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10-Q Filing

SS&C TECHNOLOGIES HOLDINGS INC CIK: 1402436 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001193125-13-203320
Period End Date 20130331
Filing Date 20130507
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance ssnc-20130331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $2.25M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $2.36M USD Point-in-time
Accumulated amortization of Intangible and other assets AccumulatedAmortizationOfIntangibleAndOtherAssets $274.52M USD Point-in-time
Accumulated amortization of Intangible and other assets AccumulatedAmortizationOfIntangibleAndOtherAssets $255.45M USD Point-in-time
Treasury stock, shares TreasuryStockShares 488,000.00 shares Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $41.94M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $40.32M USD Point-in-time
Treasury stock, shares TreasuryStockShares 488,000.00 shares Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $68.84M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $86.16M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,251 and $2,359, respectively AccountsReceivableNetCurrent $91.69M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,251 and $2,359, respectively AccountsReceivableNetCurrent $91.50M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $11.55M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $11.14M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 78.14M shares Point-in-time
Prepaid income taxes PrepaidTaxes $9.65M USD Point-in-time
Prepaid income taxes PrepaidTaxes $23.75M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 78.73M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 78.24M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 77.65M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $7.70M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $5.41M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $2.46M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $2.46M USD Point-in-time
Total current assets AssetsCurrent $205.39M USD Point-in-time
Total current assets AssetsCurrent $206.92M USD Point-in-time
Land Land $2.65M USD Point-in-time
Land Land $2.65M USD Point-in-time
Building and improvements BuildingsAndImprovementsGross $29.37M USD Point-in-time
Building and improvements BuildingsAndImprovementsGross $28.56M USD Point-in-time
Equipment, furniture, and fixtures PropertyPlantAndEquipmentOther $58.05M USD Point-in-time
Equipment, furniture, and fixtures PropertyPlantAndEquipmentOther $58.65M USD Point-in-time
Total property and equipment PropertyPlantAndEquipmentGross $89.26M USD Point-in-time
Total property and equipment PropertyPlantAndEquipmentGross $90.67M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $34.22M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $37.59M USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $55.04M USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $53.08M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $1.46M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $1.69M USD Point-in-time
Goodwill Goodwill $1.56B USD Point-in-time
Goodwill Goodwill $1.54B USD Point-in-time
Intangible and other assets, net of accumulated amortization of $274,523 and $255,449, respectively IntangibleAndOtherAssets $509.91M USD Point-in-time
Intangible and other assets, net of accumulated amortization of $274,523 and $255,449, respectively IntangibleAndOtherAssets $539.88M USD Point-in-time
Total assets Assets $2.31B USD Point-in-time
Total assets Assets $2.36B USD Point-in-time
Current portion of long- term debt (Note 4) LongTermDebtCurrent $21.38M USD Point-in-time
Current portion of long- term debt (Note 4) LongTermDebtCurrent $22.25M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.05M USD Point-in-time
Accounts payable AccountsPayableCurrent $10.53M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $1.31M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrent $39.81M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrent $14.58M USD Point-in-time
Other accrued expenses AccruedLiabilitiesCurrent $23.40M USD Point-in-time
Other accrued expenses AccruedLiabilitiesCurrent $22.65M USD Point-in-time
Deferred maintenance and other revenue DeferredRevenueCurrent $63.70M USD Point-in-time
Deferred maintenance and other revenue DeferredRevenueCurrent $66.89M USD Point-in-time
Total current liabilities LiabilitiesCurrent $160.25M USD Point-in-time
Total current liabilities LiabilitiesCurrent $132.31M USD Point-in-time
Long-term debt, net of current portion (Note 4) LongTermDebtAndCapitalLeaseObligations $989.89M USD Point-in-time
Long-term debt, net of current portion (Note 4) LongTermDebtAndCapitalLeaseObligations $946.09M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $17.10M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $16.21M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $118.29M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $120.16M USD Point-in-time
Total liabilities Liabilities $1.21B USD Point-in-time
Total liabilities Liabilities $1.29B USD Point-in-time
Commitments and contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $787.00K USD Point-in-time
Common stock CommonStockValue $781.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $877.08M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $853.46M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $24.14M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $51.52M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $196.98M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $175.55M USD Point-in-time
Total common stock StockholdersEquityBeforeTreasuryStock $1.08B USD Point-in-time
Total common stock StockholdersEquityBeforeTreasuryStock $1.10B USD Point-in-time
Less: cost of common stock in treasury, 488 shares TreasuryStockValue $5.82M USD Point-in-time
Less: cost of common stock in treasury, 488 shares TreasuryStockValue $5.82M USD Point-in-time
Total stockholders' equity StockholdersEquity $1.09B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.08B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $2.31B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $2.36B USD Point-in-time
Income Statement 59 line items
Line Item Tag Value Unit Period
Software-enabled services SoftwareEnabledServices $64.58M USD 1 Quarter
Software-enabled services SoftwareEnabledServices $135.74M USD 1 Quarter
Software licenses LicensesRevenue $6.07M USD 1 Quarter
Software licenses LicensesRevenue $3.81M USD 1 Quarter
Maintenance MaintenanceRevenue $19.50M USD 1 Quarter
Maintenance MaintenanceRevenue $26.02M USD 1 Quarter
Professional services TechnologyServicesRevenue $5.79M USD 1 Quarter
Professional services TechnologyServicesRevenue $5.39M USD 1 Quarter
Total revenues SalesRevenueNet $173.22M USD 1 Quarter
Total revenues SalesRevenueNet $93.67M USD 1 Quarter
Software-enabled services SoftwareEnabledServicesCost $32.91M USD 1 Quarter
Software-enabled services SoftwareEnabledServicesCost $80.73M USD 1 Quarter
Software licenses LicenseCosts $1.30M USD 1 Quarter
Software licenses LicenseCosts $1.27M USD 1 Quarter
Maintenance MaintenanceCosts $10.52M USD 1 Quarter
Maintenance MaintenanceCosts $8.67M USD 1 Quarter
Professional services TechnologyServicesCosts $3.97M USD 1 Quarter
Professional services TechnologyServicesCosts $4.92M USD 1 Quarter
Total cost of revenues CostOfGoodsAndServicesSold $97.44M USD 1 Quarter
Total cost of revenues CostOfGoodsAndServicesSold $46.85M USD 1 Quarter
Gross profit GrossProfit $46.82M USD 1 Quarter
Gross profit GrossProfit $75.78M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $7.37M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $9.46M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $13.80M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $8.64M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $10.52M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $4.59M USD 1 Quarter
Transaction costs TransactionCosts $4.15M USD 1 Quarter
Total operating expenses OperatingExpenses $33.78M USD 1 Quarter
Total operating expenses OperatingExpenses $24.75M USD 1 Quarter
Operating income OperatingIncomeLoss $22.07M USD 1 Quarter
Operating income OperatingIncomeLoss $42.00M USD 1 Quarter
Interest expense, net InterestExpense $549.00K USD 1 Quarter
Interest expense, net InterestExpense $12.51M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $4.13M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $146.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $29.64M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $25.65M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.76M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $8.21M USD 1 Quarter
Net income NetIncomeLoss $17.88M USD 1 Quarter
Net income NetIncomeLoss $21.43M USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.27 USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.23 USD 1 Quarter
Basic weighted average number of common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 77.72M shares 1 Quarter
Basic weighted average number of common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 79.34M shares 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.26 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.22 USD 1 Quarter
Diluted weighted average number of common and common equivalent shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 82.01M shares 1 Quarter
Diluted weighted average number of common and common equivalent shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 83.77M shares 1 Quarter
Net income NetIncomeLoss $17.88M USD 1 Quarter
Net income NetIncomeLoss $21.43M USD 1 Quarter
Foreign currency exchange translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $6.80M USD 1 Quarter
Foreign currency exchange translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-27.38M USD 1 Quarter
Total comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $6.80M USD 1 Quarter
Total comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $-27.38M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $-5.95M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $24.68M USD 1 Quarter
Cash Flow Statement 63 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $17.88M USD 1 Quarter
Net income NetIncomeLoss $21.43M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $10.21M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $24.75M USD 1 Quarter
Amortization and write-offs of loan origination costs AmortizationOfFinancingCosts $1.39M USD 1 Quarter
Amortization and write-offs of loan origination costs AmortizationOfFinancingCosts $58.00K USD 1 Quarter
Non-cash gain on foreign currency derivatives ForeignCurrencyTransactionGainLossUnrealized $4.37M USD 1 Quarter
Income tax benefit related to exercise of stock options TaxBenefitFromStockOptionsExercised1 $-2.68M USD 1 Quarter
Income tax benefit related to exercise of stock options TaxBenefitFromStockOptionsExercised1 $-536.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.63M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-3.92M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.23M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.11M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $184.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $96.00K USD 1 Quarter
(Gain) loss on sale or disposition of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-1.00K USD 1 Quarter
(Gain) loss on sale or disposition of property and equipment GainLossOnSaleOfPropertyPlantEquipment $7.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $5.76M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $1.75M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.62M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $522.00K USD 1 Quarter
Income taxes prepaid and payable IncreaseDecreaseInAccruedIncomeTaxesPayable $668.00K USD 1 Quarter
Income taxes prepaid and payable IncreaseDecreaseInAccruedIncomeTaxesPayable $928.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-4.27M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $973.00K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-23.46M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-13.56M USD 1 Quarter
Deferred maintenance and other revenue IncreaseDecreaseInDeferredRevenue $3.58M USD 1 Quarter
Deferred maintenance and other revenue IncreaseDecreaseInDeferredRevenue $8.14M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $13.14M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $20.64M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.04M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.23M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $7.00K USD 1 Quarter
Cash paid for business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $19.00K USD 1 Quarter
Additions to capitalized software PaymentsToAcquireSoftware $202.00K USD 1 Quarter
Additions to capitalized software PaymentsToAcquireSoftware $85.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-87.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.24M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.25M USD 1 Quarter
Cash received from debt borrowings, net of loan origination costs ProceedsFromBankDebt $15.00M USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebt $45.00M USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebt $30.00M USD 1 Quarter
Income tax benefit related to exercise of stock options ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $536.00K USD 1 Quarter
Income tax benefit related to exercise of stock options ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $2.68M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $8.93M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $3.90M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-1.05M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-34.45M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-10.57M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-1.28M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $305.00K USD 1 Quarter
Net (decrease) increase in cash CashAndCashEquivalentsPeriodIncreaseDecrease $1.63M USD 1 Quarter
Net (decrease) increase in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-17.32M USD 1 Quarter
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $41.94M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $40.32M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $68.84M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $86.16M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $41.94M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $40.32M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $68.84M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $86.16M USD Point-in-time
Excess tax benefit related to stock option exercises ExcessTaxBenefitFromShareBasedCompensation $12.71M USD 1 Quarter

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

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