2022 Q3 Form 10-Q Financial Statement

#000176404622000142 Filed on August 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $635.7M $686.6M $662.2M
YoY Change 43.79% 54.05% 54.58%
Cost Of Revenue $223.7M $244.1M $249.2M
YoY Change 58.53% 63.06% 68.49%
Gross Profit $412.0M $442.5M $413.0M
YoY Change 36.87% 49.49% 47.24%
Gross Profit Margin 64.81% 64.45% 62.37%
Selling, General & Admin $169.5M $186.1M $193.7M
YoY Change 20.03% 3.56% 44.23%
% of Gross Profit 41.14% 42.06% 46.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $169.7M $175.6M $176.4M
YoY Change 6286.9% 34.77% 34.04%
% of Gross Profit 41.19% 39.68% 42.71%
Operating Expenses $169.5M $186.1M $193.7M
YoY Change 20.03% 3.56% -58.13%
Operating Profit -$4.375B $86.20M $44.90M
YoY Change -30536.17% -235.11% -164.6%
Interest Expense $71.50M $62.30M $59.50M
YoY Change 9.67% 61.82% 59.09%
% of Operating Profit 72.27% 132.52%
Other Income/Expense, Net
YoY Change
Pretax Income -$4.393B $72.90M $85.80M
YoY Change -16437.81% -159.12% -254.04%
Income Tax $22.10M $10.50M $16.30M
% Of Pretax Income 14.4% 19.0%
Net Earnings -$4.416B $62.40M $69.50M
YoY Change -19040.89% -147.45% -224.11%
Net Earnings / Revenue -694.59% 9.09% 10.5%
Basic Earnings Per Share -$6.58 $0.06 $0.07
Diluted Earnings Per Share -$6.64 $0.00 -$0.06
COMMON SHARES
Basic Shares Outstanding 673.5M shares 674.3M shares 682.5M shares
Diluted Shares Outstanding 675.2M shares 678.4M shares 688.0M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $446.0M $359.7M $500.2M
YoY Change -82.02% -85.95% 25.36%
Cash & Equivalents $446.0M $359.7M $500.2M
Short-Term Investments
Other Short-Term Assets $71.50M $72.80M $76.90M
YoY Change -61.62% -67.19% -66.6%
Inventory
Prepaid Expenses $98.80M $102.1M $97.70M
Receivables $748.6M $812.4M $859.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.452B $1.360B $1.550B
YoY Change -72.02% -75.21% 9.62%
LONG-TERM ASSETS
Property, Plant & Equipment $119.3M $145.4M $160.6M
YoY Change 326.86% 422.93% 378.47%
Goodwill $2.804B $7.534B $7.803B
YoY Change -54.76% 19.29% 24.93%
Intangibles $9.249B $9.697B $10.14B
YoY Change 32.81% 34.73% 39.52%
Long-Term Investments
YoY Change
Other Assets $100.5M $71.30M $63.10M
YoY Change 140.38% 69.18% 48.46%
Total Long-Term Assets $12.30B $17.48B $18.19B
YoY Change -7.6% 27.89% 32.8%
TOTAL ASSETS
Total Short-Term Assets $1.452B $1.360B $1.550B
Total Long-Term Assets $12.30B $17.48B $18.19B
Total Assets $13.75B $18.84B $19.74B
YoY Change -25.67% -1.65% 30.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.9M $116.7M $117.3M
YoY Change 12.07% 34.18% 24.06%
Accrued Expenses $553.1M $491.5M $526.7M
YoY Change -0.68% 1.47% -1.0%
Deferred Revenue $857.8M $956.7M $1.081B
YoY Change 47.91% 43.89% 40.52%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $57.40M $57.10M $30.60M
YoY Change -96.92% -97.19% 6.99%
Total Short-Term Liabilities $1.633B $1.662B $1.791B
YoY Change -48.36% -51.43% 22.05%
LONG-TERM LIABILITIES
Long-Term Debt $5.417B $5.422B $5.452B
YoY Change 57.31% 57.42% 57.89%
Other Long-Term Liabilities $136.1M $136.7M $143.2M
YoY Change 133.32% 119.96% 130.44%
Total Long-Term Liabilities $136.1M $136.7M $143.2M
YoY Change -96.11% -96.1% -95.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.633B $1.662B $1.791B
Total Long-Term Liabilities $136.1M $136.7M $143.2M
Total Liabilities $7.674B $7.795B $8.034B
YoY Change 5.3% 1.74% 40.52%
SHAREHOLDERS EQUITY
Retained Earnings -$5.955B -$1.518B -$1.553B
YoY Change 352.07% 15.15% 25.63%
Common Stock $11.72B $11.70B $11.82B
YoY Change 8.4% 7.91% 16.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 365.0K shares 505.4K shares 2.489M shares
Shareholders Equity $6.075B $11.04B $11.71B
YoY Change
Total Liabilities & Shareholders Equity $13.75B $18.84B $19.74B
YoY Change -25.67% -1.65% 30.63%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$4.416B $62.40M $69.50M
YoY Change -19040.89% -147.45% -224.11%
Depreciation, Depletion And Amortization $169.7M $175.6M $176.4M
YoY Change 6286.9% 34.77% 34.04%
Cash From Operating Activities $207.8M $97.20M $67.40M
YoY Change 373.9% 10.88% -61.26%
INVESTING ACTIVITIES
Capital Expenditures -$67.40M -$52.70M $41.40M
YoY Change 178.79% 81.59% 25.45%
Acquisitions $1.300M
YoY Change -425.0%
Other Investing Activities $0.00 -$8.000M -$1.300M
YoY Change -100.0% -24342.42% -425.0%
Cash From Investing Activities -$67.40M -$60.70M -$42.70M
YoY Change 73.16% 108.68% 30.98%
FINANCING ACTIVITIES
Cash Dividend Paid $18.90M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -28.10M -150.6M -$88.80M
YoY Change -87.86% -103.67% 1245.45%
NET CHANGE
Cash From Operating Activities 207.8M 97.20M $67.40M
Cash From Investing Activities -67.40M -60.70M -$42.70M
Cash From Financing Activities -28.10M -150.6M -$88.80M
Net Change In Cash 112.3M -114.1M -$71.90M
YoY Change -149.58% -102.74% -150.1%
FREE CASH FLOW
Cash From Operating Activities $207.8M $97.20M $67.40M
Capital Expenditures -$67.40M -$52.70M $41.40M
Free Cash Flow $275.2M $149.9M $26.00M
YoY Change 304.56% 28.46% -81.56%

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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, pursuant to the definitive agreement entered into on May 13, 2019 to effect a merger between Camelot Holdings (Jersey) Limited ("Jersey") and Churchill Capital Corp, a Delaware corporation, ("Churchill") (the “2019 Transaction”). 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"). See Note 18 - Segment Information, for additional information on the Company's reportable segments. </span></div><div style="margin-bottom:9pt;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:120%">Risks and Uncertainties</span></div><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%">In March 2020, the World Health Organization characterized COVID-19 as a pandemic. The rapid spread of COVID-19 and issues relating to the resurgence of COVID-19 and/or new strains of COVID-19 along with continuously evolving responses to combat it have had an increasingly negative impact on the global economy. This has had, and may continue to have, an adverse impact to our operational and financial performance as well as the businesses of our customers and partners, including their spending priorities. It is difficult to predict the full extent of the potential effects and impact on our operations, business, and financial performance, however, we continue to conduct business with substantial modifications and precautionary measures to our daily operations. Modifications include less employee travel as well as a virtual shift related to work location, and sales and marketing events. Given the uncertainty around the severity and duration of the COVID-19 pandemic, the Company cannot reasonably estimate the full impact on our business, financial condition and results of operations at this time, which may be material.</span></div>As the conflict in Ukraine continues to evolve, we are closely monitoring the current and potential impact on our business, our people, and our clients. Given the levying of sanctions, regional instability, geopolitical shifts, and other potential adverse effects on macroeconomic conditions, security conditions, currency exchange, and financial markets, the short and long-term implications of Russia’s invasion of Ukraine are not possible to predict. We do not expect any direct impacts to our business to be material, but we are not currently able to predict any indirect impacts on the global economy and how those could negatively affect our business in the future. However, revenue growth was slightly impacted by our decision to cease commercial operations in Russia in March 2022. We continue to monitor any evolving impacts of this conflict and its effects on the global economy and geopolitical landscape.
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58700000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
40800000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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76800000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
83800000 usd
CY2022Q2 us-gaap Depreciation
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us-gaap Impairment Of Leasehold
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CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022Q2 us-gaap Finite Lived Intangible Assets Net
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CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1449400000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1734400000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
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CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1449400000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
165800000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
127000000.0 usd
us-gaap Amortization Of Intangible Assets
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331600000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
255300000 usd
CY2021Q4 us-gaap Goodwill
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us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
5800000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
377000000.0 usd
CY2022Q2 us-gaap Goodwill
Goodwill
7533700000 usd
CY2022Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
6200000 usd
CY2021Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
28600000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
6200000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
69600000 usd
CY2022Q2 us-gaap Gain Loss On Termination Of Lease
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CY2021Q2 us-gaap Gain Loss On Termination Of Lease
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9000000.0 usd
CY2021Q4 us-gaap Other Employee Related Liabilities Current
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152400000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
113600000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
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150600000 usd
CY2022Q2 us-gaap Accrued Professional Fees Current
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40700000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
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39400000 usd
CY2022Q2 us-gaap Litigation Reserve Current
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67900000 usd
CY2021Q4 us-gaap Litigation Reserve Current
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79000000.0 usd
CY2022Q2 us-gaap Taxes Payable Current
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39500000 usd
CY2021Q4 us-gaap Taxes Payable Current
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28500000 usd
CY2022Q2 us-gaap Accrued Royalties Current
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66000000.0 usd
CY2021Q4 us-gaap Accrued Royalties Current
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71300000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
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164400000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
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158400000 usd
CY2022Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
501100000 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
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CY2022Q2 us-gaap Loss Contingency Accrual Carrying Value Current
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60400000 usd
CY2021Q4 us-gaap Loss Contingency Accrual Carrying Value Current
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60500000 usd
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2022Q2 us-gaap Finance Lease Liability
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29800000 usd
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2021Q4 us-gaap Finance Lease Liability
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CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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5551900000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
5567200000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
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42700000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
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47100000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
30600000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
33200000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
57100000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
30600000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
5421500000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
5456300000 usd
CY2021Q4 us-gaap Proceeds From Lines Of Credit
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175000000.0 usd
CY2022Q2 clvt Revenue From Contract With Customer Excluding Assessed Tax Including Deferred Revenues Adjustment
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingDeferredRevenuesAdjustment
687400000 usd
CY2021Q2 clvt Revenue From Contract With Customer Excluding Assessed Tax Including Deferred Revenues Adjustment
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingDeferredRevenuesAdjustment
447100000 usd
CY2022Q2 clvt Contractwith Customer Liability Adjustments
ContractwithCustomerLiabilityAdjustments
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CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
686600000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
445700000 usd
clvt Revenue From Contract With Customer Excluding Assessed Tax Including Deferred Revenues Adjustment
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingDeferredRevenuesAdjustment
1349400000 usd
clvt Revenue From Contract With Customer Excluding Assessed Tax Including Deferred Revenues Adjustment
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingDeferredRevenuesAdjustment
878500000 usd
clvt Contractwith Customer Liability Adjustments
ContractwithCustomerLiabilityAdjustments
600000 usd
clvt Contractwith Customer Liability Adjustments
ContractwithCustomerLiabilityAdjustments
4400000 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1348800000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
874100000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
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CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
956700000 usd
CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
50300000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
94000000.0 usd
clvt Increase Decrease In Contract With Customer Current Liability
IncreaseDecreaseInContractWithCustomerCurrentLiability
73700000 usd
clvt Increase Decrease In Contract With Customer Non Current Liability
IncreaseDecreaseInContractWithCustomerNonCurrentLiability
3900000 usd
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
707300000 usd
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
41400000 usd
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
628100000 usd
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
664900000 usd
CY2021Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
48100000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
109600000 usd
clvt Increase Decrease In Contract With Customer Current Liability
IncreaseDecreaseInContractWithCustomerCurrentLiability
42400000 usd
clvt Increase Decrease In Contract With Customer Non Current Liability
IncreaseDecreaseInContractWithCustomerNonCurrentLiability
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
628500000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
377900000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
126800000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.586
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q2 clvt Revenue Remaining Performance Obligation Greater Than One Year Percentage
RevenueRemainingPerformanceObligationGreaterThanOneYearPercentage
0.414
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.233
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.114
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.067
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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us-gaap Common Stock Voting Rights
CommonStockVotingRights
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CY2021Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
100.00
CY2021Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
100.00
us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
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clvt Treasury Stock Reissued Average Cost Per Share
TreasuryStockReissuedAverageCostPerShare
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CY2021Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
30.99
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
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250000000.0 usd
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
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us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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us-gaap Treasury Stock Value Acquired Cost Method
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175000000.0 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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825000000.0 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
10700000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
16.33
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
175000000.0 usd
us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
10700000 shares
clvt Treasury Stock Retired Average Cost Per Share
TreasuryStockRetiredAverageCostPerShare
16.33
us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
175000000.0 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
21700000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
48400000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
58200000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
97200000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10500000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
72900000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8200000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26800000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
158700000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8500000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.144
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18700000 usd
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
43700000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
674300000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
611100000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
43700000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q2 us-gaap Dilutive Securities
DilutiveSecurities
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CY2021Q2 us-gaap Dilutive Securities
DilutiveSecurities
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
674300000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
611100000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4100000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
678400000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
611100000 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q2 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
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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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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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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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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us-gaap Dilutive Securities
DilutiveSecurities
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us-gaap Dilutive Securities
DilutiveSecurities
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
678300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
606800000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4900000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
683200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
617100000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Number Of Operating Segments
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CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
686600000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
445700000 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
23500000 usd
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
200000 usd
CY2022Q2 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
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CY2021Q2 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
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CY2022Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
24600000 usd
CY2021Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
900000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
15800000 usd
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
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us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
38300000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1348800000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
874100000 usd
CY2022Q2 clvt Adjusted Ebitda
AdjustedEBITDA
274400000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
6200000 usd
CY2021Q2 clvt Adjusted Ebitda
AdjustedEBITDA
189000000.0 usd
clvt Adjusted Ebitda
AdjustedEBITDA
536700000 usd
clvt Adjusted Ebitda
AdjustedEBITDA
353800000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10500000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26800000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8500000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
175600000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
130300000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
352000000.0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
261900000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
62300000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
38500000 usd
us-gaap Interest Expense
InterestExpense
121800000 usd
us-gaap Interest Expense
InterestExpense
75900000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
69600000 usd
CY2022Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
21000000.0 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-149400000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2022Q2 clvt Deferred Revenues Adjustment
DeferredRevenuesAdjustment
800000 usd
CY2021Q2 clvt Deferred Revenues Adjustment
DeferredRevenuesAdjustment
1400000 usd
clvt Deferred Revenues Adjustment
DeferredRevenuesAdjustment
600000 usd
clvt Deferred Revenues Adjustment
DeferredRevenuesAdjustment
4400000 usd
CY2022Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5100000 usd
CY2021Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
13900000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
11800000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-9000000.0 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22100000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58200000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
59100000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
97200000 usd
CY2022Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
19200000 usd
CY2021Q2 us-gaap Restructuring Settlement And Impairment Provisions
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50700000 usd
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
30900000 usd
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
118600000 usd
CY2022Q2 clvt Other Reconciling Items Ebitda To Net Income Loss Attributable To Parent
OtherReconcilingItemsEBITDAToNetIncomeLossAttributableToParent
-34600000 usd
CY2021Q2 clvt Other Reconciling Items Ebitda To Net Income Loss Attributable To Parent
OtherReconcilingItemsEBITDAToNetIncomeLossAttributableToParent
-1700000 usd
clvt Other Reconciling Items Ebitda To Net Income Loss Attributable To Parent
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clvt Other Reconciling Items Ebitda To Net Income Loss Attributable To Parent
OtherReconcilingItemsEBITDAToNetIncomeLossAttributableToParent
14000000.0 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
62400000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-131500000 usd
us-gaap Net Income Loss
NetIncomeLoss
131900000 usd
us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18700000 usd
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
37400000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
43700000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-131500000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
94500000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-187500000 usd
CY2022Q2 us-gaap Loss Contingency Accrual Carrying Value Current
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60400000 usd
CY2021Q4 us-gaap Restructuring Reserve
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29000000.0 usd
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
11700000 usd
CY2022Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
24200000 usd
CY2022Q1 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
400000 usd
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
16900000 usd
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
19200000 usd
CY2022Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
13100000 usd
CY2022Q2 clvt Restructuring Reserve Asset Impairment Charge
RestructuringReserveAssetImpairmentCharge
-8400000 usd
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
14600000 usd
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
29500000 usd
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
67900000 usd
CY2021Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
20100000 usd
CY2021Q1 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
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CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
35000000.0 usd
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
50700000 usd
CY2021Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
33400000 usd
CY2021Q2 clvt Restructuring Reserve Asset Impairment Charge
RestructuringReserveAssetImpairmentCharge
-2700000 usd
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
49600000 usd
CY2022Q2 us-gaap Restructuring Charges
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19200000 usd
CY2021Q2 us-gaap Restructuring Charges
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50700000 usd
us-gaap Restructuring Charges
RestructuringCharges
30900000 usd
us-gaap Restructuring Charges
RestructuringCharges
118600000 usd
CY2022Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
6200000 usd
CY2021Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
28600000 usd
CY2022Q2 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-200000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-400000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-3100000 usd

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