10-Q Filing

FAIR ISAAC CORP CIK: 814547 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000814547-19-000003`
Period End Date	20181231
Filing Date	20190130
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	fico-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 38 Cash Flow Statement 68 Stockholders Equity 11

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in usd per share)	`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`	$105.62M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.21M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$247.57M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$266.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$39.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$48.38M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$396.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$375.84M	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	`MarketableSecurities`	$17.21M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.02M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.06M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$18.06M	USD	Point-in-time
Other investments	`CostMethodInvestments`	$1.68M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	59.80M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	59.84M	shares	Point-in-time
Other investments	`CostMethodInvestments`	$1.70M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$46.86M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.84M	USD	Point-in-time
Goodwill	`Goodwill`	$798.79M	USD	Point-in-time
Goodwill	`Goodwill`	$800.89M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$14.54M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$12.91M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$13.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$14.07M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$38.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.25M	USD	Point-in-time
Total assets	`Assets`	$1.31B	USD	Point-in-time
Total assets	`Assets`	$1.33B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.25M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$55.35M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$84.29M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$31.02M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$26.08M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$103.53M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$103.33M	USD	Point-in-time
Current maturities on debt	`DebtCurrent`	$228.00M	USD	Point-in-time
Current maturities on debt	`DebtCurrent`	$235.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$433.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$473.90M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$528.94M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$604.16M	USD	Point-in-time
Other liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$40.23M	USD	Point-in-time
Other liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$40.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.04B	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 29,056 and 29,015 shares outstanding at December 31, 2018 and September 30, 2018, respectively)	`CommonStockValueOutstanding`	$291.00K	USD	Point-in-time
Common stock ($0.01 par value; 200,000 shares authorized, 88,857 shares issued and 29,056 and 29,015 shares outstanding at December 31, 2018 and September 30, 2018, respectively)	`CommonStockValueOutstanding`	$290.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.21B	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.18B	USD	Point-in-time
Treasury stock, at cost (59,801 and 59,842 shares at December 31, 2018 and September 30, 2018, respectively)	`TreasuryStockValue`	$2.61B	USD	Point-in-time
Treasury stock, at cost (59,801 and 59,842 shares at December 31, 2018 and September 30, 2018, respectively)	`TreasuryStockValue`	$2.67B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.76B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.80B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-79.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-76.42M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$287.44M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$227.90M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.31B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.33B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$232.36M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$262.26M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$74.43M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$76.07M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$35.43M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$28.97M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$90.34M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$100.26M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.50M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.79M	USD	1 Quarter
Restructuring and acquisition-related	`RestructuringAndAcquisitionRelatedCost`	-	USD	1 Quarter
Restructuring and acquisition-related	`RestructuringAndAcquisitionRelatedCost`	-	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$195.54M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$213.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$49.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$36.83M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.46M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.68M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.17M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$513.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.16M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.88M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$-2.85M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.88M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.07M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.27M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$35.95M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$36.74M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.38	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.96M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.08M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.56M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.34M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$40.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.73M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$16.51M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$21.85M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-50.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.94M	USD	1 Quarter
Net (gain) loss on marketable securities	`MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments`	$-3.05M	USD	1 Quarter
Net (gain) loss on marketable securities	`MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments`	$90.00K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$180.00K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Net (gain) loss on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-9.00K	USD	1 Quarter
Net (gain) loss on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$22.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.52M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.19M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.79M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.32M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.67M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-119.00K	USD	1 Quarter
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-28.92M	USD	1 Quarter
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-28.67M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.85M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.27M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$5.54M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$562.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$28.78M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$48.86M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.04M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.47M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$8.00K	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$102.00K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$2.30M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$1.94M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.98M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.68M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$79.00M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$103.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$20.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$35.00M	USD	1 Quarter
Payments on debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$240.00K	USD	1 Quarter
Payments on debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Proceeds from issuance of treasury stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$693.00K	USD	1 Quarter
Proceeds from issuance of treasury stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$7.55M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$42.99M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$38.87M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$82.70M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$55.26M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.68M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-50.14M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$474.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-172.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.40M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.13M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$105.62M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$79.90M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.02M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.21M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$105.62M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$79.90M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.02M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.21M	USD	Point-in-time
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$2.22M	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$1.39M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$13.44M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$7.09M	USD	1 Quarter
Purchase of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$433.00K	USD	1 Quarter
Purchase of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.48M	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$287.44M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$227.90M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.85M	USD	1 Quarter
Issuance of treasury stock under employee stock plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-35.44M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$82.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.88M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.07M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.27M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$287.44M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$227.90M	USD	Point-in-time

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