Open Text Corporation (OTEX) Financial Statements (2024 and earlier)

Company Profile

Business Address 275 FRANK TOMPA DRIVE
ONTARIO CANADA, ON N2L 0A1
State of Incorp. ON
Fiscal Year End June 30
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0031,2321,6941,6071,693941
Cash and cash equivalents1,0031,2321,6941,6071,693941
Restricted cash and investments4363  
Receivables744751445471528502
Contract with customer, asset, after allowance for credit loss717126253021
Capitalized contract cost38402723  
Derivative instruments and hedges, assets44    
Disposal group, including discontinued operation2,051     
Other undisclosed current assets170176877313697
Total current assets:4,0842,2752,2852,2022,3861,561
Noncurrent Assets
Operating lease, right-of-use asset245286198235208
Nontrade receivables949444353038
Property, plant and equipment353357245234245249
Intangible assets, net (including goodwill), including:10,3781,4006,3205,8796,2854,916
Goodwill7,6048,6635,2454,6924,6723,770
Intangible assets, net (excluding goodwill)2,7734,0811,0751,1871,6131,147
Other undisclosed intangible assets, net (including goodwill)  (11,343)    
Contract with customer, asset, after allowance for credit loss456520191515
Deferred income tax assets925927810797912
Other noncurrent assets319342257209154149
Other undisclosed noncurrent assets  11,343   1,004
Total noncurrent assets:12,35914,8147,8947,4077,8486,373
TOTAL ASSETS:16,44317,08910,1799,60910,2357,934
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities397403409386371328
Taxes payable20324533
Employee-related liabilities193215155131
Accounts payable144163114584146
Accrued liabilities2522408282129118
Deferred revenue1,5351,722902853812
Debt50326101061010
Derivative instruments and hedges, liabilities207161    
Restructuring reserve303044128
Asset retirement obligation764242
Disposal group, including discontinued operation223     
Contract with customer, liability642
Other undisclosed current liabilities5105721391079525
Total current liabilities:2,9593,2201,4681,3621,9041,015
Noncurrent Liabilities
Long-term debt and lease obligation8,4758,5624,4083,8033,8012,605
Long-term debt, excluding current maturities8,4758,5624,2103,5793,5842,605
Liabilities, other than long-term debt9791,285270345522374
Accounts payable and accrued liabilities1818111830
Deferred revenue170218919994
Contract with customer, liability47
Asset retirement obligations242512141314
Deferred income tax liabilities23842466108149
Liability for uncertainty in income taxes1521943434171202
Liability, pension and other postretirement and postemployment benefits12912661757375
Restructuring reserve11964145
Operating lease, liability236272199224217
Other undisclosed noncurrent liabilities      56
Total noncurrent liabilities:9,4549,8474,6784,1484,3243,035
Total liabilities:12,41313,0676,1475,5106,2284,049
Equity
Equity, attributable to parent, including:4,0294,0214,0314,0984,0053,883
Treasury stock, value(179)(152)(160)(69)(24)(29)
Accumulated other comprehensive income (loss)(83)(54)(8)661824
Retained earnings2,0302,0492,1602,1532,1592,114
Other undisclosed equity, attributable to parent2,2622,1772,0391,9481,8521,774
Equity, attributable to noncontrolling interest111211
Total equity:4,0304,0224,0324,0994,0073,885
TOTAL LIABILITIES AND EQUITY:16,44317,08910,1799,60910,2357,934

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

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues5,6964,4853,4943,3863,1102,869
Cost of revenue
(Cost of Goods and Services Sold)
(1,609)(1,317)(1,062)(1,034)(1,004)(931)
Gross profit:4,0863,1682,4322,3522,1061,938
Operating expenses(3,434)(2,652)(1,787)(1,611)(1,602)(1,371)
Operating income:652516645741504567
Nonoperating income (expense)12342961(12)10
Gain (loss), foreign currency transaction, before tax5057(3) (4) 
Other nonoperating income (expense)(2)00(0)110
Interest and debt expense(0)(8)(27)(5)(5)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (132)
Income from continuing operations before equity method investments, income taxes:664543646798487441
Income from equity method investments    63914
Other undisclosed loss from continuing operations before income taxes(531)(321)(130)(210)(150)(14)
Income from continuing operations before income taxes:132221516651345441
Income tax expense(5)(71)(119)(340)(111)(155)
Income from continuing operations:128151397311234286
Income before gain (loss) on sale of properties:397311234286
Net income:128151397311234286
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:127150397311234286

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income:128151397311234286
Other comprehensive income (loss)(82)(46)(74)(1)(6)2
Other undisclosed comprehensive income (loss)    50 (11)
Comprehensive income:45105323359228276
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:45104323359228276

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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