For the quarter ending 2026-03-31, CTSH had -$1,130M decrease in cash & cash equivalents over the period. $198M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 662 | 648 | 274 | 645 |
| Depreciation and amortization expense | 141 | 140 | 135 | 139 |
| Deferred income taxes | 111 | -88 | 406 | -45 |
| Stock-based compensation expense | 46 | 44 | 47 | 48 |
| (gain) on sale of property and equipment | 0 | 0 | 0 | 0 |
| Other | 6 | 2 | -12 | 9 |
| Trade accounts receivable, current | 143 | 44 | 2 | 143 |
| Other current and noncurrent assets | 206 | 119 | -61 | 18 |
| Accounts payable | 25 | 33 | -6 | -38 |
| Deferred revenues, current and noncurrent | 76 | 119 | -54 | -80 |
| Other current and noncurrent liabilities | -432 | 127 | 354 | -101 |
| Net cash provided by operating activities | 274 | 858 | 1,227 | 398 |
| Purchases of property and equipment | 76 | 77 | 67 | 67 |
| Proceeds from sale of property and equipment | 0 | 0 | 0 | 0 |
| Purchases of available-for-sale investment securities | - | 0 | - | - |
| Proceeds from maturity of available-for-sale investment securities | - | 0 | - | - |
| Purchases of held-to-maturity investment securities | - | 0 | - | - |
| Proceeds from maturity of held-to-maturity investment securities | - | 0 | 0 | 0 |
| Purchases of other investments | - | 0 | 1 | 16 |
| Proceeds from maturity or sale of other investments | - | 2 | 2 | 1 |
| Payments for business combinations, net of cash acquired | 730 | 0 | 0 | 0 |
| Net cash (used in) investing activities | -806 | -75 | -66 | -82 |
| Issuance of common stock under stock-based compensation plans | 17 | 12 | 13 | 14 |
| Repurchases of common stock | 444 | 338 | 463 | 368 |
| Repayment of term loan borrowings and finance lease obligations | -45 | - | 26 | 30 |
| Repayment of term loan borrowings and earnout and finance leases obligations | - | 42 | - | - |
| Proceeds from borrowings under the revolving credit facility | - | 0 | 0 | - |
| Repayment of notes outstanding under the revolving credit facility | 0 | 0 | 0 | 0 |
| Dividends paid | 159 | 151 | 151 | 153 |
| Net cash (used in) financing activities | -597 | -487 | -612 | -516 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -1 | -3 | -4 | 16 |
| (decrease) in cash, cash equivalents and restricted cash | -1,130 | 293 | 545 | -184 |
| Cash, cash equivalents and restricted cash beginning of year | 2,634 | 2,341 | 1,796 | 1,980 |
| Cash and cash equivalents, end of period | 1,504 | 2,634 | 2,341 | 1,796 |
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)