EXLSERVICE HOLDINGS, INC. (EXLS) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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EXLSERVICE HOLDINGS, INC. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $89,611,000.00Net income → Operating adjustments reconciliation: $41,981,000.00Stock-based compensation expense → Operating adjustments reconciliation: $46,732,000.00Income taxes payable, net → Operating adjustments reconciliation: $31,392,000.00Depreciation and amortization expense → Operating adjustments reconciliation: $28,473,000.00Reduction in the carrying amount of operating lease right-of-use assets → Operating adjustments reconciliation: $14,018,000.00Accounts payable, accrued expenses and other liabilities → Operating adjustments reconciliation: $7,940,000.00Deferred revenue → Operating adjustments reconciliation: $7,303,000.00Others, net → Operating adjustments reconciliation: $4,315,000.00Operating adjustments reconciliation → Accounts receivable: $93,298,000.00Operating adjustments reconciliation → Accrued employee costs: $29,637,000.00Operating adjustments reconciliation → Other current and non-current assets: $27,781,000.00Operating adjustments reconciliation → Operating lease liabilities: $12,042,000.00Operating adjustments reconciliation → Unrealized foreign currency exchange (gain)/loss, net: $11,412,000.00Operating adjustments reconciliation → Deferred income tax benefit: $4,930,000.00Operating adjustments reconciliation → Fair value mark-to-market on investments: $3,054,000.00Proceeds from redemption of investments → investing reconciliation: $158,999,000.00Proceeds from sale of property and equipment → investing reconciliation: $166,000.00investing reconciliation → Purchases of investments: $137,311,000.00investing reconciliation → Purchases of property and equipment: $27,440,000.00investing reconciliation → Investment in equity affiliate: $600,000.00Net cash used in financing activities → financing reconciliation: $100,762,000.00Proceeds from borrowings → financing reconciliation: $175,000,000.00Proceeds from issuance of common stock → financing reconciliation: $3,620,000.00financing reconciliation → Acquisition of treasury stock: $186,605,000.00financing reconciliation → Repayments of borrowings: $92,500,000.00financing reconciliation → Principal payments of finance lease liabilities: $277,000.00Net cash used in investing activities → investing reconciliation: $6,186,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $165,969,000.00Net cash from operating activities → Cash sources and uses: $89,611,000.00Cash sources and uses → Exchange-rate effect: $1,860,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $146,772,000.00Cash sources and uses → Net cash used in investing activities: $6,186,000.00Cash sources and uses → Net cash used in financing activities: $100,762,000.00Depreciation and amortization expense: $28,473,000.00Depreciation & amortization+$28.47 MOthers, net: $4,315,000.00Other non-cash items+$4.32 MAccounts payable, accrued expenses and other liabilities: $7,940,000.00Payables & accrued liabilities+$7.94 MReduction in the carrying amount of operating lease right-of-use assets: $14,018,000.00Operating lease amortization+$14.02 MDeferred income tax benefit: -$4,930,000.00Deferred income taxes−$4.93 MStock-based compensation expense: $46,732,000.00Stock-based compensation+$46.73 MNet income: $131,592,000.00Net income+$131.59 MOther current and non-current assets: -$27,781,000.00Other operating assets−$27.78 MAccounts receivable: -$93,298,000.00Accounts receivable−$93.30 MDeferred revenue: $7,303,000.00Deferred revenue+$7.30 MUnrealized foreign currency exchange (gain)/loss, net: -$11,412,000.00Unrealized FX gain & loss−$11.41 MAccrued employee costs: -$29,637,000.00Accrued employee costs−$29.64 MOperating lease liabilities: -$12,042,000.00Operating lease liabilities−$12.04 MFair value mark-to-market on investments: -$3,054,000.00Investment value change−$3.05 MIncome taxes payable, net: $31,392,000.00Income taxes payable+$31.39 MNet cash from operating activities: $89,611,000.00Operating cash+$89.61 MOperating adjustments reconciliation: $182,154,000.00Proceeds from borrowings: $175,000,000.00Long-term debt issued+$175.00 MProceeds from issuance of common stock: $3,620,000.00Common stock issued+$3.62 MAcquisition of treasury stock: -$186,605,000.00Common stock repurchases−$186.61 MRepayments of borrowings: -$92,500,000.00Debt repaid−$92.50 MPrincipal payments of finance lease liabilities: -$277,000.00Finance lease payments−$277.00 KNet cash used in financing activities: -$100,762,000.00. Cash required to fund net payments.Financing cash−$100.76 Mfinancing reconciliation: $279,382,000.00Purchases of property and equipment: -$27,440,000.00PP&E purchases−$27.44 MProceeds from sale of property and equipment: $166,000.00PP&E sales+$166.00 KInvestment in equity affiliate: -$600,000.00Equity-method investments made−$600.00 KPurchases of investments: -$137,311,000.00Investment purchases−$137.31 MProceeds from redemption of investments: $158,999,000.00Investment sales & maturities+$159.00 MNet cash used in investing activities: -$6,186,000.00. Cash required to fund net payments.Investing cash−$6.19 Minvesting reconciliation: $165,351,000.00Cash sources and uses: $255,580,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $165,969,000.00Beginning cash$165.97 MEnding cash: Cash, cash equivalents, and restricted cash: $146,772,000.00Ending cash$146.77 MExchange-rate effect: -$1,860,000.00FX effect−$1.86 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$62.17 MOperating cash − cash spent on PP&ECash flow / Net income0.68×Operating cash flow ÷ net incomeNet cash change−$19.20 MEnding cash − beginning cash
Chart details

EXLSERVICE HOLDINGS, INC. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
165,969,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
89,611,000 US dollars. Net cash provided.
Net income
131,592,000 US dollars
Depreciation and amortization expense
28,473,000 US dollars
Others, net
4,315,000 US dollars
Accounts payable, accrued expenses and other liabilities
7,940,000 US dollars
Reduction in the carrying amount of operating lease right-of-use assets
14,018,000 US dollars
Deferred income tax benefit
negative 4,930,000 US dollars
Stock-based compensation expense
46,732,000 US dollars
Other current and non-current assets
negative 27,781,000 US dollars
Accounts receivable
negative 93,298,000 US dollars
Deferred revenue
7,303,000 US dollars
Unrealized foreign currency exchange (gain)/loss, net
negative 11,412,000 US dollars
Accrued employee costs
negative 29,637,000 US dollars
Operating lease liabilities
negative 12,042,000 US dollars
Fair value mark-to-market on investments
negative 3,054,000 US dollars
Income taxes payable, net
31,392,000 US dollars
Investing activities
negative 6,186,000 US dollars. Net cash used.
Purchases of property and equipment
negative 27,440,000 US dollars
Proceeds from sale of property and equipment
166,000 US dollars
Investment in equity affiliate
negative 600,000 US dollars
Purchases of investments
negative 137,311,000 US dollars
Proceeds from redemption of investments
158,999,000 US dollars
Financing activities
negative 100,762,000 US dollars. Net cash used.
Proceeds from borrowings
175,000,000 US dollars
Proceeds from issuance of common stock
3,620,000 US dollars
Acquisition of treasury stock
negative 186,605,000 US dollars
Repayments of borrowings
negative 92,500,000 US dollars
Principal payments of finance lease liabilities
negative 277,000 US dollars
Operating adjustment reconciliation
182,154,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
279,382,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
165,351,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 1,860,000 US dollars
Ending cash on Jun 30, 2026
146,772,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
255,580,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 19,197,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.68×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
89,611,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
27,440,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
62,171,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $89.61M of net income directly to operating cash and $41.98M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 89,611,000 US dollars minus 27,440,000 US dollars equals 62,171,000 US dollars.
EXLSERVICE HOLDINGS, INC. (EXLS) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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