Open Text Corporation (OTEX) financial statements (2021 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)
| 12/31/2020 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,501 | 1,693 | 941 | 683 | 443 | 1,296 | 711 | ||
| Cash and cash equivalents | 1,501 | 1,693 | 941 | 683 | 443 | 1,284 | 700 | ||
| Short-term investments | 12 | 11 | |||||||
| Receivables | 470 | 528 | 502 | 544 | 478 | 318 | 305 | ||
| Contract with customer, asset | 27 | 30 | 21 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred costs | 27 | 29 | 18 | 14 | |||||
| Other undisclosed current assets | 130 | 136 | 97 | 74 | 53 | 41 | 70 | ||
| Total current assets: | 2,129 | 2,386 | 1,561 | 1,328 | 1,003 | 1,672 | 1,100 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 235 | 208 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Nontrade receivables | 29 | 30 | 38 | 24 | 9 | 9 | 8 | ||
| Property, plant and equipment | 227 | 245 | 249 | 264 | 227 | 184 | 160 | ||
| Intangible assets, net (including goodwill) | 6,099 | 6,285 | 4,916 | 4,877 | 4,889 | 2,972 | 2,841 | ||
| Goodwill | 4,696 | 4,672 | 3,770 | 3,580 | 3,417 | 2,326 | 2,162 | ||
| Intangible assets, net (excluding goodwill) | 1,403 | 1,613 | 1,147 | 1,297 | 1,473 | 646 | 679 | ||
| Contract with customer, asset, net | 18 | 15 | 15 | ✕ | ✕ | ✕ | ✕ | ||
| Restricted cash and investments | 12 | ||||||||
| Deferred costs | 38 | 42 | 23 | 37 | |||||
| Deferred income tax assets | 867 | 912 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 164 | 154 | 149 | 111 | 94 | 54 | 86 | ||
| Other undisclosed noncurrent assets | 1,004 | 1,123 | 1,216 | 241 | 143 | ||||
| Total noncurrent assets: | 7,641 | 7,848 | 6,373 | 6,437 | 6,477 | 3,482 | 3,288 | ||
| TOTAL ASSETS: | 9,769 | 10,235 | 7,934 | 7,765 | 7,481 | 5,154 | 4,388 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 299 | 371 | 328 | 307 | 333 | 259 | 224 | ||
| Accounts payable | 42 | 41 | 46 | 42 | 44 | 36 | 16 | ||
| Accrued liabilities | 91 | 129 | 118 | 109 | 136 | 113 | 108 | ||
| Employee-related liabilities | 126 | 155 | 131 | 118 | 122 | 78 | 84 | ||
| Taxes payable | 39 | 45 | 33 | 38 | 32 | 32 | 17 | ||
| Deferred revenue | 798 | 812 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 10 | 610 | 10 | 10 | 183 | 8 | 8 | ||
| Restructuring reserve | 14 | 12 | 8 | 6 | 14 | 5 | 12 | ||
| Asset retirement obligation | 3 | 4 | 2 | 3 | 2 | 2 | 1 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 570 | 374 | 358 | |||
| Deferred tax liabilities | ✕ | ✕ | 1 | ||||||
| Contract with customer, liability | ✕ | ✕ | 642 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 411 | 95 | 25 | 669 | 25 | 24 | 21 | ||
| Total current liabilities: | 1,536 | 1,904 | 1,015 | 995 | 1,127 | 671 | 625 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,809 | 3,801 | 2,605 | 2,611 | 2,387 | 2,138 | 2,088 | ||
| Long-term debt, excluding current maturities | 3,582 | 3,584 | 2,605 | 2,611 | 2,387 | 2,138 | 1,580 | ||
| Operating lease, liability | 227 | 217 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 508 | ||||||||
| Liabilities, other than long-term debt | 421 | 522 | 374 | 294 | 333 | 278 | 340 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 3 | 62 | 37 | 28 | ||
| Accounts payable and accrued liabilities | 11 | 8 | 30 | 36 | 37 | 19 | 25 | ||
| Deferred revenue | 97 | 94 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | 47 | ✕ | ✕ | ✕ | ✕ | ||
| Asset retirement obligations | 14 | 13 | 14 | 13 | 11 | 7 | 8 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 69 | ||||||
| Deferred income tax liabilities | 179 | 149 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liability for uncertainty in income taxes | 33 | 171 | 202 | 172 | 162 | 149 | 151 | ||
| Liability, pension and other postretirement and postemployment benefits | 83 | 73 | 75 | 66 | 59 | 62 | 57 | ||
| Restructuring reserve | 4 | 14 | 5 | 4 | 3 | 4 | 2 | ||
| Other undisclosed noncurrent liabilities | 56 | 149 | 100 | 88 | (495) | ||||
| Total noncurrent liabilities: | 4,229 | 4,324 | 3,035 | 3,053 | 2,820 | 2,504 | 1,933 | ||
| Total liabilities: | 5,766 | 6,228 | 4,049 | 4,048 | 3,947 | 3,175 | 2,559 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 4,002 | 4,005 | 3,883 | 3,716 | 3,532 | 1,979 | 1,829 | ||
| Treasury stock, value | (48) | (24) | (29) | (19) | (28) | (25) | (20) | ||
| Additional paid in capital | 174 | 147 | 126 | ||||||
| Accumulated other comprehensive income | 66 | 18 | 24 | 34 | 49 | 46 | 52 | ||
| Retained earnings | 2,093 | 2,159 | 2,114 | 1,994 | 1,898 | 993 | 863 | ||
| Other undisclosed stockholders' equity attributable to parent | 1,890 | 1,852 | 1,774 | 1,707 | 1,440 | 818 | 808 | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Total stockholders' equity: | 4,003 | 4,007 | 3,885 | 3,717 | 3,533 | 1,979 | 1,830 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,769 | 10,235 | 7,934 | 7,765 | 7,481 | 5,154 | 4,388 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,301 | 3,110 | 2,869 | 2,815 | 2,291 | 1,824 | 1,852 | |
| Revenue, net | ✕ | ✕ | ✕ | 1,670 | 1,350 | 1,030 | 1,026 | |
| Cost of revenue | (1,044) | (1,004) | (931) | (951) | (762) | (574) | (602) | |
| Cost of goods and services sold | (1,044) | (1,004) | (931) | (148) | (136) | (100) | (108) | |
| Gross profit: | 2,257 | 2,106 | 1,938 | 1,864 | 1,529 | 1,250 | 1,250 | |
| Operating expenses | (1,653) | (1,602) | (1,371) | (1,358) | (1,176) | (882) | (901) | |
| Operating income: | 603 | 504 | 567 | 505 | 353 | 369 | 349 | |
| Nonoperating income (expense) | (3) | (12) | 10 | 19 | 16 | (1) | (25) | |
| Foreign currency transaction loss, before tax | (1) | (4) | ||||||
| Other nonoperating income (expense) | 1 | 1 | 10 | 18 | 16 | (1) | (28) | |
| Interest and debt expense | (20) | (5) | (4) | (5) | (6) | (5) | (7) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (132) | (133) | (113) | (72) | (50) | |||
| Income from continuing operations before equity method investments, income taxes: | 580 | 487 | 441 | 386 | 250 | 291 | 266 | |
| Income from equity method investments | 9 | 9 | 14 | 6 | 6 | |||
| Other undisclosed loss from continuing operations before income taxes | (147) | (150) | (14) | (6) | (6) | |||
| Income from continuing operations before income taxes: | 442 | 345 | 441 | 386 | 250 | 291 | 266 | |
| Income tax expense (benefit) | (351) | (111) | (155) | (144) | 776 | (6) | (32) | |
| Net income: | 90 | 234 | 286 | 242 | 1,026 | 284 | 234 | |
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Net income available to common stockholders, diluted: | 90 | 234 | 286 | 242 | 1,026 | 284 | 234 | |
Comprehensive Income ($ in millions)
| 12/31/2020 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 90 | 234 | 286 | 242 | 1,026 | 284 | 234 | |
| Other comprehensive income (loss) | (5) | (6) | 2 | 2 | (1) | |||
| Other undisclosed comprehensive income (loss) | 47 | (11) | (17) | 4 | (6) | 12 | ||
| Comprehensive income: | 132 | 228 | 276 | 227 | 1,028 | 279 | 247 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Comprehensive income, net of tax, attributable to parent: | 132 | 228 | 276 | 227 | 1,028 | 279 | 247 | |
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.