Income Statement Kyndryl Holdings, Inc.

Equities

KD

US50155Q1004

IT Services & Consulting

Market Closed - Nyse Other stock markets 16:00:02 2025-01-21 EST			5-day change	1st Jan Change
39.13 ^USD	+2.27%		+4.29%	+13.09%

12-04	Kyndryl, Nokia Expand Data Center Networking Partnership	MT
12-04	Nokia, Kyndryl Expand Data Center Network Partnership Deal	MT

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Published financial data: KYNDRYL HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	19.35B	18.66B	18.32B	17.03B	16.05B
Total Revenues	19.35B	18.66B	18.32B	17.03B	16.05B
Cost of Goods Sold, Total	17.14B	16.57B	16.06B	14.5B	13.17B
Gross Profit	2.21B	2.09B	2.26B	2.53B	2.89B
Selling General & Admin Expenses, Total	3.82B	2.85B	2.82B	3B	2.77B
R&D Expenses	76M	-	-	-	-
Other Operating Expenses	-2M	4M	-	-	-
Other Operating Expenses, Total	3.89B	2.85B	2.82B	3B	2.77B
Operating Income	-1.68B	-767M	-563M	-473M	116M
Interest Expense, Total	-63M	-64M	-71M	-94M	-122M
Net Interest Expenses	-63M	-64M	-71M	-94M	-122M
Currency Exchange Gains (Loss)	-	4M	24M	-1M	-48M
Other Non Operating Income (Expenses)	1M	-626M	-422M	-18M	17M
EBT, Excl. Unusual Items	-1.74B	-1.45B	-1.03B	-586M	-37M
Restructuring Charges	-	-	-	-	-177M
Impairment of Goodwill	-	-469M	-469M	-	-
Other Unusual Items	-20M	-	-187M	-264M	46M
EBT, Incl. Unusual Items	-1.76B	-1.92B	-1.69B	-850M	-168M
Income Tax Expense	246M	397M	351M	524M	172M
Earnings From Continuing Operations	-2.01B	-2.32B	-2.04B	-1.37B	-340M
Net Income to Company	-2.01B	-2.32B	-2.04B	-1.37B	-340M
Net Income - (IS)	-2.01B	-2.32B	-2.04B	-1.37B	-340M
Net Income to Common Incl Extra Items	-2.01B	-2.32B	-2.04B	-1.37B	-340M
Net Income to Common Excl. Extra Items	-2.01B	-2.32B	-2.04B	-1.37B	-340M
Per Share Items
Net EPS - Basic	-	-10.35	-9.09	-6.06	-1.48
Basic EPS - Continuing Operations	-	-10.35	-9.09	-6.06	-1.48
Basic Weighted Average Shares Outstanding	-	224M	224M	227M	229M
Net EPS - Diluted	-	-10.35	-9.1	-6.06	-1.48
Diluted EPS - Continuing Operations	-	-10.35	-9.1	-6.06	-1.48
Diluted Weighted Average Shares Outstanding	-	224M	224M	227M	229M
Normalized Basic EPS	-	-4.05	-2.88	-1.62	-0.1
Normalized Diluted EPS	-	-4.05	-2.88	-1.62	-0.1
Supplemental Items
EBITDA	215M	570M	680M	473M	947M
EBITA	-1.65B	-730M	-526M	-427M	146M
EBIT	-1.68B	-767M	-563M	-473M	116M
EBITDAR	759M	999M	260M	1.01B	1.46B
Effective Tax Rate - (Ratio)	-13.94	-20.66	-20.79	-61.65	-102.38
Current Domestic Taxes	-	17M	-	2M	41M
Current Foreign Taxes	304M	785M	51M	236M	142M
Total Current Taxes	304M	802M	51M	238M	183M
Deferred Domestic Taxes	-	-78M	-53M	-23M	-9M
Deferred Foreign Taxes	-58M	-327M	42M	308M	-2M
Total Deferred Taxes	-58M	-405M	-11M	285M	-11M
Normalized Net Income	-1.09B	-908M	-645M	-366M	-23.12M
Interest on Long-Term Debt	63M	64M	-	94M	122M
Non-Cash Pension Expense	34M	42M	16M	40M	13M
Supplemental Operating Expense Items
Advertising Expense	34M	56M	54M	136M	115M
Selling and Marketing Expenses	34M	56M	54M	136M	115M
Research And Development Expense From Footnotes	76M	63M	23M	79M	58M
Net Rental Expense, Total	544M	429M	130M	540M	516M
Imputed Operating Lease Interest Expense	199M	73.31M	-	92.62M	120M
Imputed Operating Lease Depreciation	345M	356M	-	447M	396M
Stock-Based Comp., COGS (Total)	26M	28M	7M	21M	16M
Stock-Based Comp., R&D Exp. (Total)	1M	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	36M	44M	24M	92M	78M
Stock-Based Comp., Other (Total)	1M	-	56M	-	1M
Total Stock-Based Compensation	64M	72M	87M	113M	95M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	24M	2.22B	2.13B	1.85B	1.55B
Total Cash And Short Term Investments	24M	2.22B	2.13B	1.85B	1.55B
Accounts Receivable, Total	1.52B	2.34B	2.31B	1.55B	1.63B
Total Receivables	1.52B	2.34B	2.31B	1.55B	1.63B
Prepaid Expenses	85M	225M	475M	420M	452M
Restricted Cash	14M	17M	20M	12M	1M
Other Current Assets, Total	1.2B	971M	1.15B	1.13B	1.11B
Total Current Assets	2.84B	5.78B	6.09B	4.96B	4.75B
Gross Property Plant And Equipment	14.6B	12.54B	12.29B	10.98B	10.16B
Accumulated Depreciation	-9.48B	-8.26B	-8.15B	-7.24B	-6.63B
Net Property Plant And Equipment	5.12B	4.28B	4.15B	3.74B	3.54B
Goodwill	1.23B	732M	823M	812M	805M
Other Intangibles, Total	60M	36M	145M	171M	188M
Deferred Tax Assets Long-Term	424M	675M	555M	248M	220M
Deferred Charges Long-Term	1.44B	1.26B	1.24B	1.17B	920M
Other Long-Term Assets, Total	85M	444M	437M	361M	172M
Total Assets	11.2B	13.21B	13.44B	11.46B	10.59B
Liabilities
Accounts Payable, Total	919M	1.14B	1.56B	1.77B	1.41B
Accrued Expenses, Total	1.05B	1.48B	1.48B	1.5B	1.46B
Short-term Borrowings	-	29M	-	-	-
Current Portion of Long-Term Debt	-	-	96M	43M	31M
Current Portion of Leases	402M	436M	374M	383M	380M
Unearned Revenue Current, Total	854M	872M	882M	820M	825M
Other Current Liabilities	687M	585M	676M	344M	488M
Total Current Liabilities	3.91B	4.54B	5.06B	4.87B	4.59B
Long-Term Debt	-	2.98B	2.91B	2.94B	2.92B
Long-Term Leases	990M	1.15B	1.15B	882M	815M
Unearned Revenue Non Current	543M	475M	452M	362M	314M
Pension & Other Post Retirement Benefits	550M	856M	716M	504M	500M
Deferred Tax Liability Non Current	78M	135M	86M	98M	55M
Other Non Current Liabilities	203M	365M	363M	352M	276M
Total Liabilities	6.27B	10.51B	10.73B	10B	9.47B
Common Stock, Total	5.97B	4.22B	4.32B	4.43B	4.52B
Retained Earnings	-	-375M	-605M	-1.98B	-2.32B
Treasury Stock	-	-1M	-4M	-23M	-45M
Comprehensive Income and Other	-1.1B	-1.14B	-1.09B	-1.06B	-1.14B
Total Common Equity	4.87B	2.7B	2.62B	1.36B	1.02B
Minority Interest	58M	3M	94M	97M	107M
Total Equity	4.93B	2.7B	2.71B	1.46B	1.12B
Total Liabilities And Equity	11.2B	13.21B	13.44B	11.46B	10.59B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	225M	224M	228M	231M
ECS Total Common Shares Outstanding	-	224M	224M	228M	230M
Book Value / Share	-	12.04	11.66	5.99	4.41
Tangible Book Value	3.58B	1.93B	1.65B	382M	22M
Tangible Book Value Per Share	-	8.62	7.35	1.68	0.1
Total Debt	1.39B	4.6B	4.52B	4.24B	4.14B
Net Debt	1.37B	2.38B	2.39B	2.4B	2.59B
Debt Equivalent of Unfunded Proj. Benefit Obligation	548M	806M	641M	433M	422M
Debt Equivalent Oper. Leases	4.35B	3.43B	-	4.32B	4.13B
Minority Interest, Total (Incl. Fin. Div)	58M	3M	94M	97M	107M
Account Code - Inventory Valuation	3	3	-	3	3
Land - (BS)	149M	72M	71M	70M	70M
Buildings, Total	2.97B	2.87B	2.86B	2.66B	2.5B
Machinery, Total	10.35B	8.24B	8.05B	7.28B	6.73B
Full Time Employees	-	90K	-	90K	80K
Accumulated Allowance for Doubtful Accounts (Supple)	91M	44M	44M	32M	22M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-2.01B	-2.32B	-2.04B	-1.37B	-340M
Depreciation & Amortization - CF	1.87B	1.63B	1.54B	1.33B	1.12B
Amortization of Goodwill and Intangible Assets - (CF)	29M	37M	37M	46M	30M
Depreciation & Amortization, Total	1.9B	1.66B	1.58B	1.37B	1.15B
Amortization of Deferred Charges, Total - (CF)	2.06B	1.84B	1.81B	1.67B	1.82B
(Gain) Loss From Sale Of Asset	4M	11M	24M	6M	43M
Asset Writedown & Restructuring Costs	-	469M	469M	-	-
Stock-Based Compensation (CF)	64M	71M	87M	113M	95M
Other Operating Activities, Total	-54M	-403M	-432M	282M	-13M
Change In Accounts Receivable	387M	-1.08B	-969M	664M	11M
Change In Accounts Payable	70M	125M	608M	282M	-305M
Change In Income Taxes	-	989M	854M	90M	-2M
Change in Other Net Operating Assets	-1.79B	-1.49B	-1.59B	-2.33B	-2B
Cash from Operations	628M	-119M	398M	781M	454M
Capital Expenditure	-1.04B	-752M	-752M	-865M	-651M
Sale of Property, Plant, and Equipment	84M	194M	109M	23M	138M
Other Investing Activities, Total	-1M	-14M	-54M	7M	-40M
Cash from Investing	-953M	-572M	-697M	-835M	-553M
Long-Term Debt Issued, Total	-	3.04B	-	-	494M
Total Debt Issued	-	3.04B	3.04B	-	494M
Long-Term Debt Repaid, Total	-66M	-91M	-28M	-118M	-644M
Total Debt Repaid	-66M	-91M	-99M	-118M	-644M
Repurchase of Common Stock	-	-1M	-4M	-19M	-22M
Other Financing Activities, Total	378M	-31M	-503M	-4M	2M
Cash from Financing	312M	2.92B	2.43B	-141M	-170M
Foreign Exchange Rate Adjustments	1M	-22M	-26M	-100M	-37M
Miscellaneous Cash Flow Adjustments	-1M	-	-	1M	-
Net Change in Cash	-13M	2.2B	2.1B	-294M	-306M
Supplemental Items
Cash Interest Paid	-	2M	5M	98M	118M
Cash Income Tax Paid (Refund)	-	12M	59M	167M	191M
Levered Free Cash Flow	2.66B	2.14B	-	2.63B	2.07B
Unlevered Free Cash Flow	2.7B	2.18B	-	2.69B	2.14B
Change In Net Working Capital	-766M	164M	-	-696M	342M
Net Debt Issued / Repaid	-66M	2.95B	2.94B	-118M	-150M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	-9.17	-3.93	-	-2.37	0.66
Return on Total Capital	-15.43	-7.04	-	-4.57	1.32
Return On Equity %	-36.97	-60.75	-	-65.84	-26.32
Return on Common Equity	-37.36	-61.24	-	-68.99	-28.57
Margin Analysis
Gross Profit Margin %	11.41	11.19	12.34	14.85	17.98
SG&A Margin	19.73	15.28	15.42	17.63	17.26
EBITDA Margin %	1.11	3.06	3.71	2.78	5.9
EBITA Margin %	-8.55	-3.91	-2.87	-2.51	0.91
EBIT Margin %	-8.7	-4.11	-3.07	-2.78	0.72
Income From Continuing Operations Margin %	-10.39	-12.43	-11.13	-8.07	-2.12
Net Income Margin %	-10.39	-12.43	-11.13	-8.07	-2.12
Net Avail. For Common Margin %	-10.39	-12.43	-11.13	-8.07	-2.12
Normalized Net Income Margin	-5.64	-4.87	-3.52	-2.15	-0.14
Levered Free Cash Flow Margin	13.75	11.48	-	15.47	12.88
Unlevered Free Cash Flow Margin	13.96	11.69	-	15.82	13.36
Asset Turnover
Asset Turnover	1.69	1.53	-	1.37	1.46
Fixed Assets Turnover	3.7	3.97	-	4.32	4.41
Receivables Turnover (Average Receivables)	11.46	9.67	-	8.81	10.09
Short Term Liquidity
Current Ratio	0.73	1.27	1.2	1.02	1.03
Quick Ratio	0.39	1	0.88	0.7	0.69
Operating Cash Flow to Current Liabilities	0.16	-0.03	0.08	0.16	0.1
Days Sales Outstanding (Average Receivables)	31.94	37.73	-	41.43	36.28
Average Days Payable Outstanding	18.63	22.68	-	41.9	44.23
Long Term Solvency
Total Debt/Equity	28.23	170.18	166.85	290.29	369.43
Total Debt / Total Capital	22.01	62.99	62.53	74.38	78.7
LT Debt/Equity	20.08	152.98	149.52	261.15	332.8
Long-Term Debt / Total Capital	15.66	56.62	56.03	66.91	70.89
Total Liabilities / Total Assets	55.99	79.54	79.82	87.25	89.4
EBIT / Interest Expense	-26.71	-11.98	-7.93	-5.03	0.95
EBITDA / Interest Expense	12.05	15.61	9.58	10.78	11.99
(EBITDA - Capex) / Interest Expense	-4.4	3.86	-1.01	1.57	6.66
Total Debt / EBITDA	1.83	4.6	6.65	4.19	2.83
Net Debt / EBITDA	1.8	2.38	3.52	2.37	1.77
Total Debt / (EBITDA - Capex)	-5.03	18.62	-62.85	28.68	5.1
Net Debt / (EBITDA - Capex)	-4.94	9.62	-33.21	16.2	3.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.57	-3.59	-	-7.05	-5.72
Gross Profit, 1 Yr. Growth %	-14.94	-5.52	-	11.81	11.04
EBITDA, 1 Yr. Growth %	-84.9	-366.36	-	-30.44	57.83
EBITA, 1 Yr. Growth %	248.95	-56	-	-18.82	-148.67
EBIT, 1 Yr. Growth %	234.59	-54.56	-	-15.99	-133.53
Earnings From Cont. Operations, 1 Yr. Growth %	113.26	15.32	-	-32.61	-75.25
Net Income, 1 Yr. Growth %	113.26	15.32	-	-32.61	-75.25
Normalized Net Income, 1 Yr. Growth %	201.38	-17.68	-	-43.22	-91.49
Diluted EPS Before Extra, 1 Yr. Growth %	-	15.34	-	-33.39	-75.52
Accounts Receivable, 1 Yr. Growth %	-18.58	54.42	-	-32.83	4.89
Net Property, Plant and Equip., 1 Yr. Growth %	-4.14	-16.36	-	-9.72	-5.48
Total Assets, 1 Yr. Growth %	-4.59	17.92	-	-14.72	-7.62
Tangible Book Value, 1 Yr. Growth %	-22.83	-46.08	-	-76.85	-94.24
Common Equity, 1 Yr. Growth %	-17.29	-44.59	-	-47.86	-25.64
Cash From Operations, 1 Yr. Growth %	-44.62	-118.95	-	96.23	-41.87
Capital Expenditures, 1 Yr. Growth %	-12.94	-27.41	-	15.03	-24.74
Levered Free Cash Flow, 1 Yr. Growth %	-	-19.48	-	-	-23.79
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-19.17	-	-	-22.66
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-5.77	-4.08	-	-	-6.39
Gross Profit, 2 Yr. CAGR %	-7.07	-10.36	-	-	12.98
EBITDA, 2 Yr. CAGR %	-53.18	-23.54	-	-	15.98
EBITA, 2 Yr. CAGR %	79.21	21.56	-	-	-46.07
EBIT, 2 Yr. CAGR %	75.89	21.1	-	-	-53.61
Earnings From Cont. Operations, 2 Yr. CAGR %	43.25	56.82	-	-	-59.17
Net Income, 2 Yr. CAGR %	43.25	56.82	-	-	-59.17
Normalized Net Income, 2 Yr. CAGR %	66.43	58.41	-	-	-81.07
Diluted EPS Before Extra, 2 Yr. CAGR %	-	56.79	-	-	-59.62
Accounts Receivable, 2 Yr. CAGR %	-	12.13	-	-	-16.06
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-10.46	-	-	-7.62
Total Assets, 2 Yr. CAGR %	-	6.07	-	-	-11.24
Tangible Book Value, 2 Yr. CAGR %	-	-35.49	-	-	-88.45
Common Equity, 2 Yr. CAGR %	-	-32.31	-	-	-37.73
Cash From Operations, 2 Yr. CAGR %	-3.47	-67.61	-	-	6.8
Capital Expenditures, 2 Yr. CAGR %	-18.59	-20.51	-	-	-6.96
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-5.05	-	-	-
Gross Profit, 3 Yr. CAGR %