Genpact (G) FY2012 results: revenue $1.9 billion, up 18.8% on the year
Genpact Ltd. (G) reported revenue of $1.9 billion for fiscal 2012, the year ended 31 December 2012, up 18.8% on the year before. Net income was $178 million, down 3.3%, and diluted earnings per share $0.78. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$1.9 billion
+18.8% on the year
FY2008FY2012
Operating margin
13.9%
13.5% a year earlier
FY2008FY2012
Net income
$178 million
-3.3% on the year
FY2008FY2012
Diluted EPS
$0.78
-3.7% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,902
1,600
1,259
+18.8%
Cost of revenue
1,158
1,005
789
+15.2%
Gross profit
744
596
470
+25.0%
Gross margin
39.1%
37.2%
37.4%
Selling, general and administrative
457
358
282
+27.6%
Operating income
264
216
178
+22.2%
Operating margin
13.9%
13.5%
14.1%
Pre-tax income
263
262
184
+0.4%
Income tax
78.4
70.7
34.2
+11.0%
Effective tax rate
29.8%
27.0%
18.6%
Net income
178
184
142
-3.3%
Net margin
9.4%
11.5%
11.3%
Diluted EPS
$0.78
$0.81
$0.63
-3.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
311
267
163
+16.5%
Capital expenditure
83.3
35.8
55.2
+132.9%
Free cash flow
227
231
108
-1.5%
Free cash flow margin
12.0%
14.4%
8.6%
Cash from investing
-157
-535
-33.4
Cash from financing
-106
326
-32.3
Depreciation and amortisation
79.4
78.5
74.2
+1.2%
Share-based compensation
32.2
27.8
17.5
+15.8%
Dividend per share
$2.24
n/a
n/a
Diluted shares, weighted
230m
226m
225m
+1.4%
Shares outstanding at period end
225m
222m
221m
+1.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,168
1,433
1,479
-18.5%
Non-controlling interest
3.4
2.6
2.6
+28.4%
Debt
742
355
24.9
+109.0%
Other liabilities
692
613
387
+13.0%
Total liabilities and equity
2,606
2,403
1,893
+8.4%
Fixed assets
200
181
197
+11.0%
Goodwill
956
925
570
+3.3%
Intangible assets
112
113
33.3
-0.8%
Investments
n/a
n/a
77.0
Cash and equivalents
459
408
404
+12.6%
Receivables
452
402
306
+12.3%
Other assets
426
374
306
+13.9%
Total assets
2,606
2,403
1,893
+8.4%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.