← COGNIZANT TECHNOLOGY SOLUTIONS CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net loss — — — $3.8m ($6.0m) ($3.1m) ($6.7m) ($5.5m) ($9.1m) — —
Net Income (Loss) Attributable to Parent $1.6b
$1.5b -3.16%
$2.1b +39.69%
$1.8b -12.33%
$1.4b -24.43%
$2.1b +53.52%
$2.3b +7.16%
$2.1b -7.16%
$2.2b +5.36%
$2.2b -0.45%
—
Amortization (Notes 6, 7, & 8) $2.1m $1.9m $1.8m $1.8m $1.8m $1.8m $1.8m $1.8m $1.9m $1.9m —
Amortization of Intangible Assets $113.0m $130.0m $151.0m $162.0m $152.0m $182.0m $184.0m $165.0m $188.0m $218.0m —
Amortization of deferred gain on sale of aircraft $0 ($104k) ($155k) $0 — — — — — — —
Capitalized Computer Software, Amortization — — $14.0m $22.0m $30.0m $33.0m $37.0m $37.0m $36.0m $43.0m —
Depreciation, Depletion and Amortization $379.0m $443.0m $498.0m $526.0m $559.0m $574.0m $569.0m $555.0m $542.0m $550.0m $559.0m
Non-cash lease amortization and accretion (Note 13) — — — — — — $752k $683k $353k $235k —
Deferred Income Tax Expense (Benefit) ($91.0m) $124.0m $8.0m ($306.0m) $184.0m $27.0m ($273.0m) ($339.0m) ($355.0m) $327.0m $437.0m
Issuance of common stock under stock-based compensation plans $176.0m $189.0m $181.0m $159.0m $142.0m $130.0m $86.0m $71.0m $63.0m $58.0m —
Share-based Payment Arrangement, Expense $217.0m $221.0m $267.0m — — — $261.0m $176.0m $175.0m $181.0m $190.0m
Share-based Payment Arrangement, Noncash Expense $217.0m $221.0m $267.0m $217.0m $232.0m $246.0m $261.0m $176.0m $175.0m $181.0m $190.0m
Stock-based compensation expense $217.0m $221.0m $267.0m $217.0m $232.0m $246.0m $261.0m $176.0m $175.0m $181.0m $190.0m
Equity Method Investment, Other than Temporary Impairment — — — $57.0m — — — — — — —
Income (Loss) from Equity Method Investments $1.0m $2.0m $2.0m ($58.0m) $0 $3.0m $4.0m $7.0m $15.0m $9.0m —
Nonoperating Income (Expense) $68.0m $174.0m ($4.0m) $90.0m ($18.0m) $1.0m $48.0m $98.0m $46.0m $90.0m —
Other Nonoperating Income (Expense) $2.0m ($3.0m) ($2.0m) $5.0m $3.0m $0 $1.0m $11.0m $0 $4.0m —
Changes in operating assets and liabilities:
Accounts Receivable, Credit Loss Expense (Reversal) $12.0m $15.0m $13.0m — $8.0m $6.0m $9.0m $12.0m $12.0m $11.0m ($320.0m)
Increase (Decrease) in Accounts Receivable $330.0m $249.0m $365.0m ($37.0m) ($264.0m) $407.0m $238.0m $43.0m $49.0m $366.0m ($320.0m)
Trade accounts receivable ($330.0m) ($249.0m) ($365.0m) $37.0m $264.0m ($407.0m) ($238.0m) ($43.0m) ($49.0m) ($366.0m) —
Accounts payable $6.0m $16.0m ($4.0m) $8.0m $109.0m ($35.0m) ($11.0m) ($23.0m) ($23.0m) ($2.0m) $56.0m
Deferred revenue, current and noncurrent ($38.0m) $18.0m ($86.0m) $56.0m $65.0m $19.0m ($26.0m) ($4.0m) $44.0m $55.0m —
Purchases of property and equipment, accrued but unpaid $300.0m $284.0m $377.0m $392.0m $398.0m $279.0m $332.0m $317.0m $297.0m $288.0m ($319.0m)
Other ($3k) ($3k) — — — — — — — — —
Other Operating Expense — — — — — $404 $2k $2k — — —
Other current and noncurrent assets — ($270.0m) ($8.0m) $159.0m $73.0m $348.0m $343.0m $123.0m ($386.0m) ($118.0m) —
Other current and noncurrent liabilities $54.0m $671.0m $56.0m ($159.0m) $302.0m ($413.0m) ($392.0m) ($242.0m) ($96.0m) $93.0m —
Net Cash Provided by (Used in) Operating Activities $1.6b
$2.4b +48.49%
$2.6b +7.69%
$2.5b -3.59%
$3.3b +32.01%
$2.5b -24.37%
$2.6b +2.93%
$2.3b -9.27%
$2.1b -8.84%
$2.9b +35.73%
$2.9b +1.18%
Cash flows from investing activities:
Acquisition of intellectual property (Note 8) — — — $0 $0 ($65k) $0 $0 — — —
Gain (Loss) on Disposition of Property Plant Equipment — — — — — — — $0 $0 $62.0m ($62.0m)
Payments to Acquire Property, Plant, and Equipment $300.0m $284.0m $377.0m $392.0m $398.0m $279.0m $332.0m $317.0m $297.0m $288.0m ($319.0m)
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — — $0 $0 $0 — — —
Increase in short-term investments $602k $503k ($3.0m) — — — — — — — —
Payments to Acquire Investments $5.2b — — — — — — — — — ($52.0m)
Proceeds from maturity or sale of other investments $843.0m $836.0m $365.0m $501.0m $549.0m $1.1b $1.0b $527.0m $265.0m $5.0m —
Proceeds from short-term investments (Note 3) — — — $76k $3.4m ($209k) $550k $0 $0 ($350k) —
Purchases of other investments ($884.0m) ($385.0m) ($513.0m) ($483.0m) ($531.0m) ($1.7b) ($546.0m) ($379.0m) ($2.0m) ($17.0m) —
Payments to Acquire Businesses, Net of Cash Acquired — $216.0m $1.1b $617.0m $1.1b $970.0m $367.0m $409.0m $1.6b $0 ($1.3b)
Net cash from (used in) investing activities $527k $3.1m ($3.0m) ($141k) $3.4m ($274k) $550k ($32k) ($27k) — —
Net Cash Provided by (Used in) Investing Activities ($963.0m) ($582.0m) ($1.6b) $1.6b ($1.2b) ($2.2b) ($106.0m) ($331.0m) ($1.6b) ($230.0m) ($1.6b)
Cash flows from financing activities:
Proceeds from Debt Issuance — — — $0 $0 $0 $0 $3.5m $4.7m $0 —
Proceeds from borrowings under the revolving credit facility — — $0 $0 $1.7b $0 $0 $0 $600.0m $0 —
Repayment of Term Loan borrowings and earnout and finance leases obligations ($57.0m) ($95.0m) ($91.0m) ($28.0m) ($50.0m) ($53.0m) ($686.0m) ($25.0m) ($73.0m) ($42.0m) —
Repayment of long-term debt (Note 12) — — — — — $1.0m ($65k) ($111k) ($111k) ($111k) —
Payments for Repurchase of Common Stock $512.0m $1.9b $1.3b $2.2b $1.6b $771.0m $1.4b $1.1b $605.0m $1.4b —
Payments of Ordinary Dividends, Common Stock — $265.0m $468.0m $453.0m $480.0m $509.0m $564.0m $591.0m $600.0m $610.0m ($618.0m)
Repurchases of common stock ($512.0m) ($1.9b) ($1.3b) ($2.2b) ($1.6b) ($771.0m) ($1.4b) ($1.1b) ($605.0m) ($1.4b) —
Dividends paid $0 ($265.0m) ($468.0m) ($453.0m) ($480.0m) ($509.0m) ($564.0m) ($591.0m) ($600.0m) ($610.0m) ($618.0m)
Net Cash from Financing Activities $0 $0 $9.2m
($1.5m) -116.32%
$0 +100.00%
$0 $0 $1.6m
$0 -100.00%
$2.8m —
Net Cash Provided by (Used in) Financing Activities ($719.0m)
($2.0b) -176.08%
($1.7b) +14.71%
($2.6b) -51.74%
($2.0b) +21.80%
($1.2b) +40.12%
($1.9b) -61.18%
($1.6b) +17.02%
($915.0m) +43.13%
($2.3b) -148.31%
($2.0b) +11.27%
Decrease (increase) in restricted cash $75k $0 $0 — — — — — — — —
Net increase (decrease) in cash and cash equivalents ($6.6m) ($324k) $173k $2.5m ($168k) — — — — — —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($764.0m) $1.5b $35.0m ($888.0m) $502.0m $423.0m ($486.0m) $403.0m $1.0b
Cash And Cash Equivalents, Beginning Of The Year $7.1m $490k $167k $340k $2.9m $2.7m — — — — —
Cash, cash equivalents and restricted cash and cash equivalents, beginning of year — — $1.2b $2.6b $2.7b $1.8b $2.3b $2.7b $2.2b $2.6b —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($764.0m) $1.5b $2.7b $1.8b $2.3b $2.7b $2.2b $2.6b $1.0b
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation — — — ($38k) ($17.0m) ($16.0m) ($21.0m) $33.0m ($49.0m) $22.0m —
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($764.0m) $1.5b $35.0m ($888.0m) ($21.0m) $33.0m ($49.0m) $22.0m ($9.0m)
Effect of Exchange Rate on Cash — — $25k $26k ($117k) — — — — — ($9.0m)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Accretion expense (recovery) (Note 14) — — — $2k $2k ($404) $2k $2k ($2k) ($1k) —
Additional Financial Items
Aro Liabilities Settled (note 13) — $0 $0 ($7k) ($809) $0 $0 — — — —
Asset retirement obligations paid $0 ($821) $0 — — — — — — — —
Change in non-cash working capital balances (Note 22) ($1.4m) $829k ($858k) ($1.5m) $626k $14k $1.8m ($1.3m) $1.9m ($4.3m) —
Comprehensive income (loss) for the year ($9.1m) ($9.0m) ($7.0m) $3.8m — — — — — — —
Cost of equity-based transaction with non-employee $0 ($6k) $0 $0 — — — — — — —
Deferred rent ($3k) ($3k) ($3k) $0 $0 — — — — — —
Foreign Currency Transaction Gain (Loss), before Tax ($30.0m) $67.0m ($152.0m) ($65.0m) ($116.0m) ($20.0m) $7.0m $2.0m ($19.0m) $18.0m —
Foreign exchange (gain) loss — — — — — $157 ($14k) ($25k) $659k ($297k) —
Gain on extinguishment of liabilities (Note 25) $0 $0 ($186k) $0 $0 — — — — — —
Gain on settlement of liabilities and deferred rent — ($3k) ($189k) $0 — — — — — — —
Goodwill $2.6b $2.7b $3.5b $4.0b $5.0b $5.6b $5.7b $6.1b $7.0b $7.1b —
Income Tax Expense — $73k $0 $0 $0 $0 $0 $0 $0 — —
Income Tax Expense (Benefit) $805.0m $1.2b $698.0m $643.0m $704.0m $693.0m $730.0m $668.0m $713.0m $1.3b —
Income Taxes Paid, Net $845.0m $587.0m $597.0m $870.0m $745.0m $625.0m $813.0m $1.2b $1.1b $985 —
Interest Expense $16k $4k — — — — — — — — —
Interest Expense Nonoperating — — — — — — — — $54.0m $37.0m —
Interest Paid, Excluding Capitalized Interest, Operating Activities $16.0m $21.0m $21.0m $25.0m $25.0m $7.0m $15.0m $40.0m $53.0m $36.0m —
Items not affecting cash — — — — — $2.1m $3.8m $619k $5.1m $3.5m —
Loss on disposal of assets and lease modifications — — — — $0 $0 ($12k) $0 $135k $7k —
Net funds used in targeted issuer bid (Note 15) — $0 $0 ($1.3m) $0 — — — — — —
Net proceeds from Rights Offering (Note 15) $0 $2.0m $0 $0 — $0 $216k $0 $0 — —
Non-cash Lease Costs — — — ($12k) ($12k) ($12k) ($8k) — — — —
Non-cash lease and interest (Note 25) — $0 ($155k) ($171k) ($171k) — — — — — —
Noncash investing and financing activities:
Other, net $46.0m ($86.0m) $112.0m $119.0m $119.0m ($1.0m) $45.0m $1.0m $32.0m ($5.0m) —
Payments for business combinations, net of cash acquired — ($216.0m) ($1.1b) ($617.0m) ($1.1b) ($970.0m) ($367.0m) ($409.0m) ($1.6b) $0 —
Prepaid Long-term insurance — — — — — $0 $0 ($12k) $0 $0 —
Proceeds from Stock Issuance $499k $36k $5k $0 $0 $43k $0 — — — —
Proceeds from maturity of available-for-sale investment securities $4.0b $3.4b $1.8b $2.1b $0 $120.0m $1.3b $285.0m $0 $0 —
Proceeds from maturity of held-to-maturity investment securities $15.0m $404.0m $1.2b $1.5b $467.0m $180.0m $54.0m $24.0m $3.0m $0 —
Proceeds from stock options and restricted Stock Units — — — — — $0 $0 $4k $0 $66k —
Purchases of available-for-sale investment securities ($4.2b) ($3.1b) ($1.6b) ($333.0m) $0 ($430.0m) ($1.2b) ($59.0m) $0 $0 —
Purchases of held-to-maturity investment securities ($54.0m) ($1.2b) ($1.4b) ($693.0m) ($202.0m) ($203.0m) ($44.0m) ($3.0m) $0 $0 —
Remeasurement of convertible debentures (Note 11) — — — — — — $0 $0 $297k $5.4m —
Repayments of Long-Term Lines of Credit — — $0 $0 $1.7b $0 $0 $0 ($300.0m) ($300.0m) —
Settlement of payable with shares $0 $95k $0 $0 — — — — — — —
Share issuance costs for Geothermal (Note 15) — — — $0 $0 ($43k) $0 $0 — — —
Shares Purchased And Retired (note 16) — — — ($1.3m) $0 $0 — — — — —
Stock Repurchases (Issuances) — — $0 $0 $8k $69k $50k $36k $42k $43k —
Supplemental disclosure of cash flow information:
Total — $829k ($858k) ($1.5m) $626k — — — — — —
Total Non-cash Items $1.5m $3.5m $900k $405k $2.6m $2.1m $3.8m — — — —
Unrealized Foreign Exchange (gain) Loss $0 $0 ($45k) $64k $35k $157 $14k — — — —
Valuation allowance of Bolivian Tax Credits $0 $208k $0 $0 — — — — — — —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.