2020 Q4 Form 10-Q Financial Statement

#000101385720000039 Filed on October 28, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $298.6M $226.0M $276.5M
YoY Change 7.98% 4.27% 7.87%
Cost Of Revenue $76.90M $77.80M $77.60M
YoY Change -0.9% -3.83% -0.39%
Gross Profit $221.7M $148.2M $198.9M
YoY Change 11.44% 9.09% 11.48%
Gross Profit Margin 74.25% 65.57% 71.94%
Selling, General & Admin $159.9M $150.0M $141.1M
YoY Change 13.32% 15.28% 28.86%
% of Gross Profit 72.12% 101.22% 70.93%
Research & Development $59.40M $60.02M $52.40M
YoY Change 13.36% 14.35% 12.93%
% of Gross Profit 26.79% 40.52% 26.34%
Depreciation & Amortization $5.600M $5.600M -$29.20M
YoY Change -119.18% -66.67% -542.42%
% of Gross Profit 2.53% 3.78% -14.68%
Operating Expenses $227.6M $210.0M $200.7M
YoY Change 13.4% 15.01% 23.13%
Operating Profit -$5.900M -$61.83M -$1.745M
YoY Change 238.11% 32.21% -111.29%
Interest Expense -$4.300M $5.956M $1.200M
YoY Change -458.33% 14080.95% -52.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0%
Pretax Income $1.700M -$44.32M -$300.0K
YoY Change -666.67% -7.39% -101.68%
Income Tax -$2.300M -$25.05M -$1.300M
% Of Pretax Income -135.29%
Net Earnings $4.000M -$19.27M $918.0K
YoY Change 335.73% -36.49% -94.41%
Net Earnings / Revenue 1.34% -8.53% 0.33%
Basic Earnings Per Share -$0.24 $0.01
Diluted Earnings Per Share $49.50K -$0.24 $0.01
COMMON SHARES
Basic Shares Outstanding 80.70M shares 80.54M shares 79.33M shares
Diluted Shares Outstanding 80.54M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $465.2M $468.0M $68.40M
YoY Change 580.12% 315.63% -67.02%
Cash & Equivalents $171.9M $281.2M $68.36M
Short-Term Investments $293.3M $186.8M $0.00
Other Short-Term Assets $88.76M $89.41M $57.31M
YoY Change 54.88% 53.61% 15.34%
Inventory
Prepaid Expenses
Receivables $215.8M $138.0M $199.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $976.9M $904.2M $505.6M
YoY Change 93.21% 93.98% -17.2%
LONG-TERM ASSETS
Property, Plant & Equipment $40.40M $34.28M
YoY Change 17.84% -6.42%
Goodwill $79.23M $78.86M $79.04M
YoY Change 0.24% 0.0% 8.48%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $434.8M $395.8M $278.4M
YoY Change 56.18% 59.55% 88.35%
Total Long-Term Assets $627.4M $583.1M $479.2M
YoY Change 30.92% 29.32% 28.85%
TOTAL ASSETS
Total Short-Term Assets $976.9M $904.2M $505.6M
Total Long-Term Assets $627.4M $583.1M $479.2M
Total Assets $1.604B $1.487B $984.8M
YoY Change 62.9% 62.19% 0.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.03M $20.44M $17.48M
YoY Change 37.5% 32.45% 5.99%
Accrued Expenses $59.26M $43.45M $48.00M
YoY Change 23.46% 4.64% 11.26%
Deferred Revenue $232.9M $181.7M $190.1M
YoY Change 22.51% 2.67%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $460.1M $356.3M $378.0M
YoY Change 21.74% 11.04% 13.91%
LONG-TERM LIABILITIES
Long-Term Debt $518.2M $513.8M $0.00
YoY Change
Other Long-Term Liabilities $24.70M $25.35M $15.24M
YoY Change 62.1% 143.87% -47.84%
Total Long-Term Liabilities $24.70M $25.35M $15.24M
YoY Change 62.1% 143.87% -47.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $460.1M $356.3M $378.0M
Total Long-Term Liabilities $24.70M $25.35M $15.24M
Total Liabilities $1.062B $958.0M $445.8M
YoY Change 138.24% 146.79% 23.48%
SHAREHOLDERS EQUITY
Retained Earnings $339.9M $338.3M $410.9M
YoY Change -17.29% -17.97% -19.56%
Common Stock $205.2M $202.7M $141.3M
YoY Change 45.23% 55.49% 13.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $542.2M $529.3M $539.0M
YoY Change
Total Liabilities & Shareholders Equity $1.604B $1.487B $984.8M
YoY Change 62.9% 62.19% 0.23%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $4.000M -$19.27M $918.0K
YoY Change 335.73% -36.49% -94.41%
Depreciation, Depletion And Amortization $5.600M $5.600M -$29.20M
YoY Change -119.18% -66.67% -542.42%
Cash From Operating Activities $25.70M -$5.100M -$28.70M
YoY Change -189.55% -75.94% -176.94%
INVESTING ACTIVITIES
Capital Expenditures -$3.600M -$2.700M -$4.200M
YoY Change -14.29% 80.0% -12.5%
Acquisitions
YoY Change
Other Investing Activities -$107.4M -$188.6M $20.80M
YoY Change -616.35% -598.94% 235.48%
Cash From Investing Activities -$111.0M -$191.3M $16.70M
YoY Change -764.67% -628.45% 1092.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.20M -35.70M -12.40M
YoY Change 111.29% 104.0% -58.39%
NET CHANGE
Cash From Operating Activities 25.70M -5.100M -28.70M
Cash From Investing Activities -111.0M -191.3M 16.70M
Cash From Financing Activities -26.20M -35.70M -12.40M
Net Change In Cash -111.5M -232.1M -24.40M
YoY Change 356.97% 9184.0% -374.16%
FREE CASH FLOW
Cash From Operating Activities $25.70M -$5.100M -$28.70M
Capital Expenditures -$3.600M -$2.700M -$4.200M
Free Cash Flow $29.30M -$2.400M -$24.50M
YoY Change -219.59% -87.82% -158.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Depreciation Depletion And Amortization
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CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q3 us-gaap Available For Sale Securities Debt Securities
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CY2019Q4 pega Accounts Receivable And Unbilled Receivable
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39281000 USD
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CY2020Q3 pega Unbilled Receivables Not Billable Contract Date Year Three
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CY2020Q3 pega Unbilled Receivables Not Billable Contract Date Year Four And Prior
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CY2020Q3 us-gaap Contract With Customer Asset Net
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CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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71716000 USD
CY2019Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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CY2020Q3 us-gaap Available For Sale Securities Debt Securities
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CY2019Q4 us-gaap Available For Sale Securities Debt Securities
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CY2020Q3 us-gaap Derivative Liabilities
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CY2019Q4 us-gaap Derivative Liabilities
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225951000 USD
CY2020Q1 us-gaap Convertible Debt Fair Value Disclosures
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515900000 USD
CY2020Q3 us-gaap Convertible Debt Fair Value Disclosures
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680000000 USD
CY2020Q3 us-gaap Concentration Risk Percentage1
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1
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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216703000 USD
CY2019Q3 us-gaap Concentration Risk Percentage1
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1
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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718917000 USD
us-gaap Concentration Risk Percentage1
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1
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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634841000 USD
us-gaap Concentration Risk Percentage1
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1
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RevenueFromContractWithCustomerExcludingAssessedTax
225951000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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216703000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
718917000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
634841000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
225951000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
216703000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
634841000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
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837990000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation Percentage
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1
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
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608583000 USD
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1
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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15293000 USD
CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
27925000 USD
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
21846000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
76755000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
60242000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5604000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4430000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
12226000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
115000000.0 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-25053000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17520000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-61182000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-43158000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.48
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.32
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-19267000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-30338000 USD
us-gaap Net Income Loss
NetIncomeLoss
-65379000 USD
us-gaap Net Income Loss
NetIncomeLoss
-91351000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80537000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80191000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78928000 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.16
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-19267000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-30338000 USD
us-gaap Net Income Loss
NetIncomeLoss
-65379000 USD
us-gaap Net Income Loss
NetIncomeLoss
-91351000 USD
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80537000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80191000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78928000 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.16
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6622000 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5953000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6166000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5923000 shares

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