Kyndryl Holdings (KD) Financial Statements
Price: $34.57
Market Cap: $8.04B
Avg Volume: 2.27M
Market Cap: $8.04B
Avg Volume: 2.27M
Country: US
Industry: Information Technology Services
Sector: Technology
Industry: Information Technology Services
Sector: Technology
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 Kyndryl Holdings.
Income Statement
| Breakdown | March 31, 2024 | March 31, 2023 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|
| Revenue | $16.05B | $17.03B | $18.66B | $19.35B | $20.28B | $21.80B |
| Cost of Revenue | $13.19B | $14.50B | $16.55B | $17.14B | $17.68B | $19.24B |
| Gross Profit | $2.86B | $2.53B | $2.11B | $2.21B | $2.60B | $2.56B |
| Gross Profit Ratio | 17.84% | 14.80% | 11.29% | 11.40% | 12.81% | 11.74% |
| Research and Development Expenses | $58.00M | $- | $- | $76.00M | $83.00M | $69.00M |
| General and Administrative Expenses | $2.65B | $2.91B | $2.78B | $3.81B | $3.13B | $3.04B |
| Selling and Marketing Expenses | $115.00M | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $2.77B | $2.91B | $2.78B | $3.81B | $3.13B | $3.04B |
| Other Expenses | $- | $-35.00M | $-35.00M | $-25.00M | $-83.00M | $7.00M |
| Operating Expenses | $2.77B | $2.91B | $2.78B | $3.89B | $3.13B | $3.11B |
| Cost and Expenses | $15.94B | $17.41B | $19.33B | $21.03B | $20.81B | $22.35B |
| Interest Income | $- | $- | $- | $- | $- | $- |
| Interest Expense | $122.00M | $94.00M | $64.00M | $63.00M | $76.00M | $85.00M |
| Depreciation and Amortization | $1.18B | $1.37B | $1.66B | $1.90B | $1.93B | $1.52B |
| EBITDA | $1.14B | $952.00M | $960.00M | $195.00M | $1.42B | $980.00M |
| EBITDA Ratio | 7.08% | 5.59% | 5.15% | 1.01% | 7.02% | 4.50% |
| Operating Income | $116.00M | $-422.00M | $-704.00M | $-1.70B | $-503.00M | $-545.00M |
| Operating Income Ratio | 0.72% | -2.48% | -3.77% | -8.80% | -2.48% | -2.50% |
| Total Other Income Expenses Net | $-284.00M | $-370.00M | $-1.20B | $-63.00M | $-76.00M | $-85.00M |
| Income Before Tax | $-168.00M | $-851.00M | $-1.90B | $-1.77B | $-579.00M | $-630.00M |
| Income Before Tax Ratio | -1.05% | -5.00% | -10.20% | -9.13% | -2.86% | -2.89% |
| Income Tax Expense | $172.00M | $524.00M | $402.00M | $246.00M | $364.00M | $350.00M |
| Net Income | $-340.00M | $-1.37B | $-2.31B | $-2.01B | $-943.00M | $-980.00M |
| Net Income Ratio | -2.12% | -8.07% | -12.35% | -10.40% | -4.65% | -4.50% |
| EPS | $-1.48 | $-6.06 | $-10.29 | $-8.99 | $-4.21 | $-4.38 |
| EPS Diluted | $-1.48 | $-6.06 | $-10.29 | $-8.99 | $-4.21 | $-4.38 |
| Weighted Average Shares Outstanding | 229.20M | 226.70M | 224.10M | 223.92M | 223.92M | 223.92M |
| Weighted Average Shares Outstanding Diluted | 229.20M | 226.70M | 224.10M | 223.92M | 223.92M | 223.92M |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | March 31, 2024 | March 31, 2023 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.55B | $1.85B | $2.22B | $24.00M | $36.00M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.55B | $1.85B | $2.22B | $24.00M | $36.00M |
| Net Receivables | $1.60B | $1.52B | $2.28B | $1.44B | $1.79B |
| Inventory | $- | $1.08B | $1.27B | $1.38B | $1.15B |
| Other Current Assets | $1.59B | $511.00M | $1.00M | $-1.00M | $178.00M |
| Total Current Assets | $4.75B | $4.96B | $5.78B | $2.84B | $3.15B |
| Property Plant Equipment Net | $3.54B | $3.74B | $4.28B | $5.12B | $5.34B |
| Goodwill | $805.00M | $812.00M | $732.00M | $1.23B | $1.16B |
| Intangible Assets | $188.00M | $171.00M | $36.00M | $59.00M | $89.00M |
| Goodwill and Intangible Assets | $993.00M | $983.00M | $768.00M | $1.29B | $1.25B |
| Long Term Investments | $- | $1.26B | $1.32B | $1.44B | $1.56B |
| Tax Assets | $220.00M | $248.00M | $675.00M | $424.00M | $349.00M |
| Other Non-Current Assets | $1.09B | $267.00M | $385.00M | $86.00M | $90.00M |
| Total Non-Current Assets | $5.84B | $6.50B | $7.43B | $8.36B | $8.59B |
| Other Assets | $- | $-1.00M | $1.00M | $1.00M | $-1.00M |
| Total Assets | $10.59B | $11.46B | $13.21B | $11.21B | $11.74B |
| Account Payables | $1.41B | $1.77B | $1.14B | $919.00M | $826.00M |
| Short Term Debt | $791.00M | $426.00M | $465.00M | $402.00M | $370.00M |
| Tax Payables | $327.00M | $347.00M | $357.00M | $- | $- |
| Deferred Revenue | $825.00M | $820.00M | $872.00M | $854.00M | $896.00M |
| Other Current Liabilities | $1.24B | $-273.00M | $483.00M | $816.00M | $490.00M |
| Total Current Liabilities | $4.59B | $4.87B | $4.46B | $3.91B | $3.41B |
| Long Term Debt | $3.73B | $3.82B | $4.13B | $990.00M | $990.00M |
| Deferred Revenue Non-Current | $314.00M | $362.00M | $475.00M | $543.00M | $615.00M |
| Deferred Tax Liabilities Non-Current | $145.00M | $183.00M | $135.00M | $78.00M | $80.00M |
| Other Non-Current Liabilities | $686.00M | $771.00M | $1.24B | $754.00M | $703.00M |
| Total Non-Current Liabilities | $4.88B | $5.13B | $5.99B | $2.37B | $2.39B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $9.47B | $10.00B | $10.45B | $6.28B | $5.80B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $4.52B | $4.43B | $4.28B | $5.97B | $7.11B |
| Retained Earnings | $-2.32B | $-1.98B | $-375.00M | $- | $- |
| Accumulated Other Comprehensive Income Loss | $-1.15B | $-1.06B | $-1.14B | $-1.10B | $-1.22B |
| Other Total Stockholders Equity | $-45.00M | $-23.00M | $-1.00M | $- | $- |
| Total Stockholders Equity | $1.01B | $1.36B | $2.77B | $4.87B | $5.89B |
| Total Equity | $1.12B | $1.46B | $2.77B | $4.93B | $5.95B |
| Total Liabilities and Stockholders Equity | $10.59B | $11.46B | $13.21B | $11.21B | $11.74B |
| Minority Interest | $107.00M | $97.00M | $3.00M | $58.00M | $56.00M |
| Total Liabilities and Total Equity | $10.59B | $11.46B | $13.21B | $11.21B | $11.74B |
| Total Investments | $- | $1.26B | $1.32B | $1.44B | $1.56B |
| Total Debt | $4.14B | $4.24B | $4.60B | $1.39B | $1.36B |
| Net Debt | $2.59B | $2.40B | $2.38B | $1.37B | $1.32B |
Cash Flow Statement
| Breakdown | March 31, 2024 | March 31, 2023 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|
| Net Income | $-340.00M | $-1.37B | $-2.30B | $-2.01B | $-943.00M | $-980.00M |
| Depreciation and Amortization | $1.18B | $1.37B | $1.66B | $1.90B | $1.93B | $1.52B |
| Deferred Income Tax | $-13.00M | $285.00M | $-401.00M | $-52.00M | $-33.00M | $40.00M |
| Stock Based Compensation | $95.00M | $113.00M | $71.00M | $64.00M | $51.00M | $57.00M |
| Change in Working Capital | $-2.30B | $-1.29B | $-1.47B | $-1.33B | $-1.98B | $-1.99B |
| Accounts Receivables | $11.00M | $664.00M | $-1.08B | $- | $- | $- |
| Inventory | $- | $41.00M | $-341.00M | $- | $- | $- |
| Accounts Payables | $-305.00M | $282.00M | $125.00M | $70.00M | $33.00M | $-29.00M |
| Other Working Capital | $-2.01B | $-2.28B | $-176.00M | $-1.40B | $-2.01B | $-1.96B |
| Other Non Cash Items | $1.83B | $1.67B | $2.32B | $2.06B | $2.11B | $2.02B |
| Net Cash Provided by Operating Activities | $454.00M | $781.00M | $-119.00M | $628.00M | $1.13B | $674.00M |
| Investments in Property Plant and Equipment | $-651.00M | $-865.00M | $-752.00M | $-1.04B | $-1.19B | $-1.56B |
| Acquisitions Net | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $98.00M | $30.00M | $180.00M | $83.00M | $62.00M | $112.00M |
| Net Cash Used for Investing Activities | $-553.00M | $-835.00M | $-572.00M | $-953.00M | $-1.13B | $-1.45B |
| Debt Repayment | $-150.00M | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-22.00M | $-19.00M | $-1.00M | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $2.00M | $-4.00M | $3.01B | $378.00M | $18.00M | $791.00M |
| Net Cash Used Provided by Financing Activities | $-170.00M | $-141.00M | $2.92B | $312.00M | $-1.00M | $791.00M |
| Effect of Forex Changes on Cash | $-37.00M | $-100.00M | $-22.00M | $1.00M | $-1.00M | $-5.00M |
| Net Change in Cash | $-306.00M | $-294.00M | $2.20B | $-12.00M | $4.00M | $10.00M |
| Cash at End of Period | $1.55B | $1.86B | $2.24B | $38.00M | $50.00M | $46.00M |
| Cash at Beginning of Period | $1.86B | $2.15B | $38.00M | $50.00M | $46.00M | $36.00M |
| Operating Cash Flow | $454.00M | $781.00M | $-119.00M | $628.00M | $1.13B | $674.00M |
| Capital Expenditure | $-651.00M | $-865.00M | $-752.00M | $-1.04B | $-1.19B | $-1.56B |
| Free Cash Flow | $-197.00M | $-84.00M | $-871.00M | $-408.00M | $-56.00M | $-889.00M |