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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2322,8211,6941,6071,693941
Cash and cash equivalents1,2322,8211,6941,6071,693941
Restricted cash and investments3363  
Receivables751481445471528502
Contract with customer, asset, after allowance for credit loss712626253021
Capitalized contract cost40292723  
Derivative instruments and hedges, assets47    
Other undisclosed current assets17692877313697
Total current assets:2,2753,4592,2852,2022,3861,561
Noncurrent Assets
Operating lease, right-of-use asset286194198235208
Nontrade receivables944744353038
Property, plant and equipment357251245234245249
Intangible assets, net (including goodwill), including:1,4006,1346,3205,8796,2854,916
Goodwill8,6635,2505,2454,6924,6723,770
Intangible assets, net (excluding goodwill)4,0818841,0751,1871,6131,147
Other undisclosed intangible assets, net (including goodwill) (11,343)     
Contract with customer, asset, after allowance for credit loss651920191515
Deferred income tax assets927811810797912
Other noncurrent assets342304257209154149
Other undisclosed noncurrent assets 11,343    1,004
Total noncurrent assets:14,8147,7597,8947,4077,8486,373
TOTAL ASSETS:17,08911,21810,1799,60910,2357,934
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities403199409386371328
Taxes payable20324533
Employee-related liabilities193215155131
Accounts payable16396114584146
Accrued liabilities2401038282129118
Deferred revenue1,722879902853812
Debt32610101061010
Derivative instruments and hedges, liabilities16117    
Restructuring reserve30444128
Asset retirement obligation634242
Contract with customer, liability642
Other undisclosed current liabilities5723821391079525
Total current liabilities:3,2201,4941,4681,3621,9041,015
Noncurrent Liabilities
Long-term debt and lease obligation8,5625,1934,4083,8033,8012,605
Long-term debt, excluding current maturities8,5625,1934,2103,5793,5842,605
Liabilities, other than long-term debt1,285409270345522374
Accounts payable and accrued liabilities181111830
Deferred revenue21885919994
Contract with customer, liability47
Asset retirement obligations251312141314
Deferred income tax liabilities4241966108149
Liability for uncertainty in income taxes194413434171202
Liability, pension and other postretirement and postemployment benefits1265761757375
Restructuring reserve9464145
Operating lease, liability272189199224217
Other undisclosed noncurrent liabilities      56
Total noncurrent liabilities:9,8475,6024,6784,1484,3243,035
Total liabilities:13,0677,0976,1475,5106,2284,049
Equity
Equity, attributable to parent, including:4,0214,1204,0314,0984,0053,883
Treasury stock, value(152)(142)(160)(69)(24)(29)
Accumulated other comprehensive income (loss)(54)(1)(8)661824
Retained earnings2,0492,1712,1602,1532,1592,114
Other undisclosed equity, attributable to parent2,1772,0922,0391,9481,8521,774
Equity, attributable to noncontrolling interest111211
Total equity:4,0224,1214,0324,0994,0073,885
TOTAL LIABILITIES AND EQUITY:17,08911,21810,1799,60910,2357,934

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
Revenues4,4853,5343,4943,3863,1102,869
Cost of revenue
(Cost of Goods and Services Sold)
(1,317)(1,063)(1,062)(1,034)(1,004)(931)
Gross profit:3,1682,4712,4322,3522,1061,938
Operating expenses(2,652)(1,871)(1,787)(1,611)(1,602)(1,371)
Operating income:516600645741504567
Nonoperating income (expense)34(2)2961(12)10
Gain (loss), foreign currency transaction, before tax57(5)(3) (4) 
Other nonoperating income (expense)000(0)110
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:543591646798487441
Income from equity method investments    63914
Other undisclosed loss from continuing operations before income taxes(321)(152)(130)(210)(150)(14)
Income from continuing operations before income taxes:221439516651345441
Income tax expense(71)(120)(119)(340)(111)(155)
Income from continuing operations:151319397311234286
Income before gain (loss) on sale of properties:60397311234286
Net income:151319397311234286
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:150318397311234286

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
Net income:151319397311234286
Other comprehensive income (loss)(46)(67)(74)(1)(6)2
Other undisclosed comprehensive income (loss)  35 50 (11)
Comprehensive income:105286323359228276
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:104286323359228276

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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