XML 70 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Operating activities:      
Net profit $ 2,486 $ 2,140 $ 2,052
Adjustments to reconcile net profit to net cash provided by operating activities:      
Depreciation and amortization 289 254 222
Interest and dividend income (129) (51) (27)
Income tax expense 657 834 799
Effect of exchange rate changes on assets and liabilities 3 6 10
Deferred consideration pertaining to acquisition     23
Impairment loss on financial assets 5 20 (7)
Reduction in fair value of Disposal Group held for sale 18    
Share in net profit/(loss) of associate, including impairment 11 5  
Stock compensation expense 13 17 1
Other adjustments (20) 7 25
Changes in working capital      
Trade receivables and unbilled revenues (237) (260) (252)
Prepayments and other assets (58) (70) (220)
Trade payables 51 (3) 37
Client deposits 1 1  
Unearned revenues 104 66 43
Other liabilities and provisions 122 (24) 48
Cash generated from operations 3,316 2,942 2,754
Income taxes paid (1,059) (843) (892)
Net cash provided by operating activities 2,257 2,099 1,862
Investing activities:      
Expenditure on property, plant and equipment (310) (411) (413)
Loans to employees 4 4 (11)
Payment for acquisition of business, net of cash acquired (4)   (117)
Payment of contingent consideration pertaining to acquisition of business (5) (5)  
Deposits placed with corporation (20) (25) (22)
Interest and dividend received 67 32 26
Investment in quoted debt securities (16) (638) (46)
Redemption of quoted debt securities 18 1  
Proceeds from sale of equity and preference securities 5    
Investment in equity and preference securities (4) (10) (12)
Investment in others (4) (4) (3)
Investment in certificates of deposit (1,032) (1,167)  
Redemption of certificates of deposit 1,503    
Investment in commercial papers (45)    
Investment in liquid mutual funds and fixed maturity plan securities (9,628) (8,083) (3,676)
Redemption of liquid mutual funds and fixed maturity plan securities 9,953 7,759 3,800
Net cash used in investing activities 482 (2,547) (474)
Financing activities:      
Buyback of shares including transaction cost (2,042)    
Shares issued on exercise of employee stock options 1    
Payment of dividends (including corporate dividend tax) (1,156) (1,032) (1,059)
Net cash used in financing activities (3,197) (1,032) (1,059)
Net increase/(decrease) in cash and cash equivalents (458) (1,480) 329
Effect of exchange rate changes on cash and cash equivalents 18 34 (253)
Cash and cash equivalents at the beginning 3,489 4,935 4,859
Cash and cash equivalents at the end 3,049 3,489 4,935
Supplementary information:      
Restricted cash balance $ 82 $ 88 $ 74