Genpact (G) FY2016 results: revenue $2.6 billion, up 12.8% on the year
Genpact Ltd. (G) reported revenue of $2.6 billion for fiscal 2016, the year ended 31 December 2016, up 12.8% on the year before. Net income was $270 million, up 40.5%, and diluted earnings per share $1.28. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$2.6 billion
+12.8% on the year
FY2008FY2016
Operating margin
13.3%
12.9% a year earlier
FY2008FY2016
Net income
$270 million
+40.5% on the year
FY2008FY2016
Diluted EPS
$1.28
+50.6% on the year
FY2008FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2014
FY2013
On the year
Last 8 years
Revenue
2,571
2,279
2,132
+12.8%
Cost of revenue
1,555
1,378
1,320
+12.8%
Gross profit
1,016
901
812
+12.7%
Gross margin
39.5%
39.5%
38.1%
Selling, general and administrative
653
586
485
+11.5%
Operating income
341
294
310
+15.9%
Operating margin
13.3%
12.9%
14.5%
Pre-tax income
330
250
306
+32.1%
Income tax
62.1
57.4
71.1
+8.1%
Effective tax rate
18.8%
23.0%
23.2%
Net income
270
192
230
+40.5%
Net margin
10.5%
8.4%
10.8%
Diluted EPS
$1.28
$0.85
$0.97
+50.6%
$ 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
FY2016
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
346
272
312
+27.2%
Capital expenditure
81.9
62.6
48.9
+30.9%
Free cash flow
264
209
263
+26.1%
Free cash flow margin
10.3%
9.2%
12.3%
Cash from investing
-126
-193
-78.4
Cash from financing
-233
-177
-65.3
Depreciation and amortisation
81.7
79.6
76.5
+2.7%
Share-based compensation
25.1
28.1
31.1
-10.5%
Buybacks
345
303
n/a
+14.1%
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
210m
225m
236m
-6.7%
Shares outstanding at period end
199m
219m
231m
-9.1%
Balance sheet
$ million
FY2016
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,287
1,285
1,323
+0.1%
Non-controlling interest
n/a
0.0
1.3
Redeemable equity
4.5
n/a
n/a
Debt
897
789
658
+13.8%
Other liabilities
697
669
707
+4.3%
Total liabilities and equity
2,886
2,743
2,689
+5.2%
Fixed assets
193
176
173
+9.8%
Goodwill
1,069
1,057
954
+1.2%
Intangible assets
78.9
115
99.1
-31.1%
Cash and equivalents
423
462
571
-8.5%
Receivables
615
526
505
+17.0%
Other assets
506
407
387
+24.3%
Total assets
2,886
2,743
2,689
+5.2%
10-K for the year ended 31 December 2016, filed 1 March 2019: the filing.