Cognizant Technology Solutions (CTSH) FY2022 results: revenue $19.4 billion, up 5.0% on the year
Cognizant Technology Solutions Corp. (CTSH) reported revenue of $19.4 billion for fiscal 2022, the year ended 31 December 2022, up 5.0% on the year before. Net income was $2.3 billion, up 7.2%, and diluted earnings per share $4.41. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$19.4 billion
+5.0% on the year
FY2015FY2022
Operating margin
15.3%
15.3% a year earlier
FY2015FY2022
Net income
$2.3 billion
+7.2% on the year
FY2015FY2022
Diluted EPS
$4.41
+8.9% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,568
2,495
3,299
+2.9%
Capital expenditure
332
279
398
+19.0%
Free cash flow
2,236
2,216
2,901
+0.9%
Free cash flow margin
11.5%
12.0%
17.4%
Cash from investing
-106
-2,164
-1,238
Cash from financing
-1,939
-1,203
-2,009
Depreciation and amortisation
569
574
559
-0.9%
Share-based compensation
261
246
232
+6.1%
Buybacks
1,422
771
1,621
+84.4%
Dividends paid
564
509
480
+10.8%
Dividend per share
$1.08
$0.96
$0.88
+12.5%
Diluted shares, weighted
519m
528m
541m
-1.7%
Shares outstanding at period end
509m
525m
530m
-3.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
12,309
11,991
10,836
+2.7%
Debt
646
664
701
-2.7%
Operating lease liabilities
714
783
846
-8.8%
Finance lease liabilities
8.0
5.0
11.0
+60.0%
Other liabilities
4,175
4,409
4,529
-5.3%
Total liabilities and equity
17,852
17,852
16,923
0.0%
Fixed assets
1,101
1,171
1,251
-6.0%
Goodwill
5,710
5,620
5,031
+1.6%
Intangible assets
1,168
1,218
1,046
-4.1%
Investments
737
1,390
484
-47.0%
Cash and equivalents
2,191
1,792
2,680
+22.3%
Receivables
3,796
3,557
3,087
+6.7%
Other assets
3,149
3,104
3,344
+1.4%
Total assets
17,852
17,852
16,923
0.0%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.