10-Q Filing

SS&C TECHNOLOGIES HOLDINGS INC CIK: 1402436 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-166046`
Period End Date	20150331
Filing Date	20150501
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	ssnc-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 58 Cash Flow Statement 60

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.54M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.24M	USD	Point-in-time
Accumulated amortization of finite-lived intangible assets	`AccumulatedAmortizationOfIntangibleAndOtherAssets`	$416.71M	USD	Point-in-time
Accumulated amortization of finite-lived intangible assets	`AccumulatedAmortizationOfIntangibleAndOtherAssets`	$431.80M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$78.37M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$84.47M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$88.33M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$109.58M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,544 and $2,241, respectively	`AccountsReceivableNetCurrent`	$94.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,544 and $2,241, respectively	`AccountsReceivableNetCurrent`	$103.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.93M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82.51M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82.27M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.68M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	81.48M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$11.91M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$11.86M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	81.73M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.98M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.63M	USD	Point-in-time
Common stock, shares unvested	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber`	17,000.00	shares	Point-in-time
Common stock, shares unvested	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber`	16,000.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	786,000.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.48M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	786,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$235.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$219.83M	USD	Point-in-time
Land	`Land`	$2.65M	USD	Point-in-time
Land	`Land`	$2.65M	USD	Point-in-time
Building and improvements	`BuildingsAndImprovementsGross`	$28.52M	USD	Point-in-time
Building and improvements	`BuildingsAndImprovementsGross`	$28.41M	USD	Point-in-time
Equipment, furniture, and fixtures	`EquipmentFurnitureAndFixturesGross`	$79.56M	USD	Point-in-time
Equipment, furniture, and fixtures	`EquipmentFurnitureAndFixturesGross`	$80.73M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$111.79M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$110.74M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$58.98M	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$56.46M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$52.81M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$54.28M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.14M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.30M	USD	Point-in-time
Goodwill	`Goodwill`	$1.54B	USD	Point-in-time
Goodwill	`Goodwill`	$1.57B	USD	Point-in-time
Intangible and other assets, net of accumulated amortization of $431,795 and $416,708, respectively	`IntangibleAssetsNetAndOtherAssetsExcludingGoodwill`	$391.03M	USD	Point-in-time
Intangible and other assets, net of accumulated amortization of $431,795 and $416,708, respectively	`IntangibleAssetsNetAndOtherAssetsExcludingGoodwill`	$421.51M	USD	Point-in-time
Total assets	`Assets`	$2.29B	USD	Point-in-time
Total assets	`Assets`	$2.21B	USD	Point-in-time
Current portion of long-term debt (Note 4)	`LongTermDebtCurrent`	$19.06M	USD	Point-in-time
Current portion of long-term debt (Note 4)	`LongTermDebtCurrent`	$20.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.12M	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.97M	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$53.98M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$110.00K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$151.00K	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$30.67M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$37.46M	USD	Point-in-time
Deferred maintenance and other revenue	`DeferredRevenueCurrent`	$73.25M	USD	Point-in-time
Deferred maintenance and other revenue	`DeferredRevenueCurrent`	$80.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$191.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$168.52M	USD	Point-in-time
Long-term debt, net of current portion (Note 4)	`LongTermDebtNoncurrent`	$618.43M	USD	Point-in-time
Long-term debt, net of current portion (Note 4)	`LongTermDebtNoncurrent`	$576.19M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$27.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$26.45M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$97.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$102.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$868.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$938.65M	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`	$822.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$825.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$976.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$964.85M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-51.34M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$429.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$414.08M	USD	Point-in-time
Total common stock	`StockholdersEquityBeforeTreasuryStock`	$1.36B	USD	Point-in-time
Total common stock	`StockholdersEquityBeforeTreasuryStock`	$1.36B	USD	Point-in-time
Less: cost of common stock in treasury, 786 shares	`TreasuryStockValue`	$17.98M	USD	Point-in-time
Less: cost of common stock in treasury, 786 shares	`TreasuryStockValue`	$17.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.29B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.21B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Software-enabled services	`SalesRevenueServicesNet`	$153.57M	USD	1 Quarter
Software-enabled services	`SalesRevenueServicesNet`	$145.38M	USD	1 Quarter
Software licenses	`LicensesRevenue`	$7.50M	USD	1 Quarter
Software licenses	`LicensesRevenue`	$7.33M	USD	1 Quarter
Maintenance	`MaintenanceRevenue`	$25.53M	USD	1 Quarter
Maintenance	`MaintenanceRevenue`	$35.72M	USD	1 Quarter
Professional services	`TechnologyServicesRevenue`	$7.40M	USD	1 Quarter
Professional services	`TechnologyServicesRevenue`	$9.12M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$185.81M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$205.74M	USD	1 Quarter
Software-enabled services	`CostOfServices`	$88.60M	USD	1 Quarter
Software-enabled services	`CostOfServices`	$85.69M	USD	1 Quarter
Software licenses	`LicenseCosts`	$1.39M	USD	1 Quarter
Software licenses	`LicenseCosts`	$851.00K	USD	1 Quarter
Maintenance	`MaintenanceCosts`	$9.93M	USD	1 Quarter
Maintenance	`MaintenanceCosts`	$13.80M	USD	1 Quarter
Professional services	`TechnologyServicesCosts`	$8.51M	USD	1 Quarter
Professional services	`TechnologyServicesCosts`	$5.03M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$101.50M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$112.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$84.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$93.43M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$11.90M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$13.39M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.59M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$19.61M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$37.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$50.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$43.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$47.02M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$7.10M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.60M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-686.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.51M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$36.03M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.24M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.79M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.25M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Basic weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	84.26M	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`	$0.30	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`	88.46M	shares	1 Quarter
Net income	`NetIncomeLoss`	$26.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.25M	USD	1 Quarter
Foreign currency exchange translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-36.22M	USD	1 Quarter
Foreign currency exchange translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.31M	USD	1 Quarter
Total comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-36.22M	USD	1 Quarter
Total comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-6.31M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-9.97M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$20.14M	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$26.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.00M	USD	1 Quarter
Amortization of loan origination costs	`AmortizationOfFinancingCosts`	$1.52M	USD	1 Quarter
Amortization of loan origination costs	`AmortizationOfFinancingCosts`	$1.44M	USD	1 Quarter
Income tax benefit related to exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.84M	USD	1 Quarter
Income tax benefit related to exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.45M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.13M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.44M	USD	1 Quarter
Stock-based compensation expense	`AllocatedShareBasedCompensationExpense`	$2.98M	USD	1 Quarter
Stock-based compensation expense	`AllocatedShareBasedCompensationExpense`	$4.11M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$437.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$184.00K	USD	1 Quarter
Loss on sale or disposition of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-209.00K	USD	1 Quarter
Loss 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`	$12.06M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.74M	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`	$1.52M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.76M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-333.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-26.34M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-25.28M	USD	1 Quarter
Deferred maintenance and other revenue	`IncreaseDecreaseInDeferredRevenue`	$9.12M	USD	1 Quarter
Deferred maintenance and other revenue	`IncreaseDecreaseInDeferredRevenue`	$2.33M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$38.55M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$31.17M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.25M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.76M	USD	1 Quarter
Additions to capitalized software	`PaymentsToAcquireSoftware`	$856.00K	USD	1 Quarter
Additions to capitalized software	`PaymentsToAcquireSoftware`	$928.00K	USD	1 Quarter
Net changes in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-983.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.18M	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`	$44.00M	USD	1 Quarter
Income tax benefit related to exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.45M	USD	1 Quarter
Income tax benefit related to exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.84M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.66M	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
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$10.54M	USD	1 Quarter
Payment of fees related to refinancing activities	`PaymentOfFeesRelatedToRefinancingActivities`	$512.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-42.56M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-47.04M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.20M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$536.00K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.10M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.25M	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$78.37M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.47M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$88.33M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$109.58M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$78.37M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$84.47M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$88.33M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$109.58M	USD	Point-in-time

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