XML 21 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income      
REVENUES $ 866,378,000 $ 782,448,000 $ 688,288,000
COST OF REVENUES      
Cost of revenues, exclusive of amortization and impairment of acquired technologies 203,324,000 187,001,000 169,335,000
Amortization of acquired technologies 26,464,000 26,938,000 26,320,000
Impairment of acquired technologies 431,000 0 0
Total cost of revenues 230,219,000 213,939,000 195,655,000
GROSS PROFIT 636,159,000 568,509,000 492,633,000
OPERATING EXPENSES:      
Research and development 173,106,000 156,957,000 165,991,000
Selling and marketing 140,851,000 119,594,000 148,861,000
General and administrative 191,844,000 167,758,000 250,098,000
Amortization of intangible assets 71,972,000 72,278,000 72,358,000
Impairment of goodwill 77,405,000 0 0
Impairment of intangible assets 4,906,000 0 0
Total operating expenses 660,084,000 516,587,000 637,308,000
OPERATING (LOSS) INCOME (23,925,000) 51,922,000 (144,675,000)
INTEREST EXPENSE (63,577,000) (38,990,000) (58,990,000)
INTEREST INCOME 16,252,000 908,000 0
CHANGE IN FAIR VALUE OF WARRANT LIABILITIES (15,096,000) 26,073,000 (64,501,000)
CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 0 0 8,373,000
GAIN ON SALE OF COST METHOD INVESTMENT 0 3,587,000 0
LOSS ON EARLY EXTINGUISHMENT OF DEBT 0 0 (15,240,000)
OTHER INCOME — Net 1,799,000 6,362,000 114,000
PRETAX (LOSS) INCOME (84,547,000) 49,862,000 (274,919,000)
INCOME TAX (PROVISION) BENEFIT (5,524,000) (11,456,000) 26,000,000
NET (LOSS) INCOME INCLUDING NON-CONTROLLING INTEREST (90,071,000) 38,406,000 (248,919,000)
LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST (2,405,000) 0 0
NET (LOSS) INCOME ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC.'s COMMON STOCKHOLDERS $ (92,476,000) $ 38,406,000 $ (248,919,000)
Net (loss) income per share attributable to common stockholders:      
Basic $ (0.15) $ 0.06 $ (0.46)
Diluted $ (0.15) $ 0.06 $ (0.46)
Weighted-average shares used in computing net (loss) income per share attributable to common stockholders:      
Basic 617,889,384 607,760,886 543,558,222
Diluted 617,889,384 642,841,596 543,558,222
COMPREHENSIVE (LOSS) INCOME:      
Net income (loss) including non-controlling interest $ (90,071,000) $ 38,406,000 $ (248,919,000)
Other comprehensive (loss) income—Foreign currency translation adjustment (189,000) (569,000) (44,000)
COMPREHENSIVE (LOSS) INCOME INCLUDING NON-CONTROLLING INTEREST (90,260,000) 37,837,000 (248,963,000)
Less: accretion of redeemable non-controlling interest (2,405,000) 0 0
COMPREHENSIVE (LOSS) INCOME INCLUDING NON-CONTROLLING INTEREST $ (92,665,000) $ 37,837,000 $ (248,963,000)