ExlService Holdings, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $251.0M | $198.3M | $184.6M | $143.0M | $114.8M | $89.5M | $67.7M | $56.7M |
| Depreciation & Amortization | $59.2M | $55.2M | $50.3M | $56.1M | $49.7M | $50.5M | $52.2M | $48.7M |
| Depreciation | $45.9M | $41.6M | $35.8M | $39.2M | $36.4M | $36.1M | $30.4M | $28.2M |
| Amortization | $13.1M | $13.6M | $14.7M | $17.1M | $12.8M | $14.4M | $21.6M | $20.4M |
| Stock-Based Compensation | $79.5M | $72.7M | $58.4M | $49.4M | $38.6M | $28.2M | $26.1M | $23.9M |
| Net Cash from Operating Activities | $350.7M | $268.5M | $211.2M | $166.1M | $184.4M | $203.0M | $168.4M | $92.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $52.6M | $46.3M | $52.8M | $44.8M | $37.2M | $42.2M | $40.5M | $40.8M |
| Business Acquisitions | $0 | $24.3M | $0 | $3.9M | $76.8M | $0 | $0 | $231.8M |
| Net Cash from Investing Activities | $-49.3M | $-119.1M | $-12.0M | $-96.5M | $-114.3M | $-18.3M | $-51.4M | $-277.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $328.5M | $207.9M | $131.8M | $72.6M | $118.4M | $79.9M | $41.4M | $43.1M |
| Net Cash from Financing Activities | $-312.8M | $-119.1M | $-181.5M | $-81.7M | $-146.9M | $-89.6M | $-93.1M | $197.8M |
| Net Change in Cash | $-5.4M | $26.0M | $19.8M | $-18.2M | $-81.7M | $98.5M | $22.9M | $9.9M |
| Free Cash Flow | $298.1M | $222.3M | $158.4M | $121.3M | $147.1M | $160.7M | $127.9M | $51.6M |