10-Q Filing

FAIR ISAAC CORP CIK: 814547 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001628280-18-000591`
Period End Date	20171231
Filing Date	20180125
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	fico-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 42 Cash Flow Statement 70 Stockholders Equity 11

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.10M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.21M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$168.59M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$164.66M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$40.26M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$36.73M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$299.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$310.93M	USD	Point-in-time
Marketable Securities	`MarketableSecurities`	$15.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	88.86M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	88.86M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$13.79M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.25M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.24M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	58.61M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	58.61M	shares	Point-in-time
Other investments	`CostMethodInvestments`	$11.72M	USD	Point-in-time
Other investments	`CostMethodInvestments`	$11.73M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.81M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.70M	USD	Point-in-time
Goodwill	`Goodwill`	$806.33M	USD	Point-in-time
Goodwill	`Goodwill`	$804.41M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$21.18M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$19.51M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$47.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$40.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.67M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.81M	USD	Point-in-time
Total assets	`Assets`	$1.24B	USD	Point-in-time
Total assets	`Assets`	$1.26B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.20M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$77.61M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$49.03M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$32.10M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$25.30M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$55.43M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$58.74M	USD	Point-in-time
Current maturities on debt	`DebtCurrent`	$201.00M	USD	Point-in-time
Current maturities on debt	`DebtCurrent`	$142.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$326.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$353.28M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$462.83M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$462.80M	USD	Point-in-time
Other liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$39.09M	USD	Point-in-time
Other liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$39.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$829.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$855.20M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.01 par value; 1,000 shares authorized; none issued and outstanding)	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock ($0.01 par value; 1,000 shares authorized; none issued and outstanding)	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock ($0.01 par value; 200,000 shares authorized, 88,857 shares issued and 30,246 and 30,243 shares outstanding at December 31, 2017 and September 30, 2017, respectively)	`CommonStockValueOutstanding`	$302.00K	USD	Point-in-time
Common stock ($0.01 par value; 200,000 shares authorized, 88,857 shares issued and 30,246 and 30,243 shares outstanding at December 31, 2017 and September 30, 2017, respectively)	`CommonStockValueOutstanding`	$302.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.20B	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.16B	USD	Point-in-time
Treasury stock, at cost (58,611 and 58,614 shares at December 31, 2017 and September 30, 2017, respectively)	`TreasuryStockValue`	$2.30B	USD	Point-in-time
Treasury stock, at cost (58,611 and 58,614 shares at December 31, 2017 and September 30, 2017, respectively)	`TreasuryStockValue`	$2.34B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.63B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.60B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-66.49M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-63.42M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$426.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$385.64M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.26B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.24B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Transactional and maintenance	`TransactionalAndMaintenanceRevenue`	$174.66M	USD	1 Quarter
Transactional and maintenance	`TransactionalAndMaintenanceRevenue`	$153.66M	USD	1 Quarter
Professional services	`TechnologyServicesRevenue`	$42.63M	USD	1 Quarter
Professional services	`TechnologyServicesRevenue`	$43.54M	USD	1 Quarter
License	`LicensesRevenue`	$18.03M	USD	1 Quarter
License	`LicensesRevenue`	$22.40M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$219.60M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$235.32M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$74.36M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$70.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$28.97M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.14M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$90.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$85.21M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.79M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.32M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$195.42M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$184.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$34.93M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$39.90M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.46M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.17M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$513.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.96M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.66M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$-9.25M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.35M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.07M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$30.37M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.55M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.22	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.08M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.54M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.56M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$27.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.06M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$14.52M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$16.51M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.72M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net gain on marketable securities	`MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments`	$90.00K	USD	1 Quarter
Net gain on marketable securities	`MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments`	-	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$463.00K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Net loss on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-9.00K	USD	1 Quarter
Net loss on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.25M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.66M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.88M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.53M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-725.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-119.00K	USD	1 Quarter
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-29.03M	USD	1 Quarter
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-28.67M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.17M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.09M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$11.51M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.44M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$32.98M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$28.78M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.32M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.04M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$8.00K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$1.94M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.32M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.98M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$60.00M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$79.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$20.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$10.00M	USD	1 Quarter
Payments on debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments on debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$240.00K	USD	1 Quarter
Proceeds from issuance of treasury stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$693.00K	USD	1 Quarter
Proceeds from issuance of treasury stock under employee stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.66M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$35.60M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$38.87M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$618.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$30.44M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$55.26M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.68M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.99M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$474.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.49M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.40M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.18M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.93M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$88.10M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$105.62M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.21M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$75.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$88.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$105.62M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.21M	USD	Point-in-time
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$2.22M	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$7.46M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$7.09M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$5.85M	USD	1 Quarter
Purchase of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.48M	USD	1 Quarter
Purchase of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$3.82M	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$426.54M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$385.64M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.51M	USD	1 Quarter
Issuance of treasury stock under employee stock plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-38.17M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$49.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.35M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.07M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$426.54M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$385.64M	USD	Point-in-time

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