Company: G
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001398659-25-000109
Chunk: 163

Company: Genpact LTD
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 163
---
 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 September 30, 2025Advance income and non-income taxes$69,668 $55,769 Contract asset (Note 19)32,57239,184Prepaid expenses43,93655,054Derivative instruments (Note 6)17,27411,898Employee advances3,1863,487Deposits 3,8864,153Advances to suppliers6,3772,705Others32,99418,541Total$209,893 $190,791 

27

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 September 30, 2025Property, plant and equipment, gross*$787,509 $774,092 Less: Accumulated depreciation and amortization (579,566)(593,438)Property, plant and equipment, net$207,943 $180,654  *Including capital work in progress

Depreciation expense on property, plant and equipment for the three months ended September 30, 2024 and 2025 was $13,752 and $14,076, respectively, and for the nine months ended September 30, 2024 and 2025 was $40,937 and $41,068, respectively. Computer software amortization for the three months ended September 30, 2024 and 2025 was $490 and $519, respectively, and for the nine months ended September 30, 2024 and 2025 was $1,538 and $1,594, respectively. 

 9. Goodwill and intangible assets

 The following table presents the changes in goodwill for the year ended December 31, 2024 and the nine months ended September 30, 202