2023 Q2 Form 20-F Financial Statement

#000110465923109753 Filed on October 18, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 2022
Revenue $1.056B $301.3M $1.942B
YoY Change -0.48% -84.49% 5.87%
Cost Of Revenue $48.32M $74.50M
YoY Change
Gross Profit $1.007B $2.017B
YoY Change
Gross Profit Margin 95.42% 669.58%
Selling, General & Admin $874.5M $89.40M $1.615B
YoY Change 6.31% -94.47% 4.03%
% of Gross Profit 86.8% 4.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.817M $4.387M
YoY Change 78.19% -82.86%
% of Gross Profit 0.39%
Operating Expenses $874.5M $89.40M $1.615B
YoY Change 6.31% -94.47% 4.03%
Operating Profit $132.9M $28.43M $50.60M
YoY Change -43.81% -82.03%
Interest Expense $799.0K $194.0K $1.498M
YoY Change -1348.44% -87.05% -2.54%
% of Operating Profit 0.6% 0.68% 2.96%
Other Income/Expense, Net -$2.524M -$826.0K -$3.741M
YoY Change -78.2% -77.92% -129.48%
Pretax Income $93.60M $27.60M $324.4M
YoY Change -58.7% -91.49% 9.7%
Income Tax $43.91M $10.28M $88.58M
% Of Pretax Income 46.92% 37.24% 27.3%
Net Earnings $61.33M $18.71M $235.9M
YoY Change -62.94% -92.07% 13.59%
Net Earnings / Revenue 5.81% 6.21% 12.14%
Basic Earnings Per Share $0.33 $4.21
Diluted Earnings Per Share $1.02 $0.32 $4.212M
COMMON SHARES
Basic Shares Outstanding 56.00K 56.00K
Diluted Shares Outstanding 57.97K 57.98K

Balance Sheet

Concept 2023 Q2 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $897.8M $897.8M $525.1M
YoY Change 70.97% 70.97% 19.54%
Cash & Equivalents $120.3M $897.8M $525.1M
Short-Term Investments
Other Short-Term Assets $2.495M $123.3M $186.4M
YoY Change -98.66% -33.87% -41.29%
Inventory
Prepaid Expenses
Receivables $57.45M $448.6M $564.4M
Other Receivables $0.00 $0.00 $66.10M
Total Short-Term Assets $203.4M $1.470B $1.342B
YoY Change -84.84% 9.52% -9.14%
LONG-TERM ASSETS
Property, Plant & Equipment $48.39M $536.0M $325.1M
YoY Change -85.11% 64.87% 1440.52%
Goodwill $35.67M
YoY Change 218.33%
Intangibles $13.65M
YoY Change 172.97%
Long-Term Investments $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0%
Other Assets $10.38M $10.40M $6.499M
YoY Change 59.75% 60.02% -19.53%
Total Long-Term Assets $125.1M $903.7M $441.4M
YoY Change -71.66% 104.76% 726.43%
TOTAL ASSETS
Total Short-Term Assets $203.4M $1.470B $1.342B
Total Long-Term Assets $125.1M $903.7M $441.4M
Total Assets $328.5M $2.374B $1.783B
YoY Change -81.58% 33.09% 16.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $461.0K $179.3M $83.21M
YoY Change -99.45% 115.49% -38.21%
Accrued Expenses $83.57M $410.1M $285.4M
YoY Change 43.68% 24.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $2.000M
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $139.7M $1.009B $779.8M
YoY Change -82.09% 29.42% -2.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $101.0M $101.0M $1.289M
YoY Change 7739.18% 7735.53% -87.21%
Total Long-Term Liabilities $16.76M $101.0M $1.289M
YoY Change 1199.92% 7735.53% -87.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $139.7M $1.009B $779.8M
Total Long-Term Liabilities $16.76M $101.0M $1.289M
Total Liabilities $156.4M $1.262B $815.1M
YoY Change -80.81% 54.8% 0.69%
SHAREHOLDERS EQUITY
Retained Earnings $62.42M
YoY Change 20.2%
Common Stock $5.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $153.9M $1.112B $968.3M
YoY Change
Total Liabilities & Shareholders Equity $328.5M $2.374B $1.783B
YoY Change -81.58% 33.09% 16.53%

Cashflow Statement

Concept 2023 Q2 2023 2022
OPERATING ACTIVITIES
Net Income $61.33M $18.71M $235.9M
YoY Change -62.94% -92.07% 13.59%
Depreciation, Depletion And Amortization $7.817M $4.387M
YoY Change 78.19% -82.86%
Cash From Operating Activities $75.66M $36.98M
YoY Change 104.63% -88.93%
INVESTING ACTIVITIES
Capital Expenditures $21.50M -$12.02M
YoY Change -278.85% -19.23%
Acquisitions $26.36M $6.422M
YoY Change 310.43%
Other Investing Activities -$227.2M -$274.5M
YoY Change -17.22% -109019.05%
Cash From Investing Activities -$35.82M -$44.37M
YoY Change -19.28% 203.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 226.0K -155.0K
YoY Change -245.81% -100.08%
NET CHANGE
Cash From Operating Activities 75.66M 36.98M
Cash From Investing Activities -35.82M -44.37M
Cash From Financing Activities 226.0K -155.0K
Net Change In Cash 32.51M -10.78M
YoY Change -401.47% -102.14%
FREE CASH FLOW
Cash From Operating Activities $75.66M $36.98M
Capital Expenditures $21.50M -$12.02M
Free Cash Flow $54.16M $49.00M
YoY Change 10.55% -85.96%

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IncreaseDecreaseInDueFromRelatedPartiesCurrent
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IncreaseDecreaseInCommissionPayableCurrent
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IncreaseDecreaseInCommissionPayableCurrent
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IncreaseDecreaseInCommissionPayableCurrent
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IncreaseDecreaseInCommissionPayableNoncurrent
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84983000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
27389000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3945000
CY2021 hyw Net Off Consideration From Capital Reduction Of Vie With Amount Due From Controlling Shareholder Of Variable Interest Entities
NetOffConsiderationFromCapitalReductionOfVIEWithAmountDueFromControllingShareholderOfVariableInterestEntities
195000000
CY2022 hyw Consideration Payable Related To Business Acquisition Of Subsidiary
ConsiderationPayableRelatedToBusinessAcquisitionOfSubsidiary
15300000
CY2022 hyw Liabilities Assumed Related To Acquisition Of Buildings And Properties
LiabilitiesAssumedRelatedToAcquisitionOfBuildingsAndProperties
73950000
CY2023 hyw Effect On Operating Assets Upon Adoption Of Asu201613
EffectOnOperatingAssetsUponAdoptionOfAsu201613
204296000
CY2023 hyw Effect On Operating Assets Upon Adoption Of Asu201613
EffectOnOperatingAssetsUponAdoptionOfAsu201613
29425000
CY2023 hyw Right Of Use Assets Obtained In Exchange For Lease Obligations Net Of Decrease Of Right Of Use Assets For Early Terminations
RightOfUseAssetsObtainedInExchangeForLeaseObligationsNetOfDecreaseOfRightOfUseAssetsForEarlyTerminations
48572000
CY2023 hyw Right Of Use Assets Obtained In Exchange For Lease Obligations Net Of Decrease Of Right Of Use Assets For Early Terminations
RightOfUseAssetsObtainedInExchangeForLeaseObligationsNetOfDecreaseOfRightOfUseAssetsForEarlyTerminations
6996000
CY2023 hyw Transfer Of Prepayment Of Other Liabilities To Lease Liabilities
TransferOfPrepaymentOfOtherLiabilitiesToLeaseLiabilities
10135000
CY2023 hyw Transfer Of Prepayment Of Other Liabilities To Lease Liabilities
TransferOfPrepaymentOfOtherLiabilitiesToLeaseLiabilities
1460000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-81000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 3.6pt;">c)  Use of estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 18pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Group continually evaluates these estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the Group believes to be reasonable under the circumstances. Significant accounting estimates reflected in the Group’s consolidated financial statements include but are not limited to estimates and judgments applied in determination of allowance for doubtful receivables and loans, impairment losses for long-lived assets, impairment of goodwill and indefinite-lived intangibles, valuation allowance for deferred tax assets, the purchase price allocation in acquisitions  and the renewal compensation for insurance. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates.</p>
CY2023Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
7.2258
CY2023Q2 hyw Foreign Currency Exchange Rate Translation Of Items In Statement Of Operation And Comprehensive Income And Statement Of Cash Flow
ForeignCurrencyExchangeRateTranslationOfItemsInStatementOfOperationAndComprehensiveIncomeAndStatementOfCashFlow
6.9429
CY2022 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
564374000
CY2023 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
415134000
CY2023 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
57452000
CY2021Q2 hyw Accounts Receivable And Contract Assets
AccountsReceivableAndContractAssets
594061000
CY2021Q2 hyw Accounts Receivable And Contract Assets
AccountsReceivableAndContractAssets
91958000
CY2022 hyw Accounts Receivable Revenue
AccountsReceivableRevenue
2055534000
CY2022 hyw Accounts Receivable Revenue
AccountsReceivableRevenue
318352000
CY2022 hyw Accounts Receivable Collection
AccountsReceivableCollection
2085221000
CY2022 hyw Accounts Receivable Collection
AccountsReceivableCollection
326218000
CY2022Q2 hyw Accounts Receivable And Contract Assets
AccountsReceivableAndContractAssets
564374000
CY2022Q2 hyw Accounts Receivable And Contract Assets
AccountsReceivableAndContractAssets
84092000
CY2023 hyw Accounts Receivable Acquisition Of Life Infinity Schmc
AccountsReceivableAcquisitionOfLifeInfinitySchmc
7715000
CY2023 hyw Accounts Receivable Acquisition Of Life Infinity Schmc
AccountsReceivableAcquisitionOfLifeInfinitySchmc
1125000
CY2023 hyw Accounts Receivable Revenue
AccountsReceivableRevenue
2197657000
CY2023 hyw Accounts Receivable Revenue
AccountsReceivableRevenue
316533000
CY2023 hyw Accounts Receivable Collection
AccountsReceivableCollection
2354648000
CY2023 hyw Accounts Receivable Collection
AccountsReceivableCollection
344298000
CY2023Q2 hyw Accounts Receivable And Contract Assets
AccountsReceivableAndContractAssets
415134000
CY2023Q2 hyw Accounts Receivable And Contract Assets
AccountsReceivableAndContractAssets
57452000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-22000
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-83000
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-12000
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
2210000
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
4
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
35412000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1942113000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2091757000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
301280000
CY2021 hyw Revenue Subject To Clawback Provision
RevenueSubjectToClawbackProvision
170000
CY2022 hyw Revenue Subject To Clawback Provision
RevenueSubjectToClawbackProvision
250000
CY2023 hyw Revenue Subject To Clawback Provision
RevenueSubjectToClawbackProvision
610000
CY2021 hyw Revenues Related To Estimated Variable Renewal Commissions With Respect To Long Term Insurance Products
RevenuesRelatedToEstimatedVariableRenewalCommissionsWithRespectToLongTermInsuranceProducts
0
CY2022 hyw Revenues Related To Estimated Variable Renewal Commissions With Respect To Long Term Insurance Products
RevenuesRelatedToEstimatedVariableRenewalCommissionsWithRespectToLongTermInsuranceProducts
0
CY2023 hyw Revenues Related To Estimated Variable Renewal Commissions With Respect To Long Term Insurance Products
RevenuesRelatedToEstimatedVariableRenewalCommissionsWithRespectToLongTermInsuranceProducts
33491000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1834422000
CY2023 hyw Maximum Amount Of Underpayment Tax
MaximumAmountOfUnderpaymentTax
100000000
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q2 us-gaap Goodwill
Goodwill
257712000
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
CY2023Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1034000
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 3.6pt;">bb)  Comparative information</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 18pt;">Certain items in prior years consolidated financial statements have been reclassified to conform to the current period’s presentation to facilitate comparison.</p>
CY2023Q2 us-gaap Goodwill
Goodwill
35666000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
35412000
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M20D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0445
CY2022Q2 hyw Deposits For Office Space Leases Other Current Assets
DepositsForOfficeSpaceLeasesOtherCurrentAssets
24852000
CY2023Q2 hyw Deposits For Office Space Leases Other Current Assets
DepositsForOfficeSpaceLeasesOtherCurrentAssets
25819000
CY2023Q2 hyw Deposits For Office Space Leases Other Current Assets
DepositsForOfficeSpaceLeasesOtherCurrentAssets
3573000
CY2022Q2 hyw Prepaid Rental And Property Management Fee Current
PrepaidRentalAndPropertyManagementFeeCurrent
16975000
CY2023Q2 hyw Prepaid Rental And Property Management Fee Current
PrepaidRentalAndPropertyManagementFeeCurrent
2540000
CY2023Q2 hyw Prepaid Rental And Property Management Fee Current
PrepaidRentalAndPropertyManagementFeeCurrent
352000
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
9377000
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
18033000
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
2495000
CY2022Q2 hyw Deposit Prepaid And Other Current Assets
DepositPrepaidAndOtherCurrentAssets
51204000
CY2023Q2 hyw Deposit Prepaid And Other Current Assets
DepositPrepaidAndOtherCurrentAssets
46392000
CY2023Q2 hyw Deposit Prepaid And Other Current Assets
DepositPrepaidAndOtherCurrentAssets
6420000
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
524883000
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
616178000
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
85275000
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
199771000
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
266493000
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
36881000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
325112000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
349685000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
48394000
CY2021 us-gaap Depreciation
Depreciation
18715000
CY2022 us-gaap Depreciation
Depreciation
25448000
CY2023 us-gaap Depreciation
Depreciation
41242000
CY2023 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
200000000
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
CY2023 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
50326000
CY2023Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
130619000
CY2023Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
18077000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16778000
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
29806000
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4125000
CY2023Q2 hyw Finite Lived Intangible Assets Accumulated Impairment
FiniteLivedIntangibleAssetsAccumulatedImpairment
2210000
CY2023Q2 hyw Finite Lived Intangible Assets Accumulated Impairment
FiniteLivedIntangibleAssetsAccumulatedImpairment
306000
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
33548000
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
98603000
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
13646000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6879000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2879000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13028000
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
2210000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
75194000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
11204000
CY2022Q2 us-gaap Goodwill
Goodwill
75194000
CY2022Q2 us-gaap Goodwill
Goodwill
11204000
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
217930000
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
30160000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
35412000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
5100000
CY2023 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-598000
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
186307000
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25784000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
83573000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11566000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
100521000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13911000
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
76696000
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
11047000
CY2023 hyw Operating Lease Interest On Lease Liabilities
OperatingLeaseInterestOnLeaseLiabilities
9113000
CY2023 hyw Operating Lease Interest On Lease Liabilities
OperatingLeaseInterestOnLeaseLiabilities
1313000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4069000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
586000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
89878000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
12946000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
77887000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
11218000
CY2023 hyw Effect On Operating Assets Upon Adoption Of Accounting Standard Update
EffectOnOperatingAssetsUponAdoptionOfAccountingStandardUpdate
204296000
CY2023 hyw Effect On Operating Assets Upon Adoption Of Accounting Standard Update
EffectOnOperatingAssetsUponAdoptionOfAccountingStandardUpdate
29425000
CY2023 hyw Right Of Use Assets Obtained In Exchange For Lease Obligations Net Of Decrease Of Right Of Use Assets For Early Terminations
RightOfUseAssetsObtainedInExchangeForLeaseObligationsNetOfDecreaseOfRightOfUseAssetsForEarlyTerminations
48572000
CY2023 hyw Right Of Use Assets Obtained In Exchange For Lease Obligations Net Of Decrease Of Right Of Use Assets For Early Terminations
RightOfUseAssetsObtainedInExchangeForLeaseObligationsNetOfDecreaseOfRightOfUseAssetsForEarlyTerminations
6996000
CY2023 hyw Transfer Of Prepayment Of Other Liabilities To Lease Liabilities
TransferOfPrepaymentOfOtherLiabilitiesToLeaseLiabilities
10135000
CY2023 hyw Transfer Of Prepayment Of Other Liabilities To Lease Liabilities
TransferOfPrepaymentOfOtherLiabilitiesToLeaseLiabilities
1460000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
98941000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13693000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
51671000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7151000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
24003000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3322000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16954000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2346000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
10770000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1490000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3953000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
547000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
206292000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28549000
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22198000
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3072000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
184094000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
25477000
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
225598000
CY2023Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
245381000
CY2023Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
33959000
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
59834000
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
81158000
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11232000
CY2022Q2 hyw Service Fee Payable Current
ServiceFeePayableCurrent
2710000
CY2023Q2 hyw Service Fee Payable Current
ServiceFeePayableCurrent
3479000
CY2023Q2 hyw Service Fee Payable Current
ServiceFeePayableCurrent
481000
CY2022Q2 hyw Payables Related To Office Rental And Property Management Fee Current
PayablesRelatedToOfficeRentalAndPropertyManagementFeeCurrent
12102000
CY2023Q2 hyw Payables Related To Office Rental And Property Management Fee Current
PayablesRelatedToOfficeRentalAndPropertyManagementFeeCurrent
1287000
CY2023Q2 hyw Payables Related To Office Rental And Property Management Fee Current
PayablesRelatedToOfficeRentalAndPropertyManagementFeeCurrent
178000
CY2023Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1034000
CY2023Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
143000
CY2022Q2 hyw Equity Purchase Payable Current
EquityPurchasePayableCurrent
19290000
CY2023Q2 hyw Equity Purchase Payable Current
EquityPurchasePayableCurrent
3990000
CY2023Q2 hyw Equity Purchase Payable Current
EquityPurchasePayableCurrent
552000
CY2022Q2 hyw Payables Related To Acquisitions
PayablesRelatedToAcquisitions
73950000
CY2023Q2 hyw Payables Related To Acquisitions
PayablesRelatedToAcquisitions
73950000
CY2023Q2 hyw Payables Related To Acquisitions
PayablesRelatedToAcquisitions
10234000
CY2022Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
12644000
CY2023Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
22938000
CY2023Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3175000
CY2022Q2 hyw Consideration Payable And Other Payables
ConsiderationPayableAndOtherPayables
406128000
CY2023Q2 hyw Consideration Payable And Other Payables
ConsiderationPayableAndOtherPayables
433217000
CY2023Q2 hyw Consideration Payable And Other Payables
ConsiderationPayableAndOtherPayables
59954000
CY2022 hyw Consideration Payable Related To Acquisition Of Vies Subsidiaries From Third Parties
ConsiderationPayableRelatedToAcquisitionOfViesSubsidiariesFromThirdParties
15300000
CY2022 us-gaap Loss Contingency Accrual Carrying Value Period Increase Decrease
LossContingencyAccrualCarryingValuePeriodIncreaseDecrease
3990000
CY2022 us-gaap Loss Contingency Accrual Carrying Value Period Increase Decrease
LossContingencyAccrualCarryingValuePeriodIncreaseDecrease
3990000
CY2021Q4 hyw Payables Related To Acquisitions
PayablesRelatedToAcquisitions
73950000
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-7853000
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1131000
CY2021 hyw Effective Income Tax Rate Reconciliation Preferential Tax Treatments And Tax Holiday Effects Amount
EffectiveIncomeTaxRateReconciliationPreferentialTaxTreatmentsAndTaxHolidayEffectsAmount
-73000
CY2022 hyw Effective Income Tax Rate Reconciliation Preferential Tax Treatments And Tax Holiday Effects Amount
EffectiveIncomeTaxRateReconciliationPreferentialTaxTreatmentsAndTaxHolidayEffectsAmount
1110000
CY2023 hyw Effective Income Tax Rate Reconciliation Preferential Tax Treatments And Tax Holiday Effects Amount
EffectiveIncomeTaxRateReconciliationPreferentialTaxTreatmentsAndTaxHolidayEffectsAmount
2578000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
295751000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
324447000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
191650000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
27604000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
86367000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
88861000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
73221000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10546000
CY2021 us-gaap Deferred Income Tax Expense Benefit
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