Cash flow Thoughtworks Holding, Inc.

Equities

TWKS

US88546E1055

IT Services & Consulting

Market Closed - Nasdaq Other stock markets 21:00:00 12/11/2024 GMT			5-day change	1st Jan Change
4.470 ^USD	-0.45%		-.--%	-

01-20	Thoughtworks Announces the Launch of AI/works	CI
10/09/25	Thoughtworks Joins Agile4Vets to Transform Veteran Healthcare Services	CI

78037c1413c721e39bd495bd71122e.3YK9JiMv0NFEJr-UfbQWx_YIPQ2HDuD0X-KrdX_pIsw.sbb8C2x5l7Yxa9H9DPZQtbpZEEnIOJSZGc-YD0mDQKK404l8Tx2htQ5q9g

Published financial data: THOUGHTWORKS HOLDING, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	772M	803M	1.07B	1.3B	1.13B
Total Revenues	772M	803M	1.07B	1.3B	1.13B
Cost of Goods Sold, Total	477M	476M	689M	950M	773M
Gross Profit	296M	328M	381M	346M	354M
Selling General & Admin Expenses, Total	204M	189M	333M	369M	327M
Depreciation & Amortization - (IS)	15.78M	17.48M	17.6M	20.48M	23.55M
Other Operating Expenses, Total	220M	207M	351M	390M	351M
Operating Income	75.9M	121M	29.63M	-43.91M	3.23M
Interest Expense, Total	-26.43M	-25.77M	-27.56M	-23.36M	-26.24M
Net Interest Expenses	-26.43M	-25.77M	-27.56M	-23.36M	-26.24M
Currency Exchange Gains (Loss)	-1.75M	7.19M	-5.46M	-5.4M	3.88M
Other Non Operating Income (Expenses)	117K	185K	-	-	-
EBT, Excl. Unusual Items	47.84M	102M	-3.39M	-72.68M	-19.13M
Restructuring Charges	-	-	-	-	-18.94M
Merger & Related Restructuring Charges	-	-	-8.52M	-3.4M	-4.6M
Gain (Loss) On Sale Of Assets	-	-	429K	2.54M	-326K
Other Unusual Items	-	-	-1.99M	-1.03M	-129K
EBT, Incl. Unusual Items	47.84M	102M	-13.48M	-74.57M	-43.13M
Income Tax Expense	19.42M	23.16M	10.15M	30.82M	25.53M
Earnings From Continuing Operations	28.42M	79.28M	-23.62M	-105M	-68.66M
Net Income to Company	28.42M	79.28M	-23.62M	-105M	-68.66M
Net Income - (IS)	28.42M	79.28M	-23.62M	-105M	-68.66M
Preferred Dividend and Other Adjustments	-	6.17M	59.64M	-	-
Net Income to Common Incl Extra Items	28.42M	73.11M	-83.26M	-105M	-68.66M
Net Income to Common Excl. Extra Items	28.42M	73.11M	-83.26M	-105M	-68.66M
Per Share Items
Net EPS - Basic	0.1	0.26	-0.33	-0.34	-0.22
Basic EPS - Continuing Operations	0.1	0.26	-0.33	-0.34	-0.22
Basic Weighted Average Shares Outstanding	278M	278M	254M	311M	318M
Net EPS - Diluted	0.1	0.26	-0.33	-0.34	-0.22
Diluted EPS - Continuing Operations	0.1	0.26	-0.33	-0.34	-0.22
Diluted Weighted Average Shares Outstanding	282M	285M	254M	311M	318M
Normalized Basic EPS	0.11	0.23	-0.01	-0.15	-0.04
Normalized Diluted EPS	0.11	0.22	-0.01	-0.15	-0.04
Payout Ratio	665.02	-	-1.33K	-	-
Supplemental Items
EBITDA	97.67M	144M	56.96M	-14.17M	33.88M
EBITA	86.5M	131M	41.63M	-30.77M	17.78M
EBIT	75.9M	121M	29.63M	-43.91M	3.23M
EBITDAR	116M	162M	76.36M	9.17M	59.8M
Effective Tax Rate - (Ratio)	40.59	22.61	-75.31	-41.34	-59.2
Current Domestic Taxes	2.42M	1.81M	14.91M	42M	9.75M
Current Foreign Taxes	12.83M	17.65M	24.2M	8.24M	24.14M
Total Current Taxes	15.25M	19.46M	39.11M	50.25M	33.88M
Deferred Domestic Taxes	6.55M	8.05M	-13.93M	-18.61M	-5.15M
Deferred Foreign Taxes	-2.38M	-4.34M	-15.04M	-818K	-3.2M
Total Deferred Taxes	4.16M	3.71M	-28.96M	-19.42M	-8.35M
Normalized Net Income	29.9M	64.03M	-2.12M	-45.42M	-11.96M
Interest on Long-Term Debt	26.43M	25.77M	25.46M	22.46M	26.24M
Supplemental Operating Expense Items
Advertising Expense	1.8M	900K	2.3M	4.1M	5M
Selling and Marketing Expenses	1.8M	900K	2.3M	4.1M	5M
Net Rental Expense, Total	18M	18.6M	19.4M	23.34M	25.92M
Imputed Operating Lease Interest Expense	-	8.69M	9.06M	9.19M	13.9M
Imputed Operating Lease Depreciation	-	9.91M	10.34M	14.15M	12.03M
Stock-Based Comp., COGS (Total)	-	-	80.44M	176M	38.98M
Stock-Based Comp., SG&A Exp. (Total)	-	-	77.51M	73.87M	25.85M
Stock-Based Comp., Other (Total)	1.95M	1.67M	-	590K	197K
Total Stock-Based Compensation	1.95M	1.67M	158M	251M	65.03M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	55.97M	491M	368M	194M	100M
Total Cash And Short Term Investments	55.97M	491M	368M	194M	100M
Accounts Receivable, Total	190M	202M	250M	324M	283M
Total Receivables	190M	202M	250M	324M	283M
Prepaid Expenses	16.88M	19.4M	15.99M	19.35M	19.69M
Restricted Cash	-	-	25.48M	-	-
Other Current Assets, Total	-	-	19.33M	18.85M	25.27M
Total Current Assets	263M	712M	679M	557M	428M
Gross Property Plant And Equipment	46.76M	61.25M	79.85M	137M	140M
Accumulated Depreciation	-18.55M	-34.9M	-45.35M	-55.48M	-72.65M
Net Property Plant And Equipment	28.22M	26.35M	34.5M	81.92M	67.82M
Goodwill	314M	318M	347M	405M	425M
Other Intangibles, Total	410M	402M	399M	397M	387M
Other Long-Term Assets, Total	13.68M	16.9M	25.12M	21.18M	19.31M
Total Assets	1.03B	1.48B	1.48B	1.46B	1.33B
Liabilities
Accounts Payable, Total	5.07M	4.35M	4.77M	5.25M	2.77M
Accrued Expenses, Total	64.66M	86.49M	113M	109M	107M
Current Portion of Long-Term Debt	4.56M	4.56M	7.15M	7.15M	7.15M
Current Portion of Leases	-	-	-	15.99M	15.3M
Current Income Taxes Payable	5.4M	11.03M	15.69M	22.78M	5.11M
Unearned Revenue Current, Total	9.27M	11.72M	13.81M	5.17M	18.09M
Other Current Liabilities	-	-	26.08M	14.3M	3.5M
Total Current Liabilities	88.96M	118M	181M	180M	159M
Long-Term Debt	438M	435M	497M	392M	286M
Long-Term Leases	-	-	-	29.88M	29.79M
Deferred Tax Liability Non Current	93.28M	98.31M	78.94M	62.56M	54.91M
Other Non Current Liabilities	13.48M	16.05M	18.8M	19.76M	24.09M
Total Liabilities	634M	668M	776M	684M	554M
Preferred Stock Convertible	-	323M	-	-	-
Total Preferred Equity	-	323M	-	-	-
Common Stock, Total	6K	6K	356K	366K	373K
Additional Paid In Capital	379M	381M	1.39B	1.57B	1.63B
Retained Earnings	27.18M	106M	-42.21M	-124M	-194M
Treasury Stock	-1.61M	-1.61M	-629M	-625M	-623M
Comprehensive Income and Other	-10.07M	-1.59M	-10.86M	-39.21M	-38.17M
Total Common Equity	395M	485M	708M	778M	773M
Total Equity	395M	808M	708M	778M	773M
Total Liabilities And Equity	1.03B	1.48B	1.48B	1.46B	1.33B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	278M	278M	305M	317M	323M
ECS Total Common Shares Outstanding	278M	278M	305M	316M	322M
Book Value / Share	1.42	1.74	2.32	2.47	2.4
Tangible Book Value	-329M	-235M	-37.1M	-23.84M	-38.62M
Tangible Book Value Per Share	-1.18	-0.85	-0.12	-0.08	-0.12
Total Debt	443M	440M	505M	445M	338M
Net Debt	387M	-51.08M	136M	251M	238M
Debt Equivalent Oper. Leases	144M	149M	155M	187M	207M
Account Code - Inventory Valuation	-	3	3	3	3
Machinery, Total	27.35M	34.34M	45.85M	52.87M	52.22M
Full Time Employees	-	9K	10.6K	12.5K	10.85K
Accumulated Allowance for Doubtful Accounts (Supple)	2.73M	10.38M	8.92M	9.53M	9.55M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	28.42M	79.28M	-23.62M	-105M	-68.66M
Depreciation & Amortization - CF	11.17M	12.53M	15.33M	16.6M	16.1M
Amortization of Goodwill and Intangible Assets - (CF)	10.6M	10.5M	12M	13.14M	14.55M
Depreciation & Amortization, Total	21.77M	23.03M	27.33M	29.75M	30.65M
Amortization of Deferred Charges, Total - (CF)	1.5M	3.5M	2.2M	4.7M	5.8M
Stock-Based Compensation (CF)	1.95M	1.67M	157M	251M	65.03M
Provision and Write-off of Bad Debts	3.76M	7.68M	-601K	2M	4.61M
Other Operating Activities, Total	6.73M	189K	-17.16M	12.58M	11.5M
Change In Accounts Receivable	-45.68M	-12.82M	-48.87M	-82.59M	40.24M
Change In Accounts Payable	-27K	-700K	309K	144K	-2.6M
Change in Other Net Operating Assets	10.84M	23.46M	21.37M	-22.3M	-37.5M
Cash from Operations	29.27M	125M	118M	89.39M	49.06M
Capital Expenditure	-18.7M	-15.12M	-26.07M	-24.5M	-8.95M
Sale of Property, Plant, and Equipment	99K	132K	518K	571K	351K
Cash Acquisitions	-	-	-44.76M	-70.01M	-15.99M
Cash from Investing	-18.6M	-14.99M	-70.31M	-93.94M	-24.59M
Short Term Debt Issued, Total	-	29M	-	-	-
Long-Term Debt Issued, Total	185M	-	401M	-	-
Total Debt Issued	185M	29M	401M	-	-
Short Term Debt Repaid, Total	-	-29M	-	-	-
Long-Term Debt Repaid, Total	-4.1M	-4.56M	-337M	-107M	-107M
Total Debt Repaid	-4.1M	-33.56M	-337M	-107M	-107M
Issuance of Common Stock	3.94M	296K	317M	6.77M	6.56M
Repurchase of Common Stock	-1.04M	-	-703M	-45.64M	-5.62M
Issuance of Preferred Stock	-	330M	506M	-	-
Common Dividends Paid	-189M	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-315M	-	-
Common & Preferred Stock Dividends Paid	-189M	-	-315M	-	-
Other Financing Activities, Total	-1.36M	-7.53M	-10M	-29.1M	-14.01M
Cash from Financing	-6.56M	318M	-141M	-175M	-120M
Foreign Exchange Rate Adjustments	944K	6.54M	-4.62M	-19.7M	1.84M
Net Change in Cash	5.05M	435M	-97.26M	-199M	-93.9M
Supplemental Items
Cash Interest Paid	24.63M	23.86M	23.61M	20.98M	24.82M
Cash Income Tax Paid (Refund)	8.2M	13.91M	33.34M	30.28M	50.25M
Levered Free Cash Flow	-	87.93M	133M	150M	92.89M
Unlevered Free Cash Flow	-	104M	150M	164M	109M
Change In Net Working Capital	-	-15.44M	30.02M	68.62M	-14.75M
Net Debt Issued / Repaid	181M	-4.56M	64.58M	-107M	-107M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	6.03	1.25	-1.86	0.14
Return on Total Capital	-	7.25	1.51	-2.26	0.17
Return On Equity %	-	13.19	-3.12	-14.24	-8.85
Return on Common Equity	-	16.62	-13.96	-14.24	-8.85
Margin Analysis
Gross Profit Margin %	38.28	40.8	35.56	26.69	31.42
SG&A Margin	26.4	23.59	31.15	28.49	29.04
EBITDA Margin %	12.65	17.91	5.32	-1.09	3.01
EBITA Margin %	11.2	16.35	3.89	-2.37	1.58
EBIT Margin %	9.83	15.04	2.77	-3.39	0.29
Income From Continuing Operations Margin %	3.68	9.87	-2.21	-8.13	-6.09
Net Income Margin %	3.68	9.87	-2.21	-8.13	-6.09
Net Avail. For Common Margin %	3.68	9.1	-7.78	-8.13	-6.09
Normalized Net Income Margin	3.87	7.97	-0.2	-3.5	-1.06
Levered Free Cash Flow Margin	-	10.95	12.4	11.56	8.24
Unlevered Free Cash Flow Margin	-	12.95	14.01	12.68	9.7
Asset Turnover
Asset Turnover	-	0.64	0.72	0.88	0.81
Fixed Assets Turnover	-	29.45	35.17	22.27	15.05
Receivables Turnover (Average Receivables)	-	4.1	4.74	4.52	3.71
Short Term Liquidity
Current Ratio	2.96	6.02	3.76	3.1	2.69
Quick Ratio	2.77	5.86	3.42	2.89	2.41
Operating Cash Flow to Current Liabilities	0.33	1.06	0.66	0.5	0.31
Days Sales Outstanding (Average Receivables)	-	89.25	77	80.83	98.36
Average Days Payable Outstanding	-	3.63	2.41	1.92	1.89
Long Term Solvency
Total Debt/Equity	112.03	54.46	71.21	57.17	43.75
Total Debt / Total Capital	52.84	35.26	41.59	36.37	30.44
LT Debt/Equity	110.87	53.89	70.2	54.19	40.85
Long-Term Debt / Total Capital	52.29	34.89	41	34.48	28.42
Total Liabilities / Total Assets	61.6	45.26	52.26	46.76	41.75
EBIT / Interest Expense	2.87	4.69	1.08	-1.88	0.12
EBITDA / Interest Expense	3.7	5.58	2.07	0.39	2.28
(EBITDA - Capex) / Interest Expense	2.99	5	1.12	-0.66	1.94
Total Debt / EBITDA	4.53	3.06	8.86	48.49	5.66
Net Debt / EBITDA	3.96	-0.36	2.39	27.32	3.98
Total Debt / (EBITDA - Capex)	5.6	3.42	16.33	-29.02	6.65
Net Debt / (EBITDA - Capex)	4.89	-0.4	4.41	-16.35	4.68
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	4.04	33.18	21.15	-13.07
Gross Profit, 1 Yr. Growth %	-	10.91	16.07	-13.57	2.34
EBITDA, 1 Yr. Growth %	-	47.31	-60.6	-118.62	-292.88
EBITA, 1 Yr. Growth %	-	51.84	-68.47	-150.6	-152.04
EBIT, 1 Yr. Growth %	-	59.21	-75.62	-190.06	-106.83
Earnings From Cont. Operations, 1 Yr. Growth %	-	178.97	-129.8	18.23K	-34.85
Net Income, 1 Yr. Growth %	-	178.97	-129.8	18.23K	-34.85
Normalized Net Income, 1 Yr. Growth %	-	114.16	-103.29	-549.6	-74.85
Diluted EPS Before Extra, 1 Yr. Growth %	-	154.61	-226.92	41.67	-35.29
Accounts Receivable, 1 Yr. Growth %	-	5.9	24.02	29.71	-12.68
Net Property, Plant and Equip., 1 Yr. Growth %	-	-6.62	30.94	137.45	-17.22
Total Assets, 1 Yr. Growth %	-	43.41	0.61	-1.35	-9.21
Tangible Book Value, 1 Yr. Growth %	-	-28.34	-84.25	-45.35	61.99
Common Equity, 1 Yr. Growth %	-	22.72	46.17	10.86	-0.65
Cash From Operations, 1 Yr. Growth %	-	328.06	-5.58	-24.44	-45.11
Capital Expenditures, 1 Yr. Growth %	-	-19.1	72.35	-6	-63.46
Levered Free Cash Flow, 1 Yr. Growth %	-	-	50.16	28.78	-36.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	43.5	24.32	-32.4
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	17.71	27.02	2.62
Gross Profit, 2 Yr. CAGR %	-	-	13.46	2.73	-5.95
EBITDA, 2 Yr. CAGR %	-	-	-23.63	-68.58	-33.27
EBITA, 2 Yr. CAGR %	-	-	-30.62	-51.54	-45.92
EBIT, 2 Yr. CAGR %	-	-	-37.52	-39.63	-74.25
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-8.83	15.52	992.75
Net Income, 2 Yr. CAGR %	-	-	-8.83	15.52	992.75
Normalized Net Income, 2 Yr. CAGR %	-	-	-73.38	-15.62	8.79
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	81.66	14.35	-4.26
Accounts Receivable, 2 Yr. CAGR %	-	-	14.6	26.84	6.43
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	10.58	76.33	40.2
Total Assets, 2 Yr. CAGR %	-	-	20.12	-0.45	-5.36
Tangible Book Value, 2 Yr. CAGR %	-	-	-66.4	-68.18	-5.91
Common Equity, 2 Yr. CAGR %	-	-	33.93	26.71	4.95
Cash From Operations, 2 Yr. CAGR %	-	-	101.04	-15.54	-35.6
Capital Expenditures, 2 Yr. CAGR %	-	-	18.08	27.29	-41.4
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	30.41	-10.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	25.62	-9.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	18.85	11.94
Gross Profit, 3 Yr. CAGR %	-	-	-	5.39	2.6
EBITDA, 3 Yr. CAGR %	-	-	-	-47.46	-38.19
EBITA, 3 Yr. CAGR %	-	-	-	-29.15	-48.61
EBIT, 3 Yr. CAGR %	-	-	-	-16.67	-70.07
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	54.79	-4.56
Net Income, 3 Yr. CAGR %	-	-	-	54.79	-4.56
Normalized Net Income, 3 Yr. CAGR %	-	-	-	14.96	-42.77
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	50.37	-5.42
Accounts Receivable, 3 Yr. CAGR %	-	-	-	19.43	12
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	42.66	37.05
Total Assets, 3 Yr. CAGR %	-	-	-	12.43	-3.46
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-58.29	-45.26
Common Equity, 3 Yr. CAGR %	-	-	-	25.36	16.84
Cash From Operations, 3 Yr. CAGR %	-	-	-	45.08	-26.84
Capital Expenditures, 3 Yr. CAGR %	-	-	-	9.44	-16.04
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	1.79
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	1.61