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Genpact LTD (G)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Financial Services  1,184.31,016.81,079.2     
    Consumer and Healthcare  1,626.51,509.51,264.7     
    High Tech and Manufacturing  1,652.31,479.21,388.8     
    Business Process Outsourcing       2,264.3  
    Other   16.7   472.6  
Total revenues   [+]4,371.24,022.23,709.43,520.53,000.82,736.92,570.82,461.0
            Revenue growth   [+]8.7%8.4%5.4%17.3%9.6%6.5%4.5%8.0%
Cost of goods sold  2,834.82,590.32,418.12,294.71,921.81,681.41,554.31,493.5
Gross profit  1,536.41,432.01,291.21,225.91,079.01,055.51,016.4967.5
            Gross margin  35.1%35.6%34.8%34.8%36.0%38.6%39.5%39.3%
Selling, general and administrative  938.4865.7789.8794.9693.9689.5653.0608.1
Equity in earnings     0.00.0-4.5-7.7-10.8
Other operating expenses  53.2-1.219.3-31.0-1.8-1.722.225.2
EBITDA   [+]631.7676.6598.6558.1451.9421.7415.2406.2
            EBITDA margin  14.5%16.8%16.1%15.9%15.1%15.4%16.2%16.5%
Depreciation  86.8109.1116.596.164.958.554.654.3
EBITA  544.8567.4482.1462.0387.0363.1360.7351.9
            EBITA margin  12.5%14.1%13.0%13.1%12.9%13.3%14.0%14.3%
Amortization of intangibles  42.758.443.332.638.936.427.228.5
EBIT   [+]502.2509.0438.7429.4348.1326.7333.5323.4
            EBIT margin  11.5%12.7%11.8%12.2%11.6%11.9%13.0%13.1%
Interest expense  58.158.356.250.848.539.923.429.8
Other income (expense), net   [+]21.232.418.020.862.433.819.68.2
Pre-tax income  465.2483.1400.5399.4362.0320.6329.6301.8
Income taxes  111.8113.792.294.580.859.762.161.9
            Tax rate  24.0%23.5%23.0%23.7%22.3%18.6%18.8%20.5%
Net income  353.4369.4308.3304.9282.0263.1269.7239.8
            Net margin  8.1%9.2%8.3%8.7%9.4%9.6%10.5%9.7%
   
Basic EPS   [+]$1.92$1.97$1.62$1.60$1.48$1.36$1.30$1.11
Diluted EPS   [+]$1.88$1.91$1.57$1.56$1.45$1.34$1.28$1.09
   
Dividends per share   [+]$0.50$0.43$0.39$0.34$0.30$0.24  
   
Shares outstanding (basic)   [+]184.2187.8190.4190.1190.7193.9206.9216.6
Shares outstanding (diluted)   [+]188.1193.0195.8195.2194.0197.0210.1219.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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