2022 Q4 Form 10-Q Financial Statement

#000179451522000173 Filed on November 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $301.6M $287.6M
YoY Change 35.67% 45.55%
Cost Of Revenue $49.20M $48.20M
YoY Change 22.69% 29.22%
Gross Profit $252.4M $239.4M
YoY Change 38.53% 49.91%
Gross Profit Margin 83.69% 83.24%
Selling, General & Admin $138.6M $127.6M
YoY Change 36.42% 43.86%
% of Gross Profit 54.91% 53.3%
Research & Development $54.10M $54.20M
YoY Change 33.58% 57.56%
% of Gross Profit 21.43% 22.64%
Depreciation & Amortization $22.60M $4.800M
YoY Change 14.72% 65.52%
% of Gross Profit 8.95% 2.01%
Operating Expenses $198.2M $187.6M
YoY Change 34.46% 34.48%
Operating Profit $54.20M $51.80M
YoY Change 55.75% 156.44%
Interest Expense -$12.50M $11.60M
YoY Change -6.72% -16.55%
% of Operating Profit -23.06% 22.39%
Other Income/Expense, Net $29.40M $9.800M
YoY Change -24.81% 9700.0%
Pretax Income $99.00M $50.00M
YoY Change 98.4% 986.96%
Income Tax $75.80M $32.10M
% Of Pretax Income 76.57% 64.2%
Net Earnings $23.20M $17.90M
YoY Change -83.99% -144.09%
Net Earnings / Revenue 7.69% 6.22%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $0.06 $0.04
COMMON SHARES
Basic Shares Outstanding 403.7M shares 403.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $545.7M $438.7M
YoY Change 67.03% 88.04%
Cash & Equivalents $418.0M $406.3M
Short-Term Investments $127.7M $32.40M
Other Short-Term Assets $52.10M $48.80M
YoY Change 122.65% -9.96%
Inventory
Prepaid Expenses
Receivables $222.9M $164.9M
Other Receivables $5.600M $6.100M
Total Short-Term Assets $832.0M $663.2M
YoY Change 52.46% 62.27%
LONG-TERM ASSETS
Property, Plant & Equipment $52.10M $50.20M
YoY Change 24.94% 29.72%
Goodwill $1.693B $1.696B
YoY Change 7.47% 7.67%
Intangibles $395.6M $413.5M
YoY Change -8.21% -7.56%
Long-Term Investments
YoY Change
Other Assets $4.101B $4.171B
YoY Change -2.35% 2.32%
Total Long-Term Assets $6.304B $6.396B
YoY Change -0.04% 3.17%
TOTAL ASSETS
Total Short-Term Assets $832.0M $663.2M
Total Long-Term Assets $6.304B $6.396B
Total Assets $7.136B $7.059B
YoY Change 4.14% 6.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.60M $22.00M
YoY Change 123.9% -11.65%
Accrued Expenses $104.1M $89.50M
YoY Change 0.77% 15.34%
Deferred Revenue $416.8M $379.7M
YoY Change 15.3% 32.95%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $572.7M $518.0M
YoY Change 12.83% 26.99%
LONG-TERM LIABILITIES
Long-Term Debt $1.236B $1.235B
YoY Change 0.23% 0.23%
Other Long-Term Liabilities $5.500M $2.300M
YoY Change 96.43% -67.14%
Total Long-Term Liabilities $1.241B $1.237B
YoY Change 0.45% -0.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $572.7M $518.0M
Total Long-Term Liabilities $1.241B $1.237B
Total Liabilities $4.865B $4.863B
YoY Change 0.2% 1.87%
SHAREHOLDERS EQUITY
Retained Earnings $176.0M $152.8M
YoY Change 56.03% -576.01%
Common Stock $4.000M $4.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.272B $2.196B
YoY Change
Total Liabilities & Shareholders Equity $7.136B $7.059B
YoY Change 4.14% 6.83%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $23.20M $17.90M
YoY Change -83.99% -144.09%
Depreciation, Depletion And Amortization $22.60M $4.800M
YoY Change 14.72% 65.52%
Cash From Operating Activities $120.1M $85.70M
YoY Change 68.44% 84.3%
INVESTING ACTIVITIES
Capital Expenditures -$11.80M -$25.90M
YoY Change 51.28% 439.58%
Acquisitions
YoY Change
Other Investing Activities -$112.6M -$1.400M
YoY Change -319.07% -99.79%
Cash From Investing Activities -$100.8M -$27.30M
YoY Change -331.19% -95.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.600M -4.500M
YoY Change 123.53% -100.93%
NET CHANGE
Cash From Operating Activities 120.1M 85.70M
Cash From Investing Activities -100.8M -27.30M
Cash From Financing Activities -7.600M -4.500M
Net Change In Cash 11.70M 53.90M
YoY Change -89.51% -140.83%
FREE CASH FLOW
Cash From Operating Activities $120.1M $85.70M
Capital Expenditures -$11.80M -$25.90M
Free Cash Flow $131.9M $111.6M
YoY Change 66.75% 117.54%

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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
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us-gaap Use Of Estimates
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<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>
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 credit losses 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.
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Files In Submission

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