2021 Q4 Form 10-K Financial Statement

#000179920822000011 Filed on February 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $598.3M $541.9M $2.166B
YoY Change 24.67% 21.94% 24.55%
Cost Of Revenue $176.7M $159.4M $664.3M
YoY Change 24.88% 26.51% 21.76%
Gross Profit $421.6M $382.5M $1.501B
YoY Change 24.51% 21.01% 25.9%
Gross Profit Margin 70.47% 70.58% 69.32%
Selling, General & Admin $199.1M $171.5M $714.7M
YoY Change 27.14% 30.22% 27.67%
% of Gross Profit 47.22% 44.84% 47.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $157.2M $156.7M $615.9M
YoY Change 15.67% 16.85% 14.52%
% of Gross Profit 37.29% 40.97% 41.02%
Operating Expenses $356.3M $492.4M $714.7M
YoY Change 22.02% 23.44% -57.33%
Operating Profit $60.90M $49.50M $145.6M
YoY Change 210.71% 8.79% 161.87%
Interest Expense -$61.00M $48.30M $206.4M
YoY Change 23.98% -20.56% -23.87%
% of Operating Profit -100.16% 97.58% 141.76%
Other Income/Expense, Net -$17.60M -$34.80M -$190.8M
YoY Change -158.28% -49.93% -32.34%
Pretax Income -$17.70M $14.70M -$266.0M
YoY Change -1575.0% -161.25% -33.68%
Income Tax -$6.900M -$2.800M $23.40M
% Of Pretax Income -19.05%
Net Earnings -$10.00M $18.20M -$65.90M
YoY Change -422.58% -227.27% -40.95%
Net Earnings / Revenue -1.67% 3.36% -3.04%
Basic Earnings Per Share $0.04 -$0.17
Diluted Earnings Per Share -$27.06K $0.04 -$0.17
COMMON SHARES
Basic Shares Outstanding 431.2M shares 428.6M shares 428.7M shares
Diluted Shares Outstanding 428.7M shares 428.7M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.1M $234.4M $177.1M
YoY Change -50.04% -24.7% -50.04%
Cash & Equivalents $177.1M $234.4M $177.1M
Short-Term Investments
Other Short-Term Assets $13.00M $3.800M $139.2M
YoY Change -62.32% -22.45% -29.77%
Inventory
Prepaid Expenses
Receivables $401.7M $285.2M $401.7M
Other Receivables $0.00 $9.700M $0.00
Total Short-Term Assets $718.0M $649.0M $718.0M
YoY Change -17.89% -10.28% -17.85%
LONG-TERM ASSETS
Property, Plant & Equipment $96.80M $97.90M $168.7M
YoY Change 276.65% 219.93% 69.89%
Goodwill $3.493B $3.319B
YoY Change 22.23% 16.32%
Intangibles $4.825B $4.910B
YoY Change 0.2% -0.14%
Long-Term Investments $27.20M $27.70M $27.20M
YoY Change 0.74% -1.07% 0.74%
Other Assets $172.6M $132.1M $171.1M
YoY Change 53.29% -10.38% 67.91%
Total Long-Term Assets $9.279B $9.098B $9.279B
YoY Change 11.18% 7.52% 11.19%
TOTAL ASSETS
Total Short-Term Assets $718.0M $649.0M $718.0M
Total Long-Term Assets $9.279B $9.098B $9.279B
Total Assets $9.997B $9.747B $9.997B
YoY Change 8.43% 6.12% 8.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.50M $65.10M $83.50M
YoY Change 38.94% 7.78% 36.44%
Accrued Expenses $307.5M $252.2M $307.5M
YoY Change 20.68% 25.41% 20.68%
Deferred Revenue $569.4M $555.6M
YoY Change 19.32% 15.37%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $28.10M $28.10M $28.10M
YoY Change 11.07% 11.07% 11.07%
Total Short-Term Liabilities $1.005B $919.6M $1.005B
YoY Change 21.35% 17.04% 21.76%
LONG-TERM LIABILITIES
Long-Term Debt $3.717B $3.544B $3.717B
YoY Change 14.16% 8.78% 14.16%
Other Long-Term Liabilities $144.7M $129.1M $303.9M
YoY Change -6.28% -12.59% -30.41%
Total Long-Term Liabilities $3.861B $3.673B $4.021B
YoY Change 13.23% 7.85% 8.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.005B $919.6M $1.005B
Total Long-Term Liabilities $3.861B $3.673B $4.021B
Total Liabilities $6.252B $6.102B $6.316B
YoY Change 10.92% 10.51% 10.8%
SHAREHOLDERS EQUITY
Retained Earnings -$761.8M -$754.0M
YoY Change 10.39% 8.96%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $300.0K $300.0K
YoY Change
Treasury Stock Shares 873.2K shares 873.2K shares
Shareholders Equity $3.681B $3.583B $3.681B
YoY Change
Total Liabilities & Shareholders Equity $9.997B $9.747B $9.997B
YoY Change 8.43% 6.12% 8.44%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income -$10.00M $18.20M -$65.90M
YoY Change -422.58% -227.27% -40.95%
Depreciation, Depletion And Amortization $157.2M $156.7M $615.9M
YoY Change 15.67% 16.85% 14.52%
Cash From Operating Activities $102.5M $108.7M $503.7M
YoY Change 32.77% 2617.5% 145.11%
INVESTING ACTIVITIES
Capital Expenditures -$50.20M $4.200M $86.30M
YoY Change 56.87% 0.0% 1006.41%
Acquisitions $844.8M
YoY Change 4000.97%
Other Investing Activities -$237.8M -$1.800M -$800.0K
YoY Change -3703.03% -52.63% -61.9%
Cash From Investing Activities -$288.0M -$41.70M -$1.079B
YoY Change 1033.86% -5.01% 706.2%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $450.0M
YoY Change -22.41%
Cash From Financing Activities 126.0M -7.300M $400.1M
YoY Change 67.33% -102.99% 112.14%
NET CHANGE
Cash From Operating Activities 102.5M 108.7M $503.7M
Cash From Investing Activities -288.0M -41.70M -$1.079B
Cash From Financing Activities 126.0M -7.300M $400.1M
Net Change In Cash -59.50M 59.70M -$175.2M
YoY Change -146.81% -70.75% -165.4%
FREE CASH FLOW
Cash From Operating Activities $102.5M $108.7M $503.7M
Capital Expenditures -$50.20M $4.200M $86.30M
Free Cash Flow $152.7M $104.5M $417.4M
YoY Change 39.84% -52350.0% 111.13%

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32100000 USD
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CY2019Q2 us-gaap Dividends Preferred Stock Cash
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21300000 USD
CY2021 us-gaap Number Of Reportable Segments
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CY2021 us-gaap Prior Period Reclassification Adjustment Description
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Elimination of International Lag ReportingHistorically our consolidated financial statements which have a year-end of December 31, reflected results of subsidiaries outside of North America on a one-month lag with a year-end of November 30. Effective January 1, 2021, we eliminated the one-month reporting lag for our subsidiaries outside of North America and aligned the year-end for all subsidiaries to December 31. The elimination of this reporting lag represented a change in accounting principle, which the Company believes to be preferable as it provides investors with the most current information. This change in accounting policy was applied retrospectively to all periods since February 8, 2019 ("Successor periods") after the Take-Private Transaction. The Consolidated Balance Sheet as of December 31, 2020, the Consolidated Statement of Operations and Comprehensive Income (Loss), the Consolidated Statements of Cash Flows and the Consolidated Statements of Stockholder Equity (Deficit) for the year ended December 31, 2020 and the period from January 1, 2019 to December 31, 2019 (Successor) have been recast to reflect this change in accounting policy.Where appropriate, we have reclassified certain prior year amounts to conform to the current year presentation
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1738700000 USD
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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188600000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Foreign Currency Transaction Loss Before Tax
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16100000 USD
CY2019Q1 us-gaap Foreign Currency Transaction Loss Before Tax
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0.94
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592300000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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326100000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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159700000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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116900000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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299400000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q4 us-gaap Contract With Customer Asset Net Current
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3400000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
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700000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
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CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
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3800000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Noncurrent
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2500000 USD
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CY2019Q4 us-gaap Contract With Customer Liability Current
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13700000 USD
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14600000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
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5800000 USD
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477100000 USD
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CY2020Q4 us-gaap Capitalized Contract Cost Net
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27100000 USD
CY2020 us-gaap Capitalized Contract Cost Amortization
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4700000 USD
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CY2019Q1 us-gaap Severance Costs1
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99900000 USD
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CY2021Q4 us-gaap Long Term Debt
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CY2021Q4 dnb Long Term Debt Maturity And Future Interest Payments Due After Year Five
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CY2021Q4 us-gaap Operating Lease Liability
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CY2021 us-gaap Operating Lease Cost
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CY2020 us-gaap Operating Lease Cost
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CY2019 us-gaap Operating Lease Cost
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CY2019Q1 us-gaap Operating Lease Cost
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CY2021 us-gaap Variable Lease Cost
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CY2020 us-gaap Variable Lease Cost
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CY2019 us-gaap Variable Lease Cost
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CY2019Q1 us-gaap Variable Lease Cost
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CY2021 us-gaap Short Term Lease Cost
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CY2020 us-gaap Short Term Lease Cost
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CY2019 us-gaap Short Term Lease Cost
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CY2019Q1 us-gaap Short Term Lease Cost
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CY2020 us-gaap Sublease Income
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CY2019 us-gaap Sublease Income
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CY2019Q1 us-gaap Sublease Income
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CY2021 us-gaap Operating Lease Payments
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CY2019Q1 us-gaap Operating Lease Payments
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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P4Y3M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y8M12D
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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220800000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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174700000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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28900000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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40100000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Current Income Tax Expense Benefit
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5300000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
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17000000.0 USD
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019Q1 us-gaap Deferred Federal Income Tax Expense Benefit
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15100000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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23400000 USD
CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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CY2019Q1 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.070
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.053
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0
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0
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500000 USD
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3600000 USD
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5300000 USD
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15700000 USD
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70800000 USD
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6300000 USD
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5300000 USD
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100000 USD
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800000 USD
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800000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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18600000 USD
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300000 USD
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100000 USD
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6000000 USD
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5000000 USD
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12000000 USD
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11000000 USD
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1864200000 USD
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1328100000 USD
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1588400000 USD
CY2021Q4 dnb Defined Benefit Plan Plan With Accumulated Benefit Obligation In Excess Of Plan Assets Unfunded Accumulated Benefit Obligation
DefinedBenefitPlanPlanWithAccumulatedBenefitObligationInExcessOfPlanAssetsUnfundedAccumulatedBenefitObligation
166600000 USD
CY2020Q4 dnb Defined Benefit Plan Plan With Accumulated Benefit Obligation In Excess Of Plan Assets Unfunded Accumulated Benefit Obligation
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275800000 USD
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1500800000 USD
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1872500000 USD
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38300000 USD
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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100000 USD
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600000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2021 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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-100000 USD
CY2020 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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P5Y
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1696400000 USD
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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1620400000 USD
CY2021Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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1
CY2020Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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1
CY2021Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
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1
CY2020Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
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1
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0.50
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0.50
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0.07
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11100000 USD
CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
10600000 USD
CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
9400000 USD
CY2019Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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1200000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33300000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
45100000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11700000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11700000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3600000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6400000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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0 USD
CY2019Q1 dnb Stock Repurchased And Retired During Period Cash Value Per Share
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145
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
10400000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
56300000 USD
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
40000000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
30645817 shares
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