Income Statement HCL Technologies Limited

Equities

HCLTECH

INE860A01027

IT Services & Consulting

Market Closed - NSE India S.E. Other stock markets 07:43:57 2024-09-10 EDT			5-day change	1st Jan Change
1,779.10 ^INR	+1.85%		-1.52%	+21.35%

08-26	Xerox and HCLTech Extend Agreement to Drive Innovation with AI and Digital Engineering	CI
08-26	Indian Equities Gain on Monday After US Feds Chair Hints Loosening Monetary Policy	MT

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Published financial data: HCL TECHNOLOGIES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	9.94B	10.17B	11.48B	12.59B	13.27B
Total Revenues	9.94B	10.17B	11.48B	12.59B	13.27B
Cost of Goods Sold, Total	6.19B	6.09B	7.07B	8.01B	8.51B
Gross Profit	3.75B	4.08B	4.41B	4.58B	4.76B
Selling General & Admin Expenses, Total	1.22B	1.28B	1.45B	1.57B	1.64B
R&D Expenses	181M	189M	205M	203M	199M
Depreciation & Amortization - (IS)	399M	538M	580M	514M	503M
Other Operating Expenses, Total	1.8B	2.01B	2.24B	2.29B	2.34B
Operating Income	1.95B	2.07B	2.17B	2.29B	2.42B
Interest Expense, Total	-51.01M	-37.31M	-33M	-40M	-67M
Interest And Investment Income	63.04M	86.27M	78M	95M	153M
Net Interest Expenses	12.03M	48.96M	45M	55M	86M
Income (Loss) On Equity Invest.	53K	1.33M	2M	-	-
Currency Exchange Gains (Loss)	-1.86M	6.27M	44M	11M	-
Other Non Operating Income (Expenses)	1.89M	4.11M	-5M	4M	7M
EBT, Excl. Unusual Items	1.96B	2.13B	2.26B	2.36B	2.51B
Gain (Loss) On Sale Of Investments	13.5M	14.59M	12M	14M	19M
Gain (Loss) On Sale Of Assets	-58K	13.73M	2M	20M	1M
Other Unusual Items	-282K	-94K	-	21M	-
EBT, Incl. Unusual Items	1.97B	2.16B	2.27B	2.41B	2.53B
Income Tax Expense	413M	474M	460M	577M	634M
Earnings From Continuing Operations	1.56B	1.69B	1.81B	1.84B	1.9B
Net Income to Company	1.56B	1.69B	1.81B	1.84B	1.9B
Minority Interest	-4.44M	-7.57M	-3M	1M	-1M
Net Income - (IS)	1.55B	1.68B	1.81B	1.84B	1.9B
Net Income to Common Incl Extra Items	1.55B	1.68B	1.81B	1.84B	1.9B
Net Income to Common Excl. Extra Items	1.55B	1.68B	1.81B	1.84B	1.9B
Per Share Items
Net EPS - Basic	0.57	0.62	0.67	0.68	0.7
Basic EPS - Continuing Operations	0.57	0.62	0.67	0.68	0.7
Basic Weighted Average Shares Outstanding	2.71B	2.71B	2.71B	2.71B	2.71B
Net EPS - Diluted	0.57	0.62	0.67	0.68	0.7
Diluted EPS - Continuing Operations	0.57	0.62	0.67	0.68	0.7
Diluted Weighted Average Shares Outstanding	2.71B	2.71B	2.71B	2.71B	2.71B
Normalized Basic EPS	0.45	0.49	0.52	0.54	0.58
Normalized Diluted EPS	0.45	0.49	0.52	0.54	0.58
Dividend Per Share	0.09	0.14	0.42	0.58	0.62
Payout Ratio	14.69	26.18	64.42	87.86	89.61
Supplemental Items
EBITDA	2.34B	2.61B	2.66B	2.65B	2.76B
EBITA	2.15B	2.4B	2.46B	2.47B	2.58B
EBIT	1.95B	2.07B	2.17B	2.29B	2.42B
EBITDAR	2.46B	2.72B	-	2.66B	2.77B
Effective Tax Rate - (Ratio)	20.94	21.92	20.26	23.91	25.05
Current Domestic Taxes	264M	322M	-	-	-
Current Foreign Taxes	133M	188M	-	-	-
Total Current Taxes	398M	510M	462M	580M	558M
Deferred Domestic Taxes	34.37M	-12.42M	-	-	-
Deferred Foreign Taxes	-19.42M	-23.18M	-	-	-
Total Deferred Taxes	14.95M	-35.6M	-2M	-3M	76M
Normalized Net Income	1.22B	1.33B	1.41B	1.47B	1.57B
Interest on Long-Term Debt	1.14M	1.65M	24M	23M	18M
Non-Cash Pension Expense	5.84M	1.28B	6M	6M	6M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	181M	189M	255M	253M	247M
Net Rental Expense, Total	111M	106M	-	8M	8M
Imputed Operating Lease Interest Expense	54.37M	32.53M	-	3.61M	6.73M
Imputed Operating Lease Depreciation	56.37M	73.83M	-	4.39M	1.27M
Maintenance & Repair Expenses, Total	-	-	-	95M	94M
Stock-Based Comp., COGS (Total)	-	-	3M	9M	12M
Stock-Based Comp., SG&A Exp. (Total)	-	-	8M	29M	26M
Total Stock-Based Compensation	-	-	11M	38M	38M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	640M	891M	1.39B	1.1B	1.13B
Short Term Investments	955M	1.26B	780M	1.13B	1.7B
Trading Asset Securities, Total	-	-	324M	217M	426M
Total Cash And Short Term Investments	1.59B	2.15B	2.49B	2.45B	3.26B
Accounts Receivable, Total	2.51B	2.59B	2.9B	3.25B	3.17B
Other Receivables	170M	38.83M	81M	68M	19M
Notes Receivable	-	-	-	-	-
Total Receivables	2.68B	2.63B	2.98B	3.32B	3.19B
Inventory	12.08M	12.79M	21M	28M	22M
Prepaid Expenses	172M	193M	195M	200M	218M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	1.38M	1.52M	-	-	-
Other Current Assets, Total	615M	898M	657M	529M	426M
Total Current Assets	5.08B	5.89B	6.34B	6.52B	7.12B
Gross Property Plant And Equipment	2.1B	2.16B	2.01B	1.96B	2.1B
Accumulated Depreciation	-924M	-976M	-947M	-1.02B	-1.15B
Net Property Plant And Equipment	1.17B	1.18B	1.06B	943M	949M
Long-term Investments	10.17M	12.1M	15M	60M	11M
Goodwill	2.16B	2.37B	2.3B	2.26B	2.42B
Other Intangibles, Total	1.73B	1.62B	1.29B	1.02B	856M
Accounts Receivable Long-Term	290M	313M	242M	166M	75M
Deferred Tax Assets Long-Term	301M	326M	155M	152M	124M
Deferred Charges Long-Term	171M	191M	223M	189M	162M
Other Long-Term Assets, Total	87.12M	96.58M	127M	64M	260M
Total Assets	11B	11.99B	11.75B	11.37B	11.97B
Liabilities
Accounts Payable, Total	222M	320M	303M	307M	308M
Accrued Expenses, Total	1.01B	1.21B	631M	643M	730M
Short-term Borrowings	244M	61K	-	-	-
Current Portion of Long-Term Debt	52.8M	10.8M	8M	17M	13M
Current Portion of Leases	94.57M	94.48M	92M	106M	131M
Current Income Taxes Payable	142M	176M	178M	262M	277M
Unearned Revenue Current, Total	357M	421M	1B	995M	918M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	1.01B	140M	261M	278M	349M
Total Current Liabilities	3.13B	2.37B	2.48B	2.61B	2.73B
Long-Term Debt	376M	524M	518M	257M	267M
Long-Term Leases	288M	260M	219M	202M	281M
Unearned Revenue Non Current	49.25M	70.48M	87M	95M	126M
Pension & Other Post Retirement Benefits	-	-	187M	92M	107M
Deferred Tax Liability Non Current	11.59M	20.14M	15M	20M	93M
Other Non Current Liabilities	243M	256M	63M	135M	181M
Total Liabilities	4.1B	3.5B	3.57B	3.41B	3.78B
Common Stock, Total	93.79M	93.79M	72M	72M	72M
Additional Paid In Capital	412M	412M	1M	1M	1M
Retained Earnings	7.75B	8.97B	7.7B	7.76B	7.8B
Treasury Stock	-	-	-106M	-106M	-96M
Comprehensive Income and Other	-1.43B	-1.08B	503M	232M	406M
Total Common Equity	6.83B	8.4B	8.17B	7.96B	8.18B
Minority Interest	75.18M	89.24M	12M	-1M	1M
Total Equity	6.9B	8.49B	8.18B	7.96B	8.19B
Total Liabilities And Equity	11B	11.99B	11.75B	11.37B	11.97B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.71B	2.71B	2.71B	2.71B	2.71B
ECS Total Common Shares Outstanding	2.71B	2.71B	2.71B	2.71B	2.71B
Book Value / Share	2.52	3.1	3.02	2.94	3.02
Tangible Book Value	2.94B	4.42B	4.58B	4.69B	4.91B
Tangible Book Value Per Share	1.08	1.63	1.69	1.73	1.81
Total Debt	1.06B	889M	837M	582M	692M
Net Debt	-539M	-1.26B	-1.65B	-1.86B	-2.57B
Debt Equivalent of Unfunded Proj. Benefit Obligation	75.14M	117M	129M	115M	131M
Debt Equivalent Oper. Leases	886M	851M	-	64M	64M
Minority Interest, Total (Incl. Fin. Div)	75.18M	89.24M	12M	-1M	1M
Equity Method Investments, Total	5.02M	6.36M	1M	-	-
Account Code - Inventory Valuation	8	8	6	6	6
Inventories - Finished Goods, Total	12.08M	12.79M	-	-	-
Land - (BS)	11.83M	10.82M	11M	11M	11M
Buildings, Total	416M	445M	455M	422M	424M
Machinery, Total	1.05B	1.2B	1.22B	1.24B	1.3B
Full Time Employees	150K	169K	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	70.59M	65.1M	59M	57M	63M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	1.55B	1.68B	1.81B	1.84B	1.9B
Depreciation & Amortization - CF	194M	216M	285M	271M	278M
Amortization of Goodwill and Intangible Assets - (CF)	205M	322M	295M	181M	166M
Depreciation & Amortization, Total	399M	538M	580M	452M	444M
Amortization of Deferred Charges, Total - (CF)	-	-	-	62M	59M
(Gain) Loss From Sale Of Asset	58K	-13.73M	-2M	-20M	-1M
(Gain) Loss on Sale of Investments - (CF)	-17.69M	-15.31M	-14M	-14M	-19M
(Income) Loss On Equity Investments - (CF)	-53K	-1.33M	-	-	-
Stock-Based Compensation (CF)	-	-	11M	38M	38M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	28.05M	2.52M	3M	3M	14M
Other Operating Activities, Total	48.53M	-15.1M	-47M	31M	0
Change In Accounts Receivable	-495M	78.29M	-376M	-400M	30M
Change In Inventories	-	-	28M	-5M	8M
Change In Accounts Payable	-20.11M	79.75M	95M	-22M	-82M
Change in Other Net Operating Assets	246M	268M	180M	268M	324M
Cash from Operations	1.74B	2.6B	2.26B	2.23B	2.71B
Capital Expenditure	-263M	-262M	-221M	-206M	-127M
Sale of Property, Plant, and Equipment	4.33M	20.69M	12M	27M	4M
Cash Acquisitions	-879M	-166M	5M	-92M	-247M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-646M	-453M	336M	-279M	-534M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	199K	-	65M	57M	92M
Cash from Investing	-1.78B	-861M	197M	-493M	-812M
Short Term Debt Issued, Total	278M	110M	7M	11M	42M
Long-Term Debt Issued, Total	38.62M	506M	3M	4M	1M
Total Debt Issued	317M	615M	10M	15M	43M
Short Term Debt Repaid, Total	-131M	-363M	-7M	-11M	-42M
Long-Term Debt Repaid, Total	-55.75M	-460M	-154M	-349M	-162M
Total Debt Repaid	-187M	-824M	-161M	-360M	-204M
Issuance of Common Stock	15K	-	-	-	-
Repurchase of Common Stock	-	-	-108M	-	-
Common Dividends Paid	-228M	-440M	-1.16B	-1.61B	-1.7B
Common & Preferred Stock Dividends Paid	-228M	-440M	-1.16B	-1.61B	-1.7B
Special Dividend Paid	-	-	-364M	-	-
Other Financing Activities, Total	-45.89M	-869M	-159M	-14M	-8M
Cash from Financing	-144M	-1.52B	-1.95B	-1.97B	-1.87B
Foreign Exchange Rate Adjustments	-33.99M	26.82M	-21M	-48M	-2M
Net Change in Cash	-218M	251M	495M	-284M	29M
Supplemental Items
Cash Interest Paid	19.13M	18.77M	9M	10M	8M
Cash Income Tax Paid (Refund)	379M	478M	476M	482M	543M
Levered Free Cash Flow	1.81B	825M	1.71B	1.63B	2.2B
Unlevered Free Cash Flow	1.84B	848M	1.73B	1.66B	2.24B
Change In Net Working Capital	-486M	724M	-5M	117M	-316M
Net Debt Issued / Repaid	130M	-208M	-151M	-345M	-161M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	12.46	11.27	11.52	12.37	12.95
Return on Total Capital	16.57	14.94	14.96	16.29	17.35
Return On Equity %	23.95	21.94	22.07	22.75	23.5
Return on Common Equity	24.15	22.07	22.08	22.77	23.48
Margin Analysis
Gross Profit Margin %	37.72	40.1	38.39	36.37	35.88