ExlService Holdings, Inc. (EXLS) Financial Statements (2024 and earlier)

Company Profile

Business Address 320 PARK AVENUE
NEW YORK, 10022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments297,696313,875402,816321,403280,370265,274
Cash and cash equivalents118,669135,337218,530119,16595,88186,795
Short-term investments179,027178,538184,286202,238184,489178,479
Restricted cash and investments4,8976,1744,6905,4535,6083,674
Receivables259,222194,232147,635171,864164,752135,705
Prepaid expense  29,85417,02817,94411,3269,781
Other current assets50,97934,00937,10924,59428,24029,582
Other undisclosed current assets     9,6398,801
Total current assets:612,794578,144609,278541,258499,935452,817
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization500346471 
Operating lease, right-of-use asset55,34776,69291,91886,396
Property, plant and equipment82,32885,66218,37179,14273,51066,757
Long-term investments and receivables34,7793,0042,9572,4842,7533,000
Long-term investments34,7793,0042,9572,4842,7533,000
Intangible assets, net (including goodwill)470,456484,984408,682423,511445,479253,439
Goodwill405,637403,902349,088349,529349,984204,481
Intangible assets, net (excluding goodwill)64,81981,08259,59473,98295,49548,958
Contract with customer, asset, after allowance for credit loss   2,623  
Capitalized contract cost, net   2,743  
Regulated entity, other noncurrent assets   804   
Restricted cash and investments2,0552,2992,2992,4262,6423,808
Deferred income tax assets55,79121,4047,74911,855
Other noncurrent assets32,06930,36932,09936,01631,01536,369
Other undisclosed noncurrent assets   67,863 6,6028,585
Total noncurrent assets:733,325704,760638,579641,830562,001371,958
TOTAL ASSETS:1,346,1191,282,9041,247,8571,183,0881,061,936824,775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities103,141197,183144,535150,645125,727122,948
Taxes payable9013,4881,4321,012 
Employee-related liabilities114,28567,64571,62654,89355,664
Accounts payable7,7896,8736,9926,5645,6535,918
Accrued liabilities95,35275,12466,41071,02364,16961,366
Deferred revenue18,78220,00032,64913,436
Debt30,000260,01625,00065,26821,64610,585
Deferred revenue and credits10,716
Contract with customer, liability7,722
Other undisclosed current liabilities126,02318,48718,894   
Total current liabilities:277,946495,686221,078229,349155,095144,249
Noncurrent Liabilities
Long-term debt and lease obligation220,00068,506286,835269,270263,55650,722
Long-term debt, excluding current maturities220,000 201,961194,131263,24150,391
Capital lease obligations315331
Finance lease, liability    430
Liabilities, other than long-term debt89,99425,55620,77214,46816,52116,202
Deferred revenue and credits8,176
Accounts payable and accrued liabilities  1,7901,7901,790  
Contract with customer, liability945
Deferred rent credit     7,834
Deferred income tax liabilities547965847966
Liability for uncertainty in income taxes     804892
Liability, pension and other postretirement and postemployment benefits     3,6163,377
Other liabilities41,29222,80118,13511,7122473,435
Operating lease, liability48,15568,50684,87474,709
Derivative instruments and hedges, liabilities     3,075322
Other undisclosed noncurrent liabilities     8,44513,557
Total noncurrent liabilities:309,99494,062307,607283,738288,52280,481
Total liabilities:587,940589,748528,685513,087443,617224,730
Equity
Equity, attributable to parent758,179693,156719,172670,001618,069599,821
Common stock404039393837
Treasury stock, value(441,931)(369,289)(268,238)(188,289)(146,925)(103,816)
Additional paid in capital445,108395,742420,976391,240364,179322,246
Accumulated other comprehensive loss(144,143)(89,474)(74,984)(84,892)(83,467)(45,710)
Retained earnings899,105756,137641,379551,903484,244427,064
Equity, attributable to noncontrolling interest     250224
Total equity:758,179693,156719,172670,001618,319600,045
TOTAL LIABILITIES AND EQUITY:1,346,1191,282,9041,247,8571,183,0881,061,936824,775

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,412,0441,122,293958,434991,346883,112762,310
Revenue, net762,310
Cost of revenue
(Cost of Goods and Services Sold)
(896,595)(690,934)(623,936)(655,490) (495,586)
Other undisclosed gross profit     (584,855) 
Gross profit:515,449431,359334,498335,856298,257266,724
Operating expenses(323,287)(275,478)(224,476)(259,403)(248,436)(194,499)
Operating income:192,162155,881110,02276,45349,82172,225
Nonoperating income6,18911,08616,49720,25917,77614,698
Gain, foreign currency transaction, before tax6,1994,3134,4323,7524,7872,839
Other nonoperating income (expense)(10)6,77312,06516,50712,98911,859
Interest and debt expense(8,252)(20,406)(11,190)(13,612)(7,227)(1,889)
Income from continuing operations before equity method investments, income taxes:190,099146,561115,32983,10060,37085,034
Income (loss) from equity method investments43447(227)(269)  
Other undisclosed income (loss) from continuing operations before income taxes(434)(47)227269  
Income from continuing operations before income taxes:190,099146,561115,32983,10060,37085,034
Income tax expense(47,565)(31,850)(25,626)(15,172)(3,397)(36,146)
Income from continuing operations:142,534114,71189,70367,92856,97348,888
Income before gain (loss) on sale of properties:114,71189,70367,92856,97348,888
Net income:142,534114,71189,70367,92856,97348,888
Other undisclosed net income (loss) attributable to parent43447(227)(269)(247) 
Net income available to common stockholders, diluted:142,968114,75889,47667,65956,72648,888

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:142,534114,71189,70367,92856,97348,888
Other comprehensive income (loss)(54,669)(14,490)9,908(1,425)(37,757)29,347
Comprehensive income:87,865100,22199,61166,50319,21678,235
Other undisclosed comprehensive income (loss), net of tax, attributable to parent43447(227)(269)(247) 
Comprehensive income, net of tax, attributable to parent:88,299100,26899,38466,23418,96978,235

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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