← Globant S.A.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net income for the year | $35.9m | $30.5m | $51.6m | $54.0m | $54.2m | $96.4m | $149.5m | $158.5m | $169.0m | $104.0m | |
| Net Income | — | — | — | — | — | — | $148.9m | $158.5m | $165.7m | $102.9m | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $149.5m | $158.5m | $169.0m | $104.0m | |
| Depreciation of property and equipment (note 15) | $6.3m | $9.1m | $11.2m | $14.5m | $16.0m | $19.8m | $25.3m | $32.8m | $36.2m | $33.7m | |
| Depreciation of right-of-use assets (note 28) | — | $0 | $0 | $14.6m | $17.6m | $23.8m | $35.2m | $40.0m | $37.8m | $32.9m | |
| Amortization of intangible assets (note 16) | $4.6m | $7.1m | $9.3m | $9.7m | $14.8m | $36.7m | $47.4m | $67.1m | $88.7m | $121.2m | |
| Amortization Cash Flow | — | — | — | — | — | — | $47.4m | $67.1m | $88.7m | $121.2m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $47.4m | $67.1m | $88.7m | $121.2m | |
| Depreciation | — | — | — | — | — | — | $60.6m | $72.7m | $74.0m | $66.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $107.9m | $139.9m | $162.7m | $187.8m | |
| Deferred income tax (note 9.1) | ($730k) | ($6.0m) | ($7.5m) | ($4.3m) | ($5.5m) | ($24.8m) | ($1.4m) | ($34.9m) | ($37.6m) | ($24.6m) | |
| Deferred Income Tax | — | — | — | — | — | — | $43.4m | $39.5m | $41.4m | $35.2m | |
| Deferred Tax | — | — | — | — | — | — | $43.4m | $39.5m | $41.4m | $35.2m | |
| Adjustments For Share-Based Payments | $3.6m | $12.9m | $10.6m | $15.4m | $22.4m | $37.0m | $60.3m | $72.9m | $81.8m | $75.7m | |
| Share-based compensation expense | $3.6m | $12.9m | $10.6m | $15.4m | $22.4m | $37.0m | $60.3m | $72.9m | $81.8m | $75.7m | |
| Impairment/(Reversal) of intangible assets, net (note 16) | $0 | $4.7m | $306k | $720k | $83k | $80k | $1.0m | ($822k) | $1.6m | $0 | |
| Net impairment losses on financial assets | $928k | $1.6m | $3.5m | $228k | $3.1m | $7.6m | $6.4m | $18.8m | $7.0m | $7.6m | |
| Net impairment losses on investments in convertible notes | — | — | — | — | — | — | $0 | $0 | $1.1m | $1.4m | |
| Proceeds from the issuance of shares under the share-based compensation plan (note 30.1) | — | $5.3m | $7.0m | $15.8m | $5.8m | $6.6m | $3.5m | $4.1m | $4.4m | $3.8m | |
| Asset Impairment Charge | — | — | — | — | — | — | $7.4m | $18.0m | $9.7m | $8.9m | |
| Adjustments For Income Tax Expense | $15.1m | $14.1m | $23.3m | $19.3m | $27.8m | $53.3m | $44.8m | $74.5m | $79.0m | $59.8m | |
| Proceeds From Sales Of Investments Other Than Investments Accounted For Using Equity Method | — | — | — | — | — | — | — | — | $263k | $0 | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($119k) | ($89k) | ($222k) | ($110k) | |
| Additional Financial Items | |||||||||||
| Adjustments For Decrease Increase In Trade Account Receivable | ($5.8m) | ($25.6m) | ($36.4m) | ($38.9m) | ($33.9m) | ($93.0m) | ($104.3m) | ($44.3m) | ($113.1m) | $36.2m | |
| Adjustments For Increase Decrease In Trade Account Payable | ($1.2m) | $4.3m | $2.5m | $7.2m | ($2.8m) | $10.9m | ($2.7m) | $19.0m | ($38.1m) | ($6.6m) | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | $6.0m | $2.6m | $7.0m | $8.3m | $3.6m | ($5.7m) | $4.6m | $21.9m | ($3.0m) | $2.8m | |
| Goodwill | $65.2m | $98.9m | $104.8m | $188.5m | $392.8m | $573.0m | $739.2m | $1.2b | $1.6b | $1.6b | |
| Interest Received Classified As Operating Activities | — | — | $401k | $734k | $1.9m | $585k | $2.7m | $4.7m | $5.3m | $5.6m | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $15.4m | $23.2m | $21.8m | $30.6m | $38.5m | $36.6m | $28.6m | |
| Payments To Acquire Or Redeem Entitys Shares | — | — | — | — | — | $7.3m | $9.3m | $11.5m | $10.7m | $56.1m | |
| Proceeds From Borrowings Classified As Financing Activities | $0 | $22.0m | ($6.0m) | $90.5m | $155.1m | $13.5m | $0 | $395.6m | $440.7m | $260.2m | |
| Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets | $219.9m | $13.2m | $35.3m | $15.6m | $3.3m | $45.0m | $269.1m | $217.2m | — | — | |
| Proceeds From Issuing Shares | $1.9m | $5.3m | $7.0m | $15.8m | $300.9m | $286.2m | $0 | $0 | — | — | |
| Purchase Of Financial Assets Measured At Fair Value Through Profit Or Loss Classified As Investing Activities | — | — | — | — | — | — | — | — | $234.1m | $223.8m | |
| Purchase Of Intangible Assets Classified As Investing Activities | $6.4m | $8.4m | $9.7m | $11.6m | $24.2m | $34.9m | $48.4m | $81.7m | $85.9m | $70.3m | |
| Purchase Of Interests In Associates | $500k | $469k | $3.2m | $0 | $0 | $1.4m | $500k | $0 | $0 | — | |
| Repayments Of Borrowings Classified As Financing Activities | $543k | $16.2m | $0 | $40.8m | $194.3m | $29.4m | $8.3m | $271.8m | $347.3m | $186.2m | |
| Current income tax (note 9.1) | $15.1m | $14.1m | $23.3m | $19.3m | $27.8m | $53.3m | $44.8m | $74.5m | $79.0m | $59.8m | |
| Reversal for claims and lawsuits (note 23) | $999k | $527k | $2.1m | $0 | $1.6m | $5.8m | $1.9m | ($348k) | ($3.0m) | ($2.4m) | |
| Loss (gain) on remeasurement of contingent consideration and liabilities in installments (note 8) | — | — | — | $85k | $2.4m | $4.7m | ($1.1m) | ($4.4m) | ($4.0m) | $1.7m | |
| Gain on transactions with bonds (note 7) | $0 | $0 | $0 | ($1.6m) | ($9.6m) | ($708k) | ($13.9m) | ($9.2m) | ($5.0m) | ($1.3m) | |
| Accrued interest | $757k | $404k | $270k | $4.2m | $7.0m | $9.8m | $11.2m | $15.3m | $23.4m | $31.9m | |
| Interest received | $0 | $0 | $401k | $734k | $1.9m | $585k | $2.7m | $4.7m | $5.3m | $5.6m | |
| Net gain arising on financial assets measured at FVPL | ($653k) | ($303k) | ($2.8m) | ($1.3m) | $3.4m | $8.5m | $7.5m | ($23.6m) | ($452k) | ($4.3m) | |
| Net (gain) loss arising on financial assets measured at FVOCI | $0 | $0 | ($258k) | ($58k) | $287k | $130k | ($165k) | ($22.7m) | $6.4m | ($21.0m) | |
| Exchange differences | $6.0m | $2.6m | $7.0m | $8.3m | $3.6m | ($5.7m) | $4.6m | $21.9m | ($3.0m) | $2.8m | |
| Share of results of investment in associates | — | $0 | $0 | $224k | $622k | $233k | ($119k) | ($89k) | ($222k) | ($110k) | |
| Payments related to forward and future contracts | — | — | ($853k) | ($4.8m) | ($7.7m) | ($13.5m) | ($25.6m) | ($10.9m) | ($8.6m) | ($5.0m) | |
| Proceeds related to forward and future contracts | ($1.1m) | ($579k) | $2.4m | ($651k) | $4.8m | $3.9m | $12.5m | $20.4m | $7.6m | $7.8m | |
| Payments of remeasured earn-outs related to acquisition of business | — | — | $0 | $0 | ($5.2m) | $0 | ($4.5m) | ($7.1m) | ($6.6m) | ($11.2m) | |
| Gain arising from sale of cryptocurrency | — | — | — | — | — | — | $0 | $0 | ($1.1m) | $0 | |
| Loss (gain) arising from lease disposals | — | — | $0 | $0 | ($180k) | ($643k) | $0 | $0 | ($1.0m) | $3.8m | |
| Net decrease (increase) in trade receivables | ($5.8m) | ($25.6m) | ($36.4m) | ($38.9m) | ($33.9m) | ($93.0m) | ($104.3m) | ($44.3m) | ($113.1m) | $36.2m | |
| Net (increase) decrease in other receivables | ($17.1m) | $1.2m | ($10.6m) | ($8.4m) | ($10.9m) | ($21.1m) | ($21.0m) | $16.6m | ($1.4m) | ($13.7m) | |
| Net (increase) decrease in other assets | — | $0 | $0 | ($10.0m) | $6.1m | ($1.3m) | ($9.4m) | ($10.0m) | $12.2m | ($13.7m) | |
| Net increase (decrease) in trade payables | ($1.2m) | $4.3m | $2.5m | $7.2m | ($2.8m) | $10.9m | ($2.7m) | $19.0m | ($38.1m) | ($6.6m) | |
| Net (decrease) increase in payroll and social security taxes payable | $3.3m | $7.6m | $21.9m | $8.8m | $11.5m | $66.7m | $13.4m | ($37.4m) | $2.0m | ($60.8m) | |
| Net decrease in tax liabilities | ($1.8m) | ($700k) | $939k | $2.1m | $363k | $4.6m | $264k | ($1.7m) | ($8.2m) | ($14.3m) | |
| Utilization of provision for contingent liabilities (note 23) | ($400k) | ($1.3m) | ($222k) | ($194k) | ($615k) | ($8.1m) | ($1.8m) | ($227k) | ($4.1m) | ($740k) | |
| Proceeds from sale of cryptocurrency | — | $468k | $149k | $102k | $951k | $1.2m | $0 | $288k | $3.0m | $0 | |
| Cash outflows for intangible assets | ($6.4m) | ($8.4m) | ($9.7m) | ($11.6m) | ($24.2m) | ($34.9m) | ($48.4m) | ($81.7m) | ($85.9m) | ($70.3m) | |
| Acquisition of investment in sovereign bonds | — | $0 | $0 | ($6.0m) | ($16.7m) | ($6.0m) | ($24.9m) | ($29.0m) | ($39.2m) | ($36.3m) | |
| Proceeds from investment in sovereign bonds | $0 | $0 | $0 | $7.6m | $26.3m | $6.7m | $38.8m | $38.2m | $44.2m | $37.6m | |
| Acquisition of investments measured at FVPL | — | — | — | — | ($436.7m) | ($239.0m) | ($414.9m) | ($384.1m) | ($234.1m) | ($223.8m) | |
| Proceeds from investments measured at FVPL | — | — | — | — | $443.0m | $230.2m | $393.1m | $410.7m | $240.5m | $231.3m | |
| Acquisition of investments measured at FVOCI | ($201.9m) | ($13.8m) | ($39.4m) | ($11.7m) | ($3.0m) | ($50.0m) | ($265.0m) | ($214.6m) | ($361.4m) | ($8.0m) | |
| Proceeds from investments measured at FVOCI | $219.9m | $13.2m | $35.3m | $15.6m | $3.3m | $45.0m | $269.1m | $217.2m | $362.3m | $8.0m | |
| Proceeds from sale of equity instruments | — | — | — | — | — | — | $0 | $0 | $263k | $0 | |
| Payments to acquire equity instruments | — | — | $0 | $0 | ($9.2m) | ($5.8m) | ($5.1m) | ($1.7m) | ($1.1m) | ($776k) | |
| Acquisition of investment in convertible notes (note 29) | $0 | $0 | $0 | ($3.4m) | ($701k) | ($2.8m) | ($2.7m) | ($2.4m) | ($2.5m) | ($2.2m) | |
| Collection of investments in convertible notes | — | — | — | — | — | — | — | $0 | $0 | $1.0m | |
| Acquisition of business, net of cash (note 26) | ($16.6m) | ($19.1m) | ($4.1m) | ($97.3m) | ($69.1m) | ($144.5m) | ($126.4m) | ($253.7m) | ($278.2m) | ($32.9m) | |
| Payments of earn-outs related to acquisition of business | ($6.2m) | ($11.5m) | ($11.0m) | ($9.0m) | ($6.0m) | ($19.4m) | ($22.2m) | ($13.9m) | ($22.9m) | ($21.8m) | |
| Proceeds from the issuance of shares under the ESPP plan | — | — | — | $0 | $0 | $2.3m | $9.0m | $9.2m | $9.6m | $8.3m | |
| Repurchase of shares | — | — | — | $0 | $0 | ($7.3m) | ($9.3m) | ($11.5m) | ($10.7m) | ($56.1m) | |
| Payment of call/put-option over non-controlling interest | — | — | — | — | $0 | $0 | ($5.2m) | ($3.9m) | ($25.8m) | ($27.1m) | |
| Proceeds from borrowings (note 21) | $0 | $22.0m | ($6.0m) | $90.5m | $155.1m | $13.5m | $0 | $395.6m | $440.7m | $260.2m | |
| Repayment of borrowings (note 21) | ($543k) | ($16.2m) | $0 | ($40.8m) | ($194.3m) | ($29.4m) | ($8.3m) | ($271.8m) | ($347.3m) | ($186.2m) | |
| Payments of principal portion of lease liabilities (note 28) | — | $0 | $0 | ($15.4m) | ($23.2m) | ($21.8m) | ($30.6m) | ($38.5m) | ($36.6m) | ($28.6m) | |
| Payments of lease liabilities interest (note 28) | — | $0 | $0 | ($475k) | ($1.9m) | ($5.4m) | ($6.8m) | ($6.3m) | ($6.9m) | ($6.8m) | |
| Payments of installments related to acquisition of business | — | — | — | — | $0 | $0 | ($15.5m) | ($28.3m) | ($21.0m) | ($11.2m) | |
| Beginning Cash Position | — | — | — | — | — | — | $427.8m | $292.5m | $307.2m | $142.1m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($65.7m) | $44.5m | ($5.8m) | ($64.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($269.3m) | ($350.4m) | ($403.9m) | ($134.5m) | |
| Change In Account Payable | — | — | — | — | — | — | ($2.7m) | $19.0m | ($38.1m) | ($6.6m) | |
| Change In Accrued Expense | — | — | — | — | — | — | $13.4m | ($37.4m) | $2.0m | ($60.8m) | |
| Change In Income Tax Payable | — | — | — | — | — | — | $264k | ($1.7m) | ($8.2m) | ($14.3m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($9.4m) | ($10.0m) | $12.2m | ($13.7m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($1.8m) | ($227k) | ($4.1m) | ($740k) | |
| Change In Payable | — | — | — | — | — | — | ($2.4m) | $17.3m | ($46.3m) | ($20.9m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $11.0m | ($20.1m) | ($44.3m) | ($81.6m) | |
| Change In Receivables | — | — | — | — | — | — | ($125.3m) | ($27.7m) | ($114.5m) | $22.5m | |
| Change In Tax Payable | — | — | — | — | — | — | $264k | ($1.7m) | ($8.2m) | ($14.3m) | |
| Change In Working Capital | — | — | — | — | — | — | ($125.5m) | ($58.0m) | ($150.7m) | ($73.6m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($104.3m) | ($44.3m) | ($113.1m) | $36.2m | |
| Changes In Cash | — | — | — | — | — | — | ($137.5m) | $12.7m | ($161.0m) | $102.1m | |
| End Cash Position | — | — | — | — | — | — | $292.5m | $307.2m | $142.1m | $243.7m | |
| Financing Cash Flow | — | — | — | — | — | — | ($65.7m) | $44.5m | ($5.8m) | ($64.6m) | |
| Free Cash Flow | — | — | — | — | — | — | $102.1m | $191.7m | $135.1m | $211.7m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($6.5m) | ($55.5m) | ($159k) | ($26.7m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $1.6m | $846k | ($71k) | $7.9m | |
| Interest Received CFO | — | — | — | — | — | — | $2.7m | $4.7m | $5.3m | $5.6m | |
| Investing Cash Flow | — | — | — | — | — | — | ($269.3m) | ($350.4m) | ($403.9m) | ($134.5m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $286.2m | $0 | $0 | — | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($149.1m) | ($267.6m) | ($301.1m) | ($54.8m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $4.6m | $21.9m | ($3.0m) | $2.8m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($48.4m) | ($81.7m) | ($85.9m) | ($70.3m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($47.1m) | ($45.1m) | ($27.7m) | ($19.2m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($350k) | ($32.8m) | ($3.5m) | ($16.1m) | |
| Other Non Cash Items | — | — | — | — | — | — | $3.3m | $24.9m | $5.0m | $43.1m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $12.5m | $13.3m | $14.1m | $12.1m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $1.9m | ($348k) | ($3.0m) | ($2.4m) | |
| Purchase Of Business | — | — | — | — | — | — | ($149.1m) | ($267.6m) | ($301.1m) | ($54.8m) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($48.4m) | ($81.7m) | ($85.9m) | ($70.3m) | |
| Purchase Of PPE | — | $19.6m | $19.2m | $20.4m | $29.3m | $42.8m | ($47.1m) | ($45.1m) | ($27.7m) | ($19.2m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($9.3m) | ($11.5m) | ($10.7m) | ($56.1m) | |
| Sale Of PPE | — | — | — | — | — | $1.2m | $0 | $288k | — | — | |
| Stock Based Compensation | — | — | — | — | — | — | $60.3m | $72.9m | $81.8m | $75.7m | |
| Profit or Loss | $35.9m | $30.5m | $51.6m | $54.0m | $54.2m | $96.4m | $149.5m | $158.5m | $169.0m | $104.0m | |
| Cash flows from investing activities | |||||||||||
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $50k | $468k | $149k | ($20.4m) | ($29.3m) | ($42.8m) | ($47.1m) | ($45.1m) | ($27.7m) | ($19.2m) | |
| Capital Expenditure | — | — | — | — | — | — | ($95.4m) | ($126.8m) | ($113.6m) | ($89.5m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($24.8m) | $44.1m | $10.8m | $9.7m | |
| Purchase Of Investment | — | — | — | — | — | — | ($738.2m) | ($642.8m) | ($647.0m) | ($276.0m) | |
| Sale Of Investment | — | — | — | — | — | — | $713.4m | $686.8m | $657.8m | $285.7m | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $395.6m | $440.7m | $260.2m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $395.6m | $440.7m | $260.2m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($38.8m) | $85.3m | $56.7m | $45.4m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($38.8m) | $85.3m | $56.7m | $45.4m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($38.8m) | ($310.3m) | ($384.0m) | ($214.8m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($38.8m) | ($310.3m) | ($384.0m) | ($214.8m) | |
| Common Stock Issuance | — | — | — | — | — | $286.2m | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($9.3m) | ($11.5m) | ($10.7m) | ($56.1m) | |
| Common Stock Payments | — | — | — | — | — | — | ($9.3m) | ($11.5m) | ($10.7m) | ($56.1m) | |
| Dividends Received From Associates Classified As Investing Activities | — | — | — | — | — | — | — | — | — | $32k | |
| Dividends from investments in associates | — | — | — | — | — | — | — | $0 | $0 | $32k | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Dividends Received CFI | — | — | — | — | — | — | — | $0 | $0 | $32k | |
| Net Other Financing Charges | — | — | — | — | — | — | ($20.7m) | ($32.2m) | ($46.7m) | ($38.3m) | |
| Net cash (used in) provided by financing activities | $7.7m | $16.6m | $4.1m | $56.7m | $241.5m | $244.0m | ($65.7m) | $44.5m | ($5.8m) | ($64.6m) | |
| Effect of exchange rate changes on cash and cash equivalents | $2.6m | ($60k) | ($93k) | $252k | ($1.2m) | ($1.2m) | $2.1m | $2.1m | ($4.1m) | ($447k) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $2.1m | $2.1m | ($4.1m) | ($447k) | |
| Increase (Decrease) in cash and cash equivalents | $13.8m | $2.0m | $25.1m | ($14.9m) | $217.4m | $150.1m | ($137.5m) | $12.7m | ($161.0m) | $102.1m | |
| Cash and cash equivalents at beginning of the year | $50.5m | $52.5m | $77.6m | $62.7m | $278.9m | $427.8m | $292.5m | $307.2m | $142.1m | $243.7m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($137.5m) | $12.7m | ($161.0m) | $102.1m | |
| Interest Paid Classified As Financing Activities | $41k | $95k | $159k | $764k | $1.9m | $832k | $2.5m | $4.1m | $12.2m | $20.8m | |
| Income tax paid | $8.2m | $11.4m | ($13.0m) | ($17.1m) | ($24.6m) | ($50.2m) | ($52.9m) | ($48.8m) | ($69.0m) | ($66.9m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.