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)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2432,6352,3682,0952,4812,501
Cash and cash equivalents2,2312,6212,2042,0552,4582,191
Short-term investments12141644023310
Receivables3,8223,8493,8073,7553,7183,796
Other current assets1,0211,0229521,1011,029969
Total current assets:7,0867,5067,1276,9517,2287,266
Noncurrent Assets
Operating lease, right-of-use asset589611718788842876
Property, plant and equipment1,0361,0481,0481,0871,1021,101
Long-term investments and receivables83435432425424427
Long-term investments83435432425424427
Intangible assets, net (including goodwill)7,5647,2347,1877,2937,3026,878
Goodwill6,3936,0856,0136,0656,0405,710
Intangible assets, net (excluding goodwill)1,1711,1491,1741,2281,2621,168
Deferred income tax assets993993935762666642
Other noncurrent assets1,057656632661583662
Total noncurrent assets:11,32210,97710,95211,01610,91910,586
TOTAL ASSETS:18,40818,48318,07917,96718,14717,852
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6322,0211,9941,8222,0402,188
Accounts payable291337325318332360
Accrued liabilities1,3411,6841,6691,5041,7081,828
Deferred revenue449385302380469398
Debt334133241613
Other liabilities464500464412372357
Other undisclosed current liabilities434386398418424391
Total current liabilities:3,0123,3333,1913,0563,3213,347
Noncurrent Liabilities
Long-term debt and lease obligation598606614622630638
Long-term debt, excluding current maturities598606614622630638
Liabilities, other than long-term debt1,3081,3171,3921,3861,5351,558
Accounts payable and accrued liabilities 157157157157283283
Deferred revenue364234303219
Deferred income tax liabilities201226220220215180
Other liabilities411369347315317362
Operating lease, liability503523634664688714
Total noncurrent liabilities:1,9061,9232,0062,0082,1652,196
Total liabilities:4,9185,2565,1975,0645,4865,543
Equity
Equity, attributable to parent13,49013,22712,88212,90312,66112,309
Common stock555555
Additional paid in capital201516172215
Accumulated other comprehensive loss(156)(94)(285)(141)(222)(299)
Retained earnings13,62113,30113,14613,02212,85612,588
Total equity:13,49013,22712,88212,90312,66112,309
TOTAL LIABILITIES AND EQUITY:18,40818,48318,07917,96718,14717,852

Income Statement (P&L) ($ in millions)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
Revenues4,7604,7584,8974,8864,8124,839
Cost of revenue
(Cost of Goods and Services Sold)
(3,146)(3,081)(3,209)(3,231)(3,143)(3,152)
Gross profit:1,6141,6771,6881,6551,6691,687
Operating expenses(919)(953)(1,002)(1,078)(967)(1,001)
Operating income:695724686577702686
Nonoperating income272527103628
Investment income, nonoperating3034323030 
Gain (loss), foreign currency transaction, before tax6(1) (9)12 
Other nonoperating income (expense)236(1)3 
Interest and debt expense(11)(11)(11)(10)(9)(8)
Other undisclosed income from continuing operations before equity method investments, income taxes1111111098
Income from continuing operations before equity method investments, income taxes:722749713587738714
Income from equity method investments343   
Income from continuing operations before income taxes:725753716587738714
Income tax expense(179)(195)(191)(124)(158)(193)
Net income available to common stockholders, diluted:546558525463580521

Comprehensive Income ($ in millions)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
Net income:546558525463580521
Other comprehensive income (loss)(62) (144)8177 
Other undisclosed comprehensive income (loss)  205   (336)
Comprehensive income:484763381544657185
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (14)   548
Comprehensive income, net of tax, attributable to parent:484749381544657733

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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