XML 58 R50.htm IDEA: XBRL DOCUMENT v3.22.0.1

Product and Geographic Sales Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Revenue by reportable segment

The tables below show the Company’s disaggregated revenue for the periods presented:

			Three Months Ended March 31,
			2021						2020
Subscription revenues			$	235,092					$	193,235
Transactional revenues			84,177						49,239
Re-occurring revenues			112,185						—
Total revenues, gross			431,454						242,474
Deferred revenues adjustment(1)			(3,024)						(1,882)
Total revenues, net			$	428,430					$	240,592
(1) Reflects the deferred revenue adjustment as a result of purchase accounting.

The following table summarizes revenue by reportable segment for the periods indicated:

			Three Months Ended March 31,
			2021						2020
Science Segment			$	191,288					$	145,694
Intellectual Property Segment			237,142						94,898
Total Revenues			$	428,430					$	240,592

Schedule of Segment Reporting Information, by Segment

Adjusted EBITDA by segment

The following table presents segment profitability and a reconciliation to net income for the periods indicated:

						Three Months Ended March 31,
						2021 (As Restated)						2020 (As Restated)
Science Segment Adjusted EBITDA						$	90,594					$	63,954
Intellectual Property Segment Adjusted EBITDA						74,239						14,268
Total Adjusted EBITDA						$	164,833					$	78,222
Benefit (provision) for income taxes						(263)						(14,753)
Depreciation and amortization						(131,654)						(51,441)
Interest, net						(37,393)						(30,940)
Transition services agreement costs						—						(1,551)
Transition, transformation and integration expense						(46)						(2,228)
Deferred revenues adjustment						(3,024)						(1,882)
Transaction related costs						22,924						(26,689)
Share-based compensation expense						(39,020)						(17,469)
Restructuring and impairment						(67,895)						(7,754)
Mark to market adjustment on financial instruments						51,215						(55,632)
Other						(15,628)						2,484
Net income attributable to Clarivate						$	(55,951)					$	(129,633)

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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