Exlservice holdings, inc. (EXLS)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current assets:
Cash and Cash Equivalents, at Carrying Value

224,874

119,165

101,432

84,842

86,688

95,881

97,636

84,091

69,955

86,795

87,665

89,414

91,700

213,155

98,374

93,113

95,774

205,323

90,656

94,651

151,319

176,499

161,428

160,937

143,692

148,065

132,393

114,569

102,307

103,037

118,579

94,520

82,272

82,393

72,876

79,355

111,182

Short-term investments

142,539

202,238

179,340

168,204

216,056

184,489

144,878

149,045

169,461

178,479

161,702

147,915

126,472

13,491

115,637

107,594

97,079

13,676

93,184

77,880

14,330

11,577

6,561

7,556

7,169

5,987

6,154

5,628

6,263

6,137

6,814

6,502

7,258

7,869

9,647

4,559

3,084

Restricted Cash, Current

6,369

5,453

5,412

4,098

5,364

5,608

4,679

2,256

2,727

3,674

1,913

1,898

2,691

3,846

2,256

1,537

2,722

1,872

2,547

2,466

2,774

1,395

1,082

571

816

423

527

437

757

573

729

807

834

934

161

231

231

Accounts Receivable, after Allowance for Credit Loss, Current

187,137

171,864

179,702

180,680

176,889

164,752

164,307

147,099

137,150

135,705

133,862

123,798

119,811

113,067

109,086

111,383

107,601

92,650

98,272

94,216

89,323

80,244

75,685

73,721

77,737

76,121

74,054

76,214

76,612

72,443

65,649

61,673

58,837

55,672

58,235

55,382

44,186

Prepaid expenses

11,776

13,246

9,364

11,616

13,145

11,326

10,325

9,963

10,601

9,781

6,958

9,454

9,596

7,855

6,802

7,892

8,426

8,027

5,501

7,738

9,875

5,783

4,126

5,564

6,145

5,168

3,303

4,594

5,377

5,072

3,260

3,516

4,349

4,503

2,787

3,900

3,317

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,738

4,649

4,921

-

4,691

4,843

5,455

6,958

6,353

4,236

5,111

7,460

7,100

8,120

5,774

6,228

5,211

977

1,721

Advance income tax, net

6,024

4,698

3,002

7,906

11,334

9,639

7,700

11,278

17,802

8,801

8,821

7,337

7,687

6,242

7,110

5,568

6,406

2,432

4,169

6,321

9,305

9,905

7,817

8,447

3,978

2,024

2,717

3,629

4,486

4,317

588

0

2,787

3,379

3,217

5,671

5,364

Other Assets, Current

26,173

24,594

27,974

31,729

26,582

28,240

24,302

23,002

28,277

29,582

22,333

18,784

25,541

21,168

18,716

16,685

19,746

15,219

13,217

13,687

13,241

12,533

11,694

11,223

12,955

7,881

12,146

7,763

9,764

7,065

10,832

8,875

8,452

5,863

7,715

7,687

5,244

Total current assets

604,892

541,258

506,226

489,075

536,058

499,935

453,827

426,734

435,973

452,817

423,254

398,600

383,498

378,824

357,981

343,772

337,754

339,199

312,284

301,608

295,088

297,936

273,084

272,862

257,947

252,627

237,647

217,070

210,677

206,104

213,551

184,013

170,563

166,841

159,849

157,762

174,329

Property and equipment, net

90,513

79,142

78,471

78,083

73,447

73,510

67,675

66,112

67,748

66,757

63,729

63,978

59,220

49,029

49,006

49,708

47,540

47,991

47,071

48,152

47,467

45,369

45,307

45,978

44,031

34,564

31,690

35,656

38,973

39,356

41,154

41,252

44,840

42,320

41,003

45,529

34,733

Operating lease right-of-use assets

99,940

86,396

88,753

93,162

89,835

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted Cash, Noncurrent

2,291

2,426

2,441

2,507

2,575

2,642

3,499

3,645

3,783

3,808

3,710

3,692

3,657

3,393

3,380

3,277

3,380

3,319

3,289

3,342

3,367

3,258

3,263

3,800

3,780

3,568

3,426

3,570

3,850

3,752

3,824

3,569

3,630

3,387

3,423

3,744

3,432

Deferred tax assets

16,640

11,855

6,190

4,200

4,570

6,602

12,201

12,702

6,518

9,280

16,118

13,959

16,392

14,799

7,073

10,103

9,711

13,749

7,996

8,039

8,288

16,440

11,017

8,544

9,905

12,254

13,978

15,387

14,249

14,123

10,042

14,831

14,334

16,495

15,666

16,965

14,333

Intangible Assets, Net (Excluding Goodwill)

69,734

73,982

78,845

84,402

90,008

95,495

114,799

41,170

45,104

48,958

43,568

46,973

50,356

53,770

50,326

47,278

50,013

52,733

55,462

58,960

60,085

46,979

30,545

31,147

32,643

34,115

35,621

37,283

39,118

40,711

32,247

33,405

35,090

36,313

37,864

39,642

18,591

Goodwill

348,076

349,529

349,530

350,220

350,239

349,984

357,533

200,981

202,337

204,481

187,953

188,154

187,952

186,770

177,093

171,035

171,498

171,535

171,753

170,129

172,097

139,599

112,203

108,120

108,216

107,407

107,058

108,730

110,055

110,948

92,886

91,339

93,627

92,287

96,238

99,299

43,370

Other assets

32,045

36,016

32,967

33,194

33,164

31,015

32,779

36,033

33,863

36,369

30,672

32,075

25,618

19,943

24,163

21,724

22,384

22,257

22,083

23,488

24,626

23,975

23,139

23,822

21,489

18,897

17,348

18,628

20,930

20,860

21,963

19,842

21,353

19,768

19,539

22,463

16,895

Investment in equity affiliate

3,128

2,484

2,555

2,624

2,686

2,753

2,824

2,886

2,944

3,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

1,267,259

1,183,088

1,145,978

1,137,467

1,182,582

1,061,936

1,045,137

790,263

798,270

825,470

769,004

747,431

726,693

706,528

669,022

646,897

642,280

650,783

619,938

613,718

611,018

573,556

498,558

494,273

478,011

463,432

446,768

436,324

437,852

435,854

415,667

388,251

383,437

377,411

373,582

385,404

305,683

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable

8,048

6,564

3,658

3,269

4,560

5,653

4,310

5,428

4,114

5,918

3,834

11,661

5,286

3,288

3,395

4,491

3,146

6,401

3,637

5,832

5,510

4,663

3,343

4,294

4,420

4,714

2,197

2,174

3,322

3,604

2,712

2,429

3,674

4,333

5,923

6,745

4,860

Current portion of long-term borrowings

100,666

40,867

20,876

20,885

20,876

21,423

12,318

10,318

318

10,318

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

16,038

13,436

9,585

11,790

11,132

7,722

7,600

10,448

11,504

10,716

8,662

14,189

17,968

16,615

9,730

16,157

13,667

11,518

8,110

11,994

13,246

7,690

8,039

9,659

9,520

8,618

5,395

7,946

7,640

7,922

4,670

6,384

7,805

7,772

7,284

7,884

5,108

Short-term borrowings

-

-

-

-

-

-

-

-

-

-

0

10,000

10,000

-

5,000

10,000

10,000

10,000

10,000

10,000

5,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

30,049

-

Accrued employee costs

28,937

71,626

59,568

42,967

31,954

54,893

46,638

33,338

27,615

55,664

49,385

39,135

29,830

50,832

40,660

33,644

24,644

44,526

36,788

28,834

21,021

37,606

28,044

24,886

18,371

29,405

25,894

21,257

17,596

29,393

27,400

21,013

16,016

27,444

26,460

24,752

23,947

Accrued Liabilities, Current

84,495

71,023

69,876

65,007

65,827

64,169

67,084

59,882

61,148

61,366

49,040

40,845

47,670

43,264

38,362

35,948

37,901

34,250

34,239

37,571

39,386

40,206

33,615

29,722

29,575

32,219

32,484

32,409

27,965

31,737

26,681

29,409

26,398

30,956

28,790

25,729

13,773

Operating Lease, Liability, Current

18,236

24,148

23,516

23,439

22,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable, net

1,692

1,432

575

604

595

1,012

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

160

-

-

-

-

-

Capital Lease Obligations, Current

252

253

248

279

283

223

221

223

246

267

168

203

216

232

237

221

286

384

481

661

743

803

1,022

1,058

1,108

1,119

1,129

1,471

1,616

1,685

1,741

1,670

1,832

1,729

1,971

2,282

231

Total current liabilities

258,364

229,349

187,902

168,240

157,533

155,095

138,171

119,637

104,945

144,249

111,089

116,033

110,970

124,231

97,384

100,461

89,644

107,079

93,255

94,892

84,906

90,968

74,063

69,619

62,994

76,075

67,099

65,257

58,139

74,341

63,204

61,065

55,725

72,234

70,428

97,441

47,919

Long-term borrowings, less current portion

234,820

194,131

223,916

231,409

299,765

263,241

288,309

57,326

67,355

50,391

45,000

35,000

35,000

35,000

40,000

35,000

55,000

60,000

60,000

60,000

75,000

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Liability, Noncurrent

93,707

74,709

76,080

80,531

77,060

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

1,790

1,790

-

-

-

0

8,721

8,721

8,721

13,557

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities, net

773

966

720

6,366

10,103

8,445

13,352

-

-

695

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance Lease, Liability, Noncurrent

380

430

436

474

492

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital Lease Obligations, Noncurrent

-

-

-

-

-

315

261

270

282

331

315

310

285

300

214

252

278

278

304

323

424

560

850

977

1,222

1,371

1,533

1,969

2,399

2,679

3,152

3,318

4,027

4,244

4,905

5,752

389

Other Liabilities, Noncurrent

21,521

11,712

-

-

-

16,521

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities, Other than Long-term Debt, Noncurrent

-

-

9,241

9,094

6,794

-

21,875

18,830

15,262

16,202

16,234

16,166

17,729

14,819

13,205

14,185

13,565

17,655

-

-

-

12,870

-

-

-

19,812

-

-

-

-

-

-

-

-

-

-

-

Non-current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,971

14,041

13,727

-

14,530

14,385

19,107

-

18,330

16,136

13,764

14,317

14,339

21,187

18,139

22,458

9,528

8,504

8,829

Total liabilities

611,355

513,087

498,295

496,114

551,747

443,617

470,689

204,784

196,565

225,425

172,638

167,509

163,984

174,350

150,803

149,898

158,487

185,012

172,530

169,256

174,057

154,398

89,443

84,981

83,323

97,258

86,962

83,362

74,302

91,337

80,695

85,570

77,891

98,936

84,861

111,697

57,137

Commitments and Contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

Preferred stock, $0.001 par value; 15,000,000 shares authorized, none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

ExlService Holdings, Inc. Stockholders’ equity:
Common stock, $0.001 par value; 100,000,000 shares authorized, 38,813,775 shares issued and 34,315,996 shares outstanding as of March 31, 2020 and 38,480,654 shares issued and 34,185,241 shares outstanding as of December 31, 2019

39

39

38

38

38

38

38

38

38

37

37

36

36

36

36

35

35

35

35

35

35

34

34

34

34

33

33

33

33

33

32

32

32

31

31

30

30

Additional paid-in capital

396,939

391,240

386,060

378,633

371,144

364,179

344,720

334,643

327,750

322,246

311,691

303,486

296,792

284,646

275,020

268,506

261,871

254,052

248,614

243,348

239,311

233,173

228,009

223,477

220,370

214,522

209,344

204,209

200,813

195,248

190,155

186,696

179,604

173,926

170,401

144,878

136,173

Retained earnings

574,314

551,903

530,547

511,503

498,939

484,244

480,387

465,138

450,676

427,064

436,419

415,342

394,964

382,722

367,234

351,184

334,809

320,989

306,227

291,065

278,991

269,424

261,964

255,889

248,126

236,979

221,120

207,880

198,644

188,882

176,719

165,016

155,962

147,046

137,493

129,102

112,266

Accumulated Other Comprehensive Income (Loss), Net of Tax

-113,104

-84,892

-86,153

-74,358

-77,212

-83,467

-114,330

-87,621

-59,670

-45,710

-59,290

-55,451

-57,013

-75,057

-66,924

-71,045

-64,087

-67,325

-66,250

-56,917

-53,015

-55,509

-52,928

-45,007

-48,741

-60,718

-67,278

-55,774

-32,553

-36,647

-28,934

-46,063

-27,200

-39,858

-16,533

2,389

1,126

Total including shares held in treasury

858,188

858,290

830,492

815,816

792,909

764,994

710,815

712,198

718,794

703,637

688,857

663,413

634,779

592,347

575,366

548,680

532,628

507,751

488,626

477,531

465,322

447,122

437,079

434,393

419,789

390,816

363,219

356,348

366,937

347,516

337,972

305,681

308,398

281,145

291,392

276,399

249,595

Less: 4,497,779 shares as of March 31, 2020 and 4,295,413 shares as of December 31, 2019, held in treasury, at cost

202,284

188,289

182,809

174,463

162,333

146,925

136,609

126,952

117,320

103,816

92,698

83,694

72,275

60,362

57,328

51,863

49,014

42,159

41,218

33,069

28,361

27,964

27,964

25,101

25,101

24,642

3,413

3,413

3,413

3,024

3,024

3,024

2,875

2,693

2,693

2,712

1,069

Stockholders’ equity

655,904

670,001

647,683

641,353

630,576

618,069

574,206

585,246

601,474

599,821

596,159

579,719

562,504

531,985

518,038

496,817

483,614

465,592

447,408

444,462

436,961

419,158

409,115

409,292

394,688

366,174

359,806

352,935

363,524

344,492

334,948

302,657

305,523

278,452

288,699

273,687

248,526

Non-controlling interest

-

-

0

0

259

250

242

233

231

224

207

203

205

193

181

182

179

179

-

-

-

0

-

-

-

-

-

27

26

25

24

24

23

23

22

20

20

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

655,904

670,001

647,683

641,353

630,835

618,319

574,448

585,479

601,705

600,045

596,366

579,922

562,709

532,178

518,219

496,999

483,793

465,771

-

-

-

419,158

-

-

-

-

359,806

352,962

363,550

344,517

334,972

302,681

305,546

278,475

288,721

273,707

248,546

Total liabilities and stockholders’ equity

1,267,259

1,183,088

1,145,978

1,137,467

1,182,582

1,061,936

1,045,137

790,263

798,270

825,470

769,004

747,431

726,693

706,528

669,022

646,897

642,280

650,783

619,938

613,718

611,018

573,556

498,558

494,273

478,011

463,432

446,768

436,324

437,852

435,854

415,667

388,251

383,437

377,411

373,582

385,404

305,683