Igate Corp (IGTE) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1000 COMMERCE DRIVE PITTSBURGH, PA 15275 |
| State of Incorp. | PA |
| 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)
| 3/31/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 187 | 386 | 606 | |||
| Cash and cash equivalents | 104 | 205 | 95 | |||
| Short-term investments | 82 | 181 | 511 | |||
| Restricted cash and investments | 5 | |||||
| Receivables | 244 | 219 | 235 | |||
| Prepaid expense | 8 | 8 | ✕ | |||
| Deferred costs | 3 | 14 | 8 | |||
| Derivative instruments and hedges, assets | 3 | 1 | 1 | |||
| Deposits current assets | 3 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 32 | ||
| Deferred tax assets | (15) | |||||
| Other current assets | 5 | 4 | ✕ | |||
| Other undisclosed current assets | 39 | 394 | 33 | |||
| Total current assets: | 498 | 1,026 | 900 | |||
| Noncurrent Assets | ||||||
| Nontrade receivables | 31 | ✕ | ✕ | |||
| Property, plant and equipment | 234 | 166 | 167 | |||
| Intangible assets, net (including goodwill) | 533 | 558 | 638 | |||
| Goodwill | 430 | 439 | 493 | |||
| Intangible assets, net (excluding goodwill) | 103 | 119 | 144 | |||
| Deposits noncurrent assets | 19 | 25 | ||||
| Deferred costs | 12 | |||||
| Other noncurrent assets | 6 | ✕ | ||||
| Deferred tax assets, net | (25) | |||||
| Other undisclosed noncurrent assets | 90 | 107 | 196 | |||
| Total noncurrent assets: | 908 | 873 | 976 | |||
| TOTAL ASSETS: | 1,406 | 1,899 | 1,876 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 98 | 71 | 68 | |||
| Interest and dividends payable | 4 | |||||
| Taxes payable | 6 | 5 | 6 | |||
| Employee-related liabilities | 48 | 57 | 55 | |||
| Accounts payable | 11 | 9 | 8 | |||
| Accrued liabilities | 30 | |||||
| Debt | 127 | 503 | 112 | |||
| Derivative instruments and hedges, liabilities | 1 | 1 | 8 | |||
| Deferred revenue and credits | 18 | 18 | 18 | |||
| Other liabilities | 8 | 5 | ||||
| Other undisclosed current liabilities | 29 | 75 | 82 | |||
| Total current liabilities: | 281 | 673 | 288 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 560 | 681 | 1,034 | |||
| Long-term debt, excluding current maturities | 559 | 680 | 1,034 | |||
| Capital lease obligations | 1 | 1 | 1 | |||
| Liabilities, other than long-term debt | 48 | 59 | 76 | |||
| Accounts payable and accrued liabilities | 8 | |||||
| Accrued income taxes | ✕ | ✕ | 14 | 17 | ||
| Deferred tax liabilities, net | 33 | 42 | 55 | |||
| Other liabilities | 6 | 4 | 3 | |||
| Other undisclosed noncurrent liabilities | (1) | (1) | (1) | |||
| Total noncurrent liabilities: | 607 | 739 | 1,110 | |||
| Total liabilities: | 887 | 1,412 | 1,398 | |||
| Temporary equity, carrying amount | 32 | |||||
| Equity | ||||||
| Equity, attributable to parent | 515 | 72 | 68 | |||
| Common stock | 1 | 1 | 1 | |||
| Treasury stock, value | (15) | (15) | (15) | |||
| Additional paid in capital | 671 | 204 | 185 | |||
| Accumulated other comprehensive loss | (410) | (387) | (275) | |||
| Retained earnings | 268 | 269 | 171 | |||
| Equity, attributable to noncontrolling interest | 4 | 5 | ||||
| Total equity: | 519 | 77 | 68 | |||
| Other undisclosed liabilities and equity | 410 | 378 | ||||
| TOTAL LIABILITIES AND EQUITY: | 1,406 | 1,899 | 1,876 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 1,268 | 1,151 | 1,074 | ||
| Cost of revenue | (812) | (698) | (650) | ||
| Gross profit: | 457 | 453 | 424 | ||
| Operating expenses | (240) | (224) | (220) | ||
| Other undisclosed operating income (loss) | 3 | (2) | 2 | ||
| Operating income: | 220 | 227 | 206 | ||
| Nonoperating income | 39 | 74 | 36 | ||
| Investment income, nonoperating | 11 | 33 | 27 | ||
| Gain (loss), foreign currency transaction, before tax | 11 | (4) | (20) | ||
| Other nonoperating income | 16 | 45 | 28 | ||
| Interest and debt expense | (102) | (88) | (84) | ||
| Income from continuing operations before equity method investments, income taxes: | 158 | 214 | 158 | ||
| Other undisclosed loss from continuing operations before income taxes | (11) | (33) | (27) | ||
| Income from continuing operations before income taxes: | 147 | 180 | 131 | ||
| Income tax expense | (36) | (50) | (31) | ||
| Income from continuing operations: | 110 | 130 | 100 | ||
| Income before gain (loss) on sale of properties: | 110 | 130 | 100 | ||
| Net income: | 110 | 130 | 100 | ||
| Net loss attributable to noncontrolling interest | (0) | (0) | (4) | ||
| Net income attributable to parent: | 110 | 130 | 96 | ||
| Preferred stock dividends and other adjustments | (31) | (32) | (29) | ||
| Net income available to common stockholders, diluted: | 79 | 98 | 66 | ||
Comprehensive Income ($ in millions)
| 3/31/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income: | 110 | 130 | 100 | ||
| Other undisclosed comprehensive loss | (54) | (146) | (46) | ||
| Comprehensive income (loss): | 56 | (16) | 54 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (2) | 4 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3 | (9) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 56 | (15) | 50 | ||
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.