10-Q Filing

OPEN TEXT CORP CIK: 1002638 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-283483`
Period End Date	20110930
Filing Date	20111027
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	otex-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 54 Cash Flow Statement 60

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable trade, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.42M	USD	Point-in-time
Accounts receivable trade, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$384.69M	USD	Point-in-time
Common shares, issued and outstanding	`CommonStockSharesOutstanding`	57.30M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$326.19M	USD	Point-in-time
Common shares, issued and outstanding	`CommonStockSharesOutstanding`	57.79M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$284.14M	USD	Point-in-time
Accounts receivable trade, net of allowance for doubtful accounts of $6,277 as of September 30, 2011 and $5,424 as of June 30, 2011 (note 3)	`AccountsReceivableNetCurrent`	$154.57M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	572,413.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	572,413.00	shares	Point-in-time
Accounts receivable trade, net of allowance for doubtful accounts of $6,277 as of September 30, 2011 and $5,424 as of June 30, 2011 (note 3)	`AccountsReceivableNetCurrent`	$143.84M	USD	Point-in-time
Income taxes recoverable (note 13)	`IncomeTaxesReceivable`	$17.18M	USD	Point-in-time
Income taxes recoverable (note 13)	`IncomeTaxesReceivable`	$18.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$29.68M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$34.99M	USD	Point-in-time
Deferred tax assets (note 13)	`DeferredTaxAssetsNetCurrent`	$29.41M	USD	Point-in-time
Deferred tax assets (note 13)	`DeferredTaxAssetsNetCurrent`	$27.86M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$344.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$515.16M	USD	Point-in-time
Capital assets (note 4)	`PropertyPlantAndEquipmentNet`	$84.59M	USD	Point-in-time
Capital assets (note 4)	`PropertyPlantAndEquipmentNet`	$77.83M	USD	Point-in-time
Goodwill (note 5)	`Goodwill`	$832.48M	USD	Point-in-time
Goodwill (note 5)	`Goodwill`	$1.04B	USD	Point-in-time
Acquired intangible assets (note 6)	`IntangibleAssetsNetExcludingGoodwill`	$414.28M	USD	Point-in-time
Acquired intangible assets (note 6)	`IntangibleAssetsNetExcludingGoodwill`	$345.00M	USD	Point-in-time
Deferred tax assets (note 13)	`DeferredTaxAssetsNetNoncurrent`	$42.74M	USD	Point-in-time
Deferred tax assets (note 13)	`DeferredTaxAssetsNetNoncurrent`	$29.40M	USD	Point-in-time
Other assets (note 7)	`OtherAssetsNoncurrent`	$19.41M	USD	Point-in-time
Other assets (note 7)	`OtherAssetsNoncurrent`	$19.36M	USD	Point-in-time
Deferred charges (note 8)	`DeferredCosts`	$54.99M	USD	Point-in-time
Deferred charges (note 8)	`DeferredCosts`	$61.02M	USD	Point-in-time
Long-term income taxes recoverable (note 13)	`IncomeTaxesReceivableNoncurrent`	$41.16M	USD	Point-in-time
Long-term income taxes recoverable (note 13)	`IncomeTaxesReceivableNoncurrent`	$44.82M	USD	Point-in-time
Total assets	`Assets`	$2.03B	USD	Point-in-time
Total assets	`Assets`	$1.93B	USD	Point-in-time
Accounts payable and accrued liabilities (note 9)	`CurrentAccountsPayableAndAccruedLiabilitiesPlusOtherAccruals`	$138.00M	USD	Point-in-time
Accounts payable and accrued liabilities (note 9)	`CurrentAccountsPayableAndAccruedLiabilitiesPlusOtherAccruals`	$126.25M	USD	Point-in-time
Current portion of long-term debt (note 10)	`LongTermDebtCurrent`	$15.54M	USD	Point-in-time
Current portion of long-term debt (note 10)	`LongTermDebtCurrent`	$63.39M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$254.53M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$249.10M	USD	Point-in-time
Income taxes payable (note 13)	`AccruedIncomeTaxesCurrent`	$19.16M	USD	Point-in-time
Income taxes payable (note 13)	`AccruedIncomeTaxesCurrent`	$18.42M	USD	Point-in-time
Deferred tax liabilities (note 13)	`DeferredTaxLiabilitiesCurrent`	$1.99M	USD	Point-in-time
Deferred tax liabilities (note 13)	`DeferredTaxLiabilitiesCurrent`	$624.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$471.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$415.37M	USD	Point-in-time
Accrued liabilities (note 9)	`NonCurrentAccountsPayableAndAccruedLiabilitiesPlusOtherAccruals`	$13.83M	USD	Point-in-time
Accrued liabilities (note 9)	`NonCurrentAccountsPayableAndAccruedLiabilitiesPlusOtherAccruals`	$13.73M	USD	Point-in-time
Deferred credits (note 8)	`OtherDeferredCreditsNoncurrent`	$6.54M	USD	Point-in-time
Deferred credits (note 8)	`OtherDeferredCreditsNoncurrent`	$6.88M	USD	Point-in-time
Pension liability (note 11)	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$18.48M	USD	Point-in-time
Pension liability (note 11)	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$18.17M	USD	Point-in-time
Long-term debt (note 10)	`LongTermLoansFromBank`	$281.29M	USD	Point-in-time
Long-term debt (note 10)	`LongTermLoansFromBank`	$282.03M	USD	Point-in-time
Deferred revenues	`DeferredRevenueAndCreditsNoncurrent`	$12.24M	USD	Point-in-time
Deferred revenues	`DeferredRevenueAndCreditsNoncurrent`	$11.47M	USD	Point-in-time
Long-term income taxes payable (note 13)	`LiabilityForUncertainTaxPositionsNoncurrent`	$103.31M	USD	Point-in-time
Long-term income taxes payable (note 13)	`LiabilityForUncertainTaxPositionsNoncurrent`	$101.43M	USD	Point-in-time
Deferred tax liabilities (note 13)	`DeferredTaxLiabilitiesNoncurrent`	$43.53M	USD	Point-in-time
Deferred tax liabilities (note 13)	`DeferredTaxLiabilitiesNoncurrent`	$54.85M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$477.55M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$490.23M	USD	Point-in-time
Share capital (note 12) 57,790,868 and 57,301,812 Common Shares issued and outstanding at September 30, 2011 and June 30, 2011, respectively; Authorized Common Shares: unlimited	`CommonStockValueOutstanding`	$622.34M	USD	Point-in-time
Share capital (note 12) 57,790,868 and 57,301,812 Common Shares issued and outstanding at September 30, 2011 and June 30, 2011, respectively; Authorized Common Shares: unlimited	`CommonStockValueOutstanding`	$614.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$79.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$74.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$60.47M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$44.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$193.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$215.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$316.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$351.88M	USD	Point-in-time
Treasury stock, at cost (572,413 shares at September 30, 2011 and June 30, 2011, respectively)	`TreasuryStockValue`	$26.50M	USD	Point-in-time
Treasury stock, at cost (572,413 shares at September 30, 2011 and June 30, 2011, respectively)	`TreasuryStockValue`	$26.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.03B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.93B	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
License	`LicensesRevenue`	$65.03M	USD	1 Quarter
License	`LicensesRevenue`	$42.65M	USD	1 Quarter
Customer support	`MaintenanceRevenue`	$129.76M	USD	1 Quarter
Customer support	`MaintenanceRevenue`	$162.00M	USD	1 Quarter
Service and other	`ServiceAndOtherRevenue`	$61.02M	USD	1 Quarter
Service and other	`ServiceAndOtherRevenue`	$45.00M	USD	1 Quarter
Total revenues	`Revenues`	$288.05M	USD	1 Quarter
Total revenues	`Revenues`	$217.41M	USD	1 Quarter
License	`LicenseCosts`	$3.50M	USD	1 Quarter
License	`LicenseCosts`	$4.00M	USD	1 Quarter
Customer support	`CostOfServicesMaintenanceCosts`	$19.36M	USD	1 Quarter
Customer support	`CostOfServicesMaintenanceCosts`	$26.27M	USD	1 Quarter
Service and other	`ServiceAndOtherCostOfRevenue`	$35.11M	USD	1 Quarter
Service and other	`ServiceAndOtherCostOfRevenue`	$50.35M	USD	1 Quarter
Amortization of acquired technology-based intangible assets (note 6)	`AmortizationOfIntangibleAssets`	$20.79M	USD	1 Quarter
Amortization of acquired technology-based intangible assets (note 6)	`AmortizationOfIntangibleAssets`	$15.43M	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$73.40M	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$101.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$186.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$144.01M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$43.46M	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`	$64.88M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$25.76M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$19.81M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$4.88M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$5.26M	USD	1 Quarter
Amortization of acquired customer-based intangible assets (note 6)	`AmortizationOfOtherIntangibleAssets`	$8.80M	USD	1 Quarter
Amortization of acquired customer-based intangible assets (note 6)	`AmortizationOfOtherIntangibleAssets`	$13.04M	USD	1 Quarter
Special charges (note 16)	`RestructuringSettlementAndImpairmentProvisions`	$3.19M	USD	1 Quarter
Special charges (note 16)	`RestructuringSettlementAndImpairmentProvisions`	$7.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$159.50M	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`	$27.14M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.48M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.27M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.13M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.35M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.53M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.06M	USD	1 Quarter
Provision for (recovery of) income taxes (note 13)	`IncomeTaxExpenseBenefit`	$-2.92M	USD	1 Quarter
Provision for (recovery of) income taxes (note 13)	`IncomeTaxExpenseBenefit`	$8.86M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$21.67M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$34.99M	USD	1 Quarter
Net income per share-basic (note 20)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Net income per share-basic (note 20)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Net income per share-diluted (note 20)	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Net income per share-diluted (note 20)	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Weighted average number of Common Shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	56.88M	shares	1 Quarter
Weighted average number of Common Shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	57.41M	shares	1 Quarter
Weighted average number of Common Shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.92M	shares	1 Quarter
Weighted average number of Common Shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	58.60M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income for the period	`NetIncomeLoss`	$21.67M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$34.99M	USD	1 Quarter
Depreciation and amortization of intangible assets	`DepreciationDepletionAndAmortization`	$39.09M	USD	1 Quarter
Depreciation and amortization of intangible assets	`DepreciationDepletionAndAmortization`	$29.10M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$2.60M	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`	$432.00K	USD	1 Quarter
Pension expense	`PensionExpense`	$123.00K	USD	1 Quarter
Pension expense	`PensionExpense`	$137.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$330.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$333.00K	USD	1 Quarter
Loss on sale and write down of capital assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-169.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.85M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-181.00K	USD	1 Quarter
Impairment and other non cash charges	`RestructuringCosts`	$-1.35M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-21.65M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-27.88M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.53M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.84M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxesNet`	$32.86M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxesNet`	$17.70M	USD	1 Quarter
Deferred charges and credits	`IncreaseDecreaseInDeferredCharges`	$9.05M	USD	1 Quarter
Deferred charges and credits	`IncreaseDecreaseInDeferredCharges`	$27.73M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-25.99M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-21.41M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-33.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-7.23M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-588.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.54M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.35M	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`	$7.90M	USD	1 Quarter
Purchase consideration for prior period acquisitions	`PaymentsForProceedsFromPreviousAcquisition`	$1.41M	USD	1 Quarter
Purchase consideration for prior period acquisitions	`PaymentsForProceedsFromPreviousAcquisition`	$274.00K	USD	1 Quarter
Investments in marketable securities	`PaymentsToAcquireMarketableSecurities`	$668.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.02M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-262.15M	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`	$432.00K	USD	1 Quarter
Proceeds from issuance of Common Shares	`ProceedsFromIssuanceOfCommonStock`	$3.25M	USD	1 Quarter
Proceeds from issuance of Common Shares	`ProceedsFromIssuanceOfCommonStock`	$7.84M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$48.50M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$878.00K	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$916.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.80M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.75M	USD	1 Quarter
Foreign exchange gain (loss) on cash held in foreign currencies	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.80M	USD	1 Quarter
Foreign exchange gain (loss) on cash held in foreign currencies	`EffectOfExchangeRateOnCashAndCashEquivalents`	$15.78M	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`	$-164.85M	USD	1 Quarter
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`	$384.69M	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 beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$284.14M	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`	$384.69M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$326.19M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$284.14M	USD	Point-in-time

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