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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income        
REVENUES $ 232,618,000 $ 211,710,000 $ 459,855,000 $ 416,630,000
COST OF REVENUES        
Cost of revenues, exclusive of amortization and impairment of acquired technologies 53,231,000 52,047,000 106,038,000 102,494,000
Amortization of acquired technologies 2,090,000 6,646,000 8,657,000 13,331,000
Impairment of acquired technologies 0 431,000 0 431,000
Total cost of revenues 55,321,000 59,124,000 114,695,000 116,256,000
GROSS PROFIT 177,297,000 152,586,000 345,160,000 300,374,000
OPERATING EXPENSES:        
Research and development 49,253,000 43,363,000 98,730,000 84,359,000
Selling and marketing 36,321,000 35,936,000 71,907,000 69,467,000
General and administrative 51,268,000 46,141,000 108,329,000 88,006,000
Amortization of intangible assets 17,942,000 18,022,000 35,884,000 36,088,000
Impairment of goodwill 0 77,405,000 0 77,405,000
Impairment of intangible assets 0 4,906,000 0 4,906,000
Total operating expenses 154,784,000 225,773,000 314,850,000 360,231,000
OPERATING INCOME (LOSS) 22,513,000 (73,187,000) 30,310,000 (59,857,000)
INTEREST EXPENSE (16,602,000) (14,014,000) (33,054,000) (27,846,000)
INTEREST INCOME 2,625,000 4,023,000 5,092,000 7,282,000
CHANGE IN FAIR VALUE OF WARRANT LIABILITIES 15,963,000 (20,375,000) 14,378,000 (19,180,000)
OTHER INCOME - Net 1,253,000 3,928,000 4,191,000 1,377,000
PRETAX INCOME (LOSS) 25,752,000 (99,625,000) 20,917,000 (98,224,000)
INCOME TAX (PROVISION) BENEFIT (4,307,000) 2,281,000 (69,000) 3,064,000
NET INCOME (LOSS) INCLUDING NON-CONTROLLING INTEREST 21,445,000 (97,344,000) 20,848,000 (95,160,000)
LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST (1,221,000) (315,000) (2,363,000) (315,000)
NET INCOME (LOSS) ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS $ 20,224,000 $ (97,659,000) $ 18,485,000 $ (95,475,000)
Net income (loss) per share attributable to common stockholders:        
Basic $ 0.03 $ (0.16) $ 0.03 $ (0.15)
Diluted $ 0.03 $ (0.16) $ 0.03 $ (0.15)
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders:        
Basic 609,997,114 621,235,776 604,138,246 618,740,340
Diluted 638,367,745 621,235,776 636,990,633 618,740,340
COMPREHENSIVE INCOME (LOSS):        
Net income (loss) including non-controlling interest $ 21,445,000 $ (97,344,000) $ 20,848,000 $ (95,160,000)
Other comprehensive loss - Foreign currency translation adjustment (16,000) (285,000) (91,000) (251,000)
COMPREHENSIVE INCOME (LOSS) INCLUDING NON-CONTROLLING INTEREST 21,429,000 (97,629,000) 20,757,000 (95,411,000)
Less: accretion of redeemable non-controlling interest (1,221,000) (315,000) (2,363,000) (315,000)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS $ 20,208,000 $ (97,944,000) $ 18,394,000 $ (95,726,000)