Cognizant Technology Solutions Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.23B | $2.24B | $2.13B | $2.29B | $2.14B | $1.39B | $1.84B | $2.10B |
| Depreciation & Amortization | $550.0M | $542.0M | $555.0M | $569.0M | $574.0M | $559.0M | $526.0M | $498.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $218.0M | $188.0M | $165.0M | $184.0M | $182.0M | $152.0M | $162.0M | $151.0M |
| Stock-Based Compensation | $181.0M | $175.0M | $176.0M | $261.0M | $246.0M | $232.0M | $217.0M | $267.0M |
| Net Cash from Operating Activities | $2.88B | $2.12B | $2.33B | $2.57B | $2.50B | $3.30B | $2.50B | $2.59B |
| Investing Activities | ||||||||
| Capital Expenditures | $288.0M | $297.0M | $317.0M | $332.0M | $279.0M | $398.0M | $392.0M | $377.0M |
| Business Acquisitions | $0 | $1.62B | $409.0M | $367.0M | $970.0M | $1.12B | $617.0M | $1.11B |
| Net Cash from Investing Activities | $-230.0M | $-1.65B | $-331.0M | $-106.0M | $-2.16B | $-1.24B | $1.59B | $-1.63B |
| Financing Activities | ||||||||
| Dividends Paid | $610.0M | $600.0M | $591.0M | $564.0M | $509.0M | $480.0M | $453.0M | $468.0M |
| Stock Repurchases | $1.38B | $605.0M | $1.06B | $1.42B | $771.0M | $1.62B | $2.25B | $1.26B |
| Net Cash from Financing Activities | $-2.27B | $-915.0M | $-1.61B | $-1.94B | $-1.20B | $-2.01B | $-2.57B | $-1.69B |
| Net Change in Cash | $403.0M | $-486.0M | $423.0M | $502.0M | $-888.0M | $35.0M | $1.48B | $-764.0M |
| Free Cash Flow | $2.60B | $1.83B | $2.01B | $2.24B | $2.22B | $2.90B | $2.11B | $2.22B |