Thryv Holdings Inc(NASDAQ:THRY)

Thryv Holdings, Inc. provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs). It operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The company provides Thryv, an SMB end-to-end customer experi...
Website: https://www.thryv.com
Founded: 2013
Full Time Employees: 2,604
Sector: Communication Services
Industry: Internet Content & Information
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At a glance:
Bull Thesis:
Bear Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 167,684,000 | 191,619,000 | 201,555,000 | 210,470,000 | 181,371,000 | 186,596,000 | 179,852,000 | 224,084,000 | 233,624,000 | 183,822,000 | 251,421,000 | 245,555,000 | 279,368,000 | 280,650,000 | 333,995,000 | 308,375,000 | 244,439,000 | 297,290,000 | 291,047,000 | 280,606,000 | 246,928,000 | 240,325,000 | ||||||||||
yoy | -7.55% | 2.69% | 12.07% | -6.08% | -22.37% | 1.51% | -28.47% | -8.74% | -16.37% | -34.50% | -24.72% | -20.37% | 14.29% | -5.60% | 14.76% | 9.90% | -1.01% | 23.70% | ||||||||||||||
qoq | -12.49% | -4.93% | -4.24% | 16.04% | -2.80% | 3.75% | -19.74% | -4.08% | 27.09% | -26.89% | 2.39% | -12.10% | -0.46% | -15.97% | 8.31% | 26.16% | -17.78% | 2.15% | 3.72% | 13.64% | 2.75% | |||||||||||
cost of services | 58,428,000 | 61,282,000 | 65,090,000 | 63,850,000 | 62,083,000 | 63,569,000 | 67,871,000 | 75,496,000 | 79,983,000 | 80,178,000 | 91,336,000 | 90,747,000 | 100,463,000 | 105,011,000 | 106,013,000 | 110,519,000 | 93,109,000 | 104,167,000 | 112,607,000 | 98,160,000 | 87,755,000 | 87,347,000 | ||||||||||
gross profit | 109,256,000 | 130,337,000 | 136,465,000 | 146,620,000 | 119,288,000 | 123,027,000 | 111,981,000 | 148,588,000 | 153,641,000 | 103,644,000 | 160,085,000 | 154,808,000 | 178,905,000 | 175,639,000 | 227,982,000 | 197,856,000 | 151,330,000 | 193,123,000 | 178,440,000 | 182,446,000 | ||||||||||||
yoy | -8.41% | 5.94% | 21.86% | -1.32% | -22.36% | 18.70% | -30.05% | -4.02% | -14.12% | -40.99% | -29.78% | -21.76% | 18.22% | -9.05% | 27.76% | 8.45% | ||||||||||||||||
qoq | -16.17% | -4.49% | -6.93% | 22.91% | -3.04% | 9.86% | -24.64% | -3.29% | 48.24% | -35.26% | 3.41% | -13.47% | 1.86% | -22.96% | 15.23% | 30.74% | -21.64% | 8.23% | -2.20% | |||||||||||||
gross margin % | 65.16% | 68.02% | 67.71% | 69.66% | 65.77% | 65.93% | 62.26% | 66.31% | 65.76% | 56.38% | 63.67% | 63.04% | 64.04% | 62.58% | 68.26% | 64.16% | 61.91% | 64.96% | 61.31% | 65.02% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
operating expenses: | ||||||||||||||||||||||||||||||||
sales and marketing | 47,948,000 | 22,508,000 | 68,409,000 | 64,724,000 | 70,051,000 | 68,162,000 | 66,484,000 | 65,409,000 | 70,091,000 | 74,755,000 | 75,683,000 | 76,343,000 | 86,773,000 | 89,891,000 | 91,813,000 | 93,955,000 | 99,536,000 | 94,343,000 | 87,394,000 | 76,540,000 | 61,067,000 | 60,775,000 | ||||||||||
research and development | 11,431,000 | |||||||||||||||||||||||||||||||
general and administrative | 45,819,000 | 58,554,000 | 48,017,000 | 52,356,000 | 52,271,000 | 62,067,000 | 50,972,000 | 51,841,000 | 52,416,000 | 48,267,000 | 53,695,000 | 47,680,000 | 56,892,000 | 54,670,000 | 52,650,000 | 52,194,000 | 46,540,000 | 32,983,000 | 33,100,000 | 41,279,000 | 39,563,000 | 34,176,000 | 52,000,000 | 36,000,000 | 37,000,000 | 75,000,000 | 16,000,000 | 50,000,000 | 23,000,000 | 55,000,000 | 54,000,000 | 69,000,000 |
total operating expenses | 105,198,000 | 120,173,000 | 116,426,000 | 117,080,000 | 122,322,000 | 130,229,000 | 200,550,000 | 117,250,000 | 122,507,000 | 123,022,000 | 129,378,000 | 124,023,000 | 245,665,000 | 144,561,000 | 144,685,000 | 146,149,000 | 146,076,000 | 127,326,000 | 124,105,000 | 117,819,000 | 229,522,000 | 218,936,000 | 360,000,000 | 345,000,000 | 380,000,000 | 474,000,000 | 427,000,000 | 469,000,000 | 449,000,000 | 1,005,000,000 | 539,000,000 | 481,000,000 |
operating income | 4,058,000 | 10,164,000 | 20,039,000 | 29,540,000 | -3,034,000 | -7,202,000 | -88,569,000 | 31,338,000 | 31,134,000 | -19,378,000 | 30,707,000 | 30,785,000 | -66,760,000 | 31,078,000 | 83,297,000 | 51,707,000 | 5,254,000 | 65,797,000 | 54,335,000 | 64,627,000 | 17,406,000 | 21,389,000 | 4,000,000 | 42,000,000 | 26,000,000 | -41,000,000 | 25,000,000 | 5,000,000 | 7,000,000 | -591,000,000 | -142,000,000 | -136,000,000 |
yoy | -233.75% | -241.13% | -122.63% | -5.74% | -109.74% | -62.83% | -388.43% | 1.80% | -146.64% | -162.35% | -63.14% | -40.46% | -1370.65% | -52.77% | 53.30% | -19.99% | -69.82% | 207.62% | 1258.38% | 53.87% | -33.05% | -152.17% | -84.00% | 740.00% | 271.43% | -93.06% | -117.61% | -103.68% | ||||
qoq | -60.07% | -49.28% | -32.16% | -1073.63% | -57.87% | -91.87% | -382.62% | 0.66% | -260.67% | -163.11% | -0.25% | -146.11% | -314.81% | -62.69% | 61.09% | 884.15% | -92.01% | 21.10% | -15.93% | 271.29% | -18.62% | 434.72% | -90.48% | 61.54% | -163.41% | -264.00% | 400.00% | -28.57% | -101.18% | 316.20% | 4.41% | |
operating margin % | 2.42% | 5.30% | 9.94% | 14.04% | -1.67% | -3.86% | -49.25% | 13.98% | 13.33% | -10.54% | 12.21% | 12.54% | -23.90% | 11.07% | 24.94% | 16.77% | 2.15% | 22.13% | 18.67% | 23.03% | 7.05% | 8.90% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% |
other income: | ||||||||||||||||||||||||||||||||
interest expense | -4,141,000 | -5,548,000 | -5,834,000 | -5,981,000 | -6,067,000 | -4,940,000 | -8,194,000 | -10,001,000 | -13,359,000 | -15,131,000 | -16,292,000 | -16,488,000 | -16,318,000 | -13,720,000 | -13,756,000 | -13,108,000 | -10,708,000 | -12,050,000 | -14,502,000 | -11,607,000 | -11,889,000 | -11,442,000 | 88,000,000 | 87,000,000 | 85,000,000 | 87,000,000 | 89,000,000 | 90,000,000 | 90,000,000 | 95,000,000 | 99,000,000 | 79,000,000 |
interest expense, related party | -2,466,000 | -2,600,000 | -2,751,000 | -2,971,000 | -3,006,000 | -4,783,000 | -3,320,000 | -2,174,000 | -850,000 | -896,000 | -1,759,000 | -4,278,000 | -4,496,000 | -4,668,000 | -4,065,000 | -3,099,000 | -4,167,000 | |||||||||||||||
net periodic pension cost | -345,000 | -552,750 | -665,000 | |||||||||||||||||||||||||||||
other income | 1,433,000 | 278,000 | 682,000 | 2,557,000 | 392,000 | -3,163,000 | 218,000 | -876,000 | -366,000 | -119,000 | 6,941,000 | 2,404,000 | 6,222,000 | |||||||||||||||||||
loss before income tax benefit | -1,461,000 | |||||||||||||||||||||||||||||||
income tax benefit | 6,003,000 | -5,348,000 | -5,817,000 | 2,865,000 | -1,578,000 | 5,375,000 | -6,618,000 | 10,241,000 | 3,428,000 | 986,000 | -13,802,000 | |||||||||||||||||||||
net income | 4,542,000 | -9,660,000 | 5,654,000 | 13,931,000 | -9,618,000 | 5,548,000 | 8,424,000 | -27,046,000 | 15,978,000 | 9,314,000 | -50,445,000 | 13,280,000 | 58,002,000 | 33,511,000 | 5,088,000 | 35,624,000 | 24,359,000 | 36,506,000 | 109,800,000 | -145,000 | -560,000,000 | -132,000,000 | -68,000,000 | |||||||||
yoy | -147.22% | 151.10% | -214.17% | -40.43% | -116.70% | -303.66% | -72.45% | -72.21% | -1091.45% | -62.72% | 138.11% | -8.20% | -95.37% | -24668.28% | ||||||||||||||||||
qoq | -147.02% | -270.85% | -59.41% | -244.84% | -34.14% | -131.15% | -269.27% | 71.55% | -118.46% | -479.86% | -77.10% | 73.08% | 558.63% | -85.72% | 46.25% | -33.27% | -66.75% | -75824.14% | 324.24% | 94.12% | ||||||||||||
net income margin % | 2.71% | -5.04% | 2.81% | 6.62% | -5.30% | 0% | 0% | 2.48% | 3.61% | -14.71% | 6.36% | 3.79% | -18.06% | 4.73% | 17.37% | 10.87% | 2.08% | 11.98% | 8.37% | 13.01% | 44.47% | -0.06% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | -Infinity% | -Infinity% | -Infinity% |
other comprehensive loss: | ||||||||||||||||||||||||||||||||
foreign currency translation adjustment, net of tax | -395,000 | -39,000 | -272,000 | -72,000 | -187,000 | -882,000 | 1,330,000 | 67,000 | -265,000 | -1,842,000 | -302,000 | -2,188,000 | ||||||||||||||||||||
comprehensive income | 4,147,000 | 2,359,000 | 5,382,000 | 13,859,000 | -9,805,000 | 5,615,000 | 8,159,000 | -28,888,000 | 15,676,000 | 7,126,000 | -46,048,000 | 5,360,000 | 47,863,000 | 38,959,000 | 5,586,000 | 31,524,000 | -540,000,000 | -136,000,000 | -75,000,000 | |||||||||||||
net income per common share: | ||||||||||||||||||||||||||||||||
basic | 100 | -220 | 130 | 320 | -220 | 150 | 240 | -780 | 460 | 270 | -1,480 | 390 | 1,690 | 980 | 150 | 1,050 | 720 | 1,100 | 3,480 | |||||||||||||
diluted | 100 | -210 | 130 | 310 | -220 | 150 | 220 | -780 | 430 | 250 | -1,370 | 370 | 1,610 | 880 | 110 | 950 | 660 | 1,070 | 3,260 | |||||||||||||
weighted-average shares used for eps calculation | ||||||||||||||||||||||||||||||||
basic | 44,207,794,000 | 43,621,796,000 | 43,747,896,000 | 43,744,144,000 | 43,412,366,000 | 37,142,271,000 | 36,308,992,000 | 36,004,324,000 | 35,186,121,000 | 34,848,899,000 | 34,575,338,000 | 34,606,864,000 | 34,336,493,000 | 34,269,274,000 | 34,250,706,000 | 34,159,979,000 | 33,607,446,000 | 34,013,897,000 | 33,622,666,000 | 33,108,422,000 | 31,522,845,000 | 30,857,617,000 | ||||||||||
diluted | 45,246,486,000 | 44,476,869,000 | 44,459,176,000 | 44,303,331,000 | 43,412,366,000 | 37,142,271,000 | 36,308,992,000 | 37,631,825,000 | 37,985,785,000 | 34,848,899,000 | 36,863,295,000 | 36,981,652,000 | 36,506,095,000 | 35,811,473,000 | 36,137,989,000 | 37,957,685,000 | 36,495,746,000 | 37,620,116,000 | 36,687,030,000 | 34,013,480,000 | 33,795,594,000 | 30,857,617,000 | ||||||||||
impairment charges | 83,094,000 | 102,000,000 | 222,000 | 3,611,000 | 5,497,000 | 1,184,000 | ||||||||||||||||||||||||||
income before income tax benefit | -4,312,000 | 11,471,000 | -12,483,000 | 12,166,000 | -37,287,000 | 12,550,000 | 4,102,000 | 49,426,000 | ||||||||||||||||||||||||
other comprehensive income: | ||||||||||||||||||||||||||||||||
other components of net periodic pension cost | -778,000 | -768,000 | -1,185,750 | -1,581,000 | -1,581,000 | -1,581,000 | 453,000 | -10,924,000 | -30,175,000 | |||||||||||||||||||||||
income before income tax expense | 22,367,000 | 13,821,000 | 13,810,000 | 35,713,750 | 19,521,000 | 80,202,000 | 43,132,000 | |||||||||||||||||||||||||
income tax expense | -8,436,000 | -5,397,000 | -4,496,000 | -9,515,500 | -6,241,000 | -22,200,000 | -9,621,000 | |||||||||||||||||||||||||
(loss) before income tax benefit | -18,864,750 | -101,446,000 | ||||||||||||||||||||||||||||||
net | -20,524,750 | -96,071,000 | -67,000,000 | -42,000,000 | -59,000,000 | -56,500,000 | -59,000,000 | -85,000,000 | -82,000,000 | |||||||||||||||||||||||
comprehensive | -20,241,750 | -94,741,000 | -65,000,000 | -43,000,000 | -56,000,000 | -54,250,000 | -54,000,000 | -83,000,000 | -80,000,000 | |||||||||||||||||||||||
net (loss) per common share: | ||||||||||||||||||||||||||||||||
basic | -570 | -2,650 | ||||||||||||||||||||||||||||||
diluted | -570 | -2,650 | ||||||||||||||||||||||||||||||
other expense | -5,416,000 | -2,373,000 | 3,000 | -98,000 | -2,966,000 | -1,093,000 | ||||||||||||||||||||||||||
other components of net periodic pension (cost) benefit | -1,902,000 | -1,865,000 | -121,000 | 1,323,750 | -3,928,000 | |||||||||||||||||||||||||||
foreign currency translation adjustment | -3,152,750 | -7,920,000 | -10,139,000 | 5,448,000 | 498,000 | -4,100,000 | ||||||||||||||||||||||||||
other components of net periodic pension benefit | 9,153,000 | 70,000 | 13,831,000 | 273,000 | 272,000 | |||||||||||||||||||||||||||
income before (provision) for income taxes | 32,471,000 | 48,315,000 | ||||||||||||||||||||||||||||||
(provision) for income taxes | -8,112,000 | -11,809,000 | ||||||||||||||||||||||||||||||
depreciation and amortization | 35,640,000 | 35,454,000 | 101,000,000 | 103,000,000 | 106,000,000 | 160,000,000 | 161,000,000 | 161,000,000 | 161,000,000 | 241,000,000 | 242,000,000 | 193,000,000 | ||||||||||||||||||||
loss on early extinguishment of debt | ||||||||||||||||||||||||||||||||
income before benefit for income taxes | -8,506,000 | -24,395,000 | ||||||||||||||||||||||||||||||
benefit for income taxes | 118,306,000 | 24,250,000 | -2,000,000 | |||||||||||||||||||||||||||||
operating revenue | 364,000,000 | 387,000,000 | 406,000,000 | 433,000,000 | 452,000,000 | 474,000,000 | 456,000,000 | 414,000,000 | 397,000,000 | 345,000,000 | ||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||||||||||||
selling | 84,000,000 | 82,000,000 | 96,000,000 | 103,000,000 | 106,000,000 | 112,000,000 | 115,000,000 | 110,000,000 | 113,000,000 | 95,000,000 | ||||||||||||||||||||||
cost of service | 123,000,000 | 124,000,000 | 141,000,000 | 136,000,000 | 144,000,000 | 146,000,000 | 150,000,000 | 141,000,000 | 130,000,000 | 124,000,000 | ||||||||||||||||||||||
(loss) before gains on early extinguishment of debt and (benefit) for income taxes | -84,000,000 | |||||||||||||||||||||||||||||||
gains on early extinguishment of debt | 2,000,000 | |||||||||||||||||||||||||||||||
(loss) before (benefit) for income taxes | -84,000,000 | -57,500,000 | -62,000,000 | -85,000,000 | -83,000,000 | |||||||||||||||||||||||||||
(benefit) for income taxes | -17,000,000 | -1,000,000 | -3,000,000 | -1,000,000 | ||||||||||||||||||||||||||||
other comprehensive | ||||||||||||||||||||||||||||||||
adjustments for pension and other post-employment benefits, net of taxes | 2,000,000 | -1,000,000 | 3,000,000 | -60,000,000 | 5,000,000 | 2,000,000 | 2,000,000 | 20,000,000 | -4,000,000 | -7,000,000 | ||||||||||||||||||||||
basic and diluted (loss) per common share | -3,880,000 | -2,390,000 | -3,390,000 | -3,270,000 | -3,410,000 | -4,930,000 | -4,740,000 | |||||||||||||||||||||||||
basic and diluted weighted-average common shares outstanding | 17,400,000 | 17,400,000 | 17,400,000 | 17,300,000 | 17,300,000 | 17,300,000 | 17,300,000 | 14,900,000 | 17,200,000 | 14,700,000 | ||||||||||||||||||||||
(loss) before gain on early extinguishment of debt and benefit for income taxes | -45,000,000 | |||||||||||||||||||||||||||||||
gain on early extinguishment of debt | 1,000,000 | |||||||||||||||||||||||||||||||
(loss) before benefit for income taxes | -44,000,000 | -59,000,000 | ||||||||||||||||||||||||||||||
(loss) before reorganization items, gains on early extinguishment of debt and (benefit) for income taxes | -58,000,000 | -64,000,000 | ||||||||||||||||||||||||||||||
reorganization items | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||
(loss) before reorganization items and (benefit) for income taxes | -85,000,000 | -83,000,000 | ||||||||||||||||||||||||||||||
(loss) before reorganization items, gains on early extinguishment of debt and provision for income taxes | -686,000,000 | -241,000,000 | ||||||||||||||||||||||||||||||
income before provision for income taxes | -678,000,000 | -241,000,000 | -216,000,000 | |||||||||||||||||||||||||||||
provision for income taxes | -118,000,000 | -109,000,000 | -148,000,000 | |||||||||||||||||||||||||||||
other comprehensive income | ||||||||||||||||||||||||||||||||
basic and diluted earnings per common share | -36,600,000 | -7,660,000 | -4,560,000 | |||||||||||||||||||||||||||||
income before reorganization items, gains on early extinguishment of debt and provision for income taxes | -215,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||
cash and cash equivalents | 7,952,000 | 10,752,000 | 11,551,000 | 10,838,000 | 10,993,000 | 16,311,000 | 12,453,000 | 15,519,000 | 14,394,000 | 14,676,000 | 15,245,000 | 15,395,000 | 16,031,000 | 14,312,000 | 13,746,000 | 21,446,000 | 11,262,000 | 10,374,000 | 15,785,000 | 29,841,000 | 2,406,000 | 1,771,000 | 192,000,000 | 191,000,000 | 171,000,000 | 171,000,000 | 145,000,000 | 146,000,000 | 179,000,000 | 156,000,000 | 234,000,000 | 244,000,000 | 0.1 |
accounts receivable | 147,083,000 | 136,394,000 | 139,849,000 | 133,658,000 | 139,894,000 | 161,620,000 | 176,364,000 | 193,725,000 | 204,119,000 | 198,828,000 | 243,893,000 | 271,905,000 | 284,698,000 | 290,103,000 | 296,619,000 | 305,729,000 | 279,053,000 | 313,285,000 | 312,457,000 | 354,737,000 | 296,570,000 | 326,240,000 | 124,000,000 | 131,000,000 | 142,000,000 | 151,000,000 | 151,000,000 | 168,000,000 | 175,000,000 | 218,000,000 | 176,000,000 | 209,000,000 | |
contract assets, net of allowance of 2 in 2026 and 2 in 2025 | 433,000 | ||||||||||||||||||||||||||||||||
taxes receivable | 22,710,000 | 8,134,000 | 8,338,000 | 7,136,000 | 7,493,000 | 6,218,000 | 2,706,000 | 1,516,000 | 2,855,000 | 19,087,000 | 3,640,000 | 7,918,000 | 11,553,000 | 12,860,000 | 14,821,000 | 15,248,000 | 14,711,000 | 1,890,000 | 1,890,000 | 9,154,000 | 9,229,000 | 27,818,000 | |||||||||||
prepaid expenses | 14,459,000 | 10,939,000 | 17,272,000 | 21,716,000 | 30,806,000 | 13,923,000 | 18,383,000 | 23,124,000 | 31,606,000 | 22,801,000 | 29,318,000 | 39,580,000 | 25,092,000 | 28,253,000 | 32,463,000 | 43,112,000 | 22,418,000 | ||||||||||||||||
deferred costs | 7,472,000 | 11,548,000 | 11,775,000 | 10,772,000 | 9,486,000 | 8,402,000 | 10,184,000 | 12,796,000 | 15,106,000 | 15,085,000 | 11,821,000 | ||||||||||||||||||||||
other current assets | 643,000 | 679,000 | 2,317,000 | 2,282,000 | 2,035,000 | 2,119,000 | 1,780,000 | 5,822,000 | 2,359,000 | 2,624,000 | 15,557,000 | 24,463,000 | 11,864,000 | 12,626,000 | 13,470,000 | 14,572,000 | 13,596,000 | 3,000,000 | 2,000,000 | ||||||||||||||
total current assets | 200,752,000 | 178,857,000 | 193,924,000 | 189,067,000 | 202,687,000 | 210,720,000 | 230,938,000 | 260,620,000 | 275,017,000 | 274,572,000 | 309,399,000 | 388,631,000 | 378,316,000 | 387,093,000 | 399,906,000 | 428,915,000 | 370,645,000 | 391,251,000 | 400,107,000 | 463,640,000 | 369,698,000 | 424,248,000 | 507,000,000 | 476,000,000 | 475,000,000 | 497,000,000 | 497,000,000 | 535,000,000 | 581,000,000 | 609,000,000 | 793,000,000 | 893,000,000 | |
fixed assets and capitalized software | 50,101,000 | 50,885,000 | 47,528,000 | 41,863,000 | 41,998,000 | 44,478,000 | 37,142,000 | 37,805,000 | 37,836,000 | 37,951,000 | 38,569,000 | 38,115,000 | 42,334,000 | 42,144,000 | 45,078,000 | 49,965,000 | 50,938,000 | 70,269,000 | 76,315,000 | 123,281,000 | 89,044,000 | 86,429,000 | 38,000,000 | 45,000,000 | 54,000,000 | 64,000,000 | 76,000,000 | 84,000,000 | 92,000,000 | 106,000,000 | 120,000,000 | 128,000,000 | |
goodwill | 253,809,000 | 253,809,000 | 253,809,000 | 253,809,000 | 253,809,000 | 253,318,000 | 218,884,000 | 300,995,000 | 299,626,000 | 567,773,000 | 569,780,000 | 564,934,000 | 566,004,000 | 664,619,000 | 668,821,000 | 673,713,000 | 671,886,000 | 676,440,000 | 678,793,000 | 679,559,000 | 609,457,000 | 609,457,000 | 315,000,000 | 315,000,000 | 315,000,000 | 315,000,000 | 315,000,000 | 315,000,000 | 315,000,000 | 315,000,000 | 396,000,000 | 396,000,000 | |
intangible assets | 24,471,000 | 25,929,000 | 27,774,000 | 29,804,000 | 31,956,000 | 34,259,000 | 3,453,000 | 6,640,000 | 11,626,000 | 24,268,000 | 31,321,000 | 33,019,000 | 34,715,000 | 45,330,000 | 61,387,000 | 77,457,000 | 82,577,000 | 101,189,000 | 123,907,000 | 145,647,000 | 31,777,000 | 60,561,000 | 515,000,000 | 608,000,000 | 701,000,000 | 794,000,000 | 941,000,000 | 1,088,000,000 | 1,234,000,000 | 1,381,000,000 | 1,991,000,000 | 2,217,000,000 | |
deferred tax assets | 120,238,000 | 133,221,000 | 136,194,000 | 141,502,000 | 146,530,000 | 143,495,000 | 139,769,000 | 152,171,000 | 131,357,000 | 114,406,000 | 122,548,000 | 115,796,000 | 113,859,000 | 126,721,000 | 118,639,000 | 108,912,000 | 90,565,000 | 114,062,000 | 106,069,000 | 97,941,000 | 93,099,000 | 47,000,000 | 9,000,000 | 9,000,000 | 12,000,000 | 9,000,000 | 34,000,000 | ||||||
other assets | 44,367,000 | 45,886,000 | 42,570,000 | 31,659,000 | 26,754,000 | 25,895,000 | 24,567,000 | 27,252,000 | 31,373,000 | 21,412,000 | 29,610,000 | 31,772,000 | 42,649,000 | 23,974,000 | 26,503,000 | 30,753,000 | 33,891,000 | 24,278,000 | 26,944,000 | 34,410,000 | 21,902,000 | 10,576,000 | |||||||||||
total assets | 693,738,000 | 688,587,000 | 701,799,000 | 687,704,000 | 703,734,000 | 712,165,000 | 654,753,000 | 785,483,000 | 786,835,000 | 1,040,382,000 | 1,101,227,000 | 1,172,267,000 | 1,177,877,000 | 1,289,881,000 | 1,320,334,000 | 1,369,715,000 | 1,300,502,000 | 1,377,489,000 | 1,412,135,000 | 1,544,478,000 | 1,214,977,000 | 1,214,046,000 | 1,419,000,000 | 1,494,000,000 | 1,600,000,000 | 1,722,000,000 | 1,898,000,000 | 2,084,000,000 | 2,275,000,000 | 2,464,000,000 | 3,358,000,000 | 3,701,000,000 | 0.1 |
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||
accounts payable | 10,853,000 | 9,764,000 | 6,069,000 | 3,926,000 | 5,894,000 | 13,011,000 | 6,946,000 | 8,661,000 | 19,743,000 | 8,138,000 | 7,341,000 | 8,980,000 | 18,972,000 | 18,203,000 | 8,254,000 | 16,433,000 | 8,610,000 | 16,929,000 | 30,024,000 | 19,981,000 | 8,927,000 | 16,215,000 | |||||||||||
accrued liabilities | 84,225,000 | 91,246,000 | 88,241,000 | 85,612,000 | 80,828,000 | 95,462,000 | 98,439,000 | 110,193,000 | 89,142,000 | 97,720,000 | 106,606,000 | 127,229,000 | 126,810,000 | 133,063,000 | 143,559,000 | 146,350,000 | 131,813,000 | 153,234,000 | 168,602,000 | 157,537,000 | 139,613,000 | 165,903,000 | |||||||||||
current portion of unrecognized tax benefits | 1,803,000 | 28,303,000 | 27,759,000 | 27,224,000 | 26,703,000 | 26,196,000 | 25,623,000 | 25,060,000 | 24,515,000 | 23,415,000 | 22,969,000 | 32,675,000 | 31,919,000 | 31,243,000 | 30,658,000 | 30,171,000 | 29,771,000 | 31,018,000 | 30,615,000 | 30,417,000 | 30,022,000 | 32,259,000 | |||||||||||
contract liabilities | 36,790,000 | 28,875,000 | 33,614,000 | 27,060,000 | 42,873,000 | 40,315,000 | 32,534,000 | 25,668,000 | 45,846,000 | 27,119,000 | 20,136,000 | 47,782,000 | 41,854,000 | 31,733,000 | 24,041,000 | 61,471,000 | 51,726,000 | 35,109,000 | 32,233,000 | 47,909,000 | 18,942,000 | 18,769,000 | |||||||||||
current portion of term loan | 15,750,000 | 10,500,000 | 5,250,000 | 5,250,000 | 15,750,000 | 7,875,000 | 35,783,000 | 35,783,000 | |||||||||||||||||||||||||
current portion of term loan, related party | 10,500,000 | 7,000,000 | 3,500,000 | 3,500,000 | 10,500,000 | 5,250,000 | 16,717,000 | 16,717,000 | |||||||||||||||||||||||||
other current liabilities | 3,340,000 | 3,905,000 | 4,920,000 | 5,326,000 | 6,847,000 | 8,151,000 | 5,906,000 | 6,022,000 | 7,953,000 | 9,522,000 | 10,887,000 | 10,164,000 | 10,937,000 | 11,644,000 | 17,069,000 | 18,114,000 | 15,214,000 | 14,238,000 | 12,898,000 | 20,324,000 | 9,896,000 | ||||||||||||
total current liabilities | 163,261,000 | 179,593,000 | 169,353,000 | 157,898,000 | 189,395,000 | 196,260,000 | 221,948,000 | 228,104,000 | 239,699,000 | 235,914,000 | 237,939,000 | 296,830,000 | 300,492,000 | 295,886,000 | 293,581,000 | 342,539,000 | 307,134,000 | 320,528,000 | 344,372,000 | 346,168,000 | 207,400,000 | 249,690,000 | 2,506,000,000 | 342,000,000 | 360,000,000 | 404,000,000 | 364,000,000 | 396,000,000 | 419,000,000 | 466,000,000 | 461,000,000 | 532,000,000 | |
term loan | 120,716,000 | 125,419,000 | 130,149,000 | 134,862,000 | 139,565,000 | 146,885,000 | 157,794,000 | 183,772,000 | 239,331,000 | 253,874,000 | 295,179,000 | 311,483,000 | 345,256,000 | 349,044,000 | 382,254,000 | 375,422,000 | |||||||||||||||||
term loan, net, related party | 82,063,000 | 85,448,000 | 88,764,000 | 92,075,000 | 95,382,000 | 100,436,000 | 75,610,000 | 87,820,000 | |||||||||||||||||||||||||
abl facility | 29,534,000 | 25,120,000 | 40,518,000 | 39,916,000 | 37,790,000 | 23,891,000 | 21,900,000 | 18,000,000 | 55,737,000 | 57,393,000 | 68,278,000 | 72,231,000 | 54,554,000 | 58,856,000 | 56,609,000 | 62,975,000 | 39,929,000 | 56,181,000 | 58,022,000 | 43,682,000 | 79,238,000 | 81,641,000 | |||||||||||
pension obligations | 44,016,000 | 44,171,000 | 39,841,000 | 39,258,000 | 38,699,000 | 38,014,000 | 73,723,000 | 72,279,000 | 70,828,000 | 76,076,000 | 74,321,000 | 72,584,000 | 72,590,000 | 111,942,000 | 115,655,000 | 132,456,000 | 140,167,000 | 168,793,000 | 174,217,000 | 184,642,000 | 190,827,000 | 198,290,000 | |||||||||||
other liabilities | 28,738,000 | 10,697,000 | 12,098,000 | 8,811,000 | 9,672,000 | 9,759,000 | 9,246,000 | 12,448,000 | 14,174,000 | 20,029,000 | 21,184,000 | 24,086,000 | 22,205,000 | 25,568,000 | 28,049,000 | 31,606,000 | 35,212,000 | 41,318,000 | 44,756,000 | 48,947,000 | 36,266,000 | 623,000 | 4,000,000 | 3,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||
total long-term liabilities | 305,067,000 | 290,855,000 | 311,370,000 | 314,922,000 | 321,108,000 | 318,985,000 | 338,273,000 | 374,319,000 | 380,070,000 | 407,372,000 | 458,962,000 | 480,384,000 | 495,118,000 | 572,069,000 | 615,139,000 | 670,735,000 | 678,653,000 | 752,516,000 | 798,060,000 | 969,114,000 | 810,802,000 | 927,501,000 | |||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||||
common stock - 0.01 par value... | 729,000 | 720,000 | 717,000 | 717,000 | 715,000 | 706,000 | 638,000 | 638,000 | 633,000 | 625,000 | 618,000 | 616,000 | 613,000 | 612,000 | 611,000 | 609,000 | 608,000 | 606,000 | 604,000 | 598,000 | 596,000 | 575,000 | |||||||||||
additional paid-in capital | 1,307,891,000 | 1,303,144,000 | 1,296,216,000 | 1,290,326,000 | 1,282,424,000 | 1,272,476,000 | 1,177,078,000 | 1,170,798,000 | 1,159,754,000 | 1,143,493,000 | 1,121,804,000 | 1,112,420,000 | 1,105,701,000 | 1,099,313,000 | 1,094,362,000 | 1,087,054,000 | 1,084,288,000 | 1,079,340,000 | 1,076,124,000 | 1,058,504,000 | 1,059,624,000 | 1,008,243,000 | 1,556,000,000 | 1,556,000,000 | 1,555,000,000 | 1,554,000,000 | 1,553,000,000 | 1,553,000,000 | 1,552,000,000 | 1,551,000,000 | 1,551,000,000 | 1,551,000,000 | |
treasury stock | -499,735,000 | -498,103,000 | -497,934,000 | -492,854,000 | -492,744,000 | -488,903,000 | -488,824,000 | -488,757,000 | -488,087,000 | -485,768,000 | -485,730,000 | -469,941,000 | -468,879,000 | -468,879,000 | -468,879,000 | -468,879,000 | -468,879,000 | -468,613,000 | -468,613,000 | -468,613,000 | -468,613,000 | -467,331,000 | |||||||||||
accumulated other comprehensive loss | -15,906,000 | -15,511,000 | -15,472,000 | -15,200,000 | -15,128,000 | -14,941,000 | -14,059,000 | -15,389,000 | -15,456,000 | -20,593,000 | -8,047,000 | ||||||||||||||||||||||
accumulated deficit | -567,569,000 | -572,111,000 | -562,451,000 | -568,105,000 | -582,036,000 | -572,418,000 | -580,301,000 | -484,230,000 | -489,778,000 | -240,661,000 | -213,615,000 | -229,593,000 | -238,907,000 | -188,462,000 | -201,742,000 | -259,744,000 | -293,255,000 | -298,343,000 | -333,967,000 | -358,326,000 | -394,832,000 | -504,632,000 | |||||||||||
total stockholders' equity | 225,410,000 | 218,139,000 | 221,076,000 | 214,884,000 | 193,231,000 | 196,920,000 | 94,532,000 | 183,060,000 | 167,066,000 | 397,096,000 | 404,326,000 | 395,053,000 | 382,267,000 | 421,926,000 | 411,614,000 | 356,441,000 | 314,715,000 | 304,445,000 | 269,703,000 | 229,196,000 | 196,775,000 | 36,855,000 | |||||||||||
total liabilities and stockholders' equity | 693,738,000 | 688,587,000 | 701,799,000 | 687,704,000 | 703,734,000 | 712,165,000 | 654,753,000 | 785,483,000 | 786,835,000 | 1,040,382,000 | 1,101,227,000 | 1,172,267,000 | 1,177,877,000 | 1,289,881,000 | 1,320,334,000 | 1,369,715,000 | 1,300,502,000 | 1,377,489,000 | 1,412,135,000 | 1,544,478,000 | 1,214,977,000 | 1,214,046,000 | |||||||||||
contract assets, net of allowance of 2 in 2025 and 29 in 2024 | 411,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 52 in 2025 and 29 in 2024 | 2,822,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 47 in 2025 and 29 in 2024 | 2,665,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 33 in 2025 and 29 in 2024 | 1,980,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 29 in 2024 and 35 in 2023 | 2,127,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 33 in 2024 and 35 in 2023 | 9,068,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 37 in 2024 and 35 in 2023 | 8,118,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 39 in 2024 and 35 in 2023 | 4,578,000 | ||||||||||||||||||||||||||||||||
current portion of long-term debt | 52,500,000 | 70,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | |||||||||||||||||||||||
contract assets, net of allowance of 23 in 2023 and 33 in 2022 | 1,471,000 | ||||||||||||||||||||||||||||||||
indemnification asset | 27,250,000 | 26,495,000 | 25,818,000 | 25,233,000 | 24,746,000 | 24,346,000 | 25,594,000 | 25,190,000 | 24,346,000 | 24,346,000 | 25,911,000 | ||||||||||||||||||||||
contract assets, net of allowance of 28 in 2023 and 33 in 2022 | 1,746,000 | ||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -18,751,000 | -18,449,000 | -16,261,000 | -20,658,000 | -12,738,000 | -2,599,000 | -8,545,000 | -4,445,000 | -2,967,000 | ||||||||||||||||||||||||
contract assets, net of allowance of 30 in 2023 and 33 in 2022 | 2,120,000 | ||||||||||||||||||||||||||||||||
deferred tax liabilities | 513,000 | 832,000 | 2,224,000 | 7,374,000 | 10,798,000 | 1,179,000 | 30,706,000 | 508,000 | 12,391,000 | 65,000,000 | 28,000,000 | 29,000,000 | 30,000,000 | 29,000,000 | 31,000,000 | 35,000,000 | 28,000,000 | 161,000,000 | 178,000,000 | ||||||||||||||
contract assets, net of allowance of 33 in 2022 and 88 in 2021 | 2,583,000 | ||||||||||||||||||||||||||||||||
term loan, related party | 25,827,000 | 30,348,000 | 60,902,000 | ||||||||||||||||||||||||||||||
contract assets, net of allowance of 42 in 2022 and 88 in 2021 | 3,121,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 50 in 2022 and 88 in 2021 | 3,554,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 59 in 2022 and 88 in 2021 | 4,062,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 88 in 2021 and 338 in 2020 | 5,259,000 | ||||||||||||||||||||||||||||||||
new term loan | 309,672,000 | 333,938,000 | 365,189,000 | 372,454,000 | |||||||||||||||||||||||||||||
new term loan, related party | 142,875,000 | 152,286,000 | 154,697,000 | 234,098,000 | |||||||||||||||||||||||||||||
senior term loan | |||||||||||||||||||||||||||||||||
senior term loan, related party | 113,482,000 | 155,600,000 | |||||||||||||||||||||||||||||||
leaseback obligations | 54,585,000 | 54,798,000 | |||||||||||||||||||||||||||||||
contract assets, net of allowance of 114 in 2021 and 338 in 2020 | 7,024,000 | ||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 33,084,000 | 36,370,000 | 36,277,000 | 26,172,000 | |||||||||||||||||||||||||||||
contract assets, net of allowance of 157 and 338 | 8,415,000 | ||||||||||||||||||||||||||||||||
new term loan, current | 70,000,000 | 70,000,000 | |||||||||||||||||||||||||||||||
contract assets, net of allowance of 244 and 338 | 9,285,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 338 and 0 | 10,975,000 | ||||||||||||||||||||||||||||||||
senior term loan, net of debt issuance costs of 445 and 593 | 335,683,000 | ||||||||||||||||||||||||||||||||
contract assets, net of allowance of 404 and 0 | 12,484,000 | ||||||||||||||||||||||||||||||||
prepaid expenses and other | 18,203,000 | 23,000,000 | 18,000,000 | 12,000,000 | 14,000,000 | 19,000,000 | 20,000,000 | 20,000,000 | 27,000,000 | 18,000,000 | 18,000,000 | ||||||||||||||||||||||
operating lease right-of-use assets | 20,015,000 | ||||||||||||||||||||||||||||||||
debt issuance costs | 2,760,000 | ||||||||||||||||||||||||||||||||
current portion of financing obligations | 698,000 | ||||||||||||||||||||||||||||||||
current portion of operating lease liability | 5,947,000 | ||||||||||||||||||||||||||||||||
accrued interest | 9,899,000 | 29,000,000 | 20,000,000 | 11,000,000 | 20,000,000 | 11,000,000 | 20,000,000 | 11,000,000 | 20,000,000 | 12,000,000 | 32,000,000 | ||||||||||||||||||||||
senior term loan, net of debt issuance costs of 482 and 593 | 348,528,000 | ||||||||||||||||||||||||||||||||
financing obligations, net of current portion | 55,005,000 | ||||||||||||||||||||||||||||||||
stock option liability | 37,661,000 | ||||||||||||||||||||||||||||||||
long-term disability insurance | 10,003,000 | ||||||||||||||||||||||||||||||||
unrecognized tax benefits, net of current portion | 1,911,000 | ||||||||||||||||||||||||||||||||
operating lease liability, net of current portion | 25,848,000 | ||||||||||||||||||||||||||||||||
deferred directory costs | 121,000,000 | 136,000,000 | 150,000,000 | 161,000,000 | 161,000,000 | 177,000,000 | 179,000,000 | 183,000,000 | 168,000,000 | 147,000,000 | |||||||||||||||||||||||
pension assets | 42,000,000 | 44,000,000 | 49,000,000 | 45,000,000 | 60,000,000 | 53,000,000 | 42,000,000 | 41,000,000 | 43,000,000 | 50,000,000 | |||||||||||||||||||||||
other non-current assets | 2,000,000 | 6,000,000 | 6,000,000 | ||||||||||||||||||||||||||||||
liabilities and shareholders' | |||||||||||||||||||||||||||||||||
current maturities of long-term debt | 2,298,000,000 | 124,000,000 | 132,000,000 | 124,000,000 | 123,000,000 | 131,000,000 | 153,000,000 | 154,000,000 | 160,000,000 | 162,000,000 | |||||||||||||||||||||||
accounts payable and accrued liabilities | 111,000,000 | 122,000,000 | 132,000,000 | 167,000,000 | 133,000,000 | 135,000,000 | 135,000,000 | 166,000,000 | 177,000,000 | 189,000,000 | |||||||||||||||||||||||
deferred revenue | 68,000,000 | 76,000,000 | 85,000,000 | 93,000,000 | 97,000,000 | 110,000,000 | 120,000,000 | 126,000,000 | 112,000,000 | 116,000,000 | |||||||||||||||||||||||
long-term debt | 2,211,000,000 | 2,250,000,000 | 2,272,000,000 | 2,320,000,000 | 2,385,000,000 | 2,473,000,000 | 2,521,000,000 | 2,691,000,000 | 2,776,000,000 | ||||||||||||||||||||||||
employee benefit obligations | 117,000,000 | 118,000,000 | 125,000,000 | 127,000,000 | 89,000,000 | 121,000,000 | 115,000,000 | 132,000,000 | 163,000,000 | 169,000,000 | |||||||||||||||||||||||
unrecognized tax benefits | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 13,000,000 | 14,000,000 | 14,000,000 | 19,000,000 | 23,000,000 | 51,000,000 | |||||||||||||||||||||||
shareholders' | |||||||||||||||||||||||||||||||||
common stock | 0.1 | ||||||||||||||||||||||||||||||||
retained | -2,759,000,000 | -2,692,000,000 | -2,650,000,000 | -2,591,000,000 | -2,446,000,000 | -2,387,000,000 | -2,302,000,000 | -2,220,000,000 | -1,639,000,000 | -1,507,000,000 | |||||||||||||||||||||||
accumulated other comprehensive | -81,000,000 | -83,000,000 | -82,000,000 | -85,000,000 | -25,000,000 | -30,000,000 | -32,000,000 | -34,000,000 | -54,000,000 | -50,000,000 | |||||||||||||||||||||||
total shareholders' | -1,284,000,000 | -1,219,000,000 | -1,177,000,000 | -1,122,000,000 | |||||||||||||||||||||||||||||
total liabilities and shareholders' | 1,419,000,000 | 1,494,000,000 | 1,600,000,000 | 1,722,000,000 | |||||||||||||||||||||||||||||
cash flows from operating activities | |||||||||||||||||||||||||||||||||
net | -168,000,000 | -101,000,000 | -59,000,000 | ||||||||||||||||||||||||||||||
reconciliation of net (loss) to net cash from operating activities: | |||||||||||||||||||||||||||||||||
depreciation and amortization | 310,000,000 | 209,000,000 | 106,000,000 | ||||||||||||||||||||||||||||||
benefit from deferred income taxes | -14,000,000 | -4,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||
benefit from unrecognized tax benefits | |||||||||||||||||||||||||||||||||
benefit from bad debts | 15,000,000 | 8,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||
non-cash interest expense | 82,000,000 | 53,000,000 | 25,000,000 | ||||||||||||||||||||||||||||||
stock-based compensation expense | 2,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||
employee retiree benefits | 7,000,000 | 2,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||
employee benefit plan amendments | |||||||||||||||||||||||||||||||||
gains on early extinguishment of debt | -1,000,000 | ||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||
other items | -3,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||
net cash from operating activities | 199,000,000 | 136,000,000 | 46,000,000 | ||||||||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||
additions to fixed assets and capitalized software | -11,000,000 | -9,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||
sales of fixed assets | 5,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||
net cash (used in) investing activities | -6,000,000 | -4,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||
debt repayments | -167,000,000 | -107,000,000 | -38,000,000 | ||||||||||||||||||||||||||||||
debt issuance costs and other financing items | -5,000,000 | -5,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||
net cash (used in) financing activities | -172,000,000 | -112,000,000 | -43,000,000 | ||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 21,000,000 | 20,000,000 | |||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 171,000,000 | 171,000,000 | 171,000,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 192,000,000 | 191,000,000 | 171,000,000 | ||||||||||||||||||||||||||||||
supplemental information | |||||||||||||||||||||||||||||||||
cash interest on debt | 177,000,000 | 122,000,000 | 66,000,000 | ||||||||||||||||||||||||||||||
cash income taxes | 7,000,000 | 7,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||
gain on early extinguishment of debt | -1,000,000 | ||||||||||||||||||||||||||||||||
assets held for sale | 12,000,000 | 15,000,000 | 16,000,000 | 16,000,000 | 21,000,000 | 21,000,000 | |||||||||||||||||||||||||||
other non‑current assets | 7,000,000 | 12,000,000 | 15,000,000 | 17,000,000 | |||||||||||||||||||||||||||||
balance, december 31, 2011 | |||||||||||||||||||||||||||||||||
net income | |||||||||||||||||||||||||||||||||
issuance of equity based awards | |||||||||||||||||||||||||||||||||
other comprehensive income, net of tax | |||||||||||||||||||||||||||||||||
balance, december 31, 2012 | |||||||||||||||||||||||||||||||||
acquisition of supermedia | |||||||||||||||||||||||||||||||||
balance, december 31, 2013 | |||||||||||||||||||||||||||||||||
balance, december 31, 2014 | |||||||||||||||||||||||||||||||||
other non current assets | 9,000,000 | 9,000,000 | 11,000,000 | ||||||||||||||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||
total shareholders' equity | -918,000,000 | -864,000,000 | -782,000,000 | -703,000,000 | -142,000,000 | -6,000,000 | |||||||||||||||||||||||||||
total liabilities and shareholders' equity | 1,898,000,000 | 2,084,000,000 | 2,275,000,000 | 2,464,000,000 | 3,358,000,000 | 3,701,000,000 | |||||||||||||||||||||||||||
unbilled accounts receivable | 131,000,000 | 242,000,000 | |||||||||||||||||||||||||||||||
accrued tax receivable | 11,000,000 | 12,000,000 | |||||||||||||||||||||||||||||||
current deferred tax liabilities | 33,000,000 | ||||||||||||||||||||||||||||||||
liabilities and shareholder's equity | |||||||||||||||||||||||||||||||||
total liabilities | |||||||||||||||||||||||||||||||||
shareholder's equity | |||||||||||||||||||||||||||||||||
total liabilities and shareholder's equity | 0.1 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||
net income | 4,542,000 | -9,660,000 | 5,654,000 | 13,931,000 | -9,618,000 | 5,548,000 | 8,424,000 | -27,046,000 | 15,978,000 | 9,314,000 | -50,445,000 | 13,280,000 | 58,002,000 | 33,511,000 | 5,088,000 | 35,624,000 | 24,359,000 | 36,506,000 | 109,800,000 | -560,000,000 | -132,000,000 | |||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
depreciation and amortization | 9,166,000 | 8,137,000 | 9,615,000 | 10,191,000 | 11,516,000 | 11,645,000 | 12,519,000 | 14,072,000 | 14,553,000 | 15,842,000 | 15,667,000 | 15,431,000 | 22,438,000 | 23,393,000 | 20,592,000 | 21,969,000 | 24,798,000 | 31,049,000 | 29,908,000 | 19,718,000 | 35,640,000 | 101,000,000 | 103,000,000 | 106,000,000 | 160,000,000 | 161,000,000 | 161,000,000 | 161,000,000 | 241,000,000 | 242,000,000 | ||
amortization of deferred commissions | 1,349,000 | 4,203,000 | 3,487,000 | 3,445,000 | 3,499,000 | 4,032,000 | 4,627,000 | 4,775,000 | 4,849,000 | 5,272,000 | ||||||||||||||||||||||
amortization of debt issuance costs | 741,000 | 782,000 | 806,000 | 818,000 | 830,000 | 871,000 | 896,000 | 945,000 | 1,310,000 | 1,359,000 | 1,360,000 | 1,361,000 | 1,422,000 | 1,444,000 | 1,442,000 | 1,441,000 | 1,488,000 | 1,501,000 | 1,497,000 | 433,000 | 267,000 | |||||||||||
deferred income taxes | 13,026,000 | 2,958,000 | 5,357,000 | 5,296,000 | -2,986,000 | 6,553,000 | 12,237,000 | -20,950,000 | -3,110,000 | 9,943,000 | -7,460,000 | -1,675,000 | 8,103,000 | -6,470,000 | -11,081,000 | -5,671,000 | 37,385,000 | -6,384,000 | -38,190,000 | -13,249,000 | -104,983,000 | |||||||||||
provision for credit losses and service credits | 3,630,000 | 4,208,000 | 4,475,000 | 5,238,000 | 3,782,000 | 6,012,000 | 4,317,000 | 4,704,000 | 7,475,000 | 4,014,000 | 5,825,000 | 5,755,000 | 7,646,000 | 5,282,000 | 7,576,000 | 5,467,000 | ||||||||||||||||
stock-based compensation expense | 4,750,000 | 5,698,000 | 5,807,000 | 6,008,000 | 7,737,000 | 6,465,000 | 6,011,000 | 6,353,000 | 5,289,000 | 5,462,000 | 5,798,000 | 5,393,000 | 4,488,000 | 4,402,000 | 3,810,000 | 1,928,000 | 1,862,000 | 2,340,000 | 1,921,000 | 1,971,000 | 1,300,000 | 1,000,000 | 0 | 1,000,000 | 2,000,000 | 0 | 0 | 1,000,000 | ||||
net periodic pension cost | 345,000 | 6,606,000 | ||||||||||||||||||||||||||||||
gain on foreign currency exchange rates | -1,433,000 | 835,000 | ||||||||||||||||||||||||||||||
other | 2,000 | 378,000 | 0 | 393,000 | -355,000 | 4,097,000 | 3,000 | -18,000 | -3,152,000 | -756,000 | -3,355,000 | -312,000 | -639,000 | 1,440,000 | -288,000 | 609,000 | -23,000 | 6,000 | ||||||||||||||
changes in working capital items: | ||||||||||||||||||||||||||||||||
accounts receivable | -4,820,000 | -4,283,000 | -20,957,000 | -1,448,000 | 16,840,000 | 5,006,000 | 17,238,000 | 10,673,000 | -9,750,000 | 34,163,000 | 8,807,000 | 16,268,000 | 3,688,000 | 1,368,000 | 2,063,000 | -12,361,000 | 25,577,000 | -21,700,000 | 43,645,000 | 26,846,000 | 25,640,000 | 1,000,000 | 7,000,000 | 4,000,000 | -6,000,000 | 12,000,000 | -2,000,000 | 37,000,000 | ||||
prepaid expenses, deferred costs, and other assets | -23,160,000 | |||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | -31,631,000 | 3,369,000 | 4,415,000 | 1,823,000 | -22,338,000 | -12,418,000 | -16,536,000 | 8,182,000 | -5,754,000 | -24,815,000 | -32,139,000 | -6,515,000 | -4,149,000 | -7,484,000 | -19,697,000 | -9,775,000 | -61,506,000 | -13,244,000 | 16,325,000 | -67,458,000 | -19,416,000 | -20,000,000 | -19,000,000 | -47,000,000 | 33,000,000 | -19,000,000 | -1,000,000 | -40,000,000 | -5,000,000 | -25,000,000 | ||
contract liabilities | 7,737,000 | 17,061,000 | 3,863,000 | -15,704,000 | 2,547,000 | 174,000 | ||||||||||||||||||||||||||
other liabilities | 17,229,000 | 3,231,000 | 8,972,000 | -18,162,000 | 369,000 | 1,319,000 | 3,697,000 | -23,074,000 | 1,189,000 | 5,098,000 | -31,941,000 | 2,711,000 | 3,044,000 | 5,556,000 | -38,504,000 | 3,303,000 | ||||||||||||||||
net cash from operating activities | 1,473,000 | 22,207,000 | 22,246,000 | 29,556,000 | -10,481,000 | 26,143,000 | 35,980,000 | 22,222,000 | 5,438,000 | 45,912,000 | 25,425,000 | 32,311,000 | 44,352,000 | 47,318,000 | 27,576,000 | 29,327,000 | 49,032,000 | 39,737,000 | 67,598,000 | 14,204,000 | 58,182,000 | 63,000,000 | 90,000,000 | 46,000,000 | 83,000,000 | 103,000,000 | 102,000,000 | 100,000,000 | 110,000,000 | 111,000,000 | ||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
free cash flows | 1,473,000 | 22,207,000 | 22,246,000 | 29,556,000 | -10,481,000 | 26,143,000 | 35,980,000 | 22,222,000 | 5,438,000 | 45,912,000 | 25,425,000 | 32,311,000 | 44,352,000 | 47,318,000 | 27,576,000 | 29,327,000 | 49,032,000 | 39,737,000 | 67,598,000 | 14,204,000 | 58,182,000 | 63,000,000 | 90,000,000 | 46,000,000 | 83,000,000 | 103,000,000 | 102,000,000 | 100,000,000 | 110,000,000 | 111,000,000 | ||
cash flows from investing activities | ||||||||||||||||||||||||||||||||
additions to fixed assets and capitalized software | -6,926,000 | -9,899,000 | -7,636,000 | -7,770,000 | -7,085,000 | -8,807,000 | -8,500,000 | -8,952,000 | -7,278,000 | -8,904,000 | -8,880,000 | -5,136,000 | -9,888,000 | -9,697,000 | -5,649,000 | -3,999,000 | -6,796,000 | -5,738,000 | -10,647,000 | -3,668,000 | -10,727,000 | -2,000,000 | -6,000,000 | -3,000,000 | -3,000,000 | -6,000,000 | -6,000,000 | -3,000,000 | -3,000,000 | -9,000,000 | ||
net cash from investing activities | -6,926,000 | -9,899,000 | -7,636,000 | -7,770,000 | -7,228,000 | -85,694,000 | -8,500,000 | -8,952,000 | -7,278,000 | -8,902,000 | -17,994,000 | -5,136,000 | -9,888,000 | -9,713,000 | -6,423,000 | -26,002,000 | -1,215,000 | -6,918,000 | -10,584,000 | -177,858,000 | -10,727,000 | -2,000,000 | -1,000,000 | -3,000,000 | 10,000,000 | -6,000,000 | -6,000,000 | -3,000,000 | -3,000,000 | -9,000,000 | ||
cash flows from financing activities | ||||||||||||||||||||||||||||||||
proceeds from abl facility | 90,777,000 | 71,991,000 | 97,211,000 | 96,670,000 | 109,647,000 | 81,425,000 | 17,500,000 | 24,728,000 | 205,351,000 | 213,761,000 | 210,616,000 | 272,857,000 | 229,607,000 | 258,142,000 | 186,173,000 | 302,374,000 | 252,645,000 | 247,795,000 | 295,873,000 | 249,936,000 | 274,889,000 | |||||||||||
payments of abl facility | -86,363,000 | -87,390,000 | -96,609,000 | -94,544,000 | -95,748,000 | -79,433,000 | -13,600,000 | -62,465,000 | -198,459,000 | -224,645,000 | -214,571,000 | -255,179,000 | -233,908,000 | -255,896,000 | -192,539,000 | -279,327,000 | -268,897,000 | -249,636,000 | -281,533,000 | -285,492,000 | -277,291,000 | |||||||||||
principal payments on finance lease obligation | -216,000 | -210,000 | ||||||||||||||||||||||||||||||
net cash from financing activities | 2,577,000 | -14,544,000 | -13,870,000 | -22,339,000 | 12,279,000 | 64,662,000 | -34,932,000 | -8,956,000 | -1,558,000 | -37,187,000 | -17,896,000 | -17,055,000 | -33,401,000 | -36,215,000 | -27,867,000 | 6,386,000 | -48,429,000 | -35,962,000 | -68,317,000 | 191,796,000 | -46,820,000 | -60,000,000 | -69,000,000 | -43,000,000 | -67,000,000 | -98,000,000 | -129,000,000 | -74,000,000 | -185,000,000 | -112,000,000 | ||
effect of exchange rate changes on cash, cash equivalents and restricted cash | 80,000 | -4,000 | -1,000 | 468,000 | 124,000 | -1,224,000 | 328,000 | 275,000 | -723,000 | |||||||||||||||||||||||
decrease in cash, cash equivalents and restricted cash | -2,796,000 | |||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 10,869,000 | 1,000 | 0 | 0 | 17,760,000 | 0 | 0 | 0 | 20,530,000 | |||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 8,073,000 | -2,239,000 | 739,000 | -85,000 | 12,454,000 | 3,887,000 | -7,124,000 | 4,589,000 | 16,409,000 | |||||||||||||||||||||||
supplemental information | ||||||||||||||||||||||||||||||||
cash paid for interest | 6,858,000 | 7,429,000 | 7,672,000 | 8,224,000 | 8,256,000 | 8,719,000 | 10,921,000 | 12,467,000 | 11,911,000 | 14,437,000 | 14,584,000 | 15,008,000 | 14,649,000 | 17,520,000 | 12,949,000 | 11,966,000 | 14,246,000 | 14,883,000 | 20,322,000 | 17,286,000 | 16,086,000 | |||||||||||
cash paid for income taxes | -5,587,000 | 800,000 | 1,029,000 | 2,195,000 | 1,178,000 | 453,000 | 1,617,000 | 11,428,000 | 1,915,000 | 186,000 | 8,411,000 | -992,000 | 4,586,000 | 16,739,000 | 21,513,000 | 15,421,000 | 5,402,000 | 20,080,000 | 22,658,000 | 15,753,000 | 9,042,000 | |||||||||||
impairment charges | 0 | 102,000,000 | 0 | 0 | 0 | 5,497,000 | ||||||||||||||||||||||||||
loss on foreign currency exchange rates | -383,000 | -339,000 | -218,000 | -1,222,000 | 2,373,000 | -881,000 | 2,856,000 | -2,825,000 | -2,699,000 | 1,077,000 | ||||||||||||||||||||||
loss on early extinguishment of debt | 0 | 0 | 299,000 | |||||||||||||||||||||||||||||
loss from the remeasurement of the indemnification asset | ||||||||||||||||||||||||||||||||
changes in working capital items, excluding acquisitions: | ||||||||||||||||||||||||||||||||
contract assets | 2,411,000 | -158,000 | -684,000 | 147,000 | 6,942,000 | -950,000 | -3,540,000 | -1,670,000 | 274,000 | 374,000 | 463,000 | 538,000 | 433,000 | 508,000 | 1,285,000 | 1,791,000 | 1,435,000 | 956,000 | 1,446,000 | 1,172,000 | ||||||||||||
acquisition of a business, net of cash acquired | -143,000 | 0 | 0 | -16,000 | -774,000 | -22,003,000 | 0 | -1,180,000 | 0 | -174,190,000 | ||||||||||||||||||||||
proceeds from term loan | -28,036,000 | 0 | ||||||||||||||||||||||||||||||
proceeds from term loan, related party | 28,036,000 | 0 | ||||||||||||||||||||||||||||||
payments of term loan | 0 | -5,250,000 | -11,467,000 | -26,497,000 | -309,286,000 | -9,368,000 | -42,500,000 | -17,500,000 | -35,000,000 | -31,001,000 | -36,336,000 | -21,384,000 | -15,444,000 | |||||||||||||||||||
payments of term loan, related party | 0 | -3,500,000 | -14,783,000 | -12,378,000 | 0 | -2,675,000 | -3,616,000 | -2,056,000 | ||||||||||||||||||||||||
debt issuance costs | 0 | -161,000 | ||||||||||||||||||||||||||||||
repurchases of common stock | 0 | |||||||||||||||||||||||||||||||
proceeds from exercise of stock warrants | ||||||||||||||||||||||||||||||||
proceeds from common stock offering, net of offering expenses | ||||||||||||||||||||||||||||||||
increase in cash, cash equivalents and restricted cash | 4,589,000 | -4,121,000 | ||||||||||||||||||||||||||||||
non-cash investing and financing activities | ||||||||||||||||||||||||||||||||
repurchase of treasury stock as a result of the settlement of the indemnification asset | 0 | |||||||||||||||||||||||||||||||
prepaid expenses and other assets | -5,553,000 | 4,716,000 | -20,672,000 | 8,218,000 | 3,535,000 | 7,555,000 | -18,169,000 | 13,399,000 | 24,769,000 | -14,679,000 | -13,967,000 | 8,563,000 | 14,842,000 | -6,920,000 | 9,268,000 | 4,383,000 | 3,431,000 | -10,998,000 | ||||||||||||||
other components of net periodic pension cost | 778,000 | 768,000 | 1,581,000 | 1,581,000 | 1,581,000 | 1,902,000 | 1,865,000 | 121,000 | -453,000 | 10,924,000 | ||||||||||||||||||||||
purchase of treasury stock | 0 | 0 | 0 | |||||||||||||||||||||||||||||
(decrease) in cash, cash equivalents and restricted cash | -5,306,000 | |||||||||||||||||||||||||||||||
other components of net periodic pension benefit | ||||||||||||||||||||||||||||||||
non-cash loss from the remeasurement of the indemnification asset | 0 | |||||||||||||||||||||||||||||||
bargain purchase gain | -638,000 | -3,240,000 | 292,000 | -7,297,000 | ||||||||||||||||||||||||||||
net | -67,000,000 | -42,000,000 | -59,000,000 | -59,000,000 | -85,000,000 | -82,000,000 | ||||||||||||||||||||||||||
adjustments to reconcile net (loss) to net cash from operating activities: | ||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 50,000 | -290,000 | 783,000 | -983,000 | -1,168,000 | 541,000 | 1,513,000 | -2,627,000 | -112,000 | -707,000 | ||||||||||||||||||||||
increase in cash and cash equivalents and restricted cash | -10,415,000 | 9,830,000 | 1,846,000 | 407,000 | -7,882,000 | 10,252,000 | 901,000 | -5,770,000 | ||||||||||||||||||||||||
cash and cash equivalents and restricted cash, beginning of period | 0 | 18,180,000 | 0 | 0 | 0 | 13,557,000 | 0 | 0 | ||||||||||||||||||||||||
cash and cash equivalents and restricted cash, end of period | -10,415,000 | 28,010,000 | 1,846,000 | 407,000 | -7,882,000 | 23,809,000 | 901,000 | -5,770,000 | ||||||||||||||||||||||||
other components of net periodic pension (benefit) cost | -13,831,000 | -273,000 | ||||||||||||||||||||||||||||||
proceeds from the sale of assets | ||||||||||||||||||||||||||||||||
payments of senior term loan | 0 | 0 | 0 | -335,821,000 | -41,118,000 | |||||||||||||||||||||||||||
payments of senior term loan, related party | 0 | 0 | 0 | -113,789,000 | -13,882,000 | |||||||||||||||||||||||||||
proceeds from exercises of stock options and stock warrants | 1,901,000 | 550,000 | 3,499,000 | 839,000 | ||||||||||||||||||||||||||||
other components of net periodic pension | 3,928,000 | -9,153,000 | -70,000 | |||||||||||||||||||||||||||||
proceeds from the sale of fixed assets | ||||||||||||||||||||||||||||||||
provision for credit losses | 4,820,000 | 2,919,000 | -1,726,000 | 2,018,000 | ||||||||||||||||||||||||||||
provision for service credits | 768,000 | 1,876,000 | 4,191,000 | 4,528,000 | 4,282,000 | |||||||||||||||||||||||||||
loss on termination of leaseback obligations | 0 | 0 | ||||||||||||||||||||||||||||||
loss on disposal/write-off of fixed assets and capitalized software | -5,492,000 | 0 | -59,000 | 15,000 | 68,000 | |||||||||||||||||||||||||||
non-cash loss from remeasurement of indemnification asset | 1,247,000 | -404,000 | 1,565,000 | |||||||||||||||||||||||||||||
operating lease liability | -1,004,000 | 41,000 | -2,004,000 | -403,000 | -8,000 | |||||||||||||||||||||||||||
settlement of stock option liability | 0 | |||||||||||||||||||||||||||||||
proceeds from new term loan | 0 | 0 | 0 | 418,070,000 | ||||||||||||||||||||||||||||
proceeds from new term loan, related party | 0 | 0 | 0 | 260,930,000 | ||||||||||||||||||||||||||||
payments of new tern loan | -24,016,000 | -24,110,000 | ||||||||||||||||||||||||||||||
payments of new term loan, related party | -10,984,000 | -10,890,000 | ||||||||||||||||||||||||||||||
proceeds from senior term loan | ||||||||||||||||||||||||||||||||
proceeds from senior term loan, related party | ||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | ||||||||||||||||||||||||||||||||
proceeds from private placement | ||||||||||||||||||||||||||||||||
payments of lease obligations | ||||||||||||||||||||||||||||||||
accrued income taxes | -6,339,000 | 9,597,000 | -22,365,000 | |||||||||||||||||||||||||||||
proceeds from the sale of building and fixed assets | 0 | |||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 27,435,000 | 1,000,000 | 26,000,000 | -1,000,000 | -33,000,000 | 23,000,000 | -78,000,000 | -10,000,000 | ||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 2,406,000 | 0 | 0.1 | |||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 29,841,000 | 635,000 | 1,000,000 | 20,000,000 | 171,000,000 | -1,000,000 | -33,000,000 | 179,000,000 | -10,000,000 | 243,999,999.9 | 0.1 | |||||||||||||||||||||
prepaid and other assets | 7,757,000 | |||||||||||||||||||||||||||||||
payments of original term facility, upon extinguishment | ||||||||||||||||||||||||||||||||
payments of original term facility, upon extinguishment, related party | ||||||||||||||||||||||||||||||||
payments of original term facility, prior to extinguishment | ||||||||||||||||||||||||||||||||
payments of original term facility, prior to extinguishment, related party | ||||||||||||||||||||||||||||||||
provision for bad debt | ||||||||||||||||||||||||||||||||
deferred costs | ||||||||||||||||||||||||||||||||
payments of financing obligations | ||||||||||||||||||||||||||||||||
(decrease) in cash and cash equivalents | ||||||||||||||||||||||||||||||||
reconciliation of net (loss) to net cash from operating activities: | ||||||||||||||||||||||||||||||||
provision for deferred income taxes | -10,000,000 | -1,000,000 | -3,000,000 | 15,000,000 | 1,000,000 | -2,000,000 | -3,000,000 | -119,000,000 | ||||||||||||||||||||||||
provision for unrecognized tax benefits | -2,000,000 | -4,000,000 | ||||||||||||||||||||||||||||||
provision for bad debts | 7,000,000 | 3,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | 9,000,000 | 6,000,000 | 3,000,000 | 8,000,000 | |||||||||||||||||||||||
non-cash interest expense | 29,000,000 | 28,000,000 | 25,000,000 | 24,000,000 | 24,000,000 | 23,000,000 | 22,000,000 | |||||||||||||||||||||||||
employee retiree benefits | 5,000,000 | 1,000,000 | 1,000,000 | -3,000,000 | 11,000,000 | -1,000,000 | -15,000,000 | 0 | -2,000,000 | |||||||||||||||||||||||
employee benefit plan amendments | 0 | |||||||||||||||||||||||||||||||
gains on early extinguishment of debt | 0 | |||||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||
deferred directory costs | 15,000,000 | 14,000,000 | 11,000,000 | 2,000,000 | 16,000,000 | 3,000,000 | 5,000,000 | -3,000,000 | -23,000,000 | |||||||||||||||||||||||
other current assets | 2,000,000 | 3,000,000 | 3,000,000 | 0 | 5,000,000 | 2,000,000 | 1,000,000 | |||||||||||||||||||||||||
other items | -2,000,000 | -6,000,000 | -2,000,000 | -5,000,000 | 4,000,000 | 11,000,000 | ||||||||||||||||||||||||||
sales of fixed assets | 0 | |||||||||||||||||||||||||||||||
debt repayments | -60,000,000 | -69,000,000 | -38,000,000 | -67,000,000 | -98,000,000 | -128,000,000 | -74,000,000 | -184,000,000 | -112,000,000 | |||||||||||||||||||||||
debt issuance costs and other financing items | 0 | 0 | -5,000,000 | 0 | 0 | |||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 0 | 0 | 171,000,000 | 0 | 0 | 0 | 156,000,000 | 0 | 0 | |||||||||||||||||||||||
cash interest on debt | 55,000,000 | 56,000,000 | 66,000,000 | 60,000,000 | 71,000,000 | 64,000,000 | 74,000,000 | 72,000,000 | 96,000,000 | |||||||||||||||||||||||
cash income taxes | 0 | 4,000,000 | 3,000,000 | 0 | 2,000,000 | -1,000,000 | 0 | |||||||||||||||||||||||||
gain on early extinguishment of debt | ||||||||||||||||||||||||||||||||
reconciliation of net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
impairment charge | ||||||||||||||||||||||||||||||||
non-cash reorganization items | 0 | 0 | ||||||||||||||||||||||||||||||
cash acquired in acquisition | 0 | |||||||||||||||||||||||||||||||
proceeds from sale of building | ||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||
gain on sale of assets | ||||||||||||||||||||||||||||||||
cash acquired in acquisition and other | ||||||||||||||||||||||||||||||||
amortization of debt discount | 17,000,000 | |||||||||||||||||||||||||||||||
other non-cash interest expense | 6,000,000 | |||||||||||||||||||||||||||||||
accounts receivable and unbilled accounts receivable | 136,000,000 | |||||||||||||||||||||||||||||||
change in cash and cash equivalents |

