Cognizant Technology Solutions Corporation (CTSH)

CTSH Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	19,301	19,353	19,428	18,507	16,652	16,783
Revenue Growth (YoY)	-0.58%	-0.39%	4.98%	11.14%	-0.78%	4.08%
Cost of Revenue	12,667	12,664	12,448	11,604	10,671	10,634
Gross Profit	6,634	6,689	6,980	6,903	5,981	6,149
Selling, General & Admin	3,182	3,252	3,443	3,503	3,100	2,972
Other Operating Expenses	770	748	569	574	767	724
Operating Expenses	3,952	4,000	4,012	4,077	3,867	3,696
Operating Income	2,682	2,689	2,968	2,826	2,114	2,453
Interest Expense / Income	43	41	19	9	24	26
Other Expense / Income	-142	-146	-71	-13	-6	-58
Pretax Income	2,781	2,794	3,020	2,830	2,096	2,485
Income Tax	689	668	730	693	704	643
Net Income	2,092	2,126	2,290	2,137	1,392	1,842
Net Income Growth	-9.32%	-7.16%	7.16%	53.52%	-24.43%	-12.33%
Shares Outstanding (Basic)	497	505	518	527	540	559
Shares Outstanding (Diluted)	498	505	519	528	541	560
Shares Change	-2.16%	-2.70%	-1.70%	-2.40%	-3.39%	-4.11%
EPS (Basic)	4.17	4.21	4.42	4.06	2.58	3.30
EPS (Diluted)	4.17	4.21	4.41	4.05	2.57	3.29
EPS Growth	-6.92%	-4.54%	8.89%	57.59%	-21.88%	-8.61%
Free Cash Flow	1,398	2,013	2,236	2,216	2,901	2,107
Free Cash Flow Per Share	2.81	3.99	4.32	4.21	5.37	3.77
Dividend Per Share	1.170	1.160	1.080	0.960	0.880	0.800
Dividend Growth	6.36%	7.41%	12.50%	9.09%	10.00%	0%
Gross Margin	34.37%	34.56%	35.93%	37.30%	35.92%	36.64%
Operating Margin	13.90%	13.89%	15.28%	15.27%	12.70%	14.62%
Profit Margin	10.84%	10.99%	11.79%	11.55%	8.36%	10.98%
Free Cash Flow Margin	7.24%	10.40%	11.51%	11.97%	17.42%	12.55%
Effective Tax Rate	24.78%	23.91%	24.17%	24.49%	33.59%	25.88%
EBITDA	3,380	3,390	3,608	3,413	2,679	3,037
EBITDA Margin	17.51%	17.52%	18.57%	18.44%	16.09%	18.10%
Depreciation & Amortization	556	555	569	574	559	526
EBIT	2,824	2,835	3,039	2,839	2,120	2,511
EBIT Margin	14.63%	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).