Virtusa Corporation (VRTU) Financial Statements (2026 and earlier)

Company Profile

Business Address 132 TURNPIKE RD
SOUTHBOROUGH, MA 01772
State of Incorp.
Fiscal Year End March 31
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments222,814240,797216,936202,903215,216138,649
Cash and cash equivalent189,676194,897144,908148,986124,80282,761
Short-term investments33,13845,90072,02853,91790,41455,888
Restricted cash and investments35130117493,92145 
Receivables162,396151,455135,453138,53075,43164,662
Prepaid expense42,31431,72432,75112,0947,4289,036
Asset, held-for-sale, not part of disposal group8,978   ✕✕
Other current assets29,96721,22928,80623,26813,56511,922
Other undisclosed current assets113,431103,82966,12258,06335,55335,820
Total current assets:580,251549,335480,242528,779347,238260,089
Noncurrent Assets
Operating lease, right-of-use asset✕✕✕✕✕✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization119,865121,565118,890116,28237,98835,346
Long-term investments and receivables3224,14020,05728,81720,73262,015
Long-term investments3224,14020,05728,81720,73262,015
Intangible asset, including goodwill, after accumulated amortization371,983393,252269,450267,27072,26982,109
Goodwill279,543297,251211,089200,42450,36053,448
Intangible asset, excluding goodwill, after accumulated amortization92,44096,00158,36166,84621,90928,661
Restricted cash and investments 86     
Deferred income tax assets✕✕✕✕✕✕
Other noncurrent assets29,83611,7729,98020,1056,7465,215
Deferred tax assets, net✕   15,890  
Other undisclosed noncurrent assets30,13033,11624,8012,8694,7644,651
Total noncurrent assets:552,222563,845443,178451,233142,499189,336
TOTAL ASSETS:1,132,4731,113,180923,420980,012489,737449,425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities191,322192,347106,347124,11263,50769,289
Taxes payable     4,1373,813
Employee-related liabilities74,80171,50052,58253,89726,91527,175
Accounts payable46,47129,54120,51427,4528,69311,002
Accrued liabilities70,05091,30633,25142,76323,76227,299
Deferred revenue✕✕✕✕✕✕
Debt11,44211,4548,9779,0089141
Derivative instruments and hedges, liabilities     1,1834,195
Deferred revenue and credits✕✕7,9087,4795,971  
Contract with customer, liability✕6,421✕✕✕✕✕
Other undisclosed current liabilities4,8094,9912,9592,173(3,577)(6,755)
Total current liabilities:213,994216,700125,762141,26461,20466,770
Noncurrent Liabilities
Long-term debt and lease obligation351,333288,269176,853185,77016581
Long-term debt, excluding current maturities351,320288,227176,722185,633  
Capital lease obligations✕134213113716581
Liabilities, other than long-term debt, including:29,82443,8339,2389,0391,9962,744
Deferred tax liabilities, net✕   16,1211,9962,744
Deferred income tax liabilities✕✕✕✕✕✕
Other liabilities      
Operating lease, liability✕✕✕✕✕✕
Other undisclosed liabilities, other than long-term debt 29,82443,8339,238(7,082)  
Other undisclosed noncurrent liabilities 15,81121,29926,55115,9846013,016
Total noncurrent liabilities:396,968353,401212,642210,7932,7625,841
Other undisclosed liabilities     1,9962,744
Total liabilities:610,962570,101338,404352,05765,96275,355
Temporary equity, including noncontrolling interest130,737106,996    
Equity
Equity, attributable to parent, including:390,774418,623497,032475,013423,775374,070
Common stock330325318313309303
Treasury stock, value (39,652)(39,652)(9,652)(9,652)(9,652)(9,652)
Additional paid in capital239,204260,612305,387297,621283,178269,511
Accumulated other comprehensive loss(59,387)(40,681)(39,749)(42,139)(34,128)(27,714)
Retained earnings250,279238,019240,728228,870184,068141,622
Other undisclosed equity, attributable to parent      
Equity, attributable to noncontrolling interest  17,46087,984152,942  
Total equity:390,774436,083585,016627,955423,775374,070
TOTAL LIABILITIES AND EQUITY:1,132,4731,113,180923,420980,012489,737449,425

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues1,247,8631,020,669858,731600,302478,986396,933
Cost of revenue(884,652)(725,445)(620,950)(389,310)(304,422)(250,533)
Gross profit:363,211295,224237,781210,992174,564146,400
Operating expenses(292,943)(248,837)(219,410)(165,672)(126,425)(108,222)
Other undisclosed operating income     4,4294,234
Operating income:70,26846,38718,37145,32052,56842,412
Nonoperating income (expense)(32,104)(4,551)44712,3494,8323,512
Investment income, nonoperating2,6724,264 4,7775,2703,726
Gain (loss), foreign currency transaction, before tax(13,130)(3,543)3,0097,050(357)(396)
Other nonoperating income (expense)(3,482)2,3621,005522(75)182
Interest and debt expense(18,164)(7,634)(1,129)(109)  
Other undisclosed income from continuing operations before equity method investments, income taxes    109  
Income from continuing operations before equity method investments, income taxes:20,00034,20217,68957,66957,40045,924
Other undisclosed income from continuing operations before income taxes18,1647,6341,129   
Income from continuing operations before income taxes:38,16441,83618,81857,66957,40045,924
Income tax expense(20,473)(32,888)(2,561)(12,649)(14,954)(11,549)
Income from continuing operations:17,6918,94816,25745,02042,44634,375
Income before gain (loss) on sale of properties:17,6918,94816,25745,02042,44634,375
Net income:17,6918,94816,25745,02042,44634,375
Net loss attributable to noncontrolling interest(1,545)(7,694)(4,399)(218)  
Net income attributable to parent:16,1461,25411,85844,80242,44634,375
Other undisclosed net loss available to common stockholders, basic(4,350)(3,963)    
Net income (loss) available to common stockholders, diluted:11,796(2,709)11,85844,80242,44634,375

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income:17,6918,94816,25745,02042,44634,375
Other comprehensive income (loss)(20,172)(2,988)3,981(6,726)  
Other undisclosed comprehensive income (loss)245     
Comprehensive income (loss):(2,236)5,96020,23838,29442,44634,375
Comprehensive loss, net of tax, attributable to noncontrolling interest(324)(9,750)(5,990)(1,285)  
Other undisclosed comprehensive loss, net of tax, attributable to parent     (6,414)(9,000)
Comprehensive income (loss), net of tax, attributable to parent:(2,560)(3,790)14,24837,00936,03225,375

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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