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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments250,058203,777297,696262,151265,245269,234
Cash and cash equivalents93,96087,298118,66989,262106,304106,540
Short-term investments156,098116,479179,027172,889158,941162,694
Restricted cash and investments4,6285,5984,8977,0136,8406,274
Receivables288,305290,512259,222256,911237,453239,279
Prepaid expense     28,33329,454
Other current assets70,18666,34050,97954,50923,14328,377
Total current assets:613,177566,227612,794580,584561,014572,618
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization518564500423369353
Operating lease, right-of-use asset58,42352,78255,34761,96667,96275,147
Property, plant and equipment93,17086,08882,32879,51082,28085,257
Long-term investments and receivables16,08535,55934,77934,724 3,118
Long-term investments16,08535,55934,77934,724 3,118
Intangible assets, net (including goodwill)462,390466,505470,456474,789479,873481,139
Goodwill405,903405,824405,637405,781406,575404,561
Intangible assets, net (excluding goodwill)56,48760,68164,81969,00873,29876,578
Restricted cash and investments2,0722,0692,0551,9962,0562,255
Deferred income tax assets68,61262,25255,79154,89840,92422,447
Other noncurrent assets48,25536,52532,06929,83853,19532,215
Other undisclosed noncurrent assets     3,261 
Total noncurrent assets:749,525742,344733,325738,144729,920701,931
TOTAL ASSETS:1,362,7021,308,5711,346,1191,318,7281,290,9341,274,549
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities107,499136,784103,141216,314190,735145,242
Interest and dividends payable365282
Taxes payable23,41021,3481,259
Employee-related liabilities92,25275,69852,276
Accounts payable3,0193,3847,7893,4874,3774,796
Accrued liabilities104,480133,40095,35296,80089,03086,911
Deferred revenue20,75521,52518,78219,27922,01322,571
Debt30,16740,17630,00035,00035,00035,000
Other undisclosed current liabilities100,64282,419126,02316,37518,26619,308
Total current liabilities:259,063280,904277,946286,968266,014222,121
Noncurrent Liabilities
Long-term debt and lease obligation190,000160,000220,000289,174309,224326,173
Long-term debt, excluding current maturities190,000160,000220,000235,000250,000260,000
Liabilities, other than long-term debt79,42572,44589,99438,00230,04325,914
Accounts payable and accrued liabilities     1,7901,790
Deferred income tax liabilities507493547759841928
Other liabilities28,34326,29741,29237,24327,41223,196
Operating lease, liability50,57545,65548,15554,17459,22466,173
Total noncurrent liabilities:269,425232,445309,994327,176339,267352,087
Total liabilities:528,488513,349587,940614,144605,281574,208
Equity
Equity, attributable to parent834,214795,222758,179704,584685,653700,341
Common stock404040404040
Treasury stock, value(513,307)(484,294)(441,931)(441,001)(429,480)(400,674)
Additional paid in capital472,124460,527445,108432,492420,306406,966
Accumulated other comprehensive loss(124,147)(131,487)(144,143)(154,203)(133,374)(98,306)
Retained earnings999,504950,436899,105867,256828,161792,315
Total equity:834,214795,222758,179704,584685,653700,341
TOTAL LIABILITIES AND EQUITY:1,362,7021,308,5711,346,1191,318,7281,290,9341,274,549

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues404,996400,643374,703361,351346,782329,208
Cost of revenue
(Cost of Goods and Services Sold)
(253,220)(251,469)(237,410)(230,462)(221,207)(207,516)
Gross profit:151,776149,174137,293130,889125,575121,692
Operating expenses(86,965)(89,726)(86,298)(80,778)(78,494)(77,717)
Operating income:64,81159,44850,99550,11147,08143,975
Nonoperating income (expense)2,9853,260(2,992)3,7651,2494,167
Gain, foreign currency transaction, before tax3241051,5161,5041,4231,756
Other nonoperating income (expense)2,6613,155(4,508)2,261(174)2,411
Interest and debt expense(3,240)(3,385)(3,432)(2,442)(1,502)(876)
Income from continuing operations before equity method investments, income taxes:64,55659,32344,57151,43446,82847,266
Income from equity method investments666669108143114
Other undisclosed loss from continuing operations before income taxes   (434)   
Income from continuing operations before income taxes:64,62259,38944,20651,54246,97147,380
Income tax expense(15,554)(8,058)(12,791)(12,447)(11,125)(11,202)
Income from continuing operations:49,06851,33131,41539,09535,84636,178
Income before gain (loss) on sale of properties:39,09535,84636,178
Net income:49,06851,33131,41539,09535,84636,178
Other undisclosed net income attributable to parent   434   
Net income available to common stockholders, diluted:49,06851,33131,84939,09535,84636,178

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:49,06851,33131,41539,09535,84636,178
Other comprehensive income (loss)7,34012,65610,060(20,829)(35,068)(8,832)
Comprehensive income:56,40863,98741,47518,26677827,346
Other undisclosed comprehensive income, net of tax, attributable to parent   434   
Comprehensive income, net of tax, attributable to parent:56,40863,98741,90918,26677827,346

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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