Thoughtworks Holding (TWKS) Financial Statements
Price: $4.47
Market Cap: $1.45B
Avg Volume: -
Market Cap: $1.45B
Avg Volume: -
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 Thoughtworks Holding.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $1.13B | $1.30B | $1.07B | $803.38M | $772.19M |
| Cost of Revenue | $772.80M | $950.30M | $689.44M | $475.56M | $476.63M |
| Gross Profit | $354.02M | $345.93M | $380.50M | $327.81M | $295.56M |
| Gross Profit Ratio | 31.40% | 26.69% | 35.60% | 40.80% | 38.28% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $326.83M | $368.66M | $341.49M | $188.60M | $202.09M |
| Selling and Marketing Expenses | $5.00M | $4.10M | $2.30M | $900.00K | $1.80M |
| Selling General and Administrative Expenses | $331.83M | $372.76M | $343.79M | $189.50M | $203.89M |
| Other Expenses | $42.50M | $20.48M | $17.60M | $17.48M | $15.78M |
| Operating Expenses | $374.33M | $393.25M | $361.38M | $206.98M | $219.66M |
| Cost and Expenses | $1.15B | $1.34B | $1.05B | $682.54M | $696.29M |
| Interest Income | $- | $23.36M | $25.46M | $25.77M | $26.43M |
| Interest Expense | $26.24M | $22.46M | $25.46M | $25.77M | $26.43M |
| Depreciation and Amortization | $36.45M | $53.04M | $29.53M | $26.53M | $23.27M |
| EBITDA | $19.56M | $936.00K | $71.15M | $154.74M | $97.53M |
| EBITDA Ratio | 1.74% | 0.00% | 4.39% | 18.37% | 12.86% |
| Operating Income | $-20.31M | $-47.31M | $19.12M | $120.84M | $75.90M |
| Operating Income Ratio | -1.80% | -3.65% | 1.79% | 15.04% | 9.83% |
| Total Other Income Expenses Net | $-22.82M | $-27.26M | $-32.60M | $-18.41M | $-28.06M |
| Income Before Tax | $-43.13M | $-74.57M | $-13.47M | $102.45M | $47.84M |
| Income Before Tax Ratio | -3.83% | -5.75% | -1.26% | 12.75% | 6.19% |
| Income Tax Expense | $25.53M | $30.82M | $10.15M | $23.16M | $19.42M |
| Net Income | $-68.66M | $-105.39M | $-23.62M | $78.97M | $28.42M |
| Net Income Ratio | -6.09% | -8.13% | -2.21% | 9.83% | 3.68% |
| EPS | $-0.22 | $-0.34 | $-0.09 | $0.24 | $0.09 |
| EPS Diluted | $-0.22 | $-0.34 | $-0.09 | $0.24 | $0.09 |
| Weighted Average Shares Outstanding | 317.72M | 310.91M | 254.27M | 305.08M | 305.08M |
| Weighted Average Shares Outstanding Diluted | 317.72M | 310.91M | 254.27M | 305.08M | 305.08M |
| SEC Filing | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $100.31M | $194.29M | $368.21M | $490.84M | $55.97M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $100.31M | $194.29M | $368.21M | $490.84M | $55.97M |
| Net Receivables | $283.09M | $324.19M | $249.93M | $201.52M | $190.29M |
| Inventory | $- | $19.35M | $15.99M | $1 | $- |
| Other Current Assets | $44.96M | $38.20M | $60.80M | $19.40M | $16.88M |
| Total Current Assets | $428.36M | $556.69M | $678.94M | $711.77M | $263.14M |
| Property Plant Equipment Net | $67.82M | $81.92M | $34.50M | $26.35M | $28.22M |
| Goodwill | $424.56M | $405.02M | $346.72M | $318.15M | $314.04M |
| Intangible Assets | $387.19M | $397.05M | $398.87M | $402.06M | $409.57M |
| Goodwill and Intangible Assets | $811.75M | $802.06M | $745.59M | $720.21M | $723.61M |
| Long Term Investments | $- | $1.27M | $1.25M | $1.36M | $1.18M |
| Tax Assets | $- | $-1.27M | $-1.25M | $-1.36M | $-1.18M |
| Other Non-Current Assets | $19.31M | $21.18M | $25.12M | $16.90M | $13.68M |
| Total Non-Current Assets | $898.88M | $905.16M | $805.21M | $763.46M | $765.50M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $1.33B | $1.46B | $1.48B | $1.48B | $1.03B |
| Account Payables | $2.77M | $5.25M | $4.77M | $4.35M | $5.07M |
| Short Term Debt | $37.75M | $23.14M | $7.41M | $4.99M | $7.92M |
| Tax Payables | $9.93M | $30.31M | $23.65M | $26.56M | $15.17M |
| Deferred Revenue | $18.09M | $5.17M | $13.81M | $11.72M | $9.27M |
| Other Current Liabilities | $90.74M | $115.70M | $131.15M | $70.53M | $51.52M |
| Total Current Liabilities | $159.28M | $179.57M | $180.53M | $118.16M | $88.96M |
| Long Term Debt | $315.83M | $421.74M | $497.38M | $112.39M | $437.94M |
| Deferred Revenue Non-Current | $- | $- | $- | $322.80M | $- |
| Deferred Tax Liabilities Non-Current | $54.91M | $62.55M | $78.94M | $98.31M | $93.28M |
| Other Non-Current Liabilities | $24.09M | $19.76M | $18.80M | $-306.75M | $13.48M |
| Total Non-Current Liabilities | $394.83M | $504.06M | $595.13M | $872.35M | $544.70M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $554.11M | $683.63M | $775.66M | $990.51M | $633.66M |
| Preferred Stock | $- | $- | $- | $322.80M | $- |
| Common Stock | $373.00K | $366.00K | $356.00K | $6.00K | $6.00K |
| Retained Earnings | $-193.58M | $-123.51M | $-42.21M | $106.46M | $27.18M |
| Accumulated Other Comprehensive Income Loss | $-38.17M | $-39.21M | $-10.86M | $-1.59M | $-10.07M |
| Other Total Stockholders Equity | $1.00B | $940.58M | $729.73M | $-265.49M | $377.87M |
| Total Stockholders Equity | $773.13M | $778.22M | $708.49M | $484.71M | $394.99M |
| Total Equity | $773.13M | $778.22M | $708.49M | $484.71M | $394.99M |
| Total Liabilities and Stockholders Equity | $1.33B | $1.46B | $1.48B | $1.48B | $1.03B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.33B | $1.46B | $1.48B | $1.48B | $1.03B |
| Total Investments | $1.35M | $1.27M | $1.25M | $1.36M | $1.18M |
| Total Debt | $338.28M | $444.88M | $504.53M | $439.97M | $444.18M |
| Net Debt | $237.97M | $250.59M | $136.32M | $-50.87M | $388.21M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-68.66M | $-105.39M | $-23.62M | $79.28M | $28.42M |
| Depreciation and Amortization | $36.45M | $34.45M | $29.53M | $26.53M | $23.27M |
| Deferred Income Tax | $-8.35M | $-19.43M | $-25.83M | $3.71M | $4.17M |
| Stock Based Compensation | $65.03M | $250.50M | $127.71M | $2.02M | $1.95M |
| Change in Working Capital | $143.00K | $-104.75M | $-27.20M | $9.94M | $-34.86M |
| Accounts Receivables | $40.24M | $-61.88M | $-32.14M | $3.98M | $-26.24M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $-2.60M | $144.00K | $309.00K | $-700.00K | $-27.00K |
| Other Working Capital | $-37.50M | $-43.02M | $4.63M | $6.67M | $-8.59M |
| Other Non Cash Items | $24.46M | $34.01M | $8.06M | $4.17M | $6.33M |
| Net Cash Provided by Operating Activities | $49.06M | $89.39M | $118.30M | $125.30M | $29.27M |
| Investments in Property Plant and Equipment | $-8.95M | $-24.50M | $-26.07M | $-15.12M | $-18.70M |
| Acquisitions Net | $-15.99M | $-70.01M | $-44.76M | $132.00K | $99.00K |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $351.00K | $571.00K | $518.00K | $132.00K | $99.00K |
| Net Cash Used for Investing Activities | $-24.59M | $-93.94M | $-70.31M | $-14.99M | $-18.60M |
| Debt Repayment | $-107.15M | $-107.15M | $64.58M | $-4.57M | $180.90M |
| Common Stock Issued | $- | $6.77M | $818.96M | $323.10M | $- |
| Common Stock Repurchased | $- | $-45.64M | $-701.96M | $- | $-1.04M |
| Dividends Paid | $- | $-10.01M | $-315.00M | $- | $-189.00M |
| Other Financing Activities | $-19.63M | $-57.97M | $496.02M | $322.76M | $2.58M |
| Net Cash Used Provided by Financing Activities | $-120.22M | $-175.12M | $-140.63M | $318.20M | $-6.56M |
| Effect of Forex Changes on Cash | $1.84M | $-19.70M | $-4.62M | $6.54M | $944.00K |
| Net Change in Cash | $-93.90M | $-199.38M | $-97.26M | $435.04M | $5.05M |
| Cash at End of Period | $101.66M | $195.56M | $394.94M | $492.20M | $57.16M |
| Cash at Beginning of Period | $195.56M | $394.94M | $492.20M | $57.16M | $52.10M |
| Operating Cash Flow | $49.06M | $89.39M | $118.30M | $125.30M | $29.27M |
| Capital Expenditure | $-8.95M | $-24.50M | $-26.07M | $-15.12M | $-18.70M |
| Free Cash Flow | $40.11M | $64.88M | $92.24M | $110.17M | $10.57M |