Company: G
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001398659-25-000035
Chunk: 105

Company: Genpact LTD
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 105
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 by $26.1 million due to the amortization of intangible assets. For additional information, see Note 9—“Goodwill and intangible assets” to our consolidated financial statements under Part IV, Item 15—“Exhibits and Financial Statement Schedules.”  

•Operating lease right-of-use assets decreased by $4.0 million

The decrease in operating lease right-of-use assets is due to amortization, partially offset by assets recognized due to new leases/lease renewals entered into in 2024. For additional information, see Note 11—“Leases” to our consolidated financial statements under Part IV, Item 15—“Exhibits and Financial Statement Schedules.”  

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•Operating lease liability decreased by $12.1 million

The decrease in operating lease liability is due to lease payments made in 2024, partially offset by additions and modifications in 2024.

•Accounts payable, accrued expenses, other current liabilities and other liabilities increased by $96.6 million

The increase in accounts payable, accrued expenses, other current liabilities and other liabilities is primarily due to an increase in accounts payable, expense related accruals, higher mark-to-market losses on derivative financial instruments and employee related accruals in 2024 compared to 2023. This increase was partially offset by a decrease in contract liabilities in 2024 compared to 2023.

•Long-term debt decreased by $35.5 million

The decrease in long-term debt is primarily due to the repayment of our 2019 Senior Notes (as defined below) in 2024 and installment payments made on our term loan in 2024, largely offset by proceeds from the 2024 Senior Notes (as defined below) issued in 2024. For additional information, see Note 13—“Long-term debt” to our consolidated financial statements under Part IV, Item 15—“Exhibits and Financial Statement Schedules.” 

•Net deferred tax assets decreased by $33.6 million

Our net deferred tax assets decreased by $33.6 million in 2024 compared to 2023. For additional information, see Note 22—“Income taxes” to our consolidated financial statements under Part IV, Item 15—“Exhibits and Financial Statement Schedules.”

Liquidity and Capital Resources

Overview

Information about our financial position as of December 31, 2023 and 2024 is presented below:

As of December 31,As of December