XML 12 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Comprehensive Income        
REVENUES $ 238,481,000 $ 221,147,000 $ 698,336,000 $ 637,777,000
COST OF REVENUES        
Cost of revenues, exclusive of amortization and impairment of acquired technologies 54,890,000 51,459,000 160,929,000 153,954,000
Amortization of acquired technologies 171,000 6,567,000 8,828,000 19,897,000
Impairment of acquired technologies 0 0 0 431,000
Total cost of revenues 55,061,000 58,026,000 169,757,000 174,282,000
GROSS PROFIT 183,420,000 163,121,000 528,579,000 463,495,000
OPERATING EXPENSES:        
Research and development 49,525,000 43,532,000 148,255,000 127,891,000
Selling and marketing 34,347,000 35,605,000 106,254,000 105,072,000
General and administrative 52,918,000 49,471,000 161,247,000 137,477,000
Amortization of intangible assets 17,942,000 17,942,000 53,826,000 54,030,000
Impairment of goodwill 0 0 0 77,405,000
Impairment of intangible assets 0 0 0 4,906,000
Total operating expenses 154,732,000 146,550,000 469,582,000 506,781,000
OPERATING INCOME (LOSS) 28,688,000 16,571,000 58,997,000 (43,286,000)
INTEREST EXPENSE (16,379,000) (14,633,000) (49,434,000) (42,480,000)
INTEREST INCOME 3,343,000 5,165,000 8,435,000 12,447,000
CHANGE IN FAIR VALUE OF WARRANT LIABILITIES 0 (26,223,000) 14,378,000 (45,403,000)
OTHER (EXPENSE) INCOME-NET (2,587,000) (264,000) 1,606,000 1,114,000
PRETAX INCOME (LOSS) 13,065,000 (19,384,000) 33,982,000 (117,608,000)
INCOME TAX (PROVISION) BENEFIT (8,933,000) (1,818,000) (9,002,000) 1,246,000
NET INCOME (LOSS) INCLUDING NON-CONTROLLING INTEREST 4,132,000 (21,202,000) 24,980,000 (116,362,000)
LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST (1,320,000) (1,010,000) (3,683,000) (1,325,000)
NET INCOME (LOSS) ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS $ 2,812,000 $ (22,212,000) $ 21,297,000 $ (117,687,000)
Net income (loss) per share attributable to common stockholders:        
Basic $ 0 $ (0.04) $ 0.04 $ (0.19)
Diluted $ 0 $ (0.04) $ 0.03 $ (0.19)
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders:        
Basic 615,857,231 624,976,557 608,073,087 620,841,922
Diluted 642,404,517 624,976,557 639,069,491 620,841,922
COMPREHENSIVE INCOME (LOSS):        
Net income (loss) including non-controlling interest $ 4,132,000 $ (21,202,000) $ 24,980,000 $ (116,362,000)
Other comprehensive loss - Foreign currency translation adjustment 117,000 (23,000) 26,000 (274,000)
COMPREHENSIVE INCOME (LOSS) INCLUDING NON-CONTROLLING INTEREST 4,249,000 (21,225,000) 25,006,000 (116,636,000)
Less: accretion of redeemable non-controlling interest (1,320,000) (1,010,000) (3,683,000) (1,325,000)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS $ 2,929,000 $ (22,235,000) $ 21,323,000 $ (117,961,000)