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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income        
REVENUES $ 221,147,000 $ 198,734,000 $ 637,777,000 $ 578,342,000
COST OF REVENUES        
Cost of revenues, exclusive of amortization and impairment of acquired technologies 51,459,000 46,379,000 153,954,000 135,174,000
Amortization of acquired technologies 6,567,000 6,748,000 19,897,000 20,193,000
Impairment of acquired technologies 0 0 431,000 0
Total cost of revenues 58,026,000 53,127,000 174,282,000 155,367,000
GROSS PROFIT 163,121,000 145,607,000 463,495,000 422,975,000
OPERATING EXPENSES:        
Research and development 43,532,000 40,273,000 127,891,000 114,711,000
Selling and marketing 35,605,000 30,838,000 105,072,000 88,731,000
General and administrative 49,471,000 39,376,000 137,477,000 123,093,000
Amortization of intangible assets 17,942,000 18,066,000 54,030,000 54,212,000
Goodwill impairment 0 0 77,405,000 0
Impairment of intangible assets 0 0 4,906,000 0
Total operating expenses 146,550,000 128,553,000 506,781,000 380,747,000
OPERATING INCOME (LOSS) 16,571,000 17,054,000 (43,286,000) 42,228,000
INTEREST EXPENSE (14,633,000) (10,501,000) (42,480,000) (25,786,000)
INTEREST INCOME 5,165,000 0 12,447,000 0
CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS (446,000) 5,991,000 563,000 5,991,000
CHANGE IN FAIR VALUE OF WARRANT LIABILITIES (26,223,000) 312,000 (45,403,000) 23,452,000
GAIN ON SALE OF COST METHOD INVESTMENT 0 9,000 0 3,587,000
OTHER INCOME - Net 182,000 382,000 551,000 576,000
PRETAX (LOSS) INCOME (19,384,000) 13,247,000 (117,608,000) 50,048,000
INCOME TAX (PROVISION) BENEFIT (1,818,000) (3,452,000) 1,246,000 (12,714,000)
NET (LOSS) INCOME INCLUDING NON-CONTROLLING INTEREST (21,202,000) 9,795,000 (116,362,000) 37,334,000
LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST (1,010,000) 0 (1,325,000) 0
NET (LOSS) INCOME ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS (22,212,000) 9,795,000 (117,687,000) 37,334,000
LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST $ (1,010,000) $ 0 $ (1,325,000) $ 0
Net (loss) income per share attributable to common stockholders:        
Basic $ (0.04) $ 0.02 $ (0.19) $ 0.06
Diluted $ (0.04) $ 0.02 $ (0.19) $ 0.06
Weighted-average shares used in computing net (loss) income per share attributable to common stockholders:        
Basic 624,976,557 609,421,073 620,841,922 606,181,316
Diluted 624,976,557 643,582,922 620,841,922 642,208,622
COMPREHENSIVE INCOME:        
Net (loss) income $ (21,202,000) $ 9,795,000 $ (116,362,000) $ 37,334,000
Other comprehensive (loss) income - Foreign currency translation adjustment (23,000) (510,000) (274,000) (804,000)
COMPREHENSIVE (LOSS) INCOME INCLUDING NON-CONTROLLING INTEREST (21,225,000) 9,285,000 (116,636,000) 36,530,000
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS $ (22,235,000) $ 9,285,000 $ (117,961,000) $ 36,530,000