Cognizant Technology Solutions Corporation (CTSH) financial statements (2021 and earlier)

Company profile

Business Address 500 FRANK W. BURR BLVD.
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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,4244,5115,0565,1694,9503,7753,747
Cash and cash equivalents2,6451,1611,9252,0342,1252,0102,213
Short-term investments7793,3503,1313,1352,8241,7651,534
Receivables3,2563,2573,2222,9052,2531,9691,649
Prepaid expense and other current assets✕✕✕✕✕✕269
Costs in excess of billings✕✕  369325226
Other current assets931909833526338353 
Other undisclosed current assets     330256
Total current assets:7,6118,6779,1118,6007,9096,7506,148
Noncurrent Assets
Finance lease, right-of-use asset16✕✕✕✕✕✕
Operating lease, right-of-use asset926✕✕✕✕✕✕
Property, plant and equipment1,3091,3941,3241,3111,2711,2471,081
Long-term investments and receivables178023562   
Long-term investments178023562   
Intangible assets, net (including goodwill)5,0204,6313,6853,5053,2693,367576
Goodwill3,9793,4812,7042,5542,4052,414444
Intangible assets, net (excluding goodwill)1,0411,150981951864954131
Other noncurrent assets736689448359269210 
Prepaid expense and other noncurrent assets✕✕✕✕✕✕183
Other undisclosed noncurrent assets569442418425348144221
Total noncurrent assets:8,5937,2366,1105,6625,1574,9692,061
TOTAL ASSETS:16,20415,91315,22114,26213,06511,7198,209
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7671,7031,6301,4181,5241,1591,033
Accounts payable239215210175165146113
Accrued liabilities137110100997083 
Employee-related liabilities1,2391,2161,2721,1341,272907895
Taxes payable1521624810172424
Deferred revenue313✕✕✕✕✕✕
Debt38917581406700 
Derivative instruments and hedges, liabilities825541197192
Customer refund liability251      
Deferred revenue and credits✕✕383306324224183
Other liabilities380369325315183185122
Other undisclosed current liabilities226671321294266227246
Total current liabilities:2,9832,7772,8392,4182,7142,5921,775
Noncurrent Liabilities
Long-term debt and lease obligation1,460736698797881938 
Long-term debt, excluding current maturities700736698797881938 
Finance lease, liability15✕✕✕✕✕✕
Operating lease, liability745✕✕✕✕✕✕
Liabilities, other than long-term debt7199141,015319192449299
Deferred revenue and credits✕✕1041514981 
Accounts payable and accrued liabilities478478584    
Deferred revenue23✕✕✕✕✕✕
Deferred tax liabilities, net✕1831466325221
Other liabilities218253181162140116277
Other undisclosed noncurrent liabilities2062     
Total noncurrent liabilities:2,1991,7121,7131,1161,0741,387299
Total liabilities:5,1824,4894,5523,5343,7873,9792,073
Stockholders' equity
Stockholders' equity attributable to parent11,02211,42410,66910,7289,2787,7406,136
Common stock5666663
Additional paid in capital334749358453556547
Accumulated other comprehensive income (loss)(38)(114)70(114)(106)(123)(276)
Retained earnings11,02211,48510,54410,4788,9257,3025,862
Total stockholders' equity:11,02211,42410,66910,7289,2787,7406,136
TOTAL LIABILITIES AND EQUITY:16,20415,91315,22114,26213,06511,7198,209

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues16,78316,12514,81013,48712,41610,2638,843
Revenue, net✕✕14,81013,48712,41610,2638,843
Cost of revenue
(Cost of Goods and Services Sold)		(10,634)      
Gross profit:6,14916,12514,81013,48712,41610,2638,843
Operating expenses(3,696)(3,026)(2,769)(2,731)(2,834)(2,241)(1,903)
Other undisclosed operating loss (10,298)(9,560)(8,467)(7,440)(6,136)(5,262)
Operating income:2,4532,8012,4812,2892,1421,8851,678
Nonoperating income (expense)90(4)17468223910
Investment income, nonoperating176177133115846549
Foreign currency transaction gain (loss), before tax(65)(152)67(30)(43)(20) 
Other nonoperating income (expense)5(2)(3)2(2)(0)(39)
Interest and debt expense(26)(27)(23)(19)(18)(2) 
Other undisclosed income from continuing operations before equity method investments, income taxes26272319182 
Income from continuing operations before equity method investments, income taxes:2,5432,7972,6552,3572,1641,9241,688
Income (loss) from equity method investments(58)221   
Income from continuing operations before income taxes:2,4852,7992,6572,3582,1641,9241,688
Income tax expense(643)(698)(1,153)(805)(540)(485)(459)
Net income available to common stockholders, diluted:1,8422,1011,5041,5531,6241,4391,229

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,8422,1011,5041,5531,6241,4391,229
Other comprehensive income (loss)76(183)184(8)17153(37)
Comprehensive income, net of tax, attributable to parent:1,9181,9181,6881,5451,6411,5921,192

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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