Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 20

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 20
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 allowance for credit losses, partially offset by lower deferred tax expense and lower amortization of acquired intangible assets in the six months ended June 30, 2025 compared to the six months ended June 30, 2024, and (iii) an $8.8 million increase in operating assets and liabilities primarily driven by higher customer-related payments, lower service tax refunds in India, higher income tax payments, partially offset by lower employee and vendor-related payments in the six months ended June 30, 2025 compared to the six months ended June 30, 2024.

Cash flows used for investing activities. Our net cash used for investing activities was $104.4 million in the six months ended June 30, 2025 compared to $44.4 million in the six months ended June 30, 2024. Net cash used by investing activities increased primarily due to the payment of $80.6 million for business acquisitions, net of cash acquired, in the six months ended June 30, 2025. This increase in net cash used was partially offset by proceeds of $23.4 million from the maturity of term deposits in the six months ended June 30, 2025, compared to no proceeds from investments in the six months ended June 30, 2024.  

Cash flows used for/provided by financing activities. Our net cash used by financing activities was $106.7 million in the six months ended June 30, 2025 compared to net cash provided by financing activities of $202.3 million in the six months ended June 30, 2024. This change was primarily due to (i) lower proceeds from borrowings (net of repayments and debt issuance and refinancing costs), amounting to $71.8 million in the six months ended June 30, 2025 compared to $366.8 million in the six months ended June 30, 2024, (ii) higher payments for the net settlement of stock-based awards, amounting to $30.9 million in the six months ended June 30, 2025 compared to $21.1 million in the six months ended June 30, 2024, and (iii) higher dividend payments of $59.4 million in the six months ended June 30, 2025 compared to $54.8 million in the six months ended June 30, 2024.

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Financing Arrangements

In December 2022, we entered