For more information, please contact:
United States:
Greg Secord
Vice President, Investor Relations
Open Text Corporation
San Francisco: 415-963-0825
Email Contact
Canada:
Sonya Mehan
Senior Manager, Investor Relations
Open Text Corporation
Waterloo: 519-888-7111 ext. 2446
Email Contact
Copyright ©2015 Open Text Corporation. OpenText is a trademark or registered trademark of Open Text SA and/or Open Text ULC. The list of trademarks is not exhaustive of other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text SA or other respective owners. All rights reserved. For more information, visit: http://www.opentext.com/2/global/site-copyright.html_SKU.
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OPEN TEXT CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands of U.S. dollars, except share data) | |||||||
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March 31, 2015 |
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June 30, 2014 | ||||
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(unaudited) |
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ASSETS |
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Cash and cash equivalents |
$ |
613,177 |
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|
$ |
427,890 |
|
|
Short-term investments |
19,029 |
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|
— |
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Accounts receivable trade, net of allowance for doubtful accounts of $6,818 as of March 31, 2015 and $4,727 as of June 30, 2014 |
251,826 |
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|
292,929 |
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Income taxes recoverable |
20,543 |
|
|
24,648 |
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Prepaid expenses and other current assets |
53,563 |
|
|
42,053 |
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Deferred tax assets |
35,936 |
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|
28,215 |
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Total current assets |
994,074 |
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|
815,735 |
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Property and equipment |
155,129 |
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|
142,261 |
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Goodwill |
2,155,243 |
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|
1,963,557 |
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Acquired intangible assets |
730,673 |
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|
725,318 |
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Deferred tax assets |
149,570 |
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|
156,712 |
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Other assets |
84,223 |
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|
52,041 |
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Deferred charges |
41,043 |
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|
52,376 |
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Long-term income taxes recoverable |
8,587 |
|
|
10,638 |
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Total assets |
$ |
4,318,542 |
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|
$ |
3,918,638 |
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LIABILITIES AND SHAREHOLDERS' EQUITY |
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Current liabilities: |
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|
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Accounts payable and accrued liabilities |
$ |
212,397 |
|
|
$ |
231,954 |
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Current portion of long-term debt |
15,802 |
|
|
62,582 |
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Deferred revenues |
364,728 |
|
|
332,664 |
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Income taxes payable |
4,529 |
|
|
31,630 |
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|
Deferred tax liabilities |
2,220 |
|
|
1,053 |
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Total current liabilities |
599,676 |
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|
659,883 |
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Long-term liabilities: |
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|
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Accrued liabilities |
30,802 |
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|
41,999 |
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Deferred credits |
14,089 |
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|
17,529 |
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Pension liability |
64,000 |
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|
60,300 |
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Long-term debt |
1,582,000 |
|
|
1,256,750 |
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Deferred revenues |
20,042 |
|
|
17,248 |
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Long-term income taxes payable |
163,232 |
|
|
162,131 |
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Deferred tax liabilities |
65,659 |
|
|
60,631 |
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Total long-term liabilities |
1,939,824 |
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|
1,616,588 |
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Shareholders' equity: |
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Share capital |
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122,207,636 and 121,758,432 Common Shares issued and outstanding at March 31, 2015 and June 30, 2014, respectively; Authorized Common Shares: unlimited |
806,532 |
|
|
792,834 |
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Additional paid-in capital |
120,246 |
|
|
112,398 |
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Accumulated other comprehensive income |
43,720 |
|
|
39,449 |
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Retained earnings |
818,666 |
|
|
716,317 |
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Treasury stock, at cost (407,725 shares at March 31, 2015 and 763,278 at June 30, 2014, respectively) |
(10,680) |
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|
(19,132) |
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Total OpenText shareholders' equity |
1,778,484 |
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|
1,641,866 |
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Non-controlling interests |
558 |
|
|
301 |
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Total shareholders' equity |
1,779,042 |
|
|
1,642,167 |
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Total liabilities and shareholders' equity |
$ |
4,318,542 |
|
|
$ |
3,918,638 |
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