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 | |||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
(In thousands of U.S. dollars, except share data) | |||||||
|
| |||||||
|
| September 30, 2018 |
| June 30, 2018 | ||||
ASSETS | (unaudited) |
|
| ||||
Cash and cash equivalents | $ | 787,919 |
|
| $ | 682,942 |
|
Accounts receivable trade, net of allowance for doubtful accounts of $12,970 as of September 30, 2018 and $9,741 as of June 30, 2018 | 416,346 |
|
| 487,956 |
| ||
Contract assets | 8,767 |
|
| — |
| ||
Income taxes recoverable | 31,450 |
|
| 55,623 |
| ||
Prepaid expenses and other current assets | 80,624 |
|
| 101,059 |
| ||
Total current assets | 1,325,106 |
|
| 1,327,580 |
| ||
Property and equipment | 246,500 |
|
| 264,205 |
| ||
Long-term contract assets | 12,041 |
|
| — |
| ||
Goodwill | 3,578,641 |
|
| 3,580,129 |
| ||
Acquired intangible assets | 1,203,284 |
|
| 1,296,637 |
| ||
Deferred tax assets | 1,106,377 |
|
| 1,122,729 |
| ||
Other assets | 116,536 |
|
| 111,267 |
| ||
Deferred charges | — |
|
| 38,000 |
| ||
Long-term income taxes recoverable | 30,563 |
|
| 24,482 |
| ||
Total assets | $ | 7,619,048 |
|
| $ | 7,765,029 |
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
| ||||
Current liabilities: |
|
|
| ||||
Accounts payable and accrued liabilities | $ | 252,079 |
|
| $ | 302,154 |
|
Current portion of long-term debt | 10,000 |
|
| 10,000 |
| ||
Deferred revenues | 582,139 |
|
| 644,211 |
| ||
Income taxes payable | 31,055 |
|
| 38,234 |
| ||
Total current liabilities | 875,273 |
|
| 994,599 |
| ||
| Long-term liabilities: |
|
|
| ||||
| Accrued liabilities | 51,168 |
|
| 52,827 |
| ||
| Deferred credits | — |
|
| 2,727 |
| ||
| Pension liability | 64,730 |
|
| 65,719 |
| ||
| Long-term debt | 2,609,127 |
|
| 2,610,523 |
| ||
| Deferred revenues | 43,585 |
|
| 69,197 |
| ||
| Long-term income taxes payable | 173,807 |
|
| 172,241 |
| ||
| Deferred tax liabilities | 74,328 |
|
| 79,938 |
| ||
| Total long-term liabilities | 3,016,745 |
|
| 3,053,172 |
| ||
| Shareholders' equity: |
|
|
| ||||
| Share capital and additional paid-in capital |
|
|
| ||||
| 268,331,579 and 267,651,084 Common Shares issued and outstanding at September 30, 2018 and June 30, 2018, respectively; authorized Common Shares: unlimited | 1,730,933 |
|
| 1,707,073 |
| ||
| Accumulated other comprehensive income | 32,256 |
|
| 33,645 |
| ||
| Retained earnings | 1,993,099 |
|
| 1,994,235 |
| ||
| Treasury stock, at cost (991,368 shares at September 30, 2018 and 690,336 shares at June 30, 2018, respectively) | (30,381) |
|
| (18,732) |
| ||
| Total OpenText shareholders' equity | 3,725,907 |
|
| 3,716,221 |
| ||
| Non-controlling interests | 1,123 |
|
| 1,037 |
| ||
| Total shareholders' equity | 3,727,030 |
|
| 3,717,258 |
| ||
| Total liabilities and shareholders' equity | $ | 7,619,048 |
|
| $ | 7,765,029 |
|
