Company: G
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001398659-25-000109
Chunk: 186

Company: Genpact LTD
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 186
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 balance sheet.Changes in the Company’s contract asset and liability balances during the three and nine months ended September 30, 2024 and 2025 were a result of normal business activity and not materially impacted by any other factors.The amount of revenue recognized during the three months ended September 30, 2024 and 2025 that was included in the Company's contract liabilities balance at the beginning of each period was $53,189 and $51,149, respectively, and the amount of revenue recognized during the nine months ended September 30, 2024 and 2025 that was included in the Company's contract liabilities balance at the beginning of the period was $98,750 and $94,555, respectively.The following table includes estimated revenue expected to be recognized in the future related to remaining performance obligations as of September 30, 2025:ParticularsTotalLess than 1 year1-3 years3-5 yearsAfter 5 yearsTransaction price allocated to remaining performance obligations$186,506 $125,338 $46,706 $13,441 $1,021 The following table provides details of the Company’s contract cost assets:Three months ended September 30,Nine months ended September 30,2024202520242025ParticularsSales incentive programsTransition activitiesSales incentive programsTransition activitiesSales incentive programsTransition activitiesSales incentive programsTransition activitiesOpening balance$40,252 $163,150 $36,486 $171,012 $41,964 $160,579 $41,348 $159,552 Closing balance40,078160,36235,591168,54740,078160,36235,591168,547Amortization7,60420,0606,58022,42821,28657,07518,54960,711

47

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

20. Other operating (income) expense, net

 Three months ended September 30,Nine months ended September 30,2024202520242025Write-down of property, plant and equipment$— $710 $— $710 Write-down of operating lease right-of-use assets $— $7,024 $— $7,024 Other operating (income) expense$(22)$(110)$(5,561)$(266)Other