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Balance SheetShareholders Equity
Cash Flows&Measurement of effectiveness an0Gains on Derivatives& Derivative NonDesignated Hedgin&_ Derivative NonDesignated He (1)&*/Derivative NonDesignated He (2)&EDerivative NonDesignated He (3)&TDerivative NonDesignated He (4)&nDerivative NonDesignated He (5)&\~Derivative NonDesignated He (6)&Derivative NonDesignated He (7)&٣Derivative NonDesignated He (8)Shortterm Investments ]Shortterm Investments (1)&Noncurrent Term Deposits with B&Noncurrent Term Deposits wi (1)d12 EARNINGS PER SHARE 12 EARNINGS PER SHARE (1)Corporate Direct Costs 614 GEOGRAPHIC INFORMATION$H14 GEOGRAPHIC INFORMATION (1)W15 INCOME TAXES LoMinimum Alternate Tax MAToRestricted Stock Units!ĐRestricted Stock Units (1)!Restricted Stock Units (2)!Restricted Stock Units (3)!Restricted Stock Units (4)!dRestricted Stock Units (5)&-LIQUIDITY AND CAPITAL RESOURCES&mLIQUIDITY AND CAPITAL RESOU (1)3Interest Rate RiskyOTHER INFORMATION)Exhibits
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??&INDEXIncome Statement
Balance SheetShareholders Equity
Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }U}$ }8}$ }}$ }$
SYNTEL INC10-Q
10/30/2017IA248-619-2800 (Registrant s telephone number, including area code) Large accelerated filer ? Accelerated filer ?
Non-accelerated filer7/? (Do not check if a smaller reporting company)!Smaller reporting company ?
Emerging growth company
?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*.hk_SGuEc=PF0*8X>
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Balance SheetShareholders Equity
Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }$ }y
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B
SYNTEL INC10-Q
10/30/2017
INDEX
Page
$Part I Financial Information
Item 1
Financial Statements
,$Condensed Consolidated Statements of~
/'Comprehensive Income (Loss) (unaudited)-%Condensed Consolidated Balance Sheets~
(unaudited)91Condensed Consolidated Statement of Shareholders?~
Deficit (unaudited),$Condensed Consolidated Statements of~
Cash Flows (unaudited)5-Notes to the Unaudited Condensed Consolidated~
Financial StatementsItem 2,$Management?s Discussion and Analysis~
80of Financial Condition and Results of OperationsDl+uEP Fw(fI ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? !!!Item 3!0!(Quantitative and Qualitative Disclosures!!~
!!"""""About Market Risk####$$$Item 4$$Controls and Procedures$$~
$$%%!&Part II Other Information&&~
&&''''(((Item 1.((Legal Proceedings((~
(())))***Item 1A.**Risk Factors**~
**++++,,,Item 2.,/,'Unregistered Sales of Equity Securities,,~
,,-----and Use of Proceeds....///Item 6//Exhibits//~
//001
Signatures11~
112213)Exhibit 31.1 ? Certification of Principal33~
334Executive Officer5516)Exhibit 31.2 ? Certification of Principal66~
667Executive Officer8819)Exhibit 31.3 ? Certification of Principal99~
99:Financial Officer;;/<'Exhibit 32 ? Certification of Principal<<~
<<2=*Executive Officers and Principal Financial>Officer$?____________________________Dl4,U%:
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l HS8l?0 (Gain(loss) arising during period on cash ~
Z ?
~
? !flow hedges'"Unrealized gains on securities:""""""""" "
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"""/#'Unrealized holding gains arising during##~
####~
### #
~
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#~
#f#$period-%%Reclassification adjustment for gains%%~
%%%%~
%%% %
~
%B%%
%~
%2%&included in net income'''''''''' '
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'''(((~
((((~
(~(( (
~
(((
(~
((&)Defined benefit pension plans:))))))))) )
)))
)))-*%Net profit(loss)arising during period** *?*** *?** *
~
***
* *?*3++Amortization of prior service cost included++~
+r+++~
+2++ +
~
+++
+~
++$,in net periodic pension cost---------- -
---
---...~
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.2.. .
~
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..
.~
..////////// /
///
///00(Other comprehensive Income(loss), before00~
0000~
000 0
~
0rl00
0~
0^01tax+2#Income tax benefit(expenses)related22~
2222~
2N
22 2
~
222
2~
2*2,3$to other comprehensive income (loss)4444444444 4
444
444,5$Other comprehensive Income(loss),net55~
5J555~
555 5
~
5Bf55
5~
556of tax7777777777 7
777
777#8Comprehensive income/(loss)8~
8N88~
888 ~
8
88
~
8{89999999999 9
999
999:Dividend per share:: :?::~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??&!2486192800 Registrant s telephoINDEXIncome StatementShareholders Equity
Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }I;}$ }}$ }}$
>
SYNTEL INC10-Q
10/30/2017
Balance Sheet (Unaudited) (Audited)
September 30,
December 31,~
~
ASSETS
Current assets:
!Cash and cash equivalents~
f~
Short-term investments~
J
~
Q-%Accounts receivable, net of allowance~
v~
n880for doubtful accounts of $2,140 at September 30,912017 and $801 at December 31, 2016, respectively.,$Revenue earned in excess of billings~
~
>Other current assets~
~
J7Total current assets~
~
Property and equipment~
nv~
6.Less accumulated depreciation and amortization~
>~
\#Property and equipment, net~
2j~
Goodwill~
*~
*,$Non-current term deposits with banks~
~
3+Deferred income taxes and other non-currentassets~
v~
JD l{F
EtzpmB ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = TOTAL ASSETS ~
# ~
> !!!!!!!!!-"%LIABILITIES AND SHAREHOLDERS? DEFICIT""""""""#LIABILITIES########$Current liabilities:$$$$$$$$%Accounts payable%~
%#%%~
%"%)&!Accrued payroll and related costs&&~
&."&&&~
&*u&'Income taxes payable''~
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'n'(Accrued liabilities((~
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****~
*BL*+++++++++!,Total current liabilities,,~
,^,,,~
,,3-+Deferred income taxes and other non-current--~
----~
--.liabilities(/ Non-current loans and borrowings//~
////~
/b6/0000000001TOTAL LIABILITIES11~
1 111~
1&1/2'Commitments and contingencies (See Note22222222~
3B4SHAREHOLDERS? DEFICIT44444444#5Total shareholders? deficit55~
5555~
5F566666666637+TOTAL LIABILITIES AND SHAREHOLDERS? DEFICIT7~
7#77~
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Balance Sheet
Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
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SYNTEL INC10-Q
10/30/2017Shareholders' Equity
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Balance SheetShareholders Equity!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }I;}$ }
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K
SYNTEL INC10-Q
10/30/2017
Cash Flows NINE MONTHS ENDED
September 30,~
~
.&CASH FLOWS FROM OPERATING ACTIVITIES :
Net income(loss)
~
f
~
n
2*Adjustments to reconcile net income/(loss)-%to net cash from operating activities%Depreciation and amortization~
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:91Realized gains on sales of short-term investments~
f~
Deferred income taxes~
br~
vV2*Compensation expense related to restricted~
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activities!!!!!!!!!-"%CASH FLOWS FROM INVESTING ACTIVITIES:""""""""+##Property and equipment expenditures##~
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0plans*1"Proceeds from loans and borrowings11 1?111~
1j 1)2!Repayment of loans and borrowings22~
25222~
2Bg213)Fees paid relating to loans and borrowing33 3?333~
334
Dividend paid44 4?444~
44"5Repurchase of Common Stock55~
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7:777~
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Balance SheetShareholders Equity
Cash FlowsGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }I"}$ }}
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SYNTEL INC10-Q
10/30/201791Measurement of effectiveness and ineffectiveness:
(In thousands)
Particulars
Notional amount
Fair value of
Gain on fair value for
Gain on fair value for
outstandingderivative and
three months endednine months endedlocation on
September 30, 2017September 30, 2017
statement of financialposition as on
September 30,~
EffectiveIneffective EffectiveIneffectiveCash flow hedgeDeferred
Other
income
current taxes and
assets
othernon-currentassets$Pay fixed interest rate swap$288.8 Million~
~
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Balance SheetShareholders Equity
Cash Flows!Measurement of effectiveness an!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }a/}$
SYNTEL INC10-Q
10/30/2017Gains on Derivatives:
(In thousands)
THREE MONTHS ENDED
NINE MONTHS ENDED
September 30,
September 30,~
~
~
~
/
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~
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Balance SheetShareholders Equity
Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }0}$ }}$ }U}
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SYNTEL INC10-Q
10/30/20174,Derivative (Non-Designated) Hedging Strategy
(In thousands)
Foreign
Unrealized
Unrealized
Defined
Accumulated
Currencygain on
Gains
Benefit
OtherTranslationderivatives
(Losses)
Pension
Comprehensive
Adjustments
designated
on
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~
~
~
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Balance SheetShareholders Equity
Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }$4}$ }}$
SYNTEL INC10-Q
10/30/20174,Derivative (Non-Designated) Hedging Strategy
(In thousands) '
Details about Accumulated Other
Affected Line Item in
Before
Tax Expense
Net of Tax
#Comprehensive Income (Loss)the Statement WhereTax (Benefit)
ComponentsNet income (loss) IsAmount
Presented.&Unrealized (gains) losses on availableOther income ,net~
~
j
~
6for sale securities3+Amortization of prior service cost includedCost of revenues~
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~
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Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
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SYNTEL INC10-Q
10/30/20174,Derivative (Non-Designated) Hedging Strategy
(In thousands)
Foreign
Unrealized
Defined
Accumulated
Currency
Gains
Benefit
OtherTranslation(Losses) on
Pension
Comprehensive
Adjustments
Securities
Plans
LossBeginning balance~
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~
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Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }6}$ }m}$
SYNTEL INC10-Q
10/30/20174,Derivative (Non-Designated) Hedging Strategy
(In thousands) 5
-Details about Accumulated Other Comprehensive
Affected Line
Before
Tax Expense
Net of Tax
Income (Loss) ComponentsItem in theTax (Benefit) StatementAmount
Where Net Income Is Presented.&Unrealized (gains) losses on availableOther income~
~
^
~
2for sale securities3+Amortization of prior service cost includedCost of~
2~
~
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Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
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SYNTEL INC10-Q
10/30/20174,Derivative (Non-Designated) Hedging Strategy
(In thousands)
Foreign
Unrealized
Unrealized
Defined
Accumulated
Currencygain on
Gains
Benefit
OtherTranslationderivatives
(Losses) on
Pension
Comprehensive
Adjustments
designated
Securities
Plans
Lossas cash flowhedgesBeginning balance~
{~
~
"
~
~
q/'Other comprehensive income(loss) before~
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~
F
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~
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ExhibitsU }6}$ }m}$
SYNTEL INC10-Q
10/30/20174,Derivative (Non-Designated) Hedging Strategy
(In thousands) 5
-Details about Accumulated Other Comprehensive
Affected Line
Before
Tax Expense
Net of Tax
Income (Loss) ComponentsItem in theTax (Benefit) StatementAmount
Where Netincome(loss)Is Presented.&Unrealized (gains) losses on available
Other~
B~
~
for sale securitiesincome, net3+Amortization of prior service cost includedCost of~
~
~
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SYNTEL INC10-Q
10/30/20174,Derivative (Non-Designated) Hedging Strategy
(In thousands)
Foreign
Unrealized
Defined
Accumulated Other
Currency
Gains
Benefit
ComprehensiveTranslation(Losses) on
Pension
Income(Loss)
Adjustments
Securities
PlansBeginning balance~
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2 ~
~
/'Other comprehensive income(loss) before~
V~
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~
zreclassifications-%Amounts reclassified from accumulated ?~
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~
~
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~
~
~
income
Ending Balance~
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Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
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SYNTEL INC10-Q
10/30/20174,Derivative (Non-Designated) Hedging Strategy
(In thousands) 5
-Details about Accumulated Other Comprehensive
Affected Line
Before
Tax (Expense)
Net of
Loss ComponentsItem in theTaxBenefit
TaxStatement WhereAmount
Net Income Is Presented.&Unrealized gains (losses) on available
Other income,~
2~
b
~
for sale securitiesnet3+Amortization of prior service cost includedCost of~
~
~
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SYNTEL INC10-Q
10/30/20174,Derivative (Non-Designated) Hedging Strategy
Three Months Ended
Nine Months Ended
September 30,
September 30,~
~
~
~
(In thousands)
(In thousands)0
(Foreign currency translation adjustments
$?
~
$?
~
J
3+Unrealized (loss) on derivatives designated~
?
~
as cash flow hedges1)Tax benefit (expense) on unrealized gains~
~
r
~
~
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~
~
~
plans
:2Total tax benefit (expense) on other comprehensive~
~
N
~
~
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Balance SheetShareholders Equity
Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }1}$ }U}$ }
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SYNTEL INC10-Q
10/30/2017Short-term Investments ~
~
September 30
December 31(In thousands)1)Investments in mutual funds at fair value~
r~
Term deposits with banks
~
~
g
Total~
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~
Q$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0~rO?=PF0*8X>
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Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm Investments!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
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10/30/2017Short-term Investments ~
~
September 30
December 31Cost~
Z~
Unrealized gain, net~
~
Fair value~
r~
Gross realized gains~
~
zZ)!Proceeds on sales of mutual funds~
Z5
~
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Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
ExhibitsU }0}$ }a}$ }
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SYNTEL INC10-Q
10/30/2017,$Non-current Term Deposits with Banks Period " Payment amount per quarter
Beginning from
Until
(In millions)
December 31, 2016September 30, 2017@October 31, 2017September 30, 2018@
October 31, 2018
September 30, 2021
@
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ExhibitsU } }$
SYNTEL INC10-Q
10/30/2017,$Non-current Term Deposits with Banks (In thousands)
Term Loan
Revolving Facility
Principal PrincipalPaymentsPayments~
~
~
~
~
|~
~
~
~
~
~
~
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Cash Flows!Measurement of effectiveness anGains on Derivatives!Derivative NonDesignated Hedgin!Derivative NonDesignated He (1)!Derivative NonDesignated He (2)!Derivative NonDesignated He (3)!Derivative NonDesignated He (4)!Derivative NonDesignated He (5)!Derivative NonDesignated He (6)!Derivative NonDesignated He (7)!Derivative NonDesignated He (8)Shortterm InvestmentsShortterm Investments (1)!Noncurrent Term Deposits with B!Noncurrent Term Deposits wi (1)12 EARNINGS PER SHARE (1)Corporate Direct Costs14 GEOGRAPHIC INFORMATION14 GEOGRAPHIC INFORMATION (1)15 INCOME TAXESMinimum Alternate Tax MATRestricted Stock UnitsRestricted Stock Units (1)Restricted Stock Units (2)Restricted Stock Units (3)Restricted Stock Units (4)Restricted Stock Units (5)!LIQUIDITY AND CAPITAL RESOURCES!LIQUIDITY AND CAPITAL RESOU (1)Interest Rate RiskOTHER INFORMATION
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SYNTEL INC10-Q
10/30/201712. EARNINGS PER SHARE
1 )(in thousands, except per share earnings)
(
Three Months Ended September 30,
~
~
WeightedEarnings
Weighted
loss per
Average
per
Average
ShareShares
Share
Shares Basic earnings per share~
zG?
~
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SYNTEL INC10-Q
10/30/201712. EARNINGS PER SHARE
1 )(in thousands, except per share earnings)
'
Nine Months Ended September 30,
~
~
WeightedEarnings
Weighted
loss per
Average
per
Average
ShareShares
Share
Shares Basic earnings per share~
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SYNTEL INC10-Q
10/30/2017Corporate Direct Costs
Three Months Ended
Nine Months Ended
September 30,
September 30,~
~
~
~
(in thousands)
(in thousands)
Net Revenues:
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SYNTEL INC10-Q
10/30/2017"14. GEOGRAPHIC INFORMATION
Three Months Ended
Nine Months Ended
September 30,
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~
~
~
(in thousands)
(in thousands)
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~
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SYNTEL INC10-Q
10/30/2017"14. GEOGRAPHIC INFORMATION Long-Lived Assets (4)
As of
As of
September,30
December, 31~
~
(in thousands)
North America (2)
~
5
~
3
India~
~
C
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~
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SYNTEL INC10-Q
10/30/201715. INCOME TAXES
Three Months Ended
Nine Months Ended
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~
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SYNTEL INC10-Q
10/30/2017#Minimum Alternate Tax (MAT)$ Year of Expiry Of MAT Credit # Amount in USD (in millions)
2022-2023
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SYNTEL INC10-Q
10/30/2017Restricted Stock Units:
(in thousands)
Three Months Ended
Nine Months Ended
September 30,
September 30,~
~
~
~
(in thousands)
(in thousands)
Cost of revenues~
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SYNTEL INC10-Q
10/30/2017Restricted Stock Units:
Nine Months Ended
Year ended
September 30,
December 31,~
~
NumberWeighted
Number
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Average
Of
AverageAwards
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Grant Date Fair
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SYNTEL INC10-Q
10/30/2017Restricted Stock Units:
(In Millions)
Level 1
Level 2
Level 3
Total
Short Term Investments-
%Available for Sale Securities33333s@@
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SYNTEL INC10-Q
10/30/2017Restricted Stock Units:
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Level 1
Level 2
Level 3
Total
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SYNTEL INC10-Q
10/30/2017Restricted Stock Units:
(In Millions)
Balance Sheet Item
As of
As of
SeptemberDecember30, 201731, 2016
Short Term Investments
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SYNTEL INC10-Q
10/30/2017Restricted Stock Units:
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Three Months Ended
Nine Months Ended
September 30,
September 30,~
~
~
~
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~
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SYNTEL INC10-Q
10/30/2017'LIQUIDITY AND CAPITAL RESOURCES Period " Payment amount per quarter
Beginning from
Until
(In millions)
December 31, 2016September 30, 2017@October 31, 2017September 30, 2018@
October 31, 2018
September 30, 2021
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SYNTEL INC10-Q
10/30/2017'LIQUIDITY AND CAPITAL RESOURCES (In thousands)
Term LoanRevolving Facility Principal Principal
Payments
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~~
~
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SYNTEL INC10-Q
10/30/2017Interest Rate Risk ASSETS
September 30, December 31,
~
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SYNTEL INC10-Q
10/30/2017OTHER INFORMATION
Period Total number
Average price
Total
Maximum number
of shares (or
paid per
number of
(or approximateunits) share (or
shares (or
dollar value) of purchasedunit)including
units)
shares (or units)
other charges
purchased
that may yet be
as part of
purchased under
publicly
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SYNTEL INC10-Q
10/30/2017Exhibits Exhibit No. Description
333333$@-%Second Amendment to Credit Agreement,1)dated July 18, 2017, between the Company,
1
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