10-Q Filing

UNISYS CORP CIK: 746838 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-161608`
Period End Date	20150331
Filing Date	20150430
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	uis-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 41 Cash Flow Statement 68 Comprehensive Income 16

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares issued	`CommonStockSharesIssued`	52.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.40M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.70M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.70M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$402.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$639.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$494.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$613.80M	USD	Point-in-time
Accounts and notes receivable, net	`AccountsNotesAndLoansReceivableNetCurrent`	$619.30M	USD	Point-in-time
Accounts and notes receivable, net	`AccountsNotesAndLoansReceivableNetCurrent`	$484.80M	USD	Point-in-time
Parts and finished equipment	`InventoryFinishedGoods`	$22.20M	USD	Point-in-time
Parts and finished equipment	`InventoryFinishedGoods`	$29.00M	USD	Point-in-time
Work in process and materials	`InventoryWorkInProcessAndRawMaterialsNetOfReserves`	$24.50M	USD	Point-in-time
Work in process and materials	`InventoryWorkInProcessAndRawMaterialsNetOfReserves`	$31.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$16.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$16.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$140.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$142.40M	USD	Point-in-time
Total	`AssetsCurrent`	$1.11B	USD	Point-in-time
Total	`AssetsCurrent`	$1.32B	USD	Point-in-time
Properties	`PropertyPlantAndEquipmentGross`	$1.00B	USD	Point-in-time
Properties	`PropertyPlantAndEquipmentGross`	$1.06B	USD	Point-in-time
Less-Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$890.70M	USD	Point-in-time
Less-Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$837.40M	USD	Point-in-time
Properties, net	`PropertyPlantAndEquipmentNet`	$168.70M	USD	Point-in-time
Properties, net	`PropertyPlantAndEquipmentNet`	$167.30M	USD	Point-in-time
Outsourcing assets, net	`OutsourcingAssetsNet`	$150.90M	USD	Point-in-time
Outsourcing assets, net	`OutsourcingAssetsNet`	$160.10M	USD	Point-in-time
Marketable software, net	`CapitalizedComputerSoftwareNet`	$144.50M	USD	Point-in-time
Marketable software, net	`CapitalizedComputerSoftwareNet`	$144.10M	USD	Point-in-time
Prepaid postretirement assets	`PrepaidPensionCosts`	$19.90M	USD	Point-in-time
Prepaid postretirement assets	`PrepaidPensionCosts`	$21.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$152.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$154.60M	USD	Point-in-time
Goodwill	`Goodwill`	$179.60M	USD	Point-in-time
Goodwill	`Goodwill`	$183.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$209.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$200.10M	USD	Point-in-time
Total	`Assets`	$2.13B	USD	Point-in-time
Total	`Assets`	$2.35B	USD	Point-in-time
Current maturities of long-term-debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.80M	USD	Point-in-time
Current maturities of long-term-debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$230.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$262.50M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$348.30M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$316.60M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$314.20M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$385.10M	USD	Point-in-time
Total	`LiabilitiesCurrent`	$863.30M	USD	Point-in-time
Total	`LiabilitiesCurrent`	$997.70M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$221.60M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$222.20M	USD	Point-in-time
Long-term postretirement liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$2.27B	USD	Point-in-time
Long-term postretirement liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$2.37B	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$119.50M	USD	Point-in-time
Long-term deferred revenue	`DeferredRevenueNoncurrent`	$109.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$86.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$91.80M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, shares issued: 2015; 52.6, 2014; 52.4	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock, shares issued: 2015; 52.6, 2014; 52.4	`CommonStockValue`	$500.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.78B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.74B	USD	Point-in-time
Treasury stock, shares at cost: 2015; 2.7, 2014; 2.7	`TreasuryStockValue`	$99.60M	USD	Point-in-time
Treasury stock, shares at cost: 2015; 2.7, 2014; 2.7	`TreasuryStockValue`	$100.00M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.49B	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.50B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.11B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.05B	USD	Point-in-time
Total Unisys stockholders' deficit	`StockholdersEquity`	$-1.43B	USD	Point-in-time
Total Unisys stockholders' deficit	`StockholdersEquity`	$-1.46B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$7.60M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$10.90M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.42B	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.45B	USD	Point-in-time
Total	`LiabilitiesAndStockholdersEquity`	$2.35B	USD	Point-in-time
Total	`LiabilitiesAndStockholdersEquity`	$2.13B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Services	`SalesRevenueServicesNet`	$639.00M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$681.70M	USD	1 Quarter
Technology	`LicenseAndMaintenanceRevenue`	$80.00M	USD	1 Quarter
Technology	`LicenseAndMaintenanceRevenue`	$82.20M	USD	1 Quarter
Total revenue	`Revenues`	$761.70M	USD	1 Quarter
Total revenue	`Revenues`	$721.20M	USD	1 Quarter
Services	`CostOfServices`	$583.60M	USD	1 Quarter
Services	`CostOfServices`	$564.30M	USD	1 Quarter
Technology	`CostOfServicesLicensesAndMaintenanceAgreements`	$45.10M	USD	1 Quarter
Technology	`CostOfServicesLicensesAndMaintenanceAgreements`	$39.90M	USD	1 Quarter
Cost of Revenue, Total	`CostOfRevenue`	$604.20M	USD	1 Quarter
Cost of Revenue, Total	`CostOfRevenue`	$628.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$138.50M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$128.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$14.40M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$18.20M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$751.20M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$781.60M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-30.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-19.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$4.90M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-9.80M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-27.70M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-31.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.30M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-47.70M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-41.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$2.20M	USD	1 Quarter
Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$3.10M	USD	1 Quarter
Net loss attributable to Unisys Corporation	`NetIncomeLoss`	$-43.20M	USD	1 Quarter
Net loss attributable to Unisys Corporation	`NetIncomeLoss`	$-50.80M	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$2.70M	USD	1 Quarter
Net loss attributable to Unisys Corporation common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-53.50M	USD	1 Quarter
Net loss attributable to Unisys Corporation common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-43.20M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.87	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-1.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-1.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.87	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Consolidated net loss	`ProfitLoss`	$-47.70M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-41.00M	USD	1 Quarter
Foreign currency transaction losses	`ForeignCurrencyTransactionGainLossUnrealized`	$-5.80M	USD	1 Quarter
Employee stock compensation	`ShareBasedCompensation`	$4.40M	USD	1 Quarter
Employee stock compensation	`ShareBasedCompensation`	$7.20M	USD	1 Quarter
Depreciation and amortization of properties	`DepreciationDepletionAndAmortization`	$11.70M	USD	1 Quarter
Depreciation and amortization of properties	`DepreciationDepletionAndAmortization`	$12.00M	USD	1 Quarter
Depreciation and amortization of outsourcing assets	`DepreciationAndAmortizationOfOutsourcingAssets`	$12.70M	USD	1 Quarter
Depreciation and amortization of outsourcing assets	`DepreciationAndAmortizationOfOutsourcingAssets`	$13.30M	USD	1 Quarter
Amortization of marketable software	`AmortizationOfIntangibleAssets`	$14.70M	USD	1 Quarter
Amortization of marketable software	`AmortizationOfIntangibleAssets`	$16.30M	USD	1 Quarter
Other non-cash operating activities	`OtherNoncashIncomeExpense`	$100.00K	USD	1 Quarter
Other non-cash operating activities	`OtherNoncashIncomeExpense`	$100.00K	USD	1 Quarter
Disposal of capital assets	`GainLossOnSaleOfOtherAssets`	$-1.40M	USD	1 Quarter
Disposal of capital assets	`GainLossOnSaleOfOtherAssets`	$-300.00K	USD	1 Quarter
Gain on sale of business	`GainLossOnSaleOfBusiness`	$700.00K	USD	1 Quarter
Pension contributions	`PensionContributions`	$55.50M	USD	1 Quarter
Pension contributions	`PensionContributions`	$38.70M	USD	1 Quarter
Pension contributions	`PensionContributions`	$183.40M	USD	Annual
Pension expense	`PensionExpense`	$27.90M	USD	1 Quarter
Pension expense	`PensionExpense`	$19.50M	USD	1 Quarter
(Increase) decrease in deferred income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.80M	USD	1 Quarter
(Increase) decrease in deferred income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$4.40M	USD	1 Quarter
Decrease in receivables, net	`IncreaseDecreaseInReceivables`	$-121.20M	USD	1 Quarter
Decrease in receivables, net	`IncreaseDecreaseInReceivables`	$-106.80M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$15.10M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-3.00M	USD	1 Quarter
Decrease in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-66.00M	USD	1 Quarter
Decrease in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-106.40M	USD	1 Quarter
Decrease in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-11.10M	USD	1 Quarter
Decrease in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-9.60M	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$100.00K	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.70M	USD	1 Quarter
Net cash (used for) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.10M	USD	1 Quarter
Net cash (used for) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-43.30M	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.15B	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.43B	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$1.43B	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$1.13B	USD	1 Quarter
Investment in marketable software	`PaymentsToAcquireIntangibleAssets`	$20.70M	USD	1 Quarter
Investment in marketable software	`PaymentsToAcquireIntangibleAssets`	$16.70M	USD	1 Quarter
Capital additions of properties	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.20M	USD	1 Quarter
Capital additions of properties	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.90M	USD	1 Quarter
Capital additions of outsourcing assets	`CapitalAdditionsOfOutsourcingAssets`	$26.70M	USD	1 Quarter
Capital additions of outsourcing assets	`CapitalAdditionsOfOutsourcingAssets`	$8.70M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-900.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.50M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-41.10M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-29.10M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.50M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.60M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$300.00K	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$900.00K	USD	1 Quarter
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$4.00M	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.30M	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.20M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.70M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-23.10M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-26.00M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-92.30M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$402.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$639.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$494.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$613.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$402.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$639.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$494.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$613.80M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Consolidated net loss	`ProfitLoss`	$-47.70M	USD	1 Quarter
Postretirement adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-14.00M	USD	1 Quarter
Postretirement adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-700.00K	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-41.00M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$14.90M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-44.70M	USD	1 Quarter
Postretirement adjustments, net of tax of $(14.0) in 2015 and $(.7) in 2014	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-109.80M	USD	1 Quarter
Postretirement adjustments, net of tax of $(14.0) in 2015 and $(.7) in 2014	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-32.60M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$47.50M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$65.10M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-200.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$24.10M	USD	1 Quarter
Less comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.30M	USD	1 Quarter
Less comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.10M	USD	1 Quarter
Comprehensive income (loss) attributable to Unisys Corporation	`ComprehensiveIncomeNetOfTax`	$-4.30M	USD	1 Quarter
Comprehensive income (loss) attributable to Unisys Corporation	`ComprehensiveIncomeNetOfTax`	$20.80M	USD	1 Quarter

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