Igate Corp (IGTE) Financial Statements (2024 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 thousands)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments186,670162,958279,371400,140386,237446,805
Cash and cash equivalents104,184130,204128,507237,944204,836141,979
Short-term investments82,48632,754150,864162,196181,401304,826
Restricted cash and investments5,305     
Receivables243,993251,248248,416235,437219,329230,657
Prepaid expense8,26213,24820,5449,8007,7868,330
Deferred costs 3,369   14,484 
Derivative instruments and hedges, assets3,2004,9125,7566,6718367,580
Deposits current assets 2,924     
Other current assets 5,321   3,741 
Other undisclosed current assets38,96247,49948,881425,881393,60058,238
Total current assets:498,006479,865602,9681,077,9291,026,013751,610
Noncurrent Assets
Nontrade receivables31,47932,138  
Property, plant and equipment234,041220,964201,400180,917165,581155,154
Intangible assets, net (including goodwill)533,246550,573567,808573,205558,153553,386
Goodwill430,250439,175450,655452,911438,891433,184
Intangible assets, net (excluding goodwill)102,996111,398117,153120,294119,262120,202
Deposits noncurrent assets19,46920,29322,48023,68124,930 
Restricted cash and investments      
Deferred costs     11,742 
Other noncurrent assets     5,634 
Other undisclosed noncurrent assets89,96290,884125,912128,203106,669140,504
Total noncurrent assets:908,197914,852917,600906,006872,709849,044
TOTAL ASSETS:1,406,2031,394,7171,520,5681,983,9351,898,7221,600,654
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities97,962125,96561,62662,34371,15872,079
Interest and dividends payable 3,529     
Taxes payable5,7203,8613,0492,7944,79710,042
Employee-related liabilities47,63845,79848,30146,06057,09353,822
Accounts payable11,16810,20810,27613,4899,2688,215
Accrued liabilities29,90766,098    
Debt126,57252,000142,000912,000502,513129,500
Derivative instruments and hedges, liabilities 1,2871,159583159098,071
Deferred revenue and credits17,78718,40619,45513,25417,77615,115
Other liabilities 7,866   4,964 
Other undisclosed current liabilities 29,214 76,499101,23275,313104,284
Total current liabilities:280,688197,530300,1631,088,844672,633329,049
Noncurrent Liabilities
Long-term debt and lease obligation559,938559,000595,000270,000680,693770,000
Long-term debt, excluding current maturities559,000559,000595,000270,000680,000770,000
Capital lease obligations 938   693 
Liabilities, other than long-term debt47,69959,70760,70363,62059,18571,106
Accounts payable and accrued liabilities8,00018,261    
Accrued income taxes20,08422,11713,93619,590
Deferred tax liabilities, net33,36335,26135,19937,31541,71748,299
Other liabilities6,3366,1855,4204,1883,5323,217
Other undisclosed noncurrent liabilities (938)   (693) 
Total noncurrent liabilities:606,699618,707655,703333,620739,185841,106
Total liabilities:887,387816,237955,8661,422,4641,411,8181,170,155
Equity
Equity, attributable to parent515,099138,761132,304137,67971,65823,748
Common stock818600599598594593
Treasury stock, value(14,714)(14,714)(14,714)(14,714)(14,714)(14,714)
Additional paid in capital671,395225,147217,232213,337204,143198,484
Accumulated other comprehensive loss(410,408)(387,444)(357,482)(353,630)(387,115)(404,512)
Retained earnings268,008315,172286,669292,088268,750243,897
Equity, attributable to noncontrolling interest3,7173,7305,2145,1434,8754,670
Total equity:518,816142,491137,518142,82276,53328,418
Other undisclosed liabilities and equity  435,989427,184418,649410,371402,081
TOTAL LIABILITIES AND EQUITY:1,406,2031,394,7171,520,5681,983,9351,898,7221,600,654

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

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Revenues331,497322,774311,745302,206299,333293,406
Cost of revenue(216,219)(208,801)(197,733)(188,780)(180,159)(172,063)
Gross profit:115,278113,973114,012113,426119,174121,343
Operating expenses(72,467)(59,254)(56,161)(51,117)(60,557)(55,293)
Other undisclosed operating income (loss)3,964(64)(65)(1,102)416(8)
Operating income:46,77554,65557,78661,20759,03366,042
Nonoperating income6,98110,7778,78912,6663,8214,929
Investment income, nonoperating2473,4552,4325,1083,2774,088
Gain (loss), foreign currency transaction, before tax5,4023,1692,717204(4,191)(4,372)
Other nonoperating income1,3324,1533,6407,3544,7355,213
Interest and debt expense(6,596)(7,492)(63,956)(23,629)(20,554)(20,256)
Income from continuing operations before equity method investments, income taxes:47,16057,9402,61950,24442,30050,715
Other undisclosed loss from continuing operations before income taxes(247)(3,455)(2,432)(5,108)(3,277)(4,088)
Income from continuing operations before income taxes:46,91354,48518745,13639,02346,627
Income tax expense (benefit)(8,843)(17,088)3,027(13,425)(5,768)(14,634)
Income from continuing operations:38,07037,3973,21431,71133,25531,993
Income before gain (loss) on sale of properties:38,07037,3973,21431,71133,25531,993
Net income:38,07037,3973,21431,71133,25531,993
Net loss attributable to noncontrolling interest(98)(89)(98)(95)(112)(97)
Net income attributable to parent:37,97237,3083,11631,61633,14331,896
Preferred stock dividends and other adjustments (5,136)(8,805)(8,535)(8,278)(8,290)(8,120)
Net income (loss) available to common stockholders, diluted:32,83628,503(5,419)23,33824,85323,776

Comprehensive Income ($ in thousands)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net income:38,07037,3973,21431,71133,25531,993
Other undisclosed comprehensive income (loss)(28,211)(38,985)(12,414)25,3809,200(57,914)
Comprehensive income (loss):9,859(1,588)(9,200)57,09142,455(25,921)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1312971268205(1,890)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (142)(536)(410)3,780
Comprehensive income (loss), net of tax, attributable to parent:9,872(1,459)(9,271)56,82342,250(24,031)

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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