2021 Q3 Form 10-Q Financial Statement

#000176404621000165 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $442.1M $455.6M $284.4M
YoY Change 55.48% 78.66% 17.02%
Cost Of Revenue $141.1M $134.1M $93.55M
YoY Change 50.83% 62.55% 7.41%
Gross Profit $301.0M $321.5M $190.8M
YoY Change 57.75% 86.38% 22.39%
Gross Profit Margin 68.08% 70.57% 67.1%
Selling, General & Admin $141.2M $186.1M $131.5M
YoY Change 7.37% 100.97% 36.98%
% of Gross Profit 46.92% 57.88% 68.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.657M $127.0M $2.918M
YoY Change -8.94% 129.66% 27.93%
% of Gross Profit 0.88% 39.5% 1.53%
Operating Expenses $141.2M $244.2M $297.0M
YoY Change -52.46% 67.03% 43.38%
Operating Profit $14.38M -$9.621M -$12.66M
YoY Change -213.51% -41.45% 256.23%
Interest Expense $65.19M -$39.60M $20.24M
YoY Change 222.04% -37.93% -13.37%
% of Operating Profit 453.52%
Other Income/Expense, Net
YoY Change
Pretax Income $26.89M -$10.10M -$177.7M
YoY Change -115.14% -87.41% -1524.14%
Income Tax $3.579M -$16.50M $4.325M
% Of Pretax Income 13.31%
Net Earnings $23.31M -$13.73M -$182.0M
YoY Change -112.81% -83.81% -1780.23%
Net Earnings / Revenue 5.27% -3.01% -64.0%
Basic Earnings Per Share $0.01 -$0.02 -$0.47
Diluted Earnings Per Share -$0.12 -$0.05 -$0.47
COMMON SHARES
Basic Shares Outstanding 634.5M shares 606.0M shares 387.8M shares
Diluted Shares Outstanding 643.9M shares 387.8M shares

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.480B $258.0M $601.0M
YoY Change 312.63% 239.47% 575.28%
Cash & Equivalents $2.480B $257.7M $601.1M
Short-Term Investments
Other Short-Term Assets $186.3M $79.15M $18.67M
YoY Change 897.74% 573.62% -59.41%
Inventory
Prepaid Expenses $58.06M $58.27M $49.24M
Receivables $610.8M $737.7M $238.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.189B $1.148B $944.3M
YoY Change 449.56% 132.74% 161.57%
LONG-TERM ASSETS
Property, Plant & Equipment $27.95M $36.27M $23.62M
YoY Change 18.33% 101.01% -78.91%
Goodwill $6.199B $6.043B $1.818B
YoY Change 240.9% 355.03%
Intangibles $6.964B $7.370B $2.217B
YoY Change 214.09% 303.05%
Long-Term Investments
YoY Change
Other Assets $41.81M $31.33M $21.84M
YoY Change 91.46% 68.17% -44.01%
Total Long-Term Assets $13.31B $13.64B $4.206B
YoY Change 216.38% 313.64% 27.89%
TOTAL ASSETS
Total Short-Term Assets $5.189B $1.148B $944.3M
Total Long-Term Assets $13.31B $13.64B $4.206B
Total Assets $18.50B $14.79B $5.151B
YoY Change 259.13% 290.11% 41.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $94.49M $82.04M $19.90M
YoY Change 374.89% 210.07% -28.94%
Accrued Expenses $556.9M $752.0M $279.0M
YoY Change 99.6% 315.47% 50.0%
Deferred Revenue $579.9M $707.3M $326.1M
YoY Change 77.84% 73.65% -1.42%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.866B $28.60M $12.60M
YoY Change 14706.56% 217.78% -16.0%
Total Short-Term Liabilities $3.161B $1.423B $662.7M
YoY Change 377.04% 118.6% 18.34%
LONG-TERM LIABILITIES
Long-Term Debt $3.444B $3.458B $1.911B
YoY Change 80.2% 112.32% 46.44%
Other Long-Term Liabilities $58.33M $49.45M $19.99M
YoY Change 191.81% 161.74% -94.64%
Total Long-Term Liabilities $3.502B $3.507B $1.931B
YoY Change 81.35% 112.89% 15.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.161B $1.423B $662.7M
Total Long-Term Liabilities $3.502B $3.507B $1.931B
Total Liabilities $7.287B $5.756B $2.792B
YoY Change 160.97% 136.78% 22.58%
SHAREHOLDERS EQUITY
Retained Earnings -$1.317B -$1.251B -$965.3M
YoY Change 36.47% 48.34%
Common Stock $10.81B $9.989B $3.329B
YoY Change 224.75% 352.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 0.000 shares 6.326M shares 0.000 shares
Shareholders Equity $11.21B $9.035B $2.022B
YoY Change
Total Liabilities & Shareholders Equity $18.50B $14.79B $5.151B
YoY Change 259.13% 290.11% 41.12%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $23.31M -$13.73M -$182.0M
YoY Change -112.81% -83.81% -1780.23%
Depreciation, Depletion And Amortization $2.657M $127.0M $2.918M
YoY Change -8.94% 129.66% 27.93%
Cash From Operating Activities $43.85M $135.5M $20.40M
YoY Change 114.95% 2556.86% -70.69%
INVESTING ACTIVITIES
Capital Expenditures -$24.18M -$29.10M -$26.00M
YoY Change -7.02% 11.07% 21.5%
Acquisitions
YoY Change
Other Investing Activities -$14.75M -$1.997B $0.00
YoY Change 2819.44%
Cash From Investing Activities -$38.92M -$2.026B -$26.00M
YoY Change 49.7% 2041.65% 21.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -231.4M 1.557B -6.200M
YoY Change 3632.53% 1862.8% 67.57%
NET CHANGE
Cash From Operating Activities 43.85M 135.5M 20.40M
Cash From Investing Activities -38.92M -2.026B -26.00M
Cash From Financing Activities -231.4M 1.557B -6.200M
Net Change In Cash -226.5M -334.0M -11.80M
YoY Change 1819.42% 3174.51% -126.52%
FREE CASH FLOW
Cash From Operating Activities $43.85M $135.5M $20.40M
Capital Expenditures -$24.18M -$29.10M -$26.00M
Free Cash Flow $68.03M $164.6M $46.40M
YoY Change 46.61% 425.88% -49.01%

Facts In Submission

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Background and Nature of Operations <div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Clarivate Plc (“Clarivate,” “us,” “we,” “our,” or the “Company”), is a public limited company organized under the laws of Jersey, Channel Islands. We were initially registered on January 7, 2019, and at our 2020 annual general meeting, our shareholders approved a change of our corporate name from “Clarivate Analytics Plc” to “Clarivate Plc”. Pursuant to the definitive agreement entered into to effect a merger between Camelot Holdings (Jersey) Limited ("Jersey") and Churchill Capital Corp, a Delaware corporation, ("Churchill") (the “2019 Transaction”), the Company was formed for the purposes of completing the 2019 Transaction and related transitions and carrying on the business of Jersey and its subsidiaries.</span></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a provider of proprietary and comprehensive content, analytics, professional services and workflow solutions that enable users across government and academic institutions, life science companies and research and development (“R&amp;D”) intensive corporations to discover, protect and commercialize their innovations. Clarivate has two reportable segments: Science and Intellectual Property ("IP"). Our segment structure is organized to address customer needs by product line. Our Science segment consists of our Academic and Life Sciences Product Lines. Both provide curated, high-value, structured information that is delivered and embedded into the workflows of our customers, which include research intensive corporations, life science organizations and universities world-wide. Our IP segment consists of our Patent, Trademark, Domain and IP Management Product Lines. These Product Lines help manage customer's end-to-end portfolios of intellectual property from patents to trademarks to corporate website domains. See Note 21 - Segment Information, for additional information on the Company's reportable segments. </span></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In January 2019, we entered into an Agreement and Plan of Merger (as amended by Amendment No. 1 to the Agreement and Plan of Merger, dated February 26, 2019, and Amendment No. 2 to the Agreement and Plan of Merger, dated March 29, 2019, collectively, the “Merger Agreement”) by and among Churchill, Jersey, CCC Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Clarivate (“Delaware Merger Sub”), Camelot Merger Sub (Jersey) Limited, a private limited company organized under the laws of Jersey, Channel Islands and wholly owned subsidiary of Clarivate (“Jersey Merger Sub”), and the Company, which, among other things, provided for (i) Jersey Merger Sub to be merged with and into Jersey with Jersey being the surviving company in the merger (the “Jersey Merger”) and (ii) Delaware Merger Sub to be merged with and into Churchill with Churchill being the surviving corporation in the merger (the “Delaware Merger”), and together with the Jersey Merger, the “Mergers”.</span></div><div style="margin-bottom:9pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On May 13, 2019, the 2019 Transaction was consummated, and Clarivate became the sole managing member of Jersey, operating and controlling all of the business and affairs of Jersey, through Jersey and its subsidiaries. Following the consummation of the 2019 Transaction on May 13, 2019, the Company’s ordinary shares and warrants began trading on the New York Stock Exchange. All of the Company’s public warrants have subsequently been redeemed. See Note 16 - Shareholders’ Equity for further information regarding the redemption of the Company’s public warrants.</span></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2019 Transaction was accounted for as a reverse recapitalization in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Under this method of accounting, Churchill was treated as the "acquired" company for financial reporting purposes. This determination was primarily based on post 2019 Transaction relative voting rights, composition of the governing board, size of the two entities pre-merger, and intent of the 2019 Transaction. Accordingly, for accounting purposes, the 2019 Transaction was treated as the equivalent of the Company issuing stock for the net assets of Churchill. The net assets of Churchill were stated at historical cost, with no goodwill or other intangible assets resulting from the 2019 Transaction. Reported amounts from operations included herein prior to the 2019 Transaction are those of Jersey.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In February 2020, the Company consummated a public offering of 27,600,000 ordinary shares at $20.25 per share. In June 2020, the Company consummated a public offering of 50,400,000 of our ordinary shares at a share price of $22.50 per share. Of the 50,400,000 ordinary shares, 14,000,000 were ordinary shares offered by Clarivate and 36,400,000 were ordinary shares offered by selling shareholders. The Company received approximately $304,030 in net proceeds from the sale of its ordinary shares, after deducting underwriting discounts and estimated offering expenses payable. We used the net proceeds, in conjunction with the new $1,600,000 incremental term loan facility available to Clarivate on October 1, 2020, and cash on the balance sheet to fund the repayment of CPA Global's parent company outstanding debt of $2,055,822. The Company did not receive any proceeds from the sale of ordinary shares by the selling shareholders. Additionally, in connection with the acquisition of CPA Global, on October 1, 2020, the Company issued 216,683,778 shares to Redtop Holdings Limited, a portfolio company of Leonard Green &amp; Partners, L.P. representing approximately 35% ownership of Clarivate.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June 2020, we completed an underwritten public offering of 50,400,000 of our ordinary shares (including 2,400,000 ordinary shares pursuant to the underwriters' option to purchase up to an additional 7,200,000 ordinary shares from certain selling shareholders) at a share price of $22.50. Of the 50,400,000 ordinary shares, 14,000,000 ordinary shares were offered by Clarivate and 36,400,000 ordinary shares were offered by selling shareholders, including 20,821,765 ordinary shares from Onex, 8,097,354 ordinary shares from Baring and 7,480,881 ordinary shares from Directors, Executive Officers and other shareholders. The underwriters' option to purchase the remaining 4,800,000 ordinary shares from certain selling shareholders expired on July 3, 2020.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company received approximately $304,030 in net proceeds from the sale of ordinary shares offered by the Company, after deducting underwriting discounts and estimated offering expenses payable. We used the net proceeds, in conjunction with the new $1,600,000 incremental term loan facility available to Clarivate on October 1, 2020, to fund the repayment of CPA Global parent company's outstanding debt. The Company did not receive any proceeds from the secondary ordinary shares sold by the selling shareholders.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June 2021, we completed an underwritten public offering of 44,230,768 of our ordinary shares at a share price of $26.00, of which 28,846,154 ordinary shares were issued and sold by Clarivate and 15,384,614 were sold by selling shareholders (which included 5,769,230 ordinary shares that the underwriters purchased pursuant to their option to purchase additional shares). The ordinary shares sold by selling shareholders included 10,562,882 ordinary shares from Onex, 4,107,787 ordinary shares from Baring and 713,945 ordinary shares from Directors, Executive Officers and other shareholders. The Company received approximately $728,080 in net proceeds from the sale of ordinary shares offered by the Company, after deducting underwriting discounts and estimated offering expenses payable</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company did not receive any proceeds from the secondary ordinary shares sold by the selling shareholders. We intend to use the net proceeds received to finance a portion of the purchase price for the ProQuest acquisition, which we announced on May 17, 2021. If the ProQuest acquisition is not consummated, we intend to use the net proceeds received for general corporate purposes.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">In June 2021, concurrently with the June 2021 Ordinary Share Offering, we completed an underwritten public offering of 14,375,000 of our 5.25% Series A Mandatory Convertible Preferred Shares ("MCPS") which included 1,875,000 of our mandatory convertible preferred shares that the underwriters purchased pursuant to their option to purchase additional shares. The Company received approximately $1,392,671 in net proceeds from the mandatory convertible preferred share offering, after deducting underwriting discounts and estimated offering expenses payable. We intend to use the net proceeds received to finance a portion of the purchase price for the ProQuest acquisition, which we announced on May 17, 2021. If the ProQuest acquisition is not consummated, we intend to use the net proceeds received for general corporate purposes.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">In September 2021, certain selling shareholders completed an underwritten public offering of 25,000,000 of our ordinary shares at a share price of $25.25, The ordinary shares sold by selling shareholders included 18,000,000 ordinary shares from Onex and 7,000,000 ordinary shares from Baring. The Company did not receive any proceeds from the sale of ordinary shares by the selling shareholders. After giving effect to the offering, Onex and Baring owned approximately 6.7% and 2.6%, respectively, of the Company's ordinary shares.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Risks and Uncertainties</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020, the World Health Organization characterized COVID-19 as a pandemic. The rapid spread of COVID-19 and the continuously evolving responses to combat it have had an increasingly negative impact on the global economy. In view of the rapidly changing business environment, market volatility and heightened degree of uncertainty resulting from COVID-19, we are currently unable to fully determine its future impact on our business. However, we continue to assess the potential effect on our financial position, results of operations, and cash flows. If the global pandemic continues to evolve into a prolonged crisis, the effects could have an adverse impact on the Company's results of operations, financial condition and cash flows.</span></div>
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CY2021Q3 us-gaap Contract With Customer Liability Current
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579935000 USD
CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
44934000 USD
clvt Increase Decrease In Contract With Customer Accounts Receivable
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126978000 USD
clvt Increase Decrease In Contract With Customer Current Liability
IncreaseDecreaseInContractWithCustomerCurrentLiability
127383000 USD
clvt Increase Decrease In Contract With Customer Non Current Liability
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CY2019Q4 us-gaap Accounts Receivable Net Current
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333858000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
407325000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
19723000 USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
238638000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
326098000 USD
CY2020Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
24080000 USD
clvt Increase Decrease In Contract With Customer Accounts Receivable
IncreaseDecreaseInContractWithCustomerAccountsReceivable
95220000 USD
clvt Increase Decrease In Contract With Customer Current Liability
IncreaseDecreaseInContractWithCustomerCurrentLiability
81227000 USD
clvt Increase Decrease In Contract With Customer Non Current Liability
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-4357000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
485682000 USD
us-gaap Contract With Customer Liability Revenue Recognized
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339589000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
78124000 USD
clvt Revenue Remaining Performance Obligation Expected Timing Percentage
RevenueRemainingPerformanceObligationExpectedTimingPercentage
0.528
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.472
CY2021Q3 clvt Revenue Remaining Performance Obligation Percentage Expectedto Be Recognizedin12months
RevenueRemainingPerformanceObligationPercentageExpectedtoBeRecognizedin12months
0.236
CY2021Q3 clvt Revenue Remaining Performance Obligation Percentage Expected To Be Recognized In3 To5 Years
RevenueRemainingPerformanceObligationPercentageExpectedToBeRecognizedIn3To5Years
0.175
CY2021Q3 clvt Revenue Remaining Performance Obligation Percentage Expected To Be Recognized In6 To10 Years
RevenueRemainingPerformanceObligationPercentageExpectedToBeRecognizedIn6To10Years
0.062
clvt Common Stock Shares Subscription
CommonStockSharesSubscription
0 shares
us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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1
CY2021Q3 us-gaap Common Stock Shares Issued
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CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6796000 USD
CY2021Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
us-gaap Common Stock Voting Rights
CommonStockVotingRights
one
CY2020Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
52800000 shares
CY2020Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2020Q1 us-gaap Class Of Warrant Or Right Outstanding
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24132666 shares
CY2021Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
100.00
CY2021Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
100.00
CY2021Q3 us-gaap Dividends Cash
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1000 USD
CY2021Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
664730 shares
CY2021Q3 us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
16141000 USD
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
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250000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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184785000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
60000000 shares
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11997000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38518000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31121000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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1027000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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0 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6862000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5114652 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
2525000 USD
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
76000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
12021000 USD
clvt Stock Issued During Period Shares Private Warrants Exercised
StockIssuedDuringPeriodSharesPrivateWarrantsExercised
212174 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
2996000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
565896 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
23.70
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
128642 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
24.43
CY2019Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
52800000 shares
CY2019Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2021Q1 clvt Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
212174 shares
CY2021Q1 clvt Class Of Warrant Or Right Shares Withheld For Exercise Price
ClassOfWarrantOrRightSharesWithheldForExercisePrice
80610 shares
CY2021Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
131564 shares
clvt Stock Issued During Period Shares Private Warrants Exercised
StockIssuedDuringPeriodSharesPrivateWarrantsExercised
0 shares
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
5309713 shares
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3579000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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26891000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
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4325000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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31871520 shares
CY2021Q3 us-gaap Net Income Loss
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23312000 USD
CY2020Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
22431000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
881000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
881000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-181986000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-181986000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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640834827 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
387845438 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5098686 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
645933513 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
387845438 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-336900000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
22431000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-105283000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-336900000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-336900000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
622460931 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
369019802 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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622460931 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
369019802 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.91
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
427000 USD
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3550000 USD
CY2021Q3 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
4838000 USD
CY2020Q3 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-3412000 USD
CY2021Q3 us-gaap Other Operating Income Expense Net
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CY2020Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
10373000 USD
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
4354000 USD
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-4302000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
14675000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
442117000 USD
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
130683000 USD
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
68614000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segments
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
284360000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1316192000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
798452000 USD
CY2021Q3 clvt Adjusted Earnings Before Income Taxes Deprecation Amortization Interest Income And Expense
AdjustedEarningsBeforeIncomeTaxesDeprecationAmortizationInterestIncomeAndExpense
189996000 USD
CY2020Q3 clvt Adjusted Earnings Before Income Taxes Deprecation Amortization Interest Income And Expense
AdjustedEarningsBeforeIncomeTaxesDeprecationAmortizationInterestIncomeAndExpense
108207000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3579000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4325000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
65194000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
20244000 USD
CY2021Q3 clvt Deferred Revenues Adjustment
DeferredRevenuesAdjustment
72000 USD
CY2020Q3 clvt Deferred Revenues Adjustment
DeferredRevenuesAdjustment
2107000 USD
CY2021Q3 clvt Transaction Related Costs
TransactionRelatedCosts
11851000 USD
CY2020Q3 clvt Transaction Related Costs
TransactionRelatedCosts
34938000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11997000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6796000 USD
CY2021Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
15621000 USD
CY2020Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3192000 USD
CY2021Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2020Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
144753000 USD
CY2021Q3 clvt Other Reconciling Items Ebita To Net Income Loss Attributable To Parent
OtherReconcilingItemsEBITAToNetIncomeLossAttributableToParent
10700000 USD
CY2020Q3 clvt Other Reconciling Items Ebita To Net Income Loss Attributable To Parent
OtherReconcilingItemsEBITAToNetIncomeLossAttributableToParent
5224000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
23312000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
22431000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
881000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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clvt Adjusted Earnings Before Income Taxes Deprecation Amortization Interest Income And Expense
AdjustedEarningsBeforeIncomeTaxesDeprecationAmortizationInterestIncomeAndExpense
543815000 USD
clvt Adjusted Earnings Before Income Taxes Deprecation Amortization Interest Income And Expense
AdjustedEarningsBeforeIncomeTaxesDeprecationAmortizationInterestIncomeAndExpense
286548000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18016000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13693000 USD
us-gaap Depreciation And Amortization
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392513000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
176200000 USD
us-gaap Interest Expense
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141156000 USD
us-gaap Interest Expense
InterestExpense
72306000 USD
clvt Deferred Revenues Adjustment
DeferredRevenuesAdjustment
4465000 USD
clvt Deferred Revenues Adjustment
DeferredRevenuesAdjustment
7421000 USD
clvt Transaction Related Costs
TransactionRelatedCosts
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clvt Transaction Related Costs
TransactionRelatedCosts
70154000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38518000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31121000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
121988000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
26792000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
224175000 USD
clvt Other Reconciling Items Ebita To Net Income Loss Attributable To Parent
OtherReconcilingItemsEBITAToNetIncomeLossAttributableToParent
24817000 USD
clvt Other Reconciling Items Ebita To Net Income Loss Attributable To Parent
OtherReconcilingItemsEBITAToNetIncomeLossAttributableToParent
1586000 USD
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
22431000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q3 us-gaap Loss Contingency Accrual Carrying Value Current
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69000000 USD
CY2021Q3 us-gaap Loss Contingency Receivable
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2290000 USD
us-gaap Loss Contingency Receivable Proceeds
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147000 USD
CY2021Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
100.00
CY2019Q4 us-gaap Restructuring Reserve
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9506000 USD
CY2020Q1 us-gaap Restructuring Charges
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7754000 USD
CY2020Q1 us-gaap Payments For Restructuring
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6647000 USD
CY2020Q1 us-gaap Restructuring Reserve
RestructuringReserve
10613000 USD
CY2020Q2 us-gaap Restructuring Charges
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15846000 USD
CY2020Q2 us-gaap Payments For Restructuring
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5748000 USD
CY2020Q2 clvt Restructuring Reserve Asset Impairment Charge
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CY2020Q2 us-gaap Restructuring Reserve
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15803000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
3192000 USD
CY2020Q3 us-gaap Payments For Restructuring
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6544000 USD
CY2020Q3 clvt Restructuring Reserve Asset Impairment Charge
RestructuringReserveAssetImpairmentCharge
0 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
12451000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
21644000 USD
CY2021Q1 us-gaap Restructuring Charges
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64667000 USD
CY2021Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
17037000 USD
CY2021Q1 clvt Restructuring Reserve Asset Impairment Charge
RestructuringReserveAssetImpairmentCharge
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CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
27059000 USD
CY2021Q2 us-gaap Restructuring Charges
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41700000 USD
CY2021Q2 us-gaap Payments For Restructuring
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12882000 USD
CY2021Q2 clvt Restructuring Reserve Asset Impairment Charge
RestructuringReserveAssetImpairmentCharge
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CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
35293000 USD
CY2021Q3 us-gaap Restructuring Charges
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15621000 USD
CY2021Q3 us-gaap Payments For Restructuring
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15722000 USD
CY2021Q3 clvt Restructuring Reserve Asset Impairment Charge
RestructuringReserveAssetImpairmentCharge
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CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
34380000 USD
CY2021Q3 us-gaap Restructuring Charges
RestructuringCharges
15621000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
3192000 USD
us-gaap Restructuring Charges
RestructuringCharges
121988000 USD
us-gaap Restructuring Charges
RestructuringCharges
26792000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
284360000 USD
CY2020Q3 us-gaap Cost Of Revenue
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93554000 USD
CY2020Q3 us-gaap Selling General And Administrative Expense
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131526000 USD
CY2020Q3 us-gaap Depreciation
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2918000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
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65696000 USD
CY2020Q3 us-gaap Restructuring Settlement And Impairment Provisions
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3192000 USD
CY2020Q3 us-gaap Other Operating Income Expense Net
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CY2020Q3 us-gaap Costs And Expenses
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CY2020Q3 us-gaap Operating Income Loss
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CY2020Q3 us-gaap Fair Value Adjustment Of Warrants
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144753000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
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CY2020Q3 us-gaap Interest Expense
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20244000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
224175000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-177661000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4325000 USD
CY2020Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.47
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
387845438 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
387845438 shares
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
798452000 USD
us-gaap Cost Of Revenue
CostOfRevenue
268614000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
368247000 USD
us-gaap Depreciation
Depreciation
8151000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
168049000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
26792000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
14675000 USD
us-gaap Costs And Expenses
CostsAndExpenses
825178000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-26726000 USD
us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
-250901000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
369019802 shares
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-181986000 USD
us-gaap Interest Expense
InterestExpense
72306000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-323207000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13693000 USD
us-gaap Net Income Loss
NetIncomeLoss
-336900000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.91
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
369019802 shares
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1092000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
15000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9359000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
10436000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-171550000 USD
us-gaap Net Income Loss
NetIncomeLoss
-336900000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2052000 USD
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
539714000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16384000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
57000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1795000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-314000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-337214000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1248599000 USD
CY2020Q1 clvt Stock Issued During Period Value Public Warrants Exercised
StockIssuedDuringPeriodValuePublicWarrantsExercised
277526000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1182000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
10302000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-129633000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-8470000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1925681000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
15118000 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
304030000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4322000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-25281000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2280000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
2191354000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
125000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
3136000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5520000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-181986000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
10436000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
2022313000 USD
us-gaap Net Income Loss
NetIncomeLoss
-336900000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
176200000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1830000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
1052000 USD
clvt Noncash Impairment Leases
NoncashImpairmentLeases
4880000 USD
clvt Gain Loss On Foreign Currency Forward Contracts
GainLossOnForeignCurrencyForwardContracts
2903000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-7420000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
26344000 USD
clvt Mark To Market Loss On Contingent Shares
MarkToMarketLossOnContingentShares
30839000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
224175000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-3140000 USD
clvt Other Non Cash Income Expense Excluding Gain On Sale Of Line Of Business
OtherNonCashIncomeExpenseExcludingGainOnSaleOfLineOfBusiness
3902000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-129398000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
13335000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-62818000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-8394000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-65062000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-65062000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-93926000 USD
clvt Increase Decrease Operating Lease Right Of Use Assets
IncreaseDecreaseOperatingLeaseRightOfUseAssets
-5826000 USD
clvt Increase Decrease Lease Liabilities
IncreaseDecreaseLeaseLiabilities
6611000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
2077000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
128022000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
78597000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5982000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
3751000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-966151000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
9450000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
65000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5267000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
4115000 USD
clvt Proceeds From Debt Restructure
ProceedsFromDebtRestructure
360000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
843752000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
277526000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
277526000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1307000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1307000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
28674000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1370079000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6447000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
525503000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76130000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
9000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76139000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
601642000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
601075000 USD
CY2020Q3 us-gaap Restricted Cash
RestrictedCash
567000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
601642000 USD
us-gaap Interest Paid Net
InterestPaidNet
61796000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
20147000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
922000 USD
CY2021Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
100.00

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