DXC Technology Co

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent ($100.0m) $1.8b $1.3b ($5.4b) ($149.0m) $718.0m ($568.0m) $91.0m $389.0m $18.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $1.8b $1.3b ($5.4b) ($146.0m) $736.0m ($566.0m) $86.0m $396.0m $28.0m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $1.8b $1.2b ($5.4b) ($149.0m) $718.0m ($568.0m) $91.0m $389.0m $18.0m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $1.8b $1.2b ($5.4b) ($146.0m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $35.0m $0 $0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 $35.0m $0 $0
Net Income (Loss) Attributable to Noncontrolling Interest $31.0m $5.0m $11.0m $3.0m $18.0m $2.0m ($5.0m) $7.0m $10.0m
Depreciation, Depletion and Amortization $658.0m $2.0b $2.0b $2.0b $2.0b $1.7b $1.6b $1.4b $1.3b $1.2b
Amortization of Debt Issuance Costs and Discounts ($4.0m) ($10.0m) ($4.0m) $3.0m $0 $4.0m $5.0m $5.0m $5.0m
Amortization of Intangible Assets $1.2b $1.1b $1.3b $1.2b $1.1b $1.0b $971.0m $936.0m $866.0m
Depreciation $658.0m $779.0m $820.0m $643.0m $754.0m $625.0m $519.0m $433.0m $351.0m $294.0m
Amortization of debt issuance costs and discount $17.0m ($4.0m) ($10.0m) ($4.0m) $3.0m $0 $4.0m $5.0m $5.0m $5.0m
Amortization of offering cost of warrants $0 $12.6m $0 $1.5m $0
Amortization of right of use assets $0 $0 $1.4m $1.9m $3.1m $3.3m $1.6m $4.6m
Deferred Income Tax Expense (Benefit) ($842.0m) $97.0m ($56.0m) ($403.0m) $255.0m ($609.0m) $26.0m
Deferred taxes ($92.0m) ($842.0m) $97.0m ($56.0m) ($403.0m) $255.0m ($609.0m) ($416.0m) ($35.0m) $26.0m
Deferred tax provision $0 $0
Share-based Payment Arrangement, Noncash Expense $93.0m $74.0m $68.0m $56.0m $101.0m $108.0m $109.0m $79.0m $86.0m
Payment, Tax Withholding, Share-based Payment Arrangement $76.0m $54.0m $16.0m $7.0m $18.0m $17.0m $35.0m $20.0m $14.0m
Share-based Payment Arrangement, Expense $93.0m $74.0m $68.0m $56.0m $101.0m $108.0m $109.0m $79.0m $86.0m
Goodwill, Impairment Loss $0 $0 $6.8b $0 $0 $14.0m
Impairment of Intangible Assets (Excluding Goodwill) $0 $0 $0 $0 $0 $0
Goodwill impairment losses $0 $0 $6.8b $0 $0 $0 $0 $14.0m
Share-based compensation $75.0m $93.0m $74.0m $68.0m $56.0m $101.0m $108.0m $109.0m $79.0m $86.0m
Impairment losses and contract write-offs $8.0m $41.0m $0 $30.0m $275.0m $51.0m $47.0m $18.0m $32.0m $7.0m
Impairment loss on goodwill and intangible assets $0 $2.3m $10.0m $0 $0
Impairment loss of investment in unconsolidated entity $0 $4.0m $0
Gain (Loss) on Extinguishment of Debt $0 ($41.0m) ($311.0m) $0 $0
Gain (Loss) on Disposition of Assets $90.0m $40.0m ($23.0m) $1.0m
Gain (Loss) on Disposition of Business $2.0b $371.0m $190.0m $79.0m $7.0m $0
Gain (Loss) on Disposition of Property Plant Equipment ($36k) ($4.0m) $163.0m ($1.0m) $2.0b $421.0m $260.0m $131.0m ($24.0m) ($3.0m)
Income Tax Expense (Benefit) ($111.0m) $288.0m $130.0m $800.0m $405.0m ($319.0m) $23.0m $234.0m $290.0m
Loss (gain) on dispositions $6.0m $4.0m ($163.0m) $1.0m ($2.0b) ($421.0m) ($260.0m) ($131.0m) $24.0m $3.0m
Decrease in operating lease liability $0 $0 ($698.0m) ($616.0m) ($484.0m) ($404.0m) ($353.0m) ($309.0m) ($305.0m)
Right-of-use assets obtained in exchange for operating lease obligations $0 $0 $1.2m $7.2m $938k $75k $8.3m
Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement $0 $0 $62k $61k $1.9m
Interest expenses related to convertible notes $0 $0 $430k $0
Operating lease liabilities $0 $0 ($1.4m) ($2.8m)
Reversal of interest expense $0 $0 ($81k)
Noncash investing and financing activities:
Additional Financial Items
Accounts Receivable, Credit Loss Expense (Reversal) $45.0m $19.0m $23.0m $53.0m $5.0m ($1.0m) $0 $12.0m $9.0m
Proceeds from Stock Options Exercised $98.0m $34.0m $9.0m $1.0m $12.0m $1.0m $0
Purchases of property and equipment, accrued but unpaid $224.0m $297.0m $350.0m $261.0m $254.0m $267.0m $182.0m $248.0m $212.0m
Foreign Currency Transaction Gain (Loss), before Tax $71.0m ($31.0m) $25.0m ($14.0m) ($13.0m) $15.0m $7.0m $4.0m $2.0m
Foreign Currency Transaction Gain (Loss), Unrealized ($22.0m) ($30.0m) ($24.0m) $36.0m $12.0m ($8.0m) $7.0m ($40.0m) $14.0m
Gain (Loss) Related to Litigation Settlement $632.0m $0 $0 ($29.0m) $0 $0
Goodwill $9.7b $7.6b $2.0b $641.0m $617.0m $539.0m $532.0m $526.0m $527.0m
Operating Expenses $22.9b $19.2b
Provision for Loan, Lease, and Other Losses $45.0m ($10.0m) $3.0m $53.0m $5.0m ($1.0m) $0
Realized Investment Gains (Losses) $11.0m $155.0m $37.0m $22.0m $28.0m ($9.0m) $35.0m $3.0m ($6.0m)
Operating right-of-use expense $0 $0 $698.0m $616.0m $484.0m $404.0m $353.0m $309.0m $305.0m
Pension & other post-employment benefits, actuarial & settlement losses (gains) $87.0m ($220.0m) $143.0m ($244.0m) $519.0m ($684.0m) $1.4b $445.0m ($232.0m) $169.0m
Provision for losses on accounts receivable $4.0m $45.0m ($10.0m) $3.0m $53.0m $5.0m ($1.0m) $0 $12.0m $9.0m
Unrealized foreign currency exchange (gains) losses $24.0m $22.0m $30.0m $24.0m ($36.0m) ($12.0m) $8.0m ($7.0m) $40.0m ($14.0m)
Cash surrender value in excess of premiums paid ($7.0m) ($11.0m) ($11.0m) ($12.0m) ($3.0m) ($24.0m) ($17.0m) ($14.0m) ($12.0m) ($16.0m)
Other non-cash charges, net $0 $4.0m $11.0m $0 $1.0m $15.0m $4.0m $9.0m $7.0m $2.0m
Decrease in receivables $586.0m $202.0m ($947.0m) $269.0m $257.0m $228.0m $412.0m $176.0m $320.0m $294.0m
(Increase) decrease in prepaid expenses and other current assets ($29.0m) ($205.0m) ($632.0m) ($229.0m) ($299.0m) ($48.0m) ($119.0m) $211.0m ($81.0m) ($164.0m)
Decrease in accounts payable and accruals $54.0m ($96.0m) ($52.0m) ($565.0m) ($527.0m) ($714.0m) ($424.0m) ($278.0m) ($335.0m) ($275.0m)
(Decrease) increase in income taxes payable and income tax liability ($32.0m) $303.0m ($107.0m) ($197.0m) $434.0m ($315.0m) ($161.0m) $13.0m ($57.0m) ($19.0m)
Decrease in advance contract payments and deferred revenue ($67.0m) $130.0m ($74.0m) ($146.0m) ($66.0m) $270.0m $11.0m ($290.0m) ($78.0m) ($95.0m)
Other operating activities, net $38.0m ($38.0m) $149.0m $12.0m ($40.0m) $5.0m ($4.0m) ($8.0m) $0 $6.0m
Payments for transition and transformation contract costs ($101.0m) ($328.0m) ($394.0m) ($281.0m) ($261.0m) ($209.0m) ($223.0m) ($198.0m) ($135.0m) ($106.0m)
Software purchased and developed ($140.0m) ($211.0m) ($261.0m) ($235.0m) ($254.0m) ($295.0m) ($188.0m) ($225.0m) ($328.0m) ($217.0m)
Business dispositions $3.0m $0 ($65.0m) $0 $4.9b $533.0m ($147.0m) $26.0m $26.0m $0
Proceeds from sale of assets $57.0m $58.0m $357.0m $73.0m $164.0m $100.0m $171.0m $75.0m $161.0m $35.0m
Borrowings of commercial paper $2.2b $2.4b $2.7b $4.9b $1.5b $1.1b $1.5b $1.8b $367.0m $0
Repayments of commercial paper ($2.1b) ($2.3b) ($2.8b) ($5.1b) ($1.9b) ($905.0m) ($1.8b) ($1.9b) ($369.0m) $0
Payments on finance leases and borrowings for asset financing ($1.1b) ($944.0m) ($865.0m) ($930.0m) ($990.0m) ($511.0m) ($430.0m) ($298.0m) ($188.0m)
Proceeds from bond issuance $0 $989.0m $753.0m $0 $993.0m $2.9b $0 $0 $0 $742.0m
(Gain) loss in fair value changes of warrants liability $0 $0 ($35.4m) ($174.5m) ($6.1m) $934k ($6k)
Allowance (reversal) for slow moving inventories $0 $65k $65k $57k $655k $266k $485k $887k ($1.3m)
Restricted shares issued for management and employees ($15.5m) $21.3m $7.9m $6.1m $39.3m $26.2m $22.4m $10.3m
Restricted shares issued for services $8.4m $3.1m $846k $34k $0 $8.9m $5.8m $1.1m
Accrued interest income from loans to third parties $0 $0 ($271k) ($8.0m) ($7.0m) ($5.3m)
Accrued interest income from short-term investment $0 $0 ($2.9m) ($885k) ($17k)
Notes receivable ($1.5m) $2.1m $922k ($1.1m) ($2.1m) ($4.5m) $7.1m $2.4m $1.3m
Accounts receivable ($245k) $12.0m ($40.5m) $18.4m $18.3m $3.8m ($496k) ($12.2m) $1.7m
Inventories $3.6m ($5.0m) ($1.2m) ($1.1m) ($2.5m) ($689k) ($2.4m) $5.6m $267k
Other receivables $4.6m ($1.7m) ($929k) ($287k) ($338k) $286k ($1.3m) $32k ($531k)
Other receivables-related parties $0 $0 ($64k) ($276k) $208k
Purchase advances ($10.5m) ($297k) $5.8m $1.2m ($899k) $865k ($2.6m) ($2.4m) ($5.1m)
Contract costs ($127k) $7.6m ($26.9m) ($21.9m) $15.4m ($14.2m) ($4.4m) ($364k)
Prepaid expense ($718k) $319k $317k ($5k) $143k ($274k) $70k ($51k) $12k
Prepaid expense - related parties ($218k) $218k ($433k) $158k $275k $0
Accounts payable $812k ($2.7m) ($400k) $8.2m ($2.1m) ($5.5m) ($1.7m) ($604k) $1.9m
Other payables ($189k) ($180k) ($862k) ($14k) $5.7m ($6.3m) $2.3m ($3.0m) $3.4m
Other payables-related parties ($921k) $2.2m ($2.6m) $969k $352k ($293k) $628k
Contract liabilities $3.4m $4.2m ($5.6m) $641k ($928k) $2.9m
Accrued payroll and employees' welfare $1.6m $141k $784k $533k ($1.6m) $296k $132k $855k ($25k)
Taxes payable ($79k) ($269k) $1.7m ($1.1m) $76k $962k ($1.0m) ($172k) ($198k)
Purchase of land use right $0 $0 ($15.0m)
Repayments of loans to third parties $14.2m $435k $1.0m $11.2m $5.2m $171.4m $40.1m $117.5m $100.5m
Payments made for loans to third parties ($1.1m) ($2.0m) ($4.0m) ($9.5m) ($51.6m) ($171.1m) ($103.1m) ($196.4m) ($140.5m)
Payments and prepayments for construction in progress $0 ($9.2m) ($4.6m) ($3.8m) $0 $0 $0 ($219k) ($8.9m)
Payments for short-term investments $0 $0 ($290.1m) ($203.5m) ($3.6m)
Redemption of short-term investments $0 $0 $108.8m $300.9m $87.2m
Proceeds from short-term bank loans $0 $45k $2.5m $9.5m $16.0m $10.0m $13.5m $11.6m $10.5m
Repayments of short-term bank loans $0 ($45k) $0 ($2.5m) ($10.5m) ($15.0m) ($11.0m) ($11.6m) ($11.3m)
Repayments of short-term borrowings ($1.3m) ($4.9m) $0 ($1.0m) ($3.4m) ($530k) $0 $0
Proceeds from short-term borrowings-related parties $5.0m $17.4m $18.4m $11.1m $15.0m $10.0m
Repayments of short-term borrowings-related parties ($5.0m) ($16.2m) ($15.9m) ($14.8m) ($9.0m) ($10.0m)
Proceeds from warrants issued with ordinary shares $17.5m $0
Proceeds from sale of ordinary shares, net of issuance costs $0 $65.0m $0 $26.1m $81.1m $0 $28.2m $77.7m ($2.5m)
Proceeds from sale of prefunded warrants, net of issuance costs $0 $0 $30.3m $93k $3.8m $0
Redemption of warrants $0 $0 ($32.6m) $0
Capital contribution by controlling shareholders $0 $0 $100k
Cash $4.5m $30.3m $344.0m $104.1m $110.0m $98.9m
Inventories transferred to and used as fixed assets $0 $0 $0 $410k $303k $0 ($65k) $0
Payable for construction in progress $0 $3.1m $5.7m $733k $0 $0 $0 $7.3m
Capital contribution receivable due from non-controlling Interest $0 $0 $50.0m $0 $0 $0 $724k
Income from investment in unconsolidated entity $0 $0 $960k ($463k) $267k ($15k) $0 $0
Cancellation of shares issued to Starry Lab $0 $0 ($27.7m) $0
Other payable due to non-controlling interest converted into capital contribution $0 $0 $1.1m $0
Remeasurement gain of previously held equity interests in connection with step acquisition $0 $0 ($979k) $0
Accounts receivable-related party ($3.4m) $0 $3.4m $0
Step acquisition of FGS, net of cash $0 $0 $472k $0
Proceeds from short-term borrowings $1.1m $4.6m $1.1m $200k $3.7m $0
Proceeds from long-term borrowings-related party $0 $10.0m $0 $0 $0
Proceeds from stock issuance for warrants exercised $0 $0 $21.1m $0
Proceeds from issuance of convertible notes $0 $0 $42.0m $0
Capital contribution by non-controlling shareholders $0 $3.7m $850k $405k $50k $0 $0
Conversion of convertible notes to 9,225,338 shares of ordinary shares $0 $0 $42.4m $0
Payable for issuance cost of common share $0 $0 $375k $0
Advance from customers $28k ($38k) $3.4m $4.2m
Accrued expenses $0 $0 $9k ($984k)
Investment in unconsolidated entity $0 ($4.0m) ($4.2m) $0
Refund of capital contribution by a non-controlling shareholder $0 $0 ($200k) $0
Cash at beginning of year $1.8m $45.3m $45.3m $4.5m $30.3m
Cash received during the period for taxes $284k ($23k) $2k $282k ($98k)
Investment payable in exchange of interest of FGS $0 $0 $6.4m $0
Payments for land use right $0 ($1.4m) $0
Shares issued to settle salary payable $0 $1.6m $0
Restricted shares issued for management $12.9m $14.6m $11.6m
AR and short-term borrowings-related parties offset $0 $0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment ($519.0m) $20.0m ($361.0m) $2.0m $0 $10.0m
Gain (Loss) on Derivative Instruments, Net, Pretax $25.0m $7.0m ($43.0m)
Other Operating Income (Expense), Net $82.0m $306.0m $720.0m ($102.0m) $1.1b ($1.1b) ($218.0m) $376.0m ($1.0m)
Net Cash Provided by (Used in) Operating Activities $978.0m $3.2b $1.8b $2.4b $124.0m $1.5b $1.4b $1.4b $1.4b $1.2b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($246.0m) $224.0m $297.0m $350.0m $261.0m $254.0m $267.0m $182.0m $248.0m $212.0m
Payments to Acquire Businesses, Net of Cash Acquired $203.0m $365.0m ($184.0m) $0 $0
Payments for (Proceeds from) Other Investing Activities ($4.0m) ($10.0m) ($19.0m) $13.0m ($41.0m) ($19.0m) ($13.0m) ($12.0m) ($16.0m)
Other investing activities, net ($64.0m) $4.0m $10.0m $19.0m ($13.0m) $41.0m $19.0m $13.0m $12.0m $16.0m
Net cash (used in) provided by investing activities $12.5m ($17.6m) ($13.5m) ($2.1m) ($46.5m) ($329k) ($245.2m) $3.0m $33.7m
Net Cash Provided by (Used in) Investing Activities ($926.0m) ($33.0m) $69.0m ($2.1b) $4.7b ($60.0m) ($635.0m) ($491.0m) ($512.0m) ($484.0m)
Cash flows from financing activities:
Repayments of Long-term Debt $1.5b $2.6b $1.0b $3.6b $2.9b $63.0m $0 $0 $1.1b
Principal payments on long-term debt ($168.0m) ($1.5b) ($2.6b) ($1.0b) ($3.6b) ($2.9b) ($63.0m) $0 $0 ($1.1b)
Proceeds from warrants issued with common stock $0 $0 $212.1m $0 $17.5m
Issuance of common stock in exchange of shares of FGS, net of issuance costs $0 $0 $21.4m $0 $1.7m $0
Cancellation of common stock issued prior years in exchange of shares of FGS , net of issuance costs $0 $0 ($1.7m) $0
Issuance of common stock in exchange of shares of Starry, net of issuance costs $0 $0 $27.7m $0
Issuance of unvested common stock to senior managers $56k $0
Payments for Repurchase of Common Stock $898.0m $14.0m $249.0m
Repurchase of common stock $0 ($132.0m) ($1.3b) $0 ($628.0m) ($669.0m) ($898.0m) ($14.0m) ($249.0m)
Dividends paid $174.0m $210.0m $214.0m $53.0m $0 $0
Dividends Payable $51.0m $53.0m $55.0m $0 $0
Proceeds from (Payments for) Other Financing Activities ($28.0m) $47.0m ($45.0m) ($21.0m) ($79.0m) ($6.0m) ($21.0m) $17.0m ($5.0m)
Other financing activities, net ($37.0m) ($28.0m) $47.0m ($45.0m) ($21.0m) ($79.0m) ($6.0m) ($21.0m) $17.0m ($5.0m)
Net cash (used in) provided by financing activities ($3.1m) $76.9m $3.5m $33.2m $394.0m ($10.0m) $56.4m $45.0m ($3.3m)
Net Cash Provided by (Used in) Financing Activities ($1.9b) ($1.7b) $657.0m ($5.5b) ($1.8b) ($1.5b) ($1.5b) ($317.0m) ($776.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($19.0m) ($90.0m) $39.0m $29.0m ($97.0m) ($17.0m) $3.0m
Effect of exchange rate changes on cash and cash equivalents ($60.0m) $65.0m ($19.0m) ($90.0m) $39.0m $29.0m ($97.0m) ($17.0m) $3.0m ($47.0m)
Effect of exchange rate fluctuation on cash and restricted cash ($84k) $224k $10.3m $27.7m $1.7m ($8.6m)
Effect of exchange rate fluctuation on cash ($16k) $1.8m $1.4m ($84k) $224k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $170.0m $780.0m ($711.0m) ($296.0m) ($814.0m) ($634.0m) $572.0m
Net (decrease) increase in cash and cash equivalents $85.0m $1.4b $170.0m $780.0m ($711.0m) ($296.0m) ($814.0m) ($634.0m) $572.0m ($59.0m)
Net increase (decrease) in cash and restricted cash $2.0m $41.5m ($40.8m) $25.8m $313.7m ($26.3m) ($212.8m) $6.0m ($12.0m)
Net increase (decrease) in cash $2.0m $41.5m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $2.9b $3.7b $3.0b $2.7b $1.9b $1.2b $1.8b $1.7b
Cash and cash equivalents at beginning of year $1.2b $1.3b $2.9b $3.7b $3.0b $2.7b $1.9b $1.2b $1.8b $1.7b
Restricted cash $0 $0 $0 $732k $849k $8k
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $571k $868k $1.5m $1.4m $334.0m $227.0m $188.0m $286.0m $258.0m $199.0m
Income Taxes Paid, Net ($13.0m) $376.0m $197.0m $247.0m $798.0m $394.0m $408.0m $434.0m $393.0m $242.0m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.