Cognizant Financials

$3.8 B

Revenue Q3, 2017

$42.1 B

Mkt cap, 13-Dec-2017
Gross profit (Q3, 2017)1.4 B
Gross profit margin (Q3, 2017), %38%
Net income (Q3, 2017)495 M
EBIT (Q3, 2017)648 M
Cash, 30-Sep-20171.6 B
EV41.4 B

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

10.3 b12.4 b13.5 b

Revenue growth, %

16%21%9%

Cost of goods sold

6.1 b7.4 b8.1 b

Gross profit

4.1 b5 b5.4 b

Gross profit Margin, %

40%40%40%

General and administrative expense

2 b2.5 b2.7 b

Operating expense total

2 b2.5 b2.7 b

Depreciation and amortization

200 m325 m359 m

EBIT

1.9 b2.1 b2.3 b

EBIT margin, %

18%17%17%

Interest expense

2.5 m17.7 m19 m

Interest income

62 m84 m115 m

Pre tax profit

1.9 b2.2 b2.4 b

Income tax expense

484.7 m540 m(805 m)

Net Income

1.4 b1.6 b1.6 b

Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

2 b2.1 b2 b

Accounts Receivable

2 b2.3 b2.6 b

Current Assets

6.8 b7.9 b8.6 b

PP&E

1.2 b1.3 b1.3 b

Goodwill

2.4 b2.4 b2.6 b

Total Assets

11.7 b13.1 b14.3 b

Accounts Payable

145.7 m165 m175 m

Short-term debt

700 m406 m81 m

Current Liabilities

2.6 b2.7 b2.4 b

Long-term debt

937.5 m881.2 m797 m

Non-Current Liabilities

1.4 b1.1 b1.1 b

Total Debt

1.6 b1.3 b878 m

Total Liabilities

4 b3.8 b3.5 b

Common Stock

6.1 m6.1 m6 m

Additional Paid-in Capital

555.6 m453 m358 m

Retained Earnings

7.3 b8.9 b10.5 b

Total Equity

7.7 b9.3 b10.7 b

EPS

2.42.72.6

Debt to Equity Ratio

0.2 x0.1 x0.1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

1.5 x1.4 x1.3 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

1.9 b2 b2.6 b1.3 b1.1 b1.5 b1.5 b1.7 b1.6 b1.3 b1.2 b1.6 b

Accounts Receivable

1.7 b1.8 b1.8 b2.1 b2.2 b2.1 b2.3 b2.4 b2.5 b2.6 b2.7 b2.9 b

Current Assets

6.3 b6.7 b7.3 b6.4 b6.8 b7.2 b7.6 b7.8 b8.2 b7.8 b8.1 b8.6 b

PP&E

1.1 b1.1 b1.1 b1.3 b1.3 b1.3 b1.3 b1.3 b1.3 b1.3 b1.3 b1.3 b

Goodwill

445.2 m449.5 m437.8 m2.4 b2.4 b2.4 b2.5 b2.5 b2.5 b2.6 b2.6 b2.6 b

Total Assets

8.3 b8.7 b9.2 b11.4 b11.8 b12.3 b12.7 b13.1 b13.7 b13.6 b13.9 b14.6 b

Accounts Payable

176.4 m119.1 m130 m181.4 m169 m160.1 m213.2 m164.5 m171.5 m189 m179 m186 m

Short-term debt

150 m150 m50 m162.5 m68.8 m75 m437 m100 m

Current Liabilities

1.5 b1.6 b1.7 b1.9 b2 b2.1 b2.1 b2.1 b2.3 b2.6 b2.4 b2.6 b

Long-term debt

925 m912.5 m900 m858.4 m840 m821.6 m772 m747 m723 m

Non-Current Liabilities

153.5 m128.8 m103.9 m1.3 b1.3 b1.1 b1.2 b1.1 b1.1 b1 b1 b

Total Debt

1.1 b1.1 b950 m1 b908.8 m896.6 m1.2 b747 m823 m

Total Liabilities

1.7 b1.7 b1.8 b3.2 b3.3 b3.4 b3.1 b3.3 b3.4 b3.6 b3.5 b3.6 b

Common Stock

6.1 m6.1 m6.1 m6.1 m6.1 m6.1 m6.1 m6.1 m6.1 m6 m6 m6 m

Additional Paid-in Capital

572.9 m513.1 m560.5 m607.2 m520.6 m432.4 m301.4 m333.7 m279.2 m59 m128 m208 m

Retained Earnings

6.2 b6.6 b6.9 b7.7 b8.1 b8.5 b9.4 b9.6 b10.1 b9.9 b10.3 b10.7 b

Total Equity

6.6 b7 b7.4 b8.2 b8.5 b8.8 b9.6 b9.9 b10.3 b10 b10.5 b11 b

EPS

0.60.60.60.60.70.70.70.40.70.90.80.8

Debt to Equity Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

1.3 x1.2 x1.2 x1.4 x1.4 x1.4 x1.3 x1.3 x1.3 x1.4 x1.3 x1.3 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

1.4 b1.6 b1.6 b

Depreciation and Amortization

208 m330 m379 m

Accounts Receivable

(259 m)(322 m)(330 m)

Accounts Payable

26 m19.4 m6 m

Cash From Operating Activities

1.5 b2.2 b1.6 b

Purchases of PP&E

(212 m)(272.8 m)(300 m)

Cash From Investing Activities

(3.2 b)(1.4 b)(963 m)

Cash From Financing Activities

1.5 b(648.1 m)(719 m)

Net Change in Cash

(202.9 m)115.1 m(91 m)

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

348.9 m371.9 m1.1 b382.9 m803 m1.2 b441.2 m693.6 m1.1 b557 m1 b1.5 b

Depreciation and Amortization

46.7 m46.7 m145.2 m75.6 m159.6 m242 m87.7 m180.6 m278.4 m104 m207 m321 m

Accounts Receivable

(52.7 m)(161.2 m)(167.7 m)(110.7 m)(185.7 m)(190.6 m)(55.2 m)(187.2 m)(261.2 m)(86 m)(103 m)(284 m)

Accounts Payable

65.6 m8.1 m44.6 m28.3 m19.4 m16.8 m48.1 m5.9 m11.9 m13 m2 m(5 m)

Cash From Operating Activities

157.3 m565.6 m1.1 b189.3 m645.4 m1.5 b72 m438 m1 b277 m798 m1.6 b

Purchases of PP&E

(43.3 m)82 m(137.5 m)(58 m)(133.6 m)(198.7 m)(63.7 m)(138.6 m)(212.8 m)(66 m)(126 m)(204 m)

Cash From Investing Activities

(433.7 m)(691.2 m)(626.6 m)(364 m)(853.5 m)(1 b)(228.4 m)(260.3 m)(872.7 m)91 m(298 m)(422 m)

Dividends Paid

(89 m)(179 m)

Cash From Financing Activities

(6.5 m)(100 m)(108.4 m)(557.3 m)(706.4 m)(954.9 m)(471 m)(621 m)(748 m)(1.1 b)(1.4 b)(1.7 b)

Net Change in Cash

(277 m)(220.6 m)404.6 m(738.7 m)(920.8 m)(533.4 m)(601 m)(441 m)(575 m)(726 m)(877 m)(457 m)

Ratios

USDY, 2017

EV/EBIT

63.9 x

EV/CFO

26.3 x

Revenue/Employee

14.5 k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.3 x

Operating Metrics

Cognizant's Customers was reported to be 329 in FY, 2016, which is a 10% increase from the previous period
FY, 2014FY, 2015FY, 2016

Customers

271300329

Delivery Centers

75100

Countries

323538

Locations

103115153

Active Cities

616873