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Clarivate CLVT Goodwill impairment

Discontinued — last reported Q4 '22

Goodwill impairment at other companies

Definitive Healthcare Corp. logo
Definitive Healthcare Corp.DH
$0
ExlService Holdings logo
ExlService HoldingsEXLS
$0

Segments

By segment

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Life Sciences & Healthcare$149.1M+156%
IP$13.8M
A&G$0

Other financials

Income statement

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Revenue$587.3M-5.5%
Gross profit$401.8M-3.8%
Operating income-$200.2M-3,001%
Net income-$268.6M-273%
EPS (diluted)-$0.42-282%

Balance sheet

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Cash & equivalents$217.7M-40.0%
Total debt$4.3B-7.4%
Total equity$4.5B-9.1%
Total assets$10.5B-8.2%

Cash flow

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Operating cash flow$98.7M-15.1%
CapEx$54.7M-17.1%
Free cash flow$44.0M-12.5%

Valuation

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Market cap$1.18B-53.4%
Enterprise value$5.29B-22.7%
P/S0.5×-0.5×

Profitability

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Gross margin66.8%+0.8pp
Operating margin-3.5%+5.5pp
Net margin-14%-2.3pp
FCF margin13.6%-0.3pp

Returns & leverage

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Return on equity-7.1%-0.8pp
Debt / equity0.0×
Current ratio0.8×-0.1×

Where this comes from

Reported directly by Clarivate in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Clarivate’s 10-K/A, filed October 12, 2023.

Filed
Oct 12, 2023
Fiscal year
FY2022
Accession
0001764046-23-000106
Line itemYear Ended December 31, 2022Year Ended December 31, 2021Year Ended December 31, 2020
Selling, general and administrative costs729.9643.0544.7
Depreciation and amortization710.5537.8303.2
Restructuring and impairment66.7129.556.1
Goodwill impairment4,449.1
Other operating (income) expense, net(324.8)27.5(52.4)
Total operating expenses6,585.41,963.91,290.4
Income (loss) from operations(3,925.6)(87.0)(36.3)
Mark to market (gain) loss on financial instruments(206.8)(81.3)205.1

Item 8. Financial Statements and Supplementary Data

FAQ

What is Clarivate's goodwill impairment?
Clarivate (CLVT) reported goodwill impairment of $500K in Q4 2022.
What does goodwill impairment mean?
Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

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