Genpact (G) FY2014 results: revenue $2.3 billion, up 6.9% on the year
Genpact Ltd. (G) reported revenue of $2.3 billion for fiscal 2014, the year ended 31 December 2014, up 6.9% on the year before. Net income was $192 million, down 16.4%, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$2.3 billion
+6.9% on the year
FY2008FY2014
Operating margin
12.9%
14.5% a year earlier
FY2008FY2014
Net income
$192 million
-16.4% on the year
FY2008FY2014
Diluted EPS
$0.85
-12.4% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
2,279
2,132
1,902
+6.9%
Cost of revenue
1,378
1,320
1,158
+4.4%
Gross profit
901
812
744
+10.9%
Gross margin
39.5%
38.1%
39.1%
Selling, general and administrative
586
485
457
+20.8%
Operating income
294
310
264
-5.0%
Operating margin
12.9%
14.5%
13.9%
Pre-tax income
250
306
263
-18.5%
Income tax
57.4
71.1
78.4
-19.2%
Effective tax rate
23.0%
23.2%
29.8%
Net income
192
230
178
-16.4%
Net margin
8.4%
10.8%
9.4%
Diluted EPS
$0.85
$0.97
$0.78
-12.4%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
272
312
311
-12.8%
Capital expenditure
62.6
48.9
83.3
+28.0%
Free cash flow
209
263
227
-20.3%
Free cash flow margin
9.2%
12.3%
12.0%
Cash from investing
-193
-78.4
-157
Cash from financing
-177
-65.3
-106
Depreciation and amortisation
79.6
76.5
79.4
+4.1%
Share-based compensation
28.1
31.1
32.2
-9.8%
Buybacks
303
n/a
n/a
Dividend per share
n/a
n/a
$2.24
Diluted shares, weighted
225m
236m
230m
-4.5%
Shares outstanding at period end
219m
231m
225m
-5.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,285
1,323
1,168
-2.8%
Non-controlling interest
0.0
1.3
3.4
Debt
789
658
742
+19.9%
Other liabilities
669
707
692
-5.5%
Total liabilities and equity
2,743
2,689
2,606
+2.0%
Fixed assets
176
173
200
+1.6%
Goodwill
1,057
954
956
+10.8%
Intangible assets
115
99.1
112
+15.6%
Cash and equivalents
462
571
459
-19.2%
Receivables
526
505
452
+4.1%
Other assets
407
387
426
+5.3%
Total assets
2,743
2,689
2,606
+2.0%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.