OPEN TEXT CORP
For the period ended Dec 31, 2024. Filed Feb 6, 2025.
View on SEC.govAbout this filing
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, 2024 · Filed Feb 6, 2025
OTEX$24.56-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(In thousands of U.S. dollars, except share data)
| December 31, 2024 | June 30, 2024 | |
|---|---|---|
| ASSETS · (Unaudited) | ||
| Cash and cash equivalents | $1,122,192 | $1,280,662 |
| Accounts receivable trade, net of allowance for credit losses of $14,641 as of December 31, 2024 and $12,108 as of June 30, 2024 | 639,611 | 626,189 |
| Contract assets (Note 3) | 68,487 | 66,450 |
| Income taxes recoverable (Note 13) | 68,004 | 61,113 |
| Prepaid expenses and other current assets (Note 7) | 186,763 | 242,911 |
| Total current assets | 2,085,057 | 2,277,325 |
| Property and equipment, net of accumulated depreciation of $779,868 as of December 31, 2024 and $751,174 as of June 30, 2024 | 355,877 | 367,740 |
| Operating lease right of use assets (Note 4) | 211,079 | 219,774 |
| Long-term contract assets (Note 3) | 39,208 | 38,684 |
| Goodwill (Note 5) | 7,483,404 | 7,488,367 |
| Acquired intangible assets (Note 6) | 2,229,087 | 2,486,264 |
| Deferred tax assets (Note 13) | 982,567 | 932,657 |
| Other assets (Note 7) | 296,382 | 298,281 |
| Long-term income taxes recoverable (Note 13) | 49,052 | 96,615 |
| Total assets | $13,731,713 | $14,205,707 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities (Note 8) | $772,641 | $931,116 |
| Current portion of long-term debt (Note 9) | 35,850 | 35,850 |
| Operating lease liabilities (Note 4) | 74,699 | 76,446 |
| Deferred revenues (Note 3) | 1,452,734 | 1,521,416 |
| Income taxes payable (Note 13) | 65,145 | 235,666 |
| Total current liabilities | 2,401,069 | 2,800,494 |
| Long-term liabilities: | ||
| Accrued liabilities (Note 8) | 38,974 | 46,483 |
| Pension liability, net (Note 10) | 126,909 | 127,255 |
| Long-term debt (Note 9) | 6,348,814 | 6,356,943 |
| Long-term operating lease liabilities (Note 4) | 200,815 | 218,174 |
| Long-term deferred revenues (Note 3) | 159,987 | 162,401 |
| Long-term income taxes payable (Note 13) | 82,310 | 145,644 |
| Deferred tax liabilities (Note 13) | 141,328 | 148,632 |
| Total long-term liabilities | 7,099,137 | 7,205,532 |
| Shareholders’ equity: | ||
| Share capital and additional paid-in capital (Note 11) | ||
| 263,727,502 and 267,800,517 Common Shares issued and outstanding at December 31, 2024 and June 30, 2024, respectively; authorized Common Shares: unlimited | 2,275,583 | 2,271,886 |
| Accumulated other comprehensive income (loss) (Note 18) | (75,779) | (69,619) |
| Retained earnings | 2,174,514 | 2,119,159 |
| Treasury stock, at cost (4,225,850 and 3,135,980 shares at December 31, 2024 and June 30, 2024, respectively) | (144,432) | (123,268) |
| Total OpenText shareholders' equity | 4,229,886 | 4,198,158 |
| Non-controlling interests | 1,621 | 1,523 |
| Total shareholders’ equity | 4,231,507 | 4,199,681 |
| Total liabilities and shareholders’ equity | $13,731,713 | $14,205,707 |
Guarantees and contingencies (Note 12)
Related party transactions (Note 22)
Subsequent events (Note 23)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.