OpenText Reports Second Quarter Fiscal Year 2018 Financial Results

For more information, please contact:

Greg Secord
Vice President, Investor Relations
Open Text Corporation
415-963-0825
Email Contact

OTEX-F

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OPEN TEXT CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars, except share data)

 
 

December 31, 2017

 

June 30, 2017

ASSETS

(unaudited)

   

Cash and cash equivalents

$

476,014

   

$

443,357

 

Accounts receivable trade, net of allowance for doubtful accounts of $8,503 as of December 31, 2017 and $6,319 as of June 30, 2017

511,969

   

445,812

 

Income taxes recoverable

23,861

   

32,683

 

Prepaid expenses and other current assets

101,063

   

81,625

 

Total current assets

1,112,907

   

1,003,477

 

Property and equipment

260,896

   

227,418

 

Goodwill

3,578,976

   

3,416,749

 

Acquired intangible assets

1,468,378

   

1,472,542

 

Deferred tax assets

1,158,836

   

1,215,712

 

Other assets

96,612

   

93,763

 

Deferred charges

39,204

   

42,344

 

Long-term income taxes recoverable

23,412

   

8,557

 

Total assets

$

7,739,221

   

$

7,480,562

 

LIABILITIES AND SHAREHOLDERS' EQUITY

     

Current liabilities:

     

Accounts payable and accrued liabilities

$

318,008

   

$

342,120

 

Current portion of long-term debt

382,760

   

182,760

 

Deferred revenues

557,873

   

570,328

 

Income taxes payable

30,084

   

31,835

 

Total current liabilities

1,288,725

   

1,127,043

 

Long-term liabilities:

     

Accrued liabilities

47,379

   

50,338

 

Deferred credits

4,005

   

5,283

 

Pension liability

62,213

   

58,627

 

Long-term debt

2,385,709

   

2,387,057

 

Deferred revenues

68,934

   

61,678

 

Long-term income taxes payable

176,222

   

162,493

 

Deferred tax liabilities

77,182

   

94,724

 

Total long-term liabilities

2,821,644

   

2,820,200

 

Shareholders' equity:

     

Share capital and additional paid-in capital

     

265,625,515 and 264,059,567 Common Shares issued and outstanding at December 31, 2017 and June 30, 2017, respectively; authorized Common Shares: unlimited

1,650,217

   

1,613,454

 

Accumulated other comprehensive income

47,521

   

48,800

 

Retained earnings

1,949,503

   

1,897,624

 

Treasury stock, at cost (714,169 shares at December 31, 2017 and 1,101,612 at June 30, 2017, respectively)

(19,250)

   

(27,520)

 

Total OpenText shareholders' equity

3,627,991

   

3,532,358

 

Non-controlling interests

861

   

961

 

Total shareholders' equity

3,628,852

   

3,533,319

 

Total liabilities and shareholders' equity

$

7,739,221

   

$

7,480,562

 

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