Cognizant Technology Solutions Corporation (CTSH)

CTSH Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	19,353	19,428	18,507	16,652	16,783
Revenue Growth (YoY)	-0.39%	4.98%	11.14%	-0.78%	4.08%
Cost of Revenue	12,664	12,448	11,604	10,671	10,634
Gross Profit	6,689	6,980	6,903	5,981	6,149
Selling, General & Admin	3,252	3,443	3,503	3,100	2,972
Other Operating Expenses	748	569	574	767	724
Operating Expenses	4,000	4,012	4,077	3,867	3,696
Operating Income	2,689	2,968	2,826	2,114	2,453
Interest Expense / Income	41	19	9	24	26
Other Expense / Income	-146	-71	-13	-6	-58
Pretax Income	2,794	3,020	2,830	2,096	2,485
Income Tax	668	730	693	704	643
Net Income	2,126	2,290	2,137	1,392	1,842
Net Income Growth	-7.16%	7.16%	53.52%	-24.43%	-12.33%
Shares Outstanding (Basic)	505	518	527	540	559
Shares Outstanding (Diluted)	505	519	528	541	560
Shares Change	-2.70%	-1.70%	-2.40%	-3.39%	-4.11%
EPS (Basic)	4.21	4.42	4.06	2.58	3.30
EPS (Diluted)	4.21	4.41	4.05	2.57	3.29
EPS Growth	-4.54%	8.89%	57.59%	-21.88%	-8.61%
Free Cash Flow	2,013	2,236	2,216	2,901	2,107
Free Cash Flow Per Share	3.99	4.32	4.21	5.37	3.77
Dividend Per Share	1.160	1.080	0.960	0.880	0.800
Dividend Growth	7.41%	12.50%	9.09%	10.00%	0%
Gross Margin	34.56%	35.93%	37.30%	35.92%	36.64%
Operating Margin	13.89%	15.28%	15.27%	12.70%	14.62%
Profit Margin	10.99%	11.79%	11.55%	8.36%	10.98%
Free Cash Flow Margin	10.40%	11.51%	11.97%	17.42%	12.55%
Effective Tax Rate	23.91%	24.17%	24.49%	33.59%	25.88%
EBITDA	3,390	3,608	3,413	2,679	3,037
EBITDA Margin	17.52%	18.57%	18.44%	16.09%	18.10%
Depreciation & Amortization	555	569	574	559	526
EBIT	2,835	3,039	2,839	2,120	2,511
EBIT Margin	14.65%	15.64%	15.34%	12.73%	14.96%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).