2018 Form 8-K Financial Statement

#000095012319005629 Filed on May 21, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017
Revenue $740.7M $182.4M $676.2M
YoY Change 9.54% -3.59% 7.32%
Cost Of Revenue $425.8M $103.9M $406.7M
YoY Change 4.7% -9.57% 2.75%
Gross Profit $314.9M $78.50M $269.5M
YoY Change 16.85% 5.65% 18.72%
Gross Profit Margin 42.51% 43.04% 39.86%
Selling, General & Admin $258.8M $62.00M $214.1M
YoY Change 20.88% -5.34% -4.97%
% of Gross Profit 82.18% 78.98% 79.44%
Research & Development $29.60M $19.00M
YoY Change 55.79% 46.15%
% of Gross Profit 9.4% 7.05%
Depreciation & Amortization $38.10M $14.10M $35.30M
YoY Change 7.93% 1.44%
% of Gross Profit 12.1% 17.96% 13.1%
Operating Expenses $288.4M $62.40M $233.1M
YoY Change 23.72% -1.58% -2.18%
Operating Profit $56.10M $16.10M $55.40M
YoY Change 1.26% 47.71% 188.54%
Interest Expense $83.20M -$21.80M $87.10M
YoY Change -4.48% -0.46% -0.34%
% of Operating Profit 148.31% -135.4% 157.22%
Other Income/Expense, Net $200.0K -$8.800M
YoY Change -102.27% -44.65%
Pretax Income -$26.90M -$5.700M -$40.50M
YoY Change -33.58% -48.18% -51.84%
Income Tax $8.400M $6.000M -$48.50M
% Of Pretax Income
Net Earnings -$60.60M $41.20M $3.300M
YoY Change -1936.36% -274.58% -104.16%
Net Earnings / Revenue -8.18% 22.59% 0.49%
Basic Earnings Per Share -$0.60 -$0.26
Diluted Earnings Per Share -$0.60 $630.9K -$0.26
COMMON SHARES
Basic Shares Outstanding 114.0M 65.20M
Diluted Shares Outstanding 114.0M 65.20M

Balance Sheet

Concept 2018 2017 Q4 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $217.8M $99.60M
YoY Change 118.67% -24.2%
Cash & Equivalents $217.8M $94.20M $99.60M
Short-Term Investments
Other Short-Term Assets $2.652B $5.300M $4.143B
YoY Change -35.98% 10.91%
Inventory
Prepaid Expenses $36.40M
Receivables $63.90M $79.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.934B $4.466B $4.322B
YoY Change -32.12% 9.57%
LONG-TERM ASSETS
Property, Plant & Equipment $104.4M $102.0M $103.8M
YoY Change 0.58% 19.45%
Goodwill $1.961B
YoY Change 1.44%
Intangibles $206.5M
YoY Change
Long-Term Investments
YoY Change
Other Assets $94.40M $82.20M $4.000M
YoY Change 2260.0% 25.0%
Total Long-Term Assets $2.314B $2.352B $2.408B
YoY Change -3.9% 1.11%
TOTAL ASSETS
Total Short-Term Assets $2.934B $4.466B $4.322B
Total Long-Term Assets $2.314B $2.352B $2.408B
Total Assets $5.248B $6.818B $6.730B
YoY Change -22.02% 6.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.50M $44.40M $48.80M
YoY Change -14.96% 5.17%
Accrued Expenses $78.40M $101.4M
YoY Change -22.68% -18.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.800M $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $2.770B $4.286B $4.273B
YoY Change -35.18% 10.14%
LONG-TERM LIABILITIES
Long-Term Debt $663.5M $1.120B $1.120B
YoY Change -40.75% -1.75%
Other Long-Term Liabilities $199.2M $49.00M $208.6M
YoY Change -4.51% -30.77%
Total Long-Term Liabilities $862.7M $1.169B $1.328B
YoY Change -35.06% -7.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.770B $4.286B $4.273B
Total Long-Term Liabilities $862.7M $1.169B $1.328B
Total Liabilities $3.632B $5.607B $5.639B
YoY Change -35.58% 5.22%
SHAREHOLDERS EQUITY
Retained Earnings -$267.3M
YoY Change
Common Stock $700.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.616B $1.173B $1.091B
YoY Change
Total Liabilities & Shareholders Equity $5.248B $6.730B $6.730B
YoY Change -22.02% 6.38%

Cashflow Statement

Concept 2018 2017 Q4 2017
OPERATING ACTIVITIES
Net Income -$60.60M $41.20M $3.300M
YoY Change -1936.36% -274.58% -104.16%
Depreciation, Depletion And Amortization $38.10M $14.10M $35.30M
YoY Change 7.93% 1.44%
Cash From Operating Activities $9.500M $29.50M -$39.80M
YoY Change -123.87% -47.28%
INVESTING ACTIVITIES
Capital Expenditures -$40.20M -$18.50M -$50.60M
YoY Change -20.55% 52.41%
Acquisitions
YoY Change
Other Investing Activities -$10.90M -$636.3M -$356.8M
YoY Change -96.95% -144.81%
Cash From Investing Activities -$51.10M -$654.8M -$39.60M
YoY Change 29.04% -184.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $595.0M $78.40M
YoY Change 658.93% 4.53%
Debt Paid & Issued, Net $1.134B $25.90M
YoY Change 4278.38% 119.49%
Cash From Financing Activities -1.252B 634.9M 406.8M
YoY Change -407.67% -164.5%
NET CHANGE
Cash From Operating Activities 9.500M 29.50M -39.80M
Cash From Investing Activities -51.10M -654.8M -39.60M
Cash From Financing Activities -1.252B 634.9M 406.8M
Net Change In Cash -1.306B 9.600M 338.4M
YoY Change -485.93% -152.53%
FREE CASH FLOW
Cash From Operating Activities $9.500M $29.50M -$39.80M
Capital Expenditures -$40.20M -$18.50M -$50.60M
Free Cash Flow $49.70M $48.00M $10.80M
YoY Change 360.19% -125.53%

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1074500000
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3200000
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1800000
CY2017 cday Equity Financing Transaction Remaining Amount Transferred
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75200000
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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17200000
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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40600000
CY2017 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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-13700000
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-13800000
CY2018 us-gaap Stock Issued During Period Value New Issues
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595000000
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45000000
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-132300000
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1500000
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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-1200000
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0
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-7200000
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53200000
CY2016 us-gaap Asset Impairment Charges
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10400000
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3700000
CY2016 us-gaap Amortization Of Financing Costs And Discounts
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3500000
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3000000
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23200000
CY2016 us-gaap Environmental Remediation Expense
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5900000
CY2016 us-gaap Increase Decrease In Interest Payable Net
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-200000
CY2016 us-gaap Increase Decrease In Accrued Taxes Payable
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14700000
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12500000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-73200000
CY2017 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-10400000
CY2016 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-2300000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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-39800000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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-75500000
CY2017 us-gaap Payments To Acquire Marketable Securities
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598500000
CY2016 us-gaap Payments To Acquire Marketable Securities
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699700000
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47000000
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356100000
CY2016 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
400000
CY2016 cday Payments To Acquire Software And Technology
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25500000
CY2017 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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-500000
CY2016 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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101600000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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46600000
CY2017 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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-200000
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-655700000
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595000000
CY2017 us-gaap Proceeds From Issuance Of Common Stock
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78400000
CY2016 us-gaap Proceeds From Issuance Of Common Stock
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75000000
CY2018 us-gaap Proceeds From Stock Options Exercised
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45800000
CY2018 us-gaap Repayments Of Long Term Debt
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1134000000
CY2017 us-gaap Repayments Of Long Term Debt
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25900000
CY2016 us-gaap Repayments Of Long Term Debt
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11800000
CY2018 cday Payment Of Debt Refinancing Costs
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23300000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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406800000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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406800000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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-630700000
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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-12800000
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11000000
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15000000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1306000000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
338400000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-644200000
CY2018 cday Disposal Group Including Discontinued Operation Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Eliminated
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500000
CY2017 cday Disposal Group Including Discontinued Operation Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Eliminated
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5200000
CY2016 cday Disposal Group Including Discontinued Operation Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Eliminated
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37700000
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2411800000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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2068200000
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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2674700000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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1106300000
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217800000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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94200000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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120800000
CY2018Q4 cday Restricted Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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888500000
CY2017Q4 cday Restricted Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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2317600000
CY2016Q4 cday Restricted Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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1947400000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents Current Asset Statement Of Financial Position Extensible List
RestrictedCashAndCashEquivalentsCurrentAssetStatementOfFinancialPositionExtensibleList
us-gaap:FundsHeldForClients
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents Current Asset Statement Of Financial Position Extensible List
RestrictedCashAndCashEquivalentsCurrentAssetStatementOfFinancialPositionExtensibleList
us-gaap:FundsHeldForClients
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents Current Asset Statement Of Financial Position Extensible List
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us-gaap:FundsHeldForClients
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74500000
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89700000
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84900000
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21100000
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IncomeTaxesPaidNet
21300000
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IncomeTaxesPaidNet
14800000
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4400000
CY2017 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
1900000
CY2016 us-gaap Proceeds From Income Tax Refunds
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200000
CY2018 us-gaap Use Of Estimates
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<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.86%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our financial statements and our reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates that could significantly affect our results of operations or financial condition include the assignment of fair values to goodwill and other intangible assets and testing for impairment; the testing of impairment of long-lived assets; the determination of our liability for pensions and postretirement benefits; the determination of fair value of stock options granted; and the resolution of tax matters and legal contingencies. Further discussion on these estimates can be found in related disclosures elsewhere in our notes to the consolidated financial statements. </p>
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentrations </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.86%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cash deposits of client and corporate funds are maintained primarily in large credit-worthy financial institutions in the countries in which we operate. These deposits may exceed the amount of any deposit insurance that may be available through government agencies. All deliverable securities are held in custody with large credit-worthy financial institutions, which bear the risk of custodial loss. Non-deliverable securities, primarily money market securities, are held in custody by large, credit-worthy broker-dealers and financial institutions. </p>
CY2018Q2 us-gaap Common Stock Shares Issued
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631300000
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631300000
CY2018 cday Underwriting Discounts And Commissions
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29200000
CY2018 us-gaap Payments For Repurchase Of Initial Public Offering
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11800000
CY2018 cday Sponsor Management Fee
SponsorManagementFee
11300000
CY2018 cday Debt Instrument Refinancing Expenses
DebtInstrumentRefinancingExpenses
11400000
CY2018 cday Cash Transferred One
CashTransferredOne
68600000
CY2018Q4 us-gaap Common Stock Shares Issued
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12650000
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500000
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5200000
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37700000
CY2018Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.5
CY2018 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
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1300000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1300000
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ReservesForAccountsReceivableAndSalesReturns
3800000
CY2017Q4 cday Reserves For Accounts Receivable And Sales Returns
ReservesForAccountsReceivableAndSalesReturns
4700000
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
500000
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
600000
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DepreciationAmortizationAndAccretionNet
61900000
CY2017 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
56400000
CY2018 us-gaap Amortization Of Deferred Charges
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26200000
CY2017 us-gaap Amortization Of Deferred Charges
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21200000
CY2016 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
17500000
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
29600000
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19000000
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13000000
CY2018 us-gaap Advertising Expense
AdvertisingExpense
5800000
CY2017 us-gaap Advertising Expense
AdvertisingExpense
5600000
CY2016 us-gaap Advertising Expense
AdvertisingExpense
5900000
CY2018 us-gaap Defined Benefit Plan Narrative Description Of Basis Used To Determine Overall Expected Long Term Rate Of Return On Assets Assumption
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The long-term rate of return is estimated by considering historical returns and expected returns on current and projected asset allocations and is generally applied to a five-year average market value of assets.
CY2018Q4 us-gaap Available For Sale Securities
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1715000000
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1715000000
CY2017Q4 us-gaap Available For Sale Securities
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1782100000
CY2017Q4 us-gaap Assets Fair Value Disclosure
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1782100000
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67000000
CY2017 cday Investment Income From Invested Customer Trust Fund
InvestmentIncomeFromInvestedCustomerTrustFund
46500000
CY2016 cday Investment Income From Invested Customer Trust Fund
InvestmentIncomeFromInvestedCustomerTrustFund
39100000
CY2018Q4 cday Money Market Securities Investments Carried At Cost And Other Cash Equivalents Fair Value
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876900000
CY2018Q4 cday Invested Customer Trust Funds
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2591900000
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11600000
CY2018Q4 us-gaap Money Market Funds At Carrying Value
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876900000
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2608100000
CY2018Q4 cday Trust Receivables Amortized Cost
TrustReceivablesAmortizedCost
11600000
CY2018Q4 cday Funds Held For Clients Amortized Cost
FundsHeldForClientsAmortizedCost
2619700000
CY2018Q4 us-gaap Available For Sale Securities Amortized Cost
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1731200000
CY2018 us-gaap Available For Sale Securities Gross Unrealized Gains
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4300000
CY2018 us-gaap Available For Sale Securities Gross Unrealized Loss
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20500000
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2309300000
CY2017Q4 cday Invested Customer Trust Funds
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4091400000
CY2017Q4 cday Trust Receivables
TrustReceivables
8300000
CY2017Q4 us-gaap Money Market Funds At Carrying Value
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2309300000
CY2017Q4 cday Invested Customer Trust Funds Amortized Cost
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4097200000
CY2017Q4 cday Trust Receivables Amortized Cost
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8300000
CY2017Q4 cday Funds Held For Clients Amortized Cost
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CY2017Q4 us-gaap Available For Sale Securities Amortized Cost
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1787900000
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7500000
CY2017 us-gaap Available For Sale Securities Gross Unrealized Loss
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13300000
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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2400000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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293600000
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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18100000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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944300000
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
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20500000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
1237900000
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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1139400000
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599900000
CY2018Q4 cday Available For Sale Securities Debt Maturities After Three Through Five Years Amortized Cost
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651300000
CY2018Q4 cday Available For Sale Securities Debt Maturities After Five Years Amortized Cost
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217500000
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1139400000
CY2018Q4 cday Available For Sale Securities Debt Maturities After One Through Three Years Fair Value
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593800000
CY2018Q4 cday Available For Sale Securities Debt Maturities After Three Through Five Years Fair Value
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CY2018Q4 cday Available For Sale Securities Debt Maturities After Five Years Fair Value
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211800000
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62900000
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5500000
CY2018Q4 us-gaap Interest Receivable
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900000
CY2017Q4 us-gaap Interest Receivable
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1700000
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69000000
CY2017Q4 us-gaap Accounts Receivable Gross Current
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68300000
CY2018Q4 cday Reserve For Sales Adjustments
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3800000
CY2017Q4 cday Reserve For Sales Adjustments
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4700000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1300000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1300000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
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1800000
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1100000
CY2017Q4 us-gaap Other Receivables
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3700000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
700000
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1100000
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
700000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
700000
CY2016 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
400000
CY2018Q4 us-gaap Property Plant And Equipment Gross
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390500000
CY2017Q4 us-gaap Property Plant And Equipment Gross
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361500000
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286100000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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259500000
CY2018 us-gaap Depreciation
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38100000
CY2017 us-gaap Depreciation
Depreciation
35300000
CY2016 us-gaap Depreciation
Depreciation
34800000
CY2016Q4 us-gaap Goodwill
Goodwill
1933100000
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-27900000
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
33600000
CY2018Q4 cday Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount Net Of Tax
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmountNetOfTax
10600000
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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531100000
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343600000
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539800000
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333300000
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18500000
CY2017 us-gaap Amortization Of Intangible Assets
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18500000
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18400000
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15200000
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FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
200000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
200000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
200000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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100000
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678300000
CY2017Q4 us-gaap Long Term Debt
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1700000
CY2017Q4 us-gaap Debt Instrument Unamortized Discount
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900000
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6300000
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
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11600000
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0.0025
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3600000
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500000
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The 2018 Senior Secured Credit Facility documents contain a requirement that Ceridian maintain a ratio of adjusted first lien debt to Credit Facility EBITDA below specified levels on a quarterly basis; however, such requirement is applicable only if more than 35% of the 2018 Revolving Credit Facility is drawn. As of December 31, 2018, no portion of the 2018 Revolving Credit Facility was drawn.
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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6800000
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6800000
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6800000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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6800000
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15100000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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644300000
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649500000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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6800000
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280600000
CY2017Q4 us-gaap Debt Instrument Fair Value
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1154100000
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8400000
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24700000
CY2017 us-gaap Allocated Share Based Compensation Expense
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16100000
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7500000
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7000000
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0.99
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18500000
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0.25
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-100000
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212600000
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24500000
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12700000
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12500000
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0
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740700000
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676200000
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630100000
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40000000
CY2017Q4 us-gaap Contract With Customer Asset Net
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41100000
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16500000
CY2016Q4 us-gaap Contract With Customer Liability
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11800000
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259100000
CY2017 cday Contract With Customer Liability New Billings
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208800000
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252000000
CY2017 us-gaap Contract With Customer Liability Revenue Recognized
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204300000
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-400000
CY2017 cday Contract With Customer Liability Effect Of Exchange Rate
ContractWithCustomerLiabilityEffectOfExchangeRate
200000
CY2018Q4 us-gaap Contract With Customer Liability
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23200000
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P3Y
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
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793900000
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In accordance with the practical expedient provided in ASC Topic 606, performance obligations that are billed and recognized as they are delivered, primarily professional services contracts that are on a time and materials basis, are excluded from the transaction price for remaining performance obligations disclosed above
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2900000
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-7300000
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3400000
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2700000
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1500000
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3000000
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5900000
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-2900000
CY2017 cday Foreign Currency Translation Adjustment Expenses
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7300000
CY2016 cday Foreign Currency Translation Adjustment Expenses
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-3400000
CY2017 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
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26600000
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40300000
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-78500000
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44500000
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33400000
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14900000
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69000000
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-26900000
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-40500000
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200000
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20400000
CY2017 us-gaap Current Foreign Tax Expense Benefit
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12900000
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3800000
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300000
CY2017 us-gaap Current State And Local Tax Expense Benefit
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100000
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22200000
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800000
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200000
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8600000
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0.350
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-0.108
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1.546
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0.112
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0.312
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0.059
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0.010
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0.100
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-0.111
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-0.031
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-0.134
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0.096
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0.080
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0.201
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0.642
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0.012
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0.002
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0.020
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0.361
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0.017
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1.198
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51200000
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51000000
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300000
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200000
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78200000
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100300000
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129700000
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151500000
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83800000
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45900000
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69700000
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62100000
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65700000
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17200000
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19500000
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31000000
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200000
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100000
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100000
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With a few exceptions, we are no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2014.
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1500000
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35400000
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47200000
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300000
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300000
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100000
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200000
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200000
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298500000
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174600000
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123900000
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7700000
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7400000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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6200000
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9400000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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56100000
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13100000
CY2018Q4 cday Tax Receivable Agreement Undiscounted Liability
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5200000
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5400000
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500000000
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-34800000
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
9300000
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-91900000
CY2018 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7700000
CY2017 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
20500000
CY2016 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
14100000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-42500000
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-11200000
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-106000000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114049682
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65204960
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64988338
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114049682
CY2018 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.37
CY2017 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.17
CY2016 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.63
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.23
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.09
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65204960
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64988338
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.19

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