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10-Q Filing

OPEN TEXT CORP CIK: 1002638 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001002638-12-000022
Period End Date 20120930
Filing Date 20121101
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance otex-20120930.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Accounts receivable trade, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $6.05M USD Point-in-time
Accounts receivable trade, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $5.66M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $284.14M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $559.75M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 58.48M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 58.36M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $119.29M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $302.24M USD Point-in-time
Accounts receivable trade, net of allowance for doubtful accounts of $6,051 as of September 30, 2012 and $5,655 as of June 30, 2012 (note 3) AccountsReceivableNetCurrent $163.66M USD Point-in-time
Accounts receivable trade, net of allowance for doubtful accounts of $6,051 as of September 30, 2012 and $5,655 as of June 30, 2012 (note 3) AccountsReceivableNetCurrent $169.97M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 58.48M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 58.36M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 793,494.00 shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 793,494.00 shares Point-in-time
Income taxes recoverable (note 13) IncomeTaxesReceivable $17.85M USD Point-in-time
Income taxes recoverable (note 13) IncomeTaxesReceivable $14.59M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $44.01M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $45.63M USD Point-in-time
Deferred tax assets (note 13) DeferredTaxAssetsNetCurrent $12.45M USD Point-in-time
Deferred tax assets (note 13) DeferredTaxAssetsNetCurrent $4.00M USD Point-in-time
Total current assets AssetsCurrent $789.27M USD Point-in-time
Total current assets AssetsCurrent $544.87M USD Point-in-time
Property and equipment (note 4) PropertyPlantAndEquipmentNet $85.33M USD Point-in-time
Property and equipment (note 4) PropertyPlantAndEquipmentNet $81.16M USD Point-in-time
Goodwill (note 5) Goodwill $1.04B USD Point-in-time
Goodwill (note 5) Goodwill $1.21B USD Point-in-time
Acquired intangible assets (note 6) IntangibleAssetsNetExcludingGoodwill $468.70M USD Point-in-time
Acquired intangible assets (note 6) IntangibleAssetsNetExcludingGoodwill $312.56M USD Point-in-time
Deferred tax assets (note 13) DeferredTaxAssetsNetNoncurrent $115.13M USD Point-in-time
Deferred tax assets (note 13) DeferredTaxAssetsNetNoncurrent $142.54M USD Point-in-time
Other assets (note 7) OtherAssetsNoncurrent $23.76M USD Point-in-time
Other assets (note 7) OtherAssetsNoncurrent $23.74M USD Point-in-time
Deferred charges (note 8) DeferredCosts $65.59M USD Point-in-time
Deferred charges (note 8) DeferredCosts $68.65M USD Point-in-time
Long-term income taxes recoverable (note 13) IncomeTaxesReceivableNoncurrent $13.54M USD Point-in-time
Long-term income taxes recoverable (note 13) IncomeTaxesReceivableNoncurrent $13.42M USD Point-in-time
Total assets Assets $2.44B USD Point-in-time
Total assets Assets $2.56B USD Point-in-time
Accounts payable and accrued liabilities (note 9) CurrentAccountsPayableAndAccruedLiabilitiesPlusOtherAccruals $179.21M USD Point-in-time
Accounts payable and accrued liabilities (note 9) CurrentAccountsPayableAndAccruedLiabilitiesPlusOtherAccruals $131.73M USD Point-in-time
Current portion of long-term debt (note 10) LongTermDebtCurrent $41.68M USD Point-in-time
Current portion of long-term debt (note 10) LongTermDebtCurrent $41.37M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $259.06M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $273.99M USD Point-in-time
Income taxes payable (note 13) AccruedIncomeTaxesCurrent $16.31M USD Point-in-time
Income taxes payable (note 13) AccruedIncomeTaxesCurrent $27.81M USD Point-in-time
Deferred tax liabilities (note 13) DeferredTaxLiabilitiesCurrent $1.35M USD Point-in-time
Deferred tax liabilities (note 13) DeferredTaxLiabilitiesCurrent $1.61M USD Point-in-time
Total current liabilities LiabilitiesCurrent $497.61M USD Point-in-time
Total current liabilities LiabilitiesCurrent $476.51M USD Point-in-time
Accrued liabilities (note 9) NonCurrentAccountsPayableAndAccruedLiabilitiesPlusOtherAccruals $14.25M USD Point-in-time
Accrued liabilities (note 9) NonCurrentAccountsPayableAndAccruedLiabilitiesPlusOtherAccruals $18.39M USD Point-in-time
Deferred credits (note 8) OtherDeferredCreditsNoncurrent $9.52M USD Point-in-time
Deferred credits (note 8) OtherDeferredCreditsNoncurrent $10.09M USD Point-in-time
Pension liability (note 11) PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $23.46M USD Point-in-time
Pension liability (note 11) PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $22.07M USD Point-in-time
Long-term debt (note 10) LongTermLoansFromBank $547.50M USD Point-in-time
Long-term debt (note 10) LongTermLoansFromBank $555.00M USD Point-in-time
Deferred revenues DeferredRevenueAndCreditsNoncurrent $12.65M USD Point-in-time
Deferred revenues DeferredRevenueAndCreditsNoncurrent $11.40M USD Point-in-time
Long-term income taxes payable (note 13) LiabilityForUncertainTaxPositionsNoncurrent $147.62M USD Point-in-time
Long-term income taxes payable (note 13) LiabilityForUncertainTaxPositionsNoncurrent $162.06M USD Point-in-time
Deferred tax liabilities (note 13) DeferredTaxLiabilitiesNoncurrent $77.68M USD Point-in-time
Deferred tax liabilities (note 13) DeferredTaxLiabilitiesNoncurrent $26.70M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $788.39M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $850.00M USD Point-in-time
58,483,175 and 58,358,990 Common Shares issued and outstanding at September 30, 2012 and June 30, 2012, respectively; Authorized Common Shares: unlimited CommonStockValueOutstanding $639.72M USD Point-in-time
58,483,175 and 58,358,990 Common Shares issued and outstanding at September 30, 2012 and June 30, 2012, respectively; Authorized Common Shares: unlimited CommonStockValueOutstanding $635.32M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $95.03M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $98.47M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $45.72M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $44.36M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $461.50M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $442.07M USD Point-in-time
Treasury stock, at cost (793,494 shares at September 30, 2012 and June 30, 2012, respectively) TreasuryStockValue $37.39M USD Point-in-time
Treasury stock, at cost (793,494 shares at September 30, 2012 and June 30, 2012, respectively) TreasuryStockValue $37.39M USD Point-in-time
Total shareholders' equity StockholdersEquity $1.21B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.18B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $2.56B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $2.44B USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
License LicensesRevenue $55.66M USD 1 Quarter
License LicensesRevenue $65.03M USD 1 Quarter
Cloud services CloudServicesRevenue $44.88M USD 1 Quarter
Cloud services CloudServicesRevenue - USD 1 Quarter
Customer support MaintenanceRevenue $162.10M USD 1 Quarter
Customer support MaintenanceRevenue $162.00M USD 1 Quarter
Professional service and other ServiceAndOtherRevenue $61.02M USD 1 Quarter
Professional service and other ServiceAndOtherRevenue $63.56M USD 1 Quarter
Total revenues Revenues $326.19M USD 1 Quarter
Total revenues Revenues $288.05M USD 1 Quarter
License LicenseCosts $4.00M USD 1 Quarter
License LicenseCosts $4.17M USD 1 Quarter
Cloud services CloudServicesCostOfRevenue - USD 1 Quarter
Cloud services CloudServicesCostOfRevenue $18.28M USD 1 Quarter
Customer support CostOfServicesMaintenanceCosts $25.82M USD 1 Quarter
Customer support CostOfServicesMaintenanceCosts $26.27M USD 1 Quarter
Professional service and other ServiceAndOtherCostOfRevenue $50.35M USD 1 Quarter
Professional service and other ServiceAndOtherCostOfRevenue $48.58M USD 1 Quarter
Amortization of acquired technology-based intangible assets (note 6) AmortizationOfIntangibleAssets $23.78M USD 1 Quarter
Amortization of acquired technology-based intangible assets (note 6) AmortizationOfIntangibleAssets $20.79M USD 1 Quarter
Total cost of revenues CostOfRevenue $101.41M USD 1 Quarter
Total cost of revenues CostOfRevenue $120.64M USD 1 Quarter
Gross profit GrossProfit $186.64M USD 1 Quarter
Gross profit GrossProfit $205.56M USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $43.46M USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $39.91M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $64.88M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $64.52M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $28.13M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $25.76M USD 1 Quarter
Depreciation DepreciationNonproduction $5.26M USD 1 Quarter
Depreciation DepreciationNonproduction $6.11M USD 1 Quarter
Amortization of acquired customer-based intangible assets (note 6) AmortizationOfOtherIntangibleAssets $13.04M USD 1 Quarter
Amortization of acquired customer-based intangible assets (note 6) AmortizationOfOtherIntangibleAssets $17.25M USD 1 Quarter
Special charges (note 16) RestructuringSettlementAndImpairmentProvisions $7.11M USD 1 Quarter
Special charges (note 16) RestructuringSettlementAndImpairmentProvisions $9.55M USD 1 Quarter
Total operating expenses OperatingExpenses $159.50M USD 1 Quarter
Total operating expenses OperatingExpenses $165.47M USD 1 Quarter
Income from operations OperatingIncomeLoss $40.09M USD 1 Quarter
Income from operations OperatingIncomeLoss $27.14M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-71.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $9.31M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-2.79M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-4.37M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $33.66M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $35.65M USD 1 Quarter
Provision for (recovery of) income taxes (note 13) IncomeTaxExpenseBenefit $16.22M USD 1 Quarter
Provision for (recovery of) income taxes (note 13) IncomeTaxExpenseBenefit $-1.32M USD 1 Quarter
Net income for the period NetIncomeLoss $34.99M USD 1 Quarter
Net income for the period NetIncomeLoss $19.43M USD 1 Quarter
Net income per share-basic (note 20) (in dollars per share) EarningsPerShareBasic $0.33 USD 1 Quarter
Net income per share-basic (note 20) (in dollars per share) EarningsPerShareBasic $0.61 USD 1 Quarter
Net income per share-diluted (note 20) (in dollars per share) EarningsPerShareDiluted $0.60 USD 1 Quarter
Net income per share-diluted (note 20) (in dollars per share) EarningsPerShareDiluted $0.33 USD 1 Quarter
Weighted average number of Common Shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 58.42M shares 1 Quarter
Weighted average number of Common Shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 57.41M shares 1 Quarter
Weighted average number of Common Shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 58.92M shares 1 Quarter
Weighted average number of Common Shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 58.60M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income for the period NetIncomeLoss $34.99M USD 1 Quarter
Net income for the period NetIncomeLoss $19.43M USD 1 Quarter
Depreciation and amortization of intangible assets DepreciationDepletionAndAmortization $39.09M USD 1 Quarter
Depreciation and amortization of intangible assets DepreciationDepletionAndAmortization $47.14M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $3.10M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $4.84M USD 1 Quarter
Excess tax benefits on share-based compensation expense ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $332.00K USD 1 Quarter
Excess tax benefits on share-based compensation expense ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $352.00K USD 1 Quarter
Pension expense PensionExpense $137.00K USD 1 Quarter
Pension expense PensionExpense $242.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $330.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $537.00K USD 1 Quarter
Amortization of deferred charges and credits OtherAmortizationOfDeferredCharges $2.93M USD 1 Quarter
Amortization of deferred charges and credits OtherAmortizationOfDeferredCharges $2.67M USD 1 Quarter
Loss on sale and write down of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-2.00K USD 1 Quarter
Loss on sale and write down of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-169.00K USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-14.85M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $861.00K USD 1 Quarter
Impairment and other non cash charges RestructuringCosts $-1.35M USD 1 Quarter
Impairment and other non cash charges RestructuringCosts - USD 1 Quarter
Accounts receivable IncreaseDecreaseInReceivables $-19.44M USD 1 Quarter
Accounts receivable IncreaseDecreaseInReceivables $-21.65M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-5.84M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-3.02M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxesNet $15.02M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxesNet $4.37M USD 1 Quarter
Deferred charges and credits IncreaseDecreaseInDeferredCharges $436.00K USD 1 Quarter
Deferred charges and credits IncreaseDecreaseInDeferredCharges $9.05M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-20.25M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-21.41M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-18.07M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-33.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-588.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $208.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $45.35M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $61.76M USD 1 Quarter
Additions of property and equipment PaymentsToAcquireProductiveAssets $5.04M USD 1 Quarter
Additions of property and equipment PaymentsToAcquireProductiveAssets $7.90M USD 1 Quarter
Purchase consideration for prior period acquisitions PaymentsForProceedsFromPreviousAcquisition $274.00K USD 1 Quarter
Purchase consideration for prior period acquisitions PaymentsForProceedsFromPreviousAcquisition $217.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-262.15M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-320.59M USD 1 Quarter
Excess tax benefits on share-based compensation expense ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $332.00K USD 1 Quarter
Excess tax benefits on share-based compensation expense ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $352.00K USD 1 Quarter
Proceeds from issuance of Common Shares ProceedsFromIssuanceOfCommonStock $7.84M USD 1 Quarter
Proceeds from issuance of Common Shares ProceedsFromIssuanceOfCommonStock $3.99M USD 1 Quarter
Proceeds from long-term debt and revolver ProceedsFromRepaymentsOfOtherLongTermDebt - USD 1 Quarter
Proceeds from long-term debt and revolver ProceedsFromRepaymentsOfOtherLongTermDebt - USD 1 Quarter
Repayment of long-term debt and revolver RepaymentsOfLongTermDebt $-48.50M USD 1 Quarter
Repayment of long-term debt and revolver RepaymentsOfLongTermDebt - USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $916.00K USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $7.67M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $55.75M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-3.32M USD 1 Quarter
Foreign exchange gain (loss) on cash held in foreign currencies EffectOfExchangeRateOnCashAndCashEquivalents $4.63M USD 1 Quarter
Foreign exchange gain (loss) on cash held in foreign currencies EffectOfExchangeRateOnCashAndCashEquivalents $-3.80M USD 1 Quarter
Increase (decrease) in cash and cash equivalents during the period CashAndCashEquivalentsPeriodIncreaseDecrease $-164.85M USD 1 Quarter
Increase (decrease) in cash and cash equivalents during the period CashAndCashEquivalentsPeriodIncreaseDecrease $-257.51M USD 1 Quarter
Cash and cash equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValue $284.14M USD Point-in-time
Cash and cash equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValue $559.75M USD Point-in-time
Cash and cash equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValue $119.29M USD Point-in-time
Cash and cash equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValue $302.24M USD Point-in-time
Cash and cash equivalents at end of the period CashAndCashEquivalentsAtCarryingValue $284.14M USD Point-in-time
Cash and cash equivalents at end of the period CashAndCashEquivalentsAtCarryingValue $559.75M USD Point-in-time
Cash and cash equivalents at end of the period CashAndCashEquivalentsAtCarryingValue $119.29M USD Point-in-time
Cash and cash equivalents at end of the period CashAndCashEquivalentsAtCarryingValue $302.24M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income for the period NetIncomeLoss $34.99M USD 1 Quarter
Net income for the period NetIncomeLoss $19.43M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-10.62M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-476.00K USD 1 Quarter
Net unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-5.20M USD 1 Quarter
Net unrealized gain (loss) on cash flow hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $1.94M USD 1 Quarter
Actuarial gain (loss) relating to defined benefit pension plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $548.00K USD 1 Quarter
Actuarial gain (loss) relating to defined benefit pension plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $109.00K USD 1 Quarter
Total other comprehensive income for the period OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-16.37M USD 1 Quarter
Total other comprehensive income for the period OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.36M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $18.62M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $20.79M USD 1 Quarter

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

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