Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 89

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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 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 growth, financing acquisitions and enhancing capabilities, including building certain digital solutions. 

Cash flows from operating, investing and financing activities, as reflected in our consolidated statements of cash flows, are summarized in the following table:

Three months ended March 31,Percentage Change202420252025 vs. 2024(dollars in millions)Net cash provided by/(used for):Operating activities$(25.6)$40.4 258.2 %Investing activities(24.7)0.8103.2 %Financing activities(48.2)(125.5)(160.5)%Net decrease in cash and cash equivalents$(98.4)$(84.3)14.3 %

Cash flows used for/provided by operating activities. Net cash provided by operating activities was $40.4 million in the three months ended March 31, 2025 compared to cash used for operating activities of $25.6 million in the three months ended March 31, 2024. This change was primarily driven by (i) a $13.9 million increase in net income in the three months ended March 31, 2025 compared to the three months ended March 31, 2024, (ii) a $41.5 million decrease in operating assets and liabilities primarily driven by lower accounts receivable balances and lower other compensation related payments, partially offset by higher vendor related payments and lower service tax refunds in India in the three months ended March 31, 2025 compared to the three months ended March 31, 2024, and (iii) a $10.5 million increase in non-cash expense, primarily due to higher stock-based compensation expense and an unrealized (gain)/ loss