Verint Systems Inc. (VRNT) financial statements (2021 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)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments715399402345311408321
Cash and cash equivalents664379370338307352285
Short-term investments512032735636
Restricted cash and investments2744423391237
Receivables381382376296267256262
Inventory, net of allowances, customer advances and progress billings20202520181818
Inventory20202520181818
Contract with customer, asset5765 
Deferred costs  106427
Other undisclosed current assets788815182655866
Total current assets:1,2789991,006782672754710
Noncurrent Assets
Operating lease, right-of-use asset89102
Property, plant and equipment10611610089786962
Long-term investments and receivables  4    
Long-term investments  4    
Intangible assets, net (including goodwill)1,6351,6671,6431,6141,5001,4541,513
Goodwill1,4861,4691,4171,3881,2651,2071,201
Intangible assets, net (excluding goodwill)149198225226235247312
Regulated entity, other noncurrent assets  34 6 
Restricted cash and investments  2328 152
Deferred costs  5351315
Deferred income tax assets14 
Other noncurrent assets1391187952773630
Other undisclosed noncurrent assets 145831819
Total noncurrent assets:1,9842,0171,8611,7981,6911,6021,641
TOTAL ASSETS:3,2613,0162,8672,5812,3632,3562,351
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities389301280305275272309
Accounts payable77727285626573
Accrued liabilities312230208220213207222
Taxes payable      9
Interest and dividends payable      5
Deferred revenue388397
Debt387445520
Derivative instruments and hedges, liabilities      10
Business combination, contingent consideration, liability      4
Deferred revenue and credits196183168181
Billings in excess of cost   75
Deferred tax liabilities    2
Other undisclosed current liabilities  377   (103)
Total current liabilities:1,163703662506462442478
Noncurrent Liabilities
Long-term debt and lease obligation483923778768744736737
Long-term debt, excluding current maturities403833778768744736737
Operating lease, liability8090
Liabilities, other than long-term debt127108137174141109192
Deferred revenue and credits25212021
Deferred revenue3941
Deferred tax liabilities, net4335262731
Deferred income tax liabilities37 
Liability for uncertainty in income taxes      50
Other liabilities526793114946280
Business combination, contingent consideration, liability      11
Other undisclosed noncurrent liabilities 4030   (61)
Total noncurrent liabilities:6101,071944943885845868
Total liabilities:1,7731,7741,6061,4481,3481,2881,346
Temporary equity, carrying amount205      
Stockholders' equity
Stockholders' equity attributable to parent1,2671,2291,2491,1211,0071,060998
Common stock0000000
Treasury stock, value(208)(174)(58)(57)(57)(10)(10)
Additional paid in capital1,7261,6611,5861,5201,4491,3881,321
Accumulated other comprehensive loss(137)(152)(145)(103)(155)(116)(94)
Accumulated deficit(114)(106)(134)(238)(231)(201)(219)
Stockholders' equity attributable to noncontrolling interest15131212887
Total stockholders' equity:1,2831,2421,2611,1321,0151,0681,005
TOTAL LIABILITIES AND EQUITY:3,2613,0162,8672,5812,3632,3562,351

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

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues1,2741,3041,2301,1351,0621,1301,128
Revenue, net1,2301,1351,0621,1301,132
Cost of revenue(416)(464)(449)(447)(423)(429)(415)
Cost of goods and services sold  (424)(409)(385)(393)(384)
Gross profit:858840781688639701713
Operating expenses(749)(752)(666)(640)(622)(634)(634)
Operating income:1098811449176879
Nonoperating expense(92)(35)(36)(30)(41)(45)(58)
Investment income, nonoperating3652111
Foreign currency transaction loss, before tax      (13)
Other nonoperating income (expense)(55)0(4)6(7)(12)(10)
Interest and debt expense(40)(40)(37)(2)(35)(34)(49)
Other undisclosed income from continuing operations before equity method investments, income taxes4040372353449
Income (loss) from continuing operations before income taxes:16537819(23)2321
Income tax expense (benefit)(16)(18)(8)(22)(3)(1)15
Net income (loss):(0)3670(3)(26)2236
Net loss attributable to noncontrolling interest(7)(7)(4)(3)(3)(5)(5)
Net income (loss) attributable to parent:(7)2966(7)(29)1831
Preferred stock dividends and other adjustments(8)      
Net income (loss) available to common stockholders, diluted:(15)2966(7)(29)1831

Comprehensive Income ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income (loss):(0)3670(3)(26)2236
Other comprehensive income (loss)15(7)(42)52(39)(22)(55)
Comprehensive income (loss):15292848(65)(0)(19)
Comprehensive loss, net of tax, attributable to noncontrolling interest(7)(7)(4)(4)(3)(4)(5)
Comprehensive income (loss), net of tax, attributable to parent:8222445(68)(4)(24)

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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