$CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP

2023 Q4 Form 10-Q Financial Statement

#000105829023000330 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $4.758B $4.897B
YoY Change -1.67% 0.82%
Cost Of Revenue $3.081B $3.209B
YoY Change -2.25% 4.19%
Gross Profit $1.677B $1.688B
YoY Change -0.59% -5.01%
Gross Profit Margin 35.25% 34.47%
Selling, General & Admin $786.0M $801.0M
YoY Change -8.6% -4.42%
% of Gross Profit 46.87% 47.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $127.0M $146.0M
YoY Change -9.93% 3.55%
% of Gross Profit 7.57% 8.65%
Operating Expenses $913.0M $801.0M
YoY Change -8.79% -4.42%
Operating Profit $764.0M $686.0M
YoY Change 11.37% -14.04%
Interest Expense $22.00M $11.00M
YoY Change -18.52% 83.33%
% of Operating Profit 2.88% 1.6%
Other Income/Expense, Net $3.000M $27.00M
YoY Change 200.0% 92.86%
Pretax Income $749.0M $713.0M
YoY Change 4.9% -12.19%
Income Tax $195.0M $191.0M
% Of Pretax Income 26.03% 26.79%
Net Earnings $558.0M $525.0M
YoY Change 7.1% -16.53%
Net Earnings / Revenue 11.73% 10.72%
Basic Earnings Per Share $1.04
Diluted Earnings Per Share $1.11 $1.04
COMMON SHARES
Basic Shares Outstanding 501.4M shares 505.0M shares
Diluted Shares Outstanding 505.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.635B $2.368B
YoY Change 5.36% -13.29%
Cash & Equivalents $2.621B $2.204B
Short-Term Investments $14.00M $164.0M
Other Short-Term Assets $1.022B $952.0M
YoY Change 5.47% 5.78%
Inventory
Prepaid Expenses
Receivables $3.849B $3.807B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.506B $7.127B
YoY Change 3.3% -2.6%
LONG-TERM ASSETS
Property, Plant & Equipment $1.659B $1.048B
YoY Change -16.08% -5.16%
Goodwill $6.085B $6.013B
YoY Change 6.57% 10.84%
Intangibles $1.149B $1.174B
YoY Change -1.63% 13.1%
Long-Term Investments $435.0M $70.00M
YoY Change 1.87% 6.06%
Other Assets $1.649B $632.0M
YoY Change 26.46% -0.94%
Total Long-Term Assets $10.98B $10.95B
YoY Change 3.69% 9.19%
TOTAL ASSETS
Total Short-Term Assets $7.506B $7.127B
Total Long-Term Assets $10.98B $10.95B
Total Assets $18.48B $18.08B
YoY Change 3.53% 4.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $337.0M $325.0M
YoY Change -6.39% -11.44%
Accrued Expenses $2.578B $1.993B
YoY Change -0.12% -20.63%
Deferred Revenue
YoY Change
Short-Term Debt $33.00M $33.00M
YoY Change 312.5%
Long-Term Debt Due $33.00M $33.00M
YoY Change 312.5%
Total Short-Term Liabilities $3.333B $3.191B
YoY Change -0.42% -0.99%
LONG-TERM LIABILITIES
Long-Term Debt $606.0M $614.0M
YoY Change -5.02% -3.46%
Other Long-Term Liabilities $1.091B $347.0M
YoY Change -20.83% 5.47%
Total Long-Term Liabilities $1.697B $961.0M
YoY Change -15.82% -0.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.333B $3.191B
Total Long-Term Liabilities $1.697B $961.0M
Total Liabilities $5.256B $5.197B
YoY Change -5.18% -3.56%
SHAREHOLDERS EQUITY
Retained Earnings $13.30B $13.15B
YoY Change 5.66% 5.62%
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 $13.23B $12.88B
YoY Change
Total Liabilities & Shareholders Equity $18.48B $18.08B
YoY Change 3.53% 4.22%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $558.0M $525.0M
YoY Change 7.1% -16.53%
Depreciation, Depletion And Amortization $127.0M $146.0M
YoY Change -9.93% 3.55%
Cash From Operating Activities $737.0M $828.0M
YoY Change 4.99% -19.77%
INVESTING ACTIVITIES
Capital Expenditures $78.00M $73.00M
YoY Change -186.67% -192.41%
Acquisitions
YoY Change
Other Investing Activities $246.0M -$126.0M
YoY Change 1950.0% -29.21%
Cash From Investing Activities $168.0M -$199.0M
YoY Change -315.38% -22.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -455.0M -450.0M
YoY Change 5.57% -1.75%
NET CHANGE
Cash From Operating Activities 737.0M 828.0M
Cash From Investing Activities 168.0M -199.0M
Cash From Financing Activities -455.0M -450.0M
Net Change In Cash 450.0M 179.0M
YoY Change 133.16% -43.53%
FREE CASH FLOW
Cash From Operating Activities $737.0M $828.0M
Capital Expenditures $78.00M $73.00M
Free Cash Flow $659.0M $755.0M
YoY Change -16.79% -32.04%

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CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
16000000 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
-5000000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-35000000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
686000000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
798000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1965000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
2282000000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1048000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1101000000 usd
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
ctsh-20230930_lab.xml Edgar Link unprocessable
ctsh-20230930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
ctsh-20230930_cal.xml Edgar Link unprocessable
0001058290-23-000330-index-headers.html Edgar Link pending
0001058290-23-000330-index.html Edgar Link pending
0001058290-23-000330.txt Edgar Link pending
0001058290-23-000330-xbrl.zip Edgar Link pending
ctsh-20230930.htm Edgar Link pending
ctsh-20230930.xsd Edgar Link pending
ctsh-20230930_def.xml Edgar Link unprocessable
ctsh-20230930_g1.jpg Edgar Link pending
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ctshexhibit3119302023.htm Edgar Link pending
ctshexhibit3129302023.htm Edgar Link pending
ctshexhibit3219302023.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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