2023 Q1 Form 10-K Financial Statement

#000156459023002828 Filed on March 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $213.5M $202.1M $720.2M
YoY Change 33.86% 38.29% 39.89%
Cost Of Revenue $40.20M $40.57M $148.4M
YoY Change 20.61% 36.29% 50.96%
Gross Profit $173.3M $161.5M $571.8M
YoY Change 37.36% 38.81% 37.28%
Gross Profit Margin 81.17% 79.92% 79.39%
Selling, General & Admin $162.6M $157.5M $591.3M
YoY Change 18.59% 23.18% 27.11%
% of Gross Profit 93.78% 97.54% 103.41%
Research & Development $80.04M $72.88M $271.0M
YoY Change 32.83% 21.94% 14.2%
% of Gross Profit 46.18% 45.13% 47.39%
Depreciation & Amortization $16.87M $16.59M $63.04M
YoY Change 11.4% 26.54% 708.19%
% of Gross Profit 9.74% 10.27% 11.02%
Operating Expenses $242.6M $234.3M $862.2M
YoY Change 22.94% 22.83% 22.75%
Operating Profit -$69.26M -$72.86M -$290.5M
YoY Change -2.63% -2.13% 1.58%
Interest Expense $496.0K $4.467M $2.135M
YoY Change 1.02% -1004.25% -199.16%
% of Operating Profit
Other Income/Expense, Net -$210.0K -$692.0K -$1.737M
YoY Change -138.67% -1970.27% 106.05%
Pretax Income -$63.39M -$71.43M -$286.5M
YoY Change -10.83% -4.65% -0.85%
Income Tax $100.0K -$243.0K $466.0K
% Of Pretax Income
Net Earnings -$63.45M -$71.18M -$286.9M
YoY Change -11.16% 39.65% 8.21%
Net Earnings / Revenue -29.71% -35.23% -39.84%
Basic Earnings Per Share -$0.45 -$2.10
Diluted Earnings Per Share -$0.45 -$0.51 -$2.10
COMMON SHARES
Basic Shares Outstanding 140.3M 138.0M 136.5M
Diluted Shares Outstanding 139.6M shares 136.5M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $602.8M $582.2M $582.2M
YoY Change 2.71% -0.67% -0.67%
Cash & Equivalents $329.0M $296.7M $296.7M
Short-Term Investments $273.8M $285.5M $285.5M
Other Short-Term Assets $41.78M $44.73M $44.73M
YoY Change 2.57% 27.17% 27.17%
Inventory
Prepaid Expenses
Receivables $106.2M $148.7M $172.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $775.0M $799.2M $799.2M
YoY Change 6.78% 6.24% 6.24%
LONG-TERM ASSETS
Property, Plant & Equipment $38.28M $39.19M $118.2M
YoY Change -69.68% 6.4% -1.96%
Goodwill $539.1M $539.1M
YoY Change -0.17% -0.33%
Intangibles $163.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.86M $21.90M $21.90M
YoY Change -9.26% -0.47% -0.47%
Total Long-Term Assets $936.2M $941.2M $941.2M
YoY Change -1.09% 0.3% 0.3%
TOTAL ASSETS
Total Short-Term Assets $775.0M $799.2M $799.2M
Total Long-Term Assets $936.2M $941.2M $941.2M
Total Assets $1.711B $1.740B $1.740B
YoY Change 2.33% 2.94% 2.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.45M $14.28M $14.28M
YoY Change 35.0% -7.8% -7.8%
Accrued Expenses $69.63M $99.18M $99.18M
YoY Change 18.22% 50.49% 37.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.854M
YoY Change 10.1%
Total Short-Term Liabilities $514.7M $531.6M $531.6M
YoY Change 25.96% 31.69% 31.69%
LONG-TERM LIABILITIES
Long-Term Debt $45.13M $45.58M $45.58M
YoY Change -3.88% -3.73% -3.73%
Other Long-Term Liabilities $4.245M $3.049M $46.41M
YoY Change -91.89% -35.44% -7.76%
Total Long-Term Liabilities $4.245M $3.049M $91.99M
YoY Change -95.72% -35.44% -5.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $514.7M $531.6M $531.6M
Total Long-Term Liabilities $4.245M $3.049M $91.99M
Total Liabilities $606.8M $623.6M $623.6M
YoY Change 19.48% 24.39% 24.39%
SHAREHOLDERS EQUITY
Retained Earnings -$1.013B -$949.1M
YoY Change 43.33%
Common Stock $14.00K $14.00K
YoY Change 7.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.104B $1.117B $1.117B
YoY Change
Total Liabilities & Shareholders Equity $1.711B $1.740B $1.740B
YoY Change 2.33% 2.94% 2.94%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$63.45M -$71.18M -$286.9M
YoY Change -11.16% 39.65% 8.21%
Depreciation, Depletion And Amortization $16.87M $16.59M $63.04M
YoY Change 11.4% 26.54% 708.19%
Cash From Operating Activities $29.28M $22.69M $12.61M
YoY Change 184.67% -734.74% -65.67%
INVESTING ACTIVITIES
Capital Expenditures $2.173M $10.98M $15.78M
YoY Change -71.12% -221.28% 27.45%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities $10.05M $9.147M -$291.0M
YoY Change -1067.73% -101.86% -43.39%
Cash From Investing Activities -$79.00K -$1.830M -$340.5M
YoY Change -99.51% -99.63% -37.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $3.312M 9.394M 38.65M
YoY Change -49.37% -44.35% -94.57%
NET CHANGE
Cash From Operating Activities $29.28M 22.69M 12.61M
Cash From Investing Activities -$79.00K -1.830M -340.5M
Cash From Financing Activities $3.312M 9.394M 38.65M
Net Change In Cash $32.51M 30.26M -289.2M
YoY Change 5051.82% -106.22% -239.86%
FREE CASH FLOW
Cash From Operating Activities $29.28M $22.69M $12.61M
Capital Expenditures $2.173M $10.98M $15.78M
Free Cash Flow $27.10M $11.72M -$3.174M
YoY Change 882.31% 113.93% -113.04%

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Procore Technologies, Inc.
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DE
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6309 Carpinteria Avenue
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CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.34%;font-weight:bold;font-style:italic;color:#000000;font-family:Arial;font-size:10pt;text-transform:none;font-variant: normal;">Use of estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.34%;color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Management periodically evaluates its estimates and assumptions for continued reasonableness, primarily with respect to revenue recognition, the period of benefit of contract cost assets, the fair value of assets acquired and liabilities assumed in a business combination, stock-based compensation expense, including the fair value of the Company’s common stock prior to the effective date of the Company’s IPO, the recoverability of goodwill and long-lived assets, useful lives of long-lived assets, capitalization of software development costs, income taxes, including related reserves and allowances, and self-insurance reserve estimates. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. Management bases its estimates on historical experience and on various other assumptions that management believes to be reasonable. Actual results could differ from the Company’s estimates.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.34%;color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The extent to which the COVID-19 pandemic may directly or indirectly impact the Company’s business will depend on future developments that are highly uncertain and cannot be predicted. As of the date these consolidated financial statements were issued, the COVID-19 pandemic did not have a significant impact on the Company’s estimates or judgments. Judgments and assumptions may change as new events occur, additional information is obtained, and as other factors arise related to the </p> <p style="margin-top:12pt;margin-bottom:0pt;color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">COVID-19 pandemic and economic recovery that could result in a meaningful impact on </span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Company’s</span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> consolidated financial statements in future reporting periods</span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</span></p>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.34%;font-weight:bold;font-style:italic;color:#000000;font-family:Arial;font-size:10pt;text-transform:none;font-variant: normal;">Concentrations of credit risk</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.34%;color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, restricted cash, investments in marketable securities, accounts receivable, and materials financing receivables. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.34%;color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company maintains its cash, cash equivalents, and restricted cash balances with major financial institutions that may at times exceed federally insured limits. However, the Company believes that these financial institutions are financially sound with minimal credit risk. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.34%;color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Investments in marketable securities consist primarily of investment-grade securities and the Company’s investment policy limits the amount of credit exposure to any individual issuer.</span></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.34%;color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Accounts receivable are recorded at the invoiced amounts, do not require collateral or bear interest, and mainly result from subscriptions to access the Company’s software products. The Company regularly assesses the need for allowances for expected losses from these accounts receivable. Each reporting period, the Company evaluates the collectability of its accounts receivable based on a number of factors such as the age of the receivables, credit quality, historical experience, and current and future economic conditions that may affect a customer’s ability to pay. At December 31, 2022 and 2021, the Company’s allowance for expected credit losses was <span><span style="color:#000000;">$</span>4.1</span> million and $2.4 million, respectively. No customer represented 10% or more of the consolidated accounts receivable balance as of December 31, 2022 and 2021. No single customer accounted for 10% or more of total revenue for the years ended December 31, 2022, 2021, and 2020.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.34%;color:#000000;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company also has receivables related to its materials financing program that finances customers’ purchases of construction materials on deferred payment terms. The related allowance recorded on the Company’s materials financing receivables is primarily based on expectations of credit losses based on historical loss data as well as macroeconomic factors. At December 31, 2022, the Company’s allowance for expected credit losses related to its materials financing program was $2.1 million, and was immaterial at December 31, 2021.</p>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4100000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2400000
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22146000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
797500000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.70
CY2022 pcor Contract Obtaining Cost Deferred And Recognized Over Expected Benefit Period
ContractObtainingCostDeferredAndRecognizedOverExpectedBenefitPeriod
P4Y
CY2022 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
42919000
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
33052000
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
30799000
CY2022 pcor Capitalized Contract Costs Additions
CapitalizedContractCostsAdditions
41750000
CY2021 pcor Capitalized Contract Costs Additions
CapitalizedContractCostsAdditions
25978000
CY2020 pcor Capitalized Contract Costs Additions
CapitalizedContractCostsAdditions
16019000
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
20592000
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
16111000
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
13766000
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
64077000
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
42919000
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
33052000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
201977000
CY2022Q4 us-gaap Acquired Finite Lived Intangible Asset Residual Value
AcquiredFiniteLivedIntangibleAssetResidualValue
0
CY2022 us-gaap Advertising Expense
AdvertisingExpense
37200000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
27200000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
18200000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P4Y
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
286001000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
14000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
522000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
285493000
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
85600000
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0
CY2022 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
0
CY2021Q4 us-gaap Investments
Investments
7332000
CY2022 pcor Interest Accrued On Available For Sale Debt Securities
InterestAccruedOnAvailableForSaleDebtSecurities
105000
CY2022 pcor Payments To Acquire Strategic Investments
PaymentsToAcquireStrategicInvestments
3959000
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-216000
CY2022 pcor Impairment Losses On Strategic Investments
ImpairmentLossesOnStrategicInvestments
-137000
CY2022Q4 us-gaap Investments
Investments
11043000
CY2021 pcor Payments To Acquire Strategic Investments
PaymentsToAcquireStrategicInvestments
4300000
CY2021 pcor Convertible Note Acquired In Connection With Business Combination
ConvertibleNoteAcquiredInConnectionWithBusinessCombination
3000000
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
32000
CY2021Q4 us-gaap Investments
Investments
7332000
CY2021 pcor Impairment Losses On Strategic Investments
ImpairmentLossesOnStrategicInvestments
0
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
316048000
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
518357000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
65136000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
57722000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
25943000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20885000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39193000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36837000
CY2022 us-gaap Depreciation
Depreciation
11100000
CY2021 us-gaap Depreciation
Depreciation
7800000
CY2020 us-gaap Depreciation
Depreciation
6900000
CY2022Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2705000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2683000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2676000
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2017000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2076000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2131000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
11526000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
8943000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
8045000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
674000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
47000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1643000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
5667000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
4370000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
4410000
CY2022 us-gaap Lease Cost
LeaseCost
22589000
CY2021 us-gaap Lease Cost
LeaseCost
18119000
CY2020 us-gaap Lease Cost
LeaseCost
18905000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
41934000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
44052000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8801000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6158000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
38087000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
41573000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
46888000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
47731000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
37026000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
39623000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1854000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1684000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
45578000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
47344000
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0420
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0420
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0420
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0289
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0276
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0286
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9900000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3806000
CY2022Q4 pcor Lessee Operating And Finance Lease Liability Payments Due Next Twelve Months
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
13706000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8138000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3886000
CY2022Q4 pcor Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
12024000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7226000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4007000
CY2022Q4 pcor Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
11233000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6808000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
4120000
CY2022Q4 pcor Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
10928000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5198000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
4282000
CY2022Q4 pcor Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
9480000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
14384000
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
43959000
CY2022Q4 pcor Lessee Operating And Finance Lease Liability Payments Due After Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
58343000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
51654000
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
64060000
CY2022Q4 pcor Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
115714000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4766000
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
16628000
CY2022Q4 pcor Lessee Operating And Finance Lease Liability Imputed Interest
LesseeOperatingAndFinanceLeaseLiabilityImputedInterest
21394000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
46888000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
47432000
CY2022Q4 pcor Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
94320000
CY2022Q4 pcor Lessee Operating Lease Not Yet Commenced Undiscounted Commitments
LesseeOperatingLeaseNotYetCommencedUndiscountedCommitments
2700000
CY2022Q4 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P2Y
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
223480000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60527000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
224123000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
38381000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13796000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5764000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
37033000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
36816000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
33373000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
18692000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
17797000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
19242000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
162953000
CY2021Q4 us-gaap Goodwill
Goodwill
540922000
CY2020Q4 us-gaap Goodwill
Goodwill
125966000
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
415482000
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-1794000
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-526000
CY2022Q4 us-gaap Goodwill
Goodwill
539128000
CY2021Q4 us-gaap Goodwill
Goodwill
540922000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10234000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
99182000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
65907000
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
100431000
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
60580000
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
41854000
CY2021Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
33518000
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
58577000
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
27062000
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
28357000
CY2021Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
18890000
CY2022Q4 pcor Accrued Commissions
AccruedCommissions
20389000
CY2021Q4 pcor Accrued Commissions
AccruedCommissions
10786000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
34113000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
25997000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
16323000
CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
100000000.0
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
100000000.0
CY2022 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2022-05-07
CY2022 pcor Line Of Credit Facility Termination Date
LineOfCreditFacilityTerminationDate
2022-04-29
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
0
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6500000
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6500000
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
19454000
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
13006000
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
7573000
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
2780000
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
2900000
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
2500000
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
48213000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7642690
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.98
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
511979000
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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Files In Submission

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