COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION CTSH Cash Flow

Cognizant technology solutions corporation (CTSH)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities:
Net income
367,000	395,000	497,000	509,000	441,000	648,000	477,000	456,000	520,000	-18,000	495,000	470,000	557,000	416,000	444,000	252,000	441,000	423,800	397,200	420,100	382,900	362,600	355,600	371,900	348,900	324,354	319,627	300,410	284,209	278,779	276,901	251,932	243,651	240,127	227,119	208,045	208,327	206,166	203,699	172,175	151,500	144,004	136,572	141,255	113,132
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
136,000	133,000	127,000	133,000	133,000	131,000	127,000	123,000	117,000	122,000	114,000	103,000	104,000	101,000	97,000	93,000	88,000	88,000	82,400	84,000	75,600	62,800	49,700	48,800	46,700	47,887	44,578	43,834	43,601	41,164	41,366	37,433	36,625	34,299	31,639	29,273	28,964	29,614	27,929	25,248	27,381	24,339	22,301	21,579	21,152
Provision for doubtful accounts
-	-	-	-	-	-	1,000	2,000	2,000	-	-5,000	8,000	9,000	3,000	5,000	-1,000	5,000	1,600	9,800	3,500	-4,900	2,100	-3,300	4,500	1,700	-2,385	2,475	1,781	1,729	728	1,675	1,549	1,124	1,049	1,016	3,336	-819	-2,100	2,535	2,857	2,658	665	1,949	719	14
Deferred income taxes
-19,000	-103,000	-23,000	-138,000	-42,000	-38,000	-5,000	49,000	2,000	170,000	-54,000	-1,000	9,000	-47,000	-70,000	-43,000	69,000	-18,700	-70,400	-65,900	29,000	-56,600	-45,800	-33,900	36,300	-65,356	-21,847	-24,027	23,030	-56,018	-79,019	25,311	-8,182	17,605	-24,385	-21,720	19,901	-91,630	861	15,534	23,326	-8,926	-12,796	-8,802	3,935
Stock-based compensation expense
55,000	45,000	52,000	54,000	66,000	68,000	69,000	71,000	59,000	60,000	52,000	55,000	54,000	52,000	49,000	62,000	54,000	50,400	46,400	49,400	45,800	34,400	31,200	33,600	35,800	32,447	27,023	30,237	29,093	27,444	22,261	26,271	31,379	25,988	24,500	23,679	16,065	14,940	14,109	13,990	13,945	12,811	11,856	8,386	11,763
Excess tax benefits on stock-based compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,700	7,800	7,500	9,500	2,500	6,100	5,900	14,150	6,968	1,992	7,490	23,413	9,107	3,107	12,746	8,175	8,925	6,249	15,792	12,422	31,086	12,658	15,753	19,155	7,250	3,332	1,819
Other
-144,000	-106,000	-61,000	41,000	7,000	71,000	-96,000	-77,000	-23,000	22,000	-14,000	8,000	55,000	-36,000	0	-12,000	2,000	-21,100	-19,200	-13,800	5,100	-18,200	-16,100	-6,500	9,800	-429	-20,863	-29,652	-1,656	-6,881	2,618	-11,636	13,400	-22,017	-23,855	76	-240	-1,888	10,285	9,363	-10,162	-5,221	-1,558	3	675
Changes in assets and liabilities:
Trade accounts receivable
-13,000	-213,000	47,000	-2,000	131,000	52,000	-17,000	57,000	273,000	-35,000	181,000	17,000	86,000	69,000	74,000	132,000	55,000	131,400	4,900	75,000	110,700	91,300	6,500	108,500	52,700	-15,002	56,208	67,873	149,421	-25,934	64,588	70,085	49,864	76,925	36,823	81,390	89,029	-13,399	99,508	100,089	92,220	36,489	36,306	12,314	13,342
Other current assets
-	-	-	-	-	-	-	-	-	-	-102,000	101,000	-20,000	20,000	-36,000	42,000	78,000	25,400	-13,000	-20,800	41,400	43,200	23,200	28,200	24,400	18,053	20,467	27,160	9,020	21,764	-31,109	31,823	7,355	57,544	4,169	30,363	7,148	-23,130	19,655	32,515	46,307	-616	18,540	17,258	7,596
Other noncurrent assets
-26,000	-239,000	131,000	39,000	-90,000	152,000	-7,000	110,000	-247,000	205,000	19,000	15,000	31,000	8,000	45,000	-7,000	13,000	-1,100	-10,200	49,300	1,000	3,900	-3,500	-22,700	3,300	14,696	2,211	-13,169	20,562	18,001	17,142	-20,341	21,890	7,921	3,721	10,829	6,334	2,037	9,533	7,737	4,989	1,434	2,924	4,831	66
Accounts payable
44,000	-13,000	19,000	-47,000	49,000	1,000	-2,000	-89,000	86,000	21,000	-7,000	-11,000	13,000	-6,000	6,000	-42,000	48,000	2,200	-2,600	-8,900	28,300	-18,600	36,500	-57,500	65,600	-15,351	15,518	-28,536	16,269	-6,613	12,201	-11,396	38,581	-5,939	-10,298	-33,435	41,079	-17,970	15,949	-15,470	36,088	-3,047	9,836	-16,975	16,861
Deferred revenues, current and noncurrent
59,000	70,000	-12,000	-58,000	56,000	30,000	-69,000	-45,000	-2,000	39,000	-31,000	-57,000	67,000	19,000	-59,000	-39,000	41,000	38,500	-22,300	-40,700	74,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current and noncurrent liabilities
-328,000	-121,000	170,000	178,000	-386,000	142,000	144,000	163,000	-393,000	667,000	293,000	95,000	-384,000	127,000	214,000	239,000	-526,000	253,500	343,600	112,100	-276,200	-3,800	171,900	154,500	-281,600	200,569	156,495	96,062	-139,626	106,739	171,821	66,038	-136,160	100,485	109,536	134,842	-149,825	229,316	138,125	64,596	-83,139	129,359	105,315	42,828	-69,619
Net cash provided by operating activities
497,000	938,000	717,000	575,000	269,000	702,000	862,000	640,000	388,000	836,000	773,000	521,000	277,000	604,000	603,000	366,000	72,000	723,700	817,900	456,100	189,300	324,200	583,200	408,300	157,300	505,897	478,878	365,557	73,468	361,860	384,860	324,100	101,763	285,066	329,344	215,113	45,629	392,294	234,738	135,294	2,328	237,522	208,455	151,258	75,090
Cash flows from investing activities:
Purchases of property and equipment
112,000	93,000	97,000	96,000	106,000	96,000	94,000	91,000	96,000	80,000	78,000	60,000	66,000	87,000	74,000	75,000	64,000	74,300	65,100	75,600	58,000	74,500	55,500	38,700	43,300	107,254	31,836	50,325	72,185	125,749	69,944	78,321	60,451	124,561	74,110	33,735	55,815	74,551	44,796	41,946	24,219	14,626	31,988	9,553	20,472
Purchases of available-for-sale investment securities
0	0	0	90,000	243,000	274,000	550,000	506,000	300,000	957,000	541,000	446,000	1,176,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity or sale of available-for-sale investment securities
0	0	0	1,457,000	650,000	322,000	610,000	713,000	193,000	1,052,000	416,000	448,000	1,488,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of held-to-maturity investment securities
202,000	270,000	17,000	312,000	94,000	270,000	574,000	297,000	222,000	206,000	353,000	313,000	349,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity of held-to-maturity investment securities
154,000	217,000	590,000	343,000	348,000	414,000	364,000	215,000	171,000	196,000	158,000	35,000	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of other investments
54,000	23,000	150,000	279,000	31,000	34,000	161,000	287,000	31,000	22,000	150,000	154,000	59,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity or sale of other investments
28,000	33,000	160,000	279,000	29,000	20,000	140,000	146,000	59,000	1,000	490,000	101,000	244,000	154,000	298,000	-611,000	1,002,000	-644,200	416,300	432,200	413,700	537,300	892,800	419,400	390,500	276,142	326,074	596,905	374,279	249,869	364,677	230,605	407,670	116,293	359,625	254,650	128,836	190,640	264,897	237,257	13,876	21,760	37,147	20,816	18,974
Payments for business combinations, net of cash acquired
86,000	239,000	146,000	35,000	197,000	632,000	1,000	477,000	1,000	144,000	66,000	0	6,000	149,000	34,000	81,000	70,000	2,000	0	0	0	2,679,500	0	9,900	1,600	41,324	1,339	11,861	139,276	15,998	19,019	17,003	7,874	7,760	55,719	11,426	7,895	2,158	2,670	29,035	0	62,837	4,472	0	1,304
Purchases of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,096,000	-	528,100	846,100	719,700	317,700	772,700	628,300	779,300	479,988	445,501	574,619	348,692	248,834	362,245	382,597	434,832	157,204	410,442	453,235	317,783	268,236	252,031	367,120	46,798	119,382	99,932	88,152	40,743
Net cash (used in) provided by investing activities
-272,000	-375,000	340,000	1,267,000	356,000	-550,000	-266,000	-584,000	-227,000	-160,000	-124,000	-389,000	91,000	-90,000	-613,000	-32,000	-228,000	-340,600	-176,900	-489,500	-364,000	-2,534,400	64,600	-257,500	-433,700	-352,424	-152,602	-39,900	-185,874	-140,712	-86,531	-247,316	-95,487	-173,232	-180,646	-243,746	-252,657	-154,305	-34,600	-200,844	-57,141	-175,085	-99,245	-76,889	-43,545
Cash flows from financing activities:
Issuance of common stock under stock-based compensation plans
40,000	32,000	37,000	40,000	50,000	39,000	40,000	42,000	60,000	43,000	42,000	43,000	61,000	41,000	44,000	42,000	49,000	32,100	30,400	31,800	36,700	51,100	100	23,100	26,700	40,663	28,291	16,550	31,996	37,601	30,356	18,174	43,353	22,274	16,995	16,852	23,430	20,014	37,135	19,832	30,103	27,891	15,313	9,683	8,764
Excess tax benefits on stock-based compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,700	7,800	7,500	9,500	2,500	6,100	5,900	14,150	6,968	1,992	7,490	23,413	9,107	3,107	12,746	8,175	8,925	6,249	15,792	12,422	31,086	12,658	15,753	19,155	7,250	3,332	1,819
Repurchases of common stock
511,000	163,000	259,000	1,054,000	771,000	267,000	45,000	633,000	316,000	332,000	13,000	30,000	1,514,000	20,000	157,000	78,000	257,000	76,800	169,200	175,600	38,400	76,700	9,500	122,700	39,100	24,664	6,927	124,855	22,554	36,950	65,112	369,801	48,982	9,173	172,844	103,864	88,266	46,904	7,195	2,586	2,315	1,695	1,099	583	12,882
Repayment of term loan borrowings and finance lease obligations
13,000	12,000	7,000	7,000	2,000	2,000	25,000	25,000	39,000	33,000	20,000	21,000	21,000	16,000	14,000	14,000	13,000	13,400	13,400	13,100	13,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under the revolving credit facility
1,740,000	0	0	0	0	0	0	0	-75,000	75,000	-150,000	-200,000	350,000	0	0	-100,000	-250,000	350,000	-100,000	0	-550,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
121,000	110,000	111,000	116,000	116,000	116,000	116,000	118,000	118,000	86,000	90,000	89,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
1,135,000	-253,000	-340,000	-1,137,000	-839,000	-325,000	-146,000	-734,000	-488,000	-333,000	-231,000	-297,000	-1,124,000	5,000	-127,000	-150,000	-471,000	272,900	-248,500	-149,100	-557,300	1,611,400	-8,400	-93,500	-6,500	30,149	28,332	-106,313	16,932	24,064	-25,649	-348,520	7,117	21,276	-146,924	-80,763	-49,044	-14,468	61,026	29,904	43,541	45,351	21,464	12,432	-2,299
Effect of exchange rate changes on cash and cash equivalents
-119,000	-8,000	-34,000	5,000	3,000	-5,000	-12,000	-20,000	1,000	5,000	2,000	14,000	30,000	-35,000	3,000	-24,000	26,000	-7,600	-5,100	400	-6,700	-8,800	-14,200	-900	5,900	-1,764	-1,694	-15,999	257	126	1,814	-6,554	4,236	-3,423	-13,595	8,937	8,602	371	16,227	-5,610	-8,716	216	1,875	15,008	-5,744
Increase (decrease) in cash and cash equivalents
1,241,000	302,000	683,000	710,000	-211,000	-178,000	438,000	-698,000	-326,000	348,000	420,000	-151,000	-726,000	484,000	-134,000	160,000	-601,000	648,400	387,400	-182,100	-738,700	-607,600	625,200	56,400	-277,000	181,858	352,914	203,345	-95,217	245,338	274,494	-278,290	17,629	129,687	-11,821	-100,459	-247,470	223,892	277,391	-41,256	-19,988	108,004	132,549	101,809	23,502