Cognizant Technology Solutions Corporation (CTSH) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 FRANK W. BURR BLVD., STE. 36, 6 FL.
TEANECK, NJ 07666
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6352,5012,7192,7243,4244,511
Cash and cash equivalents2,6212,1911,7922,6802,6451,161
Short-term investments14310927447793,350
Receivables3,8493,7963,5573,0873,2563,257
Other current assets1,0229691,0661,040931909
Total current assets:7,5067,2667,3426,8517,6118,677
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     16✕
Operating lease, right-of-use asset6118769331,013926✕
Property, plant and equipment1,0481,1011,1711,2511,3091,394
Long-term investments and receivables4354274634401780
Long-term investments4354274634401780
Intangible assets, net (including goodwill)7,2346,8786,8386,0775,0204,631
Goodwill6,0855,7105,6205,0313,9793,481
Intangible assets, net (excluding goodwill)1,1491,1681,2181,0461,0411,150
Deferred income tax assets993642404445 ✕
Other noncurrent assets656662701846736689
Other undisclosed noncurrent assets     569442
Total noncurrent assets:10,97710,58610,51010,0728,5937,236
TOTAL ASSETS:18,48317,85217,85216,92316,20415,913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0212,1882,2562,1731,7671,703
Taxes payable✕✕✕7434152162
Employee-related liabilities✕✕✕1,6011,6071,2391,216
Accounts payable337360361389239215
Accrued liabilities1,6841,828220143137110
Deferred revenue385398403383313✕
Debt41134649389
Derivative instruments and hedges, liabilities    1825
Customer refund liability     251 
Other liabilities500357395461380369
Other undisclosed current liabilities386391429473226671
Total current liabilities:3,3333,3473,5293,5402,9832,777
Noncurrent Liabilities
Long-term debt and lease obligation6066381,4091,5091,460736
Long-term debt, excluding current maturities606638626663700736
Finance lease, liability     15✕
Liabilities, other than long-term debt1,3171,5589231,038719914
Accounts payable and accrued liabilities 157283378428478478
Deferred revenue4219403623✕
Deferred tax liabilities, net✕✕✕✕✕✕183
Deferred income tax liabilities226180218206 ✕
Other liabilities369362287368218253
Operating lease, liability523714783846745✕
Other undisclosed noncurrent liabilities     2062
Total noncurrent liabilities:1,9232,1962,3322,5472,1991,712
Total liabilities:5,2565,5435,8616,0875,1824,489
Equity
Equity, attributable to parent13,22712,30911,99110,83611,02211,424
Common stock555556
Additional paid in capital151527323347
Accumulated other comprehensive income (loss)(94)(299)37110(38)(114)
Retained earnings13,30112,58811,92210,68911,02211,485
Total equity:13,22712,30911,99110,83611,02211,424
TOTAL LIABILITIES AND EQUITY:18,48317,85217,85216,92316,20415,913

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues19,35319,42818,50716,65216,78316,125
Cost of revenue
(Cost of Goods and Services Sold)		(12,664)(12,448)(11,604)(10,671)(10,634) 
Gross profit:6,6896,9806,9035,9816,14916,125
Operating expenses(4,000)(4,012)(4,077)(3,867)(3,696)(3,026)
Other undisclosed operating loss      (10,298)
Operating income:2,6892,9682,8262,1142,4532,801
Nonoperating income (expense)98481(18)90(4)
Investment income, nonoperating1265930119176177
Gain (loss), foreign currency transaction, before tax27(20)(116)(65)(152)
Other nonoperating income (expense)111 35(2)
Interest and debt expense(41)(19)(9)(24)(26)(27)
Other undisclosed income from continuing operations before equity method investments, income taxes41199242627
Income from continuing operations before equity method investments, income taxes:2,7873,0162,8272,0962,5432,797
Income (loss) from equity method investments743 (58)2
Income from continuing operations before income taxes:2,7943,0202,8302,0962,4852,799
Income tax expense(668)(730)(693)(704)(643)(698)
Income from continuing operations:2,1262,2902,1371,3921,8422,101
Income before gain (loss) on sale of properties:✕✕✕2,1371,3921,8422,101
Net income available to common stockholders, diluted:2,1262,2902,1371,3921,8422,101

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:2,1262,2902,1371,3921,8422,101
Other comprehensive income (loss)205(336)(73)14876(183)
Other undisclosed comprehensive income      
Comprehensive income:2,3311,9542,0641,5401,9181,918
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:2,3311,9542,0641,5401,9181,918

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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