OPEN TEXT CORP
For the period ended Dec 31, 2023. Filed Feb 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 1, 2024
OTEX$24.92+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands of U.S. dollars, except share data)
| December 31, 2023 | June 30, 2023 | |
|---|---|---|
| ASSETS · (unaudited) | ||
| Cash and cash equivalents | $1,003,134 | $1,231,625 |
| Accounts receivable trade, net of allowance for credit losses of $10,642 as of December 31, 2023 and $13,828 as of June 30, 2023 (Note 4) | 735,346 | 682,517 |
| Contract assets (Note 3) | 70,656 | 71,196 |
| Income taxes recoverable (Note 15) | 8,342 | 68,161 |
| Prepaid expenses and other current assets (Note 9) | 215,396 | 221,732 |
| Assets held for sale (Note 19) | 2,051,116 | — |
| Total current assets | 4,083,990 | 2,275,231 |
| Property and equipment (Note 5) | 352,570 | 356,904 |
| Operating lease right of use assets (Note 6) | 245,118 | 285,723 |
| Long-term contract assets (Note 3) | 45,427 | 64,553 |
| Goodwill (Note 7) | 7,604,409 | 8,662,603 |
| Acquired intangible assets (Note 8) | 2,773,220 | 4,080,879 |
| Deferred tax assets (Note 15) | 925,282 | 926,719 |
| Other assets (Note 9) | 318,783 | 342,318 |
| Long-term income taxes recoverable (Note 15) | 94,465 | 94,270 |
| Total assets | $16,443,264 | $17,089,200 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities (Note 10) | $948,921 | $996,261 |
| Current portion of long-term debt (Note 11) | 45,850 | 320,850 |
| Operating lease liabilities (Note 6) | 86,868 | 91,425 |
| Deferred revenues (Note 3) | 1,535,322 | 1,721,781 |
| Income taxes payable (Note 15) | 119,400 | 89,297 |
| Liabilities held for sale (Note 19) | 222,814 | — |
| Total current liabilities | 2,959,175 | 3,219,614 |
| Long-term liabilities: | ||
| Accrued liabilities (Note 10) | 52,632 | 51,961 |
| Pension liability, net (Note 12) | 129,238 | 126,312 |
| Long-term debt (Note 11) | 8,474,599 | 8,562,096 |
| Long-term operating lease liabilities (Note 6) | 236,481 | 271,579 |
| Long-term deferred revenues (Note 3) | 170,273 | 217,771 |
| Long-term income taxes payable (Note 15) | 152,046 | 193,808 |
| Deferred tax liabilities (Note 15) | 238,473 | 423,955 |
| Total long-term liabilities | 9,453,742 | 9,847,482 |
| Shareholders’ equity: | ||
| Share capital and additional paid-in capital (Note 13) | ||
| 271,854,655 and 270,902,571 Common Shares issued and outstanding at December 31, 2023 and June 30, 2023, respectively; authorized Common Shares: unlimited | 2,261,856 | 2,176,947 |
| Accumulated other comprehensive income (loss) (Note 20) | (83,499) | (53,559) |
| Retained earnings | 2,029,643 | 2,048,984 |
| Treasury stock, at cost (4,400,034 and 3,536,375 shares at December 31, 2023 and June 30, 2023, respectively) | (179,089) | (151,597) |
| Total OpenText shareholders' equity | 4,028,911 | 4,020,775 |
| Non-controlling interests | 1,436 | 1,329 |
| Total shareholders’ equity | 4,030,347 | 4,022,104 |
| Total liabilities and shareholders’ equity | $16,443,264 | $17,089,200 |
Guarantees and contingencies (Note 14)
Related party transactions (Note 24)
Subsequent events (Note 25)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.