2021 Q1 Form 10-Q Financial Statement

#000167770321000028 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020 Q1
Revenue $1.028B $1.055B $1.051B
YoY Change -2.19% -4.0% -9.24%
Cost Of Revenue $787.0M $803.0M $832.0M
YoY Change -5.41% -5.53% -8.17%
Gross Profit $241.0M $252.0M $219.0M
YoY Change 10.05% 1.2% -13.1%
Gross Profit Margin 23.44% 23.89% 20.84%
Selling, General & Admin $126.0M $119.0M $116.0M
YoY Change 8.62% 0.0% -8.66%
% of Gross Profit 52.28% 47.22% 52.97%
Research & Development $0.00 $0.00 $1.000M
YoY Change -100.0% -100.0% -66.67%
% of Gross Profit 0.0% 0.0% 0.46%
Depreciation & Amortization $95.00M $115.0M $117.0M
YoY Change -18.8% -1.71% 1.74%
% of Gross Profit 39.42% 45.63% 53.42%
Operating Expenses $126.0M $235.0M $117.0M
YoY Change 7.69% -0.42% -10.0%
Operating Profit $115.0M $17.00M $102.0M
YoY Change 12.75% 30.77% -16.39%
Interest Expense $13.00M -$14.00M $17.00M
YoY Change -23.53% -22.22% -15.0%
% of Operating Profit 11.3% -82.35% 16.67%
Other Income/Expense, Net
YoY Change
Pretax Income -$9.000M -$11.00M -$51.00M
YoY Change -82.35% -98.27% -84.91%
Income Tax $2.000M $0.00 -$2.000M
% Of Pretax Income
Net Earnings -$11.00M -$11.00M -$49.00M
YoY Change -77.55% -98.11% -84.09%
Net Earnings / Revenue -1.07% -1.04% -4.66%
Basic Earnings Per Share -$0.06 -$0.24
Diluted Earnings Per Share -$0.06 -$52.33K -$0.24
COMMON SHARES
Basic Shares Outstanding 212.3M shares 209.3M shares 211.1M shares
Diluted Shares Outstanding 212.3M shares 211.1M shares

Balance Sheet

Concept 2021 Q1 2020 Q4 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $389.0M $450.0M $395.0M
YoY Change -1.52% -9.27% -24.04%
Cash & Equivalents $389.0M $450.0M $395.0M
Short-Term Investments
Other Short-Term Assets $334.0M $306.0M $318.0M
YoY Change 5.03% 8.13% 8.16%
Inventory
Prepaid Expenses
Receivables $664.0M $670.0M $690.0M
Other Receivables $53.00M $53.00M $52.00M
Total Short-Term Assets $1.551B $1.577B $1.572B
YoY Change -1.34% -0.57% -14.15%
LONG-TERM ASSETS
Property, Plant & Equipment $281.0M $305.0M $321.0M
YoY Change -12.46% -10.82% -4.46%
Goodwill $1.513B $1.528B $1.486B
YoY Change 1.82% 1.73% -53.14%
Intangibles $147.0M $187.0M $366.0M
YoY Change -59.84% -56.1% -41.63%
Long-Term Investments
YoY Change
Other Assets $413.0M $413.0M $384.0M
YoY Change 7.55% 6.72% 6.67%
Total Long-Term Assets $2.599B $2.679B $2.822B
YoY Change -7.9% -8.5% -41.6%
TOTAL ASSETS
Total Short-Term Assets $1.551B $1.577B $1.572B
Total Long-Term Assets $2.599B $2.679B $2.822B
Total Assets $4.150B $4.256B $4.394B
YoY Change -5.55% -5.72% -34.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $167.0M $182.0M $168.0M
YoY Change -0.6% -8.08% -46.33%
Accrued Expenses $524.0M $547.0M $523.0M
YoY Change 0.19% -4.7% -7.92%
Deferred Revenue $128.0M $133.0M $109.0M
YoY Change 17.43% 23.15% 5.83%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $89.00M $90.00M $60.00M
YoY Change 48.33% 80.0% 13.21%
Total Short-Term Liabilities $1.045B $1.092B $1.023B
YoY Change 2.15% -7.22% -28.66%
LONG-TERM LIABILITIES
Long-Term Debt $1.388B $1.420B $1.596B
YoY Change -13.03% -3.01% 6.68%
Other Long-Term Liabilities $106.0M $108.0M $81.00M
YoY Change 30.86% 18.68% -18.18%
Total Long-Term Liabilities $106.0M $108.0M $81.00M
YoY Change 30.86% 18.68% -18.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.045B $1.092B $1.023B
Total Long-Term Liabilities $106.0M $108.0M $81.00M
Total Liabilities $2.840B $2.924B $3.032B
YoY Change -6.33% -4.82% -15.64%
SHAREHOLDERS EQUITY
Retained Earnings -$2.326B -$2.313B -$2.236B
YoY Change 4.03% 5.86% 305.81%
Common Stock $2.000M $2.000M $2.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.168B $1.190B $1.220B
YoY Change
Total Liabilities & Shareholders Equity $4.150B $4.256B $4.394B
YoY Change -5.55% -5.72% -34.05%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020 Q1
OPERATING ACTIVITIES
Net Income -$11.00M -$11.00M -$49.00M
YoY Change -77.55% -98.11% -84.09%
Depreciation, Depletion And Amortization $95.00M $115.0M $117.0M
YoY Change -18.8% -1.71% 1.74%
Cash From Operating Activities -$2.000M $172.0M -$192.0M
YoY Change -98.96% -50.57% 291.84%
INVESTING ACTIVITIES
Capital Expenditures $14.00M -$44.00M $11.00M
YoY Change 27.27% -22.81% -79.25%
Acquisitions
YoY Change
Other Investing Activities $1.000M $2.000M $1.000M
YoY Change 0.0% -101.02%
Cash From Investing Activities -$29.00M -$42.00M -$23.00M
YoY Change 26.09% -26.32% -86.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $23.00M $15.00M
YoY Change 53.33% 7.14%
Cash From Financing Activities -$25.00M -173.0M $130.0M
YoY Change -119.23% 592.0% -690.91%
NET CHANGE
Cash From Operating Activities -$2.000M 172.0M -$192.0M
Cash From Investing Activities -$29.00M -42.00M -$23.00M
Cash From Financing Activities -$25.00M -173.0M $130.0M
Net Change In Cash -$59.00M -43.00M -$92.00M
YoY Change -35.87% -116.17% -61.18%
FREE CASH FLOW
Cash From Operating Activities -$2.000M $172.0M -$192.0M
Capital Expenditures $14.00M -$44.00M $11.00M
Free Cash Flow -$16.00M $216.0M -$203.0M
YoY Change -92.12% -46.67% 99.02%

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CY2020Q1 cndt Depreciationand Amortizationexcluding Amortizationof Acquired Intangible Assets
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CY2021Q1 cndt California Medicaid Management Information System Mmis
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CY2020Q1 cndt California Medicaid Management Information System Mmis
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CY2020Q4 us-gaap Long Term Debt Current
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CY2020Q4 cndt Long Term Debt Excluding Current Maturities And Capital Lease Obligations
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CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
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22.25
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2000000 USD
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2000000 USD
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CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2020Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2021Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q1 us-gaap Income Taxes Receivable
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CY2021Q1 us-gaap Value Added Tax Receivable Current
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CY2020Q4 us-gaap Value Added Tax Receivable Current
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CY2021Q1 us-gaap Restricted Cash Current
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10000000 USD
CY2020Q4 us-gaap Restricted Cash Current
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CY2020Q1 cndt Capitalized Cloud Computing Cost Current
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10000000 USD
CY2020Q4 cndt Capitalized Cloud Computing Cost Current
CapitalizedCloudComputingCostCurrent
8000000 USD
CY2021Q1 us-gaap Other Receivables Net Current
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53000000 USD
CY2020Q4 us-gaap Other Receivables Net Current
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CY2021Q1 us-gaap Other Assets Miscellaneous Current
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CY2021Q1 us-gaap Other Assets Current
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CY2021Q1 us-gaap Other Accrued Liabilities Current
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CY2021Q1 us-gaap Litigation Reserve Current
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CY2021Q1 us-gaap Operating Lease Liability Current
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CY2021Q1 us-gaap Other Sundry Liabilities Current
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163000000 USD
CY2021Q1 us-gaap Deferred Costs
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74000000 USD
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76000000 USD
CY2021Q1 cndt Product Software Net
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72000000 USD
CY2021Q1 cndt Capitalized Cloud Computing Cost Non Current
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31000000 USD
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33000000 USD
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CY2021Q1 us-gaap Other Assets Noncurrent
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CY2021Q1 us-gaap Accrued Income Taxes Noncurrent
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CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
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CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2021Q1 us-gaap Restructuring Reserve Noncurrent
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CY2021Q1 us-gaap Other Sundry Liabilities Noncurrent
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CY2021Q1 us-gaap Revenue From Related Parties
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CY2020Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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CY2020Q4 us-gaap Goodwill
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CY2021Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2021Q1 us-gaap Goodwill
Goodwill
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CY2021Q1 us-gaap Goodwill Gross
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4400000000 USD
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2887000000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
1513000000 USD

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