$TRUE
TrueCar Inc

2022 Q2 Form 10-Q Financial Statement

#000132731822000017 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q1
Revenue $42.28M $43.53M $65.11M
YoY Change -35.72% -33.13% -17.5%
Cost Of Revenue $3.817M $4.946M $5.460M
YoY Change -33.57% -9.41% -11.65%
Gross Profit $38.46M $38.59M $59.65M
YoY Change -35.92% -35.31% -18.0%
Gross Profit Margin 90.97% 88.64% 91.62%
Selling, General & Admin $37.26M $38.81M $52.78M
YoY Change -27.41% -26.47% -9.27%
% of Gross Profit 96.89% 100.56% 88.48%
Research & Development $11.38M $10.26M $11.19M
YoY Change 5.57% -8.36% -5.97%
% of Gross Profit 29.59% 26.58% 18.76%
Depreciation & Amortization $3.785M $3.660M $4.312M
YoY Change -17.56% -15.12% -14.26%
% of Gross Profit 9.84% 9.49% 7.23%
Operating Expenses $37.26M $38.81M $52.78M
YoY Change -27.41% -26.47% -9.27%
Operating Profit -$13.97M -$14.13M -$8.635M
YoY Change 109.1% 63.67% -18.68%
Interest Expense $375.0K $1.776M -$310.0K
YoY Change -209.01% -672.9%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $630.0K
YoY Change -100.0% -100.0%
Pretax Income -$13.59M -$12.36M -$8.324M
YoY Change 94.69% 48.45% -21.63%
Income Tax -$2.574M $57.00K $94.00K
% Of Pretax Income
Net Earnings -$11.02M -$12.41M -$8.418M
YoY Change 51.3% 47.47% -21.1%
Net Earnings / Revenue -26.07% -28.52% -12.93%
Basic Earnings Per Share -$0.13 -$0.09
Diluted Earnings Per Share -$121.1K -$0.13 -$0.09
COMMON SHARES
Basic Shares Outstanding 90.42M shares 95.92M shares 98.58M shares
Diluted Shares Outstanding 91.02M shares 95.92M shares 98.58M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.7M $234.8M $274.6M
YoY Change -25.23% -14.5% 50.14%
Cash & Equivalents $199.7M $234.8M $274.6M
Short-Term Investments
Other Short-Term Assets $5.119M $6.015M $4.057M
YoY Change 28.26% 48.26% -1.51%
Inventory
Prepaid Expenses $7.914M $6.004M $4.905M
Receivables $14.57M $15.11M $28.31M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $227.3M $261.9M $311.8M
YoY Change -24.84% -16.01% 33.57%
LONG-TERM ASSETS
Property, Plant & Equipment $18.78M $18.88M $20.63M
YoY Change -3.5% -8.47% -28.14%
Goodwill $59.78M $51.21M $51.21M
YoY Change 16.74% 0.0% -18.88%
Intangibles $16.36M $4.538M $6.188M
YoY Change 183.22% -26.66% -60.62%
Long-Term Investments $0.00 $0.00 $19.58M
YoY Change -100.0% -100.0% -9.0%
Other Assets $4.252M $4.316M $4.709M
YoY Change -9.97% -8.35% 27.58%
Total Long-Term Assets $117.9M $101.4M $130.4M
YoY Change -6.54% -22.22% -22.04%
TOTAL ASSETS
Total Short-Term Assets $227.3M $261.9M $311.8M
Total Long-Term Assets $117.9M $101.4M $130.4M
Total Assets $345.2M $363.4M $442.3M
YoY Change -19.46% -17.84% 10.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.25M $11.08M $13.83M
YoY Change -37.5% -19.86% -21.8%
Accrued Expenses $11.70M $9.746M $16.06M
YoY Change -17.88% -39.33% 11.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $31.59M $29.22M $39.29M
YoY Change -22.89% -25.63% -1.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $25.38M $24.79M $86.00K
YoY Change 115240.91% 28724.42% -96.37%
Total Long-Term Liabilities $25.38M $24.79M $86.00K
YoY Change 115240.91% 28724.42% -96.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.59M $29.22M $39.29M
Total Long-Term Liabilities $25.38M $24.79M $86.00K
Total Liabilities $57.10M $54.13M $70.08M
YoY Change -18.78% -22.76% -10.52%
SHAREHOLDERS EQUITY
Retained Earnings -$417.3M -$406.3M -$363.9M
YoY Change 12.41% 11.63% -17.8%
Common Stock $705.3M $715.5M $736.1M
YoY Change -3.3% -2.8% -3.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $288.1M $309.2M $372.2M
YoY Change
Total Liabilities & Shareholders Equity $345.2M $363.4M $442.3M
YoY Change -19.46% -17.84% 10.36%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$11.02M -$12.41M -$8.418M
YoY Change 51.3% 47.47% -21.1%
Depreciation, Depletion And Amortization $3.785M $3.660M $4.312M
YoY Change -17.56% -15.12% -14.26%
Cash From Operating Activities -$6.085M -$7.465M $5.479M
YoY Change -164.0% -236.25% -1.28%
INVESTING ACTIVITIES
Capital Expenditures -$2.501M $3.379M $2.816M
YoY Change -3.44% 19.99% -10.72%
Acquisitions
YoY Change
Other Investing Activities -$12.09M $12.80M $7.500M
YoY Change 70.67%
Cash From Investing Activities -$14.59M $9.421M $4.684M
YoY Change 463.47% 101.13% -233.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $11.53M $7.829M
YoY Change 47.27%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.42M -$12.39M -$8.904M
YoY Change 0.02% 39.16% 1129.83%
NET CHANGE
Cash From Operating Activities -6.085M -$7.465M $5.479M
Cash From Investing Activities -14.59M $9.421M $4.684M
Cash From Financing Activities -14.42M -$12.39M -$8.904M
Net Change In Cash -35.10M -$10.44M $1.259M
YoY Change 367.95% -928.83% -4.69%
FREE CASH FLOW
Cash From Operating Activities -$6.085M -$7.465M $5.479M
Capital Expenditures -$2.501M $3.379M $2.816M
Free Cash Flow -$3.584M -$10.84M $2.663M
YoY Change -129.62% -507.21% 11.14%

Facts In Submission

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IncreaseDecreaseInAccountsPayable
717000 USD
CY2021Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
7500000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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9421000 USD
CY2022Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1529000 USD
CY2021Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1745000 USD
CY2022Q1 true Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-1383000 USD
CY2021Q1 true Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-1253000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-180000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2607000 USD
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0 USD
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-302000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7465000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5479000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3379000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2816000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
12800000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
9421000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2816000 USD
CY2022Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4684000 USD
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
163000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
567000 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1024000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1642000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11530000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7829000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12391000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8904000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10435000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1259000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
245217000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
273314000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234782000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
274573000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
246000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
347000 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
588000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
585000 USD
CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
Organization and Nature of Business<div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TrueCar, Inc. is an Internet-based information, technology, and communication services company. Hereinafter, TrueCar, Inc. and its wholly owned subsidiaries TrueCar Dealer Solutions, Inc. and DealerScience, LLC are collectively referred to as “TrueCar” or the “Company”; TrueCar Dealer Solutions, Inc. is referred to as “TCDS” and DealerScience, LLC is referred to as “DealerScience.” TrueCar was incorporated in the state of Delaware in February 2005 and began business operations in April 2005. Its principal corporate offices are located in Santa Monica, California.</span></div><div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TrueCar is a digital automotive marketplace that (i) provides pricing transparency about what other people paid for their cars and enables consumers to engage with TrueCar Certified Dealers who are committed to providing a superior purchase experience; (ii) empowers Certified Dealers to attract these informed, in-market consumers in a cost-effective, accountable manner; and (iii) allows automobile manufacturers (“OEMs”) to more effectively target their incentive spending at deep-in-market consumers during their purchase process. TrueCar has established a diverse software ecosystem on a common technology infrastructure, powered by proprietary data and analytics. Consumers access TrueCar’s platform through the TrueCar.com website and TrueCar mobile applications or through the car buying websites and mobile applications that TrueCar operates for its affinity group marketing partners (“Auto Buying Programs”). An affinity group is comprised of a network of members or employees that provides discounts to its members.</span></div><div style="margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Through its subsidiary TCDS, the Company provides its TrueCar Trade and Payments products. Our Trade solution gives consumers information on the value of their trade-in vehicles and enables them to obtain a guaranteed trade-in price before setting foot in the dealership. This valuation is, in turn, backed by a third-party guarantee to dealers that the vehicles will be repurchased at the indicated price if the dealer does not want to keep them. The Company’s Payments solution leverages the digital retailing technology of its DealerScience subsidiary, acquired in December 2018, to help consumers calculate accurate monthly payments.</span></div>
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt;margin-top:6pt;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 management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Assets and liabilities that are subject to judgment and use of estimates include sales allowances and allowances for doubtful accounts, contract assets, the recoverability and related impairment of goodwill and long-lived assets, valuation allowances with respect to deferred tax assets, useful lives associated with property and equipment and intangible assets, right-of-use assets and operating lease liabilities, contingencies, the valuation and assumptions underlying stock-based compensation and other equity instruments, and valuation of derivatives. On an ongoing basis, the Company evaluates its estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities. In addition, the Company engaged valuation specialists to assist with management’s determination of the fair values of its single reporting unit related to goodwill impairment, right-of-use assets and lease liabilities, assets and liabilities assumed in business combinations, assets and liabilities of its equity method investment and performance-based stock units.</span></div>
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3099000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7147000 USD
CY2022Q1 true Allowance For Doubtful Accounts Receivable Reduction In Revenue
AllowanceForDoubtfulAccountsReceivableReductionInRevenue
790000 USD
CY2021Q1 true Allowance For Doubtful Accounts Receivable Reduction In Revenue
AllowanceForDoubtfulAccountsReceivableReductionInRevenue
1279000 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
160000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
232000 USD
CY2022Q1 true Allowance For Doubtful Accounts Receivable Write Offs Net Of Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsNetOfRecoveries
1536000 USD
CY2021Q1 true Allowance For Doubtful Accounts Receivable Write Offs Net Of Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsNetOfRecoveries
2509000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2513000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6149000 USD
CY2020 true Disposal Group Including Discontinued Operation Transaction Costs Period
DisposalGroupIncludingDiscontinuedOperationTransactionCostsPeriod
P5Y
CY2020 true Disposal Group Including Discontinued Operation Transaction Costs Period
DisposalGroupIncludingDiscontinuedOperationTransactionCostsPeriod
P5Y
CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1700000 USD
CY2022Q1 true Probability Of Meeting Fair Value Measurement Criteria
ProbabilityOfMeetingFairValueMeasurementCriteria
0.90
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
95872000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
96695000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
76992000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
77540000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18880000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19155000 USD
CY2022Q1 true Property Plant And Equipment Gross Assets Not Placed In Service
PropertyPlantAndEquipmentGrossAssetsNotPlacedInService
1200000 USD
CY2021Q4 true Property Plant And Equipment Gross Assets Not Placed In Service
PropertyPlantAndEquipmentGrossAssetsNotPlacedInService
1300000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3498000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6385000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
246000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
347000 USD
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
3744000 USD
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
6732000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1100000 USD
CY2022Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
1100000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-12414000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-8418000 USD
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95924000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95924000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98581000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98581000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17210000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17590000 shares
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000 USD
CY2021Q2 true Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
75000000 USD
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 USD
CY2022Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
3100000 shares
CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
11000000 USD
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
64500000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43533000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65105000 USD
CY2022Q1 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
900000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
800000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
900000 USD

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