SYNTEL INC SYNT Income Statement

Syntel inc (SYNT)

Income statement / Quarterly

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
Net revenues
249,699	245,345	239,808	231,340	226,811	225,869	237,887	241,255	246,018	241,390	254,580	253,636	239,797	220,599	235,324	228,332	228,250	219,523	223,287	209,871	202,501	189,106	187,773	186,407	178,979	170,744	172,420	167,627	156,985	145,372	144,900	140,545	130,649	116,039
Cost of revenues
165,058	154,091	141,357	143,219	145,053	143,160	142,354	146,672	155,033	151,666	148,061	146,061	148,704	141,785	137,856	133,804	138,702	123,500	118,169	112,158	118,920	111,329	102,918	101,588	105,121	99,292	99,802	100,893	100,200	94,560	89,278	84,881	79,083	66,800
Gross profit
84,641	91,254	98,451	88,121	81,758	82,709	95,533	94,583	90,985	89,724	106,519	107,575	91,093	78,814	97,468	94,528	89,548	96,023	105,118	97,713	83,581	77,777	84,855	84,819	73,858	71,452	72,618	66,734	56,785	50,812	55,622	55,664	51,566	49,239
Selling, general and administrative expenses
27,646	26,986	29,250	27,160	28,659	30,254	31,060	29,526	18,265	29,677	28,025	15,121	21,728	35,382	24,109	26,566	26,321	32,221	29,759	22,445	18,690	25,693	28,131	29,036	18,931	26,946	19,638	36,679	27,781	24,623	25,270	24,924	19,114	22,248
Income from operations
56,995	64,268	69,201	60,961	53,099	52,455	64,473	65,057	72,720	60,047	78,494	92,454	69,365	43,432	73,359	67,962	63,227	63,802	75,359	75,268	64,891	52,084	56,724	55,783	54,927	44,506	52,980	30,055	29,004	26,189	30,352	30,740	32,452	26,991
Interest expense
2,193	2,433	2,994	3,041	3,216	3,376	2,723	839	575	570	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
1,470	561	918	520	462	496	613	5,066	5,450	4,666	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,289	2,534	1,632	5,923	6,119	4,008	4,876	1,959	2,283
Non-Service components of post retirement benefit cost
288	302	-	-	338	324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense, net (See note 23)
-1,011	-2,174	-1,414	-2,521	-3,092	-3,204	-2,110	4,227	4,875	4,096	14,004	10,227	9,887	9,338	15,906	10,657	12,175	11,785	9,802	949	-1,335	8,804	-	9,964	2,455	-	-	-	-	-	-	-	-	-
Income before provision for income taxes
55,984	62,094	67,787	58,440	50,007	49,251	62,363	69,284	77,595	64,143	92,498	102,681	79,252	52,770	89,265	78,619	75,402	75,587	85,161	76,217	63,556	60,888	64,004	65,747	57,382	52,795	55,514	31,687	34,927	32,308	34,360	35,616	34,411	29,274
Income tax expense
14,836	16,455	25,384	9,607	13,355	10,871	14,372	286,513	18,804	11,086	18,263	24,990	18,673	12,749	18,563	17,013	16,118	17,439	18,856	16,800	16,044	14,464	14,077	14,265	13,993	12,050	11,554	5,480	7,287	7,259	4,597	5,177	6,151	4,143
Net income
41,148	45,639	42,403	48,833	36,652	38,380	47,991	-217,229	58,791	53,057	74,235	77,691	60,579	40,021	70,702	61,606	59,284	58,148	66,305	59,417	47,512	46,424	49,927	51,482	43,389	40,745	43,960	26,207	27,640	25,049	29,763	30,439	28,260	25,131
Other comprehensive (loss) income
Foreign currency translation adjustments
-12,614	-2,457	3,957	-1,255	937	6,175	-1,293	-391	-16,094	-1,240	-5,496	-34,012	-16,546	10,626	-27,371	-22,853	-7,004	24,847	10,690	-27,396	-49,800	1,865	-18,350	35,877	-44,268	14,831	-34,491	-37,810	-567	3,036	-	-	-	-
Gains/(losses) on derivatives:
Gain/(loss) arising during period on cash flow hedges
975	2,910	2,141	342	-672	963	-	-	-	-	-	-	-	-	-	0	0	724	1,116	-3,194	-4,808	90	-323	1,061	-3,477	1,181	-	-2,401	-	-	-	-	-	-
Unrealized gains on available-for-sale debt securities:
Unrealized holding gains arising during period
426	384	-243	301	198	131	-2,813	170	970	1,915	-7,214	1,477	2,413	3,440	-3,520	3,684	2,889	2,724	2,240	2,456	553	211	-436	758	322	272	-449	328	50	229	-	-	-	-
Reclassification adjustment for gains included in net income
207	60	-131	77	89	80	-2,834	1,931	1,130	21	-341	3,341	1,712	1,868	319	840	1,541	1,855	-220	199	140	823	-	213	204	-	-	-	-	-	-	-	-	-
Reclassification adjustment for gains included in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-177	-	-45	-480	-	-	-	-	-
Less: reclassification adjustment for gains included in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	192	-	-	-	-
Unrealized gains on securities, Total
219	324	-112	224	109	51	21	-1,761	-160	1,894	-6,873	-1,864	701	1,572	-3,839	2,844	1,348	869	2,460	2,257	413	-612	-111	545	118	95	-180	283	-430	37	-	-	-	-
Defined benefit pension plans:
Net profit arising during period
-457	439	-1,678	0	0	-6	-	-	-	-	-802	0	0	0	1,146	0	1	0	-237	-15	-22	-6	-	9	2	-	-	-	-	-	-	-	-	-
Amortization of prior service cost included in net periodic pension cost
-1	8	16	28	24	8	-82	12	19	16	53	37	34	25	6	12	9	2	123	7	8	8	-	8	8	-	-	-	-	-	-	-	-	-
Net Profit / (loss) arising during period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-	38	-	10	-	-	-	-
Amortization of prior service cost included in net periodic pension cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9	-	0	-10	-	-	-	-	-
Defined Benefit Pension plans, Total
1	431	-1,694	-28	-24	-14	884	-12	-19	-16	-855	-37	-34	-25	1,140	-12	-8	-2	-360	-22	-30	-14	1,029	1	-6	-5	-416	-38	-10	-10	-	-	-	-
Other comprehensive (loss)/Income, before tax
-11,421	346	7,680	-661	398	7,203	-1,623	-2,140	-16,235	670	-11,514	-35,839	-15,811	12,223	-32,350	-19,997	-5,648	26,442	14,626	-28,311	-54,165	1,357	-19,813	37,482	-47,621	16,112	-35,931	-39,890	-987	3,083	-	-	-	-
Income tax (expenses) benefit related to other comprehensive income
329	699	960	217	-224	403	-86	-659	-22	735	-2,148	-461	547	486	-285	748	-327	252	953	771	150	-197	-382	174	36	31	-	103	-74	-	-	-	-	-
Income tax expenses related to other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-	-	-	-
Net current-period other comprehensive income (loss)
-11,750	-353	6,720	-878	622	6,800	-1,537	-1,481	-16,213	-65	-9,366	-35,378	-16,358	11,737	-32,065	-20,745	-5,321	26,190	13,673	-29,082	-54,315	1,554	-19,431	37,308	-47,657	16,081	-36,024	-39,993	-913	3,081	-	-	-	-
Comprehensive income
29,398	45,286	49,123	47,955	37,274	45,180	46,454	-218,710	42,578	52,992	64,869	42,313	44,221	51,758	38,637	40,861	53,963	84,338	79,978	30,335	-6,803	47,978	30,496	88,790	-4,268	56,826	7,936	-13,786	26,727	28,130	-	-	-	-
Dividend per share
-	-	-	-	-	-	-	15.00	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	1.07	0.06	0.06	0.06	-	-	-	-	-	-	-	-
Earnings per share:
Dividend per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.06	0.06	0.06	-	-	-	-
Basic
0.49	0.55	0.50	0.59	0.44	0.46	0.57	-2.58	0.70	0.63	0.89	0.92	0.72	0.48	0.85	0.73	0.71	0.69	-0.33	0.71	1.14	1.11	-1.02	1.23	1.04	0.98	1.06	0.63	0.66	0.60	-	-	-	-
Diluted
0.49	0.55	0.51	0.58	0.44	0.46	0.57	-2.58	0.70	0.63	0.88	0.92	0.72	0.48	0.84	0.73	0.71	0.69	-0.34	0.71	1.14	1.11	-1.03	1.23	1.04	0.98	1.05	0.63	0.66	0.60	0.71	0.73	0.68	0.60
Weighted average common shares outstanding:
Basic
83,130	83,129	83,071	83,462	83,818	83,797	84,118	84,214	84,140	84,112	84,080	84,005	83,936	83,907	83,898	83,832	83,730	83,680	167,186	83,630	41,770	41,742	208,526	41,720	41,677	41,653	41,652	41,640	41,605	41,579	-	-	-	-
Diluted
83,475	83,377	83,248	83,537	83,853	83,834	83,751	84,289	84,278	84,266	84,203	84,131	84,135	84,127	84,056	83,968	83,916	83,944	167,591	83,776	41,850	41,839	209,003	41,802	41,774	41,765	41,736	41,724	41,696	41,711	41,679	41,618	41,580	41,566