For the year ending 2025-12-31, CTSH had $403M increase in cash & cash equivalents over the period. $2,595M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,230 | 2,240 | 2,126 | 2,290 |
| Depreciation and amortization | 550 | 542 | 555 | 569 |
| Deferred income taxes | 327 | -355 | -339 | -273 |
| Stock-based compensation expense | 181 | 175 | 176 | 261 |
| Gain on sale of property and equipment | 62 | - | - | - |
| Other, net | 5 | -32 | -1 | -45 |
| Trade accounts receivable | 366 | 49 | 43 | 238 |
| Other current and noncurrent assets | 118 | 386 | -123 | -343 |
| Accounts payable | -2 | -23 | -23 | -11 |
| Deferred revenue, current and noncurrent | 55 | 44 | -4 | -26 |
| Other current and noncurrent liabilities | 93 | -96 | -242 | -392 |
| Net cash provided by operating activities | 2,883 | 2,124 | 2,330 | 2,568 |
| Purchases of property and equipment | 288 | 297 | 317 | 332 |
| Proceeds from sale of property and equipment | 70 | - | - | - |
| Purchases of available-for-sale investment securities | 0 | 0 | 59 | 1,227 |
| Proceeds from maturity of available-for-sale investment securities | 0 | 0 | 285 | 1,315 |
| Purchases of held-to-maturity investment securities | 0 | 0 | 3 | 44 |
| Proceeds from maturity of held-to-maturity investment securities | 0 | 3 | 24 | 54 |
| Purchases of other investments | 17 | 2 | 379 | 546 |
| Proceeds from maturity or sale of other investments | 5 | 265 | 527 | 1,013 |
| Proceeds from sales of businesses | - | 0 | 0 | 28 |
| Payments for business combinations, net of cash acquired | 0 | 1,615 | 409 | 367 |
| Net cash (used in) investing activities | -230 | -1,646 | -331 | -106 |
| Issuance of common stock under stock-based compensation plans | 58 | 63 | 71 | 86 |
| Repurchases of common stock | 1,378 | 605 | 1,064 | 1,422 |
| Repayment of term loan borrowings and earnout and finance leases obligations | 42 | 73 | 25 | 686 |
| Proceeds from debt refinancing | - | 0 | 0 | 650 |
| Debt issuance costs | - | 0 | 0 | 3 |
| Proceeds from borrowings under the revolving credit facility | 0 | 600 | - | 0 |
| Repayments of long-term lines of credit | 300 | 300 | - | 0 |
| Dividends paid | 610 | 600 | 591 | 564 |
| Net cash (used in) financing activities | -2,272 | -915 | -1,609 | -1,939 |
| Effect of exchange rate on cash, cash equivalent, restricted cash, and restricted cash equivalent, continuing operation | 22 | -49 | 33 | -21 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, period increase (decrease), including exchange rate effect, total | 403 | -486 | 423 | 502 |
| Cash and cash equivalents at beginning of period | 2,231 | 2,717 | 2,294 | 1,792 |
| Cash and cash equivalents at end of period | 2,634 | 2,231 | 2,717 | 2,294 |
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)