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Document and Entity Information - shares | 9 Months Ended | |
---|---|---|
Nov. 30, 2017 | Dec. 29, 2017 | |
Document And Entity Information [Abstract] | ||
Entity Registrant Name | RED HAT INC | |
Entity Central Index Key | 0001087423 | |
Current Fiscal Year End Date | --02-28 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Nov. 30, 2017 | |
Document Fiscal Year Focus | 2018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 177,004,300 |
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Red Hat Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
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The increase in deferred revenue reported on our Consolidated Balance Sheets of $35.6 million differs from the decrease of $29.0 million we reported on our Consolidated Statements of Cash Flows for the nine months ended November 30, 2017 as the amount reported on our Consolidated Statements of Cash Flows excludes the impact of changes in foreign currency exchange rates used to translate deferred revenue balances from our foreign subsidiaries functional currency into U.S. dollars and an insignificant amount of deferred revenue acquired from business combinations.
As we continue to expand our sales and support services within our geographic regions, we expect gross profit margins across geographic regions to further converge over the long run due to the similarity of products and services offered, similarity in production and distribution methods and the similarity in customer types or classes.
As of November 30, 2017, our cash, cash equivalents and available-for-sale investment securities totaled $2.32 billion, of which $1.34 billion was held outside the U.S. Our intent has been to reinvest the earnings of foreign subsidiaries indefinitely outside the U.S. to fund both organic growth and acquisitions.
To the extent the U.S. dollar weakens against foreign currencies, the translation of transactions denominated in foreign currencies results in increased revenue, as stated in U.S. dollars, for our non-U.S. operations.
The increase in interest income for the nine months ended November 30, 2017 is attributable to higher yields earned on larger cash and investment balances.
The increase in interest income...Read more
Gross profit margin on subscriptions...Read more
As we expand further within...Read more
Cash generated from operating activities...Read more
General and administrative expenses include...Read more
The increase in cash and...Read more
Gross profit margin decreased to...Read more
Gross profit margin decreased to...Read more
Gross profit margin decreased to...Read more
Historically, we also received cash...Read more
Other expense, net decreased by...Read more
At November 30, 2017, cash...Read more
Our significant cash and investment...Read more
This increase was primarily due...Read more
This increase was primarily due...Read more
Similarly, our revenue and operating...Read more
These costs include labor-related costs...Read more
Services revenue increased by 29.9%,...Read more
Services revenue increased by 26.5%,...Read more
The increase in costs to...Read more
The increase in costs to...Read more
Revenue and related year-over-year ...Read more
Our technologies are also offered...Read more
Tax expense for the nine...Read more
Tax expense for the three...Read more
Operating income as a percentage...Read more
Operating income as a percentage...Read more
Training revenue increased by 18.2%,...Read more
Training revenue increased by 17.5%,...Read more
The increase in subscription revenue...Read more
We expect services revenue to...Read more
Excluding the impact of foreign...Read more
However, in the event that...Read more
Excluding the impact of foreign...Read more
Cash used in investing activities...Read more
Training and services revenue increased...Read more
Subscription revenue increased sequentially for...Read more
This increase is primarily due...Read more
Total training and services revenue...Read more
Total training and services revenue...Read more
Revenue derived from CCSPs for...Read more
The growth rates of subscription...Read more
Subscription revenue increased 20.9%, or...Read more
Excluding the impact of foreign...Read more
These transaction costs have been...Read more
For the three months ended...Read more
We may choose to accelerate...Read more
The arrangements with our customers...Read more
Subscription revenue, which is primarily...Read more
Revenue derived from the sale...Read more
Revenue derived from the sale...Read more
Subscription revenue increased by 20.0%,...Read more
Revenue derived from the sale...Read more
Revenue derived from the sale...Read more
The increase was primarily driven...Read more
We expect the growth rate...Read more
Total deferred revenue at November...Read more
There can be no assurances...Read more
Given our historically strong operating...Read more
Based on managements provisional assessment...Read more
The effective tax rates for...Read more
The effective tax rates for...Read more
General and administrative expense decreased...Read more
We have experienced a substantial...Read more
In our fiscal year ending...Read more
These pricing vendors use the...Read more
Excluding the impact of foreign...Read more
Primarily as a result of...Read more
Primarily, as a result of...Read more
By adding Codenvy to its...Read more
Total deferred revenue increased by...Read more
Regional year-over-year variations in gross...Read more
Employee compensation expense increased by...Read more
Employee compensation expense increased by...Read more
In this Part I, Item...Read more
Interest expense increased by $0.2...Read more
Interest expense increased by $0.5...Read more
Approximately 44.4% of our revenue...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Red Hat Inc provided additional information to their SEC Filing as exhibits
Ticker: RHT
CIK: 1087423
Form Type: 10-Q Quarterly Report
Accession Number: 0001087423-18-000003
Submitted to the SEC: Mon Jan 08 2018 4:18:16 PM EST
Accepted by the SEC: Mon Jan 08 2018
Period: Thursday, November 30, 2017
Industry: Computer Programming Data Processing