Clarivate Plc (CLVT) Financial Statements (2024 and earlier)

Company Profile

Business Address 1500 SPRING GARDEN STREET
PHILADELPHIA, PA 19130
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments348,800430,879257,73076,130
Cash and cash equivalents348,800430,879257,73076,130
Restricted cash and investments8,000156,73411,2789
Receivables872,100906,428751,446333,858
Prepaid expense89,40076,55158,77040,710
Disposal group, including discontinued operation    
Other current assets76,90066,646248,78111,750
Other undisclosed current assets    30,619
Total current assets:1,395,2001,637,2381,328,005493,076
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 6,20030,560  
Operating lease, right-of-use asset58,90086,027132,35685,448
Property, plant and equipment   36,26718,042
Intangible assets, net (including goodwill)12,314,20018,297,21713,622,9863,156,685
Goodwill2,876,5007,904,8636,252,6361,328,045
Intangible assets, net (excluding goodwill)9,437,70010,392,3547,370,3501,828,640
Deferred income tax assets24,20027,93829,78619,488
Other noncurrent assets97,90050,71047,94418,632
Other undisclosed noncurrent assets48,30053,289  
Total noncurrent assets:12,549,70018,545,74113,869,3393,298,295
TOTAL ASSETS:13,944,90020,182,97915,197,3443,791,371
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities233,500577,386474,63827,093
Taxes payable28,53845,119 
Employee-related liabilities150,63498,481635
Accounts payable101,400129,21882,03826,458
Accrued liabilities132,100268,996249,000 
Deferred revenue947,5001,030,399707,318407,325
Debt1,00030,57728,6009,000
Estimated litigation liability  79,013  
Disposal group, including discontinued operation    
Business combination, contingent consideration, liability   130,594 
Other liabilities    159,217
Other undisclosed current liabilities377,800184,599228,61748,363
Total current liabilities:1,559,8001,901,9741,569,767650,998
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,005,0005,579,093104,32464,189
Long-term debt, excluding current maturities  5,456,280  
Finance lease, liability 30,30028,858  
Other undisclosed long-term debt and lease obligation4,974,700   
Liabilities, other than long-term debt556,500590,750471,38287,161
Deferred revenue38,50054,25041,39919,723
Deferred income tax liabilities316,100380,060362,26148,547
Liability, pension and other postretirement and postemployment benefits 9,90013,688  
Other liabilities119,100142,75267,72218,891
Operating lease, liability72,90093,955104,32464,189
Other undisclosed noncurrent liabilities 11,100185,2933,457,9001,628,611
Total noncurrent liabilities:5,572,6006,355,1364,033,6061,779,961
Total liabilities:7,132,4008,257,1105,603,3732,430,959
Equity
Equity, attributable to parent6,812,50011,925,8699,593,9711,360,412
Preferred stock1,392,6001,392,616  
Common stock11,744,70011,827,91510,049,3172,208,529
Treasury stock, value  (16,956)  
Accumulated other comprehensive income (loss)(665,900)326,755503,521(4,879)
Accumulated deficit(5,658,900)(1,604,461)(958,867)(843,238)
Total equity:6,812,50011,925,8699,593,9711,360,412
TOTAL LIABILITIES AND EQUITY:13,944,90020,182,97915,197,3443,791,371

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues2,659,8001,876,8941,254,047974,345
Cost of revenue(954,000)(626,104)  
Gross profit:1,705,8001,250,7901,254,047974,345
Operating expenses(729,900)(772,448)(1,251,242)(1,017,432)
Other operating income (expense), net324,800(27,507)  
Other nonrecurring (income) expense900(7,889)  
Other undisclosed operating loss(5,226,300)(537,815)  
Operating income (loss):(3,925,600)(86,980)2,805(43,087)
Interest and debt expense(270,300)(252,490)(111,914)(208,365)
Other undisclosed income from continuing operations before equity method investments, income taxes    50,676
Income (loss) from continuing operations before equity method investments, income taxes:(4,195,900)(339,470)(109,109)(200,776)
Other undisclosed income from continuing operations before income taxes206,80081,320  
Income (loss) from continuing operations before income taxes:(3,989,100)(258,150)(109,109)(200,776)
Income tax expense (benefit)28,900(12,298)2,799(10,201)
Income (loss) from continuing operations:(3,960,200)(270,448)(106,310)(210,977)
Loss before gain (loss) on sale of properties:(270,448)(106,310)(210,977)
Net income (loss) attributable to parent:(3,960,200)(270,448)(106,310)(210,977)
Preferred stock dividends and other adjustments(75,400)(41,508)  
Net income (loss) available to common stockholders, basic:(4,035,600)(311,956)(106,310)(210,977)
Dilutive securities, effect on basic earnings per share(197,600)(81,320)  
Net income (loss) available to common stockholders, diluted:(4,233,200)(393,276)(106,310)(210,977)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(3,960,200)(270,448)(106,310)(210,977)
Comprehensive income (loss):(3,960,200)(270,448)(106,310)(210,977)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(992,600)(165,627)508,400(10,237)
Comprehensive income (loss), net of tax, attributable to parent:(4,952,800)(436,075)402,090(221,214)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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