Infosys Limited (INFY) · 24 Years of Financial statements

Income Statement

Revenue

121

203

414

545

754

1,063

1,592

2,152

3,090

4,176

4,663

4,804

6,041

6,994

7,398

8,249

8,711

9,501

10,208

10,939

11,799

12,780

13,561

16,311

COGS

44

99

214

290

417

602

904

1,244

1,777

2,453

2,699

2,749

3,497

4,118

4,637

5,292

5,374

5,950

6,446

7,001

7,687

8,552

8,828

10,996

Gross Profit

77

105

200

255

336

460

688

908

1,313

1,723

1,964

2,055

2,544

2,876

2,761

2,957

3,337

3,551

3,762

3,938

4,112

4,228

4,733

5,315

Gross Profit Ratio

63.72%

51.43%

48.38%

46.79%

44.63%

43.32%

43.22%

42.19%

42.49%

41.26%

42.12%

42.78%

42.11%

41.12%

37.32%

35.85%

38.31%

37.38%

36.85%

36.00%

34.85%

33.08%

34.90%

32.59%

Operating Expenses

54

44

63

76

118

167

232

309

461

572

590

595

765

863

850

978

1,079

1,176

1,187

1,268

1,381

1,480

1,383

1,536

R&D Expenses

- -

Selling, G&A Exp.

- -

590

595

765

863

755

978

1,079

1,176

1,020

1,116

1,220

1,302

1,223

1,391

General and Admin. Exp.

- -

351

344

433

497

382

547

599

654

485

564

582

638

599

1,306

Selling and Marketing Exp.

- -

239

251

332

366

373

431

480

522

535

552

638

664

624

85

Other Expenses

54

44

63

76

118

167

232

309

461

572

- -

95

- -

167

152

161

178

160

145

COGS and Expenses

98

143

276

367

535

769

1,136

1,553

2,238

3,025

3,289

3,344

4,262

4,981

5,487

6,270

6,453

7,126

7,633

8,269

9,068

10,032

10,211

12,532

Interest Income

- -

187

164

250

374

329

- -

430

385

380

366

293

264

217

221

Interest Expense

- -

24

26

27

Depreciation and Amortization

25

17

30

39

44

55

66

99

118

157

165

199

189

195

207

226

175

222

254

289

287

407

441

466

EBITDA

47

87

177

231

281

376

557

724

1,052

1,483

1,640

1,868

2,235

2,605

2,549

2,645

2,993

3,073

3,228

3,432

3,289

3,519

4,053

4,524

EBITDA ratio

39.17%

42.73%

42.68%

42.39%

37.26%

35.40%

34.99%

33.64%

34.05%

35.51%

35.17%

38.88%

37.00%

37.25%

34.46%

32.06%

34.36%

32.34%

31.62%

31.37%

27.88%

27.54%

29.89%

27.74%

Operating Income

23

60

138

179

219

293

456

599

852

1,151

1,374

1,460

1,779

2,013

1,909

1,979

2,258

2,375

2,520

2,659

2,696

2,724

3,325

3,779

Operating Income ratio

18.93%

29.74%

33.23%

32.76%

29.01%

27.59%

28.64%

27.83%

27.57%

27.56%

29.47%

30.39%

29.45%

28.78%

25.80%

23.99%

25.92%

25.00%

24.69%

24.31%

22.85%

21.31%

24.52%

23.17%

Total Other Income Exp.(Gains)

(1)

9

10

14

18

28

35

31

84

175

101

209

267

397

433

440

560

476

454

484

307

371

271

257

Income Before Tax

22

70

147

192

237

321

491

630

936

1,326

1,475

1,669

2,046

2,410

2,342

2,419

2,818

2,851

2,974

3,143

3,003

3,095

3,596

4,036

Income Before Tax ratio

18.43%

34.18%

35.52%

35.30%

31.40%

30.22%

30.84%

29.28%

30.29%

31.75%

31.63%

34.74%

33.87%

34.46%

31.66%

29.32%

32.35%

30.01%

29.13%

28.73%

25.45%

24.22%

26.52%

24.74%

Income Tax Expense (Gain)

5

8

15

28

42

51

72

70

84

171

194

356

547

694

617

668

805

799

834

657

803

757

973

1,068

Net Income

17

61

132

164

195

270

419

555

850

1,155

1,281

1,313

1,499

1,716

1,725

1,751

2,013

2,052

2,140

2,486

2,199

2,331

2,613

2,963

Net Income Ratio

14.38%

30.15%

31.88%

30.17%

25.85%

25.44%

26.32%

25.79%

27.51%

27.66%

27.47%

27.33%

24.81%

24.54%

23.32%

21.23%

23.11%

21.60%

20.96%

22.73%

18.64%

18.24%

19.27%

18.17%

EPS

0.00

0.01

0.03

0.04

0.05

0.06

0.10

0.13

0.19

0.25

0.28

0.29

0.33

0.38

0.44

0.45

0.47

0.55

0.51

0.55

0.62

0.70

EPS Diluted

0.00

0.01

0.03

0.04

0.05

0.06

0.10

0.12

0.19

0.25

0.28

0.29

0.33

0.38

0.44

0.45

0.47

0.55

0.51

0.55

0.61

0.70

Weighted Avg. Shares Outs.

3,712

4,202

4,209

4,196

4,197

4,204

4,270

4,345

4,432

4,549

4,557

4,564

4,569

4,571

4,511

4,347

4,258

4,242

Weighted Avg. Shares Outs. Dil.

3,712

4,215

4,270

4,229

4,255

4,275

4,377

4,464

4,529

4,563

4,565

4,569

4,571

4,573

4,515

4,353

4,265

4,251

SEC Link

Link

Balance Sheet

Cash and Cash Equivalents

- -

354

445

410

889

1,403

2,058

2,167

2,698

3,737

4,047

4,021

4,331

4,859

4,935

3,489

3,041

2,829

2,465

3,380

2,305

Short-Term Investments

- -

218

278

170

6

18

- -

855

47

68

320

510

140

11

1,538

982

958

34

320

924

Cash & Short-Term Investments

- -

354

662

688

1,059

1,409

2,076

2,167

3,553

3,784

4,115

4,341

4,841

4,999

4,946

5,027

4,023

3,787

2,499

3,700

3,229

Net Receivables

- -

129

174

335

409

639

944

872

965

1,322

1,524

1,945

2,077

2,325

2,591

2,884

2,982

3,363

3,479

3,669

4,865

Inventory

- -

19

- -

Other Current Assets

- -

25

36

37

41

50

109

81

143

206

306

219

262

227

265

371

668

494

1,215

938

771

Total Current Assets

- -

508

872

1,060

1,509

2,098

3,129

3,120

4,661

5,312

5,945

6,505

7,180

7,551

7,802

8,282

7,673

7,644

7,212

8,307

8,865

PP&E

- -

157

228

352

491

738

1,022

920

989

1,086

1,063

1,191

1,316

1,460

1,589

1,807

1,863

1,931

2,414

2,519

2,429

Goodwill

- -

128

150

135

183

185

195

364

360

495

568

563

339

512

699

- -

817

Intangible Assets

- -

6

10

8

20

25

7

12

11

34

68

57

102

149

120

38

100

7,696

- -

225

Goodwill and Intangible Assets

- -

6

10

8

148

175

142

195

196

229

432

417

597

717

683

377

612

8,395

- -

1,042

Investments

- -

5

- -

72

208

230

289

995

883

670

600

1,681

1,867

Tax Assets

- -

7

8

13

19

66

88

78

308

266

94

110

85

81

83

196

199

- -

160

Other Non-Current Assets

- -

26

15

26

45

70

100

106

225

103

34

245

291

692

900

1,004

1,263

1,196

(6,361)

2,318

1,192

Total Non-Current Assets

- -

196

260

394

557

975

1,363

1,256

1,487

1,698

1,592

2,034

2,342

3,064

3,576

4,572

4,582

4,608

5,048

6,518

6,690

Other Assets

- -

Total Assets

- -

704

1,132

1,454

2,066

3,073

4,492

4,376

6,148

7,010

7,537

8,539

9,522

10,615

11,378

12,854

12,255

12,252

12,260

14,825

15,555

Accounts Payable

- -

0

1

3

6

12

5

2

10

5

35

29

22

58

57

127

255

377

362

547

Short-Term Debt

- -

82

101

115

Tax Payable

- -

115

161

183

307

374

517

596

711

788

504

442

429

591

718

Deferred Revenue

- -

13

15

20

44

72

71

65

118

116

107

158

116

172

205

279

358

410

1,138

554

835

Other Current Liabilities

- -

49

136

154

162

277

488

352

429

507

518

591

862

1,030

1,024

1,037

1,175

1,586

731

1,656

2,218

Total Current Liabilities

- -

63

152

175

209

355

571

537

710

816

937

1,158

1,524

1,820

1,998

2,161

2,164

2,693

2,757

3,264

4,433

Long-Term Debt

- -

607

Deferred Revenue

- -

5

7

8

7

13

12

10

- -

9

Deferred Tax Liabilities

- -

7

26

- -

2

23

11

25

39

32

82

98

- -

153

Other Non-Current Liabilities

- -

15

27

26

5

1

11

48

51

72

17

22

47

- -

10

11

37

51

- -

1,059

359

Total Non-Current Liabilities

- -

15

27

26

5

1

11

55

77

72

24

50

65

33

56

131

159

- -

1,059

1,128

Other Liabilities

- -

802

- -

Capital Lease Obligations

- -

612

728

722

Total Liabilities

- -

78

179

201

214

356

582

592

787

888

961

1,208

1,589

1,853

2,054

2,217

2,295

2,852

3,559

4,323

5,561

Preferred Stock

- -

Common Stock

- -

9

31

64

109

199

190

339

332

- -

328

Retained Earnings

- -

525

748

923

1,387

1,871

2,817

3,618

4,611

5,294

6,509

7,666

8,892

10,090

11,083

12,190

11,587

11,248

11,608

- -

11,672

Other Compreh. Income(Loss)

- -

(34)

40

33

9

90

311

(474)

(641)

(730)

(712)

(775)

(922)

(1,027)

(1,125)

6

244

387

592

910

1,171

Other Total Stockhold. Equity

- -

127

157

266

410

692

718

576

1,327

1,494

715

376

(101)

(410)

(833)

(1,758)

(2,061)

(2,583)

(3,886)

9,532

(3,230)

Total Stockholders Equity

- -

626

954

1,253

1,837

2,717

3,910

3,784

5,361

6,122

6,576

7,331

7,933

8,762

9,324

10,637

9,960

9,391

8,646

10,442

9,941

Total Liab.&Stockhold. Equity

- -

704

1,132

1,454

2,051

3,073

4,492

4,376

6,148

7,010

7,537

8,539

9,522

10,615

11,378

12,854

12,255

12,243

12,205

14,765

15,502

Minority Interest

- -

Total Liabilities & Equity

- -

704

1,132

1,454

2,051

3,073

4,492

4,376

6,148

7,010

7,537

8,539

9,522

10,615

11,378

12,854

12,255

12,243

12,205

14,765

15,502

SEC Link

Link

Cash Flow Statement

Net Income

17

61

132

164

195

270

419

555

850

1,155

1,281

1,313

1,499

1,716

1,725

1,751

2,013

2,052

2,140

2,486

2,199

2,331

2,613

2,963

Depreciation and Amortization

25

17

30

39

44

55

66

99

118

157

165

199

189

195

207

226

175

222

254

289

287

407

441

466

Deferred Income Tax

(1)

(2)

1

(3)

(5)

(6)

(50)

- -

694

617

668

805

799

834

657

803

- -

973

1,068

Stock Based Compensation

- -

1

- -

13

29

- -

45

56

Change in Working Capital

(3)

(6)

(27)

(10)

(29)

45

(127)

(54)

(104)

(116)

(35)

(6)

(289)

(268)

(178)

6

(184)

(344)

(290)

(17)

(85)

(272)

86

(158)

Accounts Receivable

- -

(81)

41

(254)

(247)

(181)

(209)

(240)

(225)

(260)

(237)

(411)

(542)

(248)

- -

Inventory

- -

Accounts Payable

- -

(5)

23

5

(3)

37

(3)

51

131

(52)

(33)

200

Other Working Capital

- -

100

89

(18)

98

123

49

(27)

45

43

66

104

48

21

138

299

Other Non-Cash Items

(1)

(0)

3

(0)

3

2

(11)

4

3

(3)

(49)

(101)

(656)

(633)

(648)

(1,053)

(867)

(839)

(1,171)

(971)

(2,466)

(900)

(1,050)

Cash Provided by Operating Activities

38

71

138

191

211

373

344

599

862

1,149

1,409

1,457

1,298

1,681

1,738

2,003

1,756

1,862

2,099

2,257

2,262

- -

3,258

3,345

CAPEX

(16)

(36)

(97)

(68)

(43)

(93)

(186)

(246)

(339)

(374)

(285)

(143)

(285)

(320)

(384)

(451)

(367)

(413)

(411)

(310)

(349)

(465)

(285)

(290)

Acquisitions Net

- -

(10)

- -

(148)

(32)

(3)

(37)

- -

(41)

(213)

- -

(221)

(117)

(5)

(9)

(110)

(253)

(186)

(7)

Purchases of Investments

- -

(3)

(6)

(2)

(0)

(205)

(100)

(419)

(1,002)

(511)

(227)

(2,340)

(610)

(1,322)

(69)

(3,909)

(3,906)

(3,734)

(8,735)

(9,697)

(11,747)

(1,070)

(5,764)

(8,589)

Sales/Maturities of Investments

- -

51

523

1,164

500

243

1,571

1,414

1,276

3,783

3,545

4,258

3,800

6,625

10,447

11,940

- -

5,063

7,786

Other Investing Activities

(1)

(7)

(4)

(5)

(11)

4

(13)

(6)

(9)

(6)

(18)

19

(29)

(41)

(4,428)

(459)

(336)

(423)

(432)

(259)

41

1,546

(242)

(195)

Cash Used for Investing Activities

(17)

(46)

(107)

(76)

(54)

(305)

(248)

(148)

(334)

(423)

(290)

(930)

490

(429)

(927)

(823)

(205)

(474)

(2,547)

482

(225)

(242)

(1,129)

(1,005)

Debt Repayment

- -

(80)

(94)

(125)

Common Stock Issued

66

0

1

13

37

99

128

277

17

14

20

5

1

- -

Common Stock Repurchased

- -

(16)

- -

(2,042)

(118)

(1,070)

- -

(1,503)

Dividends Paid

(2)

(3)

(9)

(23)

(34)

(47)

(222)

(91)

(336)

(209)

(559)

(330)

(816)

(501)

(489)

(519)

(815)

(1,059)

(1,032)

(1,156)

(1,956)

- -

(1,226)

(1,703)

Other Financing Activities

1

(1)

- -

4

6

- -

(78)

- -

1

(1,363)

3

6

Cash Used/Provided by Financing Activities

65

(3)

(9)

(22)

(21)

(10)

(123)

37

(55)

(186)

(545)

(310)

(811)

(500)

(583)

(519)

(815)

(1,059)

(1,032)

(3,197)

(2,073)

(2,513)

(1,317)

(3,325)

Effect of Forex Changes on Cash

(2)

(5)

(15)

(7)

8

31

(8)

(9)

41

115

(465)

304

62

(442)

(254)

(351)

(208)

(253)

34

18

(184)

(220)

103

(90)

Net Change In Cash

84

18

7

86

144

90

(35)

479

514

655

109

521

1,039

310

(26)

310

528

76

(1,446)

(440)

(220)

(364)

915

(1,075)

Cash at the End of Period

99

117

124

210

354

445

410

889

1,403

2,058

2,167

2,698

3,737

4,047

4,021

4,331

4,859

4,935

3,489

3,049

2,829

- -

3,380

2,305

Cash at the Beginning of Period

15

99

117

124

210

354

445

410

889

1,403

2,058

2,177

2,698

3,737

4,047

4,021

4,331

4,859

4,935

3,489

3,049

- -

2,465

3,380

Free Cash Flow

22

35

41

123

168

280

158

353

523

775

1,124

1,314

1,013

1,361

1,354

1,552

1,389

1,449

1,688

1,947

1,913

- -

2,973

3,055

SEC Link

Link

Forex Rate

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