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CIK 1793294

PPD, Inc.
CIK 0001793294 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
37.1
composite ยท 4 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2020-12-31 ยท ELEVATED48.0

Tax arbitrage

ETR 10.0% vs 21% statutory โ€” gap persistent across 2 of 3 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2021-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2020-12-31": 0.1003,
    "2019-12-31": 0.0499,
    "2018-12-31": 0.2699
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2020-12-31": 0.1097,
    "2019-12-31": 0.1601,
    "2018-12-31": -0.0599
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2020-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1793294/000179329421000009/0001793294-21-000009-index.htm",
    "form": "10-K",
    "filed": "2021-02-26"
  }
}
P-01 ยท FY 2020-12-31 ยท CLEAN13.9

Earnings quality

Beneish M-Score -3.02 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2021-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.015,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 1,
    "AQI": 0.885,
    "SGI": 1.161,
    "DEPI": 1,
    "SGAI": 0.926,
    "LVGI": 2.752,
    "TATA": -0.016
  },
  "defaulted_to_neutral": [
    "DSRI",
    "GMI",
    "DEPI"
  ],
  "sloan_accruals": -0.0165,
  "inputs": {
    "revenue_t": 4681474000,
    "revenue_t1": 4031017000,
    "total_assets_t": 6293843000,
    "net_income_t": 153691000,
    "cfo_t": 251334000
  },
  "stale": false,
  "latest_filing_period": "2020-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1793294/000179329421000009/0001793294-21-000009-index.htm",
    "form": "10-K",
    "filed": "2021-02-26"
  }
}
P-07 ยท FY 2020-12-31 ยท CLEAN2.3

Pension underfunding

DB plan 99% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2021-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 113800000,
  "plan_assets": 112500000,
  "funded_ratio": 0.9886,
  "deficit": -1300000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2020-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1793294/000179329421000009/0001793294-21-000009-index.htm",
    "form": "10-K",
    "filed": "2021-02-26"
  }
}
P-12 ยท FY 2020-12-31 ยท CLEAN19.1

Restatement predictor

F-Score 0.57 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2021-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.572,
  "probability": 0.00212,
  "components": {
    "rsst": -0.0165,
    "drec": null,
    "dinv": null,
    "soft": 0.878,
    "dcs": 0.1614,
    "droa": 0.0158,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2020-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1793294/000179329421000009/0001793294-21-000009-index.htm",
    "form": "10-K",
    "filed": "2021-02-26"
  }
}