2019 Q1 Form 10-K Financial Statement

#000091727320000005 Filed on February 26, 2020

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q3
Revenue $48.38M $68.56M $59.75M
YoY Change 4.22% -32.71% -39.72%
Cost Of Revenue $11.20M $10.60M $5.952M
YoY Change -7.62% -41.11% -58.83%
Gross Profit $37.19M $58.00M $53.80M
YoY Change 8.4% -30.87% -36.46%
Gross Profit Margin 76.86% 84.59% 90.04%
Selling, General & Admin $26.52M $24.80M $24.46M
YoY Change -12.18% -13.89% -8.72%
% of Gross Profit 71.32% 42.76% 45.47%
Research & Development $40.62M $37.40M $43.13M
YoY Change 1.25% -5.08% 19.16%
% of Gross Profit 109.23% 64.48% 80.17%
Depreciation & Amortization $4.809M $7.500M $7.700M
YoY Change 63.46% -46.04% -44.2%
% of Gross Profit 12.93% 12.93% 14.31%
Operating Expenses $68.60M $62.20M $67.59M
YoY Change -2.45% -8.93% 7.3%
Operating Profit -$31.41M -$4.200M -$19.17M
YoY Change -27.98% -126.72% -212.68%
Interest Expense $2.271M $4.000M $3.976M
YoY Change -48.63% -229.03% 20.96%
% of Operating Profit
Other Income/Expense, Net $5.142M $4.032M
YoY Change 9.52% -230.95%
Pretax Income -$26.27M -$200.0K -$15.14M
YoY Change -32.51% -101.72% -208.64%
Income Tax $300.0K $1.800M $89.80M
% Of Pretax Income
Net Earnings -$26.58M -$2.018M -$104.9M
YoY Change -25.53% -94.42% -1463.13%
Net Earnings / Revenue -54.93% -2.94% -175.54%
Basic Earnings Per Share -$0.24 -$0.97
Diluted Earnings Per Share -$0.24 -$18.38K -$0.97
COMMON SHARES
Basic Shares Outstanding 109.7M shares 108.8M shares 107.9M shares
Diluted Shares Outstanding 109.7M shares 108.8M shares 107.9M shares

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $305.9M $277.8M $248.2M
YoY Change 5.05% -15.66% 35.19%
Cash & Equivalents $143.0M $115.9M $134.5M
Short-Term Investments $162.9M $161.8M $113.6M
Other Short-Term Assets $16.90M $15.70M $14.40M
YoY Change 0.6% 38.94% 30.91%
Inventory $8.192M $6.772M $6.272M
Prepaid Expenses
Receivables $43.81M $50.86M $42.67M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $545.0M $527.8M $476.0M
YoY Change 8.62% 41.97% 90.84%
LONG-TERM ASSETS
Property, Plant & Equipment $22.64M $57.03M $49.17M
YoY Change -53.22% 5.02% -9.0%
Goodwill $207.8M $207.2M $208.1M
YoY Change -1.67% -1.18% -0.57%
Intangibles $55.51M $59.94M $65.41M
YoY Change -32.38% -34.65% -36.21%
Long-Term Investments $3.200M $3.300M
YoY Change
Other Assets $7.419M $7.825M $5.879M
YoY Change 64.61% 72.24% 157.51%
Total Long-Term Assets $776.4M $833.4M $867.9M
YoY Change -25.19% 60.48% 51.03%
TOTAL ASSETS
Total Short-Term Assets $545.0M $527.8M $476.0M
Total Long-Term Assets $776.4M $833.4M $867.9M
Total Assets $1.321B $1.361B $1.344B
YoY Change -14.17% 52.75% 63.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.274M $7.392M $8.572M
YoY Change 16.86% -23.11% 22.18%
Accrued Expenses $23.00M $16.90M $14.40M
YoY Change 53.33% -1.17% 17.07%
Deferred Revenue $15.77M $19.37M $12.73M
YoY Change 688.7% 6.03%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $69.28M $69.29M $59.38M
YoY Change -52.5% -47.84% -67.51%
LONG-TERM LIABILITIES
Long-Term Debt $143.6M $178.2M $176.8M
YoY Change -17.52% 3.18% 371.47%
Other Long-Term Liabilities $22.97M $5.287M $18.04M
YoY Change 164.81% 592.92% 25.44%
Total Long-Term Liabilities $22.97M $5.287M $18.04M
YoY Change 164.81% 592.92% 25.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.28M $69.29M $59.38M
Total Long-Term Liabilities $22.97M $5.287M $18.04M
Total Liabilities $321.5M $349.0M $335.7M
YoY Change -23.56% 9.25% 43.08%
SHAREHOLDERS EQUITY
Retained Earnings $4.500M -$204.3M -$202.3M
YoY Change -99.28% -67.89% -65.88%
Common Stock $1.235B $1.227B $1.219B
YoY Change 3.23% 1.14% 2.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $999.9M $1.012B $1.008B
YoY Change
Total Liabilities & Shareholders Equity $1.321B $1.361B $1.344B
YoY Change -14.17% 52.75% 63.08%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$26.58M -$2.018M -$104.9M
YoY Change -25.53% -94.42% -1463.13%
Depreciation, Depletion And Amortization $4.809M $7.500M $7.700M
YoY Change 63.46% -46.04% -44.2%
Cash From Operating Activities $28.76M $35.00M $31.70M
YoY Change 71.2% -41.28% 107.19%
INVESTING ACTIVITIES
Capital Expenditures $664.0K -$3.300M -$2.500M
YoY Change -60.66% -15.38% 19.05%
Acquisitions
YoY Change
Other Investing Activities -$800.0K -$50.90M -$63.70M
YoY Change -98.77% -50.34%
Cash From Investing Activities -$1.493M -$54.10M -$66.30M
YoY Change -97.76% -49.2% 3215.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$170.0K 1.000M -78.80M
YoY Change -99.69% -98.89% -5353.33%
NET CHANGE
Cash From Operating Activities $28.76M 35.00M 31.70M
Cash From Investing Activities -$1.493M -54.10M -66.30M
Cash From Financing Activities -$170.0K 1.000M -78.80M
Net Change In Cash $27.10M -18.10M -113.4M
YoY Change -126.06% -142.19% -866.22%
FREE CASH FLOW
Cash From Operating Activities $28.76M $35.00M $31.70M
Capital Expenditures $664.0K -$3.300M -$2.500M
Free Cash Flow $28.10M $38.30M $34.20M
YoY Change 85.93% -39.69% 96.55%

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CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019 us-gaap Net Income Loss
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2019 us-gaap Marketable Securities Unrealized Gain Loss
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54000 USD
CY2018 us-gaap Marketable Securities Unrealized Gain Loss
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CY2017 us-gaap Marketable Securities Unrealized Gain Loss
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613000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
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CY2018 us-gaap Comprehensive Income Net Of Tax
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CY2017 us-gaap Comprehensive Income Net Of Tax
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7798000 USD
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613000 USD
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27403000 USD
CY2017 rmbs Adjustmentsto Additional Paidin Capital Purchaseofconvertiblenotehedges
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33523000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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23173000 USD
CY2017 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Net Income
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CY2018 us-gaap Marketable Securities Unrealized Gain Loss
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-747000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
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4630000 USD
CY2018 rmbs Upfront Payment Related Fees Under Accelerated Stock Repurchase Program
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50033000 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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21736000 USD
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10145000 USD
CY2019 us-gaap Marketable Securities Unrealized Gain Loss
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54000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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8081000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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26476000 USD
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CY2018 us-gaap Net Income Loss
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CY2017 us-gaap Net Income Loss
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-22862000 USD
CY2019 us-gaap Share Based Compensation
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26476000 USD
CY2018 us-gaap Share Based Compensation
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21736000 USD
CY2017 us-gaap Share Based Compensation
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27403000 USD
CY2019 rmbs Depreciationandamortizationofoperatingleasesrightofuseassets
Depreciationandamortizationofoperatingleasesrightofuseassets
23507000 USD
CY2018 rmbs Depreciationandamortizationofoperatingleasesrightofuseassets
Depreciationandamortizationofoperatingleasesrightofuseassets
10745000 USD
CY2017 rmbs Depreciationandamortizationofoperatingleasesrightofuseassets
Depreciationandamortizationofoperatingleasesrightofuseassets
13275000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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17058000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29341000 USD
CY2017 us-gaap Amortization Of Intangible Assets
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41962000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
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6854000 USD
CY2018 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
9243000 USD
CY2017 us-gaap Amortization Of Financing Costs And Discounts
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7578000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1816000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
79954000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
39535000 USD
CY2019 us-gaap Restructuring Costs
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0 USD
CY2018 us-gaap Restructuring Costs
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670000 USD
CY2017 us-gaap Restructuring Costs
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0 USD
CY2019 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-7439000 USD
CY2018 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 USD
CY2017 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 USD
CY2019 us-gaap Gain Loss On Sale Of Other Assets
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0 USD
CY2018 us-gaap Gain Loss On Sale Of Other Assets
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1266000 USD
CY2017 us-gaap Gain Loss On Sale Of Other Assets
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0 USD
CY2019 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
0 USD
CY2018 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
291000 USD
CY2017 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
0 USD
CY2019 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
-696000 USD
CY2018 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
-67000 USD
CY2017 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
0 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-157000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-395000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-227000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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-4994000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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24933000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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1110000 USD
CY2019 us-gaap Increase Decrease In Unbilled Receivables
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-151513000 USD
CY2018 us-gaap Increase Decrease In Unbilled Receivables
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-145164000 USD
CY2017 us-gaap Increase Decrease In Unbilled Receivables
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0 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-4064000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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4084000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4354000 USD
CY2019 us-gaap Increase Decrease In Inventories
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3353000 USD
CY2018 us-gaap Increase Decrease In Inventories
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1856000 USD
CY2017 us-gaap Increase Decrease In Inventories
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-473000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
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2934000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
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-2268000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-651000 USD
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7135000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3221000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
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4703000 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-15925000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-14550000 USD
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
861000 USD
CY2019 us-gaap Increase Decrease In Deferred Revenue
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-3497000 USD
CY2018 us-gaap Increase Decrease In Deferred Revenue
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228000 USD
CY2017 us-gaap Increase Decrease In Deferred Revenue
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607000 USD
CY2019 rmbs Increasedecreaseinoperatingleaseliabilities
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9282000 USD
CY2018 rmbs Increasedecreaseinoperatingleaseliabilities
Increasedecreaseinoperatingleaseliabilities
0 USD
CY2017 rmbs Increasedecreaseinoperatingleaseliabilities
Increasedecreaseinoperatingleaseliabilities
0 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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128535000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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87117000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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117437000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6472000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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10762000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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9385000 USD
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
350000 USD
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
120000 USD
CY2019 us-gaap Payments To Acquire Available For Sale Securities
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657433000 USD
CY2018 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
282117000 USD
CY2017 us-gaap Payments To Acquire Available For Sale Securities
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102497000 USD
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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507385000 USD
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
223079000 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
32048000 USD
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
6758000 USD
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
4450000 USD
CY2019 us-gaap Proceeds From Sale Of Productive Assets
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29000 USD
CY2018 us-gaap Proceeds From Sale Of Productive Assets
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10000 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
33000 USD
CY2019 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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76039000 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
CY2019 us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
0 USD
CY2018 us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
3754000 USD
CY2017 us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
0 USD
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
0 USD
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
1350000 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
0 USD
CY2019 us-gaap Payments To Acquire Investments
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1000000 USD
CY2018 us-gaap Payments To Acquire Investments
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3000000 USD
CY2017 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
66780000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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-141474000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-75471000 USD
CY2019 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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172500000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3277000 USD
CY2019 us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
0 USD
CY2018 us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
0 USD
CY2017 us-gaap Payments For Hedge Financing Activities
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33523000 USD
CY2019 us-gaap Proceeds From Issuance Of Warrants
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 USD
CY2017 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
23173000 USD
CY2019 us-gaap Repayments Of Senior Debt
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0 USD
CY2018 us-gaap Repayments Of Senior Debt
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81207000 USD
CY2017 us-gaap Repayments Of Senior Debt
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72257000 USD
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
15104000 USD
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
11402000 USD
CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
15826000 USD
CY2019 rmbs Payments Under Installment
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8379000 USD
CY2018 rmbs Payments Under Installment
PaymentsUnderInstallment
0 USD
CY2017 rmbs Payments Under Installment
PaymentsUnderInstallment
0 USD
CY2019 rmbs Principal Payments Against Lease Financing Obligation
PrincipalPaymentsAgainstLeaseFinancingObligation
0 USD
CY2018 rmbs Principal Payments Against Lease Financing Obligation
PrincipalPaymentsAgainstLeaseFinancingObligation
1080000 USD
CY2017 rmbs Principal Payments Against Lease Financing Obligation
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860000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
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50033000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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50038000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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7023000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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6766000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5099000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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-298000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-127684000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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46445000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-497000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-989000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
2139000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-13734000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-109592000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
90550000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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116252000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
225844000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
135294000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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102518000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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116252000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
225844000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
2372000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
3044000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
1553000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17835000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
23581000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
22733000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
29844000 USD
CY2018 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
8225000 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
1092000 USD
CY2019 us-gaap Nature Of Operations
NatureOfOperations
Formation and Business of the Company<div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Rambus Inc. (the “Company” or “Rambus”) was incorporated in California in March 1990 and reincorporated in Delaware in March 1997. In addition to licensing, the Company is creating new business opportunities through offering products and services where its goal is to perpetuate strong company operating performance and long-term stockholder value. The Company generates revenue by licensing its inventions and solutions, selling its semiconductor products and providing services to market-leading companies.</span></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Rambus is a premier Silicon IP and Chip provider, delivering high-speed interface and embedded security solutions to make data faster and safer. With 30 years of innovation, the Company continues to develop and license the foundational technology essential to all modern system on chips (SoCs) and computing systems. The Company delivers a broad range of semiconductor solutions including architecture licenses, high-speed physical and digital controller Interface IP cores, Security IP cores and protocols, and memory interface Chips.</span></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with generally accepted accounting principles 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2019 us-gaap Reclassifications
Reclassifications
<div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain prior year balances were reclassified to conform to the current year’s presentation. None of these reclassifications had an impact on reported net income or cash flows for any of the periods presented.</span></div>
CY2019 rmbs Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Specific Date
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CY2019 us-gaap Concentration Risk Credit Risk
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<div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Credit Concentration</span></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As of </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2018</span><span style="font-family:inherit;font-size:10pt;">, the Company’s cash, cash equivalents and marketable securities were invested with various financial institutions in the form of corporate notes, bonds and commercial paper, money market funds, U.S. Treasuries, U.S. Government Agencies, and municipal bonds and notes. The Company’s exposure to market risk for changes in interest rates relates primarily to its investment portfolio. The Company places its investments with high credit issuers and, by investment policy, attempts to limit the amount of credit exposure to any one issuer. As stated in the Company’s investment policy, it will ensure the safety and preservation of the Company’s invested funds by limiting default risk and market risk. The Company has no investments denominated in foreign country currencies and therefore is not subject to foreign exchange risk from these assets.</span></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company mitigates default risk by investing in high credit quality securities and by positioning its portfolio to respond appropriately to a significant reduction in a credit rating of any investment issuer or guarantor. The portfolio includes only marketable securities with active secondary or resale markets to enable portfolio liquidity.</span></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The</span><span style="font-family:inherit;font-size:10pt;color:#222222;"> Company’s note hedge transactions, entered into in connection with the 1.375% convertible senior notes due 2023 (the “2023 Notes”), expose the Company to credit risk to the extent that its counterparties may be unable to meet the terms of the transactions. The Company mitigates this risk by limiting its counterparties to major financial institutions. </span><span style="font-family:inherit;font-size:10pt;">Refer to Note 12, “Convertible Notes” for further details.</span></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company’s accounts receivable are derived from revenue earned from customers located in the U.S. and internationally. Refer to Note 7, “Segments and Major Customers” for further details.</span></div>
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109358000 shares

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