For more information, please contact:
Greg Secord
Vice President, Investor Relations
Open Text Corporation
415-963-0825
investors@opentext.com
OTEX-F
Copyright ©2018 Open Text. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text. All rights reserved. For more information, visit: http://www.opentext.com/who-we-are/copyright-information.
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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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|
March 31, 2018 |
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June 30, 2017 | ||||
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ASSETS |
(unaudited) |
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Cash and cash equivalents |
$ |
605,497 |
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|
$ |
443,357 |
|
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Accounts receivable trade, net of allowance for doubtful accounts of $9,007 as of March 31, 2018 and $6,319 as of June 30, 2017 |
515,012 |
|
|
445,812 |
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Income taxes recoverable |
42,880 |
|
|
32,683 |
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Prepaid expenses and other current assets |
105,657 |
|
|
81,625 |
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Total current assets |
1,269,046 |
|
|
1,003,477 |
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Property and equipment |
264,859 |
|
|
227,418 |
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Goodwill |
3,592,598 |
|
|
3,416,749 |
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Acquired intangible assets |
1,391,413 |
|
|
1,472,542 |
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Deferred tax assets |
1,142,385 |
|
|
1,215,712 |
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Other assets |
99,732 |
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|
93,763 |
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Deferred charges |
39,148 |
|
|
42,344 |
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Long-term income taxes recoverable |
21,696 |
|
|
8,557 |
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Total assets |
$ |
7,820,877 |
|
|
$ |
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 |
$ |
295,165 |
|
|
$ |
342,120 |
|
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Current portion of long-term debt |
282,760 |
|
|
182,760 |
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Deferred revenues |
689,189 |
|
|
570,328 |
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Income taxes payable |
33,685 |
|
|
31,835 |
| ||
|
Total current liabilities |
1,300,799 |
|
|
1,127,043 |
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Long-term liabilities: |
|
|
| ||||
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Accrued liabilities |
52,688 |
|
|
50,338 |
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Deferred credits |
3,366 |
|
|
5,283 |
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Pension liability |
62,996 |
|
|
58,627 |
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Long-term debt |
2,385,322 |
|
|
2,387,057 |
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Deferred revenues |
72,176 |
|
|
61,678 |
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Long-term income taxes payable |
171,174 |
|
|
162,493 |
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Deferred tax liabilities |
75,376 |
|
|
94,724 |
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Total long-term liabilities |
2,823,098 |
|
|
2,820,200 |
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Shareholders' equity: |
|
|
| ||||
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Share capital and additional paid-in capital |
|
|
| ||||
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267,266,442 and 264,059,567 Common Shares issued and outstanding at March 31, 2018 and June 30, 2017, respectively; authorized Common Shares: unlimited |
1,689,997 |
|
|
1,613,454 |
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Accumulated other comprehensive income |
51,810 |
|
|
48,800 |
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Retained earnings |
1,973,129 |
|
|
1,897,624 |
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Treasury stock, at cost (694,169 shares at March 31, 2018 and 1,101,612 at June 30, 2017, respectively) |
(18,823) |
|
|
(27,520) |
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Total OpenText shareholders' equity |
3,696,113 |
|
|
3,532,358 |
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Non-controlling interests |
867 |
|
|
961 |
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Total shareholders' equity |
3,696,980 |
|
|
3,533,319 |
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Total liabilities and shareholders' equity |
$ |
7,820,877 |
|
|
$ |
7,480,562 |
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