Verint Systems Inc. (VRNT) financial statements (2020 and earlier)

Company profile

Business Address 175 BROADHOLLOW ROAD
MELVILLE, NY 11747
State of Incorp. DE
Fiscal Year End January 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments399402345311408321411
Cash and cash equivalents379370338307352285379
Short-term investments203273563632
Restricted cash and investments44423391237 
Receivables382376296267256262194
Inventory, net of allowances, customer advances and progress billings20252018181811
Inventory20252018181811
Contract with customer, asset65 
Deferred costs 10642711
Prepaid expense and other current assets52
Other undisclosed current assets881518265586615
Total current assets:9991,006782672754710694
Noncurrent Assets
Operating lease, right-of-use asset102
Property, plant and equipment1161008978696240
Long-term investments and receivables 4     
Long-term investments 4     
Intangible assets, net (including goodwill)1,6671,6431,6141,5001,4541,513986
Goodwill1,4691,4171,3881,2651,2071,201853
Intangible assets, net (excluding goodwill)198225226235247312133
Regulated entity, other noncurrent assets 34 6  
Restricted cash and investments 2328 1520
Deferred costs 535131510
Other noncurrent assets1187952773630 
Prepaid expense and other noncurrent assets24
Other undisclosed noncurrent assets14583181918
Total noncurrent assets:2,0171,8611,7981,6911,6021,6411,079
TOTAL ASSETS:3,0162,8672,5812,3632,3562,3511,773
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities301280305275272309253
Accounts payable72728562657366
Accrued liabilities230208220213207222179
Taxes payable     99
Interest and dividends payable     5 
Deferred revenue397
Debt4455207
Derivative instruments and hedges, liabilities     10 
Business combination, contingent consideration, liability     4
Deferred revenue and credits196183168181162
Billings in excess of cost   7547
Deferred tax liabilities    20
Other undisclosed current liabilities 377   (103)(56)
Total current liabilities:703662506462442478413
Noncurrent Liabilities
Long-term debt and lease obligation923778768744736737636
Long-term debt, excluding current maturities833778768744736737636
Operating lease, liability90
Liabilities, other than long-term debt108137174141109192133
Deferred revenue and credits2521202114
Deferred revenue41
Deferred tax liabilities, net433526273113
Liability for uncertainty in income taxes     5042
Other liabilities679311494628063
Business combination, contingent consideration, liability     11
Other undisclosed noncurrent liabilities4030   (61)(42)
Total noncurrent liabilities:1,071944943885845868726
Total liabilities:1,7741,6061,4481,3481,2881,3461,140
Stockholders' equity
Stockholders' equity attributable to parent1,2291,2491,1211,0071,060998627
Common stock0000000
Treasury stock, value(174)(58)(57)(57)(10)(10)(8)
Additional paid in capital1,6611,5861,5201,4491,3881,321925
Accumulated other comprehensive loss(152)(145)(103)(155)(116)(94)(40)
Accumulated deficit(106)(134)(238)(231)(201)(219)(250)
Stockholders' equity attributable to noncontrolling interest1312128876
Total stockholders' equity:1,2421,2611,1321,0151,0681,005633
TOTAL LIABILITIES AND EQUITY:3,0162,8672,5812,3632,3562,3511,773

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

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Revenues1,3041,2301,1351,0621,1301,128907
Revenue, net1,2301,1351,0621,1301,132911
Cost of revenue(464)(449)(447)(423)(429)(415)(306)
Cost of goods and services sold (424)(409)(385)(393)(384)(294)
Gross profit:840781688639701713601
Operating expenses(752)(666)(640)(622)(634)(634)(479)
Operating income:8811449176879122
Nonoperating expense(35)(36)(30)(41)(45)(58)(59)
Investment income, nonoperating6521111
Foreign currency transaction loss, before tax     (13)(6)
Other nonoperating income (expense)0(4)6(7)(12)(10)(20)
Interest and debt expense(40)(37)(2)(35)(34)(49)(40)
Other undisclosed income from continuing operations before equity method investments, income taxes4037235344940
Income (loss) from continuing operations before income taxes:537819(23)232163
Income tax expense (benefit)(18)(8)(22)(3)(1)15(5)
Net income (loss):3670(3)(26)223659
Net loss attributable to noncontrolling interest(7)(4)(3)(3)(5)(5)(5)
Net income (loss) attributable to parent:2966(7)(29)183154
Preferred stock dividends and other adjustments      (0)
Net income (loss) available to common stockholders, diluted:2966(7)(29)183154

Comprehensive Income ($ in millions)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Net income (loss):3670(3)(26)223659
Other comprehensive income (loss)(7)(42)52(39)(22)(55)4
Comprehensive income (loss):292848(65)(0)(19)63
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(4)(4)(3)(4)(5)5
Other undisclosed comprehensive loss, net of tax, attributable to parent      (10)
Comprehensive income (loss), net of tax, attributable to parent:222445(68)(4)(24)58

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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