SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 11/05/2018
Entire Document
 


Table of Contents

WNS (HOLDINGS) LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

 

     Notes      Six months ended September 30,  
            2018     2017  

Cash flows from operating activities:

       

Cash generated from operations

      $ 54,325     $ 68,507  

Income taxes paid

        (8,868     (9,517

Interest paid

        (1,355     (1,765

Interest received

        1,126       908  
     

 

 

   

 

 

 

Net cash provided by operating activities

        45,228       58,133  
     

 

 

   

 

 

 

Cash flows from investing activities:

       

Working capital adjustment towards acquisition of HealthHelp, net

        —         (508

Adjustment towards acquisition of Denali, net

        —         454  

Purchase of property and equipment and intangible assets

        (19,964     (18,791

Proceeds from sale of property and equipment

        97       148  

Proceeds from restricted cash held in escrow

        —         239  

Government grant received

        —         168  

Government grants repaid

        —         (25

Investment in fixed deposits

        (12,110     —    

Proceeds from maturity of fixed deposits

        16,299       —    

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

        —         100  

Profit on sale of marketable securities

        648       —    

Dividends received

        32       1,546  

Investment in marketable securities (long-term)

        (78,822     —    

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

        86,824       31,212  
     

 

 

   

 

 

 

Net cash provided by/(used in) investing activities

        (6,996     14,543  
     

 

 

   

 

 

 

Cash flows from financing activities:

       

Buyback of shares

        (56,296     (30,000

Proceeds from exercise of stock options

        —         1,348  

Repayment of long-term debt

        (14,050     (14,050

Excess tax benefit from share-based compensation expense

        996       66  

Purchase of equity of non-controlling interest

        —         (52

Payment of debt issuance cost

        —         (354
     

 

 

   

 

 

 

Net cash provided by/(used in) financing activities

        (69,350     (43,042
     

 

 

   

 

 

 

Exchange difference on cash and cash equivalents

        (9,506     3,577  

Net change in cash and cash equivalents

        (40,624     33,211  

Cash and cash equivalents at the beginning of the period

        99,829       69,803  
     

 

 

   

 

 

 

Cash and cash equivalents at the end of the period

      $ 59,205     $ 103,014  
     

 

 

   

 

 

 

Non-cash transactions:

       

Investing activities

       

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

      $ 2,914     $ 3,116  

(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
September 30,
2018
 

Long-term debt (including current portion)

   $ 89,131      $ 14,050      $ 195      $ 75,276  
  

 

 

    

 

 

    

 

 

    

 

 

 

See accompanying notes

 

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