Cognizant Technology Solutions Corporation (CTSH) financial statements (2022 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
SIC 7371 - Computer Programming Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7192,7243,4244,5115,0565,1694,950
Cash and cash equivalents1,7922,6802,6451,1611,9252,0342,125
Short-term investments927447793,3503,1313,1352,824
Receivables3,5573,0873,2563,2573,2222,9052,253
Costs in excess of billings✕✕✕✕  369
Other current assets1,0661,040931909833526338
Total current assets:7,3426,8517,6118,6779,1118,6007,909
Noncurrent Assets
Finance lease, right-of-use asset  16✕✕✕✕
Operating lease, right-of-use asset9331,013926✕✕✕✕
Property, plant and equipment1,1711,2511,3091,3941,3241,3111,271
Long-term investments and receivables463440178023562 
Long-term investments463440178023562 
Intangible assets, net (including goodwill)6,8386,0775,0204,6313,6853,5053,269
Goodwill5,6205,0313,9793,4812,7042,5542,405
Intangible assets, net (excluding goodwill)1,2181,0461,0411,150981951864
Deferred income tax assets404445 ✕✕✕✕
Other noncurrent assets701846736689448359269
Other undisclosed noncurrent assets  569442418425348
Total noncurrent assets:10,51010,0728,5937,2366,1105,6625,157
TOTAL ASSETS:17,85216,92316,20415,91315,22114,26213,065
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2562,1731,7671,7031,6301,4181,524
Accounts payable361389239215210175165
Accrued liabilities2201431371101009970
Employee-related liabilities1,6011,6071,2391,2161,2721,1341,272
Taxes payable7434152162481017
Deferred revenue403383313✕✕✕✕
Debt464938917581406
Derivative instruments and hedges, liabilities 18255411
Customer refund liability  251    
Deferred revenue and credits✕✕✕✕383306324
Other liabilities395461380369325315183
Other undisclosed current liabilities429473226671321294266
Total current liabilities:3,5293,5402,9832,7772,8392,4182,714
Noncurrent Liabilities
Long-term debt and lease obligation1,4091,5091,460736698797881
Long-term debt, excluding current maturities626663700736698797881
Finance lease, liability  15✕✕✕✕
Operating lease, liability783846745✕✕✕✕
Liabilities, other than long-term debt9231,0387199141,015319192
Deferred revenue and credits✕✕✕✕10415149
Accounts payable and accrued liabilities378428478478584  
Deferred revenue403623✕✕✕✕
Deferred tax liabilities, net✕✕✕18314663
Deferred income tax liabilities218206 ✕✕✕✕
Other liabilities287368218253181162140
Other undisclosed noncurrent liabilities  2062   
Total noncurrent liabilities:2,3322,5472,1991,7121,7131,1161,074
Total liabilities:5,8616,0875,1824,4894,5523,5343,787
Stockholders' equity
Stockholders' equity attributable to parent11,99110,83611,02211,42410,66910,7289,278
Common stock5556666
Additional paid in capital2732334749358453
Accumulated other comprehensive income (loss)37110(38)(114)70(114)(106)
Retained earnings11,92210,68911,02211,48510,54410,4788,925
Total stockholders' equity:11,99110,83611,02211,42410,66910,7289,278
TOTAL LIABILITIES AND EQUITY:17,85216,92316,20415,91315,22114,26213,065

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues18,50716,65216,78316,12514,81013,48712,416
Revenue, net✕✕✕✕14,81013,48712,416
Cost of revenue
(Cost of Goods and Services Sold)		(11,604)(10,671)(10,634)    
Gross profit:6,9035,9816,14916,12514,81013,48712,416
Operating expenses(4,077)(3,867)(3,696)(3,026)(2,769)(2,731)(2,834)
Other undisclosed operating loss   (10,298)(9,560)(8,467)(7,440)
Operating income:2,8262,1142,4532,8012,4812,2892,142
Nonoperating income (expense)1(18)90(4)1746822
Investment income, nonoperating3011917617713311584
Foreign currency transaction gain (loss), before tax(20)(116)(65)(152)67(30)(43)
Other nonoperating income (expense) 35(2)(3)2(2)
Interest and debt expense(9)(24)(26)(27)(23)(19)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes9242627231918
Income from continuing operations before equity method investments, income taxes:2,8272,0962,5432,7972,6552,3572,164
Income (loss) from equity method investments3 (58)221 
Income from continuing operations before income taxes:2,8302,0962,4852,7992,6572,3582,164
Income tax expense(693)(704)(643)(698)(1,153)(805)(540)
Net income available to common stockholders, diluted:2,1371,3921,8422,1011,5041,5531,624

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,1371,3921,8422,1011,5041,5531,624
Other comprehensive income (loss)(73)14876(183)184(8)17
Comprehensive income, net of tax, attributable to parent:2,0641,5401,9181,9181,6881,5451,641

Statements sources

The financial statements are based on the company's filings with the 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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