← Filings of FICO
Tables in the 10-Q of FAIR ISAAC CORP
43 tables with numbers, filed Jan 28, 2021. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| PART I – FINANCIAL INFORMATION | |
| Item 1. | Financial Statements | 1 |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 17 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 31 |
| Item 4. | Controls and Procedures | 33 |
| PART II – OTHER INFORMATION | |
| Item 1. | Legal Proceedings | 34 |
| Item 1A. | Risk Factors | 34 |
First 8 of 14 rows. The CSV has all of them.
| December 31, 2020 | September 30, 2020 | |
| (In thousands, except par value data) | | |
| Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $144,662 | | $157,394 |
| Accounts receivable, net | 310,626 | | 334,180 |
| Prepaid expenses and other current assets | 53,153 | | 42,504 |
| Total current assets | 508,441 | | 534,078 |
First 8 of 39 rows. The CSV has all of them.
| Quarter Ended December 31, | | |
| 2020 | 2019 | |
| (In thousands, except per share data) | | |
| Revenues: | | | |
| Transactional and maintenance | $252,150 | | $220,374 |
| Professional services | 41,425 | | 44,025 |
| License | 18,839 | | 34,105 |
| Total revenues | 312,414 | | 298,504 |
First 8 of 31 rows. The CSV has all of them.
| Common Stock | Additional Paid-in-Capital | | Treasury Stock | Retained Earnings | Accumulated Other Comprehensive Loss | | Total Stockholders’ Equity | | | |
| (In thousands) | Shares | Par Value | | | | | | | | | |
| Balance at September 30, 2020 | 29,096 | | $291 | | $1,218,583 | | $(2,997,856) | | $2,193,059 | $(82,995) | $331,082 |
| Share-based compensation | — | | — | | 25,132 | | — | | — | — | 25,132 |
| Issuance of treasury stock under employee stock plans | 241 | | 2 | | (97,822) | | 12,198 | | — | — | (85,622) |
| Repurchases of common stock | (101) | | (1) | | — | | (50,010) | | — | — | (50,011) |
| Net income | — | | — | | — | | — | | 86,492 | — | 86,492 |
| Foreign currency translation adjustments | — | | — | | — | | — | | — | 17,048 | 17,048 |
First 8 of 18 rows. The CSV has all of them.
| Quarter Ended December 31, | | |
| 2020 | 2019 | |
| (In thousands) | | |
| Cash flows from operating activities: | | | |
| Net income | $86,492 | | $54,921 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| Depreciation and amortization | 7,026 | | 7,856 |
| Share-based compensation | 25,132 | | 23,145 |
First 8 of 49 rows. The CSV has all of them.
Table 6 after “The following tables represent financial assets that we measured at fair value on a recurring basis at December 31, 2020 and September 30, 2”
Download CSV
| December 31, 2020 | Active Markets for Identical Instruments (Level 1) | Fair Value as of December 31, 2020 | |
| (In thousands) | | |
| Assets: | | | |
| Cash equivalents (1) | $10,694 | | $10,694 |
| Marketable securities (2) | 28,455 | | 28,455 |
| Total | $39,149 | | $39,149 |
| September 30, 2020 | Active Markets for Identical Instruments (Level 1) | Fair Value as of September 30, 2020 | |
| (In thousands) | | |
First 8 of 12 rows. The CSV has all of them.
Table 7 after “The following tables summarize our outstanding foreign currency forward contracts, by currency, at December 31, 2020 and September 30, 2020:”
Download CSV
| December 31, 2020 | | | | |
| Contract Amount | | Fair Value | | |
| Foreign Currency | | USD | USD | |
| (In thousands) | | | | |
| Sell foreign currency: | | | | | |
| Euro (EUR) | EUR | 18,900 | | $23,068 | $— |
| Buy foreign currency: | | | | | |
| British pound (GBP) | GBP | 12,034 | | $16,400 | $— |
First 8 of 9 rows. The CSV has all of them.
Table 8 after “The following tables summarize our outstanding foreign currency forward contracts, by currency, at December 31, 2020 and September 30, 2020:”
Download CSV
| September 30, 2020 | | | | |
| Contract Amount | | Fair Value | | |
| Foreign Currency | | USD | USD | |
| (In thousands) | | | | |
| Sell foreign currency: | | | | | |
| Euro (EUR) | EUR | 15,000 | | $17,656 | $— |
| Buy foreign currency: | | | | | |
| British pound (GBP) | GBP | 16,555 | | $21,300 | $— |
First 8 of 9 rows. The CSV has all of them.
Table 9 after “Gains on derivative financial instruments are recorded in our condensed consolidated statements of income and comprehensive income as a comp”
Download CSV
| Quarter Ended December 31, | | |
| 2020 | 2019 | |
| (In thousands) | | |
| Gains on foreign currency forward contracts | $1,686 | | $1,145 |
Table 10 after “Amortization expense associated with our intangible assets is reflected as a separate operating expense caption — amortization of intangible”
Download CSV
| Quarter Ended December 31, | | |
| 2020 | 2019 | |
| (In thousands) | | |
| Completed technology | $322 | | $575 |
| Customer contracts and relationships | 571 | | 1,140 |
| Trade names | — | | 37 |
| Non-compete agreements | 44 | | 44 |
| Total | $937 | | $1,796 |
Table 11 after “Estimated future intangible asset amortization expense associated with intangible assets existing at December 31, 2020 was as follows:”
Download CSV
| Year Ending September 30, | (In thousands) |
| 2021 (excluding the quarter ended December 31, 2020) | $2,742 |
| 2022 | 3,392 |
| 2023 | 1,316 |
| 2024 | 917 |
| Total | $8,367 |
Table 12 after “The following table summarizes changes to goodwill during the quarter ended December 31, 2020, both in total and as allocated to our segment”
Download CSV
| Applications | Scores | | Decision Management Software | Total | |
| (In thousands) | | | | | |
| Balance at September 30, 2020 | $596,804 | | $146,648 | | $68,912 | $812,364 |
| Foreign currency translation adjustment | 4,568 | | — | | 845 | 5,413 |
| Balance at December 31, 2020 | $601,372 | | $146,648 | | $69,757 | $817,777 |
Table 13 after “The following table presents the composition of property and equipment, net and other assets at December 31, 2020 and September 30, 2020:”
Download CSV
| December 31, 2020 | September 30, 2020 | |
| (In thousands) | | |
| Property and equipment, net: | | | |
| Property and equipment | $156,053 | | $161,119 |
| Less: accumulated depreciation and amortization | (117,042) | | (114,700) |
| Total | $39,011 | | $46,419 |
| Other assets: | | | |
| Long-term receivables | $50,566 | | $54,074 |
First 8 of 11 rows. The CSV has all of them.
Table 14 after “The following table presents the face values and fair values for the Senior Notes at December 31, 2020 and September 30, 2020:”
Download CSV
| December 31, 2020 | September 30, 2020 | | | | |
| Face Value (*) | Fair Value | | Face Value (*) | Fair Value | |
| (In thousands) | | | | | |
| The 2018 Senior Notes | 400,000 | | 452,000 | | 400,000 | 442,000 |
| The 2019 Senior Notes | 350,000 | | 364,000 | | 350,000 | 358,750 |
| Total | $750,000 | | $816,000 | | $750,000 | $800,750 |
Table 15 after “The following table summarizes option activity during the quarter ended December 31, 2020:”
Download CSV
| Shares | Weighted-average Exercise Price | | Weighted-average Remaining Contractual Term | Aggregate Intrinsic Value | |
| (In thousands) | | | (In years) | (In thousands) | |
| Outstanding at September 30, 2020 | 246 | | $166.80 | | | |
| Granted | 12 | | 506.91 | | | |
| Outstanding at December 31, 2020 | 258 | | $182.79 | | 3.75 | $84,688 |
| Exercisable at December 31, 2020 | 188 | | $140.06 | | 3.05 | $69,796 |
| Vested or expected to vest at December 31, 2020 | 255 | | $180.76 | | 3.72 | $84,191 |
Table 16 after “The following table summarizes restricted stock unit activity during the quarter ended December 31, 2020:”
Download CSV
| Shares | Weighted-average Grant-date Fair Value | |
| (In thousands) | | |
| Outstanding at September 30, 2020 | 721 | | $229.10 |
| Granted | 159 | | 506.38 |
| Released | (273) | | 187.57 |
| Forfeited | (19) | | 241.04 |
| Outstanding at December 31, 2020 | 588 | | $323.15 |
Table 17 after “The following table summarizes performance share unit activity during the quarter ended December 31, 2020:”
Download CSV
| Shares | Weighted-average Grant-date Fair Value | |
| (In thousands) | | |
| Outstanding at September 30, 2020 | 127 | | $248.97 |
| Granted | 33 | | 506.91 |
| Released | (68) | | 217.36 |
| Outstanding at December 31, 2020 | 92 | | $366.08 |
Table 18 after “The following table summarizes market share unit activity during the quarter ended December 31, 2020:”
Download CSV
| Shares | Weighted-average Grant-date Fair Value | |
| (In thousands) | | |
| Outstanding at September 30, 2020 | 63 | | $311.91 |
| Granted | 67 | | 471.16 |
| Released | (67) | | 257.15 |
| Outstanding at December 31, 2020 | 63 | | $541.41 |
Table 19 after “The following table presents reconciliations for the numerators and denominators of basic and diluted earnings per share (“EPS”) for the qua”
Download CSV
| Quarter Ended December 31, | | |
| 2020 | 2019 | |
| (In thousands, except per share data) | | |
| Numerator for diluted and basic earnings per share: | | | |
| Net income | $86,492 | | $54,921 |
| Denominator - share: | | | |
| Basic weighted-average shares | 29,127 | | 29,025 |
| Effect of dilutive securities | 662 | | 1,144 |
First 8 of 12 rows. The CSV has all of them.
Table 20 after “The following tables summarize segment information for the quarters ended December 31, 2020 and 2019:”
Download CSV
| Quarter Ended December 31, 2020 | | | | | | | |
| Applications | Scores | | Decision Management Software | Unallocated Corporate Expenses | Total | | |
| (In thousands) | | | | | | | |
| Segment revenues: | | | | | | | | |
| Transactional and maintenance | $97,731 | | $138,590 | | $15,829 | | $— | $252,150 |
| Professional services | 30,605 | | 117 | | 10,703 | | — | 41,425 |
| License | 7,025 | | 5,944 | | 5,870 | | — | 18,839 |
| Total segment revenues | 135,361 | | 144,651 | | 32,402 | | — | 312,414 |
First 8 of 18 rows. The CSV has all of them.
| Quarter Ended December 31, 2019 | | | | | | | |
| Applications | Scores | | Decision Management Software | Unallocated Corporate Expenses | Total | | |
| (In thousands) | | | | | | | |
| Segment revenues: | | | | | | | | |
| Transactional and maintenance | $98,837 | | $107,446 | | $14,091 | | $— | $220,374 |
| Professional services | 34,023 | | 264 | | 9,738 | | — | 44,025 |
| License | 19,318 | | 7,428 | | 7,359 | | — | 34,105 |
| Total segment revenues | 152,178 | | 115,138 | | 31,188 | | — | 298,504 |
First 8 of 18 rows. The CSV has all of them.
Table 22 after “Information about disaggregated revenue by product deployment methods was as follows:”
Download CSV
| Quarter Ended December 31, 2020 | | | | | | | |
| Reportable Segments | On-Premises | SaaS | | Scores | Total | Percentage | | |
| (Dollars in thousands) | | | | | | | |
| Applications | $71,220 | | $64,141 | | $— | | $135,361 | 43% |
| Scores | — | | — | | 144,651 | | 144,651 | 46% |
| Decision Management Software | 22,778 | | 9,624 | | — | | 32,402 | 11% |
| Total | $93,998 | | $73,765 | | $144,651 | | $312,414 | 100% |
Table 23 after “Information about disaggregated revenue by product deployment methods was as follows:”
Download CSV
| Quarter Ended December 31, 2019 | | | | | | | |
| Reportable Segments | On-Premises | SaaS | | Scores | Total | Percentage | | |
| (Dollars in thousands) | | | | | | | |
| Applications | $85,978 | | $66,200 | | $— | | $152,178 | 51% |
| Scores | — | | — | | 115,138 | | 115,138 | 39% |
| Decision Management Software | 23,679 | | 7,509 | | — | | 31,188 | 10% |
| Total | $109,657 | | $73,709 | | $115,138 | | $298,504 | 100% |
Table 24 after “Information about disaggregated revenue by primary geographical markets was as follows:”
Download CSV
| Quarter Ended December 31, 2020 | | | | | | | |
| Reportable Segments | North America | Latin America | | Europe, Middle East and Africa | Asia Pacific | Total | | |
| (In thousands) | | | | | | | |
| Applications | $79,337 | | $9,227 | | $35,257 | | $11,540 | $135,361 |
| Scores | 140,410 | | 303 | | 1,713 | | 2,225 | 144,651 |
| Decision Management Software | 16,547 | | 2,913 | | 8,578 | | 4,364 | 32,402 |
| Total | $236,294 | | $12,443 | | $45,548 | | $18,129 | $312,414 |
Table 25 after “Information about disaggregated revenue by primary geographical markets was as follows:”
Download CSV
| Quarter Ended December 31, 2019 | | | | | | | |
| Reportable Segments | North America | Latin America | | Europe, Middle East and Africa | Asia Pacific | Total | | |
| (In thousands) | | | | | | | |
| Applications | $85,466 | | $9,517 | | $39,784 | | $17,411 | $152,178 |
| Scores | 110,197 | | 284 | | 1,538 | | 3,119 | 115,138 |
| Decision Management Software | 15,587 | | 4,333 | | 7,265 | | 4,003 | 31,188 |
| Total | $211,250 | | $14,134 | | $48,587 | | $24,533 | $298,504 |
Table 26 after “Receivables at December 31, 2020 and September 30, 2020 consisted of the following:”
Download CSV
| December 31, 2020 | September 30, 2020 | |
| (In thousands) | | |
| Billed | $187,071 | | $211,776 |
| Unbilled | 178,839 | | 181,550 |
| 365,910 | | 393,326 |
| Less: allowance for doubtful accounts | (4,718) | | (5,072) |
| Net receivables | 361,192 | | 388,254 |
| Less: long-term receivables * | (50,566) | | (54,074) |
First 8 of 9 rows. The CSV has all of them.
Table 27 after “Significant changes in the deferred revenues balances during the quarter ended December 31, 2020 were as follows:”
Download CSV
| Quarter Ended December 31, 2020 |
| (In thousands) |
| Deferred revenues at September 30, 2020 * | $122,141 |
| Revenue recognized that was included in the deferred revenues balance at the beginning of the period | (47,793) |
| Increases due to billings, excluding amounts recognized as revenue during the period | 48,441 |
| Deferred revenues at December 31, 2020 * | $122,789 |
| Bookings | Bookings Yield (1) | | Number of Bookings over $1 Million | Weighted- Average Term (2) | |
| (In millions) | | | | (Months) | |
| Quarter Ended December 31, 2020 | $68.1 | | 13% | | 11 | 36 |
| Quarter Ended December 31, 2019 | $112.1 | | 14% | | 25 | 39 |
Table 29 after “The following tables set forth certain summary information on a segment basis related to our revenues for the quarters ended December 31, 20”
Download CSV
| Quarter Ended December 31, | Percentage of Revenues | | Period-to-Period Change | Period-to-Period Percentage Change | | | |
| Segment | 2020 | 2019 | | 2020 | 2019 | | | |
| (In thousands) | | | | (In thousands) | | | |
| Applications | $135,361 | | $152,178 | | 43% | 51% | $(16,817) | (11)% |
| Scores | 144,651 | | 115,138 | | 46% | 39% | 29,513 | 26% |
| Decision Management Software | 32,402 | | 31,188 | | 11% | 10% | 1,214 | 4% |
| Total | $312,414 | | $298,504 | | 100% | 100% | 13,910 | 5% |
| Quarter Ended December 31, | Period-to-Period Change | | Period-to-Period Percentage Change | | |
| 2020 | 2019 | | | | |
| (In thousands) | (In thousands) | | | | |
| Transactional and maintenance | $97,731 | | $98,837 | | $(1,106) | (1)% |
| Professional services | 30,605 | | 34,023 | | (3,418) | (10)% |
| License | 7,025 | | 19,318 | | (12,293) | (64)% |
| Total | $135,361 | | $152,178 | | (16,817) | (11)% |
| Quarter Ended December 31, | Period-to-Period Change | | Period-to-Period Percentage Change | | |
| 2020 | 2019 | | | | |
| (In thousands) | (In thousands) | | | | |
| Transactional and maintenance | $138,590 | | $107,446 | | $31,144 | 29% |
| Professional services | 117 | | 264 | | (147) | (56)% |
| License | 5,944 | | 7,428 | | (1,484) | (20)% |
| Total | $144,651 | | $115,138 | | 29,513 | 26% |
| Quarter Ended December 31, | Period-to-Period Change | | Period-to-Period Percentage Change | | |
| 2020 | 2019 | | | | |
| (In thousands) | (In thousands) | | | | |
| Transactional and maintenance | $15,829 | | $14,091 | | $1,738 | 12% |
| Professional services | 10,703 | | 9,738 | | 965 | 10% |
| License | 5,870 | | 7,359 | | (1,489) | (20)% |
| Total | $32,402 | | $31,188 | | 1,214 | 4% |
Table 33 after “The following tables set forth certain summary information related to our condensed consolidated statements of income and comprehensive inco”
Download CSV
| Quarter Ended December 31, | Percentage of Revenues | | Period-to-Period Change | Period-to- Period Percentage Change | | | | | |
| 2020 | 2019 | | 2020 | 2019 | | | | | |
| (In thousands, except employees) | | | | (In thousands, except employees) | | | | | |
| Revenues | $312,414 | | $298,504 | | 100% | 100% | | $13,910 | | 5% |
| Operating expenses: | | | | | | | | | | |
| Cost of revenues | 89,528 | | 90,758 | | 29% | 30% | | (1,230) | | (1)% |
| Research and development | 40,651 | | 38,943 | | 13% | 13% | | 1,708 | | 4% |
| Selling, general and administrative | 93,911 | | 112,021 | | 30% | 38% | | (18,110) | | (16)% |
First 8 of 19 rows. The CSV has all of them.
Table 34 after “The following tables set forth certain summary information on a segment basis related to our operating income (loss) for the quarters ended ”
Download CSV
| Quarter Ended December 31, | Period-to-Period Change | | Period-to-Period Percentage Change | | |
| Segment | 2020 | 2019 | | | | |
| (In thousands) | (In thousands) | | | | |
| Applications | $35,502 | | $36,168 | | $(666) | (2)% |
| Scores | 123,025 | | 97,426 | | 25,599 | 26% |
| Decision Management Software | (14,818) | | (19,457) | | 4,639 | (24)% |
| Corporate expenses | (30,253) | | (34,210) | | 3,957 | (12)% |
| Total segment operating income | 113,456 | | 79,927 | | 33,529 | 42% |
First 8 of 13 rows. The CSV has all of them.
| Quarter Ended December 31, | Percentage of Revenues | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| (In thousands) | | | | | |
| Segment revenues | $135,361 | | $152,178 | | 100% | 100% |
| Segment operating expense | (99,859) | | (116,010) | | (74)% | (76)% |
| Segment operating income | $35,502 | | $36,168 | | 26% | 24% |
| Quarter Ended December 31, | Percentage of Revenues | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| (In thousands) | | | | | |
| Segment revenues | $144,651 | | $115,138 | | 100% | 100% |
| Segment operating expense | (21,626) | | (17,712) | | (15)% | (15)% |
| Segment operating income | $123,025 | | $97,426 | | 85% | 85% |
| Quarter Ended December 31, | Percentage of Revenues | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| (In thousands) | | | | | |
| Segment revenues | $32,402 | | $31,188 | | 100% | 100% |
| Segment operating expense | (47,220) | | (50,645) | | (146)% | (162)% |
| Segment operating loss | $(14,818) | | $(19,457) | | (46)% | (62)% |
| Quarter Ended December 31, | Period-to-Period Change | | |
| 2020 | 2019 | | |
| (In thousands) | | | |
| Cash provided by (used in): | | | | |
| Operating activities | $77,947 | | $60,365 | $17,582 |
| Investing activities | 3,862 | | (9,011) | 12,873 |
| Financing activities | (99,808) | | (48,195) | (51,613) |
| Effect of exchange rate changes on cash | 5,267 | | 1,631 | 3,636 |
First 8 of 9 rows. The CSV has all of them.
Table 39 after “We maintain an investment portfolio consisting of bank deposits and money market funds. The funds provide daily liquidity and may be subject”
Download CSV
| December 31, 2020 | September 30, 2020 | | | | | | | | |
| Cost Basis | Carrying Amount | | Average Yield | Cost Basis | Carrying Amount | | Average Yield | | |
| (Dollars in thousands) | | | | | | | | | |
| Cash and cash equivalents | $144,662 | | $144,662 | | 0.05% | | $157,394 | | $157,394 | 0.05% |
Table 40 after “On May 8, 2018, we issued $400 million of senior notes in a private placement to qualified institutional investors (the “2018 Senior Notes”)”
Download CSV
| December 31, 2020 | September 30, 2020 | | | | |
| Face Value (*) | Fair Value | | Face Value (*) | Fair Value | |
| (In thousands) | | | | | |
| The 2018 Senior Notes | 400,000 | | 452,000 | | 400,000 | 442,000 |
| The 2019 Senior Notes | 350,000 | | 364,000 | | 350,000 | 358,750 |
| Total | $750,000 | | $816,000 | | $750,000 | $800,750 |
| December 31, 2020 | | | | |
| Contract Amount | | Fair Value | | |
| Foreign Currency | | USD | USD | |
| (In thousands) | | | | |
| Sell foreign currency: | | | | | |
| Euro (EUR) | EUR | 18,900 | | $23,068 | $— |
| Buy foreign currency: | | | | | |
| British pound (GBP) | GBP | 12,034 | | $16,400 | $— |
First 8 of 18 rows. The CSV has all of them.
Table 42 after “Issuer Purchases of Equity Securities”
Download CSV
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2) | |
| October 1, 2020 through October 31, 2020 | 2,606 | | $414.27 | | — | $224,777,076 |
| November 1, 2020 through November 30, 2020 | 39,698 | | $477.20 | | 39,618 | $205,860,921 |
| December 1, 2020 through December 31, 2020 | 227,868 | | $507.55 | | 61,532 | $174,777,136 |
| 270,172 | | $502.19 | | 101,150 | $174,777,136 |
| ExhibitNumber | Description |
| 3.1 | Composite Restated Certificate of Incorporation of Fair Isaac Corporation. (Incorporated by reference to Exhibit 3.2 to the Company’s Form 10-Q for the quarter ended December 31, 2009). |
| 3.2 | By-laws of Fair Isaac Corporation. (Incorporated by reference to Exhibit 3.1 to the Company’s Form 10-Q for the quarter ended December 31, 2009). |
| 31.1 * | Rule 13a-14(a)/15d-14(a) Certifications of CEO. |
| 31.2 * | Rule 13a-14(a)/15d-14(a) Certifications of CFO. |
| 32.1 * | Section 1350 Certification of CEO. |
| 32.2 * | Section 1350 Certification of CFO. |
| 101.INS | Inline XBRL Instance Document. |
First 8 of 14 rows. The CSV has all of them.