Kyndryl Holdings, Inc. (KD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
ONE VANDERBILT AVENUE NEW YORK, NY 10017 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| Industry (SIC) | 7373 - Computer Integrated Systems Design (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 MRQ | 3/31/2024 | 3/31/2023 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 1,553 | 1,847 | 2,223 | |||
| Cash and cash equivalent | 1,553 | 1,847 | 2,223 | |||
| Receivables | 1,976 | 1,907 | 2,279 | |||
| Contract with customer, asset, after allowance for credit loss | 30 | 30 | ||||
| Capitalized contract cost | 1,081 | 1,070 | 920 | |||
| Other undisclosed current assets | 107 | 109 | 355 | |||
| Total current assets: | 4,747 | 4,963 | 5,777 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 864 | 964 | 1,361 | |||
| Property, plant and equipment | 2,674 | 2,779 | 2,923 | |||
| Intangible assets, net (including goodwill) | 993 | 983 | 768 | |||
| Goodwill | 805 | 812 | 732 | |||
| Intangible assets, net (excluding goodwill) | 188 | 171 | 36 | |||
| Capitalized contract cost, net | 920 | 1,166 | 1,265 | |||
| Deferred income tax assets | 220 | 248 | 675 | |||
| Other noncurrent assets | 67 | 267 | 385 | |||
| Other undisclosed noncurrent assets | 105 | 94 | 59 | |||
| Total noncurrent assets: | 5,843 | 6,501 | 7,436 | |||
| TOTAL ASSETS: | 10,590 | 11,464 | 13,213 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 1,895 | 2,120 | 2,463 | |||
| Taxes payable | ✕ | ✕ | ✕ | 357 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 381 | ||
| Accounts payable | 1,408 | 1,774 | 1,140 | |||
| Accrued liabilities | 487 | 346 | 585 | |||
| Deferred revenue | 825 | 820 | 872 | |||
| Debt | 252 | 220 | 208 | |||
| Due to related parties | ✕ | ✕ | 733 | |||
| Other undisclosed current liabilities | 1,617 | 1,708 | 268 | |||
| Total current liabilities: | 4,589 | 4,868 | 4,544 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 3,112 | 3,111 | 3,128 | |||
| Long-term debt, excluding current maturities | 2,900 | 3,000 | 3,128 | |||
| Finance lease, liability | 193 | 160 | 147 | |||
| Other undisclosed long-term debt and lease obligation | 19 | (49) | (1,154) | |||
| Liabilities, other than long-term debt | 1,768 | 2,023 | 1,832 | |||
| Deferred revenue | 314 | 362 | 475 | |||
| Liability, pension and other postretirement and postemployment benefits | 500 | 504 | 856 | |||
| Other liabilities | 332 | 450 | 501 | |||
| Operating lease, liability | 622 | 707 | 1,007 | |||
| Other undisclosed noncurrent liabilities | (1) | 1,007 | ||||
| Total noncurrent liabilities: | 4,879 | 5,134 | 5,967 | |||
| Total liabilities: | 9,468 | 10,002 | 10,511 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 1,015 | 1,365 | 2,700 | |||
| Treasury stock, value | (45) | (23) | (1) | |||
| Accumulated other comprehensive loss | (1,145) | (1,062) | (1,143) | |||
| Accumulated deficit | (2,319) | (1,978) | (375) | |||
| Other undisclosed equity, attributable to parent | 4,524 | 4,428 | 4,219 | |||
| Equity, attributable to noncontrolling interest | 107 | 97 | 3 | |||
| Other undisclosed equity | (1) | |||||
| Total equity: | 1,122 | 1,462 | 2,702 | |||
| TOTAL LIABILITIES AND EQUITY: | 10,590 | 11,464 | 13,213 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 TTM | 3/31/2024 | 3/31/2023 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 16,052 | 17,026 | 18,657 | ||
| Cost of revenue | (13,189) | (14,498) | (16,570) | ||
| Cost of product and service sold | (1,382) | (3,979) | |||
| Gross profit: | 2,863 | 2,528 | 2,087 | ||
| Operating expenses | (2,727) | (3,178) | (3,911) | ||
| Operating income (loss): | 136 | (650) | (1,824) | ||
| Interest and debt expense | (122) | (94) | (64) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 14 | (744) | (1,888) | ||
| Other undisclosed loss from continuing operations before income taxes | (182) | (107) | (34) | ||
| Income (loss) from continuing operations before income taxes: | (168) | (851) | (1,922) | ||
| Income tax expense | (172) | (524) | (397) | ||
| Income (loss) from continuing operations: | (340) | (1,375) | (2,319) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (2,319) | |
| Other undisclosed net income | 1 | ||||
| Net income (loss) available to common stockholders, diluted: | (340) | (1,374) | (2,319) | ||
Comprehensive Income ($ in millions)
| 12/31/2024 TTM | 3/31/2024 | 3/31/2023 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | (340) | (1,374) | (2,319) | ||
| Other comprehensive income (loss) | (82) | 27 | 296 | ||
| Comprehensive income (loss): | (422) | (1,347) | (2,023) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (1) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (423) | (1,347) | (2,023) | ||
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.