2021 Q1 Form 10-Q Financial Statement

#000181001921000082 Filed on May 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $725.9M $652.7M
YoY Change 11.21% 7.55%
Cost Of Revenue $490.6M $403.4M
YoY Change 21.62% 13.31%
Gross Profit $235.3M $249.3M
YoY Change -5.62% -0.64%
Gross Profit Margin 32.41% 38.2%
Selling, General & Admin $231.0M $227.8M
YoY Change 1.4% -1.68%
% of Gross Profit 98.17% 91.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $108.5M $121.3M
YoY Change -10.55% -9.21%
% of Gross Profit 46.11% 48.66%
Operating Expenses $231.0M $227.8M
YoY Change 1.4% -1.68%
Operating Profit $24.20M $21.50M
YoY Change 12.56% 11.98%
Interest Expense $52.60M $72.00M
YoY Change -26.94% -180.99%
% of Operating Profit 217.36% 334.88%
Other Income/Expense, Net -$95.10M -$72.70M
YoY Change 30.81% 1717.5%
Pretax Income -$70.90M -$51.20M
YoY Change 38.48% -23.7%
Income Tax -$6.900M -$3.000M
% Of Pretax Income
Net Earnings -$64.00M -$48.20M
YoY Change 32.78% -16.17%
Net Earnings / Revenue -8.82% -7.38%
Basic Earnings Per Share -$0.31
Diluted Earnings Per Share -$0.31 -$242.1K
COMMON SHARES
Basic Shares Outstanding 204.6M shares 165.4M shares
Diluted Shares Outstanding 204.6M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $198.4M $125.2M
YoY Change 58.47%
Cash & Equivalents $198.4M $125.2M
Short-Term Investments
Other Short-Term Assets $65.50M $97.50M
YoY Change -32.82%
Inventory
Prepaid Expenses $94.20M
Receivables $488.8M $391.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $846.9M $613.9M
YoY Change 37.95%
LONG-TERM ASSETS
Property, Plant & Equipment $1.036B $1.015B
YoY Change 2.07%
Goodwill $2.764B
YoY Change
Intangibles $1.600B
YoY Change
Long-Term Investments
YoY Change
Other Assets $171.5M $117.9M
YoY Change 45.46%
Total Long-Term Assets $5.571B $5.640B
YoY Change -1.23%
TOTAL ASSETS
Total Short-Term Assets $846.9M $613.9M
Total Long-Term Assets $5.571B $5.640B
Total Assets $6.418B $6.254B
YoY Change 2.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $323.1M $280.7M
YoY Change 15.11%
Accrued Expenses $166.3M $195.0M
YoY Change -14.72%
Deferred Revenue $89.00M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $27.00M $84.70M
YoY Change -68.12%
Total Short-Term Liabilities $757.8M $687.4M
YoY Change 10.24%
LONG-TERM LIABILITIES
Long-Term Debt $3.369B $3.991B
YoY Change -15.6%
Other Long-Term Liabilities $151.4M $473.5M
YoY Change -68.03%
Total Long-Term Liabilities $3.520B $4.465B
YoY Change -21.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $757.8M $687.4M
Total Long-Term Liabilities $3.520B $4.465B
Total Liabilities $5.043B $5.457B
YoY Change -7.6%
SHAREHOLDERS EQUITY
Retained Earnings -$1.027B
YoY Change
Common Stock $2.100M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.375B $796.6M
YoY Change
Total Liabilities & Shareholders Equity $6.418B $6.254B
YoY Change 2.62%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$64.00M -$48.20M
YoY Change 32.78% -16.17%
Depreciation, Depletion And Amortization $108.5M $121.3M
YoY Change -10.55% -9.21%
Cash From Operating Activities $103.2M $24.80M
YoY Change 316.13% 7.36%
INVESTING ACTIVITIES
Capital Expenditures $36.90M $34.40M
YoY Change 7.27% -156.39%
Acquisitions $0.00
YoY Change
Other Investing Activities -$1.300M -$2.000M
YoY Change -35.0% -111.63%
Cash From Investing Activities -$4.300M -$32.40M
YoY Change -86.73% -26.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $2.811B $252.2M
YoY Change 1014.43%
Cash From Financing Activities -$4.500M $50.60M
YoY Change -108.89% -222.52%
NET CHANGE
Cash From Operating Activities $103.2M $24.80M
Cash From Investing Activities -$4.300M -$32.40M
Cash From Financing Activities -$4.500M $50.60M
Net Change In Cash $93.70M $41.40M
YoY Change 126.33% -166.77%
FREE CASH FLOW
Cash From Operating Activities $103.2M $24.80M
Capital Expenditures $36.90M $34.40M
Free Cash Flow $66.30M -$9.600M
YoY Change -790.63% -111.41%

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CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
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CY2020Q1 rxt Increase Decrease In Operating Lease Liabilities
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CY2021Q1 rxt Increase Decrease In Operating Lease Liabilities
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CY2020Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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31300000 USD
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CY2020Q1 us-gaap Proceeds From Stock Plans
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CY2021Q1 us-gaap Proceeds From Stock Plans
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CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020Q1 us-gaap Repayments Of Long Term Debt
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CY2021Q1 us-gaap Repayments Of Long Term Debt
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CY2021Q1 us-gaap Payments Of Debt Issuance Costs
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CY2021Q1 us-gaap Finance Lease Principal Payments
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20900000 USD
CY2021Q1 rxt Proceeds From Financing Obligations
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CY2020Q1 rxt Repayments Of Financing Obligations
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CY2021Q1 rxt Repayments Of Financing Obligations
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Income Taxes Paid Net
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3900000 USD
CY2020Q1 rxt Capital Expenditures Acquired By Finance Leases
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400000 USD
CY2021Q1 rxt Capital Expenditures Acquired By Finance Leases
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13900000 USD
CY2020Q1 rxt Capital Expenditures Acquired By Financing Obligations
CapitalExpendituresAcquiredByFinancingObligations
18000000.0 USD
CY2021Q1 rxt Capital Expenditures Acquired By Financing Obligations
CapitalExpendituresAcquiredByFinancingObligations
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CY2020Q1 rxt Increase Decrease In Accrued Liabilities For Capital Expenditures
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CY2021Q1 rxt Increase Decrease In Accrued Liabilities For Capital Expenditures
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8100000 USD
CY2020Q1 rxt Noncash Purchase Of Capital Expenditures
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41000000.0 USD
CY2021Q1 rxt Noncash Purchase Of Capital Expenditures
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22000000.0 USD
CY2020Q1 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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0 USD
CY2021Q1 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
2100000 USD
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CY2021Q1 rxt Other Non Cash Investing And Financing Activities
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CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
198400000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
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3300000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
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3400000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
128500000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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201800000 USD
CY2019Q4 us-gaap Stockholders Equity
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898800000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7500000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
21900000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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17200000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
16400000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1375200000 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
The preparation of consolidated financial statements in conformity with 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.Change in Accounting EstimateIn March 2021, we completed an assessment of the useful lives of certain assets within the Computers and equipment asset class. The timing of this review was based on a combination of factors accumulating over time that provided the company with updated information to make a better estimate on the economic lives of certain property and equipment. These factors included changes in customer purchasing patterns, technological advancements and the availability of extended equipment warranties. The assessment resulted in a revision within our policy ranges for certain useful lives in this asset class. This change in accounting estimate was effective in the first quarter of 2021.
CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current period presentation. Specifically, the current portion of "Finance lease liabilities" is now presented separately from "Other current liabilities" in the Consolidated Balance Sheets.</span></div>
CY2020Q4 us-gaap Accounts Receivable Net Current
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483000000.0 USD
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
488800000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
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12200000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Current
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13600000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Noncurrent
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13900000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
12100000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
76700000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
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89000000.0 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
14200000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
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13400000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
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35200000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
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34600000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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872300000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation Percentage
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0.63
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-48200000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-64000000.0 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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165400000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
204600000 shares
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
165400000 shares
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
204600000 shares
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.29
CY2021Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.31
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25000000.0 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21700000 shares
CY2020Q4 rxt Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization Excluding Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortizationExcludingConstructionInProgress
2232300000 USD
CY2021Q1 rxt Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization Excluding Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortizationExcludingConstructionInProgress
2236400000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1366800000 USD
CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1389400000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
884600000 USD
CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
870700000 USD
CY2021Q1 us-gaap Land Available For Sale
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11400000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Land Held For Use
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32200000 USD
CY2021Q1 rxt Payments For Brokerage Fees And Professional Fees
PaymentsForBrokerageFeesAndProfessionalFees
900000 USD
CY2021Q1 rxt Proceeds From Sale Of Land Held For Use Net Of Brokerage And Professional Fees
ProceedsFromSaleOfLandHeldForUseNetOfBrokerageAndProfessionalFees
31300000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
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19900000 USD
CY2020Q4 us-gaap Goodwill
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2761100000 USD
CY2021Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2400000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
2763500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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2049900000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
653600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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1396300000 USD
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CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2021Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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2300700000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
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1600400000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
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44200000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
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40300000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3700000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
14000000.0 USD
CY2020Q4 us-gaap Long Term Debt
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CY2021Q1 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt Current
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43400000 USD
CY2021Q1 us-gaap Long Term Debt Current
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27000000.0 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3319300000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
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3368700000 USD
CY2021Q1 rxt Debt Instrument Modification Fee
DebtInstrumentModificationFee
27600000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
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7500000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17200000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1600000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3600000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5900000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
13600000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
0 USD
CY2020Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
0 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
31000000.0 USD
CY2021Q1 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
31000000.0 USD
CY2021Q1 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
88700000 USD
CY2020Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
0 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
88700000 USD
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
106800000 USD
CY2021Q1 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
31000000.0 USD
CY2021Q1 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
75800000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
72000000.0 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
52600000 USD
CY2021Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
24000000.0 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
1200000 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-20400000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
14000000.0 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-40700000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-100000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
400000 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
100000 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
3000000.0 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
3200000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
9400000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-1400000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-4000000.0 USD
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652700000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
725900000 USD
CY2020Q1 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
1900000 USD
CY2021Q1 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
1300000 USD
CY2020Q1 rxt Business Combination Acquisition Related Expense From Purchase Accounting Adjustments
BusinessCombinationAcquisitionRelatedExpenseFromPurchaseAccountingAdjustments
1900000 USD
CY2021Q1 rxt Business Combination Acquisition Related Expense From Purchase Accounting Adjustments
BusinessCombinationAcquisitionRelatedExpenseFromPurchaseAccountingAdjustments
1200000 USD
CY2020Q1 us-gaap Restructuring Charges
RestructuringCharges
1300000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
7200000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
249300000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
235300000 USD

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