COGNIZANT TECHNOLOGY SOLUTIONS CORP

10-K & 10-Q Filings

Cognizant is a leading professional services company that helps businesses modernize and create strategic outcomes. The company operates in four reportable business segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. Cognizant provides services and solutions in digital services and solutions, consulting, application development, systems integration, quality engineering and assurance, application maintenance, infrastructure and security, business process services and automation, and proprietary and third-party software products and platforms. The company's services are distributed among a number of clients in each segment, and a loss of a significant client or a few significant clients in a particular segment could materially reduce revenues for that segment. Cognizant competes in highly competitive markets, with competitors including Accenture, Atos, Capgemini, Deloitte Digital, DXC Technology, EPAM Systems, Genpact, HCL Technologies, IBM Consulting, Infosys Technologies, Tata Consultancy Services, Wipro, and numerous smaller local companies. The company has approximately 347,700 employees worldwide, with 254,000 in India, 40,500 in North America, 16,300 in Continental Europe, 8,500 in the United Kingdom, and 28,400 in various other locations. Cognizant's website is www.cognizant.com, and its ticker symbol is CTSH.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$6121.16
7346.47
8843.19
10262.68
12416.00
13487.00
14810.00
16125.00
16783.00
16652.00
18507.00
19428.00
19353.00
4812.00
4760.00
10.07%-1.08%Cost of Revenue (-)
$
6141.12
7440.20
8108.00
9152.00
9838.00
10634.00
10671.00
11604.00
12448.00
12664.00
3143.00
3146.00
0.10%Gross Profit (+)
$
4121.56
4975.80
5379.00
5658.00
6287.00
6149.00
5981.00
6903.00
6980.00
6689.00
1669.00
1614.00
-3.30%Selling, General & Administrative (-)
$1328.66
1557.65
1727.61
2037.02
2508.60
2731.00
2769.00
3026.00
2972.00
3100.00
3503.00
3443.00
3252.00
835.00
765.00
7.74%-8.38%Depreciation & Amortization (-)
$117.40
149.09
172.20
199.66
325.20
507.00
552.00
574.00
569.00
519.00
132.00
131.00
13.19%-0.76%Non-recurring Operating Expenses (-)
$
217.00
215.00
229.00
23.00
Operating Expenses (-)
$1446.07
1706.73
1899.81
2236.68
2833.80
2731.00
2769.00
3026.00
3696.00
3867.00
4077.00
4012.00
4000.00
967.00
919.00
8.85%-4.96%Costs & Expenses (Total) (-)
$4984.69
5984.98
7165.28
8377.80
10274.00
10839.00
11921.00
12864.00
14330.00
14538.00
15681.00
16460.00
16664.00
4110.00
4065.00
10.58%-1.09%Operating Income/Loss (+)
$1136.47
1361.50
1677.91
1884.88
2142.00
2289.00
2481.00
2801.00
2453.00
2114.00
2826.00
2968.00
2689.00
702.00
695.00
7.44%-1.00%Non-operating Income/Expense (+)
$32.68
26.10
10.01
39.15
21.60
68.00
174.00
-4.00
90.00
-18.00
1.00
48.00
98.00
36.00
27.00
9.58%-25.00%Interest Expense (-)
$
2.47
17.70
19.00
23.00
27.00
26.00
24.00
9.00
19.00
41.00
9.00
11.00
22.22%Earnings before Tax (+)
$1169.15
1387.60
1687.92
1924.03
2163.60
2357.00
2655.00
2797.00
2543.00
2096.00
2827.00
3016.00
2787.00
738.00
722.00
7.51%-2.17%Tax Expense (-)
$285.53
336.33
459.34
484.76
540.00
805.00
1153.00
698.00
643.00
704.00
693.00
730.00
668.00
158.00
179.00
7.34%13.29%Income/Loss (Continuing Operations) (+)
$883.62
1051.26
1228.58
1439.27
1623.60
1552.00
1502.00
2099.00
1900.00
1392.00
2134.00
2286.00
2119.00
580.00
543.00
7.56%-6.38%Net Income/Loss (+)
$883.62
1051.26
1228.58
1439.27
1623.60
1553.00
1504.00
2101.00
1842.00
1392.00
2137.00
2290.00
2126.00
580.00
546.00
7.59%-5.86%Net Income/Loss (Common) (+)
$883.62
1051.26
1228.58
1439.27
1623.60
1553.00
1504.00
2101.00
1842.00
1392.00
2137.00
2290.00
2126.00
580.00
546.00
7.59%-5.86%EPS (Basic)
$2.91
3.49
4.07
2.37
2.67
2.56
2.54
3.61
3.30
2.58
4.06
4.42
4.21
1.14
1.10
3.13%-3.51%EPS (Diluted)
$2.85
3.44
4.03
2.35
2.65
2.55
2.53
3.60
3.29
2.57
4.05
4.41
4.21
1.14
1.10
3.30%-3.51%Weighted Avg Shares (Basic)
303.28
301.29
302.01
608.13
609.10
607.00
593.00
582.00
559.00
540.00
527.00
518.00
505.00
509.00
497.00
4.34%-2.36%Weighted Avg Shares (Diluted)
310.35
305.86
304.83
612.49
613.30
610.00
595.00
584.00
560.00
541.00
528.00
519.00
505.00
509.00
498.00
4.14%-2.16%Cash
$1310.91
1570.08
2213.01
2010.15
2125.20
2034.00
1925.00
1161.00
2645.00
2680.00
1792.00
2191.00
2621.00
2458.00
2231.00
5.94%-9.24%Short-term Investments
$1121.36
1293.68
1534.47
1764.58
2824.30
3135.00
3131.00
3350.00
779.00
44.00
927.00
310.00
14.00
23.00
12.00
-30.60%-47.83%Receivables
$1179.04
1345.66
1648.79
1968.68
2252.60
2905.00
3222.00
3257.00
3256.00
3087.00
3557.00
3796.00
3849.00
3718.00
3822.00
10.36%2.80%Other Assets (Current)
$474.20
604.88
751.62
1006.89
706.50
526.00
833.00
909.00
931.00
1040.00
1066.00
969.00
1022.00
1029.00
1021.00
6.61%-0.78%Assets (Current)
$4085.51
4814.29
6147.88
6750.30
7908.60
8600.00
9111.00
8677.00
7611.00
6851.00
7342.00
7266.00
7506.00
7228.00
7086.00
5.20%-1.96%Securities & Long-term Investments
$
62.00
235.00
80.00
17.00
440.00
463.00
427.00
435.00
424.00
83.00
-80.42%Property, Plant & Equipment (Net)
$758.03
971.49
1081.16
1247.20
1271.40
1311.00
1324.00
1394.00
2235.00
2264.00
2104.00
1977.00
1659.00
1944.00
1625.00
6.74%-16.41%Goodwill & Intangibles
$386.39
396.66
575.51
3367.31
3269.00
3505.00
3685.00
4631.00
5020.00
6077.00
6838.00
6878.00
7234.00
7302.00
7564.00
27.65%3.59%Other Assets
$278.00
339.13
404.36
354.10
616.40
784.00
866.00
1131.00
1321.00
1291.00
1105.00
1304.00
1649.00
1249.00
2050.00
15.99%64.13%Assets (Non-current)
$1422.43
1707.28
2061.03
4968.62
5156.80
5662.00
6110.00
7236.00
8593.00
10072.00
10510.00
10586.00
10977.00
10919.00
11322.00
18.56%3.69%Assets (Total)
$5507.93
6521.57
8208.91
11718.92
13065.40
14262.00
15221.00
15913.00
16204.00
16923.00
17852.00
17852.00
18483.00
18147.00
18408.00
10.62%1.44%Accounts Payable
$72.20
108.71
113.39
145.69
165.30
175.00
210.00
215.00
239.00
389.00
361.00
360.00
337.00
332.00
291.00
13.70%-12.35%Debt (Current)
$
700.00
406.30
81.00
175.00
9.00
240.00
38.00
38.00
8.00
33.00
16.00
33.00
106.25%Other Liabilities (Current)
$1137.50
1268.62
1661.11
1746.41
2142.10
2162.00
2454.00
2553.00
2504.00
3113.00
3130.00
2979.00
2963.00
2973.00
2688.00
8.30%-9.59%Liabilities (Current)
$1209.70
1377.33
1774.51
2592.09
2713.70
2418.00
2839.00
2777.00
2983.00
3540.00
3529.00
3347.00
3333.00
3321.00
3012.00
8.81%-9.30%Debt (Non-current)
$
937.50
881.20
797.00
698.00
736.00
1445.00
663.00
626.00
638.00
606.00
630.00
598.00
-5.08%Other Liabilities
$345.34
289.86
298.62
449.10
192.40
319.00
1015.00
976.00
746.00
1884.00
1706.00
1558.00
1317.00
1535.00
1308.00
11.80%-14.79%Liabilities (Non-current)
$345.34
289.86
298.62
1386.60
1073.60
1116.00
1713.00
1712.00
2191.00
2547.00
2332.00
2196.00
1923.00
2165.00
1906.00
15.38%-11.96%Liabilities (Total)
$1555.05
1667.19
2073.12
3978.70
3787.30
3534.00
4552.00
4489.00
5182.00
6087.00
5861.00
5543.00
5256.00
5486.00
4918.00
10.68%-10.35%Retained Earnings
$3582.53
4633.79
5862.37
7301.63
8925.20
10478.00
10544.00
11485.00
11022.00
10689.00
11922.00
12588.00
13301.00
12856.00
13621.00
11.55%5.95%AOCI
$-325.39
-239.68
-276.26
-123.07
-106.20
-114.00
70.00
-114.00
-38.00
110.00
37.00
-299.00
-94.00
-222.00
-156.00
29.73%Shareholder's Equity
$3952.89
4854.38
6135.79
7740.22
9278.10
10728.00
10669.00
11424.00
11022.00
10836.00
11991.00
12309.00
13227.00
12661.00
13490.00
10.59%6.55%Liabilities & Equity
$5507.93
6521.57
8208.91
11718.92
13065.40
14262.00
15221.00
15913.00
16204.00
16923.00
17852.00
17852.00
18483.00
18147.00
18408.00
10.62%1.44%Net Income/Loss
$883.62
1051.26
1228.58
1439.27
1623.60
1553.00
1504.00
2101.00
1842.00
1392.00
2137.00
2290.00
2126.00
580.00
546.00
7.59%-5.86%Depreciation & Amortization
$124.17
156.59
179.93
208.07
330.00
379.00
443.00
498.00
526.00
559.00
574.00
569.00
555.00
132.00
133.00
13.29%0.76%Increase/Decrease in Working Capital
$225.75
-16.08
40.87
220.97
-108.70
471.00
-186.00
407.00
-101.00
-813.00
488.00
324.00
189.00
38.00
632.00
-1.47%1563.16%Share-based Compensation
$90.23
107.36
118.80
134.82
192.00
217.00
221.00
267.00
217.00
232.00
246.00
261.00
176.00
44.00
42.00
5.73%-4.55%Adjustments to Reconcile Net Income
$-8.47
121.32
195.20
33.74
529.70
68.00
903.00
491.00
657.00
1907.00
358.00
278.00
204.00
149.00
-451.00
-402.68%Net Cash (Operating)
$875.15
1172.58
1423.78
1473.01
2153.30
1621.00
2407.00
2592.00
2499.00
3299.00
2495.00
2568.00
2330.00
729.00
95.00
8.50%-86.97%Capital Expenditure
$371.02
394.36
455.43
2903.64
274.50
634.00
500.00
1488.00
1009.00
1521.00
1249.00
671.00
726.00
507.00
500.00
5.75%-1.38%Net Cash (Investing)
$-850.28
-570.05
-730.76
-3160.69
-1370.60
-963.00
-582.00
-1627.00
1588.00
-1238.00
-2164.00
-106.00
-331.00
-215.00
-238.00
-10.70%Increase/Decrease in Debt
$
1635.82
-353.40
-407.00
-20.00
-141.00
-28.00
-50.00
-53.00
-36.00
-25.00
-1.00
Increase/Decrease in Equity
$-374.15
-391.36
-61.45
-155.96
-328.40
-336.00
-1700.00
-1084.00
-2088.00
-1479.00
-641.00
-1339.00
-993.00
-199.00
-113.00
43.22%Interest Expenses
$
0.10
14.40
16.00
21.00
21.00
25.00
25.00
7.00
15.00
40.00
Dividends Paid
$
265.00
468.00
453.00
480.00
509.00
564.00
591.00
150.00
151.00
0.67%Net Cash (Financing)
$-255.46
-342.99
-30.87
1503.41
-648.10
-719.00
-1985.00
-1693.00
-2569.00
-2009.00
-1203.00
-1939.00
-1609.00
-350.00
-304.00
13.14%Cash Taxes Paid
$248.23
402.10
480.98
558.55
578.60
845.00
587.00
597.00
870.00
745.00
625.00
813.00
1245.00
14.38%Effect of Exchange Rate
$0.52
-0.38
-19.22
-18.58
-19.50
-30.00
51.00
-36.00
-34.00
-17.00
-16.00
-21.00
33.00
-39.00
41.30%Increase/Decrease in Cash
$-230.06
259.17
642.93
-202.86
115.10
-91.00
-109.00
-764.00
1484.00
35.00
-888.00
502.00
423.00
164.00
-486.00
-396.34%Cash (Beginning)
$1540.97
1310.91
1570.08
2213.01
2010.10
2125.00
2034.00
1925.00
1161.00
2645.00
2680.00
1792.00
2294.00
2294.00
2717.00
3.37%18.44%Cash (Ending)
$1310.91
1570.08
2213.01
2010.15
2125.20
2034.00
1925.00
1161.00
2645.00
2680.00
1792.00
2294.00
2717.00
2458.00
2231.00
6.26%-9.24%NOPAT
$895.18
966.96
1199.78
1337.69
1569.18
1468.38
1932.47
2203.15
1613.79
1362.60
2201.22
2167.94
1487.78
551.71
522.69
4.32%-5.26%Gross Margin %
40.16%
40.08%
39.88%
38.20%
38.99%
36.64%
35.92%
37.30%
35.93%
34.56%
34.68%
33.91%
Operating Margin %
18.57%
18.53%
18.97%
18.37%
17.25%
16.97%
16.75%
17.37%
14.62%
12.70%
15.27%
15.28%
13.89%
14.59%
14.60%
NOPAT Margin %
14.62%
13.16%
13.57%
13.03%
12.64%
10.89%
13.05%
13.66%
9.62%
8.18%
11.89%
11.16%
7.69%
11.47%
10.98%
Net Margin %
14.44%
14.31%
13.89%
14.02%
13.08%
11.51%
10.16%
13.03%
10.98%
8.36%
11.55%
11.79%
10.99%
12.05%
11.47%
Tax Rate %
21.23%
28.98%
28.50%
29.03%
26.74%
35.85%
22.11%
21.34%
34.21%
35.54%
22.11%
26.96%
44.67%
21.41%
24.79%
ROA
16.25%
14.83%
14.62%
11.41%
12.01%
10.30%
12.70%
13.84%
9.96%
8.05%
12.33%
12.14%
8.05%
3.04%
2.84%
ROE
22.65%
19.92%
19.55%
17.28%
16.91%
13.69%
18.11%
19.29%
14.64%
12.57%
18.36%
17.61%
11.25%
4.36%
3.87%
ROIC
39.01%
35.74%
36.96%
20.30%
23.08%
18.79%
23.35%
24.61%
15.08%
12.22%
17.80%
17.01%
11.57%
4.75%
4.41%
Asset Turnover
1.11
1.13
1.08
0.88
0.95
0.95
0.97
1.01
1.04
0.98
1.04
1.09
1.05
0.27
0.26
Equity Multiplier
1.39
1.34
1.34
1.51
1.41
1.33
1.43
1.39
1.47
1.56
1.49
1.45
1.40
1.43
1.36
Current Ratio
3.38
3.50
3.46
2.60
2.91
3.56
3.21
3.12
2.55
1.94
2.08
2.17
2.25
2.18
2.35
Quick Ratio
2.99
3.06
3.04
2.22
2.65
3.34
2.92
2.80
2.24
1.64
1.78
1.88
1.95
1.87
2.01
Debt/Equity Ratio
0.21
0.14
0.08
0.08
0.07
0.15
0.06
0.06
0.05
0.05
0.05
0.05
Interest Coverage Ratio
17951.22
148.75
143.06
118.14
133.38
98.12
84.56
403.71
197.87
67.22
Working Capital/Sales
0.19
0.18
0.18
0.19
0.18
0.22
0.22
0.18
0.21
0.17
0.18
0.20
0.20
0.49
0.56
Dividend Payout Ratio %
13.71%
21.24%
28.07%
35.23%
23.12%
26.02%
39.72%
27.19%
28.89%
Total Payout
$374.15
391.36
61.45
-1479.76
696.20
759.00
2006.00
1714.00
2594.00
2034.00
1210.00
1954.00
1649.00
350.00
264.00
13.16%-24.57%Payout Ratio %
41.80%
40.47%
5.12%
-110.62%
44.37%
51.69%
103.80%
77.80%
160.74%
149.27%
54.97%
90.13%
110.84%
63.44%
50.51%