2019 Q4 Form 10-K Financial Statement

#000157642721000008 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $652.6M $2.262B $670.1M
YoY Change -2.6% -1.69% -0.58%
Cost Of Revenue $417.7M $1.432B $437.0M
YoY Change -4.42% -2.29% 1.92%
Gross Profit $234.9M $829.0M $233.1M
YoY Change 0.8% -0.62% -4.95%
Gross Profit Margin 36.0% 36.66% 34.78%
Selling, General & Admin $114.1M $515.2M $118.5M
YoY Change -3.65% 1.45% -0.78%
% of Gross Profit 48.59% 62.15% 50.83%
Research & Development $33.45M $172.6M $40.99M
YoY Change -18.4% -3.72% -1.23%
% of Gross Profit 14.24% 20.82% 17.59%
Depreciation & Amortization $39.73M $56.60M $32.83M
YoY Change 21.03% -27.61% 4.87%
% of Gross Profit 16.91% 6.83% 14.08%
Operating Expenses $165.4M $687.8M $169.7M
YoY Change -2.51% 0.1% -0.09%
Operating Profit $69.54M $141.2M $63.40M
YoY Change 9.68% -4.01% -15.91%
Interest Expense -$1.493M $2.383M -$1.723M
YoY Change -13.35% 13.1% -21.68%
% of Operating Profit -2.15% 1.69% -2.72%
Other Income/Expense, Net -$28.00K -$5.749M -$23.00K
YoY Change 21.74% 13.08%
Pretax Income $57.36M $135.5M $60.43M
YoY Change -5.09% -4.62% -11.52%
Income Tax $15.88M $39.50M $18.30M
% Of Pretax Income 27.69% 29.16% 30.28%
Net Earnings $42.02M $90.75M $37.97M
YoY Change 10.69% 2.37% -28.37%
Net Earnings / Revenue 6.44% 4.01% 5.67%
Basic Earnings Per Share $1.41
Diluted Earnings Per Share $650.1K $1.38 $566.2K
COMMON SHARES
Basic Shares Outstanding 64.08M shares 64.31M shares 67.36M shares
Diluted Shares Outstanding 65.60M shares

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $418.8M $418.8M $364.4M
YoY Change 14.91% 14.93% -12.0%
Cash & Equivalents $418.8M $364.4M
Short-Term Investments $189.1M $189.1M $125.4M
Other Short-Term Assets $17.23M $13.00M $22.82M
YoY Change -24.5% -28.18% -13.34%
Inventory
Prepaid Expenses $7.891M $12.30M
Receivables $481.7M $481.7M $473.9M
Other Receivables $86.97M $87.00M $77.47M
Total Short-Term Assets $1.000B $1.001B $933.9M
YoY Change 7.13% 7.13% -5.84%
LONG-TERM ASSETS
Property, Plant & Equipment $194.2M $336.2M $184.0M
YoY Change 5.51% 82.72% 13.77%
Goodwill $317.1M $312.9M
YoY Change 1.35% 32.11%
Intangibles $86.89M $112.0M
YoY Change -22.45% 16.43%
Long-Term Investments $21.75M $21.70M $20.46M
YoY Change 6.29% 5.85% 4.92%
Other Assets $27.99M $28.00M $33.89M
YoY Change -17.43% -17.4% 34.5%
Total Long-Term Assets $789.9M $789.9M $663.3M
YoY Change 19.09% 19.1% 22.94%
TOTAL ASSETS
Total Short-Term Assets $1.000B $1.001B $933.9M
Total Long-Term Assets $789.9M $789.9M $663.3M
Total Assets $1.790B $1.790B $1.597B
YoY Change 12.1% 12.1% 4.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $394.7M $394.7M $446.8M
YoY Change -11.67% -11.66% -0.22%
Accrued Expenses $120.6M $120.6M $65.88M
YoY Change 83.12% 83.0% -0.49%
Deferred Revenue $227.0K $623.0K
YoY Change -63.56% -11.76%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.636M $3.600M $1.018M
YoY Change 257.17% 260.0% 3.67%
Total Short-Term Liabilities $610.3M $610.3M $605.3M
YoY Change 0.83% 0.83% -2.52%
LONG-TERM LIABILITIES
Long-Term Debt $769.0K $800.0K $2.490M
YoY Change -69.12% -68.0% 38.49%
Other Long-Term Liabilities $5.543M $132.0M $5.103M
YoY Change 8.62% 1145.28% 82.71%
Total Long-Term Liabilities $142.1M $132.8M $23.90M
YoY Change 494.38% 913.74% 89.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $610.3M $610.3M $605.3M
Total Long-Term Liabilities $142.1M $132.8M $23.90M
Total Liabilities $752.4M $783.1M $629.2M
YoY Change 19.57% 19.83% -0.69%
SHAREHOLDERS EQUITY
Retained Earnings $451.7M $387.9M
YoY Change 16.46% 29.2%
Common Stock $670.5M $665.5M
YoY Change 0.76% 12.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $74.90M $79.16M
YoY Change -5.38%
Treasury Stock Shares 3.900M shares 3.500M shares
Shareholders Equity $1.007B $1.007B $943.7M
YoY Change
Total Liabilities & Shareholders Equity $1.790B $1.790B $1.597B
YoY Change 12.1% 12.1% 4.3%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $42.02M $90.75M $37.97M
YoY Change 10.69% 2.37% -28.37%
Depreciation, Depletion And Amortization $39.73M $56.60M $32.83M
YoY Change 21.03% -27.61% 4.87%
Cash From Operating Activities $59.36M $222.8M $85.63M
YoY Change -30.68% -14.53% 8.39%
INVESTING ACTIVITIES
Capital Expenditures -$17.52M -$97.90M -$38.58M
YoY Change -54.59% -21.99% -19.46%
Acquisitions
YoY Change
Other Investing Activities -$17.00K -$5.900M -$59.14M
YoY Change -99.97% -64.91% -362.84%
Cash From Investing Activities -$17.54M -$103.9M -$97.72M
YoY Change -82.05% -54.18% 283.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $56.90M
YoY Change -27.54%
Debt Paid & Issued, Net $1.022M
YoY Change 6.02%
Cash From Financing Activities -40.47M -$59.11M -79.38M
YoY Change -49.01% -5.69% -1468.55%
NET CHANGE
Cash From Operating Activities 59.36M $222.8M 85.63M
Cash From Investing Activities -17.54M -$103.9M -97.72M
Cash From Financing Activities -40.47M -$59.11M -79.38M
Net Change In Cash 1.349M $54.34M -91.47M
YoY Change -101.47% -209.36% -254.24%
FREE CASH FLOW
Cash From Operating Activities $59.36M $222.8M $85.63M
Capital Expenditures -$17.52M -$97.90M -$38.58M
Free Cash Flow $76.88M $320.7M $124.2M
YoY Change -38.1% -16.96% -2.12%

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53213000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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-8070000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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-18781000 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-4692000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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1211000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-916000 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-5214000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
1373000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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-1235000 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-522000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
162000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-319000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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132594000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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86688000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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78014000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
130821000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
86353000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
77594000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1773000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
335000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
420000 USD
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95879000 USD
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2955000 USD
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65118000 USD
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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58883000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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39613000 USD
CY2019 us-gaap Stockholders Equity Other
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-849000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1037988000 USD
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74689000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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57906000 USD
CY2020 us-gaap Stock Issued During Period Value New Issues
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CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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43587000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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27101000 USD
CY2020 us-gaap Stockholders Equity Other
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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74689000 USD
CY2019 us-gaap Profit Loss
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95969000 USD
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95879000 USD
CY2020 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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154629000 USD
CY2019 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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126281000 USD
CY2018 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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154436000 USD
CY2020 crto Depreciation Depletionand Amortizationand Provisionsfor Various
DepreciationDepletionandAmortizationandProvisionsforVarious
106591000 USD
CY2019 crto Depreciation Depletionand Amortizationand Provisionsfor Various
DepreciationDepletionandAmortizationandProvisionsforVarious
97110000 USD
CY2018 crto Depreciation Depletionand Amortizationand Provisionsfor Various
DepreciationDepletionandAmortizationandProvisionsforVarious
111825000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
28770000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
40999000 USD
CY2018 us-gaap Share Based Compensation
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66600000 USD
CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-2714000 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3720000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15418000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8157000 USD
CY2020 us-gaap Increase Decrease In Income Taxes
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10867000 USD
CY2019 us-gaap Increase Decrease In Income Taxes
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-28015000 USD
CY2018 us-gaap Increase Decrease In Income Taxes
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-12744000 USD
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1967000 USD
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-769000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3088000 USD
CY2020 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
43962000 USD
CY2019 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-582000 USD
CY2018 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-10411000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
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3957000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-876000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1358000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-33314000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-14145000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
9047000 USD
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
7188000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-7631000 USD
CY2018 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-3974000 USD
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
6261000 USD
CY2019 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
11390000 USD
CY2018 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-3968000 USD
CY2020 crto Increase Decrease In Operating Lease Liabilities Assets
IncreaseDecreaseInOperatingLeaseLiabilitiesAssets
-5764000 USD
CY2019 crto Increase Decrease In Operating Lease Liabilities Assets
IncreaseDecreaseInOperatingLeaseLiabilitiesAssets
-5170000 USD
CY2018 crto Increase Decrease In Operating Lease Liabilities Assets
IncreaseDecreaseInOperatingLeaseLiabilitiesAssets
0 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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185356000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
222832000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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260726000 USD
CY2020 crto Payments To Acquire Intangible Assets Property Plant And Equipment
PaymentsToAcquireIntangibleAssetsPropertyPlantAndEquipment
67287000 USD
CY2019 crto Payments To Acquire Intangible Assets Property Plant And Equipment
PaymentsToAcquireIntangibleAssetsPropertyPlantAndEquipment
82716000 USD
CY2018 crto Payments To Acquire Intangible Assets Property Plant And Equipment
PaymentsToAcquireIntangibleAssetsPropertyPlantAndEquipment
116984000 USD
CY2020 crto Increase Decreasein Accounts Payable Relatedto Intangible Assets Property Plantand Equipment
IncreaseDecreaseinAccountsPayableRelatedtoIntangibleAssetsPropertyPlantandEquipment
1818000 USD
CY2019 crto Increase Decreasein Accounts Payable Relatedto Intangible Assets Property Plantand Equipment
IncreaseDecreaseinAccountsPayableRelatedtoIntangibleAssetsPropertyPlantandEquipment
-15224000 USD
CY2018 crto Increase Decreasein Accounts Payable Relatedto Intangible Assets Property Plantand Equipment
IncreaseDecreaseinAccountsPayableRelatedtoIntangibleAssetsPropertyPlantandEquipment
-8494000 USD
CY2020 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
1176000 USD
CY2019 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
4582000 USD
CY2018 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
101180000 USD
CY2020 crto Paymentsfor Proceedsfrom Changein Other Financial Noncurrent Assets
PaymentsforProceedsfromChangeinOtherFinancialNoncurrentAssets
34448000 USD
CY2019 crto Paymentsfor Proceedsfrom Changein Other Financial Noncurrent Assets
PaymentsforProceedsfromChangeinOtherFinancialNoncurrentAssets
1366000 USD
CY2018 crto Paymentsfor Proceedsfrom Changein Other Financial Noncurrent Assets
PaymentsforProceedsfromChangeinOtherFinancialNoncurrentAssets
59000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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-101093000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-103888000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-226717000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2020 us-gaap Repayments Of Long Term Debt
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167344000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1022000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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964000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1727000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1691000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1473000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
43655000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
58588000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
80000000 USD
CY2020 crto Proceedsfrom Paymentsfor Changein Other Financial Liabilities
ProceedsfromPaymentsforChangeinOtherFinancialLiabilities
-1663000 USD
CY2019 crto Proceedsfrom Paymentsfor Changein Other Financial Liabilities
ProceedsfromPaymentsforChangeinOtherFinancialLiabilities
-1192000 USD
CY2018 crto Proceedsfrom Paymentsfor Changein Other Financial Liabilities
ProceedsfromPaymentsforChangeinOtherFinancialLiabilities
16815000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-57747000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-59111000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-62676000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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42732000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5496000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-21018000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
69248000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
54337000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-49685000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
418763000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
364426000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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414111000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488011000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
418763000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
364426000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17610000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
52093000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
67045000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
2155000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
1403000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
1695000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27100000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39600000 USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-bottom:3pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of our Consolidated Financial Statements requires the use of estimates, assumptions and judgments that affect the reported amounts of assets, liabilities, and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amount of revenue and expenses during the period. We base our estimates and assumptions on historical experience and other factors that we believe to be reasonable under the circumstances. We evaluate our estimates and assumptions on an ongoing basis. Our actual results may differ from these estimates. </span></div><div style="margin-bottom:3pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On an on-going basis, management evaluates its estimates, primarily those related to: (1) revenue recognition criteria (2) allowances for credit losses, (3) research tax credits (4) income taxes, including i) recognition of deferred tax assets arising from the subsidiaries projected taxable profit for future years, ii) evaluation of uncertain tax positions associated with our transfer pricing policy and iii) recognition of income tax position in respect with tax reforms recently enacted in countries we operate, (5) assumptions used in valuing acquired assets and assumed liabilities in business combinations, (6) assumptions used in the valuation of goodwill, intangible assets and right of use assets - operating lease, and (7) assumptions used in the valuation model to determine the fair value of share-based compensation plan.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The severity, magnitude, duration and after effects of the COVID-19 pandemic on general economic conditions increase uncertainty associated with these estimates, in particular those related to allowance for credit losses, assumptions used in the valuation of goodwill and estimates relating to income taxes.</span></div>
CY2020 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Property, Plant and Equipment and Impairment of Long-lived Assets</span></div><div style="margin-bottom:12pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset is impaired or the estimated useful life is no longer appropriate. If indicators of impairment exist and the undiscounted projected cash flows associated with an asset are less than the carrying amount of the asset, an impairment loss is recorded to write the asset down to its estimated fair value. Fair value is estimated based on discounted future cash flows.</span></div>
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:12pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents and accounts receivable. The Company’s cash and cash equivalents are held and foreign exchange contracts are transacted with major financial institutions that the Company's management has assessed to be of high credit quality. The Company has not experienced any losses in such accounts.</span></div><div style="margin-bottom:12pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company mitigates its credit risk with respect to accounts receivable by performing credit evaluations and monitoring agencies' and advertisers' accounts receivable balances. As of December 31, 2020 and 2019 no customer accounted for 10% or more of accounts receivable. During the years ended December 31, 2020, 2019 and 2018, no single customer represented 10% or more of revenue.</span></div>
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2018Q4 us-gaap Treasury Stock Shares
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3500000 shares
CY2019Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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1600000 shares
CY2019Q4 us-gaap Treasury Stock Shares
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3900000 shares
CY2020Q4 us-gaap Accounts Receivable Net Current
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474055000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
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481732000 USD
CY2020Q4 crto Prepaid Other Taxesand Other Taxes Receivable
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69987000 USD
CY2019Q4 crto Prepaid Other Taxesand Other Taxes Receivable
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60924000 USD
CY2020Q4 us-gaap Other Assets Current
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21405000 USD
CY2019Q4 us-gaap Other Assets Current
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17225000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
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41809000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
0 USD
CY2020Q4 us-gaap Nontrade Receivables Noncurrent
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18109000 USD
CY2019Q4 us-gaap Nontrade Receivables Noncurrent
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21747000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
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625365000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
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581628000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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-23800000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-9900000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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41809000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
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0 USD
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
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162457000 USD
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
189119000 USD
CY2020Q4 us-gaap Cash
Cash
325554000 USD
CY2019Q4 us-gaap Cash
Cash
229644000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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488011000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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418763000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
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513954000 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
497800000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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39899000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16068000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
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474055000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
481732000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16068000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25918000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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20818000 USD
CY2020 us-gaap Provision For Doubtful Accounts
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30818000 USD
CY2019 us-gaap Provision For Doubtful Accounts
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11072000 USD
CY2018 us-gaap Provision For Doubtful Accounts
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17656000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
11555000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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20811000 USD
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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11956000 USD
CY2020 crto Allowance For Doubtful Accounts Change In Consolidation Scope
AllowanceForDoubtfulAccountsChangeInConsolidationScope
0 USD
CY2019 crto Allowance For Doubtful Accounts Change In Consolidation Scope
AllowanceForDoubtfulAccountsChangeInConsolidationScope
0 USD
CY2018 crto Allowance For Doubtful Accounts Change In Consolidation Scope
AllowanceForDoubtfulAccountsChangeInConsolidationScope
-150000 USD
CY2020 crto Allowance For Doubtful Accounts Receivable Currency Translation Adjustment
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-1046000 USD
CY2019 crto Allowance For Doubtful Accounts Receivable Currency Translation Adjustment
AllowanceForDoubtfulAccountsReceivableCurrencyTranslationAdjustment
111000 USD
CY2018 crto Allowance For Doubtful Accounts Receivable Currency Translation Adjustment
AllowanceForDoubtfulAccountsReceivableCurrencyTranslationAdjustment
750000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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39899000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16068000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25918000 USD
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3600000 USD
CY2020Q4 crto Prepayments To Suppliers
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5613000 USD
CY2019Q4 crto Prepayments To Suppliers
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5109000 USD
CY2020Q4 crto Other Debtors
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5991000 USD
CY2019Q4 crto Other Debtors
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4225000 USD
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9801000 USD
CY2019Q4 us-gaap Prepaid Expense Current
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7891000 USD
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21405000 USD
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17225000 USD
CY2020Q4 crto Other Assetsand Receivables Current
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21405000 USD
CY2019Q4 crto Other Assetsand Receivables Current
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17225000 USD
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184013000 USD
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70542000 USD
CY2019 us-gaap Property Plant And Equipment Disposals
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1915000 USD
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56599000 USD
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3000 USD
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-1883000 USD
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0 USD
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194161000 USD
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452679000 USD
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258518000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
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194161000 USD
CY2020 us-gaap Property Plant And Equipment Additions
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52867000 USD
CY2020 us-gaap Property Plant And Equipment Disposals
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4313000 USD
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63297000 USD
CY2020 crto Property Plantand Equipment Changein Scope
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6000 USD
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10081000 USD
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0 USD
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189505000 USD
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482859000 USD
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293354000 USD
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112036000 USD
CY2019 crto Intangible Assets Acquired
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12175000 USD
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0 USD
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36888000 USD
CY2019 crto Intangible Assets Changein Consolidation Scope
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111000 USD
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548000 USD
CY2019 crto Intangible Assets Transfers Increase Decrease
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0 USD
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86886000 USD
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203294000 USD
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116408000 USD
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86886000 USD
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2 business
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14415000 USD
CY2020 crto Intangible Assets Disposed
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0 USD
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24940000 USD
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64000 USD
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-3319000 USD
CY2020 crto Intangible Assets Transfers Increase Decrease
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0 USD
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79744000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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227233000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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147489000 USD
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24040000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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21081000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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17530000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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9467000 USD
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7626000 USD
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0 USD
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312881000 USD
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5277000 USD
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317100000 USD
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2807000 USD
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5898000 USD
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325805000 USD
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1 business
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0 USD
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2640000 USD
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4258000 USD
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82000 USD
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LossContingencyAccrualProvisionReleasedNotUsed
402000 USD
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-29000 USD
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6385000 USD
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1501000 USD
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831000 USD
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2240000 USD
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111000 USD
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-2676000 USD
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2250000 USD
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USD
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2250000 USD
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0 USD
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1505000 USD
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1505000 USD
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845000 USD
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459000 USD
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45000 USD
CY2020Q4 crto Other Financial Liabilities Duein Third Year
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0 USD
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0 USD
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341000 USD
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0 USD
CY2020Q4 crto Financial Derivatives
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925000 USD
CY2020Q4 crto Derivative Liability Duein Next Fiscal Year
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925000 USD
CY2020Q4 crto Financial Liabilities
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3275000 USD
CY2020Q4 crto Financial Liabilities Duein Next Fiscal Year
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2889000 USD
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45000 USD
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0 USD
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0 USD
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341000 USD
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0 USD
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13744000 USD
CY2020 us-gaap Operating Lease Cost
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55033000 USD
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822000 USD
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1154000 USD
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14000 USD
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444000 USD
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242000 USD
CY2020 us-gaap Sublease Income
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756000 USD
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14338000 USD
CY2020 us-gaap Lease Cost
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55875000 USD
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19002000 USD
CY2019 us-gaap Operating Lease Cost
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63506000 USD
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605000 USD
CY2019 us-gaap Short Term Lease Cost
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4122000 USD
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CY2019 us-gaap Variable Lease Cost
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599000 USD
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378000 USD
CY2019 us-gaap Sublease Income
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2916000 USD
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18412000 USD
CY2019 us-gaap Lease Cost
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65311000 USD
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53565000 USD
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39393000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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22245000 USD
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10698000 USD
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7591000 USD
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2424000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
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135916000 USD
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4521000 USD
CY2020Q4 us-gaap Operating Lease Liability
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131395000 USD
CY2020 us-gaap Operating Lease Payments
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61343000 USD
CY2019 us-gaap Operating Lease Payments
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54259000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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57550000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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15714000 USD
CY2020Q4 us-gaap Contract With Customer Refund Liability Current
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12234000 USD
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13618000 USD
CY2020Q4 us-gaap Notes Payable Current
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14433000 USD
CY2019Q4 us-gaap Notes Payable Current
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16420000 USD
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4721000 USD
CY2019Q4 crto Accounts Payable Capital Expenditures
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4408000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Current
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1918000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Current
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1213000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
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84000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
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227000 USD
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33390000 USD
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35886000 USD
CY2019Q4 us-gaap Defined Benefit Plan Benefit Obligation
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8485000 USD
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5537000 USD
CY2017Q4 us-gaap Defined Benefit Plan Benefit Obligation
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5149000 USD
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2232000 USD
CY2019 us-gaap Defined Benefit Plan Service Cost
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1556000 USD
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1690000 USD
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95000 USD
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113000 USD
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86000 USD
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5214000 USD
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1235000 USD
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0 USD
CY2019 crto Defined Benefit Plan Changein Consolidation Scope
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0 USD
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98000 USD
CY2020 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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-569000 USD
CY2019 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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95000 USD
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251000 USD
CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
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6167000 USD
CY2019Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
8485000 USD
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
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5537000 USD
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0.0085
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.011
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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0.021
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
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0.050
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
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0.050
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
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0.050
CY2020 us-gaap Defined Contribution Plan Cost Recognized
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16211000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
15686000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
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16912000 USD
CY2018Q4 us-gaap Shares Outstanding
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64249084 shares
CY2019 us-gaap Stock Issued During Period Shares Share Based Compensation
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83266 shares
CY2019 us-gaap Treasury Stock Shares Retired
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1594288 shares
CY2019 us-gaap Treasury Stock Shares Acquired
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444554 shares
CY2019Q4 us-gaap Shares Outstanding
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62293508 shares
CY2020 us-gaap Stock Issued During Period Shares Share Based Compensation
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231784 shares
CY2020Q4 us-gaap Deferred Compensation Arrangement With Individual Shares Authorized For Issuance
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156859 shares
CY2020 us-gaap Treasury Stock Shares Acquired
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1728863 shares
CY2020Q4 us-gaap Shares Outstanding
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60639570 shares
CY2019Q1 us-gaap Treasury Stock Shares Retired
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1594288 shares
CY2020 us-gaap Cost Of Goods And Services Sold
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1247571000 USD
CY2019 us-gaap Cost Of Goods And Services Sold
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1314947000 USD
CY2018 us-gaap Cost Of Goods And Services Sold
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1334334000 USD
CY2020 us-gaap Other Cost Of Operating Revenue
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137028000 USD
CY2019 us-gaap Other Cost Of Operating Revenue
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117533000 USD
CY2018 us-gaap Other Cost Of Operating Revenue
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131744000 USD
CY2020 us-gaap Cost Depreciation Amortization And Depletion
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55935000 USD
CY2019 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
44866000 USD
CY2018 us-gaap Cost Depreciation Amortization And Depletion
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67346000 USD
CY2020 us-gaap Cost Of Revenue
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1384599000 USD
CY2019 us-gaap Cost Of Revenue
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1432480000 USD
CY2018 us-gaap Cost Of Revenue
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1466078000 USD
CY2020 us-gaap Labor And Related Expense
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378957000 USD
CY2019 us-gaap Labor And Related Expense
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436351000 USD
CY2018 us-gaap Labor And Related Expense
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451428000 USD
CY2020 us-gaap Salaries Wages And Officers Compensation
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278934000 USD
CY2019 us-gaap Salaries Wages And Officers Compensation
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306862000 USD
CY2018 us-gaap Salaries Wages And Officers Compensation
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296336000 USD
CY2020 us-gaap Severance Costs1
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5251000 USD
CY2019 us-gaap Severance Costs1
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12504000 USD
CY2018 us-gaap Severance Costs1
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6922000 USD
CY2020 crto Social Charges
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75552000 USD
CY2019 crto Social Charges
SocialCharges
76594000 USD
CY2018 crto Social Charges
SocialCharges
77284000 USD
CY2020 crto Other Social Expenses
OtherSocialExpenses
7091000 USD
CY2019 crto Other Social Expenses
OtherSocialExpenses
15513000 USD
CY2018 crto Other Social Expenses
OtherSocialExpenses
14375000 USD
CY2020 crto Sharebased Compensation Expense Employeeand Non Employee
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28771000 USD
CY2019 crto Sharebased Compensation Expense Employeeand Non Employee
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40999000 USD
CY2018 crto Sharebased Compensation Expense Employeeand Non Employee
SharebasedCompensationExpenseEmployeeandNonEmployee
66600000 USD
CY2020 crto Profit Sharing Expense
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269249000 USD

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