2024 Q4 Form 10-Q Financial Statement

#000105829024000327 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024 Q2
Revenue $5.044B $4.850B
YoY Change 3.0% -0.74%
Cost Of Revenue $3.311B $3.204B
YoY Change 3.18% -0.84%
Gross Profit $1.733B $1.646B
YoY Change 2.67% -0.54%
Gross Profit Margin 34.36% 33.94%
Selling, General & Admin $833.0M $781.0M
YoY Change 4.0% -5.9%
% of Gross Profit 48.07% 47.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $129.0M $128.0M
YoY Change -11.64% -9.22%
% of Gross Profit 7.44% 7.78%
Operating Expenses $833.0M $781.0M
YoY Change 4.0% -18.73%
Operating Profit $738.0M $708.0M
YoY Change 7.58% 2.02%
Interest Expense $14.00M $10.00M
YoY Change 27.27% -9.09%
% of Operating Profit 1.9% 1.41%
Other Income/Expense, Net $10.00M $20.00M
YoY Change -62.96% -2100.0%
Pretax Income $748.0M $728.0M
YoY Change 4.91% 24.02%
Income Tax $170.0M $165.0M
% Of Pretax Income 22.73% 22.66%
Net Earnings $582.0M $566.0M
YoY Change 10.86% 22.25%
Net Earnings / Revenue 11.54% 11.67%
Basic Earnings Per Share $1.17 $1.14
Diluted Earnings Per Share $1.17 $1.14
COMMON SHARES
Basic Shares Outstanding 495.8M shares 495.7M shares 497.2M shares
Diluted Shares Outstanding 496.0M shares 498.0M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.025B $2.205B
YoY Change -14.48% 5.25%
Cash & Equivalents $2.013B $2.193B
Short-Term Investments $12.00M $12.00M
Other Short-Term Assets $1.317B $1.067B
YoY Change 38.34% -3.09%
Inventory
Prepaid Expenses
Receivables $4.206B $3.973B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.548B $7.245B
YoY Change 5.91% 4.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.001B $1.009B
YoY Change -4.48% -46.19%
Goodwill $7.132B $6.395B
YoY Change 18.61% 5.44%
Intangibles $1.681B $1.129B
YoY Change 43.19% -8.06%
Long-Term Investments $84.00M $80.00M
YoY Change 20.0% -81.18%
Other Assets $1.034B $1.068B
YoY Change 63.61% -24.95%
Total Long-Term Assets $12.62B $11.34B
YoY Change 15.19% 2.9%
TOTAL ASSETS
Total Short-Term Assets $7.548B $7.245B
Total Long-Term Assets $12.62B $11.34B
Total Assets $20.16B $18.58B
YoY Change 11.53% 3.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $304.0M $298.0M
YoY Change -6.46% -6.29%
Accrued Expenses $2.696B $2.224B
YoY Change 35.27% 18.49%
Deferred Revenue
YoY Change
Short-Term Debt $33.00M $33.00M
YoY Change 0.0%
Long-Term Debt Due $33.00M $33.00M
YoY Change 0.0% 37.5%
Total Short-Term Liabilities $3.388B $2.946B
YoY Change 6.17% -3.6%
LONG-TERM LIABILITIES
Long-Term Debt $1.183B $590.0M
YoY Change 92.67% -5.14%
Other Long-Term Liabilities $440.0M $448.0M
YoY Change 26.8% -61.58%
Total Long-Term Liabilities $1.623B $1.038B
YoY Change 68.89% -41.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.388B $2.946B
Total Long-Term Liabilities $1.623B $1.038B
Total Liabilities $5.712B $4.682B
YoY Change 9.91% -7.54%
SHAREHOLDERS EQUITY
Retained Earnings $14.35B $14.03B
YoY Change 9.14% 7.73%
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 $14.45B $13.90B
YoY Change
Total Liabilities & Shareholders Equity $20.16B $18.58B
YoY Change 11.53% 3.41%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $582.0M $566.0M
YoY Change 10.86% 22.25%
Depreciation, Depletion And Amortization $129.0M $128.0M
YoY Change -11.64% -9.22%
Cash From Operating Activities $847.0M $262.0M
YoY Change 2.29% 627.78%
INVESTING ACTIVITIES
Capital Expenditures $56.00M $79.00M
YoY Change -23.29% 16.18%
Acquisitions
YoY Change
Other Investing Activities -$1.194B $0.00
YoY Change 847.62% -100.0%
Cash From Investing Activities -$1.250B -$79.00M
YoY Change 528.14% -7.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 212.0M -221.0M
YoY Change -147.11% -37.57%
NET CHANGE
Cash From Operating Activities 847.0M 262.0M
Cash From Investing Activities -1.250B -79.00M
Cash From Financing Activities 212.0M -221.0M
Net Change In Cash -191.0M -38.00M
YoY Change -206.7% -90.57%
FREE CASH FLOW
Cash From Operating Activities $847.0M $262.0M
Capital Expenditures $56.00M $79.00M
Free Cash Flow $791.0M $183.0M
YoY Change 4.77% -671.88%

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CY2024Q3 us-gaap Equity Method Investments
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CY2023Q4 us-gaap Equity Method Investments
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CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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6000000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
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1511000000 usd
CY2023Q4 ctsh Customer Volumeand Other Incentives Current
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241000000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
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27000000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
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146000000 usd
CY2023Q4 us-gaap Other Liabilities Current
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500000000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
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CY2024Q3 us-gaap Long Term Debt Noncurrent
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.227
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.234
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2024Q3 us-gaap Income Tax Reconciliation Tax Credits Foreign
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40000000 usd
CY2023Q4 us-gaap Restricted Cash Equivalents
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96000000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
25000000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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5000000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
20000000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
15000000 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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14000000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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132000000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
738000000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
686000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
2141000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1965000000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1001000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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1048000000 usd
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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