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CRNC - Cerence Inc.

NASDAQ -> Technology -> Software—Application
Burlington, United States

CRNC price evolution
CRNC
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Current assets
Cash $128.43 $120.84 $119.55 $110.36
Short term investments $30.43 $29.1 $17.1 $17.09
Net receivables $45.56 $53.14 $59.09 $60.43
Inventory
Total current assets $287.05 $271.74 $253.97 $239.32
Long term investments $7.34 $7.35
Property, plant & equipment $46.41 $47.56 $48.73 $50.34
Goodwill & intangible assets $1153.86 $1163.52 $1166.04 $1177.43
Total noncurrent assets $1418.68 $1437.3 $1435.98 $1461.42
Total investments $37.77 $36.45 $17.1 $17.09
Total assets $1705.73 $1709.04 $1689.95 $1700.75
Current liabilities
Accounts payable $11.64 $11.19 $4 $4.81
Deferred revenue $276.74 $289.78 $301.8 $320.27
Short long term debt $10.81 $11.75 $11.85 $12.51
Total current liabilities $165.31 $168.88 $161.3 $174.09
Long term debt $277.31 $278.53 $279.67 $282.84
Total noncurrent liabilities $508.47 $518.31 $525.21 $533.53
Total debt $288.12 $290.28 $291.52 $295.35
Total liabilities $673.78 $687.19 $686.51 $707.62
Shareholders' equity
Retained earnings $27.58 $19.59 $13.79 $1.01
Other shareholder equity $1.63 $9.58 $5.63 $17.85
Total shareholder equity $1031.94 $1021.85 $1003.44 $993.13
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Current assets
Cash $128.43 $136.07
Short term investments $30.43 $11.66
Net receivables $45.56 $49.94 $65.79 $72.08
Inventory
Total current assets $287.05 $249.15 $92.33 $82.97
Long term investments $7.34
Property, plant & equipment $46.41 $49.63 $20.11 $13.41
Goodwill & intangible assets $1153.86 $1173.81 $1184.89 $1204.76
Total noncurrent assets $1418.68 $1438.3 $1391.5 $1314.58
Total investments $37.77 $11.66
Total assets $1705.73 $1687.44 $1483.83 $1397.55
Current liabilities
Accounts payable $11.64 $8.45 $16.69 $6.51
Deferred revenue $276.74 $325.09 $353.28 $348.65
Short long term debt $10.81 $11.95
Total current liabilities $165.31 $200.77 $129.11 $121.81
Long term debt $277.31 $284.69
Total noncurrent liabilities $508.47 $528.91 $286.59 $282.42
Total debt $288.12 $296.64
Total liabilities $673.78 $729.69 $415.7 $404.23
Shareholders' equity
Retained earnings $27.58 -$20.63
Other shareholder equity $1.63 $3.71 -$29 -$23.96
Total shareholder equity $1031.94 $957.76 $1068.13 $993.32
(in millions $) 31 Jan 2022 30 Sep 2021 30 Jun 2021 31 Mar 2021
Revenue
Total revenue $98.08 $96.8 $98.66
Cost of revenue $24.13 $23.84 $26.22
Gross Profit $73.95 $72.97 $72.44
Operating activities
Research & development $28.7 $30.37 $28.86
Selling, general & administrative $29 $22.71 $22.51
Total operating expenses $63.19 $58.02 $55.09
Operating income $10.76 $14.95 $17.34
Income from continuing operations
EBIT $10.93 $15.16 $20.86
Income tax expense -$0.49 $6.06 $6.22
Interest expense $3.43 $3.29 $3.48
Net income
Net income $7.99 $5.8 $11.16
Income (for common shares) $7.99 $5.8 $11.16
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Revenue
Total revenue $387.18 $329.65 $303.31 $276.98
Cost of revenue $101.07 $107.85 $99.34 $82.96
Gross Profit $286.11 $221.79 $203.97 $194.02
Operating activities
Research & development $112.07 $88.9 $93.06 $80.96
Selling, general & administrative $95.66 $82.78 $62.19 $50.43
Total operating expenses $225.51 $202.46 $193.12 $157.17
Operating income $60.59 $19.33 $10.85 $36.85
Income from continuing operations
EBIT $62.27 -$3.4 $11.18 $36.8
Income tax expense $2.38 -$5.51 -$89.08 $30.92
Interest expense $14 $22.74
Net income
Net income $45.89 -$20.63 $100.27 $5.88
Income (for common shares) $45.89 -$20.63 $100.27 $5.88
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Net income $7.99 $5.8 $11.16 $21.64
Operating activities
Depreciation $7.38 $7.33 $7.32 $7.62
Business acquisitions & disposals
Stock-based compensation $18.38 $14.71 $15.12 $12.35
Total cash flows from operations $23.32 $24.06 $16.2 $10.81
Investing activities
Capital expenditures -$3.99 -$2.87 -$2.81 -$2.37
Investments -$3.32 -$18.43 -$2.57 -$6.36
Total cash flows from investing -$6.92 -$20.87 -$5.12 -$8.73
Financing activities
Dividends paid
Sale and purchase of stock -$6.84 -$0.25 -$0.56 -$26.59
Net borrowings -$1.72 -$1.65 -$1.7 -$2.18
Total cash flows from financing -$8.56 -$1.9 -$2.26 -$28.78
Effect of exchange rate -$0.26 $0.01 $0.37 $0.99
Change in cash and equivalents $7.59 $1.29 $9.19 -$25.71
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net income $45.89 -$20.63 $100.27 $5.88
Operating activities
Depreciation $29.66 $30.04 $28.84 $25.77
Business acquisitions & disposals -$79.8
Stock-based compensation $60.55 $47.28 $29.68 $22.04
Total cash flows from operations $74.39 $44.79 $88.07 $115.26
Investing activities
Capital expenditures -$12.05 -$19.01 -$4.52 -$6.51
Investments -$30.68 -$11.66
Total cash flows from investing -$41.63 -$30.68 -$4.52 -$86.31
Financing activities
Dividends paid -$152.98
Sale and purchase of stock -$34.25 -$8.05
Net borrowings -$7.26 $269.62
Total cash flows from financing -$41.51 $121.55 -$83.55 -$28.95
Effect of exchange rate $1.11 $0.4
Change in cash and equivalents -$7.64 $136.07
Fundamentals
Market cap N/A
Enterprise value N/A
Shares outstanding N/A
Revenue N/A
EBITDA N/A
EBIT N/A
Net Income N/A
Revenue Q/Q N/A
Revenue Y/Y N/A
P/E ratio N/A
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio N/A
P/B ratio N/A
Book/Share N/A
Cash/Share N/A
EPS N/A
ROA N/A
ROE N/A
Debt/Equity 0.65
Net debt/EBITDA N/A
Current ratio 1.74
Quick ratio 1.74