Cognizant Technology Solutions Corporation (CTSH) financial statements (2021 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)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,724 | 3,424 | 4,511 | 5,056 | 5,169 | 4,950 | 3,775 | ||
| Cash and cash equivalents | 2,680 | 2,645 | 1,161 | 1,925 | 2,034 | 2,125 | 2,010 | ||
| Short-term investments | 44 | 779 | 3,350 | 3,131 | 3,135 | 2,824 | 1,765 | ||
| Receivables | 3,087 | 3,256 | 3,257 | 3,222 | 2,905 | 2,253 | 1,969 | ||
| Costs in excess of billings | ✕ | ✕ | ✕ | 369 | 325 | ||||
| Other current assets | 1,040 | 931 | 909 | 833 | 526 | 338 | 353 | ||
| Other undisclosed current assets | 330 | ||||||||
| Total current assets: | 6,851 | 7,611 | 8,677 | 9,111 | 8,600 | 7,909 | 6,750 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 16 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 1,013 | 926 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,251 | 1,309 | 1,394 | 1,324 | 1,311 | 1,271 | 1,247 | ||
| Long-term investments and receivables | 440 | 17 | 80 | 235 | 62 | ||||
| Long-term investments | 440 | 17 | 80 | 235 | 62 | ||||
| Intangible assets, net (including goodwill) | 6,077 | 5,020 | 4,631 | 3,685 | 3,505 | 3,269 | 3,367 | ||
| Goodwill | 5,031 | 3,979 | 3,481 | 2,704 | 2,554 | 2,405 | 2,414 | ||
| Intangible assets, net (excluding goodwill) | 1,046 | 1,041 | 1,150 | 981 | 951 | 864 | 954 | ||
| Deferred income tax assets | 445 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 846 | 736 | 689 | 448 | 359 | 269 | 210 | ||
| Other undisclosed noncurrent assets | 569 | 442 | 418 | 425 | 348 | 144 | |||
| Total noncurrent assets: | 10,072 | 8,593 | 7,236 | 6,110 | 5,662 | 5,157 | 4,969 | ||
| TOTAL ASSETS: | 16,923 | 16,204 | 15,913 | 15,221 | 14,262 | 13,065 | 11,719 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,173 | 1,767 | 1,703 | 1,630 | 1,418 | 1,524 | 1,159 | ||
| Accounts payable | 389 | 239 | 215 | 210 | 175 | 165 | 146 | ||
| Accrued liabilities | 143 | 137 | 110 | 100 | 99 | 70 | 83 | ||
| Employee-related liabilities | 1,607 | 1,239 | 1,216 | 1,272 | 1,134 | 1,272 | 907 | ||
| Taxes payable | 34 | 152 | 162 | 48 | 10 | 17 | 24 | ||
| Deferred revenue | 383 | 313 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 49 | 38 | 9 | 175 | 81 | 406 | 700 | ||
| Derivative instruments and hedges, liabilities | 1 | 8 | 25 | 5 | 4 | 11 | 97 | ||
| Customer refund liability | 251 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 383 | 306 | 324 | 224 | ||
| Other liabilities | 461 | 380 | 369 | 325 | 315 | 183 | 185 | ||
| Other undisclosed current liabilities | 473 | 226 | 671 | 321 | 294 | 266 | 227 | ||
| Total current liabilities: | 3,540 | 2,983 | 2,777 | 2,839 | 2,418 | 2,714 | 2,592 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,509 | 1,460 | 736 | 698 | 797 | 881 | 938 | ||
| Long-term debt, excluding current maturities | 663 | 700 | 736 | 698 | 797 | 881 | 938 | ||
| Finance lease, liability | 15 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, liability | 846 | 745 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 1,038 | 719 | 914 | 1,015 | 319 | 192 | 449 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 104 | 151 | 49 | 81 | ||
| Accounts payable and accrued liabilities | 428 | 478 | 478 | 584 | |||||
| Deferred revenue | 36 | 23 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | 183 | 146 | 6 | 3 | 252 | ||
| Deferred income tax liabilities | 206 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 368 | 218 | 253 | 181 | 162 | 140 | 116 | ||
| Other undisclosed noncurrent liabilities | 20 | 62 | |||||||
| Total noncurrent liabilities: | 2,547 | 2,199 | 1,712 | 1,713 | 1,116 | 1,074 | 1,387 | ||
| Total liabilities: | 6,087 | 5,182 | 4,489 | 4,552 | 3,534 | 3,787 | 3,979 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 10,836 | 11,022 | 11,424 | 10,669 | 10,728 | 9,278 | 7,740 | ||
| Common stock | 5 | 5 | 6 | 6 | 6 | 6 | 6 | ||
| Additional paid in capital | 32 | 33 | 47 | 49 | 358 | 453 | 556 | ||
| Accumulated other comprehensive income (loss) | 110 | (38) | (114) | 70 | (114) | (106) | (123) | ||
| Retained earnings | 10,689 | 11,022 | 11,485 | 10,544 | 10,478 | 8,925 | 7,302 | ||
| Total stockholders' equity: | 10,836 | 11,022 | 11,424 | 10,669 | 10,728 | 9,278 | 7,740 | ||
| TOTAL LIABILITIES AND EQUITY: | 16,923 | 16,204 | 15,913 | 15,221 | 14,262 | 13,065 | 11,719 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 16,652 | 16,783 | 16,125 | 14,810 | 13,487 | 12,416 | 10,263 | |
| Revenue, net | ✕ | ✕ | ✕ | 14,810 | 13,487 | 12,416 | 10,263 | |
| Cost of revenue (Cost of Goods and Services Sold) | (10,671) | (10,634) | ||||||
| Gross profit: | 5,981 | 6,149 | 16,125 | 14,810 | 13,487 | 12,416 | 10,263 | |
| Operating expenses | (3,867) | (3,696) | (3,026) | (2,769) | (2,731) | (2,834) | (2,241) | |
| Other undisclosed operating loss | (10,298) | (9,560) | (8,467) | (7,440) | (6,136) | |||
| Operating income: | 2,114 | 2,453 | 2,801 | 2,481 | 2,289 | 2,142 | 1,885 | |
| Nonoperating income (expense) | (18) | 90 | (4) | 174 | 68 | 22 | 39 | |
| Investment income, nonoperating | 119 | 176 | 177 | 133 | 115 | 84 | 65 | |
| Foreign currency transaction gain (loss), before tax | (116) | (65) | (152) | 67 | (30) | (43) | (20) | |
| Other nonoperating income (expense) | 3 | 5 | (2) | (3) | 2 | (2) | (0) | |
| Interest and debt expense | (24) | (26) | (27) | (23) | (19) | (18) | (2) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 24 | 26 | 27 | 23 | 19 | 18 | 2 | |
| Income from continuing operations before equity method investments, income taxes: | 2,096 | 2,543 | 2,797 | 2,655 | 2,357 | 2,164 | 1,924 | |
| Income (loss) from equity method investments | (58) | 2 | 2 | 1 | ||||
| Income from continuing operations before income taxes: | 2,096 | 2,485 | 2,799 | 2,657 | 2,358 | 2,164 | 1,924 | |
| Income tax expense | (704) | (643) | (698) | (1,153) | (805) | (540) | (485) | |
| Net income available to common stockholders, diluted: | 1,392 | 1,842 | 2,101 | 1,504 | 1,553 | 1,624 | 1,439 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,392 | 1,842 | 2,101 | 1,504 | 1,553 | 1,624 | 1,439 | |
| Other comprehensive income (loss) | 148 | 76 | (183) | 184 | (8) | 17 | 153 | |
| Comprehensive income, net of tax, attributable to parent: | 1,540 | 1,918 | 1,918 | 1,688 | 1,545 | 1,641 | 1,592 | |
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.