
CY2020Q4 apg Business Combination Contingent Consideration Arrangements Number Of Open Arrangements
BusinessCombinationContingentConsiderationArrangementsNumberOfOpenArrangements
3
CY2020Q4 apg Business Combination Contingent Consideration Arrangements Maximum Potential Payout
BusinessCombinationContingentConsiderationArrangementsMaximumPotentialPayout
7000000
CY2022Q4 apg Business Combination Contingent Consideration Arrangements Maximum Potential Payout
BusinessCombinationContingentConsiderationArrangementsMaximumPotentialPayout
4000000
CY2021Q4 apg Business Combination Contingent Consideration Arrangements Maximum Potential Payout
BusinessCombinationContingentConsiderationArrangementsMaximumPotentialPayout
5000000
CY2022Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2309000000
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
113000000
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1070000000
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
18000000
CY2021Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
-11000000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
625000000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
481000000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
218000000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
155000000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
407000000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
326000000
CY2022 us-gaap Depreciation
Depreciation
77000000
CY2021 us-gaap Depreciation
Depreciation
75000000
CY2020 us-gaap Depreciation
Depreciation
81000000
CY2022 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Some leases include one or more options to renew, generally at the Company’s sole discretion, with renewal terms that can extend the lease term by one to twelve years or more.
CY2021 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2022 us-gaap Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
In addition, certain leases contain termination options, where the rights to terminate are held by either the Company, the lessor, or both parties. These options to extend or terminate a lease are included in the lease terms when it is reasonably certain that the Company will exercise that option. The Company’s leases generally do not contain any material restrictive covenants.
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
75000000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
35000000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
34000000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4000000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2000000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1000000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
39000000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
26000000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
28000000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
21000000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
41000000
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1000000
CY2022Q4 apg Operating And Finance Lease Liability Payments Due Thereafter
OperatingAndFinanceLeaseLiabilityPaymentsDueThereafter
42000000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
244000000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
6000000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
4000000
CY2022 us-gaap Lease Cost
LeaseCost
139000000
CY2021 us-gaap Lease Cost
LeaseCost
69000000
CY2020 us-gaap Lease Cost
LeaseCost
67000000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
75000000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
35000000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
33000000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
18000000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1000000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
186000000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
26000000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
32000000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
15000000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3000000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
4000000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
17000000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5000000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.045
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.023
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
71000000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
6000000
CY2022Q4 apg Operating And Finance Lease Liability Payments Due In Next Twelve Months
OperatingAndFinanceLeaseLiabilityPaymentsDueInNextTwelveMonths
77000000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
53000000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
5000000
CY2022Q4 apg Operating And Finance Lease Liability Payments Due Year Two
OperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
58000000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
39000000
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
19000000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4000000
CY2022Q4 apg Operating And Finance Lease Liability Payments Due Year Three
OperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
43000000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
24000000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2000000
CY2022Q4 apg Operating And Finance Lease Liability Payments Due Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
26000000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
16000000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1000000
CY2022Q4 apg Operating And Finance Lease Liability Payments Due Year Five
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
17000000
CY2022Q4 apg Operating And Finance Lease Liability Payments Due
OperatingAndFinanceLeaseLiabilityPaymentsDue
263000000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
23000000
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1000000
CY2022Q4 apg Operating And Finance Lease Liability Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
24000000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
221000000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
18000000
CY2022Q4 apg Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
239000000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
67000000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6000000
CY2022Q4 apg Operating And Finance Leases Liability Current
OperatingAndFinanceLeasesLiabilityCurrent
73000000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
154000000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
12000000
CY2022Q4 apg Operating And Finance Leases Liability Non Current
OperatingAndFinanceLeasesLiabilityNonCurrent
166000000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
221000000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
18000000
CY2022Q4 apg Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
239000000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
5000000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
5000000
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
5000000
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
2832000000
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
1791000000
CY2022Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
43000000
CY2021Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
24000000
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2789000000
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1767000000
CY2022Q4 us-gaap Debt Current
DebtCurrent
206000000
CY2021Q4 us-gaap Debt Current
DebtCurrent
1000000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2583000000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1766000000
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5000000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
6000000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1127000000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1699000000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2832000000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
40000000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
54000000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-180000000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
53000000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
25000000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-4000000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
93000000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
79000000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-184000000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
32000000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9000000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
17000000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
13000000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8000000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
19000000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
22000000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9000000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
7000000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
67000000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
26000000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
43000000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-32000000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6000000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-50000000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-3000000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2000000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-20000000
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-12000000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2000000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4000000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-47000000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6000000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-74000000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32000000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-31000000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
19000000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
17000000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-39000000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 apg Income Tax Reconciliation Withholding Taxes On Foreign Entities
IncomeTaxReconciliationWithholdingTaxesOnForeignEntities
-9000000
CY2022 apg Effective Income Tax Rate Reconciliation Withholding Taxes On Foreign Entities
EffectiveIncomeTaxRateReconciliationWithholdingTaxesOnForeignEntities
-0.097
CY2020 apg Effective Income Tax Rate Reconciliation Withholding Taxes On Foreign Entities
EffectiveIncomeTaxRateReconciliationWithholdingTaxesOnForeignEntities
0.000
CY2021 apg Effective Income Tax Rate Reconciliation Withholding Taxes On Foreign Entities
EffectiveIncomeTaxRateReconciliationWithholdingTaxesOnForeignEntities
0.000
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7000000
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.075
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8000000
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.101
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-6000000
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
233201569
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-137000000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205758208
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
359178
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
32520000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
266080747
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205758208
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.67
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
20
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6558000000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
162000000
CY2022 us-gaap Net Investment Income
NetInvestmentIncome
9000000
CY2022 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
42000000
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5000000
CY2022 apg Depreciation Expense Net Of Reversal
DepreciationExpenseNetOfReversal
77000000
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
227000000
CY2022 apg Operating Income Loss Earnings Before Interest Taxes Depreciation And Amortization
OperatingIncomeLossEarningsBeforeInterestTaxesDepreciationAndAmortization
522000000
CY2022Q4 us-gaap Assets
Assets
8091000000
CY2022 apg Capital Expenditures
CapitalExpenditures
79000000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3940000000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
136000000
CY2021 us-gaap Net Investment Income
NetInvestmentIncome
12000000
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9000000
CY2021 apg Depreciation Expense Net Of Reversal
DepreciationExpenseNetOfReversal
75000000
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
127000000
CY2021 apg Operating Income Loss Earnings Before Interest Taxes Depreciation And Amortization
OperatingIncomeLossEarningsBeforeInterestTaxesDepreciationAndAmortization
341000000
CY2021Q4 us-gaap Assets
Assets
5159000000
CY2021 apg Capital Expenditures
CapitalExpenditures
55000000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3587000000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-166000000
CY2020 us-gaap Net Investment Income
NetInvestmentIncome
34000000
CY2020 apg Depreciation Expense Net Of Reversal
DepreciationExpenseNetOfReversal
81000000
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
182000000
CY2020 apg Operating Income Loss Earnings Before Interest Taxes Depreciation And Amortization
OperatingIncomeLossEarningsBeforeInterestTaxesDepreciationAndAmortization
131000000
CY2020Q4 us-gaap Assets
Assets
4065000000
CY2020 apg Capital Expenditures
CapitalExpenditures
38000000

Files In Submission

Name View Source Status
apg-20221231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
apg-20221231_lab.xml Edgar Link unprocessable
apg-20221231_cal.xml Edgar Link unprocessable
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apg-20221231.htm Edgar Link pending
apg-20221231.xsd Edgar Link pending
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apg-20221231_def.xml Edgar Link unprocessable
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