2014 Q3 Form 10-Q Financial Statement

#000149028114000064 Filed on October 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $714.3M $595.1M
YoY Change 20.03% 4.66%
Cost Of Revenue $359.0M $235.4M
YoY Change 52.48% 29.51%
Gross Profit $355.3M $359.6M
YoY Change -1.21% -7.02%
Gross Profit Margin 49.74% 60.43%
Selling, General & Admin $299.3M $294.1M
YoY Change 1.77% 2.12%
% of Gross Profit 84.24% 81.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.50M $23.10M
YoY Change -32.9% 50.98%
% of Gross Profit 4.36% 6.42%
Operating Expenses $354.2M $345.8M
YoY Change 2.43% -4.29%
Operating Profit $1.049M $13.81M
YoY Change -92.41% -45.7%
Interest Expense $207.0K $39.00K
YoY Change 430.77%
% of Operating Profit 19.73% 0.28%
Other Income/Expense, Net -$20.06M $832.0K
YoY Change -2510.58% 34.85%
Pretax Income -$19.01M $14.64M
YoY Change -229.79% -43.5%
Income Tax -$6.434M $15.94M
% Of Pretax Income 108.82%
Net Earnings -$21.21M -$2.580M
YoY Change 722.02% 56.74%
Net Earnings / Revenue -2.97% -0.43%
Basic Earnings Per Share -$0.03 $0.00
Diluted Earnings Per Share -$0.03 $0.00
COMMON SHARES
Basic Shares Outstanding 669.5M shares 666.4M shares
Diluted Shares Outstanding 669.5M shares 666.4M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $855.2M $1.140B
YoY Change -24.98% -5.09%
Cash & Equivalents $811.8M $1.140B
Short-Term Investments
Other Short-Term Assets $16.78M $127.9M
YoY Change -86.88% 5.44%
Inventory $57.30M $18.90M
Prepaid Expenses $42.60M $26.63M
Receivables $124.6M $86.23M
Other Receivables $82.80M $20.40M
Total Short-Term Assets $1.250B $1.393B
YoY Change -10.28% -2.73%
LONG-TERM ASSETS
Property, Plant & Equipment $170.5M $126.9M
YoY Change 34.4% 22.15%
Goodwill $441.3M $218.2M
YoY Change 102.22% 10.79%
Intangibles $119.8M $33.18M
YoY Change 261.07% -35.5%
Long-Term Investments $1.231M $104.1M
YoY Change -98.82% -20.53%
Other Assets $22.10M $45.32M
YoY Change -51.23% -33.66%
Total Long-Term Assets $822.1M $557.2M
YoY Change 47.53% -7.19%
TOTAL ASSETS
Total Short-Term Assets $1.250B $1.393B
Total Long-Term Assets $822.1M $557.2M
Total Assets $2.072B $1.951B
YoY Change 6.24% -4.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.85M $33.68M
YoY Change -23.26% -43.87%
Accrued Expenses $223.7M $211.7M
YoY Change 5.65% -13.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.183B $1.016B
YoY Change 16.46% -9.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $30.04M $105.5M
YoY Change -71.54% 41.38%
Total Long-Term Liabilities $151.5M $12.21M
YoY Change 1141.18% -33.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.183B $1.016B
Total Long-Term Liabilities $151.5M $12.21M
Total Liabilities $1.344B $1.142B
YoY Change 17.73% -7.06%
SHAREHOLDERS EQUITY
Retained Earnings -$930.7M -$767.6M
YoY Change 21.25% 14.15%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $190.4M -$9.014M
YoY Change -2211.77%
Treasury Stock Shares
Shareholders Equity $728.0M $810.8M
YoY Change
Total Liabilities & Shareholders Equity $2.072B $1.951B
YoY Change 6.24% -4.05%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$21.21M -$2.580M
YoY Change 722.02% 56.74%
Depreciation, Depletion And Amortization $15.50M $23.10M
YoY Change -32.9% 50.98%
Cash From Operating Activities $2.200M -$11.90M
YoY Change -118.49% -128.27%
INVESTING ACTIVITIES
Capital Expenditures -$16.10M -$15.10M
YoY Change 6.62% -5.63%
Acquisitions
YoY Change
Other Investing Activities -$4.300M -$11.40M
YoY Change -62.28% -41.84%
Cash From Investing Activities -$20.50M -$26.50M
YoY Change -22.64% -25.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.90M -9.000M
YoY Change 87.78% -433.33%
NET CHANGE
Cash From Operating Activities 2.200M -11.90M
Cash From Investing Activities -20.50M -26.50M
Cash From Financing Activities -16.90M -9.000M
Net Change In Cash -35.20M -47.40M
YoY Change -25.74% -615.22%
FREE CASH FLOW
Cash From Operating Activities $2.200M -$11.90M
Capital Expenditures -$16.10M -$15.10M
Free Cash Flow $18.30M $3.200M
YoY Change 471.87% -94.49%

Facts In Submission

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424000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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780000 USD
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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39055000 USD
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CY2014Q3 us-gaap Finite Lived Intangible Assets Gross
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224019000 USD
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28443000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Net
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119810000 USD
CY2013Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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326000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2014Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2013Q4 us-gaap Goodwill
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CY2014Q3 us-gaap Gross Profit
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us-gaap Gross Profit
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us-gaap Gross Profit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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14644000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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CY2013Q3 us-gaap Income Loss From Equity Method Investments
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CY2014Q3 us-gaap Income Loss From Equity Method Investments
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CY2014Q3 us-gaap Income Tax Examination Increase Decrease In Liability From Prior Year
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us-gaap Income Tax Expense Benefit
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CY2013Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Interest Income Other
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us-gaap Interest Income Other
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CY2014Q3 us-gaap Inventory Finished Goods Net Of Reserves
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us-gaap Litigation Settlement Expense
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us-gaap Marketing Expense
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CY2014Q3 us-gaap Marketing Expense
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us-gaap Marketing Expense
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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40157000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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2002000 USD
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2013Q3 us-gaap Net Income Loss
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CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Operating Expenses
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us-gaap Operating Expenses
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CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2013Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2013Q4 us-gaap Other Accrued Liabilities Current
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2233000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
0 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
831000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
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831000 USD
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2014Q3 us-gaap Other Income
OtherIncome
22000 USD
us-gaap Other Income
OtherIncome
10000 USD
CY2013Q3 us-gaap Other Income
OtherIncome
83000 USD
us-gaap Other Income
OtherIncome
223000 USD
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
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CY2014Q3 us-gaap Other Liabilities
OtherLiabilities
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CY2014Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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CY2014Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2013Q3 us-gaap Other Nonoperating Income Expense
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CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
5000000 USD
us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
3136000 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
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us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
0 USD
CY2013Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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2036000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
1340000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
CY2013Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
1340000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7376000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
145395000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1029000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
158000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
6704000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
32390000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
26504000 USD
us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
1599000 USD
us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
1959000 USD
us-gaap Payments To Acquire Available For Sale Securities
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4599000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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6349000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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117303000 USD
us-gaap Payments To Acquire Intangible Assets
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500000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1520000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
19583000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43574000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
67461000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
4286000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
6178000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
210415000 USD
CY2014Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
243750000 USD
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
29404000 USD
CY2014Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
42603000 USD
CY2014Q3 us-gaap Prepaid Taxes
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23377000 USD
CY2013Q4 us-gaap Prepaid Taxes
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the condensed consolidated financial statements of prior periods and the accompanying notes to conform to the current period presentation.</font></div></div>
us-gaap Proceeds From Stock Options Exercised
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6204000 USD
us-gaap Proceeds From Stock Options Exercised
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CY2014Q3 us-gaap Profit Loss
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-19018000 USD
CY2013Q3 us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
-75303000 USD
us-gaap Profit Loss
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CY2013Q4 us-gaap Property Plant And Equipment Net
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134423000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
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170534000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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831000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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0 USD
CY2013Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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1001000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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3559000 USD
CY2011Q4 us-gaap Restatement Of Prior Year Income Net Of Tax
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22600000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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14579000 USD
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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dei Document Period End Date
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dei Document Type
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dei Entity Central Index Key
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dei Entity Filer Category
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dei Entity Registrant Name
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Groupon, Inc.

Files In Submission

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0001490281-14-000064.txt Edgar Link pending
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