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Income Statement
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COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Consulting And Technology Services  11,587.010,182.09,946.09,309.0    
    Healthcare Segment  6,920.06,470.06,837.06,816.0    
    Financial Services  6,051.05,621.05,869.05,845.0 5,366.05,003.04,286.0
    Healthcare  5,337.04,852.04,695.04,668.0 3,871.03,668.02,689.0
    Other       4,250.03,745.03,288.0
Total revenues  18,507.016,652.016,783.016,125.014,810.013,487.012,416.010,263.0
            Revenue growth   [+]11.1%-0.8%4.1%8.9%9.8%8.6%21.0%16.1%
Cost of goods sold  11,604.010,671.010,634.09,838.09,152.08,108.07,440.06,141.0
Gross profit  6,903.05,981.06,149.06,287.05,658.05,379.04,976.04,122.0
            Gross margin  37.3%35.9%36.6%39.0%38.2%39.9%40.1%40.2%
Selling, general and administrative  3,503.03,100.02,972.03,007.02,697.02,731.02,509.02,037.0
Equity in earnings  3.0 -58.02.02.01.0  
EBITDA   [+]3,403.02,888.03,138.03,320.02,998.02,669.02,472.02,093.0
            EBITDA margin  18.4%17.3%18.7%20.6%20.2%19.8%19.9%20.4%
Depreciation  392.0407.0364.0347.0313.0266.0233.0172.0
EBITA  3,011.02,481.02,774.02,973.02,685.02,403.02,239.01,921.0
            EBITA margin  16.3%14.9%16.5%18.4%18.1%17.8%18.0%18.7%
Amortization of intangibles  182.0152.0162.0151.0130.0113.097.036.0
EBIT   [+]2,829.02,329.02,612.02,822.02,555.02,290.02,142.01,885.0
            EBIT margin  15.3%14.0%15.6%17.5%17.3%17.0%17.3%18.4%
Non-recurring items   215.0217.019.072.0   
Interest expense, net   [+]9.024.026.027.023.019.0-66.0-59.0
Other income (expense), net   [+]7.06.0174.021.0195.086.0-44.0-20.0
Pre-tax income  2,827.02,096.02,543.02,797.02,655.02,357.02,164.01,924.0
Income taxes  693.0704.0643.0698.01,153.0805.0540.0485.0
            Tax rate  24.5%33.6%25.3%25.0%43.4%34.2%25.0%25.2%
Net income  2,137.01,392.01,842.02,101.01,504.01,553.01,624.01,439.0
            Net margin  11.5%8.4%11.0%13.0%10.2%11.5%13.1%14.0%
   
Basic EPS   [+]$4.06$2.58$3.30$3.61$2.54$2.56$2.67$2.37
Diluted EPS   [+]$4.05$2.57$3.29$3.60$2.53$2.55$2.65$2.35
   
Dividends per share   [+]$0.96$0.88$0.80$0.80$0.45   
   
Shares outstanding (basic)   [+]527.0540.0559.0582.0593.0607.0609.0608.0
Shares outstanding (diluted)   [+]528.0541.0560.0584.0595.0610.0613.0613.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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