Cognizant Technology Solutions Corporation (CTSH) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 FRANK W. BURR BLVD., STE. 36, 6 FL.
TEANECK, NJ 07666
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5012,7192,7243,4244,5115,056
Cash and cash equivalents2,1911,7922,6802,6451,1611,925
Short-term investments310927447793,3503,131
Receivables3,7963,5573,0873,2563,2573,222
Other current assets9691,0661,040931909833
Total current assets:7,2667,3426,8517,6118,6779,111
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    16
Operating lease, right-of-use asset8769331,013926
Property, plant and equipment1,1011,1711,2511,3091,3941,324
Long-term investments and receivables4274634401780235
Long-term investments4274634401780235
Intangible assets, net (including goodwill)6,8786,8386,0775,0204,6313,685
Goodwill5,7105,6205,0313,9793,4812,704
Intangible assets, net (excluding goodwill)1,1681,2181,0461,0411,150981
Deferred income tax assets642404445 
Other noncurrent assets662701846736689448
Other undisclosed noncurrent assets    569442418
Total noncurrent assets:10,58610,51010,0728,5937,2366,110
TOTAL ASSETS:17,85217,85216,92316,20415,91315,221
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1882,2562,1731,7671,7031,630
Taxes payable743415216248
Employee-related liabilities1,6011,6071,2391,2161,272
Accounts payable360361389239215210
Accrued liabilities1,828220143137110100
Deferred revenue398403383313
Debt134649389175
Derivative instruments and hedges, liabilities   18255
Customer refund liability    251  
Deferred revenue and credits383
Other liabilities357395461380369325
Other undisclosed current liabilities391429473226671321
Total current liabilities:3,3473,5293,5402,9832,7772,839
Noncurrent Liabilities
Long-term debt and lease obligation6381,4091,5091,460736698
Long-term debt, excluding current maturities638626663700736698
Finance lease, liability    15
Liabilities, other than long-term debt1,5589231,0387199141,015
Deferred revenue and credits104
Accounts payable and accrued liabilities283378428478478584
Deferred revenue19403623
Deferred tax liabilities, net183146
Deferred income tax liabilities180218206 
Other liabilities362287368218253181
Operating lease, liability714783846745
Other undisclosed noncurrent liabilities    2062 
Total noncurrent liabilities:2,1962,3322,5472,1991,7121,713
Total liabilities:5,5435,8616,0875,1824,4894,552
Equity
Equity, attributable to parent12,30911,99110,83611,02211,42410,669
Common stock555566
Additional paid in capital152732334749
Accumulated other comprehensive income (loss)(299)37110(38)(114)70
Retained earnings12,58811,92210,68911,02211,48510,544
Total equity:12,30911,99110,83611,02211,42410,669
TOTAL LIABILITIES AND EQUITY:17,85217,85216,92316,20415,91315,221

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues19,42818,50716,65216,78316,12514,810
Revenue, net14,810
Cost of revenue
(Cost of Goods and Services Sold)
(12,448)(11,604)(10,671)(10,634)  
Gross profit:6,9806,9035,9816,14916,12514,810
Operating expenses(4,012)(4,077)(3,867)(3,696)(3,026)(2,769)
Other undisclosed operating loss     (10,298)(9,560)
Operating income:2,9682,8262,1142,4532,8012,481
Nonoperating income (expense)481(18)90(4)174
Investment income, nonoperating5930119176177133
Gain (loss), foreign currency transaction, before tax7(20)(116)(65)(152)67
Other nonoperating income (expense)1 35(2)(3)
Interest and debt expense(19)(9)(24)(26)(27)(23)
Other undisclosed income from continuing operations before equity method investments, income taxes19924262723
Income from continuing operations before equity method investments, income taxes:3,0162,8272,0962,5432,7972,655
Income (loss) from equity method investments43 (58)22
Income from continuing operations before income taxes:3,0202,8302,0962,4852,7992,657
Income tax expense(730)(693)(704)(643)(698)(1,153)
Income from continuing operations:2,2902,1371,3921,8422,1011,504
Income before gain (loss) on sale of properties:2,1371,3921,8422,1011,504
Net income available to common stockholders, diluted:2,2902,1371,3921,8422,1011,504

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,2902,1371,3921,8422,1011,504
Other comprehensive income (loss)(336)(73)14876(183)184
Other undisclosed comprehensive loss      
Comprehensive income:1,9542,0641,5401,9181,9181,688
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:1,9542,0641,5401,9181,9181,688

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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