CTSH FY 2006 Earnings — Cognizant Technology Solutions Corporation Revenue & Financial Results | Market Cap Arena

CTSH Cognizant Technology Solutions Corporation$29B

FY 2006 Earnings

Revenue

$1.4B

Op. Income

$259M

Net Income

$233M

EPS (Diluted)

$0.39

Op. Margin

18.2%

Quarterly Performance

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.4B	—	—	—	—
Op. Income	$259M	—	—	—	—

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$788M
GROSS PROFIT	$636M
R&D Expenses	$0
SG&A Expenses	$343M
Selling & Marketing	$0
General & Administrative	$0
Other Expenses	$34M
Operating Expenses	$377M
OPERATING INCOME	$259M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$19M
INCOME BEFORE TAX	$278M
Income Tax Expense	$45M
NET INCOME	$233M
EBITDA	$293M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$788M
GROSS PROFIT	$636M
R&D Expenses	$0
SG&A Expenses	$343M
Selling & Marketing	$0
General & Administrative	$0
Other Expenses	$34M
Operating Expenses	$377M
OPERATING INCOME	$259M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$19M
INCOME BEFORE TAX	$278M
Income Tax Expense	$45M
NET INCOME	$233M
EBITDA	$293M
EPS	$0
EPS Diluted	$0

Cash Flow Bridge

Item	Amount
Net Income	$233M
Depreciation & Amortization	$34M
Stock-Based Compensation	$0
Deferred Income Tax	-$2M
Other Non-Cash Items	$34M
Change in Working Capital	-$46M
OPERATING CASH FLOW	$253M
Capital Expenditure	-$105M
Acquisitions (Net)	-$15M
Purchases of Investments	-$488M
Sales/Maturities of Investments	$335M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$272M
Net Debt Issuance	-$2M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$33M
NET CASH FROM FINANCING	$83M
FREE CASH FLOW	$148M
Net Change in Cash	$69M

Balance Sheet

Item	Amount
Cash & Equivalents	$266M
Short-Term Investments	$382M
Net Receivables	$259M
Inventory	$61M
Other Current Assets	$133M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$220M
Goodwill	$27M
Intangible Assets	$20M
Long-Term Investments	$0
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$286M
TOTAL ASSETS	$1.3B
Account Payables	$28M
Short-Term Debt	$0
Deferred Revenue	$19M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$250M
Long-Term Debt	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$3M
TOTAL LIABILITIES	$252M
Common Stock	$1M
Retained Earnings	$650M
Treasury Stock	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Total Debt	$0
Net Debt	-$266M