Company: G
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001398659-25-000109
Chunk: 68

Company: Genpact LTD
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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rate swaps(1,981)68 917 (2,427)Cost of revenue1,569 (3,052)5,617 (8,771)Treasury rate lock— — (397)— Selling, general and administrative expenses214 (430)1,054 (1,252)Interest expense499 (107)1,244 (331)$(24,537)$(61,945)$(7,146)$(47,888)$2,696 $(4,202)$9,241 $(10,123)

26

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

6. Derivative financial instruments (Continued)There were no gains (losses) recognized in the statement of income on the ineffective portion of derivatives designated as cash flow hedges and excluded from effectiveness testing for the three and nine months ended September 30, 2024 and 2025, respectively.Non-designated HedgesAmount of Gain (Loss) recognized in Statement of Income on DerivativesThree months ended September 30,Nine months ended September 30,Derivatives not designated as hedging instrumentsLocation of Gain (Loss)  recognized in Statement of Income on Derivatives2024202520242025Forward foreign exchange contracts (Note a)Foreign exchange gains (losses), net$(3,473)$(21,770)$(3,908)$(13,294)$(3,473)$(21,770)$(3,908)$(13,294)(a)These forward foreign exchange contracts were entered into to hedge fluctuations in foreign exchange rates for recognized balance sheet 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