Genpact (G) FY2018 results: revenue $3.0 billion, up 9.6% on the year
Genpact Ltd. (G) reported revenue of $3.0 billion for fiscal 2018, the year ended 31 December 2018, up 9.6% on the year before. Net income was $282 million, up 7.2%, and diluted earnings per share $1.45. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$3.0 billion
+9.6% on the year
FY2010FY2018
Operating margin
11.6%
12.1% a year earlier
FY2010FY2018
Net income
$282 million
+7.2% on the year
FY2010FY2018
Diluted EPS
$1.45
+8.2% on the year
FY2010FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,001
2,737
2,571
+9.6%
Cost of revenue
1,922
1,684
1,555
+14.1%
Gross profit
1,079
1,055
1,016
+2.2%
Gross margin
36.0%
38.6%
39.5%
Selling, general and administrative
694
690
653
+0.6%
Operating income
348
331
341
+5.1%
Operating margin
11.6%
12.1%
13.3%
Pre-tax income
362
321
330
+12.9%
Income tax
80.8
59.7
62.1
+35.2%
Effective tax rate
22.3%
18.6%
18.8%
Net income
282
263
270
+7.2%
Net margin
9.4%
9.6%
10.5%
Diluted EPS
$1.45
$1.34
$1.28
+8.2%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
340
359
346
-5.4%
Capital expenditure
85.0
57.2
81.9
+48.5%
Free cash flow
255
302
264
-15.7%
Free cash flow margin
8.5%
11.0%
10.3%
Cash from investing
-276
-362
-126
Cash from financing
-135
47.2
-233
Depreciation and amortisation
104
94.9
81.7
+9.3%
Share-based compensation
49.0
35.7
25.1
+37.3%
Buybacks
154
220
345
-29.9%
Dividends paid
57.1
46.7
n/a
+22.3%
Dividend per share
$0.07
$0.06
$0.00
+25.0%
Diluted shares, weighted
194m
197m
210m
-1.6%
Shares outstanding at period end
189m
193m
199m
-1.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,404
1,424
1,287
-1.4%
Redeemable equity
n/a
4.8
4.5
Debt
1,304
1,216
897
+7.3%
Other liabilities
821
805
697
+2.0%
Total liabilities and equity
3,529
3,450
2,886
+2.3%
Fixed assets
213
207
193
+2.7%
Goodwill
1,394
1,337
1,069
+4.2%
Intangible assets
177
132
78.9
+34.6%
Cash and equivalents
368
504
423
-27.0%
Receivables
774
693
615
+11.7%
Other assets
603
576
506
+4.7%
Total assets
3,529
3,450
2,886
+2.3%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.