Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 64

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 exchange contracts$(1,559)$2,713 14,890 16,552 Revenue$521 $(155)$912 $844 Interest rate swaps$60 $(1,098)2,898 (2,495)Cost of revenue2,303 (369)4,048 (5,719)Treasury rate lock$(397)$— (397)— Selling, general and administrative expenses332 (52)840 (822)Interest expense429 (117)745 (224)$(1,896)$1,615 17,391 14,057 $3,585 $(693)$6,545 $(5,921)

25

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 six months ended June 30, 2024 and 2025, respectively.Non-designated HedgesAmount of Gain (Loss) recognized in Statement of Income on DerivativesThree months ended June 30,Six months ended June 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$(1,165)$3,846 $(435)$8,476 $(1,165)$3,846 $(435)$8,476 (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 June 30, 2025Advance income and non-income taxes$69,668 $52,525 Contract asset (Note 19)32,