2022 Q2 Form 10-Q Financial Statement

#000179451522000079 Filed on May 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q1
Revenue $267.1M $241.7M $153.3M
YoY Change 53.51% 57.66% 50.0%
Cost Of Revenue $46.90M $43.90M $27.60M
YoY Change 57.91% 59.06% 35.96%
Gross Profit $220.1M $197.7M $125.2M
YoY Change 53.17% 57.91% 53.06%
Gross Profit Margin 82.4% 81.8% 81.67%
Selling, General & Admin $124.4M $111.9M $67.60M
YoY Change 73.26% 65.53% 53.29%
% of Gross Profit 56.52% 56.6% 53.99%
Research & Development $49.50M $45.60M $20.40M
YoY Change 106.25% 123.53% 106.06%
% of Gross Profit 22.49% 23.07% 16.29%
Depreciation & Amortization $4.600M $20.00M $15.50M
YoY Change 31.43% 29.03% 715.79%
% of Gross Profit 2.09% 10.12% 12.38%
Operating Expenses $180.6M $165.3M $97.20M
YoY Change 75.68% 70.06% 58.05%
Operating Profit $39.50M $32.40M $28.00M
YoY Change -3.42% 15.71% 37.93%
Interest Expense $11.70M $11.80M $6.500M
YoY Change 15.84% 81.54% -73.47%
% of Operating Profit 29.62% 36.42% 23.21%
Other Income/Expense, Net -$1.400M -$1.400M $200.0K
YoY Change 1300.0% -800.0% 100.0%
Pretax Income $26.40M $19.20M $15.80M
YoY Change -14.01% 21.52% -350.79%
Income Tax $10.50M $13.00M $49.70M
% Of Pretax Income 39.77% 67.71% 314.56%
Net Earnings $15.90M $6.200M $3.200M
YoY Change 70.97% 93.75%
Net Earnings / Revenue 5.95% 2.57% 2.09%
Basic Earnings Per Share $0.04 $0.02 $0.02
Diluted Earnings Per Share $0.04 $0.02 $0.02
COMMON SHARES
Basic Shares Outstanding 403.4M shares 403.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $365.6M $406.8M $353.7M
YoY Change -8.53% 15.01% 461.43%
Cash & Equivalents $352.7M $394.4M $229.1M
Short-Term Investments $12.90M $12.40M $124.6M
Other Short-Term Assets $41.30M $33.50M $13.40M
YoY Change 161.39% 150.0% -37.38%
Inventory
Prepaid Expenses
Receivables $161.9M $166.3M $115.2M
Other Receivables $6.000M $6.000M $1.000M
Total Short-Term Assets $578.8M $617.2M $485.5M
YoY Change 9.21% 27.13% 180.96%
LONG-TERM ASSETS
Property, Plant & Equipment $47.80M $44.90M $30.50M
YoY Change 43.54% 47.21% -50.08%
Goodwill $1.696B $1.573B $1.000B
YoY Change 65.64% 57.32%
Intangibles $431.4M $414.5M $354.1M
YoY Change 21.83% 17.06%
Long-Term Investments
YoY Change
Other Assets $4.195B $4.215B $646.2M
YoY Change 413.16% 552.29% 3746.43%
Total Long-Term Assets $6.430B $6.307B $2.062B
YoY Change 180.37% 205.94% 46.72%
TOTAL ASSETS
Total Short-Term Assets $578.8M $617.2M $485.5M
Total Long-Term Assets $6.430B $6.307B $2.062B
Total Assets $7.009B $6.924B $2.547B
YoY Change 148.24% 171.86% 61.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.90M $17.40M $13.80M
YoY Change -3.86% 26.09% 2.99%
Accrued Expenses $84.50M $71.00M $56.70M
YoY Change 18.51% 25.22% 29.16%
Deferred Revenue $410.1M $403.8M $260.6M
YoY Change 49.62% 54.95%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $535.8M $515.9M $348.2M
YoY Change 38.99% 48.16% 46.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.234B $1.234B $738.7M
YoY Change 66.98% 67.0% -39.95%
Other Long-Term Liabilities $2.800M $3.900M $5.600M
YoY Change -54.1% -30.36% -87.96%
Total Long-Term Liabilities $1.237B $1.238B $744.3M
YoY Change 65.99% 66.26% -41.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $535.8M $515.9M $348.2M
Total Long-Term Liabilities $1.237B $1.238B $744.3M
Total Liabilities $4.885B $4.865B $1.600B
YoY Change 166.68% 204.03% 0.14%
SHAREHOLDERS EQUITY
Retained Earnings $134.9M $119.0M -$800.0K
YoY Change 1487.06% -14975.0%
Common Stock $4.000M $4.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.124B $2.059B $554.3M
YoY Change
Total Liabilities & Shareholders Equity $7.009B $6.924B $2.547B
YoY Change 148.24% 171.86% 61.42%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $15.90M $6.200M $3.200M
YoY Change 70.97% 93.75%
Depreciation, Depletion And Amortization $4.600M $20.00M $15.50M
YoY Change 31.43% 29.03% 715.79%
Cash From Operating Activities $106.2M $105.0M $93.00M
YoY Change 19.86% 12.9% 228.62%
INVESTING ACTIVITIES
Capital Expenditures -$8.200M -$6.600M -$4.700M
YoY Change 30.16% 40.43% 14.63%
Acquisitions -$2.100M $200.0K
YoY Change -1150.0%
Other Investing Activities -$136.2M -$2.000M -$94.30M
YoY Change -617.87% -97.88%
Cash From Investing Activities -$144.4M -$8.600M -$99.00M
YoY Change -822.0% -91.31% 2314.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $356.4M
YoY Change -100.0% 16100.0%
Cash From Financing Activities -3.500M -$10.30M -$33.80M
YoY Change -32.69% -69.53% 1200.0%
NET CHANGE
Cash From Operating Activities 106.2M $105.0M $93.00M
Cash From Investing Activities -144.4M -$8.600M -$99.00M
Cash From Financing Activities -3.500M -$10.30M -$33.80M
Net Change In Cash -41.70M $86.10M -$39.80M
YoY Change -140.33% -316.33% -284.26%
FREE CASH FLOW
Cash From Operating Activities $106.2M $105.0M $93.00M
Capital Expenditures -$8.200M -$6.600M -$4.700M
Free Cash Flow $114.4M $111.6M $97.70M
YoY Change 20.55% 14.23% 201.54%

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StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
6200000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
16900000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
42500000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2059400000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
939600000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
17000000.0 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1600000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
500000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-33900000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10200000 USD
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3000000.0 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18100000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
946900000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
6200000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-33900000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20000000.0 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15500000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
700000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
500000 USD
CY2022Q1 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
14100000 USD
CY2021Q1 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
8700000 USD
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2700000 USD
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5900000 USD
CY2022Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
200000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
42500000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
18100000 USD
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10700000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
47000000.0 USD
CY2022Q1 zi Tax Receivable Agreement Remeasurement
TaxReceivableAgreementRemeasurement
-900000 USD
CY2021Q1 zi Tax Receivable Agreement Remeasurement
TaxReceivableAgreementRemeasurement
0 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
400000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
700000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-20100000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5100000 USD
CY2022Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
4800000 USD
CY2021Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
900000 USD
CY2022Q1 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
18600000 USD
CY2021Q1 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
9800000 USD
CY2022Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1200000 USD
CY2021Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1400000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1500000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5200000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-29400000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-12600000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
41900000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
39200000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
105000000.0 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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93000000.0 USD
CY2022Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
11100000 USD
CY2021Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
103600000 USD
CY2022Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
17000000.0 USD
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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9500000 USD
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6600000 USD
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4700000 USD
CY2022Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
10000000.0 USD
CY2021Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
200000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8600000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1100000 USD
CY2021Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
9200000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
350000000.0 USD
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
356400000 USD
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
400000 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5700000 USD
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
300000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
500000 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3800000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2200000 USD
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
300000 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2022Q1 zi Payments For Tax Receivable Agreements
PaymentsForTaxReceivableAgreements
5000000.0 USD
CY2021Q1 zi Payments For Tax Receivable Agreements
PaymentsForTaxReceivableAgreements
0 USD
CY2022Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
CY2021Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
10800000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10300000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-33800000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
86100000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-39800000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
314100000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
271000000.0 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
400200000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
231200000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
394400000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
229100000 USD
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2021Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
100000 USD
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
5800000 USD
CY2021Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2000000.0 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
400200000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
231200000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
19500000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
6800000 USD
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
1300000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2022Q1 zi Noncash Investing And Financing Activities Deferred Variable Consideration From Business Acquisition
NoncashInvestingAndFinancingActivitiesDeferredVariableConsiderationFromBusinessAcquisition
1100000 USD
CY2021Q1 zi Noncash Investing And Financing Activities Deferred Variable Consideration From Business Acquisition
NoncashInvestingAndFinancingActivitiesDeferredVariableConsiderationFromBusinessAcquisition
0 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1300000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2022Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
We refer to the Reclassification, together with the Blocker Mergers and the ZoomInfo HoldCo Contributions, as the “Reorganization Transactions.” Following the Reorganization Transactions, ZoomInfo Technologies Inc. became a holding company, with its sole material asset being a controlling equity interest in ZoomInfo HoldCo, which became a holding company with its sole material asset being a controlling equity interest in ZoomInfo OpCo. ZoomInfo Technologies Inc. will operate and control all of the business and affairs, and consolidate the financial results, of ZoomInfo OpCo through ZoomInfo HoldCo and, through ZoomInfo OpCo and its subsidiaries, conduct our business. Accordingly, ZoomInfo Technologies Inc. consolidates the financial results of ZoomInfo HoldCo, and therefore ZoomInfo OpCo, and reports the non-controlling interests of the Pre-IPO HoldCo Units and Pre-IPO OpCo Units on its consolidated financial statements.
CY2020Q2 zi Number Of Tax Receivable Agreements
NumberOfTaxReceivableAgreements
2 agreement
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt"><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="margin-bottom:9pt;text-align:justify;text-indent:18pt"><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 U.S. GAAP requires us to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. We base these estimates on historical and anticipated results, trends, and other assumptions with respect to future events that we believe are reasonable and evaluate our estimates on an ongoing basis. Given that estimates and judgments are required, actual results may differ from our estimates and such differences could be material to our consolidated financial position and results of operations.</span></div>
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentrations of Credit Risk and Significant CustomersFinancial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, short-term investments, and accounts receivable. The Company holds cash at major financial institutions that often exceed Federal Deposit Insurance Corporation (“FDIC”) insured limits. The Company manages its credit risk associated with cash concentrations by concentrating its cash deposits in high-quality financial institutions and by periodically evaluating the credit quality of the primary financial institutions holding such deposits. The carrying value of cash approximates fair value. Our investment portfolio is comprised of highly rated securities with a weighted-average maturity of less than 12 months in accordance with our investment policy which seeks to preserve principal and maintain a high degree of liquidity. Historically, the Company has not experienced any losses due to such cash concentrations. The Company does not have any off-balance-sheet credit exposure related to its customers. Concentrations of credit risk with respect to accounts receivable and revenue are limited due to a large, diverse customer base. We do not require collateral from clients. We maintain an allowance for doubtful accounts based upon the expected collectability of accounts receivable. The Company performs ongoing credit evaluations of its customers and maintains allowances for possible losses, which, when realized, have been within the range of management’s expectations.
CY2022Q1 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
27300000 USD
CY2021Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
34100000 USD
CY2022Q1 us-gaap Advertising Expense
AdvertisingExpense
7500000 USD
CY2021Q1 us-gaap Advertising Expense
AdvertisingExpense
3900000 USD
CY2022Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2022Q1 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2021Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q2 zi Number Of Tax Receivable Agreements
NumberOfTaxReceivableAgreements
2 agreement
CY2020Q2 zi Payment Provided As Percent Of Net Cash Savings
PaymentProvidedAsPercentOfNetCashSavings
0.85
CY2020Q2 zi Benefit Retained As Percent Of Net Cash Savings
BenefitRetainedAsPercentOfNetCashSavings
0.15
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
241700000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
153300000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
172600000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
108300000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
4600000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
3700000 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
406100000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
364200000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
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715000000.0 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
202600000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
917600000 USD
CY2022Q1 us-gaap Cash
Cash
305800000 USD
CY2022Q1 us-gaap Cash
Cash
305800000 USD
CY2022Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
88600000 USD
CY2022Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
88600000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
394400000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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394400000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
12400000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
12400000 USD
CY2022Q1 zi Cash Cash Equivalents And Debt Securities Available For Sale Amortized Cost
CashCashEquivalentsAndDebtSecuritiesAvailableForSaleAmortizedCost
406800000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2022Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
406800000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
308300000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2021Q4 us-gaap Cash
Cash
276500000 USD
CY2021Q4 us-gaap Cash
Cash
276500000 USD
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
31800000 USD
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
31800000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
308300000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
18400000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
18400000 USD
CY2021Q4 zi Cash Cash Equivalents And Debt Securities Available For Sale Amortized Cost
CashCashEquivalentsAndDebtSecuritiesAvailableForSaleAmortizedCost
326700000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
326700000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
12400000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
12400000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
18400000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
18400000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
12400000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
12400000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
18400000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
18400000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
77900000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
71400000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
33000000.0 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
29700000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44900000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
41700000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
3500000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
3900000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
595100000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
213600000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
381500000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
1573400000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
1573400000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16500000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11600000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
1575100000 USD
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-1700000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
1573400000 USD
CY2021Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
1233600000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1232900000 USD
CY2022Q1 us-gaap Long Term Debt Current
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0 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1233600000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
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1232900000 USD
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-7700000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
39000000.0 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
700000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
16000000.0 USD
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DerivativeFairValueOfDerivativeLiability
2800000 USD
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30900000 USD
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IncomeTaxExaminationPenaltiesAccrued
2600000 USD
CY2021Q4 us-gaap Income Tax Examination Penalties Accrued
IncomeTaxExaminationPenaltiesAccrued
3100000 USD
CY2021Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
10800000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
6200000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-33900000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-37100000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6200000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3200000 USD
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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5983638 shares
CY2022Q1 zi Lessor Operating Lease Remaining Sublease Term
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P4Y
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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209273129 shares
CY2022Q1 zi Lessee Operating Lease Number Of Offices Subleased
LesseeOperatingLeaseNumberOfOfficesSubleased
2 office
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
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59100000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
59800000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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8100000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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8100000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
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60600000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
61500000 USD
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
3300000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
2400000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3200000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2200000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
300000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1800000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y7M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y7M6D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.044
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.044
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4000000.0 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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12300000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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17500000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10800000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4700000 USD
CY2022Q1 zi Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
37000000.0 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
86300000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17600000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
68700000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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8100000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
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60600000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
68700000 USD
CY2022Q1 zi Lessee Operating Lease Lease Not Yet Commenced Undiscounted Amount
LesseeOperatingLeaseLeaseNotYetCommencedUndiscountedAmount
331400000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
340000000.0 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
CY2022Q1 zi Tax Receivable Agreement Tax Benefits Realized Which Must Then Be Paid Percentage
TaxReceivableAgreementTaxBenefitsRealizedWhichMustThenBePaidPercentage
0.850
CY2022Q1 zi Tax Receivable Agreement Tax Benefits Realized Which Must Then Be Paid Percentage
TaxReceivableAgreementTaxBenefitsRealizedWhichMustThenBePaidPercentage
0.850
CY2022Q1 zi Tax Receivable Agreement Tax Benefits Realized Which Must Then Be Paid Percentage
TaxReceivableAgreementTaxBenefitsRealizedWhichMustThenBePaidPercentage
0.850
CY2022Q1 zi Tax Receivable Agreement Cash Savings Realized Percentage
TaxReceivableAgreementCashSavingsRealizedPercentage
0.150
CY2022Q1 us-gaap Accrued Income Taxes
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3052200000 USD
CY2022Q1 zi Payments For Tax Receivable Agreements
PaymentsForTaxReceivableAgreements
5000000 USD
CY2022Q1 zi Tax Receivable Agreement Remeasurement
TaxReceivableAgreementRemeasurement
-900000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
49700000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.676
CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD

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