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Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 1,362.6 $ 1,328.7 $ 2,725.3 $ 2,623.7
Cost of revenues:        
Total cost of revenues 721.5 704.4 1,447.2 1,379.6
Gross profit 641.1 624.3 1,278.1 1,244.1
Operating expenses:        
Selling and marketing 137.1 139.3 276.9 250.2
Research and development 119.6 118.4 237.8 224.2
General and administrative 96.2 121.0 195.1 232.3
Total operating expenses 352.9 378.7 709.8 706.7
Operating income 288.2 245.6 568.3 537.4
Interest expense, net (118.0) (67.7) (229.9) (117.0)
Other income (expense), net 14.9 (20.4) 20.3 (29.4)
Equity in earnings of unconsolidated affiliates, net 9.4 1.1 15.1 2.4
Loss on extinguishment of debt 0.0 (3.1) (0.6) (3.1)
Income before income taxes 194.5 155.5 373.2 390.3
Provision for income taxes 63.6 45.2 116.1 108.7
Net income 130.9 110.3 257.1 281.6
Net (income) loss attributable to noncontrolling interest (0.2) 0.3 (0.4) 1.1
Net income attributable to SS&C common stockholders $ 130.7 $ 110.6 $ 256.7 $ 282.7
Basic earnings per share attributable to SS&C common stockholders $ 0.53 $ 0.43 $ 1.03 $ 1.11
Diluted earnings per share attributable to SS&C common stockholders $ 0.51 $ 0.42 $ 1 $ 1.06
Basic weighted-average number of common shares outstanding 248,500,000 254,900,000 249,500,000 255,300,000
Diluted weighted-average number of common and common equivalent shares outstanding 255,000,000 263,900,000 256,000,000 265,500,000
Net income $ 130.9 $ 110.3 $ 257.1 $ 281.6
Other comprehensive income (loss), net of tax:        
Change in unrealized gain on interest rate swaps 0.0 0.3 0.0 1.5
Foreign currency exchange translation adjustment 66.2 (235.1) 108.2 (263.4)
Change in defined benefit pension obligation (0.1) 0.0 0.0 (1.1)
Total other comprehensive income (loss), net of tax 66.1 (234.8) 108.2 (263.0)
Comprehensive income (loss) 197.0 (124.5) 365.3 18.6
Comprehensive (income) loss attributable to noncontrolling interest (0.2) 0.3 (0.4) 1.1
Comprehensive income (loss) attributable to SS&C common stockholders 196.8 (124.2) 364.9 19.7
Software-enabled Services [Member]        
Revenues:        
Total revenues 1,106.5 1,070.7 2,220.7 2,155.9
Cost of revenues:        
Total cost of revenues 628.6 610.3 1,259.6 1,205.8
License, Maintenance and Related [Member]        
Revenues:        
Total revenues 256.1 258.0 504.6 467.8
Cost of revenues:        
Total cost of revenues $ 92.9 $ 94.1 $ 187.6 $ 173.8