Virtusa Corporation (VRTU) financial statements (2021 and earlier)

Company profile

Business Address 132 TURNPIKE RD
SOUTHBOROUGH, MA 01772
State of Incorp.
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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments350 223241217203
Cash and cash equivalents347 190195145149
Short-term investments3 33467254
Restricted cash and investments6 00094
Receivables140 162151135139
Prepaid expense54 42323312
Assets held-for-sale, not part of disposal group  9   
Other current assets33 30212923
Other undisclosed current assets80 1131046658
Total current assets:663 580549480529
Noncurrent Assets
Operating lease, right-of-use asset41 
Property, plant and equipment98 120122119116
Long-term investments and receivables  042029
Long-term investments  042029
Intangible assets, net (including goodwill)415 372393269267
Goodwill296 280297211200
Intangible assets, net (excluding goodwill)119 92965867
Restricted cash and investments  0   
Deferred income tax assets30 
Other noncurrent assets34 30121020
Deferred tax assets, net   16
Other undisclosed noncurrent assets0 3033253
Total noncurrent assets:617 552564443451
TOTAL ASSETS:1,280 1,1321,113923980
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities217 191192106124
Accounts payable25 46302127
Accrued liabilities83 70913343
Employee-related liabilities97 75725354
Taxes payable12     
Deferred revenue15 
Debt32 111199
Deferred revenue and credits876
Contract with customer, liability6
Other undisclosed current liabilities  5532
Total current liabilities:264 214217126141
Noncurrent Liabilities
Long-term debt and lease obligation393 351288177186
Long-term debt, excluding current maturities358 351288177186
Capital lease obligations0000
Operating lease, liability34 
Liabilities, other than long-term debt, including:57 304499
Deferred tax liabilities, net   16
Deferred income tax liabilities15 
Other liabilities42     
Other undisclosed liabilities, other than long-term debt  30449(7)
Other undisclosed noncurrent liabilities  16212716
Total noncurrent liabilities:450 397353213211
Total liabilities:714 611570338352
Temporary equity, carrying amount107 131107  
Stockholders' equity
Stockholders' equity attributable to parent458 391419497475
Common stock0 0000
Treasury stock, value(58) (40)(40)(10)(10)
Additional paid in capital257 239261305298
Accumulated other comprehensive loss(66) (59)(41)(40)(42)
Retained earnings326 250238241229
Stockholders' equity attributable to noncontrolling interest   1788153
Total stockholders' equity:458 391436585628
TOTAL LIABILITIES AND EQUITY:1,280 1,1321,113923980

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues1,356 1,2481,021859600
Cost of revenue(1,003) (885)(725)(621)(389)
Gross profit:354 363295238211
Operating expenses(259) (293)(249)(219)(166)
Operating income:94 70461845
Nonoperating income (expense)(20) (32)(5)012
Investment income, nonoperating1 34 5
Foreign currency transaction gain (loss), before tax(0) (13)(4)37
Other nonoperating income (expense)2 (3)211
Interest and debt expense(22) (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:52 20341858
Other undisclosed income from continuing operations before income taxes22 1881 
Income from continuing operations before income taxes:75 38421958
Income tax expense(0) (20)(33)(3)(13)
Net income:74 1891645
Net income (loss) attributable to noncontrolling interest1 (2)(8)(4)(0)
Net income attributable to parent:75 1611245
Other undisclosed net loss available to common stockholders, basic(4) (4)(4)  
Net income (loss) available to common stockholders, basic:71 12(3)1245
Other undisclosed net income available to common stockholders, diluted1     
Net income (loss) available to common stockholders, diluted:72 12(3)1245

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income:74 1891645
Other comprehensive income (loss)19 (20)(3)4(7)
Other undisclosed comprehensive income (loss)(4) 0   
Comprehensive income (loss):89 (2)62038
Comprehensive loss, net of tax, attributable to noncontrolling interest(1) (0)(10)(6)(1)
Comprehensive income (loss), net of tax, attributable to parent:88 (3)(4)1437

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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