Cognizant Technology Solutions Corporation (CTSH) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7192,4131,8502,1582,7244,5754,582
Cash and cash equivalents1,7921,6641,3681,9732,6804,4364,422
Short-term investments92774948218544139160
Receivables3,5573,5103,4193,2323,0873,1183,208
Other current assets1,0661,0721,1821,2051,040926741
Total current assets:7,3426,9956,4516,5956,8518,6198,531
Noncurrent Assets
Operating lease, right-of-use asset9339561,0049801,0131,0041,002
Property, plant and equipment1,1711,1791,2251,2501,2511,3131,345
Long-term investments and receivables463466433439440441429
Long-term investments463466433439440441429
Intangible assets, net (including goodwill)6,8386,6496,6766,3296,0776,0185,417
Goodwill5,6205,4515,4575,2195,0314,9314,391
Intangible assets, net (excluding goodwill)1,2181,1981,2191,1101,0461,0871,026
Deferred income tax assets404282308307445563669
Other noncurrent assets701705732760846829823
Total noncurrent assets:10,51010,23710,37810,06510,07210,1689,685
TOTAL ASSETS:17,85217,23216,82916,66016,92318,78718,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2562,1532,0191,8672,1732,0571,945
Accounts payable361351351349389420359
Accrued liabilities220189171148143138139
Employee-related liabilities1,6011,5781,4721,3591,6071,3771,117
Taxes payable7435251134122330
Deferred revenue403312356403383285319
Debt463838384938244
Derivative instruments and hedges, liabilities    12824
Other liabilities395349308376461333358
Other undisclosed current liabilities429467462466473555322
Total current liabilities:3,5293,3193,1833,1503,5403,2963,212
Noncurrent Liabilities
Long-term debt and lease obligation1,4091,4401,4871,4751,5093,2323,223
Long-term debt, excluding current maturities6266366456546632,4122,421
Operating lease, liability783804842821846820802
Liabilities, other than long-term debt9239279549981,0381,119809
Accounts payable and accrued liabilities378378378428428428428
Deferred revenue40373332363246
Deferred income tax liabilities21821423020420631028
Other liabilities287298313334368349307
Total noncurrent liabilities:2,3322,3672,4412,4732,5474,3514,032
Total liabilities:5,8615,6865,6245,6236,0877,6477,244
Stockholders' equity
Stockholders' equity attributable to parent11,99111,54611,20511,03710,83611,14010,972
Common stock5555555
Additional paid in capital27293244323383
Accumulated other comprehensive income (loss)37338281110(40)(188)
Retained earnings11,92211,47911,08610,90710,68911,14211,072
Total stockholders' equity:11,99111,54611,20511,03710,83611,14010,972
TOTAL LIABILITIES AND EQUITY:17,85217,23216,82916,66016,92318,78718,216

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues4,7774,7444,5854,4014,1844,2434,000
Cost of revenue
(Cost of Goods and Services Sold)
(3,030)(2,947)(2,863)(2,764)(2,662)(2,647)(2,615)
Gross profit:1,7471,7971,7221,6371,5221,5961,385
Operating expenses(1,015)(1,068)(1,026)(968)(1,057)(993)(918)
Operating income:732729696669465603467
Nonoperating income (expense)52(2)(4)22128
Investment income, nonoperating 779142737
Foreign currency transaction loss, before tax (3)(7)(9)(11)(1)(2)
Other nonoperating income (expense) 1 (2)212
Interest and debt expense(2)(3)(2)(2)(3)(6)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes2322369
Income from continuing operations before equity method investments, income taxes:737731694665467624495
Income from equity method investments1 2    
Other undisclosed income from continuing operations before income taxes    1  
Income from continuing operations before income taxes:738731696665468624495
Income tax expense(162)(187)(184)(160)(152)(276)(134)
Net income available to common stockholders, diluted:576544512505316348361

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:576544512505316348361
Other comprehensive income (loss) (49)1(29) 14876
Other undisclosed comprehensive income (loss)(73)   148  
Comprehensive income:503495513476464496437
Other undisclosed comprehensive income, net of tax, attributable to parent77   2  
Comprehensive income, net of tax, attributable to parent:580495513476466496437

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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