SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 01/31/2019
Entire Document
 


Table of Contents

WNS (HOLDINGS) LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

 

     Notes      Nine months ended December 31,  
            2018      2017  

Cash flows from operating activities:

        

Cash generated from operations

      $ 120,621      $ 113,018  

Income taxes paid

        (15,766      (15,293

Interest paid

        (1,944      (2,584

Interest received

        1,804        1,341  
     

 

 

    

 

 

 

Net cash provided by operating activities

        104,715        96,482  
     

 

 

    

 

 

 

Cash flows from investing activities:

        

Working capital adjustment towards acquisition of HealthHelp, net

     4(a)        —          (508

Adjustment towards acquisition of Denali, net

     4(b)        —          454  

Purchase of property and equipment and intangible assets

        (24,631      (27,830

Proceeds from sale of property and equipment

        103        284  

Proceeds from restricted cash held in escrow

     4(c)        —          239  

Government grant received

        —          168  

Government grant repaid

        (200      (50

Investment in fixed deposits

        (19,024      (14,105

Proceeds from maturity of fixed deposits

        24,395        —    

Proceeds from maturity of fixed maturity plans (“FMPs”)

        —          100  

Profit on sale of marketable securities

        730        —    

Dividends received

        32        2,381  

Investment in marketable securities (long-term)

        (78,823      —    

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

        57,456        10,109  
     

 

 

    

 

 

 

Net cash used in investing activities

        (39,962      (28,758
     

 

 

    

 

 

 

Cash flows from financing activities:

        

Buyback of shares

        (56,351      (39,546

Proceeds from exercise of stock options

        —          1,347  

Repayment of long-term debt

        (14,050      (14,050

Excess tax benefit from share-based compensation expense

        1,352        243  

Purchase of equity of non-controlling interest

        —          (52

Payment of debt issuance cost

        —          (354
     

 

 

    

 

 

 

Net cash used in financing activities

        (69,049      (52,412
     

 

 

    

 

 

 

Exchange difference on cash and cash equivalents

        (10,218      4,549  

Net change in cash and cash equivalents

        (14,514      19,861  

Cash and cash equivalents at the beginning of the period

        99,829        69,803  
     

 

 

    

 

 

 

Cash and cash equivalents at the end of the period

      $ 85,315      $ 89,664  
     

 

 

    

 

 

 

Non-cash transactions:

        

Investing activities

        

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

      $ 2,968      $ 2,320  

(ii) Release of restricted cash, held in escrow

     4(c)        1,535        1,535  

Reconciliation of liabilities arising from financing activities:

 

                  Non-cash changes         
     Opening balance
April 1, 2018
     Cash flows     Amortization of debt
issuance cost
     Closing balance
December 31, 2018
 

Long-term debt (including current portion)

   $ 89,131      $ (14,050   $ 283      $ 75,364  
  

 

 

    

 

 

   

 

 

    

 

 

 

See accompanying notes

 

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