Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 12

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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29.8 million in the aggregate, to shareholders of record as of March 11, 2025.

As of March 31, 2025, $559.1 million of our $561.6 million in cash and cash equivalents was held by our non-Bermuda subsidiaries. $158.2 million of this cash was held by subsidiaries for which we expect to incur and have accrued a deferred tax liability on the repatriation of $111.7 million of retained earnings. $194.3 million of the cash and cash equivalents was held by subsidiaries in jurisdictions where no tax is expected to be imposed upon repatriation. The remaining $206.6 million in cash and cash equivalents held by our subsidiaries is being indefinitely reinvested.

52

As of March 31, 2025, the total authorization under our existing share repurchase program was $2,750.0 million, including $500.0 million approved in the first quarter of 2025, of which $584.0 million remained available as of March 31, 2025. Since our share repurchase program was initially authorized in 2015, we have repurchased 65,976,437 of our common shares at a weighted average price of $32.83 per share, for an aggregate purchase price of $2,166.0 million.

During the three months ended March 31, 2024 and 2025, we repurchased 864,925 and 1,206,812 of our common shares, respectively, on the open market at a weighted average price of $34.67 and $52.17 per share, respectively, for an aggregate purchase price of $30.0 million and $63.0 million, respectively. All repurchased shares have been retired. 

For additional information, see Note 15—“Capital stock” under Part I, Item 1—“Unaudited Consolidated Financial Statements” above.

We expect that for the next twelve months and for the foreseeable future, our cash from operations, cash reserves and debt capacity will be sufficient to finance our operations, our growth and expansion plans, dividend payments and additional share repurchases we may make under our share repurchase program. In addition, we may raise additional funds through public or private debt or equity financing. Our working capital needs are primarily to finance our payroll and other administrative and information technology expenses in advance of the receipt of accounts receivable. Our primary capital requirements include opening new delivery centers, expanding existing operations to support our