$CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP Stock $ctsh

$ctsh Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000105829023000258 Filed on August 03, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$4.897B	$4.886B
YoY Change	0.82%	-0.41%
Cost Of Revenue	$3.209B	$3.231B
YoY Change	4.19%	3.59%
Gross Profit	$1.688B	$1.655B
YoY Change	-5.01%	-7.39%
Gross Profit Margin	34.47%	33.87%
Selling, General & Admin	$801.0M	$830.0M
YoY Change	-4.42%	-6.0%
% of Gross Profit	47.45%	50.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$146.0M	$141.0M
YoY Change	3.55%	-2.08%
% of Gross Profit	8.65%	8.52%
Operating Expenses	$801.0M	$961.0M
YoY Change	-4.42%	8.83%
Operating Profit	$686.0M	$694.0M
YoY Change	-14.04%	-8.68%
Interest Expense	$11.00M	$11.00M
YoY Change	83.33%	266.67%
% of Operating Profit	1.6%	1.59%
Other Income/Expense, Net	$27.00M	-$1.000M
YoY Change	92.86%	-200.0%
Pretax Income	$713.0M	$587.0M
YoY Change	-12.19%	-22.86%
Income Tax	$191.0M	$124.0M
% Of Pretax Income	26.79%	21.12%
Net Earnings	$525.0M	$463.0M
YoY Change	-16.53%	-19.76%
Net Earnings / Revenue	10.72%	9.48%
Basic Earnings Per Share	$1.04	$0.92
Diluted Earnings Per Share	$1.04	$0.92
COMMON SHARES
Basic Shares Outstanding	505.0M shares	507.5M shares
Diluted Shares Outstanding	505.0M shares	507.0M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.368B	$2.095B
YoY Change	-13.29%	-9.7%
Cash & Equivalents	$2.204B	$2.055B
Short-Term Investments	$164.0M	$40.00M
Other Short-Term Assets	$952.0M	$1.101B
YoY Change	5.78%	19.93%
Inventory
Prepaid Expenses
Receivables	$3.807B	$3.755B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$7.127B	$6.951B
YoY Change	-2.6%	-1.03%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.048B	$1.875B
YoY Change	-5.16%	67.26%
Goodwill	$6.013B	$6.065B
YoY Change	10.84%	9.93%
Intangibles	$1.174B	$1.228B
YoY Change	13.1%	11.53%
Long-Term Investments	$70.00M	$425.0M
YoY Change	6.06%	543.94%
Other Assets	$632.0M	$1.423B
YoY Change	-0.94%	111.44%
Total Long-Term Assets	$10.95B	$11.02B
YoY Change	9.19%	7.63%
TOTAL ASSETS
Total Short-Term Assets	$7.127B	$6.951B
Total Long-Term Assets	$10.95B	$11.02B
Total Assets	$18.08B	$17.97B
YoY Change	4.22%	4.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$325.0M	$318.0M
YoY Change	-11.44%	-10.92%
Accrued Expenses	$1.993B	$1.877B
YoY Change	-20.63%	-1.68%
Deferred Revenue
YoY Change
Short-Term Debt	$33.00M	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$33.00M	$24.00M
YoY Change		-36.84%
Total Short-Term Liabilities	$3.191B	$3.056B
YoY Change	-0.99%	-3.08%
LONG-TERM LIABILITIES
Long-Term Debt	$614.0M	$622.0M
YoY Change	-3.46%	2.3%
Other Long-Term Liabilities	$347.0M	$1.166B
YoY Change	5.47%	307.69%
Total Long-Term Liabilities	$961.0M	$1.788B
YoY Change	-0.41%	100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.191B	$3.056B
Total Long-Term Liabilities	$961.0M	$1.788B
Total Liabilities	$5.197B	$5.064B
YoY Change	-3.56%	-4.6%
SHAREHOLDERS EQUITY
Retained Earnings	$13.15B	$13.02B
YoY Change	5.62%	6.8%
Common Stock	$5.000M	$5.000M
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$12.88B	$12.90B
YoY Change
Total Liabilities & Shareholders Equity	$18.08B	$17.97B
YoY Change	4.22%	4.11%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$525.0M	$463.0M
YoY Change	-16.53%	-19.76%
Depreciation, Depletion And Amortization	$146.0M	$141.0M
YoY Change	3.55%	-2.08%
Cash From Operating Activities	$828.0M	$36.00M
YoY Change	-19.77%	-93.18%
INVESTING ACTIVITIES
Capital Expenditures	$73.00M	$68.00M
YoY Change	-192.41%	-258.14%
Acquisitions
YoY Change
Other Investing Activities	-$126.0M	-$17.00M
YoY Change	-29.21%	-96.03%
Cash From Investing Activities	-$199.0M	-$85.00M
YoY Change	-22.57%	-81.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-450.0M	-354.0M
YoY Change	-1.75%	-21.33%
NET CHANGE
Cash From Operating Activities	828.0M	36.00M
Cash From Investing Activities	-199.0M	-85.00M
Cash From Financing Activities	-450.0M	-354.0M
Net Change In Cash	179.0M	-403.0M
YoY Change	-43.53%	2.54%
FREE CASH FLOW
Cash From Operating Activities	$828.0M	$36.00M
Capital Expenditures	$73.00M	$68.00M
Free Cash Flow	$755.0M	-$32.00M
YoY Change	-32.04%	-105.6%

Facts In Submission

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CY2023Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	412000000	usd
CY2022Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	357000000	usd
CY2023Q2	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	2163000000	usd
CY2022Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	2407000000	usd
CY2023Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	622000000	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	638000000	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.211
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.242
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.213
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.238
CY2023Q1	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities	42000000	usd
CY2023Q1	ctsh	Effective Income Tax Rate Reconciliation Discrete Tax Benefit Amount EffectiveIncomeTaxRateReconciliationDiscreteTaxBenefitAmount	25000000	usd
CY2023Q1	ctsh	Adjustment To Current Income Tax Balance As A Result Of Settlement AdjustmentToCurrentIncomeTaxBalanceAsAResultOfSettlement	17000000	usd
CY2023Q2	us-gaap	Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral	35000000	usd
CY2023Q2	us-gaap	Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral	11000000	usd
CY2022Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral	6000000	usd
CY2022Q4	us-gaap	Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral	75000000	usd
	us-gaap	Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths	2000000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1087000000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1101000000	usd
CY2023Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	94000000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	577000000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	760000000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	1279000000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	1484000000	usd

Files In Submission

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0001058290-23-000258-index.html	Edgar Link	pending
0001058290-23-000258.txt	Edgar Link	pending
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cognizant.jpg	Edgar Link	pending
ctsh-20230630.htm	Edgar Link	pending
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ctsh-20230630_g8.jpg	Edgar Link	pending
ctsh-20230630_g9.jpg	Edgar Link	pending
ctshexhibit1036302023.htm	Edgar Link	pending
ctshexhibit1046302023.htm	Edgar Link	pending
ctshexhibit1056302023.htm	Edgar Link	pending
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ctshexhibit3116302023.htm	Edgar Link	pending
ctshexhibit3126302023.htm	Edgar Link	pending
ctshexhibit3216302023.htm	Edgar Link	pending
ctsh-20230630_def.xml	Edgar Link	unprocessable
ctsh-20230630_lab.xml	Edgar Link	unprocessable
ctsh-20230630_pre.xml	Edgar Link	unprocessable
ctsh-20230630_htm.xml	Edgar Link	completed
ctshexhibit3226302023.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
ctsh-20230630_cal.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable

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$CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP Stock $ctsh

2023 Q3 Form 10-Q Financial Statement

#000105829023000258 Filed on August 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTSH COGNIZANT TECHNOLOGY SOLUTIONS CORP Stock $ctsh

2023 Q3 Form 10-Q Financial Statement

#000105829023000258 Filed on August 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP Stock $ctsh