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 investments2,7243,4244,5115,0565,1694,9503,775
Cash and cash equivalents2,6802,6451,1611,9252,0342,1252,010
Short-term investments447793,3503,1313,1352,8241,765
Receivables3,0873,2563,2573,2222,9052,2531,969
Costs in excess of billings  369325
Other current assets1,040931909833526338353
Other undisclosed current assets      330
Total current assets:6,8517,6118,6779,1118,6007,9096,750
Noncurrent Assets
Finance lease, right-of-use asset 16
Operating lease, right-of-use asset1,013926
Property, plant and equipment1,2511,3091,3941,3241,3111,2711,247
Long-term investments and receivables440178023562  
Long-term investments440178023562  
Intangible assets, net (including goodwill)6,0775,0204,6313,6853,5053,2693,367
Goodwill5,0313,9793,4812,7042,5542,4052,414
Intangible assets, net (excluding goodwill)1,0461,0411,150981951864954
Deferred income tax assets445 
Other noncurrent assets846736689448359269210
Other undisclosed noncurrent assets 569442418425348144
Total noncurrent assets:10,0728,5937,2366,1105,6625,1574,969
TOTAL ASSETS:16,92316,20415,91315,22114,26213,06511,719
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1731,7671,7031,6301,4181,5241,159
Accounts payable389239215210175165146
Accrued liabilities143137110100997083
Employee-related liabilities1,6071,2391,2161,2721,1341,272907
Taxes payable3415216248101724
Deferred revenue383313
Debt4938917581406700
Derivative instruments and hedges, liabilities1825541197
Customer refund liability 251     
Deferred revenue and credits383306324224
Other liabilities461380369325315183185
Other undisclosed current liabilities473226671321294266227
Total current liabilities:3,5402,9832,7772,8392,4182,7142,592
Noncurrent Liabilities
Long-term debt and lease obligation1,5091,460736698797881938
Long-term debt, excluding current maturities663700736698797881938
Finance lease, liability 15
Operating lease, liability846745
Liabilities, other than long-term debt1,0387199141,015319192449
Deferred revenue and credits1041514981
Accounts payable and accrued liabilities428478478584   
Deferred revenue3623
Deferred tax liabilities, net18314663252
Deferred income tax liabilities206 
Other liabilities368218253181162140116
Other undisclosed noncurrent liabilities 2062    
Total noncurrent liabilities:2,5472,1991,7121,7131,1161,0741,387
Total liabilities:6,0875,1824,4894,5523,5343,7873,979
Stockholders' equity
Stockholders' equity attributable to parent10,83611,02211,42410,66910,7289,2787,740
Common stock5566666
Additional paid in capital32334749358453556
Accumulated other comprehensive income (loss)110(38)(114)70(114)(106)(123)
Retained earnings10,68911,02211,48510,54410,4788,9257,302
Total stockholders' equity:10,83611,02211,42410,66910,7289,2787,740
TOTAL LIABILITIES AND EQUITY:16,92316,20415,91315,22114,26213,06511,719

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
Revenues16,65216,78316,12514,81013,48712,41610,263
Revenue, net14,81013,48712,41610,263
Cost of revenue
(Cost of Goods and Services Sold)
(10,671)(10,634)     
Gross profit:5,9816,14916,12514,81013,48712,41610,263
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:2,1142,4532,8012,4812,2892,1421,885
Nonoperating income (expense)(18)90(4)174682239
Investment income, nonoperating1191761771331158465
Foreign currency transaction gain (loss), before tax(116)(65)(152)67(30)(43)(20)
Other nonoperating income (expense)35(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 taxes2426272319182
Income from continuing operations before equity method investments, income taxes:2,0962,5432,7972,6552,3572,1641,924
Income (loss) from equity method investments (58)221  
Income from continuing operations before income taxes:2,0962,4852,7992,6572,3582,1641,924
Income tax expense(704)(643)(698)(1,153)(805)(540)(485)
Net income available to common stockholders, diluted:1,3921,8422,1011,5041,5531,6241,439

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:1,3921,8422,1011,5041,5531,6241,439
Other comprehensive income (loss)14876(183)184(8)17153
Comprehensive income, net of tax, attributable to parent:1,5401,9181,9181,6881,5451,6411,592

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.

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