Cognizant Technology Solutions (CTSH) FY2015 results: revenue $12.4 billion, up 21.0% on the year
Cognizant Technology Solutions Corp. (CTSH) reported revenue of $12.4 billion for fiscal 2015, the year ended 31 December 2015, up 21.0% on the year before. Net income was $1.6 billion, up 12.8%, and diluted earnings per share $2.65. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$12.4 billion
+21.0% on the year
FY2008FY2015
Operating margin
17.3%
18.4% a year earlier
FY2008FY2015
Net income
$1.6 billion
+12.8% on the year
FY2008FY2015
Diluted EPS
$2.65
+12.8% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
12,416
10,263
8,843
+21.0%
Selling, general and administrative
2,509
2,037
1,728
+23.2%
Operating income
2,142
1,885
1,678
+13.6%
Operating margin
17.3%
18.4%
19.0%
Interest expense
18.0
3.0
0.0
+500.0%
Pre-tax income
2,164
1,924
1,688
+12.5%
Income tax
540
485
459
+11.4%
Effective tax rate
25.0%
25.2%
27.2%
Net income
1,624
1,439
1,229
+12.8%
Net margin
13.1%
14.0%
13.9%
Diluted EPS
$2.65
$2.35
$2.02
+12.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
2,187
1,473
1,424
+48.5%
Capital expenditure
273
212
262
+28.6%
Free cash flow
1,914
1,261
1,162
+51.8%
Free cash flow margin
15.4%
12.3%
13.1%
Cash from investing
-1,371
-3,161
-731
Cash from financing
-682
1,503
-30.9
Depreciation and amortisation
330
208
180
+58.6%
Share-based compensation
192
135
119
+42.4%
Buybacks
460
248
179
+85.2%
Dividends paid
0.0
n/a
n/a
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
613m
612m
610m
+0.1%
Shares outstanding at period end
609m
609m
608m
-0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
9,278
7,740
6,136
+19.9%
Debt
1,283
1,638
0.0
-21.6%
Other liabilities
2,504
2,101
1,999
+19.2%
Total liabilities and equity
13,065
11,479
8,135
+13.8%
Fixed assets
1,271
1,247
1,081
+1.9%
Goodwill
2,405
2,414
444
-0.4%
Intangible assets
864
954
131
-9.4%
Investments
2,824
1,765
1,534
+60.1%
Trading assets
0.0
n/a
n/a
Cash and equivalents
2,125
2,010
2,213
+5.7%
Receivables
2,253
1,969
1,649
+14.4%
Other assets
1,323
1,121
1,082
+18.0%
Total assets
13,065
11,479
8,135
+13.8%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.