$COMM
CommScope Holding Company, Inc.

2021 Q2 Form 10-Q Financial Statement

#000156459021040983 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $2.185B $2.103B
YoY Change 3.92% -18.07%
Cost Of Revenue $1.512B $1.447B
YoY Change 4.51% -24.13%
Gross Profit $673.3M $656.1M
YoY Change 2.62% -0.59%
Gross Profit Margin 30.81% 31.2%
Selling, General & Admin $302.3M $283.3M
YoY Change 6.71% -41.09%
% of Gross Profit 44.9% 43.18%
Research & Development $176.3M $176.1M
YoY Change 0.11% -0.96%
% of Gross Profit 26.18% 26.84%
Depreciation & Amortization $32.60M $37.90M
YoY Change -13.98% -5.49%
% of Gross Profit 4.84% 5.78%
Operating Expenses $691.7M $617.0M
YoY Change 12.11% -29.02%
Operating Profit -$18.40M -$194.8M
YoY Change -90.55% -6.88%
Interest Expense $138.0M -$144.8M
YoY Change -195.3% -187.6%
% of Operating Profit
Other Income/Expense, Net $1.500M $3.400M
YoY Change -55.88% 385.71%
Pretax Income -$154.4M -$336.2M
YoY Change -54.07% -9.5%
Income Tax -$600.0K -$15.10M
% Of Pretax Income
Net Earnings -$153.8M -$321.1M
YoY Change -52.1% -3.86%
Net Earnings / Revenue -7.04% -15.27%
Basic Earnings Per Share -$0.82 -$1.71
Diluted Earnings Per Share -$0.82 -$1.71
COMMON SHARES
Basic Shares Outstanding 204.1 195.9M
Diluted Shares Outstanding 204.1 195.9M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $446.2M $823.0M
YoY Change -45.78% 136.49%
Cash & Equivalents $446.2M $823.4M
Short-Term Investments
Other Short-Term Assets $247.1M $237.0M
YoY Change 4.26% -16.84%
Inventory $1.150B $1.038B
Prepaid Expenses
Receivables $1.654B $1.649B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.497B $3.748B
YoY Change -6.69% -12.86%
LONG-TERM ASSETS
Property, Plant & Equipment $667.7M $900.0M
YoY Change -25.81% 17.29%
Goodwill $5.272B $5.231B
YoY Change 0.79% -9.17%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $653.5M $315.0M
YoY Change 107.46% -28.16%
Total Long-Term Assets $9.930B $10.39B
YoY Change -4.43% -10.7%
TOTAL ASSETS
Total Short-Term Assets $3.497B $3.748B
Total Long-Term Assets $9.930B $10.39B
Total Assets $13.43B $14.14B
YoY Change -5.02% -11.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.080B $1.222B
YoY Change -11.61% -13.12%
Accrued Expenses $862.9M $705.0M
YoY Change 22.4% 2.32%
Deferred Revenue $121.0M $122.0M
YoY Change -0.82% 43.02%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $32.00M $32.00M
YoY Change 0.0% 33.33%
Total Short-Term Liabilities $2.096B $2.141B
YoY Change -2.1% -6.32%
LONG-TERM LIABILITIES
Long-Term Debt $9.485B $9.947B
YoY Change -4.65% -3.45%
Other Long-Term Liabilities $533.8M $526.0M
YoY Change 1.48% -9.12%
Total Long-Term Liabilities $10.02B $10.47B
YoY Change -4.34% -3.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.096B $2.141B
Total Long-Term Liabilities $10.02B $10.47B
Total Liabilities $12.32B $12.81B
YoY Change -3.86% -5.19%
SHAREHOLDERS EQUITY
Retained Earnings -$2.004B
YoY Change
Common Stock $2.530B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $276.0M
YoY Change
Treasury Stock Shares $10.83M
Shareholders Equity $68.90M $299.8M
YoY Change
Total Liabilities & Shareholders Equity $13.43B $14.14B
YoY Change -5.02% -11.29%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$153.8M -$321.1M
YoY Change -52.1% -3.86%
Depreciation, Depletion And Amortization $32.60M $37.90M
YoY Change -13.98% -5.49%
Cash From Operating Activities $191.6M $209.0M
YoY Change -8.33% -183.07%
INVESTING ACTIVITIES
Capital Expenditures $33.80M $23.80M
YoY Change 42.02% -10.53%
Acquisitions
YoY Change
Other Investing Activities -$17.70M $0.00
YoY Change -100.0%
Cash From Investing Activities -$51.50M -$23.80M
YoY Change 116.39% -98.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.70M 241.6M
YoY Change -109.4% -86.13%
NET CHANGE
Cash From Operating Activities 191.6M 209.0M
Cash From Investing Activities -51.50M -23.80M
Cash From Financing Activities -22.70M 241.6M
Net Change In Cash 117.4M 426.8M
YoY Change -72.49% 149.3%
FREE CASH FLOW
Cash From Operating Activities $191.6M $209.0M
Capital Expenditures $33.80M $23.80M
Free Cash Flow $157.8M $185.2M
YoY Change -14.79% -166.57%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2021Q2 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OtherNoncurrentAssetsMember
CY2021Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OtherNoncurrentAssetsMember
CY2021Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
comm:AccruedAndOtherLiabilitiesCurrent
CY2020Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
comm:AccruedAndOtherLiabilitiesCurrent
CY2021Q2 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilitiesNoncurrent
CY2020Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilitiesNoncurrent
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
533800000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
446200000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
30800000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1653900000
CY2021Q2 us-gaap Inventory Net
InventoryNet
1150200000
CY2021Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
247100000
CY2021Q2 us-gaap Assets Current
AssetsCurrent
3497400000
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
759100000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
667700000
CY2021Q2 us-gaap Goodwill
Goodwill
5272300000
CY2021Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
3336900000
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
653500000
CY2021Q2 us-gaap Assets
Assets
13427800000
CY2021Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1080100000
CY2021Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
983900000
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
32000000.0
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2096000000.0
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9484800000
CY2021Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
202500000
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000
CY2021Q2 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
1041819
CY2021Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
1041819
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1300000000
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
204154201
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
204154201
CY2021Q2 us-gaap Common Stock Value
CommonStockValue
2100000
CY2021Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2528100000
CY2021Q2 us-gaap Liabilities
Liabilities
12317100000
CY2021Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
1041800000
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2004100000
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-181200000
CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
10834613
CY2021Q2 us-gaap Treasury Stock Value
TreasuryStockValue
276000000.0
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
68900000
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13427800000
us-gaap Profit Loss
ProfitLoss
-251400000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
392800000
us-gaap Share Based Compensation
ShareBasedCompensation
40000000.0
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-81100000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
206700000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
173900000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
64900000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-32300000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
169000000.0
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60200000
comm Product Warranty Accrual Warranties Issued Claims Recovered
ProductWarrantyAccrualWarrantiesIssuedClaimsRecovered
23200000
comm Product Warranty Accrual Warranties Issued Claims Recovered
ProductWarrantyAccrualWarrantiesIssuedClaimsRecovered
7400000
CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5400000
CY2020Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4900000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
13100000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
12000000.0
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
62100000
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
57300000
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
59500000
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
61000000.0
CY2021Q2 comm Product Warranty Accrual Warranties Issued Claims Recovered
ProductWarrantyAccrualWarrantiesIssuedClaimsRecovered
12600000
CY2020Q2 comm Product Warranty Accrual Warranties Issued Claims Recovered
ProductWarrantyAccrualWarrantiesIssuedClaimsRecovered
3400000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1300000
us-gaap Payments For Hedge Investing Activities
PaymentsForHedgeInvestingActivities
18000000.0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76900000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
16000000.0
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
116000000.0
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
250000000.0
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
28700000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
900000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6300000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
128600000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-22100000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-75700000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
225200000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
823400000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
13100000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
29300000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-25300000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-78400000
CY2021Q2 comm Percentage Of Convertible Preferred Stock
PercentageOfConvertiblePreferredStock
1
CY2021Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2020Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2020Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021Q2 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
200000
CY2020Q2 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
100000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-100000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-500000
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
69500000
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
55900000
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
69500000
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
55900000
CY2021Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
67700000
CY2021Q2 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
4000000.0
us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
4000000.0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
206700000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
206700000
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.004
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.107
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-600000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-154400000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-30100000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-281500000
CY2021Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
37300000
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
37300000
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.045
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.088
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15100000
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-336200000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-46500000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-527500000
CY2020Q2 comm Income Tax Expense Benefit Goodwill Impairment Charges
IncomeTaxExpenseBenefitGoodwillImpairmentCharges
206700000
comm Income Tax Expense Benefit Goodwill Impairment Charges
IncomeTaxExpenseBenefitGoodwillImpairmentCharges
206700000
CY2020Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
20300000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
21900000
CY2020Q2 comm Impact Of Excess Tax Benefits On Income Tax Expense
ImpactOfExcessTaxBenefitsOnIncomeTaxExpense
3700000
comm Impact Of Excess Tax Benefits On Income Tax Expense
ImpactOfExcessTaxBenefitsOnIncomeTaxExpense
7800000
CY2021Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
14300000
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
28700000
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
27700000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-280100000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-508700000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
195900000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202900000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
195400000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
202900000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
195400000
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.60
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.82
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.60
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
6080300000
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
793800000
CY2020Q4 us-gaap Goodwill
Goodwill
5286500000
comm Goodwill Foreign Exchange And Other
GoodwillForeignExchangeAndOther
-14200000
CY2021Q2 us-gaap Goodwill Gross
GoodwillGross
6066100000
CY2021Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
793800000
CY2021Q2 us-gaap Goodwill
Goodwill
5272300000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
32100000
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40000000.0
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40300000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
35400000
CY2021Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1100000
CY2020Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-3700000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8300000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-9900000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
500000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
600000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
600000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2700000
CY2021Q2 comm Allowance For Doubtful Accounts Receivable Foreign Exchange And Other
AllowanceForDoubtfulAccountsReceivableForeignExchangeAndOther
-300000
CY2020Q2 comm Allowance For Doubtful Accounts Receivable Foreign Exchange And Other
AllowanceForDoubtfulAccountsReceivableForeignExchangeAndOther
-300000
comm Allowance For Doubtful Accounts Receivable Foreign Exchange And Other
AllowanceForDoubtfulAccountsReceivableForeignExchangeAndOther
600000
comm Allowance For Doubtful Accounts Receivable Foreign Exchange And Other
AllowanceForDoubtfulAccountsReceivableForeignExchangeAndOther
-800000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
30800000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
30800000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
43400000
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
179200000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
143200000
CY2021Q2 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
22600000
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
53700000
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
324300000
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
280200000
CY2021Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
162000000.0
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
140600000
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
663900000
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
668100000
CY2021Q2 us-gaap Inventory Net
InventoryNet
1150200000
CY2020Q4 us-gaap Inventory Net
InventoryNet
1088900000
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
241700000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
277900000
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
121000000.0
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
90000000.0
CY2021Q2 us-gaap Interest Payable Current
InterestPayableCurrent
120200000
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
120200000
CY2021Q2 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
65700000
CY2020Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
25700000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
56100000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
62400000
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
53900000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
45800000
CY2021Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
52000000.0
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
22000000.0
CY2021Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
273300000
CY2020Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
266600000
CY2021Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
983900000
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
910600000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
139400000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
159300000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
56100000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
62400000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
101600000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
119100000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
157700000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
181500000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
39100000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
37200000
us-gaap Interest Paid Net
InterestPaidNet
261700000
us-gaap Interest Paid Net
InterestPaidNet
277100000
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9644000000.0
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9660000000.0
CY2021Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
22600000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
24800000
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
104600000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
114600000
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
32000000.0
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
32000000.0
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9484800000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9488600000
CY2021Q2 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0581
CY2020Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0586
CY2021Q2 us-gaap Assets
Assets
13427800000
CY2020Q4 us-gaap Assets
Assets
13576800000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2185300000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2102800000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4257300000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4136000000.0
CY2021Q2 comm Segment Adjusted Ebitda
SegmentAdjustedEBITDA
307700000
CY2020Q2 comm Segment Adjusted Ebitda
SegmentAdjustedEBITDA
279800000
comm Segment Adjusted Ebitda
SegmentAdjustedEBITDA
597400000
comm Segment Adjusted Ebitda
SegmentAdjustedEBITDA
511000000.0
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
154200000
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
157600000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
308900000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
315400000
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
58900000
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
19600000
us-gaap Restructuring Charges
RestructuringCharges
103300000
us-gaap Restructuring Charges
RestructuringCharges
43300000
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
16400000
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
32500000
us-gaap Share Based Compensation
ShareBasedCompensation
40000000.0
us-gaap Share Based Compensation
ShareBasedCompensation
56000000.0
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
206700000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
206700000
CY2021Q2 comm Transaction Transformation And Integration Charges
TransactionTransformationAndIntegrationCharges
21000000.0
CY2020Q2 comm Transaction Transformation And Integration Charges
TransactionTransformationAndIntegrationCharges
7600000
comm Transaction Transformation And Integration Charges
TransactionTransformationAndIntegrationCharges
36700000
comm Transaction Transformation And Integration Charges
TransactionTransformationAndIntegrationCharges
13000000.0
CY2021Q2 comm Purchase Accounting Adjustments
PurchaseAccountingAdjustments
3000000.0
CY2020Q2 comm Purchase Accounting Adjustments
PurchaseAccountingAdjustments
5200000
comm Purchase Accounting Adjustments
PurchaseAccountingAdjustments
6200000
comm Purchase Accounting Adjustments
PurchaseAccountingAdjustments
10700000
CY2021Q2 comm Patent Claims And Litigation Settlements
PatentClaimsAndLitigationSettlements
40000000.0
CY2020Q2 comm Patent Claims And Litigation Settlements
PatentClaimsAndLitigationSettlements
7500000
comm Patent Claims And Litigation Settlements
PatentClaimsAndLitigationSettlements
41500000
comm Patent Claims And Litigation Settlements
PatentClaimsAndLitigationSettlements
12800000
CY2021Q2 us-gaap Depreciation
Depreciation
32600000
CY2020Q2 us-gaap Depreciation
Depreciation
37900000
us-gaap Depreciation
Depreciation
70300000
us-gaap Depreciation
Depreciation
79700000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-18400000
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-194800000
us-gaap Operating Income Loss
OperatingIncomeLoss
-9500000
us-gaap Operating Income Loss
OperatingIncomeLoss
-226600000
CY2021Q2 us-gaap Depreciation
Depreciation
32600000
CY2020Q2 us-gaap Depreciation
Depreciation
37900000
us-gaap Depreciation
Depreciation
70300000
us-gaap Depreciation
Depreciation
79700000
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33800000
CY2020Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23800000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60200000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47700000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2185300000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2102800000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4257300000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4136000000.0
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
58900000
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
19600000
us-gaap Restructuring Charges
RestructuringCharges
103300000
us-gaap Restructuring Charges
RestructuringCharges
43300000
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
91700000
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
26000000.0
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
149300000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16400000
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32500000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40000000.0
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56000000.0

Files In Submission

Name View Source Status
0001564590-21-040983-index-headers.html Edgar Link pending
0001564590-21-040983-index.html Edgar Link pending
0001564590-21-040983.txt Edgar Link pending
0001564590-21-040983-xbrl.zip Edgar Link pending
comm-10q_20210630.htm Edgar Link pending
comm-10q_20210630_htm.xml Edgar Link completed
comm-20210630.xsd Edgar Link pending
comm-20210630_cal.xml Edgar Link unprocessable
comm-20210630_def.xml Edgar Link unprocessable
comm-20210630_lab.xml Edgar Link unprocessable
comm-20210630_pre.xml Edgar Link unprocessable
comm-ex311_8.htm Edgar Link pending
comm-ex312_6.htm Edgar Link pending
comm-ex321_7.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending