Open Text Corporation (OTEX) financial statements (2022 and earlier)

Company profile

Business Address 275 FRANK TOMPA DRIVE
ONTARIO CANADA, ON N2L 0A1
State of Incorp. ON
Fiscal Year End June 30
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5121,6071,6939416834431,296
Cash and cash equivalents1,5121,6071,6939416834431,284
Short-term investments      12
Restricted cash and investments63     
Receivables447471528502544478318
Contract with customer, asset22253021
Capitalized contract cost2323  
Deferred costs    272918
Other undisclosed current assets897313697745341
Total current assets:2,0992,2022,3861,5611,3281,0031,672
Noncurrent Assets
Operating lease, right-of-use asset231235208
Nontrade receivables413530382499
Property, plant and equipment244234245249264227184
Intangible assets, net (including goodwill)6,5505,8796,2854,9164,8774,8892,972
Goodwill5,1954,6924,6723,7703,5803,4172,326
Intangible assets, net (excluding goodwill)1,3551,1871,6131,1471,2971,473646
Contract with customer, asset, net23191515
Deferred costs    384223
Deferred income tax assets748797912
Other noncurrent assets2282091541491119454
Other undisclosed noncurrent assets   1,0041,1231,216241
Total noncurrent assets:8,0657,4077,8486,3736,4376,4773,482
TOTAL ASSETS:10,1659,60910,2357,9347,7657,4815,154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities327386371328307333259
Accounts payable63584146424436
Accrued liabilities9382129118109136113
Employee-related liabilities14621515513111812278
Taxes payable25324533383232
Deferred revenue849853812
Debt101061010101838
Restructuring reserve141286145
Asset retirement obligation3242322
Deferred revenue and credits 570374
Contract with customer, liability642
Other undisclosed current liabilities11210795256692524
Total current liabilities:1,3031,3621,9041,0159951,127671
Noncurrent Liabilities
Long-term debt and lease obligation4,4263,8033,8012,6052,6112,3872,138
Long-term debt, excluding current maturities4,2113,5793,5842,6052,6112,3872,138
Operating lease, liability215224217
Liabilities, other than long-term debt306345522374294333278
Deferred revenue and credits36237
Accounts payable and accrued liabilities111830363719
Deferred revenue919994
Contract with customer, liability47
Asset retirement obligations1214131413117
Deferred income tax liabilities89108149
Liability for uncertainty in income taxes3434171202172162149
Liability, pension and other postretirement and postemployment benefits75757375665962
Restructuring reserve34145434
Other undisclosed noncurrent liabilities   5614910088
Total noncurrent liabilities:4,7324,1484,3243,0353,0532,8202,504
Total liabilities:6,0355,5106,2284,0494,0483,9473,175
Stockholders' equity
Stockholders' equity attributable to parent, including:4,1294,0984,0053,8833,7163,5321,979
Treasury stock, value(68)(69)(24)(29)(19)(28)(25)
Additional paid in capital     174147
Accumulated other comprehensive income31661824344946
Retained earnings2,1742,1532,1592,1141,9941,898993
Other undisclosed stockholders' equity attributable to parent1,9911,9481,8521,7741,7071,440818
Stockholders' equity attributable to noncontrolling interest1211111
Total stockholders' equity:4,1304,0994,0073,8853,7173,5331,979
TOTAL LIABILITIES AND EQUITY:10,1659,60910,2357,9347,7657,4815,154

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues3,4363,3863,1102,8692,8152,2911,824
Revenue, net1,6701,3501,030
Cost of revenue(1,052)(1,034)(1,004)(931)(951)(762)(574)
Cost of goods and services sold(1,052)(1,034)(1,004)(931)(148)(136)(100)
Gross profit:2,3832,3522,1061,9381,8641,5291,250
Operating expenses(1,684)(1,611)(1,602)(1,371)(1,358)(1,176)(882)
Operating income:700741504567505353369
Nonoperating income (expense)5861(12)101916(1)
Foreign currency transaction loss, before tax(3) (4)    
Other nonoperating income (expense)0(0)1101816(1)
Interest and debt expense(29)(5)(5)(4)(5)(6)(5)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (132)(133)(113)(72)
Income from continuing operations before equity method investments, income taxes:729798487441386250291
Income from equity method investments636391466 
Other undisclosed loss from continuing operations before income taxes(187)(210)(150)(14)(6)(6) 
Income from continuing operations before income taxes:606651345441386250291
Income tax expense (benefit)(112)(340)(111)(155)(144)776(6)
Net income:4933112342862421,026284
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:4933112342862421,026284

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income:4933112342862421,026284
Other comprehensive income (loss)(2)(1)(6)22(1) 
Other undisclosed comprehensive income (loss)(33)50 (11)(17)4(6)
Comprehensive income:4583592282762271,028279
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:4583592282762271,028279

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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