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Blucora - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Blucora (ISIN: US0952291005, WKN: A1JZBJ) Kursdatum: 21.07.2017 Kurs: 20,700 USD
Beschreibung Daten
Symbol BCOR
Marktkapitalisierung 858.925.824,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ Comp.
Sektor Telekommunikation
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 2002-09-13 - 1:10 | 2000-04-07 - 2:1 | 2000-01-05 - 2:1 | 1999-05-05 - 2:1 |
Internet
Letztes Bilanz Update 28.02.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
12,74 12,06 0,00% -6,37 40,78 -13,19 1,88 2,06

Firmenbeschreibung

Firmenstrategie

Principles of consolidation: The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany accounts and transactions have been eliminated.Redeemable non-controlling interests: Non-controlling interests that are redeemable at the option of the holder and not solely within the control of the issuer are classified outside of stockholders' equity. In connection with the acquisition of HD Vest, management of that business has retained an ownership interest. The Company is party to put and call arrangements with respect to these interests. These put and call arrangements allow HD Vest management to require the Company to purchase their interests or allow the Company to acquire such interests, respectively. The put arrangements do not meet the definition of a derivative instrument as the put agreements do not provide for net settlement. To the extent that the redemption value of these interests exceeds the value determined by adjusting the carrying value for the subsidiary's attribution of net income (loss), the value of such interests is adjusted to the redemption value with a corresponding adjustment to additional paid-in capital.

RevenueRecognitionPolicyTextBlock

Revenue recognition, general:  The Company recognizes revenue when all four revenue recognition criteria have been met: persuasive evidence of an arrangement exists, the Company has delivered the product or performed the service, the fee is fixed or determinable, and collectibility is probable. Determining whether and when these criteria have been satisfied involves exercising judgment and using estimates and assumptions that can have an impact on the timing and amount of revenue that the Company recognizes.

The Company evaluates whether revenue should be presented on a gross basis, which is the amount that a customer pays for the service or product, or on a net basis, which is the customer payment less amounts the Company pays to suppliers. In making that evaluation, the Company primarily considers indicators such as whether the Company is the primary obligor in the arrangement and assumes the risks and rewards as a principal in the customer transaction. The evaluation of these factors, which at times can be contradictory, are subject to significant judgment and subjectivity.

SegmentReportingDisclosureTextBlock

The Company has two reportable segments: the Wealth Management segment and the Tax Preparation segment. The Wealth Management segment consists of the HD Vest business, which was acquired on December 31, 2015, and, accordingly, has no operating activities recorded in Blucora's 2015 results of operations. HD Vest will be included in Blucora's results of operations beginning on January 1, 2016. As a result of the Strategic Transformation and planned divestitures of the Search and Content and E-Commerce segments, those former segments are included in discontinued operations. The Company’s chief executive officer is its chief operating decision maker and reviews financial information presented on a disaggregated basis. This information is used for purposes of allocating resources and evaluating financial performance.

The Company does not allocate certain general and administrative costs (including personnel and overhead costs), stock-based compensation, depreciation, and amortization of intangible assets to the reportable segments. Such amounts are reflected in the table under the heading "Corporate-level activity." In addition, the Company does not allocate other loss, net and income taxes to the reportable segments. The Company does not account for, and does not report to management, its assets or capital expenditures by segment other than goodwill and intangible assets used for impairment analysis purposes.

Information on the reportable segments currently presented to the Company’s chief operating decision maker and a reconciliation to consolidated net income are presented below (in thousands):

 
Years ended December 31,
 
2015

2014
 
2013
Revenue:





Tax Preparation
$
117,708

 
$
103,719

 
$
91,213

Operating income (loss):
 
 
 
 
 
Tax Preparation
56,984

 
49,696

 
40,599

Corporate-level activity
(61,791
)
 
(45,093
)
 
(44,077
)
Total operating income (loss)
(4,807
)
 
4,603

 
(3,478
)
Other loss, net
(12,542
)
 
(13,489
)
 
(29,568
)
Loss from continuing operations before income taxes
(17,349
)
 
(8,886
)
 
(33,046
)
Income tax benefit
4,623

 
3,342

 
7,385

Loss from continuing operations
(12,726
)
 
(5,544
)
 
(25,661
)
Discontinued operations, net of income taxes
(27,348
)
 
(30,003
)
 
50,060

Net income (loss)
$
(40,074
)
 
$
(35,547
)
 
$
24,399

EarningsPerSharePolicyTextBlock


"Basic net income (loss) per share" is computed using the weighted average number of shares outstanding during the period. "Diluted net income (loss) per share" is computed using the weighted average number of shares outstanding plus the number of dilutive potential shares outstanding during the period. Dilutive potential shares consist of the incremental shares issuable upon the exercise of outstanding stock options, vesting of unvested RSUs, exercise of the Warrant (for 2013), and conversion or maturity of the Notes. Dilutive potential shares are excluded from the computation of earnings per share if their effect is antidilutive.