DXC Technology Company (DXC) financial statements (2022 and earlier)

Company profile

Business Address 20408 BASHAN DRIVE
ASHBURN, VA 20147
State of Incorp. NV
Fiscal Year End March 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9192,9683,6792,8992,648
Cash and cash equivalents2,9192,9683,6792,8992,648
Receivables3,6704,1564,3925,1815,913
Prepaid expense600567646627571
Disposal group, including discontinued operation 160   
Other current assets314357270359485
Total current assets:7,5038,2088,9879,0669,617
Noncurrent Assets
Finance lease, right-of-use asset7138341,220
Operating lease, right-of-use asset1,1221,3661,428
Nontrade receivables 13618013792
Property, plant and equipment   3,1793,646
Intangible assets, net (including goodwill)4,2044,6847,74813,54517,743
Goodwill6296412,0177,6069,652
Intangible assets, net (excluding goodwill)3,5754,0435,7315,9398,091
Disposal group, including discontinued operation, noncurrent assets 353   
Deferred income tax assets259289265
Other noncurrent assets4,3104,1924,0313,4292,542
Other undisclosed noncurrent assets1,8421,9762,147218281
Total noncurrent assets:12,45013,83017,01920,50824,304
TOTAL ASSETS:19,95322,03826,00629,57433,921
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,4335,3385,1045,6735,940
Accounts payable7599141,5981,6661,708
Accrued liabilities3,1113,3582,8013,3553,466
Employee-related liabilities563698630652766
Taxes payable 36875  
Deferred revenue1,0011,0791,021
Debt7061,1671,2761,9422,073
Restructuring reserve143225145  
Liability for uncertainty in income taxes 3012  
Disposal group, including discontinued operation 118   
Deferred revenue and credits1,694
Contract with customer, liability1,630
Other undisclosed current liabilities445193337208145
Total current liabilities:6,7288,1507,8959,4539,852
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,2364,3458,6725,4706,306
Long-term debt, excluding current maturities4,2364,3458,6725,4706,306
Finance lease, liability367496602
Capital lease obligations645 
Operating lease, liability8051,0381,063
Other undisclosed long-term debt and lease obligation(1,172)(1,534)(1,665)(645) 
Liabilities, other than long-term debt2,3623,2423,2822,2652,597
Deferred revenue and credits802
Accounts payable and accrued liabilities 130168201 
Deferred revenue882622735
Contract with customer, liability256
Deferred income tax liabilities 360718
Liability for uncertainty in income taxes 364271216 
Liability, pension and other postretirement and postemployment benefits 793761790879
Restructuring reserve444535106 
Disposal group, including discontinued operation, liabilities 20   
Other liabilities1,436908594696916
Other undisclosed noncurrent liabilities1,5409931,0286611,329
Total noncurrent liabilities:8,1388,58012,9828,39610,232
Total liabilities:14,86616,73020,87717,84920,084
Stockholders' equity
Stockholders' equity attributable to parent4,7724,9734,78511,40213,487
Common stock33333
Treasury stock, value(171)(158)(152)(136)(85)
Additional paid in capital10,38310,76110,71411,30112,210
Accumulated other comprehensive income (loss)(385)(302)(603)(244)58
Retained earnings (accumulated deficit)(5,058)(5,331)(5,177)4781,301
Stockholders' equity attributable to noncontrolling interest315335344323350
Total stockholders' equity:5,0875,3085,12911,72513,837
TOTAL LIABILITIES AND EQUITY:19,95322,03826,00629,57433,921

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues15,22417,72919,57720,75324,556
Cost of revenue(14,854)(15,874)(14,904) (45)
Cost of goods and services sold(9,522)(14,086)(14,901)  
Financial services costs(45)
Gross profit:3701,8554,67320,75324,511
Operating expenses13,342(1,201)(10,748)(19,238)(22,885)
Other operating income (expense), net188(102)720  
Other undisclosed operating income (loss)(13,474)5507,4161,7541,873
Operating income:4261,1022,0613,2693,499
Nonoperating expense(124)(124)   
Net periodic defined benefits expense (reversal of expense), excluding service cost component (110)  
Interest and debt expense(586)(402)(383)(334)(335)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (6,906)(1,420)(1,493)
Income (loss) from continuing operations before equity method investments, income taxes:(284)576(5,228)1,5151,671
Other undisclosed income from continuing operations before income taxes2,94678   
Income (loss) from continuing operations before income taxes:2,662654(5,228)1,5151,671
Income tax expense (benefit)(754)(800)(130)(288)111
Income (loss) from continuing operations:1,908(146)(5,358)1,2271,782
Income from discontinued operations   35 
Net income (loss):1,908(146)(5,358)1,2621,782
Net income (loss) attributable to noncontrolling interest5(3)(11)(5)(31)
Net income (loss) available to common stockholders, diluted:1,913(149)(5,369)1,2571,751

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net income (loss):1,908(146)(5,358)1,2621,782
Other comprehensive income (loss)155304(348)(305)220
Comprehensive income (loss):2,063158(5,706)9572,002
Comprehensive loss, net of tax, attributable to noncontrolling interest (6)(22)(2)(31)
Comprehensive income (loss), net of tax, attributable to parent:2,063152(5,728)9551,971

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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