2020 Q2 Form 10-Q Financial Statement

#000156459020036562 Filed on August 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $1.138B $1.148B $1.137B
YoY Change -0.86% 28.15% 169.52%
Cost Of Revenue $626.8M $649.1M $661.9M
YoY Change -3.44% 7.56% 188.41%
Gross Profit $511.3M $498.9M $475.3M
YoY Change 2.49% 70.68% 147.04%
Gross Profit Margin 44.93% 43.46% 41.8%
Selling, General & Admin $173.2M $181.8M $178.5M
YoY Change -4.73% 12.01% 182.44%
% of Gross Profit 33.87% 36.44% 37.56%
Research & Development $96.80M $93.60M $94.80M
YoY Change 3.42% 4.46% 143.7%
% of Gross Profit 18.93% 18.76% 19.95%
Depreciation & Amortization $27.10M $31.10M $202.8M
YoY Change -12.86% 9.12% 230.44%
% of Gross Profit 5.3% 6.23% 42.67%
Operating Expenses $270.0M $275.4M $273.3M
YoY Change -1.96% -19.71% 159.05%
Operating Profit $241.3M $223.5M $202.0M
YoY Change 7.96% -540.83% 132.72%
Interest Expense -$61.50M -$104.3M -$101.6M
YoY Change -41.04% 48.58% 301.58%
% of Operating Profit -25.49% -46.67% -50.3%
Other Income/Expense, Net $19.00M $33.90M $3.500M
YoY Change -43.95% 5550.0% 775.0%
Pretax Income $199.0M $155.3M $96.80M
YoY Change 28.14% -194.93% 56.13%
Income Tax $29.50M $34.20M $16.00M
% Of Pretax Income 14.82% 22.02% 16.53%
Net Earnings $169.5M $121.1M $80.80M
YoY Change 39.97% -290.11% 57.81%
Net Earnings / Revenue 14.89% 10.55% 7.11%
Basic Earnings Per Share $0.66 $0.48 $0.32
Diluted Earnings Per Share $0.64 $0.45 $0.31
COMMON SHARES
Basic Shares Outstanding 257.0M 253.3M 251.5M
Diluted Shares Outstanding 265.8M 266.2M 263.7M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $262.0M $131.0M $155.0M
YoY Change 100.0% -83.31% 109.46%
Cash & Equivalents $261.9M $131.3M $154.6M
Short-Term Investments
Other Short-Term Assets $195.0M $163.0M $169.0M
YoY Change 19.63% -12.83% 356.76%
Inventory
Prepaid Expenses
Receivables $700.0M $665.1M $699.0M
Other Receivables $787.0M $1.026B $955.0M
Total Short-Term Assets $1.944B $2.004B $1.977B
YoY Change -2.98% -14.66% 412.18%
LONG-TERM ASSETS
Property, Plant & Equipment $423.8M $494.0M $516.5M
YoY Change -14.21% -15.08% 406.37%
Goodwill $7.940B $7.886B
YoY Change 0.68%
Intangibles
YoY Change
Long-Term Investments $222.7M $236.3M $239.3M
YoY Change -5.76% -9.98%
Other Assets $6.000M $6.000M
YoY Change 200.0% 200.0%
Total Long-Term Assets $13.63B $14.14B $14.27B
YoY Change -3.59% 24.82% 176.37%
TOTAL ASSETS
Total Short-Term Assets $1.944B $2.004B $1.977B
Total Long-Term Assets $13.63B $14.14B $14.27B
Total Assets $15.57B $16.14B $16.25B
YoY Change -3.52% 18.04% 192.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.00M $51.80M $42.00M
YoY Change -18.92% 32.82% 133.33%
Accrued Expenses $503.0M $447.0M $419.0M
YoY Change 12.53% 6.18% 278.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $71.80M $63.20M $86.00M
YoY Change 13.61% -13.42% 132.43%
Total Short-Term Liabilities $1.800B $1.831B $1.762B
YoY Change -1.69% 18.97% 369.87%
LONG-TERM LIABILITIES
Long-Term Debt $6.831B $7.780B $8.030B
YoY Change -12.2% 13.79% 312.01%
Other Long-Term Liabilities $640.0M $211.4M $553.0M
YoY Change 202.74% -11.18% 357.02%
Total Long-Term Liabilities $6.831B $7.991B $8.583B
YoY Change -14.52% 12.95% 314.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.800B $1.831B $1.762B
Total Long-Term Liabilities $6.831B $7.991B $8.583B
Total Liabilities $10.26B $11.30B $11.52B
YoY Change -9.18% 19.28% 321.21%
SHAREHOLDERS EQUITY
Retained Earnings $998.4M
YoY Change
Common Stock $4.180B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $18.00M
YoY Change
Treasury Stock Shares $1.600M $1.600M
Shareholders Equity $5.314B $4.846B $4.734B
YoY Change
Total Liabilities & Shareholders Equity $15.57B $16.14B $16.25B
YoY Change -3.52% 18.04% 192.8%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $169.5M $121.1M $80.80M
YoY Change 39.97% -290.11% 57.81%
Depreciation, Depletion And Amortization $27.10M $31.10M $202.8M
YoY Change -12.86% 9.12% 230.44%
Cash From Operating Activities $408.0M $279.2M $137.4M
YoY Change 46.13% 460.64% 96.57%
INVESTING ACTIVITIES
Capital Expenditures -$25.40M -$26.80M $16.30M
YoY Change -5.22% -3.6% 126.39%
Acquisitions -$3.200M
YoY Change -1700.0%
Other Investing Activities -$69.40M $16.20M $16.60M
YoY Change -528.4% -100.35% -8400.0%
Cash From Investing Activities -$94.80M -$10.60M -$16.10M
YoY Change 794.34% -99.77% 42.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $50.00M $2.278B
YoY Change 2043.37%
Cash From Financing Activities -703.4M -217.9M -211.9M
YoY Change 222.81% -103.62% 334.22%
NET CHANGE
Cash From Operating Activities 408.0M 279.2M 137.4M
Cash From Investing Activities -94.80M -10.60M -16.10M
Cash From Financing Activities -703.4M -217.9M -211.9M
Net Change In Cash -390.2M 50.70M -89.90M
YoY Change -869.63% -96.46% -999.0%
FREE CASH FLOW
Cash From Operating Activities $408.0M $279.2M $137.4M
Capital Expenditures -$25.40M -$26.80M $16.30M
Free Cash Flow $433.4M $306.0M $121.1M
YoY Change 41.63% 294.33% 93.14%

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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38600000
CY2019Q4 ssnc Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsOutstandingNumber
42100000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
500000
ssnc Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsForfeituresInPeriod
900000
ssnc Stock Issued During Period Shares Stock Options And Stock Appreciation Rights Exercised
StockIssuedDuringPeriodSharesStockOptionsAndStockAppreciationRightsExercised
3000000.0
CY2020Q2 ssnc Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsOutstandingNumber
38700000
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.148
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.220
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.168
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.199
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
169500000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
121100000
us-gaap Net Income Loss
NetIncomeLoss
268700000
us-gaap Net Income Loss
NetIncomeLoss
201900000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
257000000.0
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
253300000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
256100000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
252400000
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8800000
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
12900000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9600000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
12600000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265800000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
266200000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265700000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265000000.0
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76

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