Balance Sheet ExlService Holdings, Inc.

Equities

EXLS

US3020811044

Business Support Services

Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-13 pm EST			5-day change	1st Jan Change
46.25 ^USD	+2.53%		+3.58%	+4.21%

Nov. 19	ExlService Receives Contract From Data Communications Company for Service Desk Operations	MT
Nov. 14	Exlservice Holdings Insider Sold Shares Worth $9,324,000, According to a Recent SEC Filing	MT

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Published financial data: EXLSERVICE HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	991M	958M	1.12B	1.41B	1.63B
Total Revenues	991M	958M	1.12B	1.41B	1.63B
Cost of Goods Sold, Total	655M	624M	691M	897M	1.02B
Gross Profit	336M	334M	431M	515M	608M
Selling General & Admin Expenses, Total	199M	175M	226M	268M	319M
Depreciation & Amortization - (IS)	51.98M	50.46M	49.13M	56.28M	50.49M
Other Operating Expenses, Total	251M	225M	276M	324M	369M
Operating Income	84.98M	109M	156M	191M	238M
Interest Expense, Total	-13.61M	-11.19M	-7.56M	-8.25M	-13.18M
Interest And Investment Income	2.4M	2.6M	2.73M	5.23M	8.03M
Net Interest Expenses	-11.21M	-8.6M	-4.84M	-3.02M	-5.15M
Income (Loss) On Equity Invest.	-269K	-227K	47K	434K	153K
Currency Exchange Gains (Loss)	3.75M	4.43M	4.31M	6.2M	1.53M
Other Non Operating Income (Expenses)	1.29M	671K	-2K	-944K	121K
EBT, Excl. Unusual Items	78.54M	106M	155M	194M	235M
Restructuring Charges	-8.67M	-	-	-	-
Merger & Related Restructuring Charges	-	-	-761K	-134K	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	12.96M	9.52M	4.89M	4.91M	5.01M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-12.84M	-8.25M	-1.9M
EBT, Incl. Unusual Items	82.83M	115M	147M	191M	238M
Income Tax Expense	15.17M	25.63M	31.85M	47.56M	53.54M
Earnings From Continuing Operations	67.66M	89.48M	115M	143M	185M
Net Income to Company	67.66M	89.48M	115M	143M	185M
Net Income - (IS)	67.66M	89.48M	115M	143M	185M
Net Income to Common Incl Extra Items	67.66M	89.48M	115M	143M	185M
Net Income to Common Excl. Extra Items	67.66M	89.48M	115M	143M	185M
Per Share Items
Net EPS - Basic	0.39	0.52	0.68	0.86	1.11
Basic EPS - Continuing Operations	0.39	0.52	0.68	0.86	1.11
Basic Weighted Average Shares Outstanding	172M	171M	168M	167M	166M
Net EPS - Diluted	0.39	0.52	0.67	0.85	1.1
Diluted EPS - Continuing Operations	0.39	0.52	0.67	0.85	1.1
Diluted Weighted Average Shares Outstanding	174M	173M	171M	169M	168M
Normalized Basic EPS	0.29	0.39	0.58	0.73	0.88
Normalized Diluted EPS	0.28	0.38	0.57	0.72	0.87
Supplemental Items
EBITDA	134M	155M	201M	242M	280M
EBITA	107M	124M	169M	208M	253M
EBIT	84.98M	109M	156M	191M	238M
EBITDAR	161M	182M	235M	268M	304M
Effective Tax Rate - (Ratio)	18.32	22.26	21.72	24.96	22.49
Current Domestic Taxes	10.82M	7.95M	18.53M	43.42M	51.45M
Current Foreign Taxes	16.69M	14.98M	33.64M	23.7M	33.83M
Total Current Taxes	27.52M	22.93M	52.18M	67.12M	85.28M
Deferred Domestic Taxes	-13.91M	1.34M	-15.95M	-17.62M	-32.02M
Deferred Foreign Taxes	1.57M	1.35M	-4.37M	-1.93M	282K
Total Deferred Taxes	-12.34M	2.7M	-20.33M	-19.55M	-31.74M
Normalized Net Income	49.09M	65.99M	97.08M	121M	147M
Interest on Long-Term Debt	7.77M	7.95M	5.3M	59K	90K
Non-Cash Pension Expense	148K	722K	842K	952K	427K
Supplemental Operating Expense Items
Selling and Marketing Expenses	71.84M	60.12M	84.31M	97.99M	120M
General and Administrative Expenses	127M	114M	141M	169M	198M
Research And Development Expense From Footnotes	2.74M	4.89M	4.25M	5.96M	9.28M
Net Rental Expense, Total	27.19M	27.15M	33.95M	26.82M	24.56M
Imputed Operating Lease Interest Expense	9.55M	7.3M	6.05M	5.36M	8.85M
Imputed Operating Lease Depreciation	17.63M	19.85M	27.9M	21.46M	15.71M
Stock-Based Comp., COGS (Total)	5.9M	6.3M	7.87M	11.54M	14.69M
Stock-Based Comp., S&M Exp. (Total)	10.16M	10.93M	14.35M	17.82M	22.18M
Stock-Based Comp., G&A Exp. (Total)	10.01M	11.01M	16.4M	20.02M	21.57M
Total Stock-Based Compensation	26.07M	28.24M	38.62M	49.37M	58.44M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	119M	219M	135M	119M	137M
Short Term Investments	202M	184M	179M	179M	154M
Total Cash And Short Term Investments	321M	403M	314M	298M	291M
Accounts Receivable, Total	173M	149M	196M	260M	311M
Other Receivables	12.61M	15.83M	18.92M	15.72M	18.5M
Total Receivables	186M	165M	214M	276M	329M
Prepaid Expenses	13.25M	11.34M	14.66M	18.13M	18.17M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	5.45M	4.69M	6.17M	4.9M	4.06M
Other Current Assets, Total	15.27M	25.15M	28.97M	16.22M	37.17M
Total Current Assets	541M	609M	578M	613M	680M
Gross Property Plant And Equipment	330M	359M	359M	325M	342M
Accumulated Depreciation	-175M	-187M	-206M	-202M	-198M
Net Property Plant And Equipment	155M	172M	154M	123M	144M
Long-term Investments	4.47M	3.17M	3.19M	34.78M	4.43M
Goodwill	350M	349M	404M	406M	406M
Other Intangibles, Total	84.78M	71.97M	90.14M	80.23M	71.38M
Accounts Receivable Long-Term	3.98M	2.62M	1.2M	1.86M	6.84M
Deferred Tax Assets Long-Term	11.86M	7.75M	21.4M	55.79M	82.93M
Deferred Charges Long-Term	5.58M	2.74M	4.31M	12.69M	21.37M
Other Long-Term Assets, Total	26.9M	28.82M	26.96M	19.57M	25.7M
Total Assets	1.18B	1.25B	1.28B	1.35B	1.44B
Liabilities
Accounts Payable, Total	6.56M	6.99M	6.87M	7.79M	5.06M
Accrued Expenses, Total	125M	120M	173M	177M	202M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	40.87M	25M	260M	30M	65M
Current Portion of Leases	24.4M	19.12M	18.63M	15.14M	12.97M
Current Income Taxes Payable	1.43M	3.49M	901K	2.94M	1.21M
Unearned Revenue Current, Total	13.44M	32.65M	20M	18.78M	12.32M
Other Current Liabilities	17.88M	14.24M	16.42M	26.45M	28.05M
Total Current Liabilities	229M	221M	496M	278M	326M
Long-Term Debt	194M	202M	-	220M	135M
Long-Term Leases	75.14M	85.16M	68.74M	48.51M	58.79M
Unearned Revenue Non Current	1.91M	924K	995K	4.41M	10.2M
Pension & Other Post Retirement Benefits	6.52M	8.94M	9.6M	12.98M	16.67M
Deferred Tax Liability Non Current	966K	847K	965K	547K	1.5M
Other Non Current Liabilities	5.07M	9.78M	13.76M	23.55M	3.99M
Total Liabilities	513M	529M	590M	588M	553M
Common Stock, Total	39K	39K	40K	40K	203K
Additional Paid In Capital	391M	421M	396M	445M	508M
Retained Earnings	552M	641M	756M	899M	1.08B
Treasury Stock	-188M	-268M	-369M	-442M	-575M
Comprehensive Income and Other	-84.89M	-74.98M	-89.47M	-144M	-127M
Total Common Equity	670M	719M	693M	758M	889M
Minority Interest	-	-	-	-	-
Total Equity	670M	719M	693M	758M	889M
Total Liabilities And Equity	1.18B	1.25B	1.28B	1.35B	1.44B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	172M	167M	166M	167M	166M
ECS Total Common Shares Outstanding	171M	168M	166M	166M	165M
Book Value / Share	3.92	4.29	4.16	4.56	5.38
Tangible Book Value	236M	298M	199M	272M	412M
Tangible Book Value Per Share	1.38	1.78	1.2	1.64	2.5
Total Debt	335M	331M	347M	314M	272M
Net Debt	13.14M	-71.58M	33.5M	15.96M	-19.08M
Debt Equivalent of Unfunded Proj. Benefit Obligation	6.53M	8.95M	9.67M	7.08M	7.1M
Debt Equivalent Oper. Leases	218M	217M	272M	215M	196M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	2.48M	2.96M	3M	3.44M	4.19M
Account Code - Inventory Valuation	3	3	3	-	3
Land - (BS)	729K	712K	700K	629K	625K
Buildings, Total	1.11M	1.09M	1.07M	961K	956K
Machinery, Total	121M	130M	139M	151M	172M
Full Time Employees	31.7K	31.9K	37.4K	45.4K	54K
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.16M	1.19M	573K	1.33M	3.7M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	67.66M	89.48M	115M	143M	185M
Depreciation & Amortization - CF	55.01M	58.3M	58.43M	55M	26.53M
Amortization of Goodwill and Intangible Assets - (CF)	21.56M	14.41M	12.78M	17.11M	14.68M
Depreciation & Amortization, Total	76.57M	72.71M	71.2M	72.11M	41.21M
Amortization of Deferred Charges, Total - (CF)	5.22M	7.51M	6.05M	5.96M	9.28M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-10.12M	-7.17M	5.14M	-1.21M	17.04M
Asset Writedown & Restructuring Costs	3.63M	-	-	-	-
(Income) Loss On Equity Investments - (CF)	269K	227K	-47K	-	-
Stock-Based Compensation (CF)	26.07M	28.24M	38.62M	49.37M	58.44M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	614K	297K	-464K	683K	2.45M
Other Operating Activities, Total	-13.66M	2.61M	-10.56M	-27.62M	-10.28M
Change In Accounts Receivable	-7.09M	24.7M	-37.68M	-68.12M	-49.24M
Change In Accounts Payable	134K	243K	-614K	2.38M	-2.76M
Change in Unearned Revenues	6.68M	18.22M	-12.73M	2.47M	-877K
Change In Income Taxes	7.19M	696K	-12.06M	8.78M	-18.28M
Change in Other Net Operating Assets	5.25M	-34.78M	22.78M	-21.63M	-20.35M
Cash from Operations	168M	203M	184M	166M	211M
Capital Expenditure	-40.14M	-42.22M	-37.25M	-44.84M	-52.8M
Sale of Property, Plant, and Equipment	-	916K	1.3M	266K	739K
Cash Acquisitions	-241K	-	-76.83M	-3.87M	-
Investment in Marketable and Equity Securities, Total	-11.01M	22.99M	-1.49M	-48.1M	40.07M
Cash from Investing	-51.38M	-18.32M	-114M	-96.55M	-12M
Long-Term Debt Issued, Total	46M	110M	300M	35M	80M
Total Debt Issued	46M	110M	300M	35M	80M
Long-Term Debt Repaid, Total	-98.58M	-121M	-329M	-45.14M	-130M
Total Debt Repaid	-98.58M	-121M	-329M	-45.14M	-130M
Issuance of Common Stock	987K	1.5M	710K	1.06M	5.57M
Repurchase of Common Stock	-41.36M	-79.95M	-118M	-72.64M	-132M
Other Financing Activities, Total	-117K	-	-	-	-5M
Cash from Financing	-93.08M	-89.56M	-147M	-81.72M	-181M
Foreign Exchange Rate Adjustments	-1.04M	3.38M	-4.95M	-6.06M	2.03M
Net Change in Cash	22.91M	98.48M	-81.71M	-18.19M	19.78M
Supplemental Items
Cash Interest Paid	10.65M	7.63M	6.59M	8.19M	13.9M
Cash Income Tax Paid (Refund)	19.09M	20.57M	49.82M	55.59M	105M
Levered Free Cash Flow	143M	154M	154M	161M	139M
Unlevered Free Cash Flow	149M	158M	156M	166M	147M
Change In Net Working Capital	-30.34M	-26.27M	17.72M	35.96M	58.11M
Net Debt Issued / Repaid	-52.58M	-11.12M	-29.23M	-10.14M	-50.17M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.73	5.62	7.7	9.1	10.68
Return on Total Capital	5.57	6.65	9.31	11.32	13.34
Return On Equity %	10.5	12.88	16.25	19.7	22.4
Return on Common Equity	10.51	12.88	16.25	19.7	22.4
Margin Analysis
Gross Profit Margin %	33.88	34.9	38.44	36.5	37.27
SG&A Margin	20.06	18.23	20.18	18.97	19.56
EBITDA Margin %	13.54	16.16	17.88	17.11	17.14
EBITA Margin %	10.75	12.91	15.02	14.76	15.52
EBIT Margin %	8.57	11.4	13.88	13.55	14.62
Income From Continuing Operations Margin %	6.82	9.34	10.23	10.12	11.32
Net Income Margin %	6.82	9.34	10.23	10.12	11.32
Net Avail. For Common Margin %	6.82	9.34	10.23	10.12	11.32
Normalized Net Income Margin	4.95	6.88	8.65	8.59	9.01
Levered Free Cash Flow Margin	14.39	16.05	13.68	11.41	8.51
Unlevered Free Cash Flow Margin	15	16.51	13.94	11.77	9.01
Asset Turnover
Asset Turnover	0.88	0.79	0.89	1.07	1.17
Fixed Assets Turnover	8.94	5.86	6.88	10.22	12.22
Receivables Turnover (Average Receivables)	5.84	5.94	6.51	6.2	5.71
Short Term Liquidity
Current Ratio	2.36	2.76	1.17	2.2	2.08
Quick Ratio	2.21	2.57	1.07	2.06	1.9
Operating Cash Flow to Current Liabilities	0.73	0.92	0.37	0.6	0.65
Days Sales Outstanding (Average Receivables)	62.45	61.62	56.1	58.89	63.91
Average Days Payable Outstanding	3.4	3.98	3.66	2.73	2.29
Long Term Solvency
Total Debt/Equity	49.93	46.06	50.12	41.37	30.55
Total Debt / Total Capital	33.3	31.53	33.38	29.26	23.4
LT Debt/Equity	40.19	39.92	9.92	35.42	21.79
Long-Term Debt / Total Capital	26.81	27.33	6.61	25.05	16.69
Total Liabilities / Total Assets	43.37	42.37	45.97	43.68	38.32
EBIT / Interest Expense	6.24	9.77	20.61	23.19	18.08
EBITDA / Interest Expense	11.86	16.27	31.03	32.54	23.07