2021 Q4 Form 10-Q Financial Statement

#000152839621000118 Filed on December 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4
Revenue $165.9M $169.8M
YoY Change -2.28% 8.15%
Cost Of Revenue $103.2M $90.97M
YoY Change 13.42% 12.5%
Gross Profit $62.76M $78.84M
YoY Change -20.4% 3.52%
Gross Profit Margin 37.82% 46.43%
Selling, General & Admin $68.21M $57.82M
YoY Change 17.95% 6.58%
% of Gross Profit 108.69% 73.35%
Research & Development $59.93M $52.62M
YoY Change 13.9% 13.16%
% of Gross Profit 95.49% 66.74%
Depreciation & Amortization $3.600M $3.600M
YoY Change 0.0% 2.86%
% of Gross Profit 5.74% 4.57%
Operating Expenses $128.1M $110.4M
YoY Change 16.02% 9.62%
Operating Profit -$65.38M -$31.60M
YoY Change 106.86% 28.49%
Interest Expense $4.794M $4.620M
YoY Change 3.77% 4.31%
% of Operating Profit
Other Income/Expense, Net $1.183M $2.568M
YoY Change -53.93% -1123.11%
Pretax Income -$68.31M -$30.87M
YoY Change 121.32% 42.63%
Income Tax -$17.00M -$10.70M
% Of Pretax Income
Net Earnings -$51.28M -$20.19M
YoY Change 153.97% 34.68%
Net Earnings / Revenue -30.9% -11.89%
Basic Earnings Per Share -$0.62 -$0.24
Diluted Earnings Per Share -$0.62 -$0.24
COMMON SHARES
Basic Shares Outstanding 83.23M shares 83.61M shares
Diluted Shares Outstanding 83.23M shares 83.61M shares

Balance Sheet

Concept 2021 Q4 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $841.8M $1.150B
YoY Change -26.81% 13.75%
Cash & Equivalents $239.6M $293.8M
Short-Term Investments $602.2M $856.4M
Other Short-Term Assets $71.44M $45.80M
YoY Change 55.99% 16.54%
Inventory
Prepaid Expenses $23.56M $16.36M
Receivables $80.41M $78.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.081B $1.349B
YoY Change -19.9% 13.4%
LONG-TERM ASSETS
Property, Plant & Equipment $82.77M $67.42M
YoY Change 22.78% -0.04%
Goodwill $372.1M $340.9M
YoY Change 9.14% 0.01%
Intangibles $31.69M $33.39M
YoY Change -5.08% -43.77%
Long-Term Investments $301.4M $258.1M
YoY Change 16.78% -17.14%
Other Assets $42.74M $36.51M
YoY Change 17.06% -15.72%
Total Long-Term Assets $1.098B $989.9M
YoY Change 10.89% -1.93%
TOTAL ASSETS
Total Short-Term Assets $1.081B $1.349B
Total Long-Term Assets $1.098B $989.9M
Total Assets $2.178B $2.339B
YoY Change -6.87% 6.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.40M $21.86M
YoY Change 25.35% -14.85%
Accrued Expenses $28.00M $22.84M
YoY Change 22.61% 16.04%
Deferred Revenue $110.4M $95.93M
YoY Change 15.05% 11.75%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $204.2M $185.6M
YoY Change 9.99% 12.71%
LONG-TERM LIABILITIES
Long-Term Debt $347.3M $333.5M
YoY Change 4.15% 4.06%
Other Long-Term Liabilities $10.26M $20.97M
YoY Change -51.1% 1361.6%
Total Long-Term Liabilities $10.26M $20.97M
YoY Change -51.1% 1361.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $204.2M $185.6M
Total Long-Term Liabilities $10.26M $20.97M
Total Liabilities $680.0M $679.1M
YoY Change 0.13% 10.69%
SHAREHOLDERS EQUITY
Retained Earnings -$143.6M $137.8M
YoY Change -204.26% -21.35%
Common Stock $1.650B $1.529B
YoY Change 7.89% 7.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.498B $1.660B
YoY Change
Total Liabilities & Shareholders Equity $2.178B $2.339B
YoY Change -6.87% 6.36%

Cashflow Statement

Concept 2021 Q4 2020 Q4
OPERATING ACTIVITIES
Net Income -$51.28M -$20.19M
YoY Change 153.97% 34.68%
Depreciation, Depletion And Amortization $3.600M $3.600M
YoY Change 0.0% 2.86%
Cash From Operating Activities -$107.0M -$15.71M
YoY Change 581.49% -13.4%
INVESTING ACTIVITIES
Capital Expenditures $3.333M $1.907M
YoY Change 74.78% -80.19%
Acquisitions $43.83M $0.00
YoY Change
Other Investing Activities $15.20M -$48.90M
YoY Change -131.08% 5.16%
Cash From Investing Activities $8.081M -$53.40M
YoY Change -115.13% -7.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $26.26M $5.000M
YoY Change 425.24%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$26.25M -$3.284M
YoY Change 699.18% -992.39%
NET CHANGE
Cash From Operating Activities -$107.0M -$15.71M
Cash From Investing Activities $8.081M -$53.40M
Cash From Financing Activities -$26.25M -$3.284M
Net Change In Cash -$126.2M -$73.13M
YoY Change 72.55% -2.5%
FREE CASH FLOW
Cash From Operating Activities -$107.0M -$15.71M
Capital Expenditures $3.333M $1.907M
Free Cash Flow -$110.4M -$17.61M
YoY Change 526.63% -36.56%

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IncreaseDecreaseInContractWithCustomerAsset
25214000 USD
CY2021Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7046000 USD
CY2020Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1841000 USD
CY2021Q4 gwre Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-2879000 USD
CY2020Q4 gwre Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
4581000 USD
CY2021Q4 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1333000 USD
CY2020Q4 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2198000 USD
CY2021Q4 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-62637000 USD
CY2020Q4 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-13513000 USD
CY2021Q4 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-30456000 USD
CY2020Q4 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-23646000 USD
CY2021Q4 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-3386000 USD
CY2020Q4 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
6772000 USD
CY2021Q4 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3153000 USD
CY2020Q4 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-840000 USD
CY2021Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-107042000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15707000 USD
CY2021Q4 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
241247000 USD
CY2020Q4 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
346405000 USD
CY2021Q4 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
27331000 USD
CY2020Q4 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
57903000 USD
CY2021Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
272943000 USD
CY2020Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
241591000 USD
CY2021Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3333000 USD
CY2020Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1907000 USD
CY2021Q4 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
3783000 USD
CY2020Q4 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
2581000 USD
CY2021Q4 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 USD
CY2020Q4 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2000000 USD
CY2021Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
43830000 USD
CY2020Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8081000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53399000 USD
CY2021Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17000 USD
CY2020Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1716000 USD
CY2021Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26262000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258720000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
293836000 USD
CY2020Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5000000 USD
CY2021Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-26245000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3284000 USD
CY2021Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-984000 USD
CY2020Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-743000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-126190000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-73133000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
384910000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
366969000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
239620000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
293836000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19100000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258720000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
293836000 USD
CY2021Q4 us-gaap Interest Paid Net
InterestPaidNet
2500000 USD
CY2020Q4 us-gaap Interest Paid Net
InterestPaidNet
2500000 USD
CY2021Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
717000 USD
CY2020Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
990000 USD
CY2021Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2639000 USD
CY2020Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
343000 USD
CY2021Q4 gwre Capitalized Software Costs Incurred But Not Yet Paid
CapitalizedSoftwareCostsIncurredButNotYetPaid
287000 USD
CY2020Q4 gwre Capitalized Software Costs Incurred But Not Yet Paid
CapitalizedSoftwareCostsIncurredButNotYetPaid
112000 USD
CY2021Q4 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:14pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Significant items subject to such estimates include, but are not limited to, revenue recognition, the useful lives of property and equipment and intangible assets, accounts receivable allowances, valuation allowance for deferred tax assets, stock-based compensation, annual bonus attainment, income tax uncertainties, fair value of convertible senior notes and investments, valuation of goodwill and intangible assets, fair value of acquired assets and assumed liabilities, software development costs to be capitalized, leases, and contingencies. These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ from these estimates.</span></div>
CY2021Q4 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:14pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, investments, accounts receivable and unbilled accounts receivable. The Company maintains its cash, cash equivalents, and investments with high quality financial institutions. The Company is exposed to credit risk for cash held in financial institutions in the event of a default to the extent that such amounts recorded in the condensed consolidated balance sheets are in excess of amounts that are insured by the Federal Deposit Insurance Corporation.</span></div>
CY2021Q4 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
Subscriptions are typically sold with a three to five year initial term with a customer option to renew on an annual basis after the initial term. Term licenses generally have a two-year initial term with a customer option to renew on an annual basis after the initial term. In certain circumstances, the Company will enter into term licenses with an initial term of more than two years or a renewal period longer than one year. Support for term licenses follows the same contract periods. Professional services typically are time and materials contracts that last for an average period of approximately one year.
CY2021Q4 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
165934000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
169802000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
165934000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
169802000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
109672000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
103422000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
42877000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
42235000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
116256000 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
145936000 USD
CY2021Q3 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
0 USD
CY2021Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
0 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
13800000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
13400000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
29100000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
28900000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3000000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2200000 USD
CY2021Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
67000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
881000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1042561000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
387000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
745000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1042203000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1201932000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
739000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
47000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1202624000 USD
CY2021Q4 gwre Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date Less Than12 Months
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateLessThan12Months
744362000 USD
CY2021Q4 gwre Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date Greater Than12 Months
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateGreaterThan12Months
297841000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1042203000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
142200000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
602162000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
297841000 USD
CY2021Q4 gwre Cash Cash Equivalents And Debt Securities Available For Sale
CashCashEquivalentsAndDebtSecuritiesAvailableForSale
1042203000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
240943000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
734518000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
227163000 USD
CY2021Q3 gwre Cash Cash Equivalents And Debt Securities Available For Sale
CashCashEquivalentsAndDebtSecuritiesAvailableForSale
1202624000 USD
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
81112000 USD
CY2021Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
105125000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
705000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1057000 USD
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
80407000 USD
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
104068000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1057000 USD
CY2021Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2021Q4 gwre Accounts Receivable Net Change To Revenue Reserves
AccountsReceivableNetChangeToRevenueReserves
32000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
320000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
705000 USD
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
23563000 USD
CY2021Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
20330000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
13805000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
13365000 USD
CY2021Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
8657000 USD
CY2021Q3 us-gaap Deferred Costs Current
DeferredCostsCurrent
9247000 USD
CY2021Q4 gwre Deposits And Other Receivables Current
DepositsAndOtherReceivablesCurrent
11295000 USD
CY2021Q3 gwre Deposits And Other Receivables Current
DepositsAndOtherReceivablesCurrent
9787000 USD
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
14124000 USD
CY2021Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
71444000 USD
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
52729000 USD
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
3300000 USD
CY2021Q4 gwre Purchase Of Investments Not Yet Closed
PurchaseOfInvestmentsNotYetClosed
10800000 USD
CY2021Q4 gwre Computer Hardware Gross
ComputerHardwareGross
19361000 USD
CY2021Q3 gwre Computer Hardware Gross
ComputerHardwareGross
19256000 USD
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5998000 USD
CY2021Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
6002000 USD
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
27545000 USD
CY2021Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
24025000 USD
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
12240000 USD
CY2021Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
12214000 USD
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
11791000 USD
CY2021Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
11482000 USD
CY2021Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
60052000 USD
CY2021Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
57960000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
136987000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
130939000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
54213000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
50878000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
82774000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
80061000 USD
CY2021Q4 gwre Property And Equipment Pledged As Collateral
PropertyAndEquipmentPledgedAsCollateral
0 USD
CY2021Q3 gwre Property And Equipment Pledged As Collateral
PropertyAndEquipmentPledgedAsCollateral
0 USD
CY2021Q4 us-gaap Depreciation
Depreciation
3600000 USD
CY2020Q4 us-gaap Depreciation
Depreciation
3600000 USD
CY2021Q4 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1200000 USD
CY2020Q4 us-gaap Adjustment For Amortization
AdjustmentForAmortization
600000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
340877000 USD
CY2021Q4 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
31185000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
372062000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
156400000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
124712000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
31688000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
140700000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
120957000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
19743000 USD
CY2021Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3800000 USD
CY2020Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
10327000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6888000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5468000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5026000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3572000 USD
CY2021Q4 gwre Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
407000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
31688000 USD
CY2021Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
2974000 USD
CY2021Q3 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
3276000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
29061000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
28870000 USD
CY2021Q4 us-gaap Deferred Costs
DeferredCosts
2175000 USD
CY2021Q3 us-gaap Deferred Costs
DeferredCosts
2777000 USD
CY2021Q4 gwre Strategic Investments Noncurrent
StrategicInvestmentsNoncurrent
3556000 USD
CY2021Q3 gwre Strategic Investments Noncurrent
StrategicInvestmentsNoncurrent
3556000 USD
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4976000 USD
CY2021Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
42742000 USD
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
38479000 USD
CY2021Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
12241000 USD
CY2021Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
48414000 USD
CY2021Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
2233000 USD
CY2021Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
11271000 USD
CY2021Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
5746000 USD
CY2021Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
23803000 USD
CY2021Q4 gwre Other Payroll Accruals Current
OtherPayrollAccrualsCurrent
18185000 USD
CY2021Q3 gwre Other Payroll Accruals Current
OtherPayrollAccrualsCurrent
18649000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
38405000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
102137000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11312000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11624000 USD
CY2021Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
9165000 USD
CY2021Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
7525000 USD
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3495000 USD
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5703000 USD
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CY2020Q4 us-gaap Lease Cost
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CY2020Q4 us-gaap Short Term Lease Cost
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CY2021Q3 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q4 us-gaap Loss Contingency Pending Claims Number
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CY2021Q4 us-gaap Operating Lease Payments
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CY2020Q4 us-gaap Operating Lease Payments
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CY2021Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2020Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021Q4 gwre Indemnification Agreement Reimbursement Paid
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CY2021Q3 us-gaap Loss Contingency Pending Claims Number
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CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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32533000 USD
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2021Q4 us-gaap Share Price
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125.73
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CY2021Q4 gwre Share Based Compensation Expense Performance Based Awards
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CY2021Q4 us-gaap Share Price
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0.0001
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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5014069 shares
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2020Q4 us-gaap Stock Repurchase Program Authorized Amount1
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200000000 USD
CY2021Q4 us-gaap Treasury Stock Shares Acquired
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226172 shares
CY2021Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
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116.12
CY2021Q4 us-gaap Treasury Stock Value Acquired Par Value Method
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26300000 USD
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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11200000 USD
CY2021Q4 us-gaap Income Tax Expense Benefit
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CY2020Q4 us-gaap Income Tax Expense Benefit
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CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
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0.25
CY2021Q4 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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400000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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11100000 USD
CY2021Q4 us-gaap Number Of Operating Segments
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1 segment
CY2021Q4 gwre Long Lived Assets Property Plant And Equipment Net Including Intangibles And Goodwill
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177342000 USD
CY2021Q3 gwre Long Lived Assets Property Plant And Equipment Net Including Intangibles And Goodwill
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177508000 USD

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