Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 33

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 accompanying notes to the Consolidated Financial Statements.

7

GENPACT LIMITED AND ITS SUBSIDIARIES

Consolidated Statements of Cash Flows

(Unaudited)

(In thousands)Three months ended March 31,20242025Operating activitiesNet income$116,947 $130,853 Adjustments to reconcile net income to net cash (used for) provided by operating activities:Depreciation and amortization17,280 16,892 Amortization of debt issuance costs 488 550 Amortization of acquired intangible assets6,927 4,320 Allowance for credit losses (refer to Note 3)10,897 7,294 Unrealized (gain)/loss on revaluation of foreign currency assets/liabilities(6,700)3,207 Stock-based compensation expense9,181 20,036 Deferred tax expense11,510 8,063 Others, net167 (66)Change in operating assets and liabilities:(Increase) Decrease in accounts receivable(40,148)6,972 Increase in prepaid expenses, other current assets, contract cost assets, operating lease right-of-use assets and other assets(22,495)(23,915)Increase in accounts payable285 1,835 Decrease in accrued expenses, other current liabilities, operating leases liabilities and other liabilities(131,129)(140,240)Increase in income taxes payable1,229 4,635 Net cash (used for) provided by operating activities$(25,561)$40,436 Investing activitiesPurchase of property, plant and equipment(24,005)(21,979)Payment for internally generated intangible assets (including intangibles under development)(667)(601)Proceeds from maturity of short term investments— 23,359 Net cash (used for) provided by investing activities$(24,672)$779 Financing activitiesRepayment of finance lease obligations(3,433)(2,349)Repayment of long-term debt(13,250)(6,625)Proceeds from short-term borrowings50,000 — Repayment of short-term borrowings(10,000)— Proceeds from issuance of common shares under stock-based compensation plans 6,797 6,943 Payment for net settlement of stock-based awards(20,820)(30,742)Dividend paid(27,492)(29,784)Payment for stock repurchased and retired (including expenses related to stock