2021 Q4 Form 10-Q Financial Statement

#000181001921000193 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $777.3M $762.5M $743.8M
YoY Change 8.53% 11.85% 13.3%
Cost Of Revenue $543.0M $530.8M $508.3M
YoY Change 15.83% 21.77% 22.6%
Gross Profit $234.3M $231.7M $235.5M
YoY Change -5.3% -5.74% -2.65%
Gross Profit Margin 30.14% 30.39% 31.66%
Selling, General & Admin $208.6M $234.6M $232.6M
YoY Change -17.29% -9.94% 6.11%
% of Gross Profit 89.03% 101.25% 98.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $103.6M $104.9M $107.8M
YoY Change -6.75% -10.72% -7.31%
% of Gross Profit 44.22% 45.27% 45.77%
Operating Expenses $208.6M $234.6M $232.6M
YoY Change -17.29% -9.94% 6.11%
Operating Profit $25.70M -$2.900M $2.900M
YoY Change -635.42% -80.27% -87.22%
Interest Expense -$49.90M $51.50M $50.50M
YoY Change -15.99% -24.6% -26.71%
% of Operating Profit -194.16% 1741.38%
Other Income/Expense, Net $100.0K -$51.40M -$50.30M
YoY Change -95.24% -50.86% -25.59%
Pretax Income -$76.50M -$54.30M -$47.40M
YoY Change -20.81% -54.48% 5.57%
Income Tax $6.400M -$19.50M -$10.80M
% Of Pretax Income
Net Earnings -$82.90M -$34.80M -$36.60M
YoY Change 29.94% -65.61% 12.27%
Net Earnings / Revenue -10.67% -4.56% -4.92%
Basic Earnings Per Share -$0.17 -$0.18
Diluted Earnings Per Share -$394.6K -$0.17 -$0.18
COMMON SHARES
Basic Shares Outstanding 210.0M shares 209.3M shares 207.9M shares
Diluted Shares Outstanding 209.3M shares 207.9M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $272.8M $260.0M $214.8M
YoY Change 160.55% 2.69% 33.09%
Cash & Equivalents $272.8M $260.0M $214.8M
Short-Term Investments
Other Short-Term Assets $52.40M $63.90M $75.30M
YoY Change 11.49% 52.51% 87.31%
Inventory
Prepaid Expenses $110.0M $92.70M $94.00M
Receivables $554.3M $533.6M $501.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $989.5M $950.2M $885.2M
YoY Change 30.45% 17.91% 35.95%
LONG-TERM ASSETS
Property, Plant & Equipment $988.5M $1.005B $1.043B
YoY Change -6.37% -4.78% -3.55%
Goodwill $2.707B $2.760B $2.766B
YoY Change -1.97% 0.67% 1.2%
Intangibles $1.467B $1.509B $1.554B
YoY Change -10.92% -10.4% -9.99%
Long-Term Investments
YoY Change
Other Assets $177.4M $168.1M $164.2M
YoY Change 13.57% 22.79% 35.14%
Total Long-Term Assets $5.339B $5.441B $5.527B
YoY Change -4.98% -3.13% -2.39%
TOTAL ASSETS
Total Short-Term Assets $989.5M $950.2M $885.2M
Total Long-Term Assets $5.339B $5.441B $5.527B
Total Assets $6.329B $6.392B $6.412B
YoY Change -0.77% -0.49% 1.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $369.5M $372.0M $324.4M
YoY Change 29.47% 40.75% 23.58%
Accrued Expenses $192.5M $195.8M $178.8M
YoY Change -3.41% -0.36% -5.5%
Deferred Revenue $98.60M $91.50M $93.00M
YoY Change 28.55% 53.52% 55.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00M $23.00M $23.00M
YoY Change -47.0% -20.69% -20.69%
Total Short-Term Liabilities $837.4M $846.4M $789.3M
YoY Change 12.83% 24.45% 17.11%
LONG-TERM LIABILITIES
Long-Term Debt $3.311B $3.315B $3.319B
YoY Change -0.25% -2.28% -14.97%
Other Long-Term Liabilities $124.4M $135.4M $156.9M
YoY Change -14.5% -10.92% 4.6%
Total Long-Term Liabilities $3.435B $3.450B $3.476B
YoY Change -0.85% -2.65% -14.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $837.4M $846.4M $789.3M
Total Long-Term Liabilities $3.435B $3.450B $3.476B
Total Liabilities $5.001B $5.021B $5.030B
YoY Change 0.14% -0.22% -9.29%
SHAREHOLDERS EQUITY
Retained Earnings -$1.182B -$1.099B -$1.064B
YoY Change 22.66% 22.15% 33.27%
Common Stock $2.100M $2.100M $2.100M
YoY Change 5.0% 5.0% 31.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $1.327B $1.371B $1.383B
YoY Change
Total Liabilities & Shareholders Equity $6.329B $6.392B $6.412B
YoY Change -0.77% -0.49% 1.56%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$82.90M -$34.80M -$36.60M
YoY Change 29.94% -65.61% 12.27%
Depreciation, Depletion And Amortization $103.6M $104.9M $107.8M
YoY Change -6.75% -10.72% -7.31%
Cash From Operating Activities $59.60M $102.3M $105.7M
YoY Change -472.5% 201.77% 42.84%
INVESTING ACTIVITIES
Capital Expenditures -$21.20M -$21.20M -$29.10M
YoY Change 12.17% -32.05% -9.06%
Acquisitions
YoY Change
Other Investing Activities $4.400M $700.0K $1.700M
YoY Change -125.43% -61.11% 6.25%
Cash From Investing Activities -$16.80M -$20.50M -$27.40M
YoY Change -53.59% -30.27% -9.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.60M -34.80M -62.30M
YoY Change -68.97% -140.85% 753.42%
NET CHANGE
Cash From Operating Activities 59.60M 102.3M 105.7M
Cash From Investing Activities -16.80M -20.50M -27.40M
Cash From Financing Activities -30.60M -34.80M -62.30M
Net Change In Cash 12.20M 47.00M 16.00M
YoY Change -108.09% -47.6% -55.92%
FREE CASH FLOW
Cash From Operating Activities $59.60M $102.3M $105.7M
Capital Expenditures -$21.20M -$21.20M -$29.10M
Free Cash Flow $80.80M $123.5M $134.8M
YoY Change 2686.21% 89.71% 27.17%

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CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
13900000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Basic
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Other Depreciation And Amortization
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Gain Loss On Sale Of Properties
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us-gaap Gain Loss On Sale Of Properties
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Gain Loss On Sale Of Investments
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us-gaap Gain Loss On Sale Of Investments
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Stock Plans
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us-gaap Proceeds From Stock Plans
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments For Derivative Instrument Financing Activities
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us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
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us-gaap Finance Lease Principal Payments
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us-gaap Finance Lease Principal Payments
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rxt Proceeds From Financing Obligations
ProceedsFromFinancingObligations
20900000 USD
rxt Proceeds From Financing Obligations
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rxt Repayments Of Financing Obligations
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rxt Repayments Of Financing Obligations
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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rxt Capital Expenditures Acquired By Financing Obligations
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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rxt Capital Expenditures Acquired By Finance Leases
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rxt Capital Expenditures Acquired By Finance Leases
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rxt Capital Expenditures Acquired By Financing Obligations
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rxt Increase Decrease In Accrued Liabilities For Capital Expenditures
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rxt Increase Decrease In Accrued Liabilities For Capital Expenditures
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rxt Noncash Purchase Of Capital Expenditures
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rxt Noncash Purchase Of Capital Expenditures
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rxt Non Cash Increase In Buildings Within Property Equipment Net And Software Due To Lease Modification
NonCashIncreaseInBuildingsWithinPropertyEquipmentNetAndSoftwareDueToLeaseModification
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rxt Non Cash Increase In Buildings Within Property Equipment Net And Software Due To Lease Modification
NonCashIncreaseInBuildingsWithinPropertyEquipmentNetAndSoftwareDueToLeaseModification
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CY2020Q3 us-gaap Deferred Offering Costs
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CY2021Q3 us-gaap Deferred Offering Costs
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CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q2 us-gaap Stockholders Equity
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CY2020Q3 us-gaap Stock Issued During Period Value New Issues
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CY2020Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Stockholders Equity
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CY2019Q4 us-gaap Stockholders Equity
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Net Income Loss
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CY2021Q2 us-gaap Stockholders Equity
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CY2021Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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56700000 USD
us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </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%">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.</span></div>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.
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current period presentation. The current portion of "Finance lease liabilities" is now presented separately from "Other current liabilities" in the Consolidated Balance Sheets.
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
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CY2020Q4 us-gaap Accounts Receivable Net Current
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CY2021Q3 us-gaap Contract With Customer Asset Net Current
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CY2021Q3 us-gaap Contract With Customer Asset Net Noncurrent
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CY2020Q4 us-gaap Contract With Customer Liability Current
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CY2021Q3 us-gaap Contract With Customer Liability Current
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CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
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55600000 USD
us-gaap Contract With Customer Liability Revenue Recognized
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CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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207300000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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209300000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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209300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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172600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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172600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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207300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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207300000 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
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CY2020Q3 us-gaap Earnings Per Share Basic
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CY2021Q3 us-gaap Earnings Per Share Basic
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-0.17
CY2021Q3 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Basic
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-0.65
us-gaap Earnings Per Share Diluted
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-0.65
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020Q4 rxt Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization Excluding Construction In Progress
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2232300000 USD
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2233200000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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1366800000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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1384800000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
884600000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
861200000 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
Goodwill
2761100000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1600000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
2759500000 USD
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653600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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1396300000 USD
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2027200000 USD
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768400000 USD
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1258800000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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2299900000 USD
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653600000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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1646300000 USD
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2277200000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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768400000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
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1508800000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
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44200000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
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37700000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
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3700000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
13000000.0 USD
CY2020Q4 us-gaap Long Term Debt
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3362700000 USD
CY2021Q3 us-gaap Long Term Debt
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3337800000 USD
CY2020Q4 us-gaap Long Term Debt Current
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43400000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
23000000.0 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3319300000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3314800000 USD
CY2021Q1 rxt Debt Instrument Modification Fee
DebtInstrumentModificationFee
27600000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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15100000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
44900000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40200000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19100000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56800000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56700000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8400000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4000000.0 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11900000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11900000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
31800000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
44800000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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137000000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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13400000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y2M12D
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
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0 USD
CY2021Q3 us-gaap Derivative Assets
DerivativeAssets
18500000 USD
CY2021Q3 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
18500000 USD
CY2021Q3 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
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0 USD
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88700000 USD
CY2020Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
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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
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
88600000 USD
CY2021Q3 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
18500000 USD
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DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
70100000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
68300000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
51500000 USD
us-gaap Interest Expense
InterestExpense
209200000 USD
us-gaap Interest Expense
InterestExpense
154600000 USD
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
23600000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
1000000.0 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
11700000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
400000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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1300000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-1200000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3200000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
400000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-7800000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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15900000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-46200000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
1600000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-4500000 USD
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
800000 USD
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-8800000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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200000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
600000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-1600000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-4500000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
500000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-3100000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
1400000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4000000.0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
4500000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-13000000.0 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
681700000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
762500000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1990900000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2232200000 USD
CY2020Q3 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
1500000 USD
CY2021Q3 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
400000 USD
us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
4900000 USD
us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
2100000 USD
CY2020Q3 rxt Business Combination Acquisition Related Expense From Purchase Accounting Adjustments
BusinessCombinationAcquisitionRelatedExpenseFromPurchaseAccountingAdjustments
1200000 USD
CY2021Q3 rxt Business Combination Acquisition Related Expense From Purchase Accounting Adjustments
BusinessCombinationAcquisitionRelatedExpenseFromPurchaseAccountingAdjustments
1200000 USD
rxt Business Combination Acquisition Related Expense From Purchase Accounting Adjustments
BusinessCombinationAcquisitionRelatedExpenseFromPurchaseAccountingAdjustments
4700000 USD
rxt Business Combination Acquisition Related Expense From Purchase Accounting Adjustments
BusinessCombinationAcquisitionRelatedExpenseFromPurchaseAccountingAdjustments
3600000 USD
CY2020Q3 rxt Restructuring And Transformation Costs
RestructuringAndTransformationCosts
2500000 USD
CY2021Q3 rxt Restructuring And Transformation Costs
RestructuringAndTransformationCosts
13000000.0 USD
rxt Restructuring And Transformation Costs
RestructuringAndTransformationCosts
7900000 USD
rxt Restructuring And Transformation Costs
RestructuringAndTransformationCosts
28900000 USD
CY2020Q3 us-gaap Gross Profit
GrossProfit
245800000 USD
CY2021Q3 us-gaap Gross Profit
GrossProfit
231700000 USD
us-gaap Gross Profit
GrossProfit
737000000.0 USD
us-gaap Gross Profit
GrossProfit
702500000 USD

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