EXLSERVICE HOLDINGS, INC. EXLS Income Statement

Exlservice holdings, inc. (EXLS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues, net
245,990	256,872	251,392	243,509	239,573	234,903	231,124	210,112	206,973	197,875	192,345	189,057	183,033	177,274	171,200	170,478	167,036	165,858	163,503	155,621	143,510	135,286	122,457	119,738	121,797	124,123	122,315	116,008	116,006	117,653	112,639	108,030	104,608	102,580	100,026	85,028	72,907	67,585	60,639
Cost of revenues
162,656	168,262	167,542	162,446	157,240	154,948	152,157	139,649	138,101	129,259	123,077	123,734	119,072	115,546	111,767	112,026	108,379	106,116	103,198	100,478	93,125	91,371	84,983	81,259	74,922	72,050	72,049	73,930	72,913	70,509	68,650	66,045	66,672	62,015	61,755	51,998	44,219	40,584	37,447
Gross profit
83,334	88,610	83,850	81,063	82,333	79,955	78,967	70,463	68,872	68,616	69,268	65,323	63,961	61,728	59,433	58,452	58,657	59,742	60,305	55,143	50,385	43,915	37,474	38,479	46,875	52,073	50,266	42,078	43,093	47,144	43,989	41,985	37,936	40,565	38,271	33,030	28,688	27,001	23,192
Operating expenses:
General and Administrative Expense
28,941	33,560	29,590	31,228	32,531	30,592	28,704	27,640	29,266	27,508	26,545	24,425	24,037	24,996	21,854	21,148	20,618	19,865	18,817	19,990	18,621	18,389	15,952	16,240	14,800	14,532	15,791	13,753	14,721	16,210	13,777	13,858	13,347	14,545	13,253	12,391	10,471	10,469	9,464
Selling and Marketing Expense
14,456	17,846	18,302	17,647	18,047	18,019	16,490	15,151	13,952	14,748	12,196	13,095	13,340	12,704	11,623	12,798	13,454	13,705	12,682	11,844	11,243	10,482	9,117	9,463	10,232	8,492	8,993	9,136	9,755	8,505	7,009	7,694	7,799	6,689	6,915	6,121	5,857	5,331	4,599
Depreciation, Depletion and Amortization, Nonproduction
12,450	12,515	13,047	12,752	13,667	13,381	14,099	10,582	10,504	10,060	9,582	9,535	9,372	9,580	8,597	8,270	8,133	8,294	8,057	8,061	7,053	7,979	7,014	6,679	6,356	6,074	5,969	6,362	6,512	6,891	6,333	6,040	6,359	6,589	6,443	5,110	4,852	4,218	3,857
Impairment and restructuring charges
0	1,375	489	5,580	1,227	20,056	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses
55,847	65,296	61,428	67,207	65,472	82,048	59,293	53,373	53,722	52,316	48,323	47,055	46,749	47,280	42,074	42,216	42,205	41,864	39,556	39,895	36,917	36,850	32,083	32,382	31,388	29,098	30,753	29,251	30,988	31,606	27,119	27,592	27,505	27,823	26,611	23,622	21,180	20,018	17,920
Income from operations
27,487	23,314	22,422	13,856	16,861	-2,093	19,674	17,090	15,150	16,300	20,945	18,268	17,212	14,448	17,359	16,236	16,452	17,878	20,749	15,248	13,468	7,065	5,391	6,097	15,487	22,975	19,513	12,827	12,105	15,538	16,870	14,393	10,431	12,742	11,660	9,408	7,508	6,983	5,272
Foreign exchange gain, net
1,377	281	1,009	1,202	1,260	1,373	1,385	1,414	615	934	637	886	382	2,024	1,741	1,363	469	397	191	1,022	1,134	323	642	-137	-833	-1,864	-2,508	-569	-49	-142	-1,345	-2,080	1,058	-573	495	1,803	1,648	943	903
Interest expense
3,072	2,986	3,180	3,864	3,582	3,508	2,475	706	538	510	482	465	432	320	295	343	385	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Nonoperating Income (Expense)
2,529	3,419	4,563	4,102	4,423	4,757	2,466	2,232	3,534	2,865	2,796	2,512	3,186	2,938	2,891	6,127	3,179	2,727	1,787	1,335	1,178	1,112	1,044	858	958	786	465	593	703	676	507	367	447	613	374	645	325	262	314
Income before income tax expense and earnings from equity affiliates
28,321	24,028	24,814	15,296	18,962	529	21,050	20,030	18,761	19,589	23,896	21,201	20,348	19,090	21,696	23,383	19,715	19,664	22,727	17,605	15,780	8,131	7,077	6,818	15,612	21,897	17,470	12,851	12,759	16,072	16,032	12,680	11,936	12,782	12,529	11,856	9,481	8,188	6,489
Income tax expense
5,855	2,601	5,701	2,670	4,200	-3,399	5,739	5,510	-4,453	28,944	2,819	823	3,560	3,602	5,646	7,008	5,895	4,902	7,565	5,531	6,213	670	1,002	-944	4,465	6,038	4,230	3,615	2,997	3,909	4,329	3,626	3,020	3,229	4,138	3,381	1,120	384	1,620
Income before earnings from equity affiliates
22,466	21,427	19,113	12,626	14,762	3,928	15,311	14,520	23,214	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from equity-method investment
-55	-71	-69	-62	-67	-71	-62	-58	-56	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
22,411	21,356	19,044	12,564	14,695	3,857	15,249	14,462	23,158	-9,355	21,077	20,378	16,788	15,488	16,050	16,375	13,820	14,762	15,162	12,074	9,567	7,461	6,075	7,762	11,147	15,859	13,240	9,236	9,762	12,163	11,703	9,054	8,916	9,553	8,391	8,475	8,361	7,804	4,869
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.65	0.63	0.55	0.36	0.43	0.12	0.44	0.42	0.67	-0.28	0.62	0.60	0.50	0.46	0.48	0.49	0.41	0.44	0.46	0.36	0.29	0.23	0.18	0.24	0.34	0.49	0.40	0.28	0.30	0.39	0.36	0.28	0.28	0.31	0.28	0.28	0.28	0.27	0.17
Diluted (in dollars per share)
0.65	0.62	0.55	0.36	0.42	0.12	0.43	0.41	0.66	-0.27	0.60	0.58	0.48	0.46	0.46	0.47	0.40	0.44	0.44	0.35	0.28	0.22	0.18	0.23	0.33	0.47	0.39	0.27	0.29	0.37	0.35	0.27	0.27	0.29	0.27	0.27	0.27	0.26	0.16
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic
34,401	34,251	34,322	34,451	34,374	34,387	34,458	34,511	34,446	34,088	33,838	33,819	33,845	33,639	33,624	33,621	33,380	33,231	33,307	33,417	33,236	32,992	32,890	32,812	32,523	32,793	32,907	32,778	32,521	32,303	32,154	31,970	31,445	31,286	30,293	29,859	29,620	29,302	29,231
Weighted Average Number of Shares Outstanding, Diluted
34,720	34,695	34,699	34,702	34,833	34,470	35,207	35,142	35,302	35,294	35,043	34,993	35,108	34,715	34,675	34,510	34,351	34,272	34,180	34,207	34,051	33,767	33,676	33,673	33,428	33,797	33,955	33,899	33,719	33,520	33,283	33,096	32,783	32,643	31,586	31,043	30,911	30,385	30,201