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10-Q Filing

SS&C TECHNOLOGIES HOLDINGS INC CIK: 1402436 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001193125-14-187749
Period End Date 20140331
Filing Date 20140507
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance ssnc-20140331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $2.34M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $2.50M USD Point-in-time
Accumulated amortization of Intangible and other assets AccumulatedAmortizationOfIntangibleAndOtherAssets $358.71M USD Point-in-time
Accumulated amortization of Intangible and other assets AccumulatedAmortizationOfIntangibleAndOtherAssets $338.89M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $78.37M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $68.84M 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
Cash CashAndCashEquivalentsAtCarryingValue $84.47M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $86.16M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,338 and $2,500, respectively AccountsReceivableNetCurrent $87.79M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,338 and $2,500, respectively AccountsReceivableNetCurrent $91.22M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 80.78M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $15.66M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 80.48M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $16.57M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 80.18M shares Point-in-time
Prepaid income taxes PrepaidTaxes $12.28M USD Point-in-time
Prepaid income taxes PrepaidTaxes $19.93M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 79.97M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $6.53M USD Point-in-time
Common stock, shares unvested CommonStockSharesUnvested 25,000.00 shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $5.59M USD Point-in-time
Common stock, shares unvested CommonStockSharesUnvested 25,000.00 shares Point-in-time
Treasury stock, shares TreasuryStockShares 602,000.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $1.48M USD Point-in-time
Treasury stock, shares TreasuryStockShares 511,000.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $2.46M USD Point-in-time
Total current assets AssetsCurrent $201.16M USD Point-in-time
Total current assets AssetsCurrent $221.18M USD Point-in-time
Land Land $2.65M USD Point-in-time
Land Land $2.65M USD Point-in-time
Building and improvements BuildingsAndImprovementsGross $30.05M USD Point-in-time
Building and improvements BuildingsAndImprovementsGross $28.79M USD Point-in-time
Equipment, furniture, and fixtures PropertyPlantAndEquipmentOther $70.70M USD Point-in-time
Equipment, furniture, and fixtures PropertyPlantAndEquipmentOther $65.98M USD Point-in-time
Total property and equipment PropertyPlantAndEquipmentGross $102.15M USD Point-in-time
Total property and equipment PropertyPlantAndEquipmentGross $98.69M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $48.94M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $46.99M USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $51.70M USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $53.21M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $1.08M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $1.01M USD Point-in-time
Goodwill Goodwill $1.53B USD Point-in-time
Goodwill Goodwill $1.54B USD Point-in-time
Intangible and other assets, net of accumulated amortization of $358,706 and $338,888, respectively IntangibleAndOtherAssets $439.04M USD Point-in-time
Intangible and other assets, net of accumulated amortization of $358,706 and $338,888, respectively IntangibleAndOtherAssets $459.99M USD Point-in-time
Total assets Assets $2.23B USD Point-in-time
Total assets Assets $2.28B USD Point-in-time
Current portion of long-term debt (Note 5) LongTermDebtCurrent $23.31M USD Point-in-time
Current portion of long-term debt (Note 5) LongTermDebtCurrent $23.21M USD Point-in-time
Accounts payable AccountsPayableCurrent $8.97M USD Point-in-time
Accounts payable AccountsPayableCurrent $8.37M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $2.17M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrent $16.14M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrent $44.66M USD Point-in-time
Other accrued expenses AccruedLiabilitiesCurrent $26.87M USD Point-in-time
Other accrued expenses AccruedLiabilitiesCurrent $26.03M USD Point-in-time
Deferred maintenance and other revenue DeferredRevenueCurrent $62.56M USD Point-in-time
Deferred maintenance and other revenue DeferredRevenueCurrent $64.81M USD Point-in-time
Total current liabilities LiabilitiesCurrent $140.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $167.00M USD Point-in-time
Long-term debt, net of current portion (Note 5) LongTermDebtAndCapitalLeaseObligations $706.54M USD Point-in-time
Long-term debt, net of current portion (Note 5) LongTermDebtAndCapitalLeaseObligations $751.29M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $14.91M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $16.12M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $110.41M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $107.85M USD Point-in-time
Total liabilities Liabilities $970.62M USD Point-in-time
Total liabilities Liabilities $1.04B USD Point-in-time
Commitments and contingencies (Note 6) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 6) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $804.00K USD Point-in-time
Common stock CommonStockValue $808.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $913.82M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $923.21M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $24.07M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $30.37M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $293.45M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $319.90M USD Point-in-time
Total common stock StockholdersEquityBeforeTreasuryStock $1.24B USD Point-in-time
Total common stock StockholdersEquityBeforeTreasuryStock $1.27B USD Point-in-time
Less: cost of common stock in treasury, 602 and 511 shares, respectively TreasuryStockValue $6.76M USD Point-in-time
Less: cost of common stock in treasury, 602 and 511 shares, respectively TreasuryStockValue $10.25M USD Point-in-time
Total stockholders' equity StockholdersEquity $1.23B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.26B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $2.23B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $2.28B USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
Software-enabled services SoftwareEnabledServices $135.74M USD 1 Quarter
Software-enabled services SoftwareEnabledServices $145.38M USD 1 Quarter
Software licenses LicensesRevenue $6.07M USD 1 Quarter
Software licenses LicensesRevenue $7.50M USD 1 Quarter
Maintenance MaintenanceRevenue $25.53M USD 1 Quarter
Maintenance MaintenanceRevenue $26.02M USD 1 Quarter
Professional services TechnologyServicesRevenue $5.39M USD 1 Quarter
Professional services TechnologyServicesRevenue $7.40M USD 1 Quarter
Total revenues SalesRevenueNet $185.81M USD 1 Quarter
Total revenues SalesRevenueNet $173.22M USD 1 Quarter
Software-enabled services SoftwareEnabledServicesCost $85.69M USD 1 Quarter
Software-enabled services SoftwareEnabledServicesCost $80.73M USD 1 Quarter
Software licenses LicenseCosts $851.00K USD 1 Quarter
Software licenses LicenseCosts $1.27M USD 1 Quarter
Maintenance MaintenanceCosts $10.52M USD 1 Quarter
Maintenance MaintenanceCosts $9.93M USD 1 Quarter
Professional services TechnologyServicesCosts $4.92M USD 1 Quarter
Professional services TechnologyServicesCosts $5.03M USD 1 Quarter
Total cost of revenues CostOfGoodsAndServicesSold $97.44M USD 1 Quarter
Total cost of revenues CostOfGoodsAndServicesSold $101.50M USD 1 Quarter
Gross profit GrossProfit $84.31M USD 1 Quarter
Gross profit GrossProfit $75.78M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $9.46M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $11.90M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $13.80M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $13.59M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $10.52M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $11.80M USD 1 Quarter
Total operating expenses OperatingExpenses $33.78M USD 1 Quarter
Total operating expenses OperatingExpenses $37.29M USD 1 Quarter
Operating income OperatingIncomeLoss $47.02M USD 1 Quarter
Operating income OperatingIncomeLoss $42.00M USD 1 Quarter
Interest expense, net InterestExpense $7.10M USD 1 Quarter
Interest expense, net InterestExpense $12.51M USD 1 Quarter
Other (expense) income, net OtherNonoperatingIncomeExpense $146.00K USD 1 Quarter
Other (expense) income, net OtherNonoperatingIncomeExpense $-686.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $29.64M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $39.24M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $8.21M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $12.79M USD 1 Quarter
Net income NetIncomeLoss $21.43M USD 1 Quarter
Net income NetIncomeLoss $26.45M USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.32 USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.27 USD 1 Quarter
Basic weighted average number of common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 79.34M shares 1 Quarter
Basic weighted average number of common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 82.72M shares 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.30 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.26 USD 1 Quarter
Diluted weighted average number of common and common equivalent shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 86.90M shares 1 Quarter
Diluted weighted average number of common and common equivalent shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 83.77M shares 1 Quarter
Net income NetIncomeLoss $21.43M USD 1 Quarter
Net income NetIncomeLoss $26.45M USD 1 Quarter
Foreign currency exchange translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-27.38M USD 1 Quarter
Foreign currency exchange translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-6.31M USD 1 Quarter
Total comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-6.31M USD 1 Quarter
Total comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-27.38M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-5.95M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $20.14M USD 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $21.43M USD 1 Quarter
Net income NetIncomeLoss $26.45M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $24.94M 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 $1.52M USD 1 Quarter
Income tax benefit related to exercise of stock options ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $2.45M USD 1 Quarter
Income tax benefit related to exercise of stock options ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $2.68M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $1.44M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $3.92M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.11M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.98M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $184.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $184.00K USD 1 Quarter
Loss (gain) on sale or disposition of property and equipment GainLossOnSaleOfPropertyPlantEquipment $7.00K USD 1 Quarter
Loss (gain) on sale or disposition of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-53.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-2.96M 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 $-1.17M USD 1 Quarter
Income taxes prepaid and payable IncreaseDecreaseInAccruedIncomeTaxesPayable $7.99M USD 1 Quarter
Income taxes prepaid and payable IncreaseDecreaseInAccruedIncomeTaxesPayable $668.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.76M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-4.27M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-26.34M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-23.46M USD 1 Quarter
Deferred maintenance and other revenue IncreaseDecreaseInDeferredRevenue $3.58M USD 1 Quarter
Deferred maintenance and other revenue IncreaseDecreaseInDeferredRevenue $2.33M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $20.64M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $38.55M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.04M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.76M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $7.00K USD 1 Quarter
Additions to capitalized software PaymentsToAcquireSoftware $202.00K USD 1 Quarter
Additions to capitalized software PaymentsToAcquireSoftware $856.00K USD 1 Quarter
Net changes in restricted cash IncreaseDecreaseInRestrictedCash $-983.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-2.24M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-2.63M USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebt $45.00M USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebt $45.00M USD 1 Quarter
Income tax benefit related to exercise of stock options ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $2.68M USD 1 Quarter
Income tax benefit related to exercise of stock options ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $2.45M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $8.93M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $3.99M USD 1 Quarter
Purchase of common stock for treasury PaymentsForRepurchaseOfCommonStock $3.49M USD 1 Quarter
Payment of fees related to refinancing activities ProceedsFromPaymentsForOtherFinancingActivities $-1.05M USD 1 Quarter
Payment of fees related to refinancing activities ProceedsFromPaymentsForOtherFinancingActivities $-512.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-42.56M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-34.45M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-1.28M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $536.00K USD 1 Quarter
Net decrease in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-17.32M USD 1 Quarter
Net decrease in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-6.10M USD 1 Quarter
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $78.37M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $68.84M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $84.47M USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $86.16M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $78.37M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $68.84M USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $84.47M 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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