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
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Condensed Consolidated Statements of Comprehensive Income
| Three Months EndedDecember 31, | Six Months EndedDecember 31, | |||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| Net income for the period | $37,737 | $258,523 | $118,683 | $141,638 |
| Other comprehensive income (loss)—net of tax: | ||||
| Net foreign currency translation adjustments | (15,796) | 39,419 | (30,379) | 3,053 |
| Unrealized gain (loss) on cash flow hedges: | ||||
| Unrealized gain (loss) - net of tax (1) | 1,522 | 959 | (319) | (2,381) |
| (Gain) loss reclassified into net income - net of tax (2) | 328 | 1,101 | 337 | 1,689 |
| Unrealized gain (loss) on available-for-sale financial assets: | ||||
| Unrealized gain (loss) - net of tax (3) | 450 | — | 229 | — |
| Actuarial gain (loss) relating to defined benefit pension plans: | ||||
| Actuarial gain (loss) - net of tax (4) | (91) | 32 | (110) | 4,196 |
| Amortization of actuarial (gain) loss into net income - net of tax (5) | 113 | 37 | 302 | 74 |
| Total other comprehensive income (loss) net, for the period | (13,474) | 41,548 | (29,940) | 6,631 |
| Total comprehensive income | 24,263 | 300,071 | 88,743 | 148,269 |
| Comprehensive income attributable to non-controlling interests | (62) | (37) | (107) | (81) |
| Total comprehensive income attributable to OpenText | $24,201 | $300,034 | $88,636 | $148,188 |
(1)Net of tax expense (recovery) of $549 and $347 for the three months ended December 31, 2023 and 2022, respectively; $(115) and $(859) for the six months ended December 31, 2023 and 2022, respectively.
(2)Net of tax expense (recovery) of $118 and $397 for the three months ended December 31, 2023 and 2022, respectively; $121 and $609 for the six months ended December 31, 2023 and 2022, respectively.
(3)Net of tax expense (recovery) of ($119) and $— for the three months ended December 31, 2023 and 2022, respectively; ($60) and $— for the six months ended December 31, 2023 and 2022, respectively.
(4)Net of tax expense (recovery) of $91 and $106 for the three months ended December 31, 2023 and 2022, respectively; $110 and $1,210 for the six months ended December 31, 2023 and 2022, respectively.
(5)Net of tax expense (recovery) of $50 and $25 for the three months ended December 31, 2023 and 2022, respectively; $125 and $51 for the six months ended December 31, 2023 and 2022, respectively.
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