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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 106,304 $ 135,337
Short-term investments 158,941 178,538
Restricted cash 6,840 6,174
Accounts receivable, net 237,453 194,232
Prepaid expenses 15,621 14,655
Advance income tax, net 12,712 15,199
Other current assets 23,143 34,009
Total current assets 561,014 578,144
Property and equipment, net 82,649 86,008
Operating lease right-of-use assets 67,962 76,692
Restricted cash 2,056 2,299
Deferred tax assets, net 40,924 21,404
Intangible assets, net 73,298 81,082
Goodwill 406,575 403,902
Other assets 53,195 30,369
Investment in equity affiliate 3,261 3,004
Total assets 1,290,934 1,282,904
Current liabilities:    
Accounts payable 4,377 5,647
Current portion of long-term borrowings 35,000 260,016
Deferred revenue 22,013 20,000
Accrued employee costs 75,698 114,285
Accrued expenses and other current liabilities 89,030 76,350
Current portion of operating lease liabilities 18,548 18,487
Income taxes payable, net 21,348 901
Total current liabilities 266,014 495,686
Long-term borrowings, less current portion 250,000 0
Operating lease liabilities, less current portion 59,224 68,506
Income taxes payable 1,790 1,790
Deferred tax liabilities, net 841 965
Other non-current liabilities 27,412 22,801
Total liabilities 605,281 589,748
Commitments and contingencies (Refer to Note 24)
Preferred stock, $0.001 par value; 15,000,000 shares authorized, none issued 0 0
ExlService Holdings, Inc. Stockholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized, 39,795,161 shares issued and 33,124,035 shares outstanding as of June 30, 2022 and 39,508,340 shares issued and 33,291,482 shares outstanding as of December 31, 2021 40 40
Additional paid-in capital 420,306 395,742
Retained earnings 828,161 756,137
Accumulated other comprehensive income/(loss) (133,374) (89,474)
Total including shares held in treasury 1,115,133 1,062,445
Less: 6,671,126 shares as of June 30, 2022 and 6,216,858 shares as of December 31, 2021, held in treasury, at cost (429,480) (369,289)
Stockholders’ equity 685,653 693,156
Total equity 685,653 693,156
Total liabilities and stockholders’ equity $ 1,290,934 $ 1,282,904