Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Infosys.
Income Statement
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 | March 31, 2019 | March 31, 2018 | March 31, 2017 | March 31, 2016 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.56B | $18.21B | $16.31B | $13.56B | $12.78B | $11.80B | $10.94B | $10.21B | $9.50B | $8.71B |
| Cost of Revenue | $13.10B | $12.71B | $11.00B | $8.83B | $8.55B | $7.69B | $7.00B | $6.45B | $5.95B | $5.37B |
| Gross Profit | $5.47B | $5.50B | $5.32B | $4.73B | $4.23B | $4.11B | $3.94B | $3.76B | $3.55B | $3.34B |
| Gross Profit Ratio | 29.45% | 30.22% | 32.60% | 34.90% | 33.08% | 34.85% | 36.00% | 36.85% | 37.38% | 38.31% |
| Research and Development Expenses | $135.00M | $129.00M | $124.00M | $- | $- | $- | $116.00M | $118.00M | $108.00M | $110.00M |
| General and Administrative Expenses | $790.00M | $1.33B | $1.30B | $599.00M | $840.00M | $582.00M | $727.00M | $485.00M | $654.00M | $599.00M |
| Selling and Marketing Expenses | $842.00M | $160.00M | $93.00M | $624.00M | $664.00M | $638.00M | $552.00M | $535.00M | $522.00M | $480.00M |
| Selling General and Administrative Expenses | $1.63B | $1.49B | $1.39B | $1.22B | $1.50B | $1.22B | $1.28B | $1.02B | $1.18B | $1.08B |
| Other Expenses | $-135.00M | $40.00M | $27.00M | $30.00M | $395.00M | $49.00M | $495.00M | $22.00M | $476.00M | $560.00M |
| Operating Expenses | $1.63B | $1.64B | $1.54B | $1.38B | $1.50B | $1.38B | $1.28B | $1.19B | $1.18B | $1.08B |
| Cost and Expenses | $14.73B | $14.35B | $12.53B | $10.21B | $10.06B | $9.07B | $8.28B | $7.63B | $7.13B | $6.45B |
| Interest Income | $487.00M | $226.00M | $221.00M | $217.00M | $264.00M | $293.00M | $366.00M | $380.00M | $385.00M | $430.00M |
| Interest Expense | $56.00M | $35.00M | $27.00M | $26.00M | $24.00M | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $372.00M | $524.00M | $466.00M | $441.00M | $407.00M | $287.00M | $289.00M | $254.00M | $222.00M | $175.00M |
| EBITDA | $4.21B | $4.68B | $4.53B | $4.06B | $3.12B | $2.98B | $2.66B | $2.77B | $2.59B | $2.50B |
| EBITDA Ratio | 22.66% | 25.53% | 27.54% | 29.78% | 24.41% | 26.17% | 24.31% | 27.69% | 25.00% | 25.92% |
| Operating Income | $3.83B | $3.83B | $3.75B | $3.33B | $2.72B | $2.70B | $2.66B | $2.52B | $2.38B | $2.26B |
| Operating Income Ratio | 20.66% | 21.00% | 23.00% | 24.52% | 21.31% | 22.85% | 24.31% | 24.69% | 25.00% | 25.92% |
| Total Other Income Expenses Net | $512.00M | $300.00M | $281.00M | $271.00M | $371.00M | $307.00M | $484.00M | $454.00M | $476.00M | $560.00M |
| Income Before Tax | $4.35B | $4.12B | $4.04B | $3.60B | $3.10B | $3.00B | $3.14B | $2.97B | $2.85B | $2.82B |
| Income Before Tax Ratio | 23.41% | 22.65% | 24.74% | 26.52% | 24.22% | 25.45% | 28.73% | 29.13% | 30.01% | 32.35% |
| Income Tax Expense | $1.18B | $1.14B | $1.07B | $973.00M | $757.00M | $803.00M | $657.00M | $834.00M | $799.00M | $805.00M |
| Net Income | $3.17B | $2.98B | $2.96B | $2.61B | $2.33B | $2.20B | $2.49B | $2.14B | $2.05B | $2.01B |
| Net Income Ratio | 17.06% | 16.37% | 18.17% | 19.27% | 18.24% | 18.64% | 22.73% | 20.96% | 21.60% | 23.11% |
| EPS | $0.76 | $0.71 | $0.70 | $0.62 | $0.55 | $0.51 | $0.55 | $0.47 | $0.45 | $0.44 |
| EPS Diluted | $0.76 | $0.71 | $0.70 | $0.61 | $0.55 | $0.51 | $0.55 | $0.47 | $0.45 | $0.44 |
| Weighted Average Shares Outstanding | 4.17B | 4.18B | 4.21B | 4.24B | 4.26B | 4.35B | 4.51B | 4.57B | 4.57B | 4.57B |
| Weighted Average Shares Outstanding Diluted | 4.14B | 4.19B | 4.22B | 4.25B | 4.27B | 4.35B | 4.52B | 4.57B | 4.57B | 4.57B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 | March 31, 2019 | March 31, 2018 | March 31, 2017 | March 31, 2016 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.77B | $1.48B | $2.31B | $3.38B | $2.46B | $2.83B | $3.04B | $3.49B | $4.93B | $4.86B |
| Short Term Investments | $1.66B | $878.00M | $924.00M | $320.00M | $615.00M | $958.00M | $982.00M | $1.54B | $11.00M | $140.00M |
| Cash and Short Term Investments | $3.32B | $2.36B | $3.23B | $3.70B | $3.08B | $3.79B | $4.02B | $5.03B | $4.95B | $5.00B |
| Net Receivables | $5.15B | $4.96B | $4.87B | $4.06B | $3.38B | $2.92B | $2.98B | $2.46B | $2.59B | $2.33B |
| Inventory | $43.00M | $25.00M | $25.00M | $19.00M | $19.00M | $16.00M | $966.00M | $365.00M | $685.00M | $542.00M |
| Other Current Assets | $2.21B | $1.32B | $1.13B | $919.00M | $729.00M | $920.00M | $962.00M | $773.00M | $672.00M | $530.00M |
| Total Current Assets | $10.72B | $8.63B | $8.87B | $8.31B | $7.21B | $7.64B | $7.67B | $8.28B | $7.80B | $7.55B |
| Property Plant Equipment Net | $2.32B | $2.52B | $2.43B | $2.52B | $2.36B | $1.93B | $1.86B | $1.81B | $1.59B | $1.46B |
| Goodwill | $875.00M | $882.00M | $817.00M | $832.00M | $699.00M | $512.00M | $339.00M | $563.00M | $568.00M | $495.00M |
| Intangible Assets | $167.00M | $213.00M | $225.00M | $283.00M | $251.00M | $100.00M | $38.00M | $120.00M | $149.00M | $102.00M |
| Goodwill and Intangible Assets | $1.04B | $1.09B | $1.04B | $1.11B | $950.00M | $612.00M | $377.00M | $683.00M | $717.00M | $597.00M |
| Long Term Investments | $1.54B | $1.68B | $1.87B | $1.62B | $547.00M | $670.00M | $883.00M | $995.00M | $289.00M | $230.00M |
| Tax Assets | $- | $152.00M | $160.00M | $150.00M | $231.00M | $199.00M | $196.00M | $83.00M | $81.00M | $85.00M |
| Other Non-Current Assets | $898.00M | $1.24B | $1.19B | $1.11B | $959.00M | $1.20B | $1.26B | $1.00B | $900.00M | $692.00M |
| Total Non-Current Assets | $5.80B | $6.69B | $6.69B | $6.52B | $5.05B | $4.61B | $4.58B | $4.57B | $3.58B | $3.06B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $16.52B | $15.31B | $15.55B | $14.82B | $12.26B | $12.25B | $12.26B | $12.85B | $11.38B | $10.62B |
| Account Payables | $474.00M | $470.00M | $547.00M | $364.00M | $387.00M | $255.00M | $127.00M | $91.00M | $58.00M | $22.00M |
| Short Term Debt | $235.00M | $151.00M | $115.00M | $101.00M | $82.00M | $- | $- | $- | $- | $- |
| Tax Payables | $812.00M | $854.00M | $718.00M | $591.00M | $197.00M | $442.00M | $314.00M | $788.00M | $515.00M | $451.00M |
| Deferred Revenue | $- | $876.00M | $835.00M | $554.00M | $397.00M | $410.00M | $358.00M | $279.00M | $205.00M | $172.00M |
| Other Current Liabilities | $3.13B | $3.29B | $3.05B | $2.21B | $2.09B | $2.00B | $1.72B | $1.28B | $1.43B | $1.35B |
| Total Current Liabilities | $4.65B | $4.77B | $4.43B | $3.26B | $2.76B | $2.69B | $2.16B | $2.16B | $2.00B | $1.82B |
| Long Term Debt | $767.00M | $859.00M | $607.00M | $627.00M | $530.00M | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $6.00M | $9.00M | $10.00M | $9.00M | $10.00M | $12.00M | $13.00M | $7.00M | $8.00M |
| Deferred Tax Liabilities Non-Current | $216.00M | $149.00M | $153.00M | $120.00M | $128.00M | $98.00M | $82.00M | $32.00M | $39.00M | $25.00M |
| Other Non-Current Liabilities | $284.00M | $460.00M | $521.00M | $432.00M | $272.00M | $159.00M | $131.00M | $56.00M | $56.00M | $25.00M |
| Total Non-Current Liabilities | $1.27B | $1.32B | $1.13B | $1.06B | $802.00M | $159.00M | $131.00M | $56.00M | $56.00M | $33.00M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $5.92B | $6.09B | $5.56B | $4.32B | $3.56B | $2.85B | $2.29B | $2.22B | $2.05B | $1.85B |
| Preferred Stock | $- | $- | $- | $- | $2.00M | $9.39B | $- | $- | $- | $- |
| Common Stock | $325.00M | $325.00M | $328.00M | $332.00M | $332.00M | $339.00M | $190.00M | $199.00M | $199.00M | $109.00M |
| Retained Earnings | $14.18B | $11.40B | $11.67B | $12.09B | $11.01B | $11.25B | $11.59B | $12.19B | $11.08B | $10.09B |
| Accumulated Other Comprehensive Income Loss | $1.62B | $1.37B | $1.17B | $910.00M | $592.00M | $387.00M | $244.00M | $6.00M | $-1.12B | $-1.03B |
| Other Total Stockholders Equity | $-5.57B | $-5.29B | $-4.40B | $-3.79B | $-3.89B | $-11.97B | $-2.31B | $-1.76B | $-833.00M | $-410.00M |
| Total Stockholders Equity | $10.56B | $9.17B | $9.94B | $10.44B | $8.65B | $9.39B | $9.96B | $10.64B | $9.32B | $8.76B |
| Total Equity | $10.61B | $9.22B | $9.99B | $10.50B | $8.70B | $9.40B | $9.96B | $10.64B | $9.32B | $8.76B |
| Total Liabilities and Stockholders Equity | $16.52B | $15.31B | $15.55B | $14.82B | $12.26B | $12.25B | $12.26B | $12.85B | $11.38B | $10.62B |
| Minority Interest | $46.00M | $52.00M | $53.00M | $60.00M | $55.00M | $9.00M | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $16.52B | $15.31B | $15.55B | $14.82B | $12.26B | $12.25B | $12.26B | $12.85B | $11.38B | $10.62B |
| Total Investments | $3.20B | $2.37B | $2.68B | $1.94B | $1.16B | $1.63B | $1.86B | $2.53B | $300.00M | $370.00M |
| Total Debt | $1.00B | $1.01B | $722.00M | $627.00M | $612.00M | $- | $- | $- | $- | $- |
| Net Debt | $-771.00M | $-471.00M | $-1.58B | $-2.75B | $-1.85B | $-2.83B | $-3.04B | $-3.49B | $-4.93B | $-4.86B |
Cash Flow Statement
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 | March 31, 2019 | March 31, 2018 | March 31, 2017 | March 31, 2016 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $3.17B | $2.98B | $2.97B | $2.62B | $2.34B | $2.20B | $2.49B | $2.14B | $2.05B | $2.01B |
| Depreciation and Amortization | $565.00M | $524.00M | $466.00M | $441.00M | $407.00M | $287.00M | $289.00M | $254.00M | $222.00M | $175.00M |
| Deferred Income Tax | $1.18B | $1.14B | $1.07B | $973.00M | $757.00M | $803.00M | $657.00M | $834.00M | $799.00M | $805.00M |
| Stock Based Compensation | $79.00M | $64.00M | $56.00M | $45.00M | $34.00M | $29.00M | $13.00M | $17.00M | $1.00M | $- |
| Change in Working Capital | $-623.00M | $-804.00M | $-158.00M | $86.00M | $-272.00M | $-85.00M | $-17.00M | $-290.00M | $-344.00M | $-184.00M |
| Accounts Receivables | $-322.00M | $-875.00M | $-1.06B | $-248.00M | $-542.00M | $-411.00M | $-237.00M | $-260.00M | $-225.00M | $-240.00M |
| Inventory | $- | $3.00M | $407.00M | $229.00M | $301.00M | $147.00M | $65.00M | $-93.00M | $-199.00M | $14.00M |
| Accounts Payables | $11.00M | $-35.00M | $200.00M | $-33.00M | $-52.00M | $131.00M | $51.00M | $-3.00M | $37.00M | $-3.00M |
| Other Working Capital | $-312.00M | $103.00M | $299.00M | $138.00M | $21.00M | $48.00M | $104.00M | $66.00M | $43.00M | $45.00M |
| Other Non Cash Items | $-1.22B | $-1.06B | $-1.05B | $-910.00M | $-653.00M | $-972.00M | $-1.17B | $29.00M | $49.00M | $53.00M |
| Net Cash Provided by Operating Activities | $3.15B | $2.85B | $3.35B | $3.26B | $2.61B | $2.26B | $2.26B | $2.10B | $1.86B | $1.76B |
| Investments in Property Plant and Equipment | $-266.00M | $-319.00M | $-290.00M | $-285.00M | $-465.00M | $-349.00M | $-310.00M | $-411.00M | $-413.00M | $-367.00M |
| Acquisitions Net | $- | $-121.00M | $-7.00M | $-186.00M | $-253.00M | $-110.00M | $-9.00M | $-5.00M | $-117.00M | $-221.00M |
| Purchases of Investments | $-10.46B | $-10.67B | $-8.59B | $-6.31B | $-5.43B | $-11.75B | $-9.70B | $-8.73B | $-3.73B | $-3.91B |
| Sales Maturities of Investments | $9.92B | $10.79B | $7.79B | $5.61B | $5.82B | $11.94B | $10.45B | $6.62B | $3.80B | $4.26B |
| Other Investing Activities | $98.00M | $100.00M | $95.00M | $43.00M | $81.00M | $41.00M | $51.00M | $-21.00M | $-10.00M | $31.00M |
| Net Cash Used for Investing Activities | $-708.00M | $-218.00M | $-1.00B | $-1.13B | $-242.00M | $-225.00M | $482.00M | $-2.55B | $-474.00M | $-205.00M |
| Debt Repayment | $-245.00M | $-151.00M | $-125.00M | $-94.00M | $-80.00M | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $-1.40B | $-1.50B | $- | $-1.07B | $-118.00M | $-2.04B | $- | $- | $- |
| Dividends Paid | $-1.78B | $-1.70B | $-1.70B | $-1.23B | $-1.36B | $-1.96B | $-1.16B | $-1.03B | $-1.06B | $-815.00M |
| Other Financing Activities | $-94.00M | $-42.00M | $6.00M | $3.00M | $-4.00M | $1.00M | $1.00M | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-2.12B | $-3.29B | $-3.33B | $-1.32B | $-2.51B | $-2.07B | $-3.20B | $-1.03B | $-1.06B | $-815.00M |
| Effect of Forex Changes on Cash | $-32.00M | $-171.00M | $-90.00M | $103.00M | $-220.00M | $-184.00M | $18.00M | $34.00M | $-253.00M | $-208.00M |
| Net Change in Cash | $292.00M | $-824.00M | $-1.07B | $915.00M | $-364.00M | $-220.00M | $-440.00M | $-1.45B | $76.00M | $528.00M |
| Cash at End of Period | $1.77B | $1.48B | $2.31B | $3.38B | $2.46B | $2.83B | $3.05B | $3.49B | $4.93B | $4.86B |
| Cash at Beginning of Period | $1.48B | $2.31B | $3.38B | $2.46B | $2.83B | $3.05B | $3.49B | $4.93B | $4.86B | $4.33B |
| Operating Cash Flow | $3.15B | $2.85B | $3.35B | $3.26B | $2.61B | $2.26B | $2.26B | $2.10B | $1.86B | $1.76B |
| Capital Expenditure | $-266.00M | $-319.00M | $-290.00M | $-285.00M | $-465.00M | $-349.00M | $-310.00M | $-411.00M | $-413.00M | $-367.00M |
| Free Cash Flow | $2.88B | $2.53B | $3.06B | $2.97B | $2.15B | $1.91B | $1.95B | $1.69B | $1.45B | $1.39B |