| Mar'18 | Mar'17 | Mar'16 | Mar'11 | Mar'10 | Mar'09 | Mar'08 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Profit | ||||||
86,436 | 37,763 | 59,880 | 9,087 | 2,687 | 7,895 | 9,447 |
Adjustments to reconcile profit to net cash generated from operating activities: | ||||||
Depreciation and amortization | ||||||
35,459 | 37,442 | 40,633 | - | - | - | - |
Impairment of goodwill | ||||||
- | 21,673 | - | - | - | - | - |
Share-based compensation expense | ||||||
30,565 | 23,036 | 17,919 | - | - | - | - |
Amortization of debt issue cost | ||||||
488 | 52 | 13 | - | - | - | - |
Allowance for doubtful trade receivables | ||||||
-499 | -1,040 | -774 | - | - | - | - |
Unrealized exchange loss/(gain), net | ||||||
2,663 | -11,123 | 3,997 | - | - | - | - |
Current tax expense | ||||||
24,494 | 25,785 | 19,615 | - | - | - | - |
Interest expense | ||||||
3,778 | 495 | 265 | - | - | - | - |
Interest income | ||||||
3,693 | 2,083 | 1,197 | - | - | - | - |
Dividend income | ||||||
3,570 | 4,131 | 5,039 | - | - | - | - |
Unrealized gain on investments | ||||||
-3 | -6 | -41 | - | - | - | - |
Income from funds held in escrow | ||||||
-239 | -280 | - | - | - | - | - |
Reversal of contingent consideration in relation to acquisition | ||||||
-1,324 | - | - | - | - | - | - |
Loss/ (gain) on sale of property and equipment | ||||||
325 | -143 | 100 | - | - | - | - |
Deferred income taxes | ||||||
-9,063 | -8,255 | 1,565 | - | - | - | - |
Deferred rent | ||||||
1,289 | 1,136 | 631 | - | - | - | - |
Excess tax benefit from share-based compensation expense | ||||||
-685 | -270 | -229 | - | - | - | - |
Unrealized gain on derivative instruments | ||||||
-5,283 | 1,930 | 1,219 | - | - | - | - |
Others, net | ||||||
- | 23 | 98 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||
Trade receivables and unbilled revenue | ||||||
-16,413 | -1,630 | -5,725 | - | - | - | - |
Other assets | ||||||
-4,196 | -2,137 | -9,162 | - | - | - | - |
Trade payables | ||||||
2,029 | -4,203 | -2,290 | - | - | - | - |
Deferred revenue | ||||||
-2,560 | 2,303 | -1,050 | - | - | - | - |
Other liabilities | ||||||
13,722 | 6,914 | 6,532 | - | - | - | - |
Cash generated from operating activities before interest and income taxes: | ||||||
163,636 | 119,677 | 124,322 | - | - | - | - |
Income taxes paid | ||||||
27,265 | 29,462 | 22,472 | - | - | - | - |
Interest paid | ||||||
3,390 | 84 | 215 | - | - | - | - |
Interest received | ||||||
3,327 | 2,004 | 1,232 | - | - | - | - |
Net cash provided by operating activities | ||||||
136,308 | 92,135 | 102,867 | - | - | - | - |
Cash flows from investing activities: | ||||||
Restricted cash, held in escrow | ||||||
- | 5,112 | - | - | - | - | - |
Payment of contingent considerations in relation to acquisitions | ||||||
5,465 | - | - | - | - | - | - |
Proceeds from restricted cash, held in escrow | ||||||
239 | 280 | - | - | - | - | - |
Government grant received | ||||||
200 | - | - | - | - | - | - |
Government grants repaid | ||||||
136 | - | - | - | - | - | - |
Purchase of property and equipment and intangible assets | ||||||
33,684 | 22,867 | 27,455 | - | - | - | - |
Investment in mutual funds | ||||||
52 | 462 | - | - | - | - | - |
Marketable securities (purchased)/sold, net | ||||||
-12,761 | 32,413 | -29,616 | - | - | - | - |
Proceeds from sale of property and equipment | ||||||
367 | 443 | 329 | - | - | - | - |
Investment in fixed deposits | ||||||
26,532 | 24,672 | 14,791 | - | - | - | - |
Proceeds from maturity of fixed deposits | ||||||
30,698 | 15,112 | 8,828 | - | - | - | - |
Dividends received | ||||||
3,570 | 4,127 | 5,040 | - | - | - | - |
Proceeds from maturity of fixed maturity plans ("FMPs") | ||||||
100 | - | 30,115 | - | - | - | - |
Net cash used in investing activities | ||||||
-43,583 | -131,267 | -30,122 | - | - | - | - |
Cash flows from financing activities: | ||||||
Buyback of shares | ||||||
39,546 | 64,224 | 30,461 | - | - | - | - |
Proceeds from exercise of stock options | ||||||
1,347 | 8,941 | 1,303 | - | - | - | - |
Proceeds from long term debt | ||||||
- | 118,000 | - | - | - | - | - |
Payment of debt issuance cost | ||||||
354 | 953 | - | - | - | - | - |
Repayment of long term debt | ||||||
28,100 | - | 13,163 | - | - | - | - |
Repayments of short term borrowings, net | ||||||
- | 475 | 13,058 | - | - | - | - |
Purchase of equity of non-controlling interest | ||||||
52 | - | - | - | - | - | - |
Excess tax benefit from share-based compensation expense | ||||||
685 | 270 | 229 | - | - | - | - |
Net cash (used in)/provided by financing activities | ||||||
-66,020 | 61,559 | -55,150 | - | - | - | - |
Exchange difference on cash and cash equivalents | ||||||
3,321 | 5,522 | -8,189 | - | - | - | - |
Net change in cash and cash equivalents | ||||||
30,026 | 27,949 | 9,406 | - | - | - | - |
Non-cash transactions: Investing activities | ||||||
(ii) Contingent consideration payable towards acquisitions | ||||||
- | 19,678 | - | - | - | - | - |
(iv) Release of restricted cash, held in escrow | ||||||
1,535 | - | - | - | - | - | - |
Non-cash transactions: Financing activities | ||||||
Depreciation and amortization | ||||||
- | - | - | 51,169 | 53,574 | 46,701 | 21,321 |
Share-based compensation | ||||||
- | - | - | 4,014 | 15,127 | 13,422 | 6,816 |
Amortization of debt issue cost | ||||||
- | - | - | 1,501 | 671 | 450 | 0 |
Allowance for doubtful accounts | ||||||
- | - | - | 1,249 | 1,238 | 458 | 1,542 |
(Gain) loss on sale of property and equipment | ||||||
- | - | - | 19 | -19 | -18 | 39 |
Deferred rent | ||||||
- | - | - | -16 | 1,016 | 312 | 1,339 |
Impairment of goodwill, intangibles and other assets | ||||||
- | - | - | - | - | - | 15,464 |
Unrealized gain on marketable securities | ||||||
- | - | - | 0 | 0 | 58 | -8 |
Unrealized loss (gain) on derivative instruments | ||||||
- | - | - | -4,612 | 33 | -313 | 0 |
Deferred income taxes | ||||||
- | - | - | -12,006 | -11,251 | -8,690 | -5,410 |
Excess tax benefits from share-based compensation | ||||||
- | - | - | 569 | 1,825 | 2,226 | -1,613 |
Other, net | ||||||
- | - | - | 56 | 20 | 0 | 0 |
Accounts receivable and unbilled revenue | ||||||
- | - | - | 20,414 | 13,196 | -1,914 | -4,532 |
Other current assets | ||||||
- | - | - | -8,102 | -5,613 | -8,046 | -5,334 |
Accounts payable | ||||||
- | - | - | 13,643 | -3,830 | 3,628 | -4,685 |
Deferred revenue | ||||||
- | - | - | 4,381 | -1,051 | 1,010 | -4,817 |
Other liabilities | ||||||
- | - | - | -28,984 | 5,496 | 5,778 | 11,483 |
Net cash provided by operating activities | ||||||
- | - | - | 35,806 | 54,275 | 62,879 | 41,052 |
Acquisitions, net of cash acquired (See Note 3) | ||||||
- | - | - | 494 | 1,461 | 290,994 | 36,121 |
Subscription of shares in a non-profit organization | ||||||
- | - | - | 2 | 0 | 0 | - |
Facility and property cost | ||||||
- | - | - | 15,263 | 13,257 | 22,693 | 28,134 |
Proceeds from sale of property and equipment, net | ||||||
- | - | - | 309 | 660 | 342 | 178 |
Transfer of delivery centre to AVIVA | ||||||
- | - | - | - | - | - | 1,570 |
Marketable securities and deposits sold (purchased), net | ||||||
- | - | - | -34 | -9,548 | 2,273 | -3,969 |
Net cash used in investing activities | ||||||
- | - | - | -15,416 | -4,510 | -315,618 | -58,538 |
Proceeds from exercise of stock options | ||||||
- | - | - | 779 | 3,933 | 988 | 4,204 |
IPO expenses paid | ||||||
- | - | - | - | - | - | -150 |
Excess tax benefits from share-based compensation | ||||||
- | - | - | 569 | 1,825 | 2,226 | 1,613 |
Proceeds from issue of shares by subsidiary to redeemable noncontrolling interest | ||||||
- | - | - | 0 | 1,348 | 300 | 0 |
Repayment of long term debt | ||||||
- | - | - | 107,750 | 65,000 | 0 | 0 |
Payment of debt issuance cost | ||||||
- | - | - | 1,093 | 87 | 1,197 | 0 |
Proceeds from long term debt | ||||||
- | - | - | 64,895 | 0 | 200,000 | 0 |
Proceeds from (repayments of) short term borrowings, net | ||||||
- | - | - | -13,608 | 4,128 | 2,894 | 0 |
Principal payments under capital leases | ||||||
- | - | - | 0 | 57 | 183 | 0 |
Net cash (used in) provided by financing activities | ||||||
- | - | - | -28,992 | -62,166 | 199,240 | 5,667 |
Effect of exchange rate changes on cash and cash equivalents | ||||||
- | - | - | 3,381 | 5,781 | -10,268 | 2,177 |
Net change in cash and cash equivalents | ||||||
- | - | - | -5,221 | -6,620 | -63,767 | -9,642 |
Cash paid for interest | ||||||
- | - | - | 11,392 | 10,447 | 7,856 | 0 |
Cash paid for income taxes | ||||||
- | - | - | 13,711 | 9,864 | 8,932 | 6,323 |
Assets acquired under capital lease | ||||||
- | - | - | 0 | 0 | 52 | 0 |
Cash flows from related parties | ||||||
- | - | - | 3,580 | 2,106 | -267 | 0 |