← ExlService Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $61.7m | $48.9m | $56.7m | $67.7m | $89.5m | $114.8m | $143.0m | $184.6m | $198.3m | $251.0m | |
| Depreciation, Depletion and Amortization | $34.6m | $39.0m | $48.7m | $52.2m | $50.5m | $49.7m | $56.1m | $50.3m | $55.2m | $59.2m | |
| Amortization of Intangible Assets | $11.9m | $14.0m | $20.4m | $21.6m | $14.4m | $12.8m | $17.1m | $14.7m | $13.6m | $13.1m | |
| Capitalized Computer Software, Amortization | $336k | — | $1.4m | $2.7m | $4.9m | $4.3m | $6.0m | $9.3m | $12.8m | $13.4m | |
| Depreciation | $22.7m | $24.6m | $28.2m | $30.4m | $36.0m | $36.4m | $39.2m | $35.8m | $41.6m | $45.9m | |
| Deferred Income Tax Expense (Benefit) | ($3.4m) | $731k | ($625k) | ($12.3m) | $2.7m | ($20.3m) | ($19.6m) | ($31.7m) | ($19.9m) | ($15.1m) | |
| Deferred Other Tax Expense (Benefit) | ($878k) | ($1.9m) | ($3.9m) | $3.0m | $2.9m | $350k | $3.8m | $2.5m | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $19.8m | $23.0m | $23.9m | $26.1m | $28.2m | $38.6m | $49.4m | $58.4m | $72.7m | $79.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $807k | $3.3m | $3.1m | $1.5m | $2.1m | $2.8m | $4.1m | $7.9m | $10.3m | $11.1m | |
| Share-based Payment Arrangement, Expense | $19.8m | $23.0m | $23.9m | $26.1m | $28.2m | $38.6m | $49.4m | $58.4m | $72.7m | $79.5m | |
| Goodwill, Impairment Loss | — | — | $14.2m | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | $429k | $0 | |
| Operating Lease, Impairment Loss | — | — | — | $1.4m | — | $0 | $0 | $0 | $0 | $0 | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | $8.7m | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($12.8m) | $0 | $0 | — | — | |
| Income (Loss) from Equity Method Investments | — | — | ($247k) | ($269k) | ($227k) | $47k | $434k | $153k | ($114k) | ($305k) | |
| Income Tax Expense (Benefit) | $22.2m | $36.1m | $3.4m | $15.2m | $25.6m | $31.9m | $47.6m | $53.5m | $62.9m | $63.7m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $19.3m | $17.6m | |
| Operating Lease, Expense | — | — | — | — | — | $26.3m | $21.8m | — | — | — | |
| Other Nonoperating Income (Expense) | $15.4m | $11.9m | $13.0m | $16.5m | $12.1m | $6.8m | ($10k) | $10.8m | $16.1m | $16.1m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $18.1m | $20.5m | $10.0m | $7.1m | ($24.7m) | $37.7m | $68.1m | $49.2m | ($4.6m) | $36.0m | |
| Increase (Decrease) in Accounts Payable | ($2.6m) | $1.7m | ($360k) | $134k | $243k | ($614k) | $2.4m | ($2.8m) | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $5.6m | $2.8m | $4.8m | $3.8m | $4.4m | $4.3m | $6.2m | $1.5m | $891k | $2.9m | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $1.0m | ($1.5m) | $8.6m | $321k | ($402k) | $3.8m | $16.6m | $1.4m | $5.1m | $13.9m | |
| Gain (Loss) on Investments | — | $8.8m | $10.0m | $13.0m | $9.5m | $4.9m | $4.9m | $5.0m | $5.7m | $8.3m | |
| General and Administrative Expense | $88.6m | $102.6m | $116.2m | $126.9m | $113.9m | $142.0m | $169.0m | $198.3m | $225.7m | $255.3m | |
| Goodwill | $186.8m | $204.5m | $350.0m | $349.5m | $349.1m | $403.9m | $405.6m | $405.6m | $420.4m | $419.7m | |
| Nonoperating Income (Expense) | $19.7m | $12.8m | $10.5m | $6.6m | $5.3m | ($9.3m) | ($2.1m) | ($814k) | ($2.3m) | $1.3m | |
| Operating Expenses | $173.8m | $194.5m | $248.4m | $259.4m | $224.5m | $275.5m | $323.3m | $369.0m | $427.4m | $487.3m | |
| Proceeds from Stock Options Exercised | $6.5m | $8.6m | $1.4m | $987k | $1.5m | $710k | $0 | $85k | $675k | $0 | |
| Unrealized Gain (Loss) on Investments | — | — | $7.7m | $10.1m | $7.2m | ($5.1m) | $1.2m | ($17.0m) | $1.5m | $1.8m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $795k | $4.8m | $2.2m | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $100.3m | $113.1m | $92.4m | $168.4m | $203.0m | $184.4m | $166.1m | $211.2m | $268.5m | $350.7m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $25.9m | $35.2m | $40.4m | $40.1m | $42.2m | $37.2m | $44.8m | $52.8m | $46.3m | $52.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $28.7m | $23.3m | $231.8m | $0 | $0 | $76.8m | $3.9m | $0 | $24.3m | $0 | |
| Payments to Acquire Investments | — | $402.7m | $133.4m | $188.0m | $102.5m | $96.0m | $212.6m | $235.4m | $289.0m | $313.5m | |
| Net Cash Provided by (Used in) Investing Activities | ($54.7m) | ($222.7m) | ($277.5m) | ($51.4m) | ($18.3m) | ($114.3m) | ($96.5m) | ($12.0m) | ($119.1m) | ($49.3m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $60.6m | $246.6m | — | — | — | — | — | $290.0m | $235.0m | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | — | $5.6m | $5.0m | $6.2m | |
| Payments for Repurchase of Common Stock | $18.2m | $43.5m | $43.1m | $41.4m | $79.9m | $118.4m | $72.6m | $131.8m | $207.9m | $328.5m | |
| Proceeds from Noncontrolling Interests | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($32.7m) | ($20.5m) | $197.8m | ($93.1m) | ($89.6m) | ($146.9m) | ($81.7m) | ($181.4m) | ($119.1m) | ($312.8m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($2.9m) | ($1.0m) | $3.4m | ($4.9m) | ($6.1m) | $2.0m | ($4.3m) | $5.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $9.9m | $22.9m | $98.5m | ($81.7m) | ($18.2m) | $19.8m | $26.0m | ($5.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $104.1m | $127.0m | $225.5m | $143.8m | $125.6m | $145.4m | $171.4m | $166.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.2m | $1.1m | $4.7m | $10.6m | $7.6m | $6.6m | $8.2m | $13.9m | $19.6m | $17.0m | |
| Income Taxes Paid, Net | $15.7m | $19.1m | $18.5m | $19.1m | $20.6m | $49.8m | $55.6m | $104.9m | $106.4m | $77.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.