Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 34

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 repurchased)(30,002)(62,987)Net cash used for financing activities$(48,200)$(125,544)Net decrease in cash and cash equivalents(98,433)(84,329)Effect of exchange rate changes (6,839)(2,302)Cash and cash equivalents at the beginning of the period583,670 648,246 Cash and cash equivalents at the end of the period$478,398 $561,615 Supplementary informationCash paid during the period for interest$11,393 $7,145 Cash paid during the period for income taxes, net of refund$20,108 $21,402  See accompanying notes to the Consolidated Financial Statements.

8

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

1. Organization

The Company is a global advanced technology services and solutions company.  Powered by its mix of deep industry expertise, operational excellence and advanced technology, the Company helps companies reimagine finance and risk, supply chain and other core industry operations. The Company has over 145,000 employees serving clients in key industry verticals from more than 35 countries. 

2. Summary of significant accounting policies

 (a) Basis of preparation and principles of consolidationThe accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and the rules and regulations of the Securities and Exchange Commission (the “SEC”) for reporting on Form 10-Q. Accordingly, they do not include certain information and note disclosures required by generally accepted accounting principles for annual financial reporting and should be read in conjunction with the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. The accompanying consolidated financial statements reflect all adjustments that management considers necessary for a fair presentation of the results of operations for these periods.The accompanying financial statements have been prepared on a consolidated basis and reflect the financial statements of Genpact Limited, a Bermuda company, and all of its subsidiaries that are more than 50% owned and controlled. When the Company does not have a controlling interest in an entity but exerts significant influence over the entity, the Company applies the equity method of accounting. All intercompany transactions and balances are eliminated in consolidation. (b) Use of estimatesThe preparation of consolidated financial statements in accordance with U.S. GAAP requires management to