Genpact (G) FY2019 results: revenue $3.5 billion, up 17.3% on the year
Genpact Ltd. (G) reported revenue of $3.5 billion for fiscal 2019, the year ended 31 December 2019, up 17.3% on the year before. Net income was $305 million, up 8.1%, and diluted earnings per share $1.56. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$3.5 billion
+17.3% on the year
FY2011FY2019
Operating margin
12.2%
11.6% a year earlier
FY2011FY2019
Net income
$305 million
+8.1% on the year
FY2011FY2019
Diluted EPS
$1.56
+7.6% on the year
FY2011FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
3,521
3,001
2,737
+17.3%
Cost of revenue
2,295
1,922
1,684
+19.4%
Gross profit
1,226
1,079
1,055
+13.6%
Gross margin
34.8%
36.0%
38.6%
Selling, general and administrative
795
694
690
+14.6%
Operating income
429
348
331
+23.3%
Operating margin
12.2%
11.6%
12.1%
Pre-tax income
399
362
321
+10.3%
Income tax
94.5
80.8
59.7
+17.1%
Effective tax rate
23.7%
22.3%
18.6%
Net income
305
282
263
+8.1%
Net margin
8.7%
9.4%
9.6%
Diluted EPS
$1.56
$1.45
$1.34
+7.6%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
428
340
359
+26.0%
Capital expenditure
74.9
85.0
57.2
-11.8%
Free cash flow
353
255
302
+38.7%
Free cash flow margin
10.0%
8.5%
11.0%
Cash from investing
-357
-276
-362
Cash from financing
39.6
-135
47.2
Depreciation and amortisation
129
104
94.9
+24.1%
Share-based compensation
83.9
49.0
35.7
+71.2%
Buybacks
30.0
154
220
-80.5%
Dividends paid
64.7
57.1
46.7
+13.3%
Dividend per share
$0.34
$0.07
$0.06
+353.3%
Diluted shares, weighted
195m
194m
197m
+0.6%
Shares outstanding at period end
190m
189m
193m
+0.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,689
1,404
1,424
+20.3%
Redeemable equity
1,689
n/a
4.8
Debt
1,443
1,304
1,216
+10.7%
Operating lease liabilities
302
n/a
n/a
Finance lease liabilities
20.7
n/a
n/a
Other liabilities
n/a
821
805
Total liabilities and equity
4,454
3,529
3,450
+26.2%
Fixed assets
254
213
207
+19.4%
Goodwill
1,574
1,394
1,337
+13.0%
Intangible assets
231
177
132
+30.4%
Cash and equivalents
467
368
504
+26.8%
Receivables
914
774
693
+18.1%
Other assets
1,013
603
576
+68.0%
Total assets
4,454
3,529
3,450
+26.2%
10-K for the year ended 31 December 2019, filed 2 March 2020: the filing.