Igate Corp (IGTE) financial statements (2021 and earlier)

Company profile

Business Address 1000 COMMERCE DRIVE
PITTSBURGH, PA 15275
State of Incorp. PA
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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments187386606
Cash and cash equivalents10420595
Short-term investments82181511
Restricted cash and investments5  
Receivables244219235
Prepaid expense88
Deferred costs3148
Derivative instruments and hedges, assets311
Deposits current assets3  
Prepaid expense and other current assets32
Deferred tax assets  (15)
Other current assets54
Other undisclosed current assets3939433
Total current assets:4981,026900
Noncurrent Assets
Nontrade receivables31
Property, plant and equipment234166167
Intangible assets, net (including goodwill)533558638
Goodwill430439493
Intangible assets, net (excluding goodwill)103119144
Deposits noncurrent assets1925 
Deferred costs 12 
Other noncurrent assets 6
Deferred tax assets, net  (25)
Other undisclosed noncurrent assets90107196
Total noncurrent assets:908873976
TOTAL ASSETS:1,4061,8991,876
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities987168
Accounts payable1198
Accrued liabilities30  
Employee-related liabilities485755
Taxes payable656
Interest and dividends payable4  
Debt127503112
Derivative instruments and hedges, liabilities118
Deferred revenue and credits181818
Other liabilities85 
Other undisclosed current liabilities297582
Total current liabilities:281673288
Noncurrent Liabilities
Long-term debt and lease obligation5606811,034
Long-term debt, excluding current maturities5596801,034
Capital lease obligations111
Liabilities, other than long-term debt485976
Accounts payable and accrued liabilities8  
Accrued income taxes1417
Deferred tax liabilities, net334255
Other liabilities643
Other undisclosed noncurrent liabilities(1)(1)(1)
Total noncurrent liabilities:6077391,110
Total liabilities:8871,4121,398
Temporary equity, carrying amount  32
Stockholders' equity
Stockholders' equity attributable to parent5157268
Common stock111
Treasury stock, value(15)(15)(15)
Additional paid in capital671204185
Accumulated other comprehensive loss(410)(387)(275)
Retained earnings268269171
Stockholders' equity attributable to noncontrolling interest45 
Total stockholders' equity:5197768
Other undisclosed liabilities and equity 410378
TOTAL LIABILITIES AND EQUITY:1,4061,8991,876

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

12/31/2014
12/31/2013
12/31/2012
Revenues1,2681,1511,074
Cost of revenue(812)(698)(650)
Gross profit:457453424
Operating expenses(240)(224)(220)
Other undisclosed operating income (loss)3(2)2
Operating income:220227206
Nonoperating income397436
Investment income, nonoperating113327
Foreign currency transaction gain (loss), before tax11(4)(20)
Other nonoperating income164528
Interest and debt expense(102)(88)(84)
Income from continuing operations before equity method investments, income taxes:158214158
Other undisclosed loss from continuing operations before income taxes(11)(33)(27)
Income from continuing operations before income taxes:147180131
Income tax expense(36)(50)(31)
Net income:110130100
Net loss attributable to noncontrolling interest(0)(0)(4)
Net income attributable to parent:11013096
Preferred stock dividends and other adjustments(31)(32)(29)
Net income available to common stockholders, diluted:799866

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net income:110130100
Other undisclosed comprehensive loss(54)(146)(46)
Comprehensive income (loss):56(16)54
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(2)4
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 3(9)
Comprehensive income (loss), net of tax, attributable to parent:56(15)50

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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