← Hamilton Lane INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $74.4m |
$106.3m
+42.80%
|
$99.0m
-6.87%
|
$126.8m
+28.06%
|
$168.8m
+33.14%
|
$247.3m
+46.49%
|
$187.2m
-24.29%
|
$227.2m
+21.38%
|
$313.8m
+38.10%
|
$387.7m
+23.57%
|
$435.5m
+12.33%
|
|
| Depreciation and amortization | $1.9m | $1.9m | $3.0m | $3.3m | $4.1m | $5.5m | $7.4m | $8.2m | $9.3m | $9.9m | $9.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $7.4m | $8.2m | $9.3m | $9.9m | $9.9m | |
| Change in deferred income taxes | $26k | $23.0m | $21.7m | $7.9m | $7.0m | $23.9m | $20.4m | $16.7m | $12.1m | $28.4m | — | |
| Deferred Tax | — | — | — | — | — | — | $20.4m | $16.7m | $12.1m | $28.4m | $30.7m | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $43.3m | $0 | $0 | — | $0 | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($6.5m) | ($36.5m) | ($30.6m) | ($53.4m) | ($45.8m) | |
| Change In Working Capital | — | — | — | — | — | — | ($19.5m) | ($42.4m) | ($60.9m) | $42.3m | ($56.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($584k) | ($61.7m) | ($81.2m) | $22.0m | ($73.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $4.7m | ($61.2m) | ($73.1m) | $29.6m | ($73.5m) | |
| Accounts payable | $725k | $334k | $919k | ($654k) | $205k | $654k | $1.7m | ($54k) | $964k | $190k | ($1.3m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $5.8m | $11.7m | $13.5m | $35.8m | ($1.3m) | |
| Accrued compensation and benefits | ($612k) | $4.7m | $4.5m | ($987k) | $18.6m | ($9.3m) | $4.1m | $11.8m | $12.6m | $35.6m | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $4.1m | $11.8m | $12.6m | $35.6m | $20.5m | |
| Other | ($611k) | $0 | ($383k) | $418k | $1.6m | ($75k) | ($2.8m) | $706k | $1.2m | $2.9m | — | |
| Other assets | ($610k) | $16k | ($1.6m) | ($1.6m) | ($549k) | $20k | ($6.7m) | $15.3m | $39k | ($608k) | — | |
| Other liabilities | $577k | $840k | $1.3m | $556k | $10.0m | $12.3m | ($13.2m) | $2.5m | $19.0m | ($7.3m) | — | |
| Change in other assets and liabilities | — | — | $0 | $0 | ($667k) | $441k | $5.8m | ($426k) | ($3.1m) | $4.5m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($6.7m) | $15.3m | $39k | ($608k) | $535k | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($20.8m) | ($6.1m) | $10.0m | ($16.8m) | ($7.1m) | |
| Net cash provided by operating activities | $81.7m |
$96.7m
+18.38%
|
$111.6m
+15.44%
|
$116.4m
+4.26%
|
$188.2m
+61.69%
|
$169.5m
-9.90%
|
$226.6m
+33.66%
|
$120.9m
-46.66%
|
$300.8m
+148.92%
|
$424.9m
+41.25%
|
$373.1m
-12.19%
|
|
| Purchase of furniture, fixtures and equipment | ($1.3m) | ($2.3m) | ($5.4m) | ($2.0m) | ($18.6m) | ($8.5m) | ($4.7m) | ($11.1m) | ($12.2m) | ($5.8m) | — | |
| Net realized (gain) loss on sale of investments | — | — | — | ($5.0m) | $0 | ($11.9m) | ($12.2m) | $288k | ($654k) | $0 | — | |
| Fair value adjustment of other investments | — | — | — | — | ($6.2m) | ($47.5m) | ($20.7m) | $333k | ($10.1m) | ($413k) | — | |
| Purchase of investments and convertible notes | — | $0 | $0 | ($4.0m) | ($90.5m) | ($19.0m) | ($37.0m) | ($6.4m) | ($11.7m) | ($15.0m) | ($516.3m) | |
| Proceeds from sale of investments | $0 | $0 | $22.5m | $6.4m | $0 | $12.6m | $13.5m | $1.3m | $6.9m | $0 | $0 | |
| Distributions received from investments | — | — | — | $0 | $3.1m | $12.7m | $1.4m | $0 | $0 | $23.4m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($2.5m) | ($8.0m) | ($1.0m) | — | ($157k) | |
| Net cash used in investing activities | ($16.7m) | ($21.8m) | ($19.2m) | ($49.9m) | ($421.8m) | ($70.5m) | $177.9m | ($122.2m) | ($117.6m) | ($494.8m) | ($547.9m) | |
| Borrowings of debt, net of deferred financing costs | $0 | $85.1m | $0 | $74.8m | $75.0m | $25.0m | $31.7m | $0 | $97.7m | $0 | — | |
| Repayments of long term debt | ($162.6m) | ($87.0m) | ($13.3m) | ($71.2m) | ($1.4m) | ($1.8m) | ($4.5m) | ($2.5m) | ($3.8m) | ($12.5m) | ($15.0m) | |
| Issuance Of Debt | — | — | — | — | — | — | $71.7m | $10.0m | $97.7m | $0 | $89.8m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $71.7m | $10.0m | $97.7m | $0 | $89.8m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($29.5m) | ($27.5m) | ($3.8m) | ($12.5m) | ($15.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $42.2m | ($17.5m) | $93.9m | ($12.5m) | ($15.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $42.2m | ($17.5m) | $93.9m | ($12.5m) | ($15.0m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | ($15.0m) | $15.0m | ($15.0m) | — | — | $0 | |
| Repayment Of Debt | — | — | — | — | — | — | ($29.5m) | ($27.5m) | ($3.8m) | ($12.5m) | ($15.0m) | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $40.0m | $10.0m | — | — | $0 | |
| Short Term Debt Payments | — | — | — | — | — | ($15.0m) | ($25.0m) | ($25.0m) | — | — | $0 | |
| Repurchase of Class B common stock | — | ($2k) | ($2k) | ($2k) | ($5k) | ($1k) | $0 | ($2k) | ($2k) | ($20.0m) | — | |
| Repurchase of Class A common stock for employee tax withholding | ($2.2m) | ($6.5m) | ($5.4m) | ($5.9m) | ($6.0m) | ($3.5m) | ($2.3m) | ($3.5m) | ($5.5m) | ($4.6m) | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($135.9m) | ($109.3m) | ($119.8m) | ($141.8m) | ($143.6m) | |
| Common Stock Issuance | — | — | — | — | — | — | $43.7m | $201.7m | $248.4m | $55.5m | $55.5m | |
| Common Stock Payments | — | — | — | — | — | — | ($280.5m) | ($3.5m) | ($5.5m) | ($24.6m) | ($75.2m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $43.7m | $201.7m | $248.4m | $55.5m | $55.5m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($236.8m) | $198.2m | $242.9m | $30.9m | ($19.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($280.5m) | ($3.5m) | ($5.5m) | ($24.6m) | ($75.2m) | |
| Dividends paid | $0 | ($9.5m) | ($18.7m) | ($29.1m) | ($39.7m) | ($49.6m) | ($72.4m) | ($65.4m) | ($76.0m) | ($87.7m) | ($143.6m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($135.9m) | ($109.3m) | ($119.8m) | ($141.8m) | ($143.6m) | |
| Dividends Received CFI | — | — | — | — | — | — | $15.8m | $14.1m | $22.7m | $35.5m | $65.6m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($35.6m) | ($69.2m) | ($239.0m) | $276.1m | $375.5m | |
| Net cash provided by (used in) financing activities | ($101.2m) |
($59.7m)
+41.04%
|
($90.2m)
-51.18%
|
($64.7m)
+28.27%
|
$270.7m
+518.27%
|
($113.2m)
-141.83%
|
($364.1m)
-221.64%
|
$4.4m
+101.21%
|
($19.2m)
-535.49%
|
$155.8m
+913.16%
|
$200.3m
+28.59%
|
|
| Cash and cash equivalents, restricted cash, and cash and cash equivalents held at Consolidated Funds and Partnerships at beginning of the year | $34.1m | $49.4m | $51.6m | $53.2m | $90.4m | $76.2m | $116.6m | $119.6m | $283.6m | $371.9m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $76.2m | $116.6m | $119.6m | $283.6m | $322.1m | |
| Increase in cash and cash equivalents, restricted cash, and cash and cash equivalents held at Consolidated Funds and Partnerships | ($36.2m) | $15.2m | $2.2m | $1.6m | $37.2m | ($14.2m) | $40.4m | $3.1m | $164.0m | $88.3m | — | |
| Restricted cash | — | — | $2.2m | $3.1m | $3.0m | $280.0m | $4.8m | $5.0m | $6.3m | $8.0m | — | |
| Effect of exchange rate changes on cash and cash equivalents | $0 | $0 | $8k | ($144k) | $130k | $0 | $0 | $0 | ($102k) | $2.4m | $2.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Change in payable to related parties pursuant to tax receivable agreement | $0 | ($5.1m) | ($9.8m) | ($346k) | $897k | ($5.3m) | ($3.3m) | $318k | $2.1m | ($3.5m) | ($1.3m) | |
| Equity-based compensation | $4.7m | $5.5m | $6.4m | $7.2m | $7.1m | $7.4m | $9.9m | $12.1m | $31.4m | $50.9m | — | |
| Equity‑based consideration payable to customer | — | — | — | — | — | — | — | $0 | $0 | $281k | — | |
| Equity in income of investees | ($12.8m) | ($17.1m) | ($7.2m) | ($20.2m) | ($32.4m) | ($78.8m) | ($5.1m) | ($1.6m) | ($1.6m) | ($1.5m) | — | |
| Proceeds received from Funds | $10.8m | $14.4m | $14.1m | $12.8m | $784k | $46.8m | $16.0m | $28.3m | $47.2m | $35.1m | — | |
| Non-cash lease expense | — | — | $0 | $4.6m | $7.4m | $9.9m | $7.5m | $8.7m | $9.0m | $9.6m | — | |
| Fees receivable | ($285k) | ($2.6m) | ($5.4m) | ($10.0m) | $1.2m | ($22.7m) | $4.7m | ($61.2m) | ($73.1m) | $29.6m | — | |
| Prepaid expenses | ($1.0m) | $299k | ($2.4m) | ($2.3m) | $845k | ($683k) | ($3.0m) | ($1.3m) | ($185k) | ($2.5m) | — | |
| Due from related parties | ($461k) | $77k | $608k | $23k | $110k | $623k | ($5.3m) | ($528k) | ($8.1m) | ($7.6m) | — | |
| Lease liability | — | — | $0 | ($5.0m) | $3.1m | ($3.3m) | ($7.6m) | ($8.6m) | ($9.0m) | ($9.5m) | — | |
| Cash relinquished from deconsolidation of fund | — | — | — | — | — | $0 | $0 | ($101.7m) | ($12.2m) | $0 | — | |
| Net proceeds from sale of Consolidated Fund | — | — | — | — | — | — | — | $0 | $0 | $22.1m | — | |
| Proceeds from sale of intangible assets | — | — | — | — | — | $0 | $0 | $3.3m | $2.1m | $0 | — | |
| Distributions received from Funds | $8.8m | $16.1m | $10.6m | $7.7m | $31.2m | $15.0m | $14.4m | $14.1m | $22.7m | $12.0m | — | |
| Contributions to Funds | — | — | — | — | — | ($73.2m) | ($84.6m) | ($57.7m) | ($58.4m) | ($96.7m) | — | |
| Cash from consolidating funds | — | — | — | — | — | — | $0 | $0 | $12.1m | $0 | — | |
| Proceeds from offering | $0 | $125.2m | $193.5m | $147.1m | $473.3m | $73.8m | $43.7m | $201.7m | $248.4m | $55.5m | — | |
| Purchase of membership interests | ($56.0m) | $0 | ($193.5m) | ($147.1m) | ($473.3m) | ($73.8m) | ($43.7m) | ($201.7m) | ($248.4m) | ($55.5m) | — | |
| Draw-down of revolver | — | $10.4m | $0 | $15.0m | $15.0m | $0 | $40.0m | $10.0m | $0 | $0 | — | |
| Repayment of revolver | — | $0 | ($10.4m) | ($15.0m) | $0 | ($15.0m) | ($25.0m) | ($25.0m) | $0 | $0 | — | |
| Proceeds received from issuance of shares under Employee Share Purchase Plan | — | $313k | $264k | $1.2m | $1.4m | $1.9m | $1.9m | $2.3m | $2.8m | $3.1m | — | |
| Payments to related parties pursuant to the tax receivable agreement | — | $0 | ($383k) | ($2.0m) | ($6.9m) | ($23.2m) | ($10.3m) | ($11.1m) | ($11.9m) | ($12.0m) | — | |
| Members’ distributions paid | ($80.5m) | ($36.9m) | ($50.6m) | ($47.4m) | ($34.4m) | ($47.7m) | ($63.4m) | ($43.9m) | ($43.8m) | ($54.1m) | — | |
| Contributions from non-controlling interests in Consolidated Funds and Partnerships | $532k | $276k | $81k | $45k | $252k | $1.4m | $725k | $770k | $461k | $344.2m | — | |
| Distributions to non-controlling interests in Consolidated Funds and Partnerships | ($3.2m) | ($5.4m) | ($2.2m) | ($993k) | ($2.6m) | ($588k) | ($1.3m) | ($138k) | ($219k) | ($588k) | — | |
| Cash and cash equivalents | — | — | $49.4m | $50.1m | $87.0m | $72.2m | $111.7m | $114.6m | $277.3m | $363.9m | $322.1m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($364.1m) | $4.4m | ($19.2m) | $155.8m | $200.3m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $177.9m | ($122.2m) | ($117.6m) | ($494.8m) | ($547.9m) | |
| Change In Account Payable | — | — | — | — | — | — | $1.7m | ($54k) | $964k | $190k | ($1.3m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $40.4m | $3.1m | $164.0m | $88.3m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $5.8m | ($426k) | ($3.1m) | $4.5m | $4.5m | |
| Change In Payable | — | — | — | — | — | — | $1.7m | ($54k) | $964k | $190k | ($1.3m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($3.0m) | ($1.3m) | ($185k) | ($2.5m) | ($469k) | |
| Changes In Cash | — | — | — | — | — | — | $40.4m | $3.1m | $164.1m | $85.9m | $25.5m | |
| End Cash Position | — | — | — | — | — | — | $116.6m | $119.6m | $283.6m | $371.9m | $347.7m | |
| Financing Cash Flow | — | — | — | — | — | — | ($364.1m) |
$4.4m
+101.21%
|
($19.2m)
-535.49%
|
$155.8m
+913.16%
|
$200.3m
+28.59%
|
|
| Free Cash Flow | — | — | — | — | — | — | $221.8m | $109.8m | $288.7m | $419.1m | $366.8m | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($16.4m) | ($15.1m) | $288k | ($654k) | — | ($654k) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $0 | ($101.7m) | — | — | — | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $0 | $2.8m | $0 | $0 | — | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | $177.9m | ($122.2m) | ($117.6m) | ($494.8m) | ($547.9m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($86.1m) | ($57.7m) | ($46.3m) | ($74.6m) | ($90.9m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | $3.3m | $2.1m | $0 | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $255.4m | ($70.8m) | ($83.9m) | ($449.8m) | ($516.3m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($4.7m) | ($11.1m) | ($12.2m) | ($5.8m) | ($6.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($18.9m) | ($36.2m) | ($31.3m) | ($53.4m) | ($45.4m) | |
| Other Non Cash Items | — | — | — | — | — | — | $17.4m | ($63.7m) | $47.4m | $44.0m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $1.9m | $2.3m | $2.8m | $3.1m | $3.1m | |
| Purchase Of Business | — | — | — | — | — | — | ($86.1m) | ($57.7m) | ($58.4m) | ($96.7m) | ($113.1m) | |
| Purchase Of Intangibles | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($37.0m) | ($72.2m) | ($90.8m) | ($449.8m) | ($516.3m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($4.7m) | ($11.1m) | ($12.2m) | ($5.8m) | ($6.3m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $12.1m | $22.1m | $0 | |
| Sale Of Intangibles | — | — | — | — | — | — | $0 | $3.3m | $2.1m | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $9.9m | $12.1m | $31.4m | $51.1m | $51.3m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($20.7m) | ($1.1m) | ($21.0m) | ($85.2m) | ($96.2m) |