Genpact LTD
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
G$43.07+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2024 | 2025 | |
| Operating activities | |||
| Net income | $631,255 | $513,670 | $552,494 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 72,530 | 69,778 | 70,667 |
| Amortization of debt issuance costs (including loss on extinguishment of debt) | 1,967 | 2,412 | 2,331 |
| Amortization of acquired intangible assets | 31,463 | 26,476 | 24,292 |
| Write-down of property, plant and equipment (refer to Note 20) | — | — | 2,424 |
| Write-down of operating right-of-use assets (refer to Note 20) | — | — | 7,656 |
| Loss on sale of business classified as held for sale | 802 | — | — |
| Allowance for credit losses (refer to Note 4) | 3,979 | 13,806 | 20,532 |
| Unrealized (gain)/loss on revaluation of foreign currency assets/liabilities | (1,061) | (11,354) | 4,366 |
| Stock-based compensation expense | 88,576 | 66,383 | 89,616 |
| Deferred tax expense (benefit) | (157,932) | 36,610 | 19,943 |
| Others, net | 1,477 | (2,179) | 643 |
| Change in operating assets and liabilities: | |||
| Increase in accounts receivable | (130,791) | (96,555) | (44,221) |
| Increase in prepaid expenses, other current assets, contract cost assets, operating lease right-of-use assets and other assets | (39,075) | (73,512) | (169,594) |
| Increase (decrease) in accounts payable | (8,215) | 8,733 | (6,415) |
| Increase in accrued expenses, other current liabilities, operating leases liabilities and other liabilities | 1,862 | 63,340 | 230,250 |
| Increase (decrease) in income taxes payable | (6,025) | (2,184) | 7,872 |
| Net cash provided by operating activities | $490,812 | $615,424 | $812,856 |
| Investing activities | |||
| Purchase of property, plant and equipment | $(55,421) | $(82,766) | $(78,203) |
| Payment for internally generated intangible assets (including intangibles under development) | (3,356) | (2,469) | (10,326) |
| Purchase of short term investments | — | (23,359) | (350,000) |
| Payment for business acquisitions, net of cash acquired | (682) | — | (80,384) |
| Proceeds from sale of property, plant and equipment | 25 | 2,635 | 59 |
| Payment for divestiture of business | (19,510) | — | — |
| Proceeds from maturity of short term investments | — | — | 23,359 |
| Net cash used for investing activities | $(78,944) | $(105,959) | $(495,495) |
| Financing activities | |||
| Repayment of finance lease obligations | (12,165) | (11,358) | (9,508) |
| Payment of debt issuance and refinancing costs | — | (4,165) | (4,137) |
| Proceeds of long-term debt | — | 400,000 | 350,000 |
| Repayment of long-term debt | (19,875) | (433,125) | (26,500) |
| Proceeds from short-term borrowings | 148,000 | 50,000 | 85,000 |
| Repayment of short-term borrowings | (289,000) | (60,000) | (85,000) |
| Proceeds from issuance of common shares under stock-based compensation plans | 39,485 | 17,215 | 17,506 |
| Payment for net settlement of stock-based awards | (21,529) | (22,278) | (33,381) |
| Payment of earn-out consideration | (2,399) | — | — |
| Dividend paid | (100,014) | (108,466) | (117,747) |
| Payment for stock repurchased and retired (including expenses related to stock repurchased) | (225,499) | (252,671) | (283,048) |
| Net cash used for financing activities | $(482,996) | $(424,848) | $(106,815) |
Consolidated Statements of Cash Flows
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2024 | 2025 | |
| Net increase (decrease) in cash and cash equivalents | (71,128) | 84,617 | 210,546 |
| Effect of exchange rate changes | 8,033 | (20,041) | (4,956) |
| Cash and cash equivalents at the beginning of the period | 646,765 | 583,670 | 648,246 |
| Cash and cash equivalents at the end of the period | $583,670 | $648,246 | $853,836 |
| Supplementary information | |||
| Cash paid during the period for interest (including interest rate swaps) | $47,989 | $68,913 | $59,691 |
| Cash paid during the period for income taxes, net of refund | $156,733 | $113,629 | $143,645 |
| Property, plant and equipment acquired under finance lease obligations | $2,459 | $11,483 | $11,600 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.