10-Q Filing

FAIR ISAAC CORP CIK: 814547 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000814547-16-000023`
Period End Date	20151231
Filing Date	20160128
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	fico-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 42 Cash Flow Statement 68 Stockholders Equity 13

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.12M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.71M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$158.77M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$139.08M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$57.76M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$41.71M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$287.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$286.60M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Marketable securities available for sale	`AvailableForSaleSecuritiesNoncurrent`	$9.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	88.86M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	88.86M	shares	Point-in-time
Marketable securities available for sale	`AvailableForSaleSecuritiesNoncurrent`	$9.57M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.29M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.37M	shares	Point-in-time
Other investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$10.96M	USD	Point-in-time
Other investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$10.96M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	57.48M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.42M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	57.57M	shares	Point-in-time
Goodwill	`Goodwill`	$810.02M	USD	Point-in-time
Goodwill	`Goodwill`	$814.75M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$43.06M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$47.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$15.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$8.23M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.56M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.36M	USD	Point-in-time
Total assets	`Assets`	$1.22B	USD	Point-in-time
Total assets	`Assets`	$1.23B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.59M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$37.84M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$54.37M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$28.77M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$30.96M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$46.70M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$51.89M	USD	Point-in-time
Current maturities on debt	`DebtCurrent`	$103.00M	USD	Point-in-time
Current maturities on debt	`DebtCurrent`	$92.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$243.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$243.88M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$516.00M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$516.00M	USD	Point-in-time
Other liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$33.29M	USD	Point-in-time
Other liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$33.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$793.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$793.16M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.01 par value; 1,000 shares authorized; none issued and outstanding)	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock ($0.01 par value; 1,000 shares authorized; none issued and outstanding)	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock ($0.01 par value; 200,000 shares authorized, 88,857 shares issued and 31,372 and 31,290 shares outstanding at December 31, 2015 and September 30, 2015, respectively)	`CommonStockValueOutstanding`	$313.00K	USD	Point-in-time
Common stock ($0.01 par value; 200,000 shares authorized, 88,857 shares issued and 31,372 and 31,290 shares outstanding at December 31, 2015 and September 30, 2015, respectively)	`CommonStockValueOutstanding`	$314.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.15B	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.14B	USD	Point-in-time
Treasury stock, at cost (57,485 and 57,567 shares at December 31, 2015 and September 30, 2015, respectively)	`TreasuryStockValue`	$2.05B	USD	Point-in-time
Treasury stock, at cost (57,485 and 57,567 shares at December 31, 2015 and September 30, 2015, respectively)	`TreasuryStockValue`	$2.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.37B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.39B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-50.72M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-56.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$437.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$422.17M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.22B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.23B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Transactional and maintenance	`TransactionalAndMaintenanceRevenue`	$147.07M	USD	1 Quarter
Transactional and maintenance	`TransactionalAndMaintenanceRevenue`	$131.41M	USD	1 Quarter
Professional services	`TechnologyServicesRevenue`	$35.20M	USD	1 Quarter
Professional services	`TechnologyServicesRevenue`	$34.15M	USD	1 Quarter
License	`LicensesRevenue`	$18.85M	USD	1 Quarter
License	`LicensesRevenue`	$22.94M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$189.55M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$200.08M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$62.19M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$66.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$22.64M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$24.63M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$72.80M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$78.84M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.93M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.58M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$164.67M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$169.24M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.83M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.88M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.72M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$7.21M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-334.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$649.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.78M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.32M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.41M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.12M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-11.45M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.96M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.62	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.94M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.18M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.13M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.44M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.44M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$14.70M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$8.79M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.68M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.99M	USD	1 Quarter
Tax effect from share-based payment arrangements	`TaxBenefitFromShareBasedCompensationOperatingActivities`	$9.62M	USD	1 Quarter
Tax effect from share-based payment arrangements	`TaxBenefitFromShareBasedCompensationOperatingActivities`	$6.38M	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$10.08M	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$6.49M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$438.00K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.86M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.84M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.81M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.02M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.89M	USD	1 Quarter
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-26.05M	USD	1 Quarter
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-16.38M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.44M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-13.85M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$3.47M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$6.81M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.36M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$40.55M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.67M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.29M	USD	1 Quarter
Distribution from cost method investees	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Distribution from cost method investees	`PaymentsForProceedsFromOtherInvestingActivities`	$-75.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.59M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.29M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$81.00M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$26.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfShortTermDebt`	$20.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfShortTermDebt`	$15.00M	USD	1 Quarter
Proceeds from issuance of treasury stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$6.71M	USD	1 Quarter
Proceeds from issuance of treasury stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.20M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$24.46M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.01M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$635.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$622.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$28.38M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$60.59M	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.49M	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$10.08M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.04M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-31.19M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.16M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-478.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.42M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.59M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$105.08M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.65M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$86.12M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.71M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$105.08M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.65M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$86.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.71M	USD	Point-in-time
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$8.84M	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$4.36M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$5.82M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$7.54M	USD	1 Quarter
Purchase of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$267.00K	USD	1 Quarter
Purchase of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$296.00K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$437.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$422.17M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.70M	USD	1 Quarter
Issuance of treasury stock under employee stock plans	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$-23.26M	USD	1 Quarter
Tax effect from share-based payment arrangements	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$9.62M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$28.38M	USD	1 Quarter
Dividends paid	`DividendsCommonStockCash`	$622.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.41M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.12M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-11.45M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$437.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$422.17M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.