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Cognizant Cash Flow Statement

Operating, investing, and financing cash movements

Cognizant generated $2.8B in operating cash flow over the trailing twelve months. After $287.0M in capital expenditures, free cash flow was $2.5B. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.8BNet Cash From Investing (TTM)-$1.0BNet Cash From Financing (TTM)-$2.2BCapital Expenditures (TTM)$287.0MDepreciation And Amortization Cf (TTM)$555.0MNet Change In Cash (TTM)-$476.0M
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$24.2B
P/E Ratio10.86
ROE14.88%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$9M$6M$9M—$2M$6M
Gain on sale of property, plant, and equipment$0$62M$0$0$0$0
Other non-cash income (expense)-$9M$6M$9M—$2M$6M
Change in accounts payable—$9M-$38M-$6M—$25M
Change in accounts receivable—$177M$143M$2M$44M$143M
Change in deferred revenue$100M$70M-$80M-$54M$119M$76M
Change in other assets—$42M$18M-$61M$119M$206M
Change in other liabilities-$15M-$287M-$101M$354M$127M-$432M
Other working capital changes-$9M$6M$9M—$2M$6M
Deferred income taxes-$153M$54M—$406M—$111M
Depreciation and amortization$143M$136M$139M$135M$140M$141M
Gain (loss) on sale of assets$0$62M$0$0$0$0
Other Non-Cash Income (Expense)-$9M$6M$9M—$2M$6M
Other Non-cash Income (Expense)-$9M$6M$9M—$2M$6M
Other Non-cash Income (Expense)-$9M$6M$9M—$2M$6M
Net cash from operating activities$920M$400M$398M$1.2B$858M$274M
Net income$546M$663M$645M$274M$648M$662M
Other non-cash income (expense)-$9M$6M$9M—$2M$6M
Deferred revenue$100M$70M-$80M-$54M$119M$76M
Increase (Decrease) in Other Operating Assets—$42M$18M-$61M$119M$206M
Other Noncash Income (Expense)-$9M$6M$9M—$2M$6M
Other Non-cash Income and Expense-$9M$6M$9M—$2M$6M
Other Non-Cash Adjustments-$9M$6M$9M—$2M$6M
Other Non-Cash Income and Expense-$9M$6M$9M—$2M$6M
Stock-based compensation$41M$42M$48M$47M$44M$46M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired—$0$0$0$0$730M
Capital expenditures$83M$77M$67M$67M$77M$76M
Proceeds from disposals of property, plant and equipment$0$70M———$0
Net cash from investing activities-$79M-$7M-$82M-$66M-$75M-$806M
Proceeds from sale of property, plant and equipment$0$70M———$0

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$300M$300M———$0
Dividends paid$150M$155M$153M$151M$151M$159M
Proceeds from exercises of stock options and other stock issuances$14M$19M$14M$13M$12M$17M
Repayments Of Debt, Lease, And Earnout Obligations—$12M$9M$11M—$11M
Repayments of Long-Term Lines of Credit$300M$300M———$0
Net cash from financing activities-$602M-$657M-$516M-$612M-$487M-$597M
Proceeds from issuance of common stock$14M$19M$14M$13M$12M$17M
Repurchases of common stock$154M$209M$368M$463M$338M$444M
Payments on Revolving Credit Facilities$300M$300M———$0
Repayments of Long-term Lines of Credit$300M$300M———$0
Repayments of lines of credit$300M$300M———$0

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$837M$323M$331M$1.2B$781M$198M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$21M$13M$16M——-$1M
Net increase (decrease) in cash—-$251M-$184M$545M$293M-$1.1B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$280M$246.3M$246.3M$246.3M$246.3M—
Interest paid$13.3M$9M$9M$9M$9M—