Cognizant technology solutions corporation (CTSH)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Cash flows from operating activities:
Net income

1,842

2,101

1,504

1,553

1,624

1,439

1,228

1,051

883

733

534

430

350

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

526

498

443

379

330

208

179

156

124

110

89

74

53

Provision for doubtful accounts

-

-

-

12

10

5

3

5

4

5

3

8

3

Deferred income taxes

-306

8

124

-91

-126

-100

-88

-117

-8

-51

-26

-5

25

Stock-based compensation expense

217

267

221

217

192

135

118

107

90

56

44

43

35

Excess tax benefits on stock-based compensation plans

-

-

-

-

-

24

30

48

39

71

31

16

42

Other

-119

-125

71

-46

-49

-31

-52

-2

-46

7

-6

2

0

Changes in assets and liabilities:
Trade accounts receivable

-37

365

249

330

322

259

258

158

284

278

98

168

119

Other current assets

-

-

-

104

33

119

74

29

99

75

42

31

34

Other noncurrent assets

-159

8

270

59

39

-19

24

36

28

24

9

9

15

Accounts payable

8

-4

16

6

19

26

-12

32

-8

18

6

19

10

Deferred revenues, current and noncurrent

56

-86

18

-38

50

71

15

-

-

-

-

-

-

Other current and noncurrent liabilities

-159

56

671

54

433

41

313

208

195

348

207

81

77

Net cash provided by operating activities

2,499

2,592

2,407

1,645

2,187

1,473

1,423

1,172

875

764

672

429

344

Cash flows from investing activities:
Purchases of property and equipment

392

377

284

300

273

212

261

334

288

185

76

169

182

Purchases of available-for-sale investment securities

333

1,630

3,120

4,231

2,050

-

-

-

-

-

-

-

-

Proceeds from maturity or sale of available-for-sale investment securities

2,107

1,838

3,404

3,982

1,290

-

-

-

-

-

-

-

-

Purchases of held-to-maturity investment securities

693

1,363

1,221

54

0

-

-

-

-

-

-

-

-

Proceeds from maturity of held-to-maturity investment securities

1,498

1,164

404

15

0

-

-

-

-

-

-

-

-

Purchases of other investments

483

513

385

884

954

-

-

-

-

-

-

-

-

Proceeds from maturity or sale of other investments

501

365

836

843

618

2,240

1,573

1,252

859

706

98

270

1,020

Payments for business combinations, net of cash acquired

617

1,111

216

334

2

2,691

193

59

82

33

68

20

146

Purchases of investments

-

-

-

-

-

2,498

1,848

1,428

1,338

934

348

135

968

Net cash (used in) provided by investing activities

1,588

-1,627

-582

-963

-1,371

-3,161

-730

-570

-850

-446

-394

-55

-277

Cash flows from financing activities:
Issuance of common stock under stock-based compensation plans

159

181

189

176

131

101

117

129

79

107

61

54

67

Excess tax benefits on stock-based compensation plans

-

-

-

-

-

24

30

48

39

71

31

16

42

Repurchases of common stock

2,247

1,261

1,889

512

460

248

179

520

374

59

16

27

105

Repayment of term loan borrowings and finance lease obligations

28

91

95

57

53

15

0

-

-

-

-

-

-

Borrowings under the revolving credit facility

0

-75

75

-350

-300

650

0

-

-

-

-

-

-

Proceeds from debt modification

0

25

0

0

-

-

-

-

-

-

-

-

-

Proceeds from term loan borrowings

-

-

-

-

-

1,000

0

0

-

-

-

-

-

Debt issuance costs

0

4

0

0

-

9

0

0

-

-

-

-

-

Dividends paid

453

468

265

0

0

-

-

-

-

-

-

-

-

Repayments of debt

-

-

-

-

-

-

-

0

-

-

-

-

-

Net cash provided by (used in) financing activities

-2,569

-1,693

-1,985

-743

-682

1,503

-30

-342

-255

120

76

44

4

Effect of exchange rate changes on cash and cash equivalents

-34

-36

51

-30

-19

-18

-19

-0

0

2

11

-23

2

Increase (decrease) in cash and cash equivalents

1,484

-764

-109

-91

115

-203

642

259

-230

440

365

395

73

Supplemental information:
Cash paid for income taxes during the year

870

597

587

845

579

559

481

402

248

127

120

82

43

Cash interest paid during the year

25

21

21

16

14

0

0

0

-

-

-

-

-