2021 Q2 Form 10-Q Financial Statement

#000091420821000459 Filed on July 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $1.721B $1.419B
YoY Change 21.31% -1.42%
Cost Of Revenue $539.6M $444.0M
YoY Change 21.53% -1.73%
Gross Profit $1.182B $975.0M
YoY Change 21.21% -1.28%
Gross Profit Margin 68.65% 68.71%
Selling, General & Admin $127.8M $203.3M
YoY Change -37.14% 59.33%
% of Gross Profit 10.81% 20.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.80M $50.30M
YoY Change 4.97% 24.81%
% of Gross Profit 4.47% 5.16%
Operating Expenses $1.251B $1.302B
YoY Change -3.95% -8.39%
Operating Profit $470.9M $117.1M
YoY Change 302.13% 539.89%
Interest Expense $24.60M $34.80M
YoY Change -29.31% 5.45%
% of Operating Profit 5.22% 29.72%
Other Income/Expense, Net $43.40M $60.00M
YoY Change -27.67% 148.96%
Pretax Income $649.3M $105.4M
YoY Change 516.03% 37.78%
Income Tax $154.2M $43.40M
% Of Pretax Income 23.75% 41.18%
Net Earnings $368.3M $40.50M
YoY Change 809.38% 1.0%
Net Earnings / Revenue 21.4% 2.85%
Basic Earnings Per Share $0.80 $0.09
Diluted Earnings Per Share $0.79 $0.09
COMMON SHARES
Basic Shares Outstanding 462.8M shares 460.1M shares
Diluted Shares Outstanding 466.2M shares 463.1M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.333B $987.0M
YoY Change 35.06% -17.68%
Cash & Equivalents $1.333B $987.1M
Short-Term Investments
Other Short-Term Assets $139.6M $129.0M
YoY Change 8.22% -7.19%
Inventory
Prepaid Expenses
Receivables $1.024B $830.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.496B $1.946B
YoY Change 28.27% -15.83%
LONG-TERM ASSETS
Property, Plant & Equipment $524.8M $555.1M
YoY Change -5.46% -2.24%
Goodwill $8.962B $8.618B
YoY Change 3.98% 2.73%
Intangibles $7.267B $7.313B
YoY Change -0.63% -0.87%
Long-Term Investments $481.9M $355.1M
YoY Change 35.71% 14.36%
Other Assets
YoY Change
Total Long-Term Assets $30.75B $33.63B
YoY Change -8.57% -7.06%
TOTAL ASSETS
Total Short-Term Assets $2.496B $1.946B
Total Long-Term Assets $30.75B $33.63B
Total Assets $33.25B $35.58B
YoY Change -6.55% -7.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.485B $1.522B
YoY Change -2.43% -3.12%
Accrued Expenses $742.4M $932.0M
YoY Change -20.34% -15.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.930B $10.59B
YoY Change -44.02% -26.6%
LONG-TERM LIABILITIES
Long-Term Debt $8.835B $8.655B
YoY Change 2.07% 19.05%
Other Long-Term Liabilities $1.119B $653.0M
YoY Change 71.3% 15.37%
Total Long-Term Liabilities $9.953B $9.308B
YoY Change 6.93% 18.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.930B $10.59B
Total Long-Term Liabilities $9.953B $9.308B
Total Liabilities $17.46B $21.41B
YoY Change -18.45% -10.07%
SHAREHOLDERS EQUITY
Retained Earnings $6.570B $5.825B
YoY Change 12.79% -0.54%
Common Stock $7.778B $7.902B
YoY Change -1.57% -0.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.080B $3.319B
YoY Change -7.19% 4.2%
Treasury Stock Shares
Shareholders Equity $14.91B $13.60B
YoY Change
Total Liabilities & Shareholders Equity $33.25B $35.58B
YoY Change -6.55% -7.59%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $368.3M $40.50M
YoY Change 809.38% 1.0%
Depreciation, Depletion And Amortization $52.80M $50.30M
YoY Change 4.97% 24.81%
Cash From Operating Activities $507.7M $347.4M
YoY Change 46.14% -24.49%
INVESTING ACTIVITIES
Capital Expenditures -$26.90M -$28.00M
YoY Change -3.93% 0.36%
Acquisitions
YoY Change
Other Investing Activities -$56.90M -$263.0M
YoY Change -78.37% 52.02%
Cash From Investing Activities -$83.80M -$291.0M
YoY Change -71.2% 44.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -482.7M -25.00M
YoY Change 1830.8% -71.91%
NET CHANGE
Cash From Operating Activities 507.7M 347.4M
Cash From Investing Activities -83.80M -291.0M
Cash From Financing Activities -482.7M -25.00M
Net Change In Cash -58.80M 31.40M
YoY Change -287.26% -81.55%
FREE CASH FLOW
Cash From Operating Activities $507.7M $347.4M
Capital Expenditures -$26.90M -$28.00M
Free Cash Flow $534.6M $375.4M
YoY Change 42.41% -23.07%

Facts In Submission

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1721400000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1419000000.0 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3381100000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3017900000 USD
CY2020Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
58000000.0 USD
CY2021Q2 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
59800000 USD
CY2019Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
45800000 USD
CY2020Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
58000000.0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
72800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
95200000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
19.11
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.60
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
18.74
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
21.85
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
18.82
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
152300000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
94300000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.60
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.09
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
231100000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y5M12D
CY2021Q2 us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
20100000 USD
us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
50100000 USD
us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
0 USD
CY2020Q2 us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
0 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
us-gaap Restructuring Charges
RestructuringCharges
94100000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
49600000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
44500000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
23900000 USD
CY2021Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
41300000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
27100000 USD
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
15900000 USD
CY2021Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
24700000 USD
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
18300000 USD
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
24900000 USD
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
10300000 USD
CY2021 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
35200000 USD
CY2021Q2 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
169100000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
368300000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
40500000 USD
us-gaap Net Income Loss
NetIncomeLoss
636100000 USD
us-gaap Net Income Loss
NetIncomeLoss
122000000.0 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
462800000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
460100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
462200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
457900000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3400000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000.0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3100000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3100000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
466200000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
463100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
465300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
461000000.0 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
ivz Undrawn Capital Commitments
UndrawnCapitalCommitments
427700000 USD
CY2020 ivz Undrawn Capital Commitments
UndrawnCapitalCommitments
453500000 USD
us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
5 entity
ivz Voting Rights Entity Nonconsolidated Numberof Entities
VotingRightsEntityNonconsolidatedNumberofEntities
4 entity
us-gaap Variable Interest Entity Number Of Entities With Unavailability Of Information
VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation
6 entity
ivz Voting Rights Entity Nonconsolidated Numberof Entities
VotingRightsEntityNonconsolidatedNumberofEntities
11 entity
ivz Collateralized Loan Obligations Terms Of Arrangements Interest Rate Margin Spread High
CollateralizedLoanObligationsTermsOfArrangementsInterestRateMarginSpreadHigh
0.120
CY2021Q2 ivz Collateral Assets Default Percentage
CollateralAssetsDefaultPercentage
0.0061
ivz Notes Issued By Collateralized Loan Obligations Terms Of Arrangements Interest Rate Margin Spread Low
NotesIssuedByCollateralizedLoanObligationsTermsOfArrangementsInterestRateMarginSpreadLow
0.0040
ivz Issued Note Maturity Average Years
IssuedNoteMaturityAverageYears
P10Y9M29D
ivz Notes Issued By Collateralized Loan Obligations Terms Of Arrangements Interest Rate Margin Spread High
NotesIssuedByCollateralizedLoanObligationsTermsOfArrangementsInterestRateMarginSpreadHigh
0.0851
CY2021Q2 us-gaap Due From Affiliates
DueFromAffiliates
822600000 USD
CY2020Q4 us-gaap Due From Affiliates
DueFromAffiliates
612000000.0 USD
CY2021Q2 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
368900000 USD
CY2020Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
171600000 USD

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