GENPACT LTD G Cash Flow

Genpact ltd (G)

CashFlow / TTM

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	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities
Net income (loss)
329,738	304,881	301,830	287,313	278,165	282,019	269,954	270,096	274,468	263,111	272,328	267,505	264,228	269,684	257,798	256,926	253,958	239,817	221,156	199,759	186,042	192,002	195,092	218,701	233,593	229,717	234,276	189,189	186,413	178,216	185,935	208,805	186,715	184,294	169,203	161,289	150,126	142,181	0	0	0
Redeemable non-controlling interest, Net income (loss)
-	-	-	-	-	-761	-1,705	-2,289	-2,133	-2,270	-1,558	-1,708	-2,746	-2,137	0	0	0	-	-	-	-	169	1,233	2,389	4,059	5,334	5,793	6,060	6,173	6,374	6,462	6,683	6,704	6,782	7,224	6,995	6,575	6,850	0	0	0
Net income
-	-	-	-	-	281,258	268,249	267,807	272,335	260,841	270,770	265,797	261,482	267,547	255,893	255,755	253,669	239,817	221,156	199,772	185,971	192,171	196,325	221,090	237,652	235,051	240,069	195,249	192,586	184,590	192,397	215,488	193,419	191,076	176,427	168,284	156,701	149,031	0	0	0
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization
102,676	96,101	87,490	78,963	70,951	64,868	63,844	62,804	60,200	58,503	56,458	54,868	55,537	54,553	54,467	54,472	53,924	54,286	53,465	52,881	52,240	51,064	50,329	50,491	51,577	52,815	54,750	55,262	55,514	56,089	55,414	57,497	58,508	58,357	59,305	58,126	57,897	57,881	0	0	0
Amortization of debt issuance costs
1,897	1,779	1,717	3,860	3,930	3,975	4,048	1,986	1,997	1,884	1,763	1,641	1,521	1,531	1,542	1,554	12,091	13,546	13,969	14,389	4,279	3,240	3,245	3,253	6,240	6,035	5,826	11,164	8,009	8,079	8,156	2,705	2,560	1,952	1,339	720	327	385	0	0	0
Amortization of acquired intangible assets
34,844	32,612	33,281	35,693	37,423	38,850	39,766	40,545	39,106	36,412	33,199	30,174	28,280	27,183	26,402	26,495	27,317	28,513	29,801	30,571	29,866	28,543	26,659	24,537	24,112	23,645	23,759	23,923	23,546	23,305	23,187	22,950	22,323	20,132	17,969	16,126	15,091	16,275	0	0	0
Reserve for mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Gain on business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	247	0	0	0
Unrealized loss (gain) on revaluation of foreign currency asset/liability
15,083	5,171	-3,034	-13,809	-12,134	-3,352	7,078	22,136	29,112	11,830	8,883	-2,618	-10,120	-1,717	-2,625	6,341	10,277	4,999	1,774	-13,623	-11,756	-9,419	-4,268	-7,009	2,223	6,251	18,039	8,805	15,600	13,700	13,186	37,193	16,089	18,276	6,288	2,200	-1,191	284	0	0	0
Equity-method investment activity, net
-	-	-	-	-	-	-	-	-	-4,543	-5,929	-8,046	-10,111	-7,698	-9,141	-10,456	-10,722	-10,800	-12,877	-9,412	-7,038	-4,795	117	116	145	169	132	150	74	17	-14	-86	-207	-327	-593	-675	-813	-1,013	0	0	0
Stock-based compensation expense
82,911	83,885	78,147	70,261	59,672	48,998	45,441	42,058	38,486	35,685	29,171	23,948	24,763	25,113	25,811	27,178	25,652	24,976	25,421	27,500	27,752	28,065	29,351	26,389	29,576	31,129	31,227	31,528	31,415	32,152	32,911	36,451	31,965	27,767	20,263	15,788	16,093	17,514	0	0	0
Deferred tax expense (benefit)
-11,185	-16,315	876	6,006	5,157	6,054	-7,570	-9,325	-12,126	-10,391	5,136	1,292	30,748	30,454	17,974	13,431	-19,338	-18,713	-21,627	-20,172	-14,934	-12,252	-11,893	-3,027	-1,247	-1,116	3,463	289	-7,098	-10,028	-13,556	-14,130	-10,408	-7,981	-3,403	-2,664	-4,070	-5,400	0	0	0
Others, net
2,069	2,229	1,559	3,064	-837	-1,317	-4,831	-4,425	-3,588	685	5,331	4,911	4,405	41	-66	97	131	238	117	-309	-506	-1,291	-1,200	-747	-6,628	-5,939	-10,164	-12,576	-6,642	-6,579	-2,289	-4,012	-5,263	-5,322	-5,653	-1,749	-400	-181	0	0	0
Change in operating assets and liabilities:
Increase in accounts receivable
61,078	121,983	161,217	158,675	135,632	76,894	39,526	59,857	82,941	57,267	45,539	35,433	11,266	48,612	78,401	59,609	83,171	78,923	34,042	43,429	29,636	24,088	54,532	50,435	60,136	60,817	21,575	44,872	2,959	36,171	54,955	38,458	87,435	46,314	46,325	39,770	34,289	50,414	0	0	0
Increase in prepaid expenses, other current assets, contract cost assets, operating lease right-of-use assets and other assets
117,691	69,813	67,156	72,948	75,604	76,392	180,911	135,188	53,364	28,381	-57,630	-34,810	47,754	62,852	50,697	62,593	49,311	32,602	11,841	26,210	25,103	31,657	21,582	3,108	290	-9,377	-9,106	9,602	10,302	20,525	26,542	13,647	13,341	10,461	24,960	30,361	24,514	25,932	0	0	0
Increase (decrease) in accounts payable
-4,629	-21,375	6,644	2,705	15,436	26,401	-2,606	2,510	-2,451	-2,155	-528	-1,720	-1,321	-463	-5,640	-2,272	-4,235	-3,988	-450	-881	-7,215	-7,268	-2,981	-377	3,691	1,785	-1,301	-2,364	-4,180	-4,380	5,076	4,098	6,158	6,800	-4,483	-2,903	-2,891	-2,631	0	0	0
Decrease in accrued expenses, other current liabilities, operating leases liability and other liabilities
94,879	157,580	173,006	126,688	71,640	5,993	-25,744	1,638	37,978	46,581	70,497	52,761	23,206	27,977	47,857	20,478	47,622	69,606	29,327	19,788	32,654	27,500	0	0	0	-	-	46,546	72,582	79,034	47,237	39,702	19,240	27,517	31,002	27,810	10,886	-2,560	0	0	0
Increase (Decrease) in other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	24,118	15,774	26,527	-6,301	4,145	6,531	1,983	3,161	0	0	0
Increase in income taxes payable
-275	8,346	8,366	8,133	9,045	5,597	9,114	4,382	6,452	4,640	5,608	7,039	201	704	-4,859	4,223	15,202	18,757	17,458	13,145	2,929	-2,092	-3,172	-6,442	-2,787	-6,555	-6,810	-10,010	1,609	1,775	13,147	16,864	5,478	10,345	25,290	15,351	7,847	6,447	0	0	0
Net cash used for operating activities
414,655	427,888	478,024	411,069	361,417	339,511	298,191	293,238	300,728	359,078	373,461	375,209	386,423	345,772	309,865	298,748	293,530	327,441	346,615	293,352	281,885	271,838	257,190	296,995	294,297	311,604	334,405	286,263	337,298	310,660	299,000	316,652	250,426	266,612	262,218	235,168	204,255	163,098	0	0	0
Intangible assets write-down
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserve for doubtful receivables/allowance for credit losses
7,573	7,443	7,321	5,391	3,986	1,857	0	0	0	-	-	-	-	7,282	8,263	5,650	4,697	2,449	2,278	2,654	3,782	3,107	4,823	8,069	8,167	11,420	10,017	9,099	6,872	3,878	3,134	4,294	5,883	6,298	8,651	4,898	3,884	1,334	0	0	0
Investing activities
Purchase of property, plant and equipment
81,811	74,927	72,022	77,667	80,344	84,978	77,748	65,584	58,853	57,231	0	0	0	-	-	-	73,677	62,173	59,265	63,092	62,038	62,577	60,010	52,901	48,786	48,879	60,257	67,370	76,044	83,337	73,654	65,272	51,505	35,776	29,744	30,368	36,314	55,171	0	0	0
Payment for internally generated intangible assets (including intangibles under development)
29,156	33,834	82,303	80,396	78,988	75,439	26,888	19,035	18,192	16,441	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property, plant and equipment
584	1,750	1,790	1,921	2,002	668	589	1,481	1,493	1,738	1,861	877	804	547	467	938	1,042	1,486	1,367	1,219	1,037	564	996	3,288	3,410	3,442	3,122	500	461	500	603	720	871	916	1,010	1,128	1,326	1,239	0	0	0
Investment in equity affiliates
-	-	-	-	-	-	-	-	-	496	2,597	4,833	6,304	9,620	12,422	13,782	15,505	18,423	0	0	0	-	-	-	-	-	-	-	-	205	0	0	0	-	-	-	-	2,324	0	0	0
Short-term deposits placed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,001	73,599	54,254	36,350	43,978	0	0	0	-	-	-	-	-	-	-	-
Redemption of short-term deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69,249	51,955	41,997	24,036	25,638	0	0	0	-	-	-	-	16,325	0	0	0
Purchase of short term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	129,458	0	0	0	-	-	-	-
Proceeds from sale of short term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	206,443	193,799	236,782	107,312	162,940	0	0	0
Payment for business acquisitions, net of cash acquired
-	252,276	0	0	0	-	-	-	-	284,822	281,153	240,710	52,060	45,162	41,558	15,278	12,024	21,363	0	0	0	-	-	-	-	49,235	0	0	0	-	-	-	-	577,233	561,767	561,075	18,449	42,575	0	0	0
Proceeds from divestiture of business, net of cash divested
-	-	-	-	-	4,730	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,982	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
-354,186	-357,119	-162,306	-273,290	-275,206	-276,050	-228,893	-170,975	-360,634	-361,990	-363,020	-307,901	-123,293	-125,765	-117,665	-106,718	-100,164	-100,473	-74,889	-96,623	-210,189	-192,822	-187,132	-159,136	-31,198	-78,442	-131,033	-145,284	-190,981	-157,283	-142,653	-123,925	-503,049	-535,108	-547,446	-547,285	-166,865	-33,420	0	0	0
Financing activities
Repayment of finance lease obligations
7,550	7,380	6,697	5,389	3,638	2,395	2,463	2,710	2,751	2,708	2,648	1,996	1,833	1,793	1,734	1,847	1,950	2,035	2,215	2,290	2,132	2,095	2,044	1,825	1,844	1,803	1,879	1,991	2,130	2,279	2,478	2,483	2,750	2,821	3,402	3,664	4,954	4,861	0	0	0
Payment of debt issuance costs
0	-	-	-	-	-	-	-	-	2,630	0	0	0	-	-	-	-	6,584	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term debt
-	-	-	-	-	-	-	-	-	350,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
34,000	34,000	34,000	163,186	164,686	166,186	167,686	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	693,188	684,875	676,563	668,250	6,750	6,750	6,750	6,750	123,098	123,098	0	0	0	-	-	-	-	40,000	37,500	50,000	47,500	45,000	0	0	0
Proceeds from short-term borrowings
475,000	400,000	75,000	195,000	195,000	250,000	245,000	170,000	360,000	295,000	320,000	370,000	180,000	200,000	155,000	60,000	101,500	1,451,500	0	0	0	-	-	-	-	275,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of short-term borrowings
630,000	625,000	0	0	0	-	-	-	-	285,000	0	0	0	-	-	-	-	1,565,000	0	0	0	-	-	-	-	-	-	-	-	253,004	0	0	0	-	-	-	-	165	0	0	0
Proceeds from issuance of common shares under stock-based compensation plans
19,134	19,670	17,708	16,123	14,431	14,034	14,969	14,836	11,969	15,528	18,254	16,761	21,052	18,228	18,856	20,126	14,501	16,088	28,318	29,324	30,607	30,144	22,336	26,710	35,860	45,859	41,932	49,917	39,940	26,227	21,910	10,639	14,408	12,840	16,968	19,056	19,169	24,826	0	0	0
Payment for net settlement of stock-based awards
29,436	3,850	4,149	4,419	3,287	15,919	14,947	14,576	13,641	10,296	10,604	10,621	10,659	769	829	759	1,640	7,194	17,627	18,162	23,479	25,975	16,890	16,139	14,278	9,315	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of earn-out consideration
-	12,790	14,587	12,350	10,280	3,356	1,559	6,408	6,598	6,219	6,298	1,640	1,617	1,485	1,406	1,236	1,069	230	0	0	0	-	-	-	-	3,868	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividend paid
67,095	64,671	62,716	60,761	58,813	57,102	54,491	51,819	49,137	46,686	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,487	3,296	4,552	5,506	6,423	6,413	6,240	6,324	5,760	6,086	12,763	9,554	6,805	16,445	381	3,825	7,065	0	0	0
Payment for stock repurchased and retired
0	-	-	-	-	154,058	130,103	130,103	95,984	219,784	322,432	478,580	531,967	345,200	310,433	231,922	246,636	226,917	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for expenses related to stock repurchase
0	-	-	-	-	98	82	82	60	16	103	229	268	279	247	190	212	197	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for financing activities
43,690	39,647	-237,325	-54,060	-114,492	-135,187	-62,618	-222,011	62,649	47,189	-5,408	-46,301	-295,230	-232,798	-235,733	-210,768	-182,673	-218,884	-177,579	-102,264	-188,079	-177,419	-147,900	-248,795	-114,343	-65,342	-69,458	-46,908	-61,690	-106,080	-122,395	-31,424	339,483	326,099	331,906	322,323	-40,085	-32,265	0	0	0
Effect of exchange rate changes
-27,912	-11,716	-22,751	-39,592	-70,568	-64,346	-45,505	-7,413	33,297	37,568	15,930	12,797	-9,509	-15,493	-4,879	-15,757	-15,208	-18,965	-25,842	-29,512	-16,573	-11,085	-4,457	-31,389	-56,063	-55,772	-46,919	-11,254	-15,951	3,911	-48,514	-61,395	-32,729	-53,617	1,518	17,440	13,554	17,887	0	0	0
Net decrease in cash and cash equivalents
104,159	110,416	78,393	83,719	-28,281	-71,726	6,680	-99,748	2,743	44,277	5,033	21,007	-32,100	-12,791	-43,533	-18,738	10,693	8,084	94,147	94,465	-116,383	-98,403	-77,842	-110,936	148,756	167,820	133,914	94,071	84,627	47,297	33,952	161,303	86,860	57,603	46,678	10,206	-2,695	97,413	0	0	0
Supplementary information
Cash paid during the period for interest
41,893	45,084	38,035	43,060	36,776	41,484	39,583	39,075	35,785	27,915	29,677	21,053	20,886	19,530	16,913	15,404	17,975	20,950	24,327	29,018	27,975	27,175	25,456	25,142	28,915	30,788	33,760	28,323	19,964	14,061	6,775	7,729	6,821	5,026	4,360	2,199	1,454	1,617	0	0	0
Cash paid during the period for income taxes, net of refund
154,288	104,217	92,053	83,662	76,540	81,411	74,223	72,398	73,969	66,238	53,372	45,111	39,928	46,731	73,661	77,665	82,211	72,102	58,362	71,333	75,016	83,803	83,228	70,124	68,401	71,857	78,922	90,468	90,985	91,825	89,184	82,456	77,186	65,688	53,806	44,381	44,032	40,466	0	0	0
Right-of-use assets acquired under finance leases
13,928	5,008	3,786	8,551	3,167	2,031	2,206	1,501	2,039	2,318	2,483	2,732	2,499	2,206	1,961	1,739	1,567	1,656	1,698	1,747	2,014	2,176	2,249	2,262	2,089	2,342	2,677	2,906	2,998	2,699	2,304	2,207	2,068	1,787	2,340	2,015	1,953	1,968	0	0	0