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10-Q Filing

OPEN TEXT CORP CIK: 1002638 Q1 2011
Filing Information
Form Type 10-Q
Accession Number 0001193125-10-239617
Period End Date 20100930
Filing Date 20101028
Fiscal Year 2011
Fiscal Period Q1
XBRL Instance otex-20100930.xml
Filing Contents
Balance Sheet 79 line items
Line Item Tag Value Unit Period
Accounts receivable trade, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $4.87M USD Point-in-time
Accounts receivable trade, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $5.06M USD Point-in-time
Common Shares, issued and outstanding CommonStockSharesOutstanding 57.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $384.69M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $275.82M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $212.19M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $326.19M USD Point-in-time
Common Shares, issued and outstanding CommonStockSharesOutstanding 56.83M shares Point-in-time
Treasury stock, shares TreasuryStockShares 307,579.00 shares Point-in-time
Accounts receivable trade, net of allowance for doubtful accounts of $5,062 as of September 30, 2010 and $4,868 as of June 30, 2010 (note 2) AccountsReceivableNetCurrent $104.44M USD Point-in-time
Treasury stock, shares TreasuryStockShares 307,579.00 shares Point-in-time
Accounts receivable trade, net of allowance for doubtful accounts of $5,062 as of September 30, 2010 and $4,868 as of June 30, 2010 (note 2) AccountsReceivableNetCurrent $132.14M USD Point-in-time
Income taxes recoverable (note 10) IncomeTaxesReceivable $23.70M USD Point-in-time
Income taxes recoverable (note 10) IncomeTaxesReceivable $44.51M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $21.09M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $25.83M USD Point-in-time
Deferred tax assets (note 10) DeferredTaxAssetsNetCurrent $20.24M USD Point-in-time
Deferred tax assets (note 10) DeferredTaxAssetsNetCurrent $19.24M USD Point-in-time
Total current assets AssetsCurrent $557.91M USD Point-in-time
Total current assets AssetsCurrent $544.17M USD Point-in-time
Capital assets (note 3) PropertyPlantAndEquipmentNet $56.98M USD Point-in-time
Capital assets (note 3) PropertyPlantAndEquipmentNet $54.29M USD Point-in-time
Goodwill Goodwill $666.05M USD Point-in-time
Goodwill Goodwill $666.06M USD Point-in-time
Acquired intangible assets (note 4) IntangibleAssetsNetExcludingGoodwill $328.19M USD Point-in-time
Acquired intangible assets (note 4) IntangibleAssetsNetExcludingGoodwill $304.01M USD Point-in-time
Deferred tax assets (note 10) DeferredTaxAssetsNetNoncurrent $30.42M USD Point-in-time
Deferred tax assets (note 10) DeferredTaxAssetsNetNoncurrent $27.02M USD Point-in-time
Other assets (note 5) OtherAssetsNoncurrent $18.84M USD Point-in-time
Other assets (note 5) OtherAssetsNoncurrent $16.90M USD Point-in-time
Deferred charges (note 6) DeferredCosts $58.92M USD Point-in-time
Deferred charges (note 6) DeferredCosts $27.56M USD Point-in-time
Long-term income taxes recoverable (note 10) IncomeTaxesReceivableNoncurrent $50.07M USD Point-in-time
Long-term income taxes recoverable (note 10) IncomeTaxesReceivableNoncurrent $48.10M USD Point-in-time
Total assets Assets $1.72B USD Point-in-time
Total assets Assets $1.74B USD Point-in-time
Accounts payable and accrued liabilities (note 7) AccountsPayableAndAccruedLiabilitiesCurrent $119.60M USD Point-in-time
Accounts payable and accrued liabilities (note 7) AccountsPayableAndAccruedLiabilitiesCurrent $96.74M USD Point-in-time
Current portion of long-term debt (note 8) LoansPayableToBankCurrent $15.39M USD Point-in-time
Current portion of long-term debt (note 8) LoansPayableToBankCurrent $15.49M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $210.59M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $219.75M USD Point-in-time
Income taxes payable (note 10) AccruedIncomeTaxesCurrent $39.67M USD Point-in-time
Income taxes payable (note 10) AccruedIncomeTaxesCurrent $37.68M USD Point-in-time
Deferred tax liabilities (note 10) DeferredTaxLiabilitiesCurrent $37.82M USD Point-in-time
Deferred tax liabilities (note 10) DeferredTaxLiabilitiesCurrent $28.38M USD Point-in-time
Total current liabilities LiabilitiesCurrent $422.89M USD Point-in-time
Total current liabilities LiabilitiesCurrent $398.22M USD Point-in-time
Accrued liabilities (note 7) AccountsPayableAndAccruedLiabilitiesNoncurrent $10.83M USD Point-in-time
Accrued liabilities (note 7) AccountsPayableAndAccruedLiabilitiesNoncurrent $15.76M USD Point-in-time
Deferred credits OtherDeferredCreditsNoncurrent $5.80M USD Point-in-time
Pension liability PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $15.89M USD Point-in-time
Pension liability PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $17.64M USD Point-in-time
Long-term debt (note 8) LongTermLoansFromBank $284.28M USD Point-in-time
Long-term debt (note 8) LongTermLoansFromBank $285.03M USD Point-in-time
Deferred revenues DeferredRevenueAndCreditsNoncurrent $11.60M USD Point-in-time
Deferred revenues DeferredRevenueAndCreditsNoncurrent $10.09M USD Point-in-time
Long-term income taxes payable (note 10) LiabilityForUncertainTaxPositionsNoncurrent $84.57M USD Point-in-time
Long-term income taxes payable (note 10) LiabilityForUncertainTaxPositionsNoncurrent $64.70M USD Point-in-time
Deferred tax liabilities (note 10) DeferredTaxLiabilitiesNoncurrent $3.27M USD Point-in-time
Deferred tax liabilities (note 10) DeferredTaxLiabilitiesNoncurrent $13.46M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $404.91M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $417.99M USD Point-in-time
Share capital (note 9) 56,997,864 and 56,825,995 Common Shares issued and outstanding at September 30, 2010 and June 30, 2010, respectively; Authorized Common Shares: unlimited CommonStockValueOutstanding $606.36M USD Point-in-time
Share capital (note 9) 56,997,864 and 56,825,995 Common Shares issued and outstanding at September 30, 2010 and June 30, 2010, respectively; Authorized Common Shares: unlimited CommonStockValueOutstanding $602.87M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $64.28M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $61.30M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $44.02M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $51.61M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $106.21M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $193.69M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $104.48M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $215.36M USD Point-in-time
Treasury stock, at cost (307,579 and 307,579 shares, respectively at September 30, 2010 and June 30, 2010) TreasuryStockValue $14.00M USD Point-in-time
Treasury stock, at cost (307,579 and 307,579 shares, respectively at September 30, 2010 and June 30, 2010) TreasuryStockValue $14.00M USD Point-in-time
Total shareholders' equity StockholdersEquity $923.62M USD Point-in-time
Total shareholders' equity StockholdersEquity $887.88M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.72B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.74B USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
License LicensesRevenue $42.65M USD 1 Quarter
License LicensesRevenue $47.33M USD 1 Quarter
Customer support MaintenanceRevenue $123.65M USD 1 Quarter
Customer support MaintenanceRevenue $129.76M USD 1 Quarter
Service and other ServiceAndOtherRevenue $45.00M USD 1 Quarter
Service and other ServiceAndOtherRevenue $40.44M USD 1 Quarter
Total revenues Revenues $211.42M USD 1 Quarter
Total revenues Revenues $217.41M USD 1 Quarter
License LicenseCosts $3.15M USD 1 Quarter
License LicenseCosts $3.50M USD 1 Quarter
Customer support CostOfServicesMaintenanceCosts $20.94M USD 1 Quarter
Customer support CostOfServicesMaintenanceCosts $19.36M USD 1 Quarter
Service and other ServiceAndOtherCostOfRevenue $33.29M USD 1 Quarter
Service and other ServiceAndOtherCostOfRevenue $35.11M USD 1 Quarter
Amortization of acquired technology-based intangible assets (note 4) AmortizationOfIntangibleAssets $15.43M USD 1 Quarter
Amortization of acquired technology-based intangible assets (note 4) AmortizationOfIntangibleAssets $14.14M USD 1 Quarter
Total cost of revenues CostOfRevenue $71.52M USD 1 Quarter
Total cost of revenues CostOfRevenue $73.40M USD 1 Quarter
Gross profit GrossProfit $139.90M USD 1 Quarter
Gross profit GrossProfit $144.01M USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $31.54M USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $30.96M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $44.18M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $50.69M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $19.81M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $21.23M USD 1 Quarter
Depreciation DepreciationNonproduction $4.15M USD 1 Quarter
Depreciation DepreciationNonproduction $4.88M USD 1 Quarter
Amortization of acquired customer-based intangible assets (note 4) AmortizationOfOtherIntangibleAssets $8.92M USD 1 Quarter
Amortization of acquired customer-based intangible assets (note 4) AmortizationOfOtherIntangibleAssets $8.80M USD 1 Quarter
Special charges (note 13) RestructuringCharges $18.59M USD 1 Quarter
Special charges (note 13) RestructuringCharges $3.19M USD 1 Quarter
Total operating expenses OperatingExpenses $135.11M USD 1 Quarter
Total operating expenses OperatingExpenses $111.82M USD 1 Quarter
Income from operations OperatingIncomeLoss $32.18M USD 1 Quarter
Income from operations OperatingIncomeLoss $4.79M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $3.44M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $2.48M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-4.13M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-3.05M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $5.19M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $30.53M USD 1 Quarter
Provision for income taxes (note 10) IncomeTaxExpenseBenefit $8.86M USD 1 Quarter
Provision for income taxes (note 10) IncomeTaxExpenseBenefit $3.46M USD 1 Quarter
Net income for the period NetIncomeLoss $1.73M USD 1 Quarter
Net income for the period NetIncomeLoss $21.67M USD 1 Quarter
Net income per share-basic (note 17) EarningsPerShareBasic $0.38 USD 1 Quarter
Net income per share-basic (note 17) EarningsPerShareBasic $0.03 USD 1 Quarter
Net income per share-diluted (note 17) EarningsPerShareDiluted $0.03 USD 1 Quarter
Net income per share-diluted (note 17) EarningsPerShareDiluted $0.37 USD 1 Quarter
Weighted average number of Common Shares outstanding-basic WeightedAverageNumberOfSharesOutstandingBasic 55.39M shares 1 Quarter
Weighted average number of Common Shares outstanding-basic WeightedAverageNumberOfSharesOutstandingBasic 56.88M shares 1 Quarter
Weighted average number of Common Shares outstanding-diluted WeightedAverageNumberOfDilutedSharesOutstanding 56.47M shares 1 Quarter
Weighted average number of Common Shares outstanding-diluted WeightedAverageNumberOfDilutedSharesOutstanding 57.92M shares 1 Quarter
Cash Flow Statement 61 line items
Line Item Tag Value Unit Period
Net income for the period NetIncomeLoss $1.73M USD 1 Quarter
Net income for the period NetIncomeLoss $21.67M USD 1 Quarter
Depreciation and amortization of intangible assets DepreciationDepletionAndAmortization $27.21M USD 1 Quarter
Depreciation and amortization of intangible assets DepreciationDepletionAndAmortization $29.10M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $3.69M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $2.60M USD 1 Quarter
Excess tax benefits on share-based compensation expense ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $691.00K USD 1 Quarter
Excess tax benefits on share-based compensation expense ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $432.00K USD 1 Quarter
Pension expense PensionExpense $192.00K USD 1 Quarter
Pension expense PensionExpense $123.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $266.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $333.00K USD 1 Quarter
Unrealized gain on financial instruments UnrealizedGainLossOnDerivatives $2.39M USD 1 Quarter
Release of unrealized gain on marketable securities to income UnrealizedGainLossOnSecurities $4.35M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-2.96M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-181.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInReceivables $-27.88M USD 1 Quarter
Accounts receivable IncreaseDecreaseInReceivables $-7.93M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.22M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.53M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxesNet $-4.79M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxesNet $32.86M USD 1 Quarter
Deferred charges and credits IncreaseDecreaseInDeferredCharges $27.73M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-6.85M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-25.99M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-12.44M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-7.23M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $1.54M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-1.18M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $4.50M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $48.93M USD 1 Quarter
Additions of capital assets-net PaymentsToAcquireProductiveAssets $6.94M USD 1 Quarter
Additions of capital assets-net PaymentsToAcquireProductiveAssets $7.67M USD 1 Quarter
Purchase of Vignette Corporation, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $90.60M USD 1 Quarter
Purchase consideration for prior period acquisitions PaymentsForProceedsFromPreviousAcquisition $4.80M USD 1 Quarter
Purchase consideration for prior period acquisitions PaymentsForProceedsFromPreviousAcquisition $1.41M USD 1 Quarter
Investments in marketable securities PaymentsToAcquireMarketableSecurities $668.00K USD 1 Quarter
Maturity of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $27.17M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-9.02M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-75.89M USD 1 Quarter
Excess tax benefits on share-based compensation expense ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $432.00K USD 1 Quarter
Excess tax benefits on share-based compensation expense ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $691.00K USD 1 Quarter
Proceeds from issuance of Common Shares ProceedsFromIssuanceOfCommonStock $4.48M USD 1 Quarter
Proceeds from issuance of Common Shares ProceedsFromIssuanceOfCommonStock $3.25M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $878.00K USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $864.00K USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $1.02M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $3.28M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $2.80M USD 1 Quarter
Foreign exchange gain on cash held in foreign currencies EffectOfExchangeRateOnCashAndCashEquivalents $15.78M USD 1 Quarter
Foreign exchange gain on cash held in foreign currencies EffectOfExchangeRateOnCashAndCashEquivalents $4.48M USD 1 Quarter
Increase (decrease) in cash and cash equivalents during the period CashAndCashEquivalentsPeriodIncreaseDecrease $58.50M USD 1 Quarter
Increase (decrease) in cash and cash equivalents during the period CashAndCashEquivalentsPeriodIncreaseDecrease $-63.63M USD 1 Quarter
Cash and cash equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValue $384.69M USD Point-in-time
Cash and cash equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValue $275.82M USD Point-in-time
Cash and cash equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValue $212.19M USD Point-in-time
Cash and cash equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValue $326.19M USD Point-in-time
Cash and cash equivalents at end of the period CashAndCashEquivalentsAtCarryingValue $384.69M USD Point-in-time
Cash and cash equivalents at end of the period CashAndCashEquivalentsAtCarryingValue $275.82M USD Point-in-time
Cash and cash equivalents at end of the period CashAndCashEquivalentsAtCarryingValue $212.19M USD Point-in-time
Cash and cash equivalents at end of the period CashAndCashEquivalentsAtCarryingValue $326.19M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Retained earnings, beginning of period RetainedEarningsAccumulatedDeficit $106.21M USD Point-in-time
Retained earnings, beginning of period RetainedEarningsAccumulatedDeficit $193.69M USD Point-in-time
Retained earnings, beginning of period RetainedEarningsAccumulatedDeficit $104.48M USD Point-in-time
Retained earnings, beginning of period RetainedEarningsAccumulatedDeficit $215.36M USD Point-in-time
Net income NetIncomeLoss $1.73M USD 1 Quarter
Net income NetIncomeLoss $21.67M USD 1 Quarter
Retained earnings, end of period RetainedEarningsAccumulatedDeficit $106.21M USD Point-in-time
Retained earnings, end of period RetainedEarningsAccumulatedDeficit $193.69M USD Point-in-time
Retained earnings, end of period RetainedEarningsAccumulatedDeficit $104.48M USD Point-in-time
Retained earnings, end of period RetainedEarningsAccumulatedDeficit $215.36M USD Point-in-time

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

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