Exlservice holdings, inc. (EXLS)
CashFlow / TTM
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'11Mar'11
Cash flows from operating activities:
Net income

75,375

67,659

50,160

46,365

48,263

56,726

43,514

49,342

55,258

48,888

73,731

68,704

64,701

61,733

61,007

60,119

55,818

51,565

44,263

35,176

30,865

32,445

40,844

48,009

49,482

48,097

44,401

42,864

42,682

41,836

39,227

35,914

35,335

34,780

0

0

0

Adjustments to reconcile net income to net cash (used for)/provided by operating activities:
Depreciation and amortization expense

50,941

52,193

53,007

53,972

51,788

48,719

45,558

41,200

40,213

38,984

38,351

37,240

35,873

34,580

33,294

32,754

32,545

31,465

31,150

30,107

28,725

28,028

26,123

25,078

24,761

24,917

25,734

26,098

25,776

25,623

25,321

25,431

24,501

22,994

0

0

0

Stock-based compensation expense

23,892

26,070

28,128

26,045

25,783

23,901

23,581

23,945

22,159

23,041

21,798

20,574

19,917

19,770

18,510

18,497

17,601

16,047

14,773

12,678

11,090

11,011

10,878

11,469

12,363

11,832

11,559

10,463

10,318

9,416

9,504

9,793

9,957

9,462

0

0

0

Amortization of operating lease right-of-use assets

27,171

27,335

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on short term investments

6,664

10,116

9,716

8,118

8,039

7,696

986

1,694

2,842

0

-518

-738

-1,525

0

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-employee stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

52

53

21

0

0

0

Unrealized foreign exchange (gain)/loss, net

5,560

321

-5,774

-1,129

5,174

8,620

13,298

7,902

4,021

-1,523

408

-684

-2,285

1,001

1,095

2,454

5,143

3,798

4,191

4,016

2,035

424

-927

788

6,845

7,782

9,290

3,938

1,696

943

2,988

9,046

5,182

6,596

0

0

0

Deferred income tax expense

-9,855

-12,345

-6,498

-3,799

-3,009

-625

5,162

4,392

8,420

731

-13,225

-10,109

-11,286

-3,384

3,066

2,573

3,080

2,238

3,284

639

1,017

76

1,043

2,820

3,156

2,484

4,498

8,371

4,964

4,727

3,013

-1,748

802

-1,705

0

0

0

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,060

-4,060

-4,060

-250

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Receivable, Credit Loss Expense (Reversal)

511

614

480

298

337

-573

-510

2,226

2,204

2,816

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity-method investment

-257

-269

-269

-262

-258

-247

-176

-114

-56

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

2,507

2,472

1,836

1,218

600

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

204

166

128

90

0

0

0

Impairment charges

2,400

3,627

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment charges

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Others, net

-170

1,205

-562

-1,741

526

-903

-433

-348

-287

-252

11

13

102

107

113

136

319

278

-81

-94

-302

-295

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-62

-724

229

787

1,692

1,653

1,722

747

362

397

325

62

-22

-137

379

32

657

598

272

498

0

0

0

Accounts receivable

12,595

7,093

17,167

14,805

21,472

10,046

7,772

22,426

14,732

20,482

23,567

8,216

9,912

18,062

10,999

18,695

17,798

9,087

12,225

9,224

805

-3,261

3,380

-690

4,329

5,678

-164

6,034

8,309

8,086

6,648

5,799

6,897

5,109

0

0

0

Prepaid expenses and other current assets

2,625

-1,215

413

4,112

1,754

4,509

8,320

9,373

661

-218

-360

-2,917

3,065

5,421

4,676

3,146

3,954

3,112

1,062

3,065

2,542

3,930

1,347

3,037

5,679

3,418

1,038

307

1,427

1,793

3,053

9,600

6,408

4,660

0

0

0

Advance income tax, net

8,184

7,194

-3,707

-5,197

-2,340

-14,147

9,416

4,549

-1,398

11,037

2,578

2,499

3,395

437

-1,634

2,061

3,892

8,865

3,414

2,047

-5,475

-7,841

-5,872

-4,646

425

2,106

-1,614

-4,012

-2,271

-1,313

2,181

3,714

1,616

1,408

0

0

0

Other assets

1,667

2,204

2,510

2,387

4,623

6,800

9,062

6,475

5,582

2,224

-6,671

-5,151

-6,175

-4,754

1,324

1,436

1,003

1,408

151

545

1,533

1,846

2,999

1,088

521

-685

776

1,669

-910

148

2,833

-1,956

534

-299

0

0

0

Accounts payable

2,693

134

-793

-1,131

207

-360

-79

-4,932

-2,205

1,706

261

4,094

2,141

-2,628

-872

-919

-1,556

44

-958

-1,029

-1,006

-146

-2

1,327

-132

-375

2,066

2,425

2,083

3,019

-780

-1,714

788

-840

0

0

0

Deferred revenue

5,996

6,679

3,517

924

-2,544

-4,929

0

0

0

-

-

-

4,872

5,726

1,996

5,046

1,066

2,566

-1,263

534

1,985

-947

2,618

1,685

1,863

696

-3,125

-2,282

-4,007

-3,721

-2,571

-1,696

-1,734

-319

0

0

0

Accrued employee costs

2,305

16,915

12,372

9,416

6,491

1,272

-374

-2,708

-211

6,391

8,201

3,974

3,818

5,304

4,256

6,421

5,359

8,528

0

0

0

-

-

-

3,005

3,306

-2,465

113

1,467

-570

0

0

0

-

0

0

0

Accrued expenses and other liabilities

9,276

14,141

11,512

1,363

1,436

-1,084

6,200

15,730

9,414

6,903

3,659

-1,407

5,739

9,080

4,962

2,772

-55

-4,699

1,604

9,327

8,914

8,426

10,267

-1,276

3,509

5,565

-1,551

1,619

43

-145

155

6,197

5,431

8,520

0

0

0

Operating lease liabilities

-26,190

-24,813

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used for)/provided by operating activities

146,522

168,420

151,152

126,359

108,783

92,435

89,970

81,879

99,131

113,159

116,780

120,553

118,859

102,395

98,183

96,439

86,113

96,691

76,904

66,073

61,831

66,659

82,867

85,144

81,135

82,792

66,656

71,730

68,035

65,782

59,083

48,912

52,852

56,235

0

0

0

Cash flows from investing activities:
Purchases of property and equipment

41,534

40,138

42,675

43,428

38,635

40,437

38,465

34,003

37,720

35,154

32,274

31,425

27,507

25,850

24,793

26,077

25,197

25,585

25,043

25,421

25,844

27,678

27,943

22,272

19,985

15,916

13,531

15,886

16,115

18,804

24,101

24,063

21,609

19,468

0

0

0

Investment in equity affiliate

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisition (net of cash acquired)

-

-

-

-

-

231,829

254,494

23,795

23,680

23,300

0

0

0

-

-

-

-

44,270

0

0

0

-

-

-

-

1,183

0

0

0

-

-

-

-

-

-

-

-

Purchase of investments

164,121

187,974

193,411

160,959

160,807

133,434

262,781

273,962

293,194

402,721

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from redemption of investments

228,451

176,968

177,815

159,066

119,211

128,208

266,737

262,775

248,918

241,439

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

224,382

-

110,695

79,589

14,124

9,134

7,836

3,169

2,881

1,927

-635

4,225

6,033

7,351

10,601

10,222

10,115

8,818

0

0

0

Proceeds from redemption of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142,290

-

0

0

0

-

-

-

-

-

-

-

-

8,821

13,503

7,425

5,740

3,517

0

0

0

Net cash provided by/(used for) investing activities

21,855

-51,385

-58,423

-276,896

-311,680

-277,492

-292,003

-71,985

-108,676

-222,736

-99,567

-99,093

-81,959

-54,667

-53,863

-54,996

-107,140

-73,540

-203,560

-194,729

-132,758

-88,262

-34,562

-24,231

-21,375

-17,535

-52,432

-54,013

-54,233

-54,834

-21,009

-27,753

-106,967

-105,752

0

0

0

Cash flows from financing activities:
Principal payments of finance lease liabilities

266

336

321

276

247

152

146

163

173

174

189

202

268

348

453

602

620

720

719

761

902

967

1,088

1,288

1,365

1,511

1,610

1,555

1,628

1,640

1,732

1,857

1,681

1,286

0

0

0

Proceeds from borrowings

110,000

46,000

47,614

280,614

280,614

246,614

305,574

72,574

72,574

60,574

0

0

0

-

-

-

-

30,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings

97,876

98,247

237,889

229,734

160,745

155,209

50,275

50,257

50,228

45,192

0

0

20,000

25,000

25,000

25,000

15,000

10,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of Debt Issuance Costs

20

117

492

879

859

762

0

0

0

-

-

-

-

-

-

-

-

74

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of treasury stock

39,951

41,364

46,200

47,511

45,013

43,109

43,911

43,258

45,045

43,454

35,370

31,831

23,261

18,203

16,349

18,794

20,653

14,195

13,015

7,968

3,260

3,322

24,551

21,688

21,688

21,618

389

389

538

331

331

312

1,772

1,624

0

0

0

Proceeds from exercise of stock options

1,886

987

651

1,304

988

1,397

5,369

7,214

8,801

8,561

4,549

4,082

4,680

6,499

6,439

5,204

3,502

3,375

4,651

6,012

6,669

6,459

5,835

5,846

5,784

5,489

5,358

4,779

8,078

9,603

9,043

9,237

7,843

5,535

0

0

0

Net cash provided by financing activities

-26,227

-93,077

-87,637

152,518

223,738

197,779

215,434

-14,680

-14,861

-20,475

-26,684

-23,625

-34,523

-32,726

-33,729

-37,558

-31,161

10,020

61,619

67,985

83,233

52,946

-17,851

-15,204

-15,343

-15,714

5,605

5,108

8,185

9,905

8,143

-231

26,631

24,866

0

0

0

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-3,243

-1,045

-1,621

-526

-2,679

-2,868

-875

-226

2,823

3,935

-806

-1,135

-5,294

-5,122

-2,873

-5,423

-3,357

-4,347

-5,735

-5,615

-4,679

-2,909

-1,419

659

-3,032

-4,515

-6,015

-2,776

-1,952

-209

-514

-5,763

-2,787

-4,138

0

0

0

Net increase/(decrease) in cash, cash equivalents and restricted cash

138,907

22,913

3,471

1,455

18,162

9,854

12,526

-5,012

-21,583

-126,117

-10,277

-3,300

-2,917

9,880

7,718

-1,538

-55,545

28,824

-70,772

-66,286

7,627

28,434

29,035

46,368

41,385

45,028

13,814

20,049

20,035

20,644

45,703

15,165

-30,271

-28,789

0

0

0