Cognizant Technology Solutions (CTSH) FY2021 results: revenue $18.5 billion, up 11.1% on the year
Cognizant Technology Solutions Corp. (CTSH) reported revenue of $18.5 billion for fiscal 2021, the year ended 31 December 2021, up 11.1% on the year before. Net income was $2.1 billion, up 53.5%, and diluted earnings per share $4.05. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$18.5 billion
+11.1% on the year
FY2014FY2021
Operating margin
15.3%
12.7% a year earlier
FY2014FY2021
Net income
$2.1 billion
+53.5% on the year
FY2014FY2021
Diluted EPS
$4.05
+57.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,495
3,299
2,499
-24.4%
Capital expenditure
279
398
392
-29.9%
Free cash flow
2,216
2,901
2,107
-23.6%
Free cash flow margin
12.0%
17.4%
12.6%
Cash from investing
-2,164
-1,238
1,588
Cash from financing
-1,203
-2,009
-2,569
Depreciation and amortisation
574
559
526
+2.7%
Share-based compensation
246
232
217
+6.0%
Buybacks
771
1,621
2,247
-52.4%
Dividends paid
509
480
453
+6.0%
Dividend per share
$0.96
$0.88
$0.80
+9.1%
Diluted shares, weighted
528m
541m
560m
-2.4%
Shares outstanding at period end
525m
530m
548m
-0.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
11,991
10,836
11,022
+10.7%
Debt
664
701
738
-5.3%
Operating lease liabilities
783
846
745
-7.4%
Finance lease liabilities
5.0
11.0
15.0
-54.5%
Other liabilities
4,409
4,529
3,684
-2.6%
Total liabilities and equity
17,852
16,923
16,204
+5.5%
Fixed assets
1,171
1,251
1,309
-6.4%
Goodwill
5,620
5,031
3,979
+11.7%
Intangible assets
1,218
1,046
1,041
+16.4%
Investments
1,390
484
796
+187.2%
Cash and equivalents
1,792
2,680
2,645
-33.1%
Receivables
3,557
3,087
3,256
+15.2%
Other assets
3,104
3,344
3,178
-7.2%
Total assets
17,852
16,923
16,204
+5.5%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.