Below are the financial statements of Kyndryl Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 |
---|---|---|
Current assets | — | — |
Cash and cash equivalents | 1,553a | 1,847a |
Restricted cash | 1a | 12a |
Accounts receivable (net of allowances for credit losses of $22 at March 31, 2024 and $32 at March 31, 2023) | 1,599a | 1,523a |
Deferred costs (current portion) | 1,081a | 1,070a |
Prepaid expenses and other current assets | 514a | 510a |
Total current assets | 4,747a | 4,963a |
Assets | — | — |
Property and equipment, net | 2,674a | 2,779a |
Operating right-of-use assets, net | 864a | 964a |
Deferred costs (noncurrent portion) | 920a | 1,166a |
Deferred taxes | 220a | 248a |
Goodwill | 805a | 812a |
Intangible assets, net | 188a | 171a |
Pension assets | 105a | 94a |
Other noncurrent assets | 67a | 267a |
Total assets | 10,590a | 11,464a |
Current liabilities | — | — |
Accounts payable | 1,408a | 1,774a |
Value-added tax and income tax liabilities | 327a | 347a |
Current portion of long-term debt | 126a | 110a |
Accrued compensation and benefits | 609a | 533a |
Deferred income (current portion) | 825a | 820a |
Operating lease liabilities (current portion) | 285a | 316a |
Accrued contract costs | 487a | 346a |
Other accrued expenses and liabilities | 521a | 624a |
Total current liabilities | 4,589a | 4,868a |
Liabilities | — | — |
Long-term debt | 3,112a | 3,111a |
Retirement and nonpension postretirement benefit obligations | 500a | 504a |
Deferred income (noncurrent portion) | 314a | 362a |
Operating lease liabilities (noncurrent portion) | 622a | 707a |
Other noncurrent liabilities | 332a | 450a |
Total liabilities | 9,468a | 10,002a |
Stockholders’ equity | — | — |
Common stock, par value $0.01 per share, and additional paid-in capital | 4,524a | 4,428a |
Accumulated deficit | -2,319a | -1,978a |
Treasury stock, at cost | -45a | -23a |
Accumulated other comprehensive income (loss) | -1,145a | -1,062a |
Total stockholders’ equity before non-controlling interests | 1,015a | 1,365a |
Equity | — | — |
Non-controlling interests | 107a | 97a |
Total equity | 1,122a | 1,462a |
Total liabilities and equity | 10,590a | 11,464a |
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