OPEN TEXT CORP
For the period ended Mar 31, 2024. Filed May 2, 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.
Mar 31, 2024 · Filed May 2, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Income
| Three Months EndedMarch 31, | Nine Months EndedMarch 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income for the period | $98,327 | $57,613 | $217,010 | $199,251 |
| Other comprehensive income (loss)—net of tax: | ||||
| Net foreign currency translation adjustments | 11,765 | (28,640) | (18,614) | (25,587) |
| Unrealized gain (loss) on cash flow hedges: | ||||
| Unrealized gain (loss) - net of tax (1) | (1,634) | 38 | (1,953) | (2,343) |
| (Gain) loss reclassified into net income - net of tax (2) | 118 | 699 | 455 | 2,388 |
| Unrealized gain (loss) on available-for-sale financial assets: | ||||
| Unrealized gain (loss) - net of tax (3) | 90 | (900) | 319 | (900) |
| Actuarial gain (loss) relating to defined benefit pension plans: | ||||
| Actuarial gain (loss) - net of tax (4) | — | (3,318) | (110) | 878 |
| Amortization of actuarial (gain) loss into net income - net of tax (5) | 115 | 35 | 417 | 109 |
| Total other comprehensive income (loss), net for the period | 10,454 | (32,086) | (19,486) | (25,455) |
| Total comprehensive income | 108,781 | 25,527 | 197,524 | 173,796 |
| Comprehensive income attributable to non-controlling interests | (42) | (57) | (149) | (138) |
| Total comprehensive income attributable to OpenText | $108,739 | $25,470 | $197,375 | $173,658 |
(1)Net of tax expense (recovery) of ($589) and $15 for the three months ended March 31, 2024 and 2023, respectively; $(704) and $(844) for the nine months ended March 31, 2024 and 2023, respectively.
(2)Net of tax expense (recovery) of $42 and $252 for the three months ended March 31, 2024 and 2023, respectively; $163 and $861 for the nine months ended March 31, 2024 and 2023, respectively.
(3)Net of tax expense (recovery) of $24 and ($238) for the three months ended March 31, 2024 and 2023, respectively; $84 and ($238) for the nine months ended March 31, 2024 and 2023, respectively.
(4)Net of tax expense (recovery) of $— and $(892) for the three months ended March 31, 2024 and 2023, respectively; $110 and $318 for the nine months ended March 31, 2024 and 2023, respectively.
(5)Net of tax expense (recovery) of $50 and $25 for the three months ended March 31, 2024 and 2023, respectively; $175 and $76 for the nine months ended March 31, 2024 and 2023, respectively.
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