$INFY
Infosys Ltd
CIK:0001067491|SEC Filings
Consolidated Statements of Cash Flows - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
Mar. 31, 2024 |
|
| Operating activities: | |||
| Net profit | $ 3,316 | $ 3,162 | $ 3,169 |
| Adjustments to reconcile net profit to net cash provided by operating activities: | |||
| Depreciation and amortization | 552 | 569 | 565 |
| Interest and dividend income | (127) | (139) | (138) |
| Finance cost | 47 | 49 | 56 |
| Income tax expense | 1,190 | 1,285 | 1,177 |
| Exchange differences on translation of assets and liabilities, net | 106 | 9 | 11 |
| Impairment loss recognized/(reversed) under expected credit loss model | 4 | 6 | 15 |
| Stock compensation expense | 108 | 95 | 79 |
| Provision for post-sales client support and other provisions | (19) | (13) | 9 |
| Interest receivable on income tax refund | (7) | (39) | (234) |
| Other adjustments | 101 | 99 | 176 |
| Changes in working capital | |||
| Trade receivables and unbilled revenues | (583) | (209) | (322) |
| Prepayments and other assets | (260) | (157) | (151) |
| Trade payables | (3) | 21 | 11 |
| Unearned revenues | 349 | 135 | 21 |
| Other liabilities and provisions | 238 | 140 | (182) |
| Cash generated from operations | 5,012 | 5,013 | 4,262 |
| Income taxes paid | (973) | (662) | (1,114) |
| Net cash generated by operating activities | 4,039 | 4,351 | 3,148 |
| Investing activities: | |||
| Expenditure on property, plant and equipment and intangibles, net of sale proceeds | (306) | (263) | (266) |
| Deposits placed with corporation | (106) | (145) | (102) |
| Redemption of deposits placed with corporation | 82 | 92 | 86 |
| Interest and dividend received | 98 | 113 | 110 |
| Payment for acquisition of business, net of cash acquired | (76) | (377) | |
| Payment of contingent consideration pertaining to acquisition of business | (1) | (12) | |
| Escrow and other deposits pertaining to Buyback | (204) | ||
| Redemption of escrow and other deposits pertaining to Buyback | 204 | ||
| Other receipts | 1 | 1 | 16 |
| Payments to acquire Investments | |||
| Mutual fund units | (8,200) | (8,636) | (7,990) |
| Certificates of deposit | (1,579) | (825) | (1,027) |
| Quoted debt securities | (726) | (383) | (184) |
| Commercial paper | (366) | (757) | (1,254) |
| Other investments | (4) | (7) | (2) |
| Proceeds on sale of Investments | |||
| Mutual fund units | 8,178 | 8,747 | 7,818 |
| Target maturity fund units | 56 | ||
| Certificates of deposit | 1,099 | 791 | 1,111 |
| Quoted debt securities | 1,206 | 373 | 203 |
| Commercial paper | 654 | 914 | 782 |
| Other investments | 1 | 3 | |
| Net cash used in investing activities | 10 | (361) | (708) |
| Financing activities: | |||
| Payment of lease liabilities | (318) | (278) | (245) |
| Payment of dividends | (2,133) | (2,416) | (1,777) |
| Payment of dividends to non-controlling interests of subsidiary | (5) | ||
| Shares issued on exercise of employee stock options | 1 | 1 | |
| Payment towards purchase of non-controlling interest | (2) | ||
| Loan repayment of in-tech Holding GmbH (Refer to note 2.10) | (118) | ||
| Other payments | (28) | (64) | (88) |
| Buyback of equity shares including transaction costs | (2,006) | ||
| Net cash used in financing activities | (4,485) | (2,875) | (2,116) |
| Net increase/(decrease) in cash and cash equivalents | (436) | 1,115 | 324 |
| Effect of exchange rate changes on cash and cash equivalents | (84) | (27) | (32) |
| Cash and cash equivalents at the beginning | 2,861 | 1,773 | 1,481 |
| Cash and cash equivalents at the end | 2,341 | 2,861 | 1,773 |
| Supplementary information: | |||
| Restricted cash balance | $ 44 | $ 50 | $ 42 |
Consolidated Balance Sheet - USD ($) $ in Millions |
Mar. 31, 2026 |
Mar. 31, 2025 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 2,341 | $ 2,861 |
| Current investments | 1,365 | 1,460 |
| Trade receivables | 3,715 | 3,645 |
| Unbilled revenues | 1,633 | 1,503 |
| Prepayments and other current assets | 1,656 | 1,519 |
| Income tax assets | 193 | 348 |
| Derivative financial instruments | 9 | 23 |
| Total current assets | 10,912 | 11,359 |
| Non-current assets | ||
| Property, plant and equipment | 1,406 | 1,497 |
| Right of use assets | 651 | 738 |
| Goodwill | 1,278 | 1,182 |
| Intangible assets | 298 | 323 |
| Non-current investments | 942 | 1,294 |
| Unbilled revenues | 183 | 261 |
| Deferred income tax assets | 239 | 130 |
| Income tax assets | 70 | 190 |
| Other non-current assets | 467 | 445 |
| Total non-current assets | 5,534 | 6,060 |
| Total assets | 16,446 | 17,419 |
| Current liabilities | ||
| Trade payables | 500 | 487 |
| Lease liabilities | 333 | 287 |
| Derivative financial instruments | 63 | 7 |
| Current income tax liabilities | 594 | 567 |
| Unearned revenues | 1,248 | 994 |
| Employee benefit obligations | 372 | 340 |
| Provisions | 159 | 173 |
| Other current liabilities | 2,247 | 2,157 |
| Total current liabilities | 5,516 | 5,012 |
| Non-current liabilities | ||
| Lease liabilities | 634 | 675 |
| Deferred income tax liabilities | 177 | 202 |
| Employee benefit obligations | 12 | 11 |
| Other non-current liabilities | 267 | 264 |
| Total liabilities | 6,606 | 6,164 |
| Equity | ||
| Share capital - RS 5/- ($0.16) par value 4,800,000,000 (4,800,000,000) equity shares authorized, issued and outstanding 4,046,940,812 (4,143,607,528) equity shares fully paid up, net of 8,650,911 (9,655,927) treasury shares each as of March 31, 2026 (March 31, 2025), respectively | 319 | 325 |
| Share premium | 462 | 500 |
| Retained earnings | 13,459 | 13,766 |
| Cash flow hedge reserves | (2) | (2) |
| Other reserves | 773 | 1,171 |
| Capital redemption reserve | 30 | 24 |
| Other components of equity | (5,255) | (4,579) |
| Total equity attributable to equity holders of the Company | 9,786 | 11,205 |
| Non-controlling interests | 54 | 50 |
| Total equity | 9,840 | 11,255 |
| Total liabilities and equity | 16,446 | 17,419 |
| Commitments and contingent liabilities |