2019 Q4 Form 10-K Financial Statement

#000181001921000038 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018
Revenue $627.1M $604.2M $2.453B
YoY Change 3.79% 14.37%
Cost Of Revenue $372.7M $368.6M $1.446B
YoY Change 1.11% 6.76%
Gross Profit $254.4M $235.6M $1.007B
YoY Change 7.98% 27.38%
Gross Profit Margin 40.57% 38.99% 41.06%
Selling, General & Admin $231.8M $239.5M $949.3M
YoY Change -3.22% 0.75%
% of Gross Profit 91.12% 101.66% 94.26%
Research & Development $74.70M
YoY Change
% of Gross Profit 7.42%
Depreciation & Amortization $362.4M $611.0M
YoY Change -19.38%
% of Gross Profit 142.45% 60.67%
Operating Expenses $231.8M $239.5M $1.024B
YoY Change -3.22% 8.68%
Operating Profit $22.60M -$3.900M -$237.2M
YoY Change -679.49% 56.46%
Interest Expense -$81.10M -$95.70M $281.1M
YoY Change -15.26% -247.95%
% of Operating Profit -358.85%
Other Income/Expense, Net -$2.100M $3.800M -$263.3M
YoY Change -155.26% 3458.11%
Pretax Income -$60.30M -$390.3M -$500.5M
YoY Change -84.55% 38.76%
Income Tax -$13.50M -$15.90M -$29.90M
% Of Pretax Income
Net Earnings -$46.80M -$374.4M -$470.6M
YoY Change -87.5% 685.64%
Net Earnings / Revenue -7.46% -61.97% -19.19%
Basic Earnings Per Share
Diluted Earnings Per Share -$235.1K -$1.880M -$2.364M
COMMON SHARES
Basic Shares Outstanding 165.2M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $254.3M
YoY Change
Cash & Equivalents $83.80M $254.3M $254.3M
Short-Term Investments
Other Short-Term Assets $33.40M $92.10M
YoY Change
Inventory
Prepaid Expenses $76.20M
Receivables $350.3M $267.9M
Other Receivables $0.00
Total Short-Term Assets $543.7M $614.3M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $927.0M
YoY Change
Goodwill $2.746B $2.475B
YoY Change 10.95%
Intangibles $1.817B
YoY Change
Long-Term Investments
YoY Change
Other Assets $129.4M $158.8M
YoY Change
Total Long-Term Assets $5.729B $5.497B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $543.7M $614.3M
Total Long-Term Assets $5.729B $5.497B
Total Assets $6.272B $6.111B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $233.5M
YoY Change
Accrued Expenses $169.3M
YoY Change
Deferred Revenue $66.60M
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $29.00M $77.00M
YoY Change
Total Short-Term Liabilities $671.9M $565.5M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $3.844B $4.222B
YoY Change
Other Long-Term Liabilities $99.20M $53.80M
YoY Change
Total Long-Term Liabilities $3.944B $4.276B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $671.9M $565.5M
Total Long-Term Liabilities $3.944B $4.276B
Total Liabilities $5.374B $5.204B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$717.5M
YoY Change
Common Stock $1.600M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $898.8M $907.8M $907.8M
YoY Change
Total Liabilities & Shareholders Equity $6.272B $6.111B
YoY Change

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018
OPERATING ACTIVITIES
Net Income -$46.80M -$374.4M -$470.6M
YoY Change -87.5% 685.64%
Depreciation, Depletion And Amortization $362.4M $611.0M
YoY Change -19.38%
Cash From Operating Activities $269.8M $429.8M
YoY Change 47.34%
INVESTING ACTIVITIES
Capital Expenditures -$137.0M $294.3M
YoY Change -255.3%
Acquisitions $65.30M
YoY Change
Other Investing Activities -$205.7M -$2.400M
YoY Change -99.77%
Cash From Investing Activities -$342.7M -$348.3M
YoY Change -71.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$3.200M
YoY Change -132.99%
Debt Paid & Issued, Net $30.90M
YoY Change
Cash From Financing Activities -37.90M -$53.70M
YoY Change -106.19%
NET CHANGE
Cash From Operating Activities 269.8M $429.8M
Cash From Investing Activities -342.7M -$348.3M
Cash From Financing Activities -37.90M -$53.70M
Net Change In Cash -110.8M $23.30M
YoY Change -134.78%
FREE CASH FLOW
Cash From Operating Activities $269.8M $429.8M
Capital Expenditures -$137.0M $294.3M
Free Cash Flow $406.8M $135.5M
YoY Change -71.84%

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CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
500000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
9800000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-71500000 USD
CY2018 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
4600000 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-54000000.0 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2300000 USD
CY2018 us-gaap Gain Loss On Investments
GainLossOnInvestments
4600000 USD
CY2019 us-gaap Gain Loss On Investments
GainLossOnInvestments
99500000 USD
CY2020 us-gaap Gain Loss On Investments
GainLossOnInvestments
700000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
12600000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17800000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
24700000 USD
CY2018 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
18000000.0 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
18300000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
18000000.0 USD
CY2018 us-gaap Other Noncash Income Expense
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-300000 USD
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
400000 USD
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1400000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
32300000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
42200000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
156000000.0 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1400000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10200000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
58000000.0 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
51200000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-32700000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7400000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9800000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11600000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9900000 USD
CY2018 rxt Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
0 USD
CY2019 rxt Increase Decrease In Operating Lease Liabilities
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-78100000 USD
CY2020 rxt Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-58000000.0 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
49500000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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-12500000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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15600000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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429800000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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292900000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
116700000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
294300000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
198000000.0 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
116500000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
65300000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
316100000 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
9500000 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
100000 USD
CY2019 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
16800000 USD
CY2020 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2018 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
8800000 USD
CY2019 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
109500000 USD
CY2020 us-gaap Proceeds From Sale Of Other Investments
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900000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2400000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1300000 USD
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3300000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-348300000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-386500000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-128400000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3200000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
657800000 USD
CY2018 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 USD
CY2019 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 USD
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
31100000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1100000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2100000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2200000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018 rxt Payments Used To Settle Share Based Payment Award
PaymentsUsedToSettleShareBasedPaymentAward
0 USD
CY2019 rxt Payments Used To Settle Share Based Payment Award
PaymentsUsedToSettleShareBasedPaymentAward
1500000 USD
CY2020 rxt Payments Used To Settle Share Based Payment Award
PaymentsUsedToSettleShareBasedPaymentAward
0 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
225000000.0 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
860000000.0 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
30900000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
320000000.0 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1450600000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
8800000 USD
CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
21000000.0 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
19900000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
24000000.0 USD
CY2018 rxt Proceeds From Financing Obligations
ProceedsFromFinancingObligations
0 USD
CY2019 rxt Proceeds From Financing Obligations
ProceedsFromFinancingObligations
62600000 USD
CY2020 rxt Proceeds From Financing Obligations
ProceedsFromFinancingObligations
20900000 USD
CY2018 rxt Repayments Of Financing Obligations
RepaymentsOfFinancingObligations
5000000.0 USD
CY2019 rxt Repayments Of Financing Obligations
RepaymentsOfFinancingObligations
22100000 USD
CY2020 rxt Repayments Of Financing Obligations
RepaymentsOfFinancingObligations
54400000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-53700000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-79200000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29900000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-4500000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1700000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2800000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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23300000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-171100000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21000000.0 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234900000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258200000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
87100000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258200000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
87100000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108100000 USD
CY2018 us-gaap Interest Paid Net
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262500000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
265300000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
262800000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13900000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7200000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15600000 USD
CY2018 rxt Capital Expenditures Acquired By Capital Leases
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300000 USD
CY2019 rxt Capital Expenditures Acquired By Capital Leases
CapitalExpendituresAcquiredByCapitalLeases
0 USD
CY2020 rxt Capital Expenditures Acquired By Capital Leases
CapitalExpendituresAcquiredByCapitalLeases
0 USD
CY2018 rxt Capital Expenditures Acquired By Finance Leases
CapitalExpendituresAcquiredByFinanceLeases
0 USD
CY2019 rxt Capital Expenditures Acquired By Finance Leases
CapitalExpendituresAcquiredByFinanceLeases
12600000 USD
CY2020 rxt Capital Expenditures Acquired By Finance Leases
CapitalExpendituresAcquiredByFinanceLeases
93700000 USD
CY2018 rxt Capital Expenditures Acquired By Financing Obligations
CapitalExpendituresAcquiredByFinancingObligations
0 USD
CY2019 rxt Capital Expenditures Acquired By Financing Obligations
CapitalExpendituresAcquiredByFinancingObligations
3100000 USD
CY2020 rxt Non Cash Increase In Buildings Within Property Equipment Net And Software Due To Lease Modification
NonCashIncreaseInBuildingsWithinPropertyEquipmentNetAndSoftwareDueToLeaseModification
220300000 USD
CY2020 rxt Capital Expenditures Acquired By Financing Obligations
CapitalExpendituresAcquiredByFinancingObligations
27800000 USD
CY2018 rxt Increase Decrease In Accrued Liabilities For Capital Expenditures
IncreaseDecreaseInAccruedLiabilitiesForCapitalExpenditures
53500000 USD
CY2019 rxt Increase Decrease In Accrued Liabilities For Capital Expenditures
IncreaseDecreaseInAccruedLiabilitiesForCapitalExpenditures
-4000000.0 USD
CY2020 rxt Increase Decrease In Accrued Liabilities For Capital Expenditures
IncreaseDecreaseInAccruedLiabilitiesForCapitalExpenditures
-13400000 USD
CY2018 rxt Noncash Purchase Of Capital Expenditures
NoncashPurchaseOfCapitalExpenditures
53800000 USD
CY2019 rxt Noncash Purchase Of Capital Expenditures
NoncashPurchaseOfCapitalExpenditures
11700000 USD
CY2020 rxt Noncash Purchase Of Capital Expenditures
NoncashPurchaseOfCapitalExpenditures
108100000 USD
CY2018 rxt Non Cash Increase In Buildings Within Property Equipment Net And Software Due To Lease Modification
NonCashIncreaseInBuildingsWithinPropertyEquipmentNetAndSoftwareDueToLeaseModification
0 USD
CY2019 rxt Non Cash Increase In Buildings Within Property Equipment Net And Software Due To Lease Modification
NonCashIncreaseInBuildingsWithinPropertyEquipmentNetAndSoftwareDueToLeaseModification
0 USD
CY2018Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
0 USD
CY2019Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
0 USD
CY2020Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
600000 USD
CY2018 rxt Other Non Cash Investing And Financing Activities
OtherNonCashInvestingAndFinancingActivities
2500000 USD
CY2019 rxt Other Non Cash Investing And Financing Activities
OtherNonCashInvestingAndFinancingActivities
1200000 USD
CY2020 rxt Other Non Cash Investing And Financing Activities
OtherNonCashInvestingAndFinancingActivities
2300000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1100000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
254300000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
83800000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
104700000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3900000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3300000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3400000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258200000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
87100000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108100000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1373000000.0 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3200000 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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20000000.0 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-470600000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-470600000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-17800000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
907800000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2200000 USD
CY2019 rxt Adjustments To Additional Paid In Capital Cash Used To Settle Share Based Awards
AdjustmentsToAdditionalPaidInCapitalCashUsedToSettleShareBasedAwards
-1500000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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30200000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-102300000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12000000.0 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
898800000 USD
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
657800000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
23400000 USD
CY2020 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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5600000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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74500000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-245800000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-30600000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1383700000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1383700000 USD
CY2020Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
12
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1000000.0 USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses, and related disclosures of contingent assets and liabilities in the consolidated financial statements and accompanying notes. On an ongoing basis, we evaluate our estimates, including those related to the allowance for doubtful accounts, useful lives of property, equipment and software, software capitalization, incremental borrowing rates for lease liability measurement, fair values of intangible assets and reporting units, useful lives of intangible assets, share-based compensation, contingencies, and income taxes, among others. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from our estimates.
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
3300000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
3400000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1200000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
800000 USD
CY2020 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
Long-lived assets, including operating and finance lease assets (see "Leases" below for more information) are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets is measured at the asset group level. If the carrying amount of an asset group exceeds its estimated undiscounted future cash flows, then an impairment charge is recognized in the amount that an asset group’s carrying amount exceeds its fair value.
CY2020 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reportingUnit
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
295000000.0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 rxt Expected Service Delivery Period
ExpectedServiceDeliveryPeriod
P30M
CY2018 us-gaap Advertising Expense
AdvertisingExpense
41900000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
39900000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
42500000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
74700000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
56000000.0 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36700000 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
295000000.0 USD
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current period presentation. Specifically, the non-current portion of "Finance lease liabilities" is now presented separately from "Other non-current liabilities" in the Consolidated Balance Sheets. This presentation change is due to the modification of certain leases in June 2020 which resulted in a change of classification from operating leases to finance leases, increasing the balance of the non-current portion of "Finance lease liabilities."
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
350300000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
483000000.0 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
7800000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
12200000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
7200000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
13900000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
66600000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
76700000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
14200000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
14200000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
17000000.0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
28300000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5600000 USD
CY2018 rxt Accounts Receivable Allowance For Credit Loss Additions
AccountsReceivableAllowanceForCreditLossAdditions
12700000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
13400000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.60
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
16200000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
35100000 USD
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
10800000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7500000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7500000 USD
CY2019 rxt Accounts Receivable Allowance For Credit Loss Additions
AccountsReceivableAllowanceForCreditLossAdditions
13300000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
11300000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9500000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9500000 USD
CY2020 rxt Accounts Receivable Allowance For Credit Loss Additions
AccountsReceivableAllowanceForCreditLossAdditions
20100000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
47600000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
59500000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
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922900000 USD
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21300000 shares
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3500000 USD
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14800000 USD
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3500000 USD
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