Virtusa Corporation (VRTU) Financial Statements (2024 and earlier)
Company Profile
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2020
| 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 investments | | 222,814 | 240,797 | 216,936 | 202,903 | 215,216 | 138,649 |
|
Cash and cash equivalents | | 189,676 | 194,897 | 144,908 | 148,986 | 124,802 | 82,761 |
|
Short-term investments | | 33,138 | 45,900 | 72,028 | 53,917 | 90,414 | 55,888 |
|
Restricted cash and investments | | 351 | 301 | 174 | 93,921 | 45 | |
|
Receivables | | 162,396 | 151,455 | 135,453 | 138,530 | 75,431 | 64,662 |
|
Prepaid expense | | 42,314 | 31,724 | 32,751 | 12,094 | 7,428 | 9,036 |
|
Asset, held-for-sale, not part of disposal group | | 8,978 | | | | ✕ | ✕ |
|
Other current assets | | 29,967 | 21,229 | 28,806 | 23,268 | 13,565 | 11,922 |
|
Other undisclosed current assets | | 113,431 | 103,829 | 66,122 | 58,063 | 35,553 | 35,820 |
|
Total current assets: | | 580,251 | 549,335 | 480,242 | 528,779 | 347,238 | 260,089 |
|
Noncurrent Assets |
|
Operating lease, right-of-use asset | | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Property, plant and equipment | | 119,865 | 121,565 | 118,890 | 116,282 | 37,988 | 35,346 |
|
Long-term investments and receivables | | 322 | 4,140 | 20,057 | 28,817 | 20,732 | 62,015 |
|
Long-term investments | | 322 | 4,140 | 20,057 | 28,817 | 20,732 | 62,015 |
|
Intangible assets, net (including goodwill) | | 371,983 | 393,252 | 269,450 | 267,270 | 72,269 | 82,109 |
|
Goodwill | | 279,543 | 297,251 | 211,089 | 200,424 | 50,360 | 53,448 |
|
Intangible assets, net (excluding goodwill) | | 92,440 | 96,001 | 58,361 | 66,846 | 21,909 | 28,661 |
|
Restricted cash and investments | | 86 | | | | | |
|
Deferred income tax assets | | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Other noncurrent assets | | 29,836 | 11,772 | 9,980 | 20,105 | 6,746 | 5,215 |
|
Deferred tax assets, net | ✕ | | | | 15,890 | | |
|
Other undisclosed noncurrent assets | | 30,130 | 33,116 | 24,801 | 2,869 | 4,764 | 4,651 |
|
Total noncurrent assets: | | 552,222 | 563,845 | 443,178 | 451,233 | 142,499 | 189,336 |
|
TOTAL ASSETS: | | 1,132,473 | 1,113,180 | 923,420 | 980,012 | 489,737 | 449,425 |
|
LIABILITIES AND EQUITY |
|
Liabilities |
|
Current Liabilities |
|
Accounts payable and accrued liabilities | | 191,322 | 192,347 | 106,347 | 124,112 | 63,507 | 69,289 |
|
Taxes payable | | | | | | 4,137 | 3,813 |
|
Employee-related liabilities | | 74,801 | 71,500 | 52,582 | 53,897 | 26,915 | 27,175 |
|
Accounts payable | | 46,471 | 29,541 | 20,514 | 27,452 | 8,693 | 11,002 |
|
Accrued liabilities | | 70,050 | 91,306 | 33,251 | 42,763 | 23,762 | 27,299 |
|
Deferred revenue | | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Debt | | 11,442 | 11,454 | 8,977 | 9,008 | 91 | 41 |
|
Derivative instruments and hedges, liabilities | | | | | | 1,183 | 4,195 |
|
Deferred revenue and credits | ✕ | ✕ | 7,908 | 7,479 | 5,971 | | |
|
Contract with customer, liability | ✕ | 6,421 | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Other undisclosed current liabilities | | 4,809 | 4,991 | 2,959 | 2,173 | (3,577) | (6,755) |
|
Total current liabilities: | | 213,994 | 216,700 | 125,762 | 141,264 | 61,204 | 66,770 |
|
Noncurrent Liabilities |
|
Long-term debt and lease obligation | | 351,333 | 288,269 | 176,853 | 185,770 | 165 | 81 |
|
Long-term debt, excluding current maturities | | 351,320 | 288,227 | 176,722 | 185,633 | | |
|
Capital lease obligations | ✕ | 13 | 42 | 131 | 137 | 165 | 81 |
|
Liabilities, other than long-term debt, including: | | 29,824 | 43,833 | 9,238 | 9,039 | 1,996 | 2,744 |
|
Deferred tax liabilities, net | ✕ | | | | 16,121 | 1,996 | 2,744 |
|
Deferred income tax liabilities | | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Other liabilities | | | | | | | |
|
Operating lease, liability | | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Other undisclosed liabilities, other than long-term debt | | 29,824 | 43,833 | 9,238 | (7,082) | | |
|
Other undisclosed noncurrent liabilities | | 15,811 | 21,299 | 26,551 | 15,984 | 601 | 3,016 |
|
Total noncurrent liabilities: | | 396,968 | 353,401 | 212,642 | 210,793 | 2,762 | 5,841 |
|
Other undisclosed liabilities | | | | | | 1,996 | 2,744 |
|
Total liabilities: | | 610,962 | 570,101 | 338,404 | 352,057 | 65,962 | 75,355 |
|
Temporary equity, carrying amount | | 130,737 | 106,996 | | | | |
|
Equity |
|
Equity, attributable to parent, including: | | 390,774 | 418,623 | 497,032 | 475,013 | 423,775 | 374,070 |
|
Common stock | | 330 | 325 | 318 | 313 | 309 | 303 |
|
Treasury stock, value | | (39,652) | (39,652) | (9,652) | (9,652) | (9,652) | (9,652) |
|
Additional paid in capital | | 239,204 | 260,612 | 305,387 | 297,621 | 283,178 | 269,511 |
|
Accumulated other comprehensive loss | | (59,387) | (40,681) | (39,749) | (42,139) | (34,128) | (27,714) |
|
Retained earnings | | 250,279 | 238,019 | 240,728 | 228,870 | 184,068 | 141,622 |
|
Other undisclosed equity, attributable to parent | | | | | | | |
|
Equity, attributable to noncontrolling interest | | | 17,460 | 87,984 | 152,942 | | |
|
Total equity: | | 390,774 | 436,083 | 585,016 | 627,955 | 423,775 | 374,070 |
|
TOTAL LIABILITIES AND EQUITY: | | 1,132,473 | 1,113,180 | 923,420 | 980,012 | 489,737 | 449,425 |
Income Statement (P&L) ($ in thousands)
Comprehensive Income ($ in thousands)
Statements Sources
The financial statements are based on the Company's filings with 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.