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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Operating activities:      
Net profit $ 2,968 $ 2,623 $ 2,338
Adjustments to reconcile net profit to net cash provided by operating activities:      
Depreciation and amortization 466 441 407
Interest and dividend income (108) (77) (68)
Finance cost 27 26 24
Income tax expense 1,068 973 757
Effect of exchange rate changes on assets and liabilities 15 (8) 27
Impairment loss under expected credit loss model 23 25 23
Stock compensation expense 56 45 34
Other adjustments 8 (13) (20)
Changes in working capital      
Trade receivables and unbilled revenues (1,064) (248) (542)
Prepayments and other assets (225) (90) 70
Trade payables 200 (33) (52)
Unearned revenues 299 138 19
Other liabilities and provisions 632 319 233
Cash generated from operations 4,365 4,121 3,250
Income taxes paid (1,020) (863) (639)
Net cash provided by operating activities 3,345 3,258 2,611
Investing activities:      
Expenditure on property, plant and equipment and intangibles (290) (285) (465)
Deposits placed with corporation (121) (97) (96)
Redemption of deposits placed with corporations 101 69 81
Interest and dividend received 109 70 52
Payment for acquisition of business, net of cash acquired   (165) (252)
Payment of contingent consideration pertaining to acquisition of business (7) (21) (1)
Payments to acquire Investments      
Liquid mutual fund units and fixed maturity plan securities (7,240) (4,753) (4,897)
Certificates of deposit (560)   (156)
Quoted debt securities (786) (1,555) (363)
Equity and preference securities     (6)
Other investments (3) (3) (4)
Proceeds on sale of Investments      
Quoted debt securities 494 534 512
Equity and preference securities   10 4
Certificates of deposit 105 154 360
Commercial papers     72
Liquid mutual fund units and fixed maturity plan securities 7,186 4,909 4,873
Other investments 1 3  
Escrow and other deposits pertaining to Buyback (57)    
Redemption of escrow and other deposits pertaining to Buyback 57   37
Other payments (3) (6)  
Other receipts 9 7 7
Net cash (used)/ generated in investing activities (1,005) (1,129) (242)
Financing activities:      
Payment of lease liabilities (125) (94) (80)
Payment of dividends (including corporate dividend tax wherever applicable) (1,703) (1,226) (1,359)
Payment of dividends to non-controlling interests of subsidiary (11) (3) (5)
Shares issued on exercise of employee stock options 2 2 1
Payment towards purchase of non-controlling interest   (7)  
Other payments (17)    
Other receipts 32 11  
Buyback of equity shares including transaction costs and tax on buyback (1,503)   (1,070)
Net cash used in financing activities (3,325) (1,317) (2,513)
Net increase/(decrease) in cash and cash equivalents (985) 812 (144)
Effect of exchange rate changes on cash and cash equivalents (90) 103 (220)
Cash and cash equivalents at the beginning 3,380 2,465 2,829
Cash and cash equivalents at the end 2,305 3,380 2,465
Supplementary information:      
Restricted cash balance $ 62 $ 69 $ 52