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)
9/30/2023 MRQ | 6/30/2023 | 12/31/2022 MRQ | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1,232 | 2,821 | 1,694 | 1,607 | 1,693 | 941 | |||
Cash and cash equivalents | 1,232 | 2,821 | 1,694 | 1,607 | 1,693 | 941 | |||
Restricted cash and investments | 3 | 3 | 6 | 3 | |||||
Receivables | 751 | 481 | 445 | 471 | 528 | 502 | |||
Contract with customer, asset, after allowance for credit loss | 71 | 26 | 26 | 25 | 30 | 21 | |||
Capitalized contract cost | 40 | 29 | 27 | 23 | |||||
Derivative instruments and hedges, assets | 4 | 7 | |||||||
Other undisclosed current assets | 176 | 92 | 87 | 73 | 136 | 97 | |||
Total current assets: | 2,275 | 3,459 | 2,285 | 2,202 | 2,386 | 1,561 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 286 | 194 | 198 | 235 | 208 | ✕ | |||
Nontrade receivables | 94 | 47 | 44 | 35 | 30 | 38 | |||
Property, plant and equipment | 357 | 251 | 245 | 234 | 245 | 249 | |||
Intangible assets, net (including goodwill), including: | 1,400 | 6,134 | 6,320 | 5,879 | 6,285 | 4,916 | |||
Goodwill | 8,663 | 5,250 | 5,245 | 4,692 | 4,672 | 3,770 | |||
Intangible assets, net (excluding goodwill) | 4,081 | 884 | 1,075 | 1,187 | 1,613 | 1,147 | |||
Other undisclosed intangible assets, net (including goodwill) | (11,343) | ||||||||
Contract with customer, asset, after allowance for credit loss | 65 | 19 | 20 | 19 | 15 | 15 | |||
Deferred income tax assets | 927 | 811 | 810 | 797 | 912 | ✕ | |||
Other noncurrent assets | 342 | 304 | 257 | 209 | 154 | 149 | |||
Other undisclosed noncurrent assets | 11,343 | 1,004 | |||||||
Total noncurrent assets: | 14,814 | 7,759 | 7,894 | 7,407 | 7,848 | 6,373 | |||
TOTAL ASSETS: | 17,089 | 11,218 | 10,179 | 9,609 | 10,235 | 7,934 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 403 | 199 | 409 | 386 | 371 | 328 | |||
Taxes payable | ✕ | ✕ | ✕ | 20 | 32 | 45 | 33 | ||
Employee-related liabilities | ✕ | ✕ | ✕ | 193 | 215 | 155 | 131 | ||
Accounts payable | 163 | 96 | 114 | 58 | 41 | 46 | |||
Accrued liabilities | 240 | 103 | 82 | 82 | 129 | 118 | |||
Deferred revenue | 1,722 | 879 | 902 | 853 | 812 | ✕ | |||
Debt | 326 | 10 | 10 | 10 | 610 | 10 | |||
Derivative instruments and hedges, liabilities | 161 | 17 | |||||||
Restructuring reserve | 30 | 4 | 4 | 4 | 12 | 8 | |||
Asset retirement obligation | 6 | 3 | 4 | 2 | 4 | 2 | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 642 | ||
Other undisclosed current liabilities | 572 | 382 | 139 | 107 | 95 | 25 | |||
Total current liabilities: | 3,220 | 1,494 | 1,468 | 1,362 | 1,904 | 1,015 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 8,562 | 5,193 | 4,408 | 3,803 | 3,801 | 2,605 | |||
Long-term debt, excluding current maturities | 8,562 | 5,193 | 4,210 | 3,579 | 3,584 | 2,605 | |||
Liabilities, other than long-term debt | 1,285 | 409 | 270 | 345 | 522 | 374 | |||
Accounts payable and accrued liabilities | 18 | 1 | 1 | 11 | 8 | 30 | |||
Deferred revenue | 218 | 85 | 91 | 99 | 94 | ✕ | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 47 | ||
Asset retirement obligations | 25 | 13 | 12 | 14 | 13 | 14 | |||
Deferred income tax liabilities | 424 | 19 | 66 | 108 | 149 | ✕ | |||
Liability for uncertainty in income taxes | 194 | 41 | 34 | 34 | 171 | 202 | |||
Liability, pension and other postretirement and postemployment benefits | 126 | 57 | 61 | 75 | 73 | 75 | |||
Restructuring reserve | 9 | 4 | 6 | 4 | 14 | 5 | |||
Operating lease, liability | 272 | 189 | 199 | 224 | 217 | ✕ | |||
Other undisclosed noncurrent liabilities | 56 | ||||||||
Total noncurrent liabilities: | 9,847 | 5,602 | 4,678 | 4,148 | 4,324 | 3,035 | |||
Total liabilities: | 13,067 | 7,097 | 6,147 | 5,510 | 6,228 | 4,049 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 4,021 | 4,120 | 4,031 | 4,098 | 4,005 | 3,883 | |||
Treasury stock, value | (152) | (142) | (160) | (69) | (24) | (29) | |||
Accumulated other comprehensive income (loss) | (54) | (1) | (8) | 66 | 18 | 24 | |||
Retained earnings | 2,049 | 2,171 | 2,160 | 2,153 | 2,159 | 2,114 | |||
Other undisclosed equity, attributable to parent | 2,177 | 2,092 | 2,039 | 1,948 | 1,852 | 1,774 | |||
Equity, attributable to noncontrolling interest | 1 | 1 | 1 | 2 | 1 | 1 | |||
Total equity: | 4,022 | 4,121 | 4,032 | 4,099 | 4,007 | 3,885 | |||
TOTAL LIABILITIES AND EQUITY: | 17,089 | 11,218 | 10,179 | 9,609 | 10,235 | 7,934 |
Income Statement (P&L) ($ in millions)
9/30/2023 TTM | 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 4,485 | 3,534 | 3,494 | 3,386 | 3,110 | 2,869 | ||
Cost of revenue (Cost of Goods and Services Sold) | (1,317) | (1,063) | (1,062) | (1,034) | (1,004) | (931) | ||
Gross profit: | 3,168 | 2,471 | 2,432 | 2,352 | 2,106 | 1,938 | ||
Operating expenses | (2,652) | (1,871) | (1,787) | (1,611) | (1,602) | (1,371) | ||
Operating income: | 516 | 600 | 645 | 741 | 504 | 567 | ||
Nonoperating income (expense) | 34 | (2) | 29 | 61 | (12) | 10 | ||
Gain (loss), foreign currency transaction, before tax | 57 | (5) | (3) | (4) | ||||
Other nonoperating income (expense) | 0 | 0 | 0 | (0) | 1 | 10 | ||
Interest and debt expense | (8) | (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: | 543 | 591 | 646 | 798 | 487 | 441 | ||
Income from equity method investments | 63 | 9 | 14 | |||||
Other undisclosed loss from continuing operations before income taxes | (321) | (152) | (130) | (210) | (150) | (14) | ||
Income from continuing operations before income taxes: | 221 | 439 | 516 | 651 | 345 | 441 | ||
Income tax expense | (71) | (120) | (119) | (340) | (111) | (155) | ||
Income from continuing operations: | 151 | 319 | 397 | 311 | 234 | 286 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | 60 | 397 | 311 | 234 | 286 | |
Net income: | 151 | 319 | 397 | 311 | 234 | 286 | ||
Net loss attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (0) | ||
Net income available to common stockholders, diluted: | 150 | 318 | 397 | 311 | 234 | 286 |
Comprehensive Income ($ in millions)
9/30/2023 TTM | 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
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Net income: | 151 | 319 | 397 | 311 | 234 | 286 | ||
Other comprehensive income (loss) | (46) | (67) | (74) | (1) | (6) | 2 | ||
Other undisclosed comprehensive income (loss) | 35 | 50 | (11) | |||||
Comprehensive income: | 105 | 286 | 323 | 359 | 228 | 276 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (0) | ||
Comprehensive income, net of tax, attributable to parent: | 104 | 286 | 323 | 359 | 228 | 276 |
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.