Fair Isaac Corp. Files Q3 2024 10-Q Report
Ticker: FICO · Form: 10-Q · Filed: Jul 31, 2024 · CIK: 814547
| Field | Detail |
|---|---|
| Company | Fair Isaac CORP (FICO) |
| Form Type | 10-Q |
| Filed Date | Jul 31, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01, $300 Million, $450 Million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
FICO's Q3 2024 10-Q is in! Check financials for the period ending June 30.
AI Summary
Fair Isaac Corp. (FICO) filed its 10-Q for the period ending June 30, 2024. The filing covers the third quarter of their fiscal year. Key financial data and operational details for this period are presented, reflecting the company's performance in its core business segments.
Why It Matters
This report provides investors and analysts with a detailed look at FICO's financial health and operational performance during the third quarter of fiscal year 2024, influencing investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- FAIR ISAAC CORP (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240731 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on July 31, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0000814547.
What is the Standard Industrial Classification (SIC) code for Fair Isaac Corp?
The SIC code for Fair Isaac Corp is 7389, which falls under SERVICES-BUSINESS SERVICES, NEC.
What is the fiscal year end for Fair Isaac Corp?
The fiscal year end for Fair Isaac Corp is September 30.
Filing Stats: 4,741 words · 19 min read · ~16 pages · Grade level 16.4 · Accepted 2024-07-31 16:16:14
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share FICO New York Stock
- $300 Million — olving line of credit $ — $ 35,000 The $300 Million Term Loan 15,000 15,000 Current maturi
- $450 Million — Million Term Loan 247,500 258,750 The $450 Million Term Loan 450,000 — The 2018 Senior No
Filing Documents
- fico-20240630.htm (10-Q) — 1539KB
- ficoex311q32024.htm (EX-31.1) — 10KB
- ficoex312q32024.htm (EX-31.2) — 9KB
- ficoex321q32024.htm (EX-32.1) — 4KB
- ficoex322q32024.htm (EX-32.2) — 4KB
- 0000814547-24-000024.txt ( ) — 6849KB
- fico-20240630.xsd (EX-101.SCH) — 33KB
- fico-20240630_cal.xml (EX-101.CAL) — 51KB
- fico-20240630_def.xml (EX-101.DEF) — 166KB
- fico-20240630_lab.xml (EX-101.LAB) — 489KB
- fico-20240630_pre.xml (EX-101.PRE) — 340KB
- fico-20240630_htm.xml (XML) — 1239KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Unaudited Financial Statements
Item 1. Unaudited Financial Statements 1
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 30
Controls and Procedures
Item 4. Controls and Procedures 32
– OTHER INFORMATION
PART II – OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 33
Risk Factors
Item 1A. Risk Factors 33
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 33
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 33
Other Information
Item 5. Other Information 33
Exhibits
Item 6. Exhibits 34
Signatures
Signatures 35 i Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Unaudited Financial Statements
Item 1. Unaudited Financial Statements FAIR ISAAC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) June 30, 2024 September 30, 2023 (In thousands, except par value data) Assets Current assets: Cash and cash equivalents $ 156,043 $ 136,778 Accounts receivable, net 437,637 387,947 Prepaid expenses and other current assets 37,455 31,723 Total current assets 631,135 556,448 Marketable securities 42,779 33,014 Other investments 1,255 1,223 Property and equipment, net 34,128 10,966 Operating lease right-of-use assets 26,087 25,703 Goodwill 776,714 773,327 Intangible assets, net 92 917 Deferred income taxes 78,227 59,136 Other assets 118,414 114,547 Total assets $ 1,708,831 $ 1,575,281 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable $ 22,489 $ 19,009 Accrued compensation and employee benefits 92,731 102,471 Other accrued liabilities 57,737 59,478 Deferred revenue 149,259 136,730 Current maturities on debt 15,000 50,000 Total current liabilities 337,216 367,688 Long-term debt 2,104,943 1,811,658 Operating lease liabilities 18,420 23,903 Other liabilities 77,558 60,022 Total liabilities 2,538,137 2,263,271 Commitments and contingencies Stockholders' deficit: Preferred stock ($ 0.01 par value; 1,000 shares authorized; none issued and outstanding) — — Common stock ($ 0.01 par value; 200,000 shares authorized, 88,857 shares issued and 24,564 and 24,770 shares outstanding at June 30, 2024 and September 30, 2023, respectively) 246 248 Additional paid-in-capital 1,320,717 1,350,713 Treasury stock, at cost ( 64,293 and 64,087 shares at June 30, 2024 and September 30, 2023, respectively) ( 5,813,751 ) ( 5,324,865 ) Retained earnings 3,765,179 3,388,059 Accumulated other comprehensive loss ( 101,697 ) ( 102,145 ) Total stockholders' deficit ( 829,306 ) ( 687,990 ) Total liabilities and stockholders' deficit $ 1,708,831 $ 1,575,281 See accompanying notes. 1 Table of Contents FAIR ISAAC CORPO