$RXT
Rackspace Technology, Inc.

2024 Q4 Form 10-Q Financial Statement

#000181001924000159 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $675.8M
YoY Change -7.73%
Cost Of Revenue $538.3M
YoY Change -7.25%
Gross Profit $137.5M
YoY Change -9.54%
Gross Profit Margin 20.35%
Selling, General & Admin $169.5M
YoY Change -4.4%
% of Gross Profit 123.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.30M
YoY Change -31.94%
% of Gross Profit 24.95%
Operating Expenses $169.5M
YoY Change -4.4%
Operating Profit -$173.7M
YoY Change -27.44%
Interest Expense -$16.00M
YoY Change -128.32%
% of Operating Profit
Other Income/Expense, Net -$900.0K
YoY Change -75.68%
Pretax Income -$174.6M
YoY Change -28.18%
Income Tax $12.00M
% Of Pretax Income
Net Earnings -$186.6M
YoY Change -17.65%
Net Earnings / Revenue -27.61%
Basic Earnings Per Share -$0.82
Diluted Earnings Per Share -$0.82
COMMON SHARES
Basic Shares Outstanding 227.6M shares 226.0M shares
Diluted Shares Outstanding 226.4M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.1M
YoY Change -43.45%
Cash & Equivalents $157.1M
Short-Term Investments
Other Short-Term Assets $84.40M
YoY Change -32.64%
Inventory
Prepaid Expenses $95.40M
Receivables $311.8M
Other Receivables $0.00
Total Short-Term Assets $648.7M
YoY Change -23.24%
LONG-TERM ASSETS
Property, Plant & Equipment $755.7M
YoY Change 1.9%
Goodwill $739.7M
YoY Change -48.92%
Intangibles $883.4M
YoY Change -16.49%
Long-Term Investments
YoY Change
Other Assets $118.3M
YoY Change -36.97%
Total Long-Term Assets $2.497B
YoY Change -27.31%
TOTAL ASSETS
Total Short-Term Assets $648.7M
Total Long-Term Assets $2.497B
Total Assets $3.146B
YoY Change -26.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $407.9M
YoY Change -2.14%
Accrued Expenses $158.1M
YoY Change -5.84%
Deferred Revenue $68.80M
YoY Change -15.69%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $27.10M
YoY Change -42.83%
Total Short-Term Liabilities $768.9M
YoY Change -6.78%
LONG-TERM LIABILITIES
Long-Term Debt $2.782B
YoY Change -7.61%
Other Long-Term Liabilities $98.10M
YoY Change 3.81%
Total Long-Term Liabilities $2.881B
YoY Change -7.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $768.9M
Total Long-Term Liabilities $2.881B
Total Liabilities $4.096B
YoY Change -8.24%
SHAREHOLDERS EQUITY
Retained Earnings -$3.626B
YoY Change 27.14%
Common Stock $2.300M
YoY Change 4.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$949.7M
YoY Change
Total Liabilities & Shareholders Equity $3.146B
YoY Change -26.51%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$186.6M
YoY Change -17.65%
Depreciation, Depletion And Amortization $34.30M
YoY Change -31.94%
Cash From Operating Activities $51.80M
YoY Change -80.58%
INVESTING ACTIVITIES
Capital Expenditures $24.50M
YoY Change -10.91%
Acquisitions
YoY Change
Other Investing Activities $5.100M
YoY Change 5000.0%
Cash From Investing Activities -$19.40M
YoY Change -29.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -67.40M
YoY Change -44.11%
NET CHANGE
Cash From Operating Activities 51.80M
Cash From Investing Activities -19.40M
Cash From Financing Activities -67.40M
Net Change In Cash -35.00M
YoY Change -129.46%
FREE CASH FLOW
Cash From Operating Activities $51.80M
Capital Expenditures $24.50M
Free Cash Flow $27.30M
YoY Change -88.59%

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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Document Fiscal Year Focus
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dei Entity Registrant Name
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RACKSPACE TECHNOLOGY, INC.
dei Entity Incorporation State Country Code
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DE
dei Entity Tax Identification Number
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81-3369925
dei Entity Address Address Line1
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19122 US Highway 281N
dei Entity Address Address Line2
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Suite 128
dei Entity Address City Or Town
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San Antonio
dei Entity Address State Or Province
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TX
dei Entity Address Postal Zip Code
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78258
dei City Area Code
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800
dei Local Phone Number
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961-4454
dei Security12b Title
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Common stock, par value $0.01 per share
dei Trading Symbol
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RXT
dei Security Exchange Name
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NASDAQ
dei Entity Current Reporting Status
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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 condensed 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 condensed consolidated financial statements and accompanying notes. On an ongoing basis, we evaluate our estimates, including those related to the allowance for credit losses, 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>
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