← HOULIHAN LOKEY, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $108.3m |
$172.3m
+59.02%
|
$159.1m
-7.65%
|
$183.8m
+15.52%
|
$312.8m
+70.18%
|
$437.8m
+39.96%
|
$254.2m
-41.93%
|
$280.3m
+10.26%
|
$399.7m
+42.60%
|
$425.7m
+6.50%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $108.3m | $172.3m | $159.1m | $183.8m | $312.8m | $438.3m | $254.2m | $280.3m | $399.7m | $424.2m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | $573k | $0 | $0 | — | ($1.5m) | — | |
| Depreciation, Depletion and Amortization | $8.9m | $7.9m | $14.5m | $17.3m | $15.2m | $48.5m | $58.2m | $28.5m | $41.3m | $42.6m | $34.6m | |
| Amortization of Intangible Assets | $3.1m | $1.7m | $6.0m | $1.7m | $4.2m | $33.9m | $45.0m | $10.8m | $19.3m | $15.1m | — | |
| Depreciation | $5.7m | $6.2m | $8.4m | $6.2m | $11.1m | $14.6m | $13.2m | $17.8m | $21.9m | $27.6m | $26.6m | |
| Deferred Income Tax Expense (Benefit) | ($6.1m) | ($6.6m) | ($10.7m) | ($9.7m) | ($21.2m) | ($71.1m) | ($3.4m) | $20.5m | ($957k) | ($25.1m) | ($11.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $39.4m | $47.1m | $56.6m | — | — | — | — | — | — | — | $204.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $33.4m | $1.9m | $31.5m | $17.8m | $33.7m | $42.3m | $70.7m | $102.3m | $142.7m | — | |
| Share-based Payment Arrangement, Expense | $45.1m | $47.1m | $56.6m | $64.3m | $62.4m | $91.9m | $156.9m | $166.6m | $168.4m | $201.3m | $204.3m | |
| Income (Loss) from Equity Method Investments | ($3.8m) | $3.2m | $609k | — | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($3.5m) | $3.4m | $4.8m | $6.0m | $1.1m | ($8.9m) | ($17.7m) | $27.7m | $29.8m | $35.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $5.5m | $18.2m | ($21.6m) | $13.4m | $33.0m | ($14.1m) | $37.7m | $23.8m | $55.7m | ($32.6m) | ($78.5m) | |
| Increase (Decrease) in Other Operating Assets | ($3.7m) | $1.7m | $12.7m | $4.5m | $11.6m | ($14.9m) | $26.0m | $6.8m | $33.2m | $19.9m | — | |
| Net Cash Provided by (Used in) Operating Activities | $229.3m |
$250.6m
+9.33%
|
$224.3m
-10.52%
|
$287.7m
+28.27%
|
$579.8m
+101.56%
|
$736.6m
+27.04%
|
$136.3m
-81.50%
|
$328.5m
+141.03%
|
$848.6m
+158.36%
|
$704.1m
-17.03%
|
$500.1m
-28.97%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $14.4m | $7.7m | $6.7m | $20.7m | $14.1m | $8.7m | $50.7m | $66.7m | $39.7m | $22.3m | ($15.3m) | |
| Payments to Acquire Investments | $0 | — | $147.0m | $350.7m | $391.6m | $101.6m | $19.2m | $11.3m | $250.5m | $263.3m | ($114.3m) | |
| Unrealized Gain (Loss) on Investments | — | — | $430k | $75k | $99k | ($4.2m) | ($3.7m) | $876k | $1.4m | — | ($2.1m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $3.7m | $2.7m | $71.4m | $2.2m | $12.5m | $361.0m | $20.4m | $3.9m | $69.2m | $2.5m | ($1.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.7m) | ($218.6m) | $6.5m | ($33.1m) | ($99.7m) | ($273.9m) | ($3.0m) | ($70.4m) | ($265.1m) | $2.2m | $4.2m | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | — | $15.1m | $35.0m | $29.6m | $102.2m | $304.8m | $48.7m | $25.0m | $52.5m | $175.4m | — | |
| Proceeds from Issuance of Common Stock | $193.6m | $93.5m | $0 | $0 | $189.1m | $0 | $0 | — | — | — | $0 | |
| Dividends paid | $55 | $52 | $67 | $81 | $92 | $115 | $140 | $148 | $165 | $174 | ($182.0m) | |
| Payments of Dividends | $55 | $52 | $67 | $81 | $92 | $115 | $140 | $148 | $165 | $174 | ($182.0m) | |
| Dividends Payable | $3 | $4 | $8 | $9 | $7 | $9 | $19 | $23 | $23 | $19 | — | |
| Proceeds from (Payments for) Other Financing Activities | ($233k) | ($3.9m) | $187k | $369k | $333k | $477k | $570k | $587k | $710k | $0 | — | |
| Net Cash Provided by (Used in) Financing Activities | $102.9m |
($225.3m)
-318.91%
|
($236.1m)
-4.81%
|
($152.1m)
+35.57%
|
($26.8m)
+82.37%
|
($459.1m)
-1611.44%
|
($240.5m)
+47.62%
|
($250.6m)
-4.21%
|
($329.1m)
-31.32%
|
($492.9m)
-49.80%
|
($512.9m)
-4.06%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $785k | ($14.1m) | $94.6m | $466.5m | ($13.2m) | ($119.3m) | $7.0m | $253.7m | $218.3m | $789.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $785k | $286.1m | $380.7m | $847.2m | $834.1m | $714.8m | $721.9m | $975.6m | $1.2b | $789.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $785k | ($8.7m) | ($7.8m) | $13.2m | ($16.8m) | ($12.1m) | ($425k) | ($756k) | $4.9m | ($39.1m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $977k | $1.0m | $989k | $1.0m | $5.9m | $579k | $1.4m | — | — | |
| Income Taxes Paid, Net | $57.3m | $47.6m | $82.5m | $74.5m | $44.2m | $242.0m | $156.8m | $105.1m | $93.3m | $187.2m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | $671k | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | $5.1m | — | — | — | — | — | — | — | — | — | |
| Goodwill | $519.5m | $528.9m | $594.8m | $618.5m | $671.1m | $1.1b | $1.1b | $1.1b | $1.3b | $1.4b | — | |
| Income Tax Expense (Benefit) | $70.1m | $45.6m | $65.2m | $51.9m | $96.5m | $165.6m | $69.8m | $110.2m | $131.6m | $138.1m | — | |
| Operating Expenses | $690.1m | $748.9m | $864.9m | $929.8m | $1.1b | $1.7b | $1.5b | $1.6b | $1.9b | $2.1b | — | |
| Operating Lease, Expense | — | — | — | — | — | $47.7m | $55.8m | $76.1m | $77.9m | $79.8m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $1.1b | $1.2b | $1.5b | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.