10-Q Filing

DYNATRACE, INC. CIK: 1773383 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001773383-19-000006`
Period End Date	20190630
Filing Date	20190905
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	quarterlyfsfy20q1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 58 Stockholders Equity 19 Comprehensive Income 8

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.40M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.30M	USD	Point-in-time
Common units, authorized (in units)	`CommonUnitAuthorized`	100.00	shares	Point-in-time
Common units, authorized (in units)	`CommonUnitAuthorized`	100.00	shares	Point-in-time
Common units, issued (in shares)	`CommonUnitIssued`	100.00	shares	Point-in-time
Common units, issued (in shares)	`CommonUnitIssued`	100.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.45M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3.3 million and $3.4 million as of June 30, 2019 and March 31, 2019, respectively	`AccountsReceivableNetCurrent`	$115.43M	USD	Point-in-time
Common units, outstanding (in units)	`CommonUnitOutstanding`	100.00	shares	Point-in-time
Common units, outstanding (in units)	`CommonUnitOutstanding`	100.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3.3 million and $3.4 million as of June 30, 2019 and March 31, 2019, respectively	`AccountsReceivableNetCurrent`	$82.38M	USD	Point-in-time
Deferred commissions, current	`CapitalizedContractCostNetCurrent`	$29.37M	USD	Point-in-time
Deferred commissions, current	`CapitalizedContractCostNetCurrent`	$27.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.05M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$190.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$213.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.28M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.93M	USD	Point-in-time
Goodwill	`Goodwill`	$1.27B	USD	Point-in-time
Goodwill	`Goodwill`	$1.27B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$259.12M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$244.40M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$10.78M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$10.68M	USD	Point-in-time
Deferred commissions, non-current	`CapitalizedContractCostNetNoncurrent`	$31.55M	USD	Point-in-time
Deferred commissions, non-current	`CapitalizedContractCostNetNoncurrent`	$30.62M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.76M	USD	Point-in-time
Total assets	`Assets`	$1.81B	USD	Point-in-time
Total assets	`Assets`	$1.78B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.70M	USD	Point-in-time
Accrued expenses, current	`AccruedLiabilitiesCurrent`	$51.75M	USD	Point-in-time
Accrued expenses, current	`AccruedLiabilitiesCurrent`	$64.92M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$9.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$281.98M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$272.77M	USD	Point-in-time
Payable to related party	`DueToRelatedPartiesCurrent`	$600.20M	USD	Point-in-time
Payable to related party	`DueToRelatedPartiesCurrent`	$597.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$938.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$950.90M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$93.60M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$92.97M	USD	Point-in-time
Accrued expenses, non-current	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$139.47M	USD	Point-in-time
Accrued expenses, non-current	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$98.36M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$47.60M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$38.72M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$1.01B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$1.00B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.21B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.20B	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common units, no par value, 100 units authorized, issued and outstanding	`CommonUnitIssuanceValue`	-	USD	Point-in-time
Common units, no par value, 100 units authorized, issued and outstanding	`CommonUnitIssuanceValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-184.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-184.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-176.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-225.16M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.71M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.87M	USD	Point-in-time
Total member's deficit	`MembersEquity`	$-268.69M	USD	Point-in-time
Total member's deficit	`MembersEquity`	$-437.63M	USD	Point-in-time
Total member's deficit	`MembersEquity`	$-390.26M	USD	Point-in-time
Total member's deficit	`MembersEquity`	$-295.75M	USD	Point-in-time
Total liabilities and member's deficit	`LiabilitiesAndStockholdersEquity`	$1.81B	USD	Point-in-time
Total liabilities and member's deficit	`LiabilitiesAndStockholdersEquity`	$1.78B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$98.22M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$122.55M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsAndServicesSoldAmortization`	$4.66M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsAndServicesSoldAmortization`	$4.56M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$24.69M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$29.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$93.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$73.53M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$25.66M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$58.22M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$42.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$19.88M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$31.88M	USD	1 Quarter
Amortization of other intangibles	`AmortizationOfOtherIntangibleAssets`	$12.05M	USD	1 Quarter
Amortization of other intangibles	`AmortizationOfOtherIntangibleAssets`	$10.14M	USD	1 Quarter
Restructuring and other	`RestructuringSettlementAndImpairmentProvisions`	$410.00K	USD	1 Quarter
Restructuring and other	`RestructuringSettlementAndImpairmentProvisions`	$115.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$92.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$126.01M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-33.01M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-19.21M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$19.19M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$10.69M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$2.86M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$94.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-52.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-27.04M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.94M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.48M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.16M	USD	1 Quarter
Basic and diluted (in dollars per share)	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted`	$-0.10	USD	1 Quarter
Basic and diluted (in dollars per share)	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted`	$-0.21	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted`	233.97M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted`	237.69M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.16M	USD	1 Quarter
Depreciation	`Depreciation`	$1.94M	USD	1 Quarter
Depreciation	`Depreciation`	$2.03M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$15.08M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$18.34M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$41.42M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$13.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-8.88M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-4.35M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-510.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-34.12M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-47.94M	USD	1 Quarter
Deferred commissions	`IncreaseDecreaseInContractWithCustomerAsset`	$720.00K	USD	1 Quarter
Deferred commissions	`IncreaseDecreaseInContractWithCustomerAsset`	$187.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.12M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.28M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.50M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.37M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$10.01M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$9.23M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$58.56M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.17M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.15M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.56M	USD	1 Quarter
Capitalized software additions	`PaymentsForSoftware`	$574.00K	USD	1 Quarter
Capitalized software additions	`PaymentsForSoftware`	$333.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.48M	USD	1 Quarter
Repayment of term loans	`RepaymentsOfLongTermDebt`	$19.00M	USD	1 Quarter
Repayment of term loans	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments to related parties	`RepaymentsOfRelatedPartyDebt`	$80.39M	USD	1 Quarter
Payments to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	$53.00K	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	$111.00K	USD	1 Quarter
Installments related to acquisition	`PaymentsToAcquireBusinessesGross`	-	USD	1 Quarter
Installments related to acquisition	`PaymentsToAcquireBusinessesGross`	$4.69M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.75M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-80.50M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$203.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.90M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.14M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-25.97M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$77.58M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.31M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.45M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$77.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.31M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.45M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.61M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$15.74M	USD	1 Quarter
Cash paid for (received from) tax	`IncomeTaxesPaidNet`	$-1.90M	USD	1 Quarter
Cash paid for (received from) tax	`IncomeTaxesPaidNet`	$2.05M	USD	1 Quarter
Transactions with related parties	`NoncashRelatedPartyTransactionAmountsofTransaction`	$-2.93M	USD	1 Quarter
Transactions with related parties	`NoncashRelatedPartyTransactionAmountsofTransaction`	-	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonUnitIssued`	100.00	shares	Point-in-time
Beginning balance (in shares)	`CommonUnitIssued`	100.00	shares	Point-in-time
Beginning balance	`MembersEquity`	$-268.69M	USD	Point-in-time
Beginning balance	`MembersEquity`	$-437.63M	USD	Point-in-time
Beginning balance	`MembersEquity`	$-390.26M	USD	Point-in-time
Beginning balance	`MembersEquity`	$-295.75M	USD	Point-in-time
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.01M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.84M	USD	1 Quarter
Transfers to related parties	`PaymentssOfDistributionsToParent`	$-1.39M	USD	1 Quarter
Equity repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$111.00K	USD	1 Quarter
Equity repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$53.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.16M	USD	1 Quarter
Ending balance (in shares)	`CommonUnitIssued`	100.00	shares	Point-in-time
Ending balance (in shares)	`CommonUnitIssued`	100.00	shares	Point-in-time
Ending balance	`MembersEquity`	$-268.69M	USD	Point-in-time
Ending balance	`MembersEquity`	$-437.63M	USD	Point-in-time
Ending balance	`MembersEquity`	$-390.26M	USD	Point-in-time
Ending balance	`MembersEquity`	$-295.75M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.16M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.01M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.84M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.01M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.84M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-25.57M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-47.32M	USD	1 Quarter

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