Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 153

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 153
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 Statement of Income on Derivatives2024202520242025Forward foreign exchange contracts (Note a)Foreign exchange gains (losses), net$(1,165)$3,846 $(435)$8,476 $(1,165)$3,846 $(435)$8,476 (a)These forward foreign exchange contracts were entered into to hedge fluctuations in foreign exchange rates for recognized balance sheet items such as receivables and intercompany borrowings and were not originally designated as hedges under FASB guidance on derivatives and hedging. Realized gains (losses) and changes in the fair value of these derivatives are recorded in foreign exchange gains, net in the consolidated statements of income.

7. Prepaid expenses and other current assets

Prepaid expenses and other current assets consist of the following: As of December 31, 2024As of June 30, 2025Advance income and non-income taxes$69,668 $52,525 Contract asset (Note 19)32,57242,207Prepaid expenses43,93660,597Derivative instruments (Note 6)17,27424,735Employee advances3,1863,085Deposits 3,8864,606Advances to suppliers6,3772,295Others32,99415,066Total$209,893 $205,116 

26

GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

8. Property, plant and equipment, net

 The following table provides the gross and net amount of property, plant and equipment: As of December 31, 2024As of June 30, 2025Property, plant and equipment, gross*$787,509 $821,146 Less: Accumulated depreciation and amortization (579,566)(601,741)Property, plant and equipment, net$207,943 $219,405  *Including capital work in progress

Depreciation expense on property, plant and equipment for the three months ended June 30, 2024 and 2025 was $13,690 and $13,515, respectively, and for the six months ended June 30, 2024 and 2025 was $27,185 and $26,992, respectively. Computer software amortization for the three months ended June 30, 2024 and 202