Genpact (G) FY2020 results: revenue $3.7 billion, up 5.4% on the year
Genpact Ltd. (G) reported revenue of $3.7 billion for fiscal 2020, the year ended 31 December 2020, up 5.4% on the year before. Net income was $308 million, up 1.1%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$3.7 billion
+5.4% on the year
FY2012FY2020
Operating margin
11.8%
12.2% a year earlier
FY2012FY2020
Net income
$308 million
+1.1% on the year
FY2012FY2020
Diluted EPS
$1.57
+0.6% on the year
FY2012FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
3,709
3,521
3,001
+5.4%
Cost of revenue
2,418
2,295
1,922
+5.4%
Gross profit
1,291
1,226
1,079
+5.3%
Gross margin
34.8%
34.8%
36.0%
Selling, general and administrative
790
795
694
-0.6%
Operating income
439
429
348
+2.2%
Operating margin
11.8%
12.2%
11.6%
Pre-tax income
400
399
362
+0.3%
Income tax
92.2
94.5
80.8
-2.5%
Effective tax rate
23.0%
23.7%
22.3%
Net income
308
305
282
+1.1%
Net margin
8.3%
8.7%
9.4%
Diluted EPS
$1.57
$1.56
$1.45
+0.6%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
584
428
340
+36.6%
Capital expenditure
70.2
74.9
85.0
-6.3%
Free cash flow
514
353
255
+45.7%
Free cash flow margin
13.9%
10.0%
8.5%
Cash from investing
-266
-357
-276
Cash from financing
-92.0
39.6
-135
Depreciation and amortisation
160
129
104
+24.2%
Share-based compensation
74.0
83.9
49.0
-11.8%
Buybacks
137
30.0
154
+357.0%
Dividends paid
74.2
64.7
57.1
+14.8%
Dividend per share
$0.39
$0.34
$0.07
+14.7%
Diluted shares, weighted
196m
195m
194m
+0.3%
Shares outstanding at period end
189m
190m
189m
-0.6%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,834
1,689
1,404
+8.6%
Redeemable equity
n/a
1,689
n/a
Debt
1,591
1,443
1,304
+10.2%
Operating lease liabilities
289
302
n/a
-4.2%
Finance lease liabilities
31.0
20.7
n/a
+49.4%
Other liabilities
1,128
n/a
821
Total liabilities and equity
4,874
4,454
3,529
+9.4%
Fixed assets
231
254
213
-9.0%
Goodwill
1,696
1,574
1,394
+7.7%
Intangible assets
237
231
177
+2.5%
Cash and equivalents
680
467
368
+45.7%
Receivables
881
914
774
-3.6%
Other assets
1,149
1,013
603
+13.3%
Total assets
4,874
4,454
3,529
+9.4%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.