2021 Q1 Form 10-Q Financial Statement

#000156459021024095 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $234.5M $222.7M
YoY Change 5.3% 9.33%
Cost Of Revenue $141.3M $122.2M
YoY Change 15.63% 10.99%
Gross Profit $93.20M $100.5M
YoY Change -7.26% 7.37%
Gross Profit Margin 39.74% 45.13%
Selling, General & Admin $95.60M $74.20M
YoY Change 28.84% 12.08%
% of Gross Profit 102.58% 73.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.00M $11.80M
YoY Change 27.12% -18.06%
% of Gross Profit 16.09% 11.74%
Operating Expenses $95.60M $74.20M
YoY Change 28.84% 12.08%
Operating Profit -$2.400M $26.30M
YoY Change -109.13% -4.01%
Interest Expense $5.600M $6.900M
YoY Change -18.84% -22.47%
% of Operating Profit 26.24%
Other Income/Expense, Net -$4.600M -$2.600M
YoY Change 76.92% 62.5%
Pretax Income -$12.60M $16.80M
YoY Change -175.0% -0.59%
Income Tax $6.600M $8.200M
% Of Pretax Income 48.81%
Net Earnings -$19.20M $8.600M
YoY Change -323.26% -23.21%
Net Earnings / Revenue -8.19% 3.86%
Basic Earnings Per Share -$0.13 $0.06
Diluted Earnings Per Share -$0.13 $0.06
COMMON SHARES
Basic Shares Outstanding 148.7M 144.6M
Diluted Shares Outstanding 148.7M 151.2M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $339.6M $255.3M
YoY Change 33.02% 23.75%
Cash & Equivalents $339.6M $255.3M
Short-Term Investments
Other Short-Term Assets $4.373B $3.724B
YoY Change 17.44% -19.35%
Inventory
Prepaid Expenses
Receivables $119.7M $77.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.832B $4.057B
YoY Change 19.12% -17.05%
LONG-TERM ASSETS
Property, Plant & Equipment $177.6M $124.6M
YoY Change 42.54% 19.92%
Goodwill $2.312B $1.940B
YoY Change 19.18% -0.28%
Intangibles $311.2M $176.5M
YoY Change 76.32% -4.23%
Long-Term Investments
YoY Change
Other Assets $166.3M $138.2M
YoY Change 20.33% 43.96%
Total Long-Term Assets $2.967B $2.414B
YoY Change 22.91% 1.88%
TOTAL ASSETS
Total Short-Term Assets $4.832B $4.057B
Total Long-Term Assets $2.967B $2.414B
Total Assets $7.799B $6.470B
YoY Change 20.54% -10.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.50M $34.90M
YoY Change 21.78% 9.75%
Accrued Expenses $88.80M $76.10M
YoY Change 16.69% 11.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.200M $9.700M
YoY Change -15.46% 42.65%
Total Short-Term Liabilities $4.421B $3.753B
YoY Change 17.8% -19.88%
LONG-TERM LIABILITIES
Long-Term Debt $1.115B $665.0M
YoY Change 67.73% 0.44%
Other Long-Term Liabilities $103.6M $166.8M
YoY Change -37.89% 290.63%
Total Long-Term Liabilities $1.219B $831.8M
YoY Change 46.55% 18.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.421B $3.753B
Total Long-Term Liabilities $1.219B $831.8M
Total Liabilities $5.640B $4.585B
YoY Change 23.01% -17.73%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.159B $1.886B
YoY Change
Total Liabilities & Shareholders Equity $7.799B $6.470B
YoY Change 20.54% -10.87%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$19.20M $8.600M
YoY Change -323.26% -23.21%
Depreciation, Depletion And Amortization $15.00M $11.80M
YoY Change 27.12% -18.06%
Cash From Operating Activities -$4.500M $1.400M
YoY Change -421.43% -115.91%
INVESTING ACTIVITIES
Capital Expenditures -$15.30M -$15.60M
YoY Change -1.92% 12.23%
Acquisitions $338.3M
YoY Change
Other Investing Activities -$389.4M $24.90M
YoY Change -1663.86% -124.01%
Cash From Investing Activities -$404.7M $9.300M
YoY Change -4451.61% -107.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.300M $2.700M
YoY Change -51.85% 58.82%
Cash From Financing Activities 1.040B 489.5M
YoY Change 112.46% -74.7%
NET CHANGE
Cash From Operating Activities -4.500M 1.400M
Cash From Investing Activities -404.7M 9.300M
Cash From Financing Activities 1.040B 489.5M
Net Change In Cash 634.2M 485.7M
YoY Change 30.57% -73.2%
FREE CASH FLOW
Cash From Operating Activities -$4.500M $1.400M
Capital Expenditures -$15.30M -$15.60M
Free Cash Flow $10.80M $17.00M
YoY Change -36.47% 233.33%

Facts In Submission

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CY2021Q1 cday Available For Sale Securities Debt Maturities After Three Through Five Years Fair Value
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CY2021Q1 cday Available For Sale Securities Debt Maturities After Five Years Amortized Cost
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138000000.0
CY2021Q1 cday Available For Sale Securities Debt Maturities After Five Years Fair Value
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CY2021Q1 cday Invested Customer Funds Amortized Cost
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CY2019Q4 us-gaap Goodwill
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CY2020Q4 us-gaap Goodwill
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CY2021Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2021Q1 us-gaap Goodwill
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CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2021Q1 us-gaap Amortization Of Intangible Assets
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CY2020Q1 us-gaap Amortization Of Intangible Assets
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CY2021Q1 us-gaap Finance Lease Liability
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CY2020Q4 cday Debt Instrument Carrying Amount And Finance Lease Liability
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CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations
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CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2021Q1 cday Long Term Debt Maturities Repayments Of Principal After Year Four
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CY2021Q1 us-gaap Debt Instrument Carrying Amount
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CY2021Q1 us-gaap Debt Instrument Fair Value
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CY2020Q4 us-gaap Debt Instrument Fair Value
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CY2021Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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1500000
CY2021Q1 us-gaap Share Based Compensation
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22800000
CY2020Q1 us-gaap Share Based Compensation
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CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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5100000
CY2021Q1 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Current Income Tax Expense Benefit
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CY2021Q1 us-gaap Tax Adjustments Settlements And Unusual Provisions
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CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q1 us-gaap Contract With Customer Asset Net
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CY2020Q4 us-gaap Contract With Customer Asset Net
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55200000
CY2020Q4 us-gaap Contract With Customer Liability
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24400000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
25500000
CY2021Q1 cday Contract With Customer Liability New Billings
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100600000
CY2020Q1 cday Contract With Customer Liability New Billings
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85700000
CY2021Q1 cday Contract With Customer Liability Acquired Billings
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14300000
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
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CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
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CY2021Q1 cday Contract With Customer Liability Effect Of Exchange Rate
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200000
CY2020Q1 cday Contract With Customer Liability Effect Of Exchange Rate
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800000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
43700000
CY2020Q1 us-gaap Contract With Customer Liability
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26800000
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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914500000
CY2021Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P3Y
CY2021Q1 us-gaap Sublease Income
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CY2020Q1 us-gaap Sublease Income
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CY2021Q1 us-gaap Revenue Practical Expedient Remaining Performance Obligation Description
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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.
CY2021Q1 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
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CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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-3400000
CY2021Q1 us-gaap Other Tax Expense Benefit
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CY2021Q1 us-gaap Unrecognized Tax Benefits
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0
CY2020Q4 us-gaap Unrecognized Tax Benefits
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1800000
CY2021Q1 us-gaap Lease Cost
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CY2020Q1 us-gaap Lease Cost
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CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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300000
CY2021Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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-1800000
CY2021Q1 us-gaap Income Tax Examination Description
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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 2016.
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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CY2021Q1 us-gaap Finance Lease Right Of Use Asset
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CY2020Q4 us-gaap Finance Lease Right Of Use Asset
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CY2021Q1 cday Operating And Finance Lease Right Of Use Asset
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49700000
CY2020Q4 cday Operating And Finance Lease Right Of Use Asset
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43500000
CY2021Q1 us-gaap Finance Lease Liability Current
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CY2020Q4 us-gaap Finance Lease Liability Current
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400000
CY2021Q1 us-gaap Operating Lease Liability Current
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14900000
CY2020Q4 us-gaap Operating Lease Liability Current
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10500000
CY2021Q1 us-gaap Finance Lease Liability Noncurrent
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CY2020Q4 us-gaap Finance Lease Liability Noncurrent
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8400000
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
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40800000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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33600000
CY2021Q1 cday Operating And Finance Lease Liability Current And Noncurrent
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66000000.0
CY2020Q4 cday Operating And Finance Lease Liability Current And Noncurrent
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52900000
CY2021Q1 us-gaap Operating Lease Cost
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1200000
CY2020Q1 us-gaap Operating Lease Cost
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2300000
CY2021Q1 cday Depreciation Of Lease Assets
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300000
CY2020Q1 cday Depreciation Of Lease Assets
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200000
CY2021Q1 us-gaap Finance Lease Interest Expense
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100000
CY2020Q1 us-gaap Finance Lease Interest Expense
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100000
CY2021Q1 us-gaap Debt Instrument Convertible Number Of Equity Instruments
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4300000
CY2021Q1 us-gaap Net Income Loss
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CY2020Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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148716050
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q1 us-gaap Earnings Per Share Basic
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CY2020Q1 us-gaap Earnings Per Share Diluted
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0.06

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