2024 Q1 Form 10-K Financial Statement

#000162828024006848 Filed on February 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $269.4M $260.0M $950.0M
YoY Change 26.18% 28.7% 31.91%
Cost Of Revenue $45.72M $47.83M $174.5M
YoY Change 13.73% 17.9% 17.55%
Gross Profit $223.7M $212.2M $775.5M
YoY Change 29.07% 31.41% 35.64%
Gross Profit Margin 83.03% 81.61% 81.64%
Selling, General & Admin $172.0M $171.3M $690.7M
YoY Change 5.82% 8.78% 16.81%
% of Gross Profit 76.89% 80.74% 89.05%
Research & Development $70.60M $73.46M $300.6M
YoY Change -11.79% 0.8% 10.92%
% of Gross Profit 31.56% 34.62% 38.76%
Depreciation & Amortization $20.05M $19.69M $71.63M
YoY Change 18.83% 18.73% 13.63%
% of Gross Profit 8.96% 9.28% 9.24%
Operating Expenses $242.6M $248.6M $991.2M
YoY Change 0.01% 6.07% 14.96%
Operating Profit -$18.91M -$36.36M -$215.7M
YoY Change -72.7% -50.1% -25.74%
Interest Expense $479.0K $4.687M $1.957M
YoY Change -3.43% 4.93% -8.34%
% of Operating Profit
Other Income/Expense, Net -$344.0K $3.828M -$360.0K
YoY Change 63.81% -653.18% -79.27%
Pretax Income -$10.70M -$28.82M -$188.4M
YoY Change -83.12% -59.65% -34.23%
Income Tax $300.0K $700.0K $1.273M
% Of Pretax Income
Net Earnings -$10.97M -$29.52M -$189.7M
YoY Change -82.72% -58.53% -33.89%
Net Earnings / Revenue -4.07% -11.35% -19.97%
Basic Earnings Per Share -$0.08 -$1.34
Diluted Earnings Per Share -$0.08 -$0.20 -$1.34
COMMON SHARES
Basic Shares Outstanding 144.9M shares 143.5M shares 142.0M shares
Diluted Shares Outstanding 145.5M shares 142.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $744.6M $678.0M $678.0M
YoY Change 23.52% 16.45% 16.45%
Cash & Equivalents $427.7M $357.8M $357.8M
Short-Term Investments $317.0M $320.2M $320.2M
Other Short-Term Assets $41.71M $42.42M $42.42M
YoY Change -0.17% -5.16% -5.16%
Inventory
Prepaid Expenses
Receivables $139.0M $206.6M $235.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $954.9M $955.7M $955.7M
YoY Change 23.22% 19.58% 19.58%
LONG-TERM ASSETS
Property, Plant & Equipment $35.42M $36.26M $114.8M
YoY Change -7.48% -7.49% -2.86%
Goodwill $539.1M $539.4M
YoY Change 0.0% 0.04%
Intangibles $127.7M $137.5M
YoY Change -15.59%
Long-Term Investments
YoY Change
Other Assets $18.87M $18.55M $18.55M
YoY Change -13.66% -15.3% -15.3%
Total Long-Term Assets $923.8M $937.8M $937.8M
YoY Change -1.33% -0.36% -0.36%
TOTAL ASSETS
Total Short-Term Assets $954.9M $955.7M $955.7M
Total Long-Term Assets $923.8M $937.8M $937.8M
Total Assets $1.879B $1.894B $1.894B
YoY Change 9.79% 8.8% 8.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.45M $13.18M $13.18M
YoY Change -15.45% -7.74% -7.74%
Accrued Expenses $67.01M $100.1M $100.1M
YoY Change -3.76% 0.9% 0.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.019M
YoY Change 8.9%
Total Short-Term Liabilities $595.0M $642.4M $642.4M
YoY Change 15.6% 20.84% 20.84%
LONG-TERM LIABILITIES
Long-Term Debt $43.08M $43.58M $43.58M
YoY Change -4.55% -4.38% -4.38%
Other Long-Term Liabilities $5.876M $6.332M $51.95M
YoY Change 38.42% 107.67% 11.92%
Total Long-Term Liabilities $5.876M $6.332M $95.53M
YoY Change 38.42% 107.67% 3.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $595.0M $642.4M $642.4M
Total Long-Term Liabilities $5.876M $6.332M $95.53M
Total Liabilities $685.0M $738.0M $738.0M
YoY Change 12.89% 18.33% 18.33%
SHAREHOLDERS EQUITY
Retained Earnings -$1.150B -$1.139B
YoY Change 13.55% 19.99%
Common Stock $15.00K $15.00K
YoY Change 7.14% 7.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.194B $1.156B $1.156B
YoY Change
Total Liabilities & Shareholders Equity $1.879B $1.894B $1.894B
YoY Change 9.79% 8.8% 8.8%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$10.97M -$29.52M -$189.7M
YoY Change -82.72% -58.53% -33.89%
Depreciation, Depletion And Amortization $20.05M $19.69M $71.63M
YoY Change 18.83% 18.73% 13.63%
Cash From Operating Activities $69.15M $40.75M $92.02M
YoY Change 136.19% 79.56% 629.81%
INVESTING ACTIVITIES
Capital Expenditures $2.089M $11.75M $10.33M
YoY Change -3.87% 7.04% -34.58%
Acquisitions $5.000K $0.00
YoY Change
Other Investing Activities $6.933M -$5.771M -$31.05M
YoY Change -30.98% -163.09% -89.33%
Cash From Investing Activities -$4.670M -$17.52M -$76.06M
YoY Change 5811.39% 857.43% -77.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $6.676M 14.52M $41.17M
YoY Change 101.57% 54.51% 6.5%
NET CHANGE
Cash From Operating Activities $69.15M 40.75M $92.02M
Cash From Investing Activities -$4.670M -17.52M -$76.06M
Cash From Financing Activities $6.676M 14.52M $41.17M
Net Change In Cash $71.15M 37.74M $57.12M
YoY Change 118.87% 24.73% -119.75%
FREE CASH FLOW
Cash From Operating Activities $69.15M $40.75M $92.02M
Capital Expenditures $2.089M $11.75M $10.33M
Free Cash Flow $67.06M $29.00M $81.69M
YoY Change 147.42% 147.5% -2673.72%

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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;text-indent:24.48pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:12pt;text-indent:24.48pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 or asset acquisition, stock-based compensation expense, 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, provision for credit losses, incremental borrowing rates and estimation of lease terms applied in lease accounting, 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.</span></div>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
13600000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:6pt;text-indent:24.48pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of credit risk</span></div><div style="margin-bottom:12pt;text-indent:24.48pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. </span></div><div style="margin-bottom:12pt;text-indent:24.48pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. During the years ended December 31, 2023 and 2022, there were no credit losses recorded on cash, cash equivalents, or restricted cash.</span></div><div style="margin-bottom:12pt;text-indent:24.48pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. The Company periodically assesses its portfolio of marketable securities for impairment due to credit losses. The Company evaluates each investment in an unrealized loss position to determine if any portion of the unrealized loss is related to credit losses. In determining whether a credit loss may exist, the Company considers the extent of the unrealized loss position, any adverse conditions specifically related to the security or the issuer’s operating environment, the pay structure of the security, the issuer’s payment history, and any changes in the issuer’s credit rating. Unrealized losses on marketable securities due to expected credit losses are recognized in other expense, net in the accompanying consolidated statements of operations and comprehensive loss. During the years ended December 31, 2023 and 2022, there were no credit losses recorded on marketable securities.</span></div><div style="margin-bottom:12pt;text-indent:24.48pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. As of December 31, 2023 and 2022, the Company's allowance for expected credit losses was $4.8 million and $4.1 million, respectively. No customer represented 10% or more of the consolidated accounts receivable balance as of December 31, 2023 and 2022. No single customer accounted for 10% or more of total revenue for the years ended December 31, 2023, 2022, and 2021.</span></div><div style="margin-bottom:12pt;text-indent:24.48pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company also has receivables related to its materials financing program that financed 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 a number of factors, such as the age of the receivables, historical loss data, and macroeconomic conditions that may affect a customer’s ability to pay.</span></div>
CY2023 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2022 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2023 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2022 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4800000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4100000 usd
CY2023 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
8100000 usd
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1800000 usd
CY2023Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
5700000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3800000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
2100000 usd
CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
3300000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
1900000 usd
CY2021Q4 us-gaap Investments
Investments
7332000 usd
CY2022 pcor Interest Accrued On Available For Sale Debt Securities
InterestAccruedOnAvailableForSaleDebtSecurities
105000 usd
CY2022 pcor Payments To Acquire Strategic Investments
PaymentsToAcquireStrategicInvestments
3959000 usd
CY2022 pcor Conversion Of Securities
ConversionOfSecurities
0 usd
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 segment
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1000000000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
698300000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.70
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
302200000 usd
CY2023 pcor Contract Obtaining Cost Deferred And Recognized Over Expected Benefit Period
ContractObtainingCostDeferredAndRecognizedOverExpectedBenefitPeriod
P4Y
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
64077000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
42919000 usd
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
33052000 usd
CY2023 pcor Capitalized Contract Costs Additions
CapitalizedContractCostsAdditions
37243000 usd
CY2022 pcor Capitalized Contract Costs Additions
CapitalizedContractCostsAdditions
41750000 usd
CY2021 pcor Capitalized Contract Costs Additions
CapitalizedContractCostsAdditions
25978000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
28038000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
20592000 usd
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
16111000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
73282000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
64077000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
42919000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
43100000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
37200000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
27200000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-216000 usd
CY2022 pcor Impairment Losses On Strategic Investments
ImpairmentLossesOnStrategicInvestments
-137000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P4Y
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
320166000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
186000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
191000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
320161000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
286001000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
14000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
522000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
285493000 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
372200000 usd
CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
5500000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
85600000 usd
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2022Q4 us-gaap Investments
Investments
11043000 usd
CY2023 pcor Interest Accrued On Available For Sale Debt Securities
InterestAccruedOnAvailableForSaleDebtSecurities
7000 usd
CY2023 pcor Payments To Acquire Strategic Investments
PaymentsToAcquireStrategicInvestments
764000 usd
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-112000 usd
CY2023 pcor Impairment Losses On Strategic Investments
ImpairmentLossesOnStrategicInvestments
-175000 usd
CY2023Q4 us-gaap Investments
Investments
11527000 usd
CY2022Q4 us-gaap Investments
Investments
11043000 usd
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
362000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
623975000 usd
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
355000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
316048000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
71243000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
65136000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
34985000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
25943000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36258000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39193000 usd
CY2023 us-gaap Depreciation
Depreciation
11800000 usd
CY2022 us-gaap Depreciation
Depreciation
11100000 usd
CY2021 us-gaap Depreciation
Depreciation
7800000 usd
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2672000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2705000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2683000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1953000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2017000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2076000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
14620000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
11526000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
8943000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1344000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
674000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
47000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
4821000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
5667000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
4370000 usd
CY2023 us-gaap Lease Cost
LeaseCost
25410000 usd
CY2022 us-gaap Lease Cost
LeaseCost
22589000 usd
CY2021 us-gaap Lease Cost
LeaseCost
18119000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
44141000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
41934000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10399000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8801000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
37923000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
38087000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
48322000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
46888000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
34375000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
37026000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2019000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1854000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
43581000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
45578000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
45600000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
47432000 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P13Y2M12D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P14Y2M12D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P15Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y7M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0421
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
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0358
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
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11950000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3893000 usd
CY2023Q4 pcor Lessee Operating And Finance Lease Liability Payments Due Next Twelve Months
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
15843000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9982000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4013000 usd
CY2023Q4 pcor Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
13995000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8221000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4126000 usd
CY2023Q4 pcor Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
12347000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7165000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
4288000 usd
CY2023Q4 pcor Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
11453000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6303000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
4426000 usd
CY2023Q4 pcor Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
10729000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
9450000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
39533000 usd
CY2023Q4 pcor Lessee Operating And Finance Lease Liability Payments Due After Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
48983000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
53071000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
60279000 usd
CY2023Q4 pcor Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
113350000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4749000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
14679000 usd
CY2023Q4 pcor Lessee Operating And Finance Lease Liability Imputed Interest
LesseeOperatingAndFinanceLeaseLiabilityImputedInterest
19428000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
48322000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
45600000 usd
CY2023Q4 pcor Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
93922000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5600000 usd
CY2023Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6800000 usd
CY2023Q3 pcor Asset Acquisition Deferred Tax Liability
AssetAcquisitionDeferredTaxLiability
2300000 usd
CY2023 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
2800000 usd
CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
232803000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
98105000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
134698000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P4Y3M18D
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
235651000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
98105000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
137546000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
223480000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60527000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
162953000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y1M6D
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q4 us-gaap Acquired Finite Lived Intangible Asset Residual Value
AcquiredFiniteLivedIntangibleAssetResidualValue
0 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37578000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
38381000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13796000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
38710000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
35267000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
20547000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
19631000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
16557000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3986000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15266964 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
49532246 shares
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.04
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
950010000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
720203000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
514821000 usd
CY2023Q4 pcor Property And Equipment Net And Right Of Use Lease Assets
PropertyAndEquipmentNetAndRightOfUseLeaseAssets
114774000 usd
CY2022Q4 pcor Property And Equipment Net And Right Of Use Lease Assets
PropertyAndEquipmentNetAndRightOfUseLeaseAssets
118153000 usd
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001628280-24-006848-index-headers.html Edgar Link pending
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0001628280-24-006848.txt Edgar Link pending
0001628280-24-006848-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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pcor-20231231.htm Edgar Link pending
pcor-20231231.xsd Edgar Link pending
pcor-20231231_g1.jpg Edgar Link pending
pcor-fy23x10xkxexx103.htm Edgar Link pending
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pcor-20231231_cal.xml Edgar Link unprocessable
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pcor-20231231_htm.xml Edgar Link completed
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report.css Edgar Link pending
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pcor-20231231_def.xml Edgar Link unprocessable