SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 08/06/2018
Entire Document
 


Table of Contents

WNS (HOLDINGS) LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

 

     Notes      Three months ended June 30,  
            2018     2017  

Cash flows from operating activities:

       

Cash generated from operations

      $ 17,884     $ 19,468  

Income taxes paid

        (3,044     (4,894

Interest paid

        (712     (880

Interest received

        529       398  
     

 

 

   

 

 

 

Net cash provided by operating activities

        14,657       14,092  
     

 

 

   

 

 

 

Cash flows from investing activities:

       

Purchase of property and equipment and intangible assets

        (9,215     (7,276

Deferred consideration paid towards acquisition of Denali

     4(b)        —         (522

Proceeds from restricted cash held in escrow

        —         239  

Government grant received

        —         168  

Investment in fixed deposits

        (7,536     —    

Proceeds from maturity of fixed deposits

        7,079       —    

Proceeds from sale of property and equipment

        23       25  

Profit on sale of marketable securities

        308       —    

Dividends received

        32       873  

Investment in marketable securities (long-term)

        (78,822     —    

Marketable securities (short-term) sold/(purchased), net

        68,432       23,507  
     

 

 

   

 

 

 

Net cash provided by/(used in) investing activities

        (19,699     17,014  
     

 

 

   

 

 

 

Cash flows from financing activities:

       

Buyback of shares

        (23,000     —    

Proceeds from exercise of stock options

        —         1,308  

Excess tax benefit from share-based compensation expense

        360       130  

Purchase of equity of non-controlling interest

        —         (52

Payment of debt issuance cost

        —         (298
     

 

 

   

 

 

 

Net cash provided by/(used) in financing activities

        (22,640     1,088  
     

 

 

   

 

 

 

Exchange difference on cash and cash equivalents

        (6,040     3,105  

Net change in cash and cash equivalents

        (33,722     35,299  

Cash and cash equivalents at the beginning of the period

        99,829       69,803  
     

 

 

   

 

 

 

Cash and cash equivalents at the end of the period

      $ 66,107     $ 105,102  
     

 

 

   

 

 

 

Non-cash transactions:

       

Investing activities

       

(i) Liability towards property and equipment and intangible assets purchased on credit

      $ 4,324     $ 6,354  

(ii) Release of restricted cash, held in escrow

     4(c)        1,535       1,535  

See accompanying notes.

Reconciliation of liabilities arising from financing activities

 

                   Non-cash changes         
     Opening balance
April 1,

2018
     Cash flows      Amortization of debt
issuance cost
     Closing balance
June 30,
2018
 

Long-term debt (including current portion)

   $ 89,131      $ —        $ 101      $ 89,232  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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