ExlService Holdings, Inc. (EXLS) Financial Statements (2023 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 millions)Annual | Quarterly
12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 314 | 403 | 321 | 280 | 265 | 227 | 219 | ||
Cash and cash equivalents | 135 | 219 | 119 | 96 | 87 | 213 | 205 | ||
Short-term investments | 179 | 184 | 202 | 184 | 178 | 13 | 14 | ||
Restricted cash and investments | 6 | 5 | 5 | 6 | 4 | 4 | 2 | ||
Receivables | 194 | 148 | 172 | 165 | 136 | 113 | 93 | ||
Prepaid expense | 30 | 17 | 18 | 11 | 10 | 8 | 8 | ||
Other current assets | 34 | 37 | 25 | 28 | 30 | 21 | 15 | ||
Other undisclosed current assets | 10 | 9 | 6 | 2 | |||||
Total current assets: | 578 | 609 | 541 | 500 | 453 | 379 | 339 | ||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset | 0 | 0 | ✕ | ✕ | ✕ | ✕ | |||
Operating lease, right-of-use asset | 77 | 92 | 86 | ✕ | ✕ | ✕ | ✕ | ||
Property, plant and equipment | 86 | 18 | 79 | 74 | 67 | 49 | 48 | ||
Long-term investments and receivables | 3 | 3 | 2 | 3 | 3 | ||||
Long-term investments | 3 | 3 | 2 | 3 | 3 | ||||
Intangible assets, net (including goodwill) | 485 | 409 | 424 | 445 | 253 | 241 | 224 | ||
Goodwill | 404 | 349 | 350 | 350 | 204 | 187 | 172 | ||
Intangible assets, net (excluding goodwill) | 81 | 60 | 74 | 95 | 49 | 54 | 53 | ||
Contract with customer, asset, net | 3 | ✕ | ✕ | ✕ | |||||
Capitalized contract cost, net | 3 | ✕ | ✕ | ✕ | |||||
Regulated entity, other noncurrent assets | 1 | ||||||||
Restricted cash and investments | 2 | 2 | 2 | 3 | 4 | 3 | 3 | ||
Deferred income tax assets | 21 | 8 | 12 | ✕ | ✕ | ✕ | ✕ | ||
Other noncurrent assets | 30 | 32 | 36 | 31 | 36 | 20 | 22 | ||
Other undisclosed noncurrent assets | 68 | 7 | 9 | 15 | 14 | ||||
Total noncurrent assets: | 705 | 639 | 642 | 562 | 372 | 328 | 312 | ||
TOTAL ASSETS: | 1,283 | 1,248 | 1,183 | 1,062 | 825 | 707 | 651 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 197 | 145 | 151 | 126 | 123 | 97 | 85 | ||
Accounts payable | 7 | 7 | 7 | 6 | 6 | 3 | 6 | ||
Accrued liabilities | 75 | 66 | 71 | 64 | 61 | 43 | 34 | ||
Employee-related liabilities | 114 | 68 | 72 | 55 | 56 | 51 | 45 | ||
Taxes payable | 1 | 3 | 1 | 1 | |||||
Deferred revenue | 20 | 33 | 13 | ✕ | ✕ | ✕ | ✕ | ||
Debt | 260 | 25 | 65 | 22 | 11 | 10 | 10 | ||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 11 | 17 | 12 | ||
Contract with customer, liability | ✕ | ✕ | ✕ | 8 | ✕ | ✕ | ✕ | ||
Other undisclosed current liabilities | 18 | 19 | |||||||
Total current liabilities: | 496 | 221 | 229 | 155 | 144 | 124 | 107 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 69 | 287 | 269 | 264 | 51 | 35 | 60 | ||
Long-term debt, excluding current maturities | 202 | 194 | 263 | 50 | 35 | 60 | |||
Finance lease, liability | 0 | ✕ | ✕ | ✕ | ✕ | ||||
Capital lease obligations | ✕ | ✕ | ✕ | 0 | 0 | 0 | 0 | ||
Operating lease, liability | 69 | 85 | 75 | ✕ | ✕ | ✕ | ✕ | ||
Liabilities, other than long-term debt, including: | 26 | 21 | 14 | 17 | 16 | 15 | 18 | ||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 8 | 7 | 7 | ||
Accounts payable and accrued liabilities | 2 | 2 | 2 | ||||||
Contract with customer, liability | ✕ | ✕ | ✕ | 1 | ✕ | ✕ | ✕ | ||
Deferred rent credit | 8 | ✕ | ✕ | ✕ | |||||
Deferred income tax liabilities | 1 | 1 | 1 | ✕ | ✕ | ✕ | ✕ | ||
Liability for uncertainty in income taxes | 1 | 1 | 4 | ||||||
Liability, pension and other postretirement and postemployment benefits | 4 | 3 | 2 | 1 | |||||
Other liabilities | 23 | 18 | 12 | 0 | 3 | 1 | 6 | ||
Derivative instruments and hedges, liabilities | 3 | 0 | 1 | 1 | |||||
Other undisclosed liabilities, other than long-term debt | 3 | ||||||||
Other undisclosed noncurrent liabilities | 8 | 14 | |||||||
Total noncurrent liabilities: | 94 | 308 | 284 | 289 | 80 | 50 | 78 | ||
Total liabilities: | 590 | 529 | 513 | 444 | 225 | 174 | 185 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent | 693 | 719 | 670 | 618 | 600 | 532 | 466 | ||
Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Treasury stock, value | (369) | (268) | (188) | (147) | (104) | (60) | (42) | ||
Additional paid in capital | 396 | 421 | 391 | 364 | 322 | 285 | 254 | ||
Accumulated other comprehensive loss | (89) | (75) | (85) | (83) | (46) | (75) | (67) | ||
Retained earnings | 756 | 641 | 552 | 484 | 427 | 383 | 321 | ||
Stockholders' equity attributable to noncontrolling interest | 0 | 0 | 0 | 0 | |||||
Total stockholders' equity: | 693 | 719 | 670 | 618 | 600 | 532 | 466 | ||
TOTAL LIABILITIES AND EQUITY: | 1,283 | 1,248 | 1,183 | 1,062 | 825 | 707 | 651 |
Income Statement (P&L) ($ in millions) Annual | Quarterly
12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 1,122 | 958 | 991 | 883 | 762 | 686 | 628 | |
Revenue, net | ✕ | ✕ | ✕ | ✕ | 762 | 686 | 628 | |
Cost of revenue (Cost of Goods and Services Sold) | (691) | (624) | (655) | (496) | ||||
Other undisclosed gross profit | (585) | (448) | (403) | |||||
Gross profit: | 431 | 334 | 336 | 298 | 267 | 238 | 226 | |
Operating expenses | (275) | (224) | (259) | (248) | (194) | (174) | (158) | |
Operating income: | 156 | 110 | 76 | 50 | 72 | 64 | 67 | |
Nonoperating income | 11 | 16 | 20 | 18 | 15 | 21 | 8 | |
Foreign currency transaction gain, before tax | 4 | 4 | 4 | 5 | 3 | 6 | 3 | |
Other nonoperating income | 7 | 12 | 17 | 13 | 12 | 15 | 6 | |
Interest and debt expense | (20) | (11) | (14) | (7) | (2) | (1) | (1) | |
Income from continuing operations before equity method investments, income taxes: | 147 | 115 | 83 | 60 | 85 | 84 | 74 | |
Income (loss) from equity method investments | 0 | (0) | (0) | |||||
Other undisclosed income (loss) from continuing operations before income taxes | (0) | 0 | 0 | 1 | ||||
Income from continuing operations before income taxes: | 147 | 115 | 83 | 60 | 85 | 84 | 76 | |
Income tax expense | (32) | (26) | (15) | (3) | (36) | (22) | (24) | |
Net income: | 115 | 90 | 68 | 57 | 49 | 62 | 52 | |
Other undisclosed net income (loss) attributable to parent | 0 | (0) | (0) | (0) | ||||
Net income available to common stockholders, diluted: | 115 | 89 | 68 | 57 | 49 | 62 | 52 |
Comprehensive Income ($ in millions)Annual | Quarterly
12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 115 | 90 | 68 | 57 | 49 | 62 | 52 | |
Other comprehensive income (loss) | (14) | 10 | (1) | (38) | 29 | (8) | (12) | |
Comprehensive income: | 100 | 100 | 67 | 19 | 78 | 54 | 40 | |
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 0 | (0) | (0) | (0) | ||||
Comprehensive income, net of tax, attributable to parent: | 100 | 99 | 66 | 19 | 78 | 54 | 40 |
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.