Company name:
Ceridian HCM Holding Inc
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IPO SHARE PRICE:$22.00
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IPO DATE:April 26, 2018
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TICKER:CDAY
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MAIN STOCK EXCHANGE:NYSE
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CURRENT HQ LOCATION:3311 East Old Shakopee Road Minneapolis Minnesota 55425
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Ceridian HCM Holding Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Income Statement
(USD in thousand)
Selected Quarter:
31-Dec
2020
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
81.5% —
Recurring services
18.5% —
Professional services revenue
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| Recurring services | 172,800 | 163,500 | 167,400 | 176,400 | 181,500 | 159,100 | 168,100 | 181,500 | 690,200 | 726,000 | ||||||||
| Professional services revenue | 30,900 | 32,800 | 34,900 | 45,400 | 41,200 | 33,500 | 36,300 | 41,300 | 152,300 | 165,200 | ||||||||
| Total Revenue | $203,700 | $196,300 | $202,300 | $221,800 | $222,700 | $192,600 | $204,400 | $222,800 | $842,500 | $891,200 |
Selected Quarter:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
109.8%
48.2% —
Selling general and administrative
25.8% —
Cost of revenue Recurring services
19.3% —
Professional services and other
11.8% —
Product development and management
4.8% —
Depreciation and amortization
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Cost of revenue Recurring services
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50,900 | 48,700 | 49,400 | 52,800 | 52,200 | 49,300 | 54,300 | 57,500 | 213,300 | 230,000 | ||||||||
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Professional services and other
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35,300 | 34,200 | 37,600 | 42,700 | 42,600 | 37,900 | 40,200 | 43,000 | 163,700 | 172,000 | ||||||||
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Product development and management
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15,200 | 16,400 | 17,500 | 18,800 | 17,600 | 17,000 | 22,900 | 26,200 | 83,700 | 104,800 | ||||||||
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Total cost of revenue
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110,100 | 108,300 | 113,500 | 124,000 | 122,200 | 114,000 | 127,700 | 137,300 | 501,200 | 549,200 | ||||||||
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Gross profit
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$93,600 | $88,000 | $88,800 | $97,800 | $100,500 | $78,600 | $76,700 | $85,500 | $341,300 | $342,000 | ||||||||
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Selling general and administrative
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66,200 | 69,300 | 82,300 | 78,100 | 74,200 | 74,600 | 77,300 | 107,400 | 333,500 | 429,600 | ||||||||
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Depreciation and amortization
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8,700 | 9,000 | 9,000 | 9,700 | 9,800 | 9,800 | 10,300 | 10,600 | 40,500 | 42,400 | ||||||||
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Total operating expenses
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176,300 | 177,600 | 195,800 | 202,100 | 196,400 | 188,600 | 205,000 | 244,700 | 834,700 | 978,800 | ||||||||
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Total expenses
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- | - | - | - | - | - | - | - | - | - |
Selected Quarter:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
9.8%
9.8% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Quarter:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.0%
0.0% —
Other expense or income
Selected Quarter:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
9.8%
9.8% —
EBIT
Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Quarter:
31-Dec
2020
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
7.2%
2.6% —
Interest expense
4.6% —
Income tax expense or benefit
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Interest expense
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8,900 | 8,500 | 7,800 | 7,200 | 6,900 | 6,600 | 5,900 | 5,700 | 25,100 | 22,800 | ||||||||
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Income before income taxes
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16,900 | 8,700 | (2,900) | - | 16,800 | (2,900) | (6,300) | - | - | - | ||||||||
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Income (loss) from continuing operations before income taxes
Income (loss) from continuing operations before income taxes
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16,900 | - | (2,900) | 11,600 | - | - | - | - | (20,000) | - | ||||||||
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Income tax expense or benefit
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5,700 | 2,400 | (65,600) | 13,100 | 8,200 | (8,400) | (5,500) | (10,300) | (16,000) | (41,200) | ||||||||
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Income from continuing operations TEST - ODD
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11,200 | - | 62,700 | (1,500) | - | - | - | - | - | - | ||||||||
Selected Quarter:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
7.8%
7.8% —
Net income (loss)
It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
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Net income (loss)
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$11,200 | $6,300 | $62,700 | ($1,500) | $8,600 | $5,500 | ($800) | ($17,300) | ($4,000) | ($69,200) | ||||||||
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Net income (loss) attributable to non-controlling interests
Net income (loss) attributable to non-controlling interests
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- | - | - | - | - | - | - | - | - | - | ||||||||
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Net income (loss) attributable to Company
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11,200 | - | 62,700 | (1,500) | - | - | - | - | (4,000) | - |
Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Selected Quarter:
31-Dec
2020
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)