Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 13

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 13
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 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 on the revaluation of foreign currency assets/liabilities in the three months ended March 31, 2025 compared to the three months ended March 31, 2024. This increase was partially offset by a decrease in the allowance for credit losses and deferred tax expense in the three months ended March 31, 2025 compared to the three months ended March 31, 2024.

Cash flows used for/provided by investing activities. Our net cash provided by investing activities was $0.8 million in the three months ended March 31, 2025 compared to net cash used for investing activities of $24.7 million in the three months ended March 31, 2024. Net cash provided by investing activities increased primarily due to the maturity of $23