Cognizant Technology Solutions Corporation (CTSH) financial statements (2021 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
SIC 7371 - Computer Programming Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7244,5754,5824,2823,4243,0773,003
Cash and cash equivalents2,6804,4364,4223,8862,6452,3431,660
Short-term investments441391603967797341,343
Receivables3,0873,1183,2083,2203,2563,4383,386
Other current assets1,040926741823931876817
Total current assets:6,8518,6198,5318,3257,6117,3917,206
Noncurrent Assets
Finance lease, right-of-use asset    161518
Operating lease, right-of-use asset1,0131,0041,002927926905847
Property, plant and equipment1,2511,3131,3451,3221,3091,3181,337
Long-term investments and receivables440441429433177980
Long-term investments440441429433177980
Intangible assets, net (including goodwill)6,0776,0185,4175,0195,0204,8864,812
Goodwill5,0314,9314,3914,0143,9793,6943,651
Intangible assets, net (excluding goodwill)1,0461,0871,0261,0051,0411,1921,161
Deferred income tax assets445563669594   
Other noncurrent assets846829823809736773767
Other undisclosed noncurrent assets    569477450
Total noncurrent assets:10,07210,1689,6859,1048,5938,4538,311
TOTAL ASSETS:16,92318,78718,21617,42916,20415,84415,517
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1732,0571,9451,5691,7671,6261,534
Accounts payable389420359289239246254
Accrued liabilities143138139131137111109
Employee-related liabilities1,6071,3771,1179521,2391,1581,063
Taxes payable34122330197152111108
Deferred revenue383285319354313265285
Debt4938244235383828
Derivative instruments and hedges, liabilities128244281615
Restructuring reserve      27
Customer refund liability    251  
Other liabilities461333358384380366363
Other undisclosed current liabilities473555322288226608572
Total current liabilities:3,5403,2963,2122,8722,9832,9192,824
Noncurrent Liabilities
Long-term debt and lease obligation1,5093,2323,2233,1641,4601,4571,413
Long-term debt, excluding current maturities6632,4122,4212,430700709718
Finance lease, liability    151416
Operating lease, liability846820802734745734679
Liabilities, other than long-term debt1,0381,119809780719723695
Accounts payable and accrued liabilities428428428478478471471
Deferred revenue36324642237163
Deferred income tax liabilities2063102831   
Other liabilities368349307229218181161
Other undisclosed noncurrent liabilities    204328
Total noncurrent liabilities:2,5474,3514,0323,9442,1992,2232,136
Total liabilities:6,0877,6477,2446,8165,1825,1424,960
Stockholders' equity
Stockholders' equity attributable to parent10,83611,14010,97210,61311,02210,70210,557
Common stock5555566
Additional paid in capital32338341333538
Accumulated other comprehensive income (loss)110(40)(188)(264)(38)(159)(70)
Retained earnings10,68911,14211,07210,83111,02210,82010,583
Total stockholders' equity:10,83611,14010,97210,61311,02210,70210,557
TOTAL LIABILITIES AND EQUITY:16,92318,78718,21617,42916,20415,84415,517

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues4,1844,2434,0004,2254,2844,2484,141
Cost of revenue
(Cost of Goods and Services Sold)
(2,662)(2,647)(2,615)(2,747)(2,749)(2,681)(2,629)
Gross profit:1,5221,5961,3851,4781,5351,5671,512
Operating expenses(1,057)(993)(918)(899)(1,284)(771)(768)
Other undisclosed operating income (loss)    375(127)(125)
Operating income:465603467579626669619
Nonoperating income (expense)22128(69) (11)57
Investment income, nonoperating14273741404345
Foreign currency transaction gain (loss), before tax(11)(1)(2)(102)(36)(47)16
Other nonoperating income (expense)212(2)2 2
Interest and debt expense(3)(6)(9)(6)(6)(7)(6)
Other undisclosed income from continuing operations before equity method investments, income taxes3696676
Income from continuing operations before equity method investments, income taxes:467624495510626658676
Loss from equity method investments   (1)(57)(1) 
Other undisclosed income from continuing operations before income taxes1      
Income from continuing operations before income taxes:468624495509569657676
Income tax expense(152)(276)(134)(142)(174)(160)(167)
Net income available to common stockholders, diluted:316348361367395497509

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:316348361367395497509
Other comprehensive income (loss) 14876(226) (89)4
Other undisclosed comprehensive income148   76  
Comprehensive income:464496437141471408513
Other undisclosed comprehensive income, net of tax, attributable to parent2   45  
Comprehensive income, net of tax, attributable to parent:466496437141516408513

Statements sources

The financial statements are based on the company's filings with the 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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