G FY 2023 Earnings Report — Genpact Limited Revenue & Financial Results | Market Cap Arena

Genpact LimitedG

FY 2023 Earnings

Reported February 29, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$4.5B	—	$4.4B	—	2.4%
Op. Income	$631M	—	$502M	—	25.6%
Gross Margin	35.1%	—	35.1%	—	-0.1pp
Net Margin	14.1%	—	8.1%	—	6.0pp
EPS (Diluted)	$3.41	—	$1.88	—	81.4%
Free Cash Flow	$432M	—	$389M	—	11.0%

Revenue Flow

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$913M
Other Expenses	$27M
Operating Expenses	$940M
Cost & Expenses	$3.8B
OPERATING INCOME	$631M
Interest Income	$18M
Interest Expense	$66M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$602M
Income Tax Expense	-$29M
Net Income from Continuing Ops	$631M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$631M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$631M
D&A	$104M
EBIT	$669M
EBITDA	$773M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$913M
Other Expenses	$27M
Operating Expenses	$940M
Cost & Expenses	$3.8B
OPERATING INCOME	$631M
Interest Income	$18M
Interest Expense	$66M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$602M
Income Tax Expense	-$29M
Net Income from Continuing Ops	$631M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$631M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$631M
D&A	$104M
EBIT	$669M
EBITDA	$773M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$631M
Depreciation & Amortization	$93M
Stock-Based Compensation	$0
Deferred Income Tax	-$158M
Other Non-Cash Items	$107M
Change in Working Capital	-$182M
OPERATING CASH FLOW	$491M
Capital Expenditure	-$59M
Acquisitions (Net)	-$20M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$79M
Net Debt Issuance	-$173M
Common Stock Repurchased	-$225M
Common Dividends Paid	-$100M
Other Financing Activities	-$24M
NET CASH FROM FINANCING	-$483M
FREE CASH FLOW	$432M
Net Change in Cash	-$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$584M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$394M
Goodwill	$1.7B
Intangible Assets	$53M
Long-Term Investments	$101M
Tax Assets	$299M
Other Non-Current Assets	$384M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$4.8B
Account Payables	$28M
Short-Term Debt	$442M
Deferred Revenue	$112M
Other Current Liabilities	$281M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$825M
Deferred Revenue NC	$59M
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$169M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.6B
Common Stock	$2M
Additional Paid-In Capital	$1.9B
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$723M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$1.5B
Net Debt	$919M