Company: G
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001398659-25-000109
Chunk: 211

Company: Genpact LTD
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 211
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(64.7)(123.6)(91.1)%Financing activities92.6(315.6)(440.9)%Net increase in cash and cash equivalents$440.0 $86.9 (80.3)%

Cash flows provided by operating activities. Net cash provided by operating activities was $526.2 million in the nine months ended September 30, 2025 compared to $412.2 million in the nine months ended September 30, 2024. This increase was primarily driven by (i) a $37.6 million increase in net income in the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024, (ii) a $36.4 million increase in non-cash expense, primarily due to higher stock-based compensation expense, an unrealized (gain)/loss on the revaluation of foreign currency assets/liabilities, a higher allowance for credit losses and the write-down of operating right-of-use assets of abandoned leased premises  in the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024, and (iii) a $40.0 million decrease in operating assets and liabilities primarily driven by lower investment in accounts receivable, higher customer advances, lower employee payments, partially offset by lower service tax refunds in India, higher income tax payments and higher customer-related payments in the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024.

During the quarter ended September 30, 2025, we entered into a contract with a client providing that the client would pay us in 2025 for services to be rendered by us through 2026. As of September 30, 2025, we had received $45.0 million under this arrangement, which contributed to higher cash flows from operating activities for the nine months ended September 30, 2025. Although we may receive additional prepayments during the fourth quarter of 2025, none are guaranteed under the terms of this arrangement.

Cash flows used for investing activities. Our net cash used for investing activities was $123.6 million in the nine months ended September 30, 2025 compared to $64.7 million in the nine months ended September 30, 2024. Net cash used for investing activities increased primarily due to the payment of $80.4 million for business acquisitions, net of cash acquired, and a