← 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
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $8.1b
$9.2b +12.88%
$9.8b +7.50%
$10.6b +8.09%
$10.7b +0.35%
$11.6b +8.74%
$12.4b +7.27%
$12.7b +1.74%
$13.0b +2.32%
$14.0b +7.97%
$14.4b +2.96%
Cost of revenues (exclusive of depreciation and amortization expense shown separately below) $8.1b
$9.2b +12.88%
$9.8b +7.50%
$10.6b +8.09%
$10.7b +0.35%
$11.6b +8.74%
$12.4b +7.27%
$12.7b +1.74%
$13.0b +2.32%
$14.0b +7.97%
$14.4b +2.96%
Net Interest Income ($17k)
$4k +125.99%
($62k) -1482.47%
($29k) +53.29%
($14k) +51.44%
$38k +369.91%
$36k -4.57%
— — — $56.0m
Selling, General and Administrative Expense $2.7b $2.8b $3.0b $3.0b $3.1b $3.5b $3.4b $3.3b $3.2b $3.2b $3.2b
Amortization of Intangible Assets $113.0m $130.0m $151.0m $162.0m $152.0m $182.0m $184.0m $165.0m $188.0m $218.0m —
Restructuring charges — $72.0m $19.0m $217.0m $215.0m $0 $0 $229.0m $134.0m $0 —
Operating expenses $9.7m $8.7m $7.3m $8.0m $6.2m $6.2m $6.7m $7.4m $8.0m $12.0m $3.7b
Operating Income (Loss) $2.3b
$2.5b +8.39%
$2.8b +12.90%
$2.5b -12.42%
$2.1b -13.82%
$2.8b +33.68%
$3.0b +5.02%
$2.7b -9.40%
$2.9b +7.55%
$3.4b +17.19%
$3.5b +3.87%
Interest Expense $19.0m $23.0m $27.0m $26.0m $24.0m $9.0m $19.0m $41.0m $54.0m $37.0m $36.0m
Interest income $115.0m $133.0m $177.0m $176.0m $119.0m $30.0m $59.0m $126.0m $119.0m $105.0m $92.0m
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 —
Gain on sale of property and equipment — — — — — — — $0 $0 ($62.0m) —
Other income (expense):
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 —
Other Expense — — — $2.7m $1.1m $1.2m $1.2m $2.2m $2.0m $5.8m —
Other Nonoperating Income (Expense) $2.0m ($3.0m) ($2.0m) $5.0m $3.0m $0 $1.0m $11.0m $0 $4.0m —
Nonoperating Income (Expense) $68.0m $174.0m ($4.0m) $90.0m ($18.0m) $1.0m $48.0m $98.0m $46.0m $90.0m —
Total Other Expenses (income) — — — $206k ($68k) $68k $50k — — — —
Total other income (expense), net $68.0m $174.0m ($4.0m) $90.0m ($18.0m) $1.0m $48.0m $98.0m $46.0m $90.0m —
Income (Loss) from Continuing Operations before Income Taxes, Domestic $752.0m $810.0m $947.0m $931.0m $814.0m $818.0m $975.0m $813.0m $906.0m $1.2b $3.5b
Income before provision for income taxes $2.4b $2.7b $2.8b $2.5b $2.1b $2.8b $3.0b $2.8b $2.9b $3.5b —
Loss before income taxes ($8.7m) ($8.9m) ($7.0m) $3.8m ($6.0m) ($3.1m) ($6.7m) ($5.5m) ($9.1m) ($1.8m) —
Current Income Tax Expense $375k $76k $0 $0 — — — — — — $1.3b
Current Income Tax Expense (Benefit) $896.0m $1.0b $690.0m $949.0m $520.0m $666.0m $1.0b $1.0b $1.1b $931.0m $1.3b
Provision for income taxes ($805.0m) ($1.2b) ($698.0m) ($643.0m) ($704.0m) ($693.0m) ($730.0m) ($668.0m) ($713.0m) ($1.3b) —
Net loss and comprehensive loss ($9.1m) ($9.0m) ($7.0m) $3.8m — ($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%
$2.2b -0.45%
Earnings Per Share, Basic $2.56 $2.54 $3.61 $3.30 $2.58 $4.06 $4.42 $4.21 $4.52 $4.57 $4.68
Earnings Per Share, Diluted $2.55 $2.53 $3.60 $3.29 $2.57 $4.05 $4.41 $4.21 $4.51 $4.56 $4.66
Common Stock, Dividends, Per Share, Declared $0.00 $0.45 $0.80 $0.81 $0.89 $0.96 $1.08 $1.16 $1.20 $1.24 —
Dilutive effect of shares issuable under stock-based compensation plans $3.0m $2.0m $2.0m $1.0m $1.0m $1.0m $1.0m $0 $1.0m $1.0m —
Weighted Average Number of Shares Outstanding, Basic 607.0m 593.0m 582.0m 559.0m 540.0m 527.0m 518.0m 505.0m 496.0m 488.0m 477.0m
Weighted average number of common shares outstanding—Basic 607.0m 593.0m 582.0m 559.0m 540.0m 527.0m 518.0m 505.0m 496.0m 488.0m —
Weighted average number of common shares outstanding—Diluted 610.0m 595.0m 584.0m 560.0m 541.0m 528.0m 519.0m 505.0m 497.0m 489.0m —
Weighted Average Number of Shares Outstanding, Diluted 610.0m 595.0m 584.0m 560.0m 541.0m 528.0m 519.0m 505.0m 497.0m 489.0m 478.5m
Additional Financial Items
Capitalized Computer Software, Amortization — — $14.0m $22.0m $30.0m $33.0m $37.0m $37.0m $36.0m $43.0m —
Depreciation and amortization expense $359.0m $408.0m $460.0m $507.0m $552.0m $574.0m $569.0m $519.0m $529.0m $550.0m $559.0m
Foreign currency exchange gains (losses), net ($30.0m) $67.0m ($152.0m) ($65.0m) ($116.0m) ($20.0m) $7.0m $2.0m ($19.0m) $18.0m —
Foreign exchange loss (gain) $273k $70k ($20k) $178k ($64k) $9k ($15k) ($8k) $574k ($33k) —
Gain on extinguishment of liability (Note 25) $0 $0 ($186k) $0 $0 — — — — — —
Intellectual property and other — — — $57k $10k $21k $29k $16k — — —
Loss on disposal of assets, lease modifications and other — — — — — — $29k $16k $146k — —
Loss on remeasurement of convertible debentures (Note 11) — — — — — — $0 $0 $297k $5.4m —
Other, net $2.0m ($3.0m) ($2.0m) $5.0m $3.0m $0 $1.0m $11.0m $0 $4.0m —
Stock-Based Compensation Expense $790k $581k $386k $44k — — — — — — —
Survey costs (Note 22) $1.2m $1.3m $1.1m $2.6m $1.1m — — — — — —

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.