For more information, please contact:
Greg Secord
Vice President, Investor Relations
Open Text Corporation
415-963-0825
investors@opentext.com
OTEX-F
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OPEN TEXT CORPORATION | |||||||
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CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
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(In thousands of U.S. dollars, except share data) | |||||||
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December 31, 2017 |
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June 30, 2017 | ||||
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ASSETS |
(unaudited) |
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Cash and cash equivalents |
$ |
476,014 |
|
|
$ |
443,357 |
|
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Accounts receivable trade, net of allowance for doubtful accounts of $8,503 as of December 31, 2017 and $6,319 as of June 30, 2017 |
511,969 |
|
|
445,812 |
| ||
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Income taxes recoverable |
23,861 |
|
|
32,683 |
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Prepaid expenses and other current assets |
101,063 |
|
|
81,625 |
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Total current assets |
1,112,907 |
|
|
1,003,477 |
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Property and equipment |
260,896 |
|
|
227,418 |
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Goodwill |
3,578,976 |
|
|
3,416,749 |
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Acquired intangible assets |
1,468,378 |
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|
1,472,542 |
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Deferred tax assets |
1,158,836 |
|
|
1,215,712 |
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Other assets |
96,612 |
|
|
93,763 |
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Deferred charges |
39,204 |
|
|
42,344 |
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Long-term income taxes recoverable |
23,412 |
|
|
8,557 |
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Total assets |
$ |
7,739,221 |
|
|
$ |
7,480,562 |
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LIABILITIES AND SHAREHOLDERS' EQUITY |
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Current liabilities: |
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|
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Accounts payable and accrued liabilities |
$ |
318,008 |
|
|
$ |
342,120 |
|
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Current portion of long-term debt |
382,760 |
|
|
182,760 |
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Deferred revenues |
557,873 |
|
|
570,328 |
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Income taxes payable |
30,084 |
|
|
31,835 |
| ||
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Total current liabilities |
1,288,725 |
|
|
1,127,043 |
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Long-term liabilities: |
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|
| ||||
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Accrued liabilities |
47,379 |
|
|
50,338 |
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Deferred credits |
4,005 |
|
|
5,283 |
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Pension liability |
62,213 |
|
|
58,627 |
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Long-term debt |
2,385,709 |
|
|
2,387,057 |
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Deferred revenues |
68,934 |
|
|
61,678 |
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Long-term income taxes payable |
176,222 |
|
|
162,493 |
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Deferred tax liabilities |
77,182 |
|
|
94,724 |
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Total long-term liabilities |
2,821,644 |
|
|
2,820,200 |
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Shareholders' equity: |
|
|
| ||||
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Share capital and additional paid-in capital |
|
|
| ||||
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265,625,515 and 264,059,567 Common Shares issued and outstanding at December 31, 2017 and June 30, 2017, respectively; authorized Common Shares: unlimited |
1,650,217 |
|
|
1,613,454 |
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Accumulated other comprehensive income |
47,521 |
|
|
48,800 |
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Retained earnings |
1,949,503 |
|
|
1,897,624 |
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Treasury stock, at cost (714,169 shares at December 31, 2017 and 1,101,612 at June 30, 2017, respectively) |
(19,250) |
|
|
(27,520) |
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Total OpenText shareholders' equity |
3,627,991 |
|
|
3,532,358 |
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Non-controlling interests |
861 |
|
|
961 |
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Total shareholders' equity |
3,628,852 |
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|
3,533,319 |
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Total liabilities and shareholders' equity |
$ |
7,739,221 |
|
|
$ |
7,480,562 |
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