Company Quick10K Filing
Acxiom
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 69 $3,507
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-05 Quarter: 2019-06-30
10-K 2019-05-29 Annual: 2019-03-31
10-Q 2019-02-11 Quarter: 2018-12-31
10-Q 2018-11-01 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-K 2018-05-25 Annual: 2018-03-31
10-Q 2018-02-07 Quarter: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-K 2017-05-26 Annual: 2017-03-31
10-Q 2017-02-02 Quarter: 2016-12-31
10-Q 2016-11-08 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-K 2016-05-27 Annual: 2016-03-31
10-Q 2016-02-05 Quarter: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-K 2015-05-27 Annual: 2015-03-31
10-Q 2015-02-06 Quarter: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-K 2014-05-28 Annual: 2014-03-31
10-Q 2014-02-07 Quarter: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-K 2013-05-29 Annual: 2013-03-31
10-Q 2013-02-08 Quarter: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-K 2012-05-25 Annual: 2012-03-31
10-Q 2012-02-08 Quarter: 2011-12-31
10-Q 2011-11-08 Quarter: 2011-09-30
10-Q 2011-08-08 Quarter: 2011-06-30
10-K 2011-05-27 Annual: 2011-03-31
10-Q 2011-02-04 Quarter: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-05 Quarter: 2010-06-30
10-K 2010-05-26 Annual: 2010-03-31
10-Q 2010-02-08 Quarter: 2009-12-31
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-08-19 Shareholder Vote
8-K 2019-08-05 Earnings, Other Events, Exhibits
8-K 2019-06-19 Other Events, Exhibits
8-K 2019-05-28 Earnings, Exhibits
8-K 2019-05-21 Sale of Shares, Other Events, Exhibits
8-K 2019-04-22 Sale of Shares, Other Events, Exhibits
8-K 2019-03-21 Sale of Shares, Other Events, Exhibits
8-K 2019-02-21 Sale of Shares, Other Events, Exhibits
8-K 2019-02-11 Earnings, Other Events, Exhibits
8-K 2019-02-06 Officers
8-K 2019-01-22 Sale of Shares, Other Events, Exhibits
8-K 2018-12-21 Sale of Shares, Other Events, Exhibits
8-K 2018-11-21 Sale of Shares, Other Events, Exhibits
8-K 2018-10-29 Earnings, Other Events, Exhibits
8-K 2018-10-22 Sale of Shares, Other Events, Exhibits
8-K 2018-09-21 Sale of Shares, Other Events, Exhibits
8-K 2018-08-21 Sale of Shares, Other Events, Exhibits
8-K 2018-08-09 Earnings, Other Events, Exhibits
8-K 2018-07-23 Sale of Shares, Other Events, Exhibits
8-K 2018-07-02 Regulation FD, Other Events, Exhibits
8-K 2018-07-02 Enter Agreement, Shareholder Rights, Exhibits
8-K 2018-06-21 Sale of Shares, Other Events, Exhibits
8-K 2018-05-21 Sale of Shares, Other Events, Exhibits
8-K 2018-05-16 Earnings, Exhibits
8-K 2018-04-23 Sale of Shares, Other Events, Exhibits
8-K 2018-04-13 Officers
8-K 2018-03-31 Officers, Other Events, Exhibits
8-K 2018-03-21 Sale of Shares, Other Events, Exhibits
8-K 2018-02-21 Sale of Shares, Other Events, Exhibits
8-K 2018-02-06 Earnings, Exhibits
8-K 2018-01-22 Sale of Shares, Other Events, Exhibits
ACXM 2019-09-30
Part I. Financial Information
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-31.1 a2020q2exhibit311.htm
EX-31.2 a2020q2exhibit312.htm
EX-32.1 a2020q2exhibit321.htm
EX-32.2 a2020q2exhibit322.htm

Acxiom Earnings 2019-09-30

ACXM 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
ILG 4,068 3,661 1,924 1,827 898 182 323 4,615 49% 14.3 5%
IBKR 4,060 66,034 58,414 2,108 0 1,148 1,211 -7,921 0% -6.5 2%
NYLD 3,887 8,731 6,677 1,022 690 -125 680 9,775 68% 14.4 -1%
LHO 3,819 3,659 1,382 1,084 16 -38 193 4,636 1% 24.0 -1%
KLXI 3,754 3,876 1,556 1,925 535 81 236 4,617 28% 19.6 2%
UBIA 3,713 0 4 0 0 -3 -2 3,713 0% -1,609.4 -1,203%
ACXM 3,507 1,439 167 306 172 0 -416 2,502 56% -6.0 0%
PSN 3,417 3,255 1,717 1,894 395 54 78 3,455 21% 44.1 2%
KS 3,417 3,374 2,092 3,464 147 346 493 4,704 4% 9.5 10%
EDR 3,351 3,335 1,164 338 324 130 241 4,329 96% 17.9 4%

Document
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 10-Q
 
(Mark One) 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended September 30, 2019
 OR 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from ----- to -----
 
Commission file number 1-38669
LiveRamp Holdings, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation or Organization)
83-1269307
(I.R.S. Employer Identification No.)
225 Bush Street, Seventeenth Floor
San Francisco, CA
(Address of Principal Executive Offices)
94104
(Zip Code)
(866) 352-3267
(Registrant's Telephone Number, Including Area Code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $.10 Par Value
RAMP
New York Stock Exchange
 
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
 
Yes  [X]               No  [ ]
 
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). 
Yes  [X]               No  [ ]
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. 
Large accelerated filer [X]
Accelerated filer   [ ]
Non-accelerated filer [ ]
Smaller reporting company
(Do not check if a smaller reporting company)
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
 
Yes                 No  [X]
 
The number of shares of common stock, $ 0.10 par value per share, outstanding as of November 1, 2019 was 67,695,513.


1


LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
TABLE OF CONTENTS
REPORT ON FORM 10-Q
September 30, 2019
 
Page No.

2


PART I.  FINANCIAL INFORMATION
Item 1.  Financial Statements
LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands) 
September 30, 2019March 31, 2019
ASSETS(Unaudited)
Current assets:
Cash and cash equivalents$777,443  $1,061,473  
Restricted cash14,815    
Trade accounts receivable, net88,150  78,563  
Refundable income taxes15,676  7,890  
Other current assets51,055  44,150  
Total current assets947,139  1,192,076  
Property and equipment, net of accumulated depreciation and amortization21,162  26,043  
Software, net of accumulated amortization27,413  6,861  
Goodwill297,477  204,656  
Deferred income taxes35  35  
Deferred commissions, net11,347  10,741  
Other assets, net58,657  32,499  
$1,363,230  $1,472,911  
LIABILITIES AND EQUITY
Current liabilities:
Trade accounts payable$31,721  $31,203  
Accrued payroll and related expenses16,716  18,715  
Other accrued expenses55,724  40,916  
Acquisition escrow payable14,815    
Deferred revenue4,447  4,284  
Total current liabilities123,423  95,118  
Deferred income taxes1,500  39  
Other liabilities51,949  46,922  
Commitments and contingencies
Stockholders' equity:
Common stock14,310  14,187  
Additional paid-in capital1,460,120  1,406,813  
Retained earnings1,587,263  1,669,605  
Accumulated other comprehensive income6,619  7,801  
Treasury stock, at cost(1,881,954) (1,767,574) 
Total equity1,186,358  1,330,832  
$1,363,230  $1,472,911  
 
See accompanying notes to condensed consolidated financial statements.
3


LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands, except per share amounts)
 
For the three months ended
September 30,
20192018
Revenues$90,143  $64,812  
Cost of revenue41,460  24,466  
Gross profit48,683  40,346  
Operating expenses:
Research and development26,445  16,940  
Sales and marketing45,204  35,940  
General and administrative27,262  25,176  
Gains, losses and other items, net45  489  
Total operating expenses98,956  78,545  
Loss from operations(50,273) (38,199) 
Total other income (expense)4,780  (281) 
Loss from continuing operations before income taxes(45,493) (38,480) 
Income taxes (benefit)(5,291) 2,700  
Net loss from continuing operations(40,202) (41,180) 
Earnings from discontinued operations, net of tax  61,803  
Net earnings (loss)$(40,202) $20,623  
Basic earnings (loss) per share:
Continuing operations$(0.59) $(0.53) 
Discontinued operations  0.80  
Net earnings (loss)$(0.59) $0.27  
Diluted earnings (loss) per share:
Continuing operations$(0.59) $(0.53) 
Discontinued operations  0.80  
Net earnings (loss)$(0.59) $0.27  
 

See accompanying notes to condensed consolidated financial statements.

4


LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands, except per share amounts)
 
For the six months ended
September 30,
20192018
Revenues$172,654  $127,283  
Cost of revenue77,886  48,120  
Gross profit94,768  79,163  
Operating expenses:
Research and development50,167  33,910  
Sales and marketing88,348  69,263  
General and administrative52,580  43,301  
Gains, losses and other items, net2,321  490  
Total operating expenses193,416  146,964  
Loss from operations(98,648) (67,801) 
Total other income10,662  75  
Loss from continuing operations before income taxes(87,986) (67,726) 
Income taxes (benefit)(5,644) 1,272  
Net loss from continuing operations(82,342) (68,998) 
Earnings from discontinued operations, net of tax  86,606  
Net earnings (loss)$(82,342) $17,608  
Basic earnings (loss) per share:
Continuing operations$(1.21) $(0.89) 
Discontinued operations  1.12  
Net earnings (loss)$(1.21) $0.23  
Diluted earnings (loss) per share:
Continuing operations$(1.21) $(0.89) 
Discontinued operations  1.12  
Net earnings (loss)$(1.21) $0.23  
 
See accompanying notes to condensed consolidated financial statements.

5


LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Unaudited)
(Dollars in thousands)
 
For the three months endedFor the six months ended
September 30,September 30,
2019201820192018
Net earnings (loss)$(40,202) $20,623  $(82,342) $17,608  
Other comprehensive income (loss):
Change in foreign currency translation adjustment(715) 1,293  (1,182) (575) 
Comprehensive income (loss)$(40,917) $21,916  $(83,524) $17,033  
 
See accompanying notes to condensed consolidated financial statements.

6


LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2019
(Unaudited)
(Dollars in thousands) 

Accumulated
Common StockAdditionalotherTreasury Stock
Numberpaid-inRetainedcomprehensiveNumberTotal
of sharesAmountCapitalearningsincome (loss)of sharesAmountEquity
Balances at March 31, 2019141,865,888  $14,187  $1,406,813  $1,669,605  $7,801  (73,167,892) $(1,767,574) $1,330,832  
Employee stock awards, benefit plans and other issuances46,681  4  1,056  —  —  (221,195) (12,093) (11,033) 
Non-cash stock-based compensation51,362  5  15,059  —  —  —  —  15,064  
Restricted stock units vested487,632  49  (49) —  —  —  —    
Acquisition of treasury stock—  —  —  —  —  (412,200) (20,099) (20,099) 
Comprehensive loss:
Foreign currency translation—  —  —  —  (467) —  —  (467) 
Net loss—  —  —  (42,140) —  —  —  (42,140) 
Balances at June 30, 2019142,451,563  $14,245  $1,422,879  $1,627,465  $7,334  (73,801,287) $(1,799,766) $1,272,157  
Employee stock awards, benefit plans and other issuances72,505  8  1,026  —  —  (34,274) (1,814) (780) 
Non-cash stock-based compensation6,833  1  16,267  —  —  —  —  16,268  
Restricted stock units vested146,521  14  (14) —  —  —  —    
Liability-classified restricted stock units vested418,850  42  17,662  —  —  —  —  17,704  
Acquisition-related replacement stock options—  —  2,300  —  —  —  —  2,300  
Acquisition of treasury stock—  —  —  —  —  (1,722,730) (80,374) (80,374) 
Comprehensive loss:
Foreign currency translation—  —  —  —  (715) —  —  (715) 
Net loss—  —  —  (40,202) —  —  —  (40,202) 
Balances at September 30, 2019143,096,272  $14,310  $1,460,120  $1,587,263  $6,619  (75,558,291) $(1,881,954) $1,186,358  
 
See accompanying notes to condensed consolidated financial statements

7


LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2018
(Unaudited)
(Dollars in thousands) 

Accumulated
Common StockAdditionalotherTreasury Stock
Numberpaid-inRetainedcomprehensiveNumberTotal
of sharesAmountCapitalearningsincome (loss)of sharesAmountEquity
Balances at March 31, 2018136,079,676  $13,609  $1,235,679  $628,331  $10,767  (58,304,917) $(1,139,291) $749,095  
Cumulative-effect adjustment from adoption of ASU 2014-09—  —  —  12,727  —  —  —  12,727  
Employee stock awards, benefit plans and other issuances233,784  23  4,093  —  —  (391,898) (10,044) (5,928) 
Non-cash stock-based compensation149,416  15  16,796  —  —  —  —  16,811  
Restricted stock units vested1,259,681  126  (126) —  —  —  —    
Acquisition of treasury stock—  —  —  —  —  (1,853,071) (45,766) (45,766) 
Comprehensive loss:
Foreign currency translation—  —  —  —  (1,868) —  —  (1,868) 
Net loss—  —  —  (3,015) —  —  —  (3,015) 
Balances at June 30, 2018137,722,557  $13,773  $1,256,442  $638,043  $8,899  (60,549,886) $(1,195,101) $722,056  
Employee stock awards, benefit plans and other issuances205,553  21  3,984  —  —  (104,157) (4,580) (575) 
Non-cash stock-based compensation91,168  9  17,272  —  —  —  —  17,281  
Restricted stock units vested336,870  33  (33) —  —  —  —    
Warrant exercises—  —  (51) —  —  3,488  51  —  
Acquisition of treasury stock—  —  —  —  —  —  —  —  
Comprehensive income:
Foreign currency translation—  —  —  —  1,293  —  —  1,293  
Net earnings—  —  —  20,623  —  —  —  20,623  
Balances at September 30, 2018138,356,148  $13,836  $1,277,614  $658,666  $10,192  (60,650,555) $(1,199,630) $760,678  

See accompanying notes to condensed consolidated financial statements
8


LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Dollars in thousands)
For the six months ended
September 30,
20192018
Cash flows from operating activities:
Net earnings (loss)$(82,342) $17,608  
Earnings from discontinued operations  (86,606) 
Non-cash operating activities:
Depreciation and amortization19,854  16,540  
Loss (gain) on disposal or impairment of assets(140) 475  
Provision for doubtful accounts2,430  631  
Deferred income taxes(5,083) 12,444  
Non-cash stock compensation expense41,984  35,465  
Changes in operating assets and liabilities:
Accounts receivable(11,258) (2,649) 
Deferred commissions(606) (2,047) 
Other assets(3,897) 1,264  
Accounts payable and other liabilities2,821  (4,604) 
Income taxes(7,789) (16,416) 
Deferred revenue(133) (1,515) 
Net cash used in operating activities(44,159) (29,410) 
Cash flows from investing activities:
Capitalized software  (1,322) 
Capital expenditures(7,529) (2,035) 
Proceeds from sale of assets517