2023 Q2 Form 10-K Financial Statement

#000095017023016294 Filed on May 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2023
Revenue $160.1M $166.3M $652.2M
YoY Change -0.16% 15.34% 53.26%
Cost Of Revenue $80.70M $79.25M $321.9M
YoY Change 2.57% 9.34% 44.38%
Gross Profit $79.42M $87.02M $330.3M
YoY Change -2.79% 21.41% 63.03%
Gross Profit Margin 49.6% 52.34% 50.64%
Selling, General & Admin $45.68M $41.91M $176.0M
YoY Change 2.66% 9.11% 35.21%
% of Gross Profit 57.52% 48.16% 53.3%
Research & Development $25.87M $24.89M $97.98M
YoY Change 14.64% 9.23% 22.94%
% of Gross Profit 32.57% 28.61% 29.67%
Depreciation & Amortization $53.32M $53.43M $31.90M
YoY Change 672.74% 4.53% 42.41%
% of Gross Profit 67.14% 61.4% 9.66%
Operating Expenses $91.68M $87.09M $1.275B
YoY Change -3.86% 7.9% 297.59%
Operating Profit -$12.26M -$76.00K -$944.4M
YoY Change -10.27% -99.16% 700.21%
Interest Expense -$25.73M -$22.10M $76.83M
YoY Change -266.91% 89.54% 128.24%
% of Operating Profit
Other Income/Expense, Net $21.22M -$12.96M -$26.17M
YoY Change -385.68% -117.06% -74.33%
Pretax Income -$427.2M -$423.9M -$970.6M
YoY Change 1924.62% -1132.31% 341.24%
Income Tax -$66.31M -$120.4M -$250.4M
% Of Pretax Income
Net Earnings -$325.4M -$273.5M -$648.7M
YoY Change 2765.4% -586.45% 291.31%
Net Earnings / Revenue -203.22% -164.47% -99.46%
Basic Earnings Per Share -$1.08 -$2.15
Diluted Earnings Per Share -$1.08 -$0.90 -$2.15
COMMON SHARES
Basic Shares Outstanding 302.4M 302.3M 301.9M
Diluted Shares Outstanding 302.5M 301.9M

Balance Sheet

Concept 2023 Q2 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.5M $93.03M $93.03M
YoY Change -7.47% -40.17% -40.17%
Cash & Equivalents $119.5M $93.00M $93.03M
Short-Term Investments
Other Short-Term Assets $36.07M $31.89M $31.89M
YoY Change -29.52% -29.62% -21.78%
Inventory
Prepaid Expenses
Receivables $126.6M $174.8M $174.8M
Other Receivables $5.513M $4.618M $4.618M
Total Short-Term Assets $287.7M $304.4M $304.4M
YoY Change -5.25% -14.54% -14.54%
LONG-TERM ASSETS
Property, Plant & Equipment $91.76M $72.48M $91.23M
YoY Change 25.89% 9.92% -2.98%
Goodwill $2.522B $2.928B
YoY Change -34.44% -22.07%
Intangibles $1.003B $1.051B
YoY Change -15.91% -11.03%
Long-Term Investments
YoY Change
Other Assets $26.07M $25.66M $25.66M
YoY Change 30.29% 52.65% 52.65%
Total Long-Term Assets $3.643B $4.096B $4.096B
YoY Change -29.42% -18.88% -18.88%
TOTAL ASSETS
Total Short-Term Assets $287.7M $304.4M $304.4M
Total Long-Term Assets $3.643B $4.096B $4.096B
Total Assets $3.931B $4.400B $4.400B
YoY Change -28.08% -18.6% -18.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.98M $35.43M $35.43M
YoY Change -12.89% 6.86% 6.86%
Accrued Expenses $65.78M $57.59M $57.59M
YoY Change -14.43% 97.76% -42.16%
Deferred Revenue $180.2M $203.8M
YoY Change 1.19% 6.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.58M $11.14M $13.73M
YoY Change 23.5% -87.49% -84.98%
Total Short-Term Liabilities $305.8M $336.2M $336.2M
YoY Change -24.79% -23.66% -23.66%
LONG-TERM LIABILITIES
Long-Term Debt $1.043B $1.044B $1.045B
YoY Change -0.49% 20.85% 20.7%
Other Long-Term Liabilities $128.6M $1.083M $147.9M
YoY Change 18084.3% 52.11% -26.92%
Total Long-Term Liabilities $1.172B $1.045B $1.193B
YoY Change 11.7% 20.88% 11.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $305.8M $336.2M $336.2M
Total Long-Term Liabilities $1.172B $1.045B $1.193B
Total Liabilities $1.742B $1.673B $1.896B
YoY Change -13.91% -12.91% -14.57%
SHAREHOLDERS EQUITY
Retained Earnings -$1.129B -$803.7M
YoY Change 578.81% 418.58%
Common Stock $3.381B $3.379B
YoY Change 0.5% 0.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.473M $2.473M
YoY Change 0.0% 0.0%
Treasury Stock Shares $176.7K $176.7K
Shareholders Equity $2.189B $2.504B $2.504B
YoY Change
Total Liabilities & Shareholders Equity $3.931B $4.400B $4.400B
YoY Change -28.08% -18.6% -18.6%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2023
OPERATING ACTIVITIES
Net Income -$325.4M -$273.5M -$648.7M
YoY Change 2765.4% -586.45% 291.31%
Depreciation, Depletion And Amortization $53.32M $53.43M $31.90M
YoY Change 672.74% 4.53% 42.41%
Cash From Operating Activities $36.46M $24.95M $68.10M
YoY Change 46.54% 8.6% 33.12%
INVESTING ACTIVITIES
Capital Expenditures $6.552M $7.587M $48.06M
YoY Change -66.01% -206.13% 51.25%
Acquisitions $179.2M
YoY Change -76.85%
Other Investing Activities $0.00 $1.574M -$180.7M
YoY Change -100.0% -162.96% -76.74%
Cash From Investing Activities -$6.552M -$6.013M -$228.7M
YoY Change -95.53% -37.68% -71.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.964M -12.92M 90.44M
YoY Change -102.9% -116.62% -87.28%
NET CHANGE
Cash From Operating Activities 36.46M 24.95M 68.10M
Cash From Investing Activities -6.552M -6.013M -228.7M
Cash From Financing Activities -2.964M -12.92M 90.44M
Net Change In Cash 26.94M 6.018M -70.21M
YoY Change -246.28% -93.39% 112.84%
FREE CASH FLOW
Cash From Operating Activities $36.46M $24.95M $68.10M
Capital Expenditures $6.552M $7.587M $48.06M
Free Cash Flow $29.91M $17.36M $20.04M
YoY Change 433.96% -42.37% 3.41%

Facts In Submission

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RestrictedCashAndCashEquivalentsAtCarryingValue
12825000
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
11497000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
104342000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
174554000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
207542000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
669443000
CY2023 us-gaap Fiscal Period
FiscalPeriod
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Fiscal Year</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company’s fiscal year ends on the last day of February each year.</span></p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported results of operations during the reporting period. Such management estimates include reserves for bad debt, tax receivable agreement liability, goodwill and other long‑lived assets, estimates of standalone selling price of performance obligations for revenue contracts with multiple performance obligations, share‑based compensation, valuation allowances for deferred tax assets and uncertain tax positions, warrants, contingent consideration, contingencies and the accounting for business combinations. These estimates are based on information available as of the date of the consolidated financial statements; therefore, actual results could differ from management’s estimates.</span></p>
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Reclassifications</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">During the fiscal year 2023, the Company began reporting deferred income taxes as a separate line as part of operating activities in the Consolidated Statements of Cash Flows. As a result, the Company reclassed a use of cash </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">of $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">35.7</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million, $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">1.6</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> a</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">nd $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">8.3</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> milli</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">on from the change in other liabilities to deferred income taxes for the fiscal year ended February 28, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> and the periods from February 4, 2021 through February 28, 2021 and March 1 2020 through February 3, 2021, respectively. The Company also began reporting current income taxes payable as a separate line on the Condensed Consolidated Balance Sheets. As a result, the Company reclassed $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">2.7</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million from accounts payable and accrued liabilities to current income taxes payable in the February 28, 2022 balance sheet.</span></p>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Concentration of Credit Risk</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents, restricted cash and accounts receivable. The Company deposits cash and cash equivalents with high-quality financial institutions. Accounts receivable are typically unsecured and derived from sales of subscriptions and support, as well as professional services, principally to large creditworthy clients across a wide range of end markets, including consumer goods, food and beverage, manufacturing, retail, technology and transportation, among others. Credit risk is concentrated primarily in North America, Europe, and parts of Asia. The Company has historically experienced insignificant credit losses. The Company maintains allowances for estimated credit losses based on management’s assessment of the likelihood of collection.</span></p>
CY2023Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
74700
CY2022Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
172800
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0
CY2021Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
386800000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
901600000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2021Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2023 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2023 etwo Business Combination Tax Receivable Agreement Expected Future Payments Tax Savings Rate
BusinessCombinationTaxReceivableAgreementExpectedFuturePaymentsTaxSavingsRate
0.85
CY2023Q1 etwo Business Combination Tax Receivable Agreement Retain Benefit Remaining Of Cash Saving
BusinessCombinationTaxReceivableAgreementRetainBenefitRemainingOfCashSaving
0.15
CY2023 etwo Business Combination Contingent Consideration Liability Number Of Tranche
BusinessCombinationContingentConsiderationLiabilityNumberOfTranche
2
CY2023Q1 etwo Health Care Organization Individual Stop Loss Threshold
HealthCareOrganizationIndividualStopLossThreshold
175000
CY2023 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Indemnification</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company includes service-level commitments to its clients guaranteeing certain levels of uptime reliability and performance and permitting those clients to receive credits in the event that the Company fails to meet those levels. To date, the Company has not incurred any material costs as a result of such commitments and has not accrued any liabilities related to such obligations in the accompanying consolidated financial statements. The Company has also agreed to indemnify its directors and executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred in any action or proceeding to which any of those persons is, or is threatened to be, made a party by reason of service as a director or officer. The Company maintains director and officer insurance coverage that may enable the Company to recover a portion of any future amounts paid. The Company’s arrangements include provisions indemnifying clients against liabilities if the Company’s products infringe a third-party’s intellectual property rights. The Company has not incurred any costs as a result of such indemnifications and has not accrued any liabilities related to such obligations in the accompanying consolidated financial statements.</span></p>
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
180115000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
124168000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
23623000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
37924000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
830000000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
16200000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
6100000
CY2021Q1 us-gaap Advertising Expense
AdvertisingExpense
400000
us-gaap Advertising Expense
AdvertisingExpense
3800000
CY2021Q1 us-gaap Goodwill
Goodwill
2628964000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentAssets
4930000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
159463000
CY2021Q1 etwo Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Notes Payable And Capital Lease Obligations
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNotesPayableAndCapitalLeaseObligations
511762000
CY2023 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
1900000
CY2022 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
1300000
CY2021Q1 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
200000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
200000
CY2023 etwo Sales Commissions Amortization Period
SalesCommissionsAmortizationPeriod
P4Y
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
525000000.0
CY2021Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
200000000.0
CY2021Q1 us-gaap Equity Issued In Business Combination Fair Value Disclosure
EquityIssuedInBusinessCombinationFairValueDisclosure
461549000
CY2021Q1 etwo Business Combination Post Combination Expenses
BusinessCombinationPostCombinationExpenses
15100000
CY2021Q1 etwo Business Combination Cash Consideration
BusinessCombinationCashConsideration
585971000
CY2021Q1 etwo Business Combination Cash Repayment Of Debt
BusinessCombinationCashRepaymentOfDebt
978521000
CY2021Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
158598000
CY2021Q1 etwo Business Combination Tax Receivable Agreement Payable
BusinessCombinationTaxReceivableAgreementPayable
49892000
CY2021Q1 etwo Business Combination Cash Paid For Seller Transaction Costs
BusinessCombinationCashPaidForSellerTransactionCosts
38135000
CY2021Q1 etwo Business Combination Estimated Fair Value Of Business Combination
BusinessCombinationEstimatedFairValueOfBusinessCombination
2272666000
CY2021Q1 etwo Common Shares Subject To Sales Restriction
CommonSharesSubjectToSalesRestriction
43300
CY2021Q1 etwo Business Combination Fair Value Per Share
BusinessCombinationFairValuePerShare
10.98
CY2021Q1 etwo Business Combination Equity Consideration Paid To Ownership
BusinessCombinationEquityConsiderationPaidToOwnership
475434000
CY2021Q1 etwo Acceleration Of Class A And Class B Units Post Business Combination Expense
AccelerationOfClassAAndClassBUnitsPostBusinessCombinationExpense
13885000
CY2021Q1 us-gaap Equity Issued In Business Combination Fair Value Disclosure
EquityIssuedInBusinessCombinationFairValueDisclosure
461549000
CY2021Q1 etwo Percentage Of Tax Savings Payment
PercentageOfTaxSavingsPayment
0.85
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
800000
CY2021Q1 etwo Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Warrant Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesWarrantLiability
91959000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
402986000
CY2021Q1 etwo Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncontrolling Interest
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncontrollingInterest
390888000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
2272666000
CY2021Q1 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
60700000
CY2021Q1 etwo Noncontrolling Interest Common Shares Subject To Sales Restriction
NoncontrollingInterestCommonSharesSubjectToSalesRestriction
35600
CY2021Q1 etwo Noncontrolling Interest Fair Value Per Share
NoncontrollingInterestFairValuePerShare
10.98
CY2021Q1 etwo Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncontrolling Interest
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncontrollingInterest
390888000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
720000000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
830000000
CY2021Q1 etwo Business Combination Debt Issuance Cost
BusinessCombinationDebtIssuanceCost
20200000
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2700000
CY2022Q1 us-gaap Goodwill
Goodwill
125896000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
93000000.0
CY2023Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
155000000.0
CY2023 etwo Investor Rights Agreement Termination Description
InvestorRightsAgreementTerminationDescription
The director appointment rights under the Investor Rights Agreement will terminate as to a party when such party, together with its permitted transferees, has less than certain ownership thresholds (with respect to the affiliates of Insight Partners, the greater of 33% of the economic interests in the Company that such affiliates of Insight Partners owned immediately after the Closing Date and 2% of the Company’s voting securities, and with respect to CC Capital (on behalf of the Sponsor), less than 17% of the economic interests in the Company that it owned immediately after the Closing Date). The registration rights in the Investor Rights Agreement will terminate as to each holder of the Company’s shares of common stock when such holder ceases to hold any of the Company’s common stock or securities exercisable or exchangeable for the Company’s common stock.
CY2023 etwo Investor Rights Agreement Amendment Description
InvestorRightsAgreementAmendmentDescription
The Investor Rights Agreement was amended and restated to add certain of BluJay's existing stockholders as parties, including certain affiliates of Francisco Partners and Temasek Holdings (Private) Limited (Temasek).
CY2023 etwo Purchase Agreement Description
PurchaseAgreementDescription
The Investor Rights Agreement provides Francisco Partners and Temasek the right to nominate one member each to the Company's board of directors. Mr. Deep Shah, nominated by Francisco Partners, and Mr. Martin Fichtner, nominated by Temasek, became directors on September 1, 2021.
CY2023Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
153618000
CY2022Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
143799000
CY2023Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
25481000
CY2022Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
14597000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4290000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3055000
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
174809000
CY2022Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
155341000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
908000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1917000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1549000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3055000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2185000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1217000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4290000
CY2023Q1 etwo Prepaid Software And Hardware License And Maintenance Fees
PrepaidSoftwareAndHardwareLicenseAndMaintenanceFees
9103000
CY2022Q1 etwo Prepaid Software And Hardware License And Maintenance Fees
PrepaidSoftwareAndHardwareLicenseAndMaintenanceFees
6022000
CY2023Q1 etwo Prepaid Income And Other Taxes Receivable
PrepaidIncomeAndOtherTaxesReceivable
4618000
CY2022Q1 etwo Prepaid Income And Other Taxes Receivable
PrepaidIncomeAndOtherTaxesReceivable
4544000
CY2023Q1 us-gaap Prepaid Insurance
PrepaidInsurance
1337000
CY2022Q1 us-gaap Prepaid Insurance
PrepaidInsurance
3401000
CY2023Q1 etwo Prepaid Deferred Commissions
PrepaidDeferredCommissions
4771000
CY2022Q1 etwo Prepaid Deferred Commissions
PrepaidDeferredCommissions
2867000
CY2023Q1 etwo Prepaid Marketing
PrepaidMarketing
1037000
CY2022Q1 etwo Prepaid Marketing
PrepaidMarketing
1124000
CY2023Q1 us-gaap Security Deposit
SecurityDeposit
2377000
CY2022Q1 us-gaap Security Deposit
SecurityDeposit
1044000
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1957000
CY2022Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
7241000
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
25200000
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2023Q1 etwo Business Combination Contingent Consideration Liability Fair Value Disclosure
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