$RXT
Rackspace Technology, Inc.

2022 Q2 Form 10-Q Financial Statement

#000181001922000096 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $772.2M $775.5M $777.3M
YoY Change 3.82% 6.83% 8.53%
Cost Of Revenue $548.2M $549.5M $543.0M
YoY Change 7.85% 12.01% 15.83%
Gross Profit $224.0M $226.0M $234.3M
YoY Change -4.88% -3.95% -5.3%
Gross Profit Margin 29.01% 29.14% 30.14%
Selling, General & Admin $220.0M $205.1M $208.6M
YoY Change -5.42% -11.21% -17.29%
% of Gross Profit 98.21% 90.75% 89.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $98.20M $101.6M $103.6M
YoY Change -8.91% -6.36% -6.75%
% of Gross Profit 43.84% 44.96% 44.22%
Operating Expenses $220.0M $205.1M $208.6M
YoY Change -5.42% -11.21% -17.29%
Operating Profit $4.000M $20.90M $25.70M
YoY Change 37.93% -13.64% -635.42%
Interest Expense -$56.70M $50.10M -$49.90M
YoY Change -212.28% -4.75% -15.99%
% of Operating Profit -1417.5% 239.71% -194.16%
Other Income/Expense, Net $100.0K -$53.80M $100.0K
YoY Change -100.2% -43.43% -95.24%
Pretax Income -$52.60M -$32.90M -$76.50M
YoY Change 10.97% -53.6% -20.81%
Income Tax -$12.00M $5.600M $6.400M
% Of Pretax Income
Net Earnings -$40.60M -$38.50M -$82.90M
YoY Change 10.93% -39.84% 29.94%
Net Earnings / Revenue -5.26% -4.96% -10.67%
Basic Earnings Per Share -$0.19 -$0.18
Diluted Earnings Per Share -$193.8K -$0.18 -$394.6K
COMMON SHARES
Basic Shares Outstanding 210.9M shares 211.4M shares 210.0M shares
Diluted Shares Outstanding 209.5M shares 211.4M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $261.3M $269.1M $272.8M
YoY Change 21.65% 35.64% 160.55%
Cash & Equivalents $261.3M $269.1M $272.8M
Short-Term Investments
Other Short-Term Assets $154.8M $57.00M $52.40M
YoY Change 105.58% -12.98% 11.49%
Inventory
Prepaid Expenses $103.9M $110.0M
Receivables $598.1M $576.1M $554.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.014B $1.006B $989.5M
YoY Change 14.57% 18.8% 30.45%
LONG-TERM ASSETS
Property, Plant & Equipment $900.3M $948.3M $988.5M
YoY Change -13.71% -8.43% -6.37%
Goodwill $2.709B $2.707B
YoY Change -1.99% -1.97%
Intangibles $1.424B $1.467B
YoY Change -11.05% -10.92%
Long-Term Investments
YoY Change
Other Assets $209.8M $224.2M $177.4M
YoY Change 27.77% 30.73% 13.57%
Total Long-Term Assets $5.194B $5.305B $5.339B
YoY Change -6.03% -4.78% -4.98%
TOTAL ASSETS
Total Short-Term Assets $1.014B $1.006B $989.5M
Total Long-Term Assets $5.194B $5.305B $5.339B
Total Assets $6.208B $6.311B $6.329B
YoY Change -3.18% -1.67% -0.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $388.0M $390.2M $369.5M
YoY Change 19.61% 20.77% 29.47%
Accrued Expenses $170.3M $155.6M $192.5M
YoY Change -4.75% -6.43% -3.41%
Deferred Revenue $111.0M $98.60M
YoY Change 24.72% 28.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $125.4M $23.00M $23.00M
YoY Change 445.22% -14.81% -47.0%
Total Short-Term Liabilities $822.8M $817.5M $837.4M
YoY Change 4.24% 7.88% 12.83%
LONG-TERM LIABILITIES
Long-Term Debt $3.670B $3.307B $3.311B
YoY Change 10.59% -1.83% -0.25%
Other Long-Term Liabilities $212.1M $117.5M $124.4M
YoY Change 35.18% -22.39% -14.5%
Total Long-Term Liabilities $3.882B $3.425B $3.435B
YoY Change 11.7% -2.72% -0.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $822.8M $817.5M $837.4M
Total Long-Term Liabilities $3.882B $3.425B $3.435B
Total Liabilities $4.910B $4.967B $5.001B
YoY Change -2.39% -1.51% 0.14%
SHAREHOLDERS EQUITY
Retained Earnings -$1.220B -$1.182B
YoY Change 18.77% 22.66%
Common Stock $2.100M $2.100M
YoY Change 0.0% 5.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 400.0K shares 0.000 shares
Shareholders Equity $1.298B $1.344B $1.327B
YoY Change
Total Liabilities & Shareholders Equity $6.208B $6.311B $6.329B
YoY Change -3.18% -1.67% -0.77%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$40.60M -$38.50M -$82.90M
YoY Change 10.93% -39.84% 29.94%
Depreciation, Depletion And Amortization $98.20M $101.6M $103.6M
YoY Change -8.91% -6.36% -6.75%
Cash From Operating Activities $84.00M $64.50M $59.60M
YoY Change -20.53% -37.5% -472.5%
INVESTING ACTIVITIES
Capital Expenditures -$27.20M $19.20M -$21.20M
YoY Change -6.53% -47.97% 12.17%
Acquisitions $7.700M
YoY Change
Other Investing Activities $2.500M -$1.000M $4.400M
YoY Change 47.06% -23.08% -125.43%
Cash From Investing Activities -$24.70M -$25.90M -$16.80M
YoY Change -9.85% 502.33% -53.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.100M
YoY Change
Debt Paid & Issued, Net $5.800M
YoY Change -99.79%
Cash From Financing Activities -63.60M -$40.80M -30.60M
YoY Change 2.09% 806.67% -68.97%
NET CHANGE
Cash From Operating Activities 84.00M $64.50M 59.60M
Cash From Investing Activities -24.70M -$25.90M -16.80M
Cash From Financing Activities -63.60M -$40.80M -30.60M
Net Change In Cash -4.300M -$3.800M 12.20M
YoY Change -126.88% -104.06% -108.09%
FREE CASH FLOW
Cash From Operating Activities $84.00M $64.50M $59.60M
Capital Expenditures -$27.20M $19.20M -$21.20M
Free Cash Flow $111.2M $45.30M $80.80M
YoY Change -17.51% -31.67% 2686.21%

Facts In Submission

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CY2021Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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15900000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
14300000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
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-11100000 USD
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
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900000 USD
CY2021Q1 us-gaap Share Based Compensation
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17200000 USD
CY2022Q1 us-gaap Share Based Compensation
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17000000.0 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Properties
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19900000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-37000000.0 USD
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-5200000 USD
CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-4600000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-3700000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Investments
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-100000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
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-2700000 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
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-200000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
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2700000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
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2000000.0 USD
CY2021Q1 us-gaap Other Noncash Income Expense
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400000 USD
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
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2600000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
19800000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-24700000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-7400000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-7800000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
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11500000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
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7600000 USD
CY2021Q1 us-gaap Increase Decrease In Operating Lease Liability
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-16100000 USD
CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-17700000 USD
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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-1400000 USD
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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103200000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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64500000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
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36900000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19200000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
7700000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
31300000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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0 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021Q1 us-gaap Proceeds From Stock Plans
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21700000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
CY2022Q1 us-gaap Proceeds From Stock Plans
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500000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
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4100000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021Q1 us-gaap Repayments Of Long Term Debt
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CY2022Q1 us-gaap Repayments Of Long Term Debt
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5800000 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
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32300000 USD
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
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CY2021Q1 us-gaap Payments For Derivative Instrument Financing Activities
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CY2022Q1 us-gaap Payments For Derivative Instrument Financing Activities
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4300000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
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CY2022Q1 us-gaap Finance Lease Principal Payments
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15900000 USD
CY2021Q1 rxt Repayments Of Financing Obligations
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11300000 USD
CY2022Q1 rxt Repayments Of Financing Obligations
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11200000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Effect Of Exchange Rate On 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 Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
93700000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3800000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108100000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
275400000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
201800000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
271600000 USD
CY2021Q1 us-gaap Interest Paid Net
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45100000 USD
CY2022Q1 us-gaap Interest Paid Net
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40800000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3900000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5400000 USD
CY2021Q1 rxt Capital Expenditures Acquired By Finance Leases
CapitalExpendituresAcquiredByFinanceLeases
13900000 USD
CY2022Q1 rxt Capital Expenditures Acquired By Finance Leases
CapitalExpendituresAcquiredByFinanceLeases
6500000 USD
CY2021Q1 rxt Capital Expenditures Acquired By Financing Obligations
CapitalExpendituresAcquiredByFinancingObligations
0 USD
CY2022Q1 rxt Capital Expenditures Acquired By Financing Obligations
CapitalExpendituresAcquiredByFinancingObligations
3700000 USD
CY2021Q1 rxt Increase Decrease In Accrued Liabilities For Capital Expenditures
IncreaseDecreaseInAccruedLiabilitiesForCapitalExpenditures
8100000 USD
CY2022Q1 rxt Increase Decrease In Accrued Liabilities For Capital Expenditures
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1500000 USD
CY2021Q1 rxt Noncash Purchase Of Capital Expenditures
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22000000.0 USD
CY2022Q1 rxt Noncash Purchase Of Capital Expenditures
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11700000 USD
CY2021Q1 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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2100000 USD
CY2022Q1 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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0 USD
CY2021Q1 rxt Other Non Cash Investing And Financing Activities
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200000 USD
CY2022Q1 rxt Other Non Cash Investing And Financing Activities
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0 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
198400000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
269100000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
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3400000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
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2500000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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201800000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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271600000 USD
CY2020Q4 us-gaap Stockholders Equity
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1383700000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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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
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-64000000.0 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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16400000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1375200000 USD
CY2021Q4 us-gaap Stockholders Equity
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1327400000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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500000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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17000000.0 USD
CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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42000000.0 USD
CY2022Q1 us-gaap Stock Repurchased During Period Value
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4100000 USD
CY2022Q1 us-gaap Stockholders Equity
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1344300000 USD
CY2022Q1 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>
CY2021Q4 us-gaap Accounts Receivable Net Current
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554300000 USD
CY2022Q1 us-gaap Accounts Receivable Net Current
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576100000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
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15200000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Current
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15000000.0 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
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13100000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
10500000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
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98600000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
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111000000.0 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
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13600000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
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8600000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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18400000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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16900000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
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34600000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
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32600000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
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673900000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Percentage
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0.57
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-64000000.0 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-64000000.0 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-38500000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-38500000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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204600000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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204600000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211400000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
211400000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
204600000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
204600000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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211400000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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211400000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
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-0.31
CY2021Q1 us-gaap Earnings Per Share Diluted
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-0.31
CY2022Q1 us-gaap Earnings Per Share Basic
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-0.18
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21700000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24800000 shares
CY2021Q4 rxt Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization Excluding Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortizationExcludingConstructionInProgress
2228100000 USD
CY2022Q1 rxt Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization Excluding Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortizationExcludingConstructionInProgress
2210000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1413400000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1427200000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
826700000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
794700000 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
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31300000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
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19900000 USD
CY2021Q4 us-gaap Goodwill
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2706800000 USD
CY2022Q1 us-gaap Goodwill Acquired During Period
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5900000 USD
CY2022Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-4100000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
2708600000 USD
CY2022Q1 us-gaap Goodwill Gross
GoodwillGross
3056000000 USD
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
347400000 USD
CY2022Q1 us-gaap Goodwill
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2708600000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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2027200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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810700000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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1216500000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
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2025600000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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852000000.0 USD
CY2022Q1 us-gaap Treasury Stock Shares Acquired
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CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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70900000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
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1173600000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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2277200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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810700000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1466500000 USD
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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2275600000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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852000000.0 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1423600000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
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36300000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
34900000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
12600000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
12100000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3333900000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
3330000000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
23000000.0 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
23000000.0 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3310900000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3307000000 USD
CY2021Q1 rxt Debt Instrument Modification Fee
DebtInstrumentModificationFee
27600000 USD
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000 USD
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4100000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17200000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17000000.0 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3600000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3600000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
13600000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
13400000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
182200000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
52600000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
50100000 USD
CY2022Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
7900000 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
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
700000 USD
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-4600000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
14600000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
42300000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-1500000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-4300000 USD
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
725900000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
775500000 USD
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
231000000.0 USD
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
205100000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
19900000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
52600000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
50100000 USD
CY2021Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
-3700000 USD
CY2022Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
-100000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-37000000.0 USD
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1800000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3600000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-70900000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-32900000 USD

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