Virtusa Corporation (VRTU) financial statements (2020 and earlier)

Company profile

Business Address 132 TURNPIKE RD
SOUTHBOROUGH, MA 01772
State of Incorp. DE
Fiscal Year End March 31
SIC 7371 - Computer Programming Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments237223241217203215139
Cash and cash equivalents21719019514514912583
Short-term investments20334672549056
Restricted cash and investments2000940 
Receivables1501621511351397565
Prepaid expense444232331279
Assets held-for-sale, not part of disposal group99   
Other current assets32302129231412
Other undisclosed current assets10711310466583636
Total current assets:581580549480529347260
Noncurrent Assets
Operating lease, right-of-use asset51
Property, plant and equipment1081201221191163835
Long-term investments and receivables10420292162
Long-term investments10420292162
Intangible assets, net (including goodwill)3763723932692677282
Goodwill2762802972112005053
Intangible assets, net (excluding goodwill)100929658672229
Restricted cash and investments 0     
Deferred income tax assets31
Other noncurrent assets383012102075
Deferred tax assets, net   16  
Other undisclosed noncurrent assets0303325355
Total noncurrent assets:605552564443451142189
TOTAL ASSETS:1,1861,1321,113923980490449
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1811911921061246469
Accounts payable3146302127911
Accrued liabilities66709133432427
Employee-related liabilities79757253542727
Taxes payable7    44
Deferred revenue7
Debt2611119900
Derivative instruments and hedges, liabilities     14
Deferred revenue and credits876  
Contract with customer, liability6
Other undisclosed current liabilities 5532(4)(7)
Total current liabilities:2142142171261416167
Noncurrent Liabilities
Long-term debt and lease obligation41935128817718600
Long-term debt, excluding current maturities375351288177186  
Capital lease obligations000000
Operating lease, liability44
Liabilities, other than long-term debt, including:4230449923
Deferred tax liabilities, net   1623
Deferred income tax liabilities15
Other liabilities27      
Other undisclosed liabilities, other than long-term debt 30449(7)  
Other undisclosed noncurrent liabilities 1621271613
Total noncurrent liabilities:46139735321321136
Other undisclosed liabilities     23
Total liabilities:6756115703383526675
Temporary equity, carrying amount107131107    
Stockholders' equity
Stockholders' equity attributable to parent403391419497475424374
Common stock0000000
Treasury stock, value (40)(40)(10)(10)(10)(10)
Additional paid in capital256239261305298283270
Accumulated other comprehensive loss(68)(59)(41)(40)(42)(34)(28)
Retained earnings273250238241229184142
Other undisclosed stockholders' equity attributable to parent(58)      
Stockholders' equity attributable to noncontrolling interest  1788153  
Total stockholders' equity:403391436585628424374
TOTAL LIABILITIES AND EQUITY:1,1861,1321,113923980490449

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues1,3101,2481,021859600479397
Cost of revenue(940)(885)(725)(621)(389)(304)(251)
Gross profit:370363295238211175146
Operating expenses(284)(293)(249)(219)(166)(126)(108)
Other undisclosed operating income     44
Operating income:86704618455342
Nonoperating income (expense)(27)(32)(5)01254
Investment income, nonoperating234 554
Foreign currency transaction gain (loss), before tax(7)(13)(4)37(0)(0)
Other nonoperating income (expense)(3)(3)211(0)0
Interest and debt expense(19)(18)(8)(1)(0)  
Other undisclosed income from continuing operations before equity method investments, income taxes    0  
Income from continuing operations before equity method investments, income taxes:40203418585746
Other undisclosed income from continuing operations before income taxes191881   
Income from continuing operations before income taxes:59384219585746
Income tax expense(25)(20)(33)(3)(13)(15)(12)
Net income:3518916454234
Net loss attributable to noncontrolling interest(1)(2)(8)(4)(0)  
Net income attributable to parent:3416112454234
Other undisclosed net loss available to common stockholders, basic(4)(4)(4)    
Net income (loss) available to common stockholders, basic:3012(3)12454234
Other undisclosed net income available to common stockholders, diluted1      
Net income (loss) available to common stockholders, diluted:3112(3)12454234

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income:3518916454234
Other comprehensive income (loss)(7)(20)(3)4(7)  
Other undisclosed comprehensive income00     
Comprehensive income (loss):28(2)620384234
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)(10)(6)(1)  
Other undisclosed comprehensive loss, net of tax, attributable to parent     (6)(9)
Comprehensive income (loss), net of tax, attributable to parent:27(3)(4)14373625

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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