← PJT Partners Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($3.0m) |
($32.6m)
-972.97%
|
$27.2m
+183.46%
|
$29.6m
+8.80%
|
$117.5m
+297.64%
|
$106.2m
-9.68%
|
$90.5m
-14.73%
|
$81.8m
-9.65%
|
$134.4m
+64.30%
|
$180.1m
+34.02%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $5.1m | ($28.3m) | $42.6m | $63.8m | $212.4m | $190.0m | $164.8m | $145.7m | $238.5m | $309.7m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $4.2m | $15.4m | $34.2m | $94.9m | $83.8m | $74.2m | $63.9m | $104.1m | $129.6m | — | |
| Depreciation, Depletion and Amortization | $14.0m | $8.1m | $10.0m | $14.5m | $15.1m | $15.8m | $15.5m | $14.0m | $12.8m | $13.3m | $33.7m | |
| Amortization of Intangible Assets | $8.9m | $2.4m | $3.7m | $7.7m | $7.8m | $7.6m | $6.5m | $4.9m | $5.1m | $5.6m | — | |
| Depreciation | $5.2m | $5.7m | $6.2m | $6.8m | $7.3m | $8.0m | $9.0m | $9.1m | $7.7m | $7.8m | $33.7m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $36.2m | $36.7m | $28.7m | $31.2m | $33.7m | |
| Deferred Income Tax Expense (Benefit) | $2.3m | $31.0m | ($7.8m) | $11.5m | $6.9m | $7.1m | $1.8m | ($1.9m) | ($8.5m) | ($3.2m) | ($3.2m) | |
| Deferred Tax | — | — | — | — | — | — | $1.8m | ($1.9m) | ($8.5m) | ($3.2m) | ($3.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $89.0m | $115.9m | $118.0m | $111.6m | $120.9m | $108.9m | $165.5m | $178.5m | $209.2m | $234.3m | $236.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $266k | $4.1m | $22.4m | $9.6m | $12.7m | $22.8m | $17.8m | $19.4m | $37.5m | $54.9m | — | |
| Share-based Payment Arrangement, Expense | $89.0m | $115.9m | $118.0m | $111.6m | $120.9m | $108.9m | $165.5m | $178.5m | $209.2m | $234.3m | $236.7m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($131.2m) | $78.6m | $61.3m | ($41.1m) | $106.9m | |
| Increase (Decrease) in Accounts Receivable | $64.9m | ($41.2m) | $36.6m | $11.1m | $4.9m | $61.0m | $32.5m | ($51.9m) | $55.9m | $75.9m | ($36.1m) | |
| Change In Receivables | — | — | — | — | — | — | ($32.5m) | $51.9m | ($55.9m) | ($75.9m) | ($36.1m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($32.5m) | $51.9m | ($55.9m) | ($75.9m) | ($36.1m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($56.1m) | $63.0m | $106.9m | $32.0m | ($13.6m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($35.3m) | $88.2m | $118.1m | $36.0m | $104.1m | |
| Increase (Decrease) in Other Operating Assets | $429k | $8.7m | $930k | $17.6m | $6.5m | $3.1m | $42.7m | $33.5m | ($11.0m) | ($5.4m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($42.7m) | ($33.5m) | $11.0m | $5.4m | $52.7m | |
| Change In Other Current Liabilities | — | — | — | — | — | ($21.4m) | ($22.5m) | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $116.9m |
$111.2m
-4.82%
|
$122.9m
+10.54%
|
$211.4m
+71.96%
|
$469.6m
+122.13%
|
$124.2m
-73.56%
|
$242.7m
+95.50%
|
$441.5m
+81.90%
|
$531.0m
+20.25%
|
$526.3m
-0.88%
|
$713.0m
+35.48%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $13.1m | $1.1m | $7.2m | $8.8m | $8.9m | $6.5m | $3.4m | $3.9m | $3.3m | $45.9m | ($51.2m) | |
| Payments to Acquire Investments | — | $57.2m | $22.0m | $11.3m | $278.1m | $97.6m | $143.9m | $328.8m | $370.0m | $182.4m | ($428.8m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $61.5m | — | — | — | — | — | $10.7m | $0 | $0 | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($31.5m) | ($1.7m) | ($145.8m) | $131.3m | ($53.2m) | ($34.3m) | $8.1m | ($28.5m) | ($244.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | $8.5m | $21.5m | — | — | — | — | — | $0 | |
| Issuance Of Debt | — | — | — | — | — | — | $42.0m | $15.0m | $0 | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $42.0m | $15.0m | $0 | $0 | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | ($42.0m) | ($15.0m) | $0 | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($42.0m) | ($15.0m) | $0 | $0 | $0 | |
| Short Term Debt Issuance | — | — | — | — | — | $15.0m | $42.0m | $15.0m | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | ($15.0m) | ($42.0m) | ($15.0m) | — | — | — | |
| Payments for Repurchase of Common Stock | — | $2.3m | $64.9m | $47.8m | $48.7m | $103.3m | $109.5m | $116.7m | $235.1m | $195.2m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($24.6m) | ($24.4m) | ($24.1m) | ($24.5m) | ($25.1m) | |
| Common Stock Payments | — | — | — | — | — | — | ($109.5m) | ($116.7m) | ($235.1m) | ($195.2m) | ($119.2m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($109.5m) | ($116.7m) | ($235.1m) | ($195.2m) | ($119.2m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($109.5m) | ($116.7m) | ($235.1m) | ($195.2m) | ($119.2m) | |
| Dividends paid | $4 | $4 | $4 | $5 | $5 | $78 | $25 | $24 | $24 | $25 | ($25.1m) | |
| Payments of Dividends | $4 | $4 | $4 | $5 | $5 | $78 | $25 | $24 | $24 | $25 | ($25.1m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($24.6m) | ($24.4m) | ($24.1m) | ($24.5m) | ($25.1m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($75.9m) | ($86.9m) | ($149.4m) | ($234.0m) | ($303.5m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($130.7m) |
($101.3m)
+22.49%
|
($244.4m)
-141.31%
|
($353.4m)
-44.58%
|
($210.0m)
+40.57%
|
($228.1m)
-8.60%
|
($408.7m)
-79.19%
|
($453.8m)
-11.04%
|
($447.9m)
+1.30%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($39.5m) | $109.8m | $83.6m | ($99.0m) | ($27.2m) | $182.3m | $128.3m | $55.0m | $235.3m | |
| Beginning Cash Position | — | — | — | — | — | — | $200.5m | $173.2m | $355.5m | $483.9m | $214.6m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($6.7m) | $3.2m | ($2.0m) | $11.0m | $199k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $368k | $1.4m | $116k | $10k | $133k | $20k | $0 | $0 | — | |
| Income Taxes Paid, Net | $6.8m | $15.1m | $501k | $3.8m | $36.2m | $30.9m | $28.6m | $23.3m | $36.1m | $44.4m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | $1.5m | ($770k) | — | — | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | $5.6m | — | — | — | — | — | — | — | — | — | — | |
| Goodwill | $72.3m | $72.3m | $176.0m | $172.7m | $172.7m | $172.7m | $172.7m | $172.7m | $191.6m | $191.6m | — | |
| Income Tax Expense (Benefit) | $9.4m | $38.4m | ($1.0m) | $18.4m | $35.5m | $29.5m | $36.7m | $31.9m | $32.1m | $33.2m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($210.0m) | ($228.1m) | ($408.7m) | ($453.8m) | ($447.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($53.2m) | ($34.3m) | $8.1m | ($28.5m) | ($244.4m) | |
| Change In Account Payable | — | — | — | — | — | — | ($20.8m) | ($28.2m) | ($12.2m) | ($1.6m) | ($13.6m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($27.2m) | $182.3m | $128.3m | $55.0m | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | $105k | $3.0m | $908k | ($2.4m) | ($2.1m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $55k | ($2.8m) | ($636k) | ($2.7m) | $1.8m | |
| Change In Payable | — | — | — | — | — | — | ($20.7m) | ($25.2m) | ($11.3m) | ($4.0m) | ($13.6m) | |
| Change In Tax Payable | — | — | — | — | — | — | $105k | $3.0m | $908k | ($2.4m) | ($2.1m) | |
| Changes In Cash | — | — | — | — | — | — | ($20.5m) | $179.1m | $130.3m | $44.0m | $20.7m | |
| End Cash Position | — | — | — | — | — | — | $173.2m | $355.5m | $483.9m | $538.9m | $235.3m | |
| Financing Cash Flow | — | — | — | — | — | — | ($210.0m) |
($228.1m)
-8.60%
|
($408.7m)
-79.19%
|
($453.8m)
-11.04%
|
($447.9m)
+1.30%
|
|
| Free Cash Flow | — | — | — | — | — | — | $239.3m | $437.6m | $527.7m | $480.4m | $661.8m | |
| Investing Cash Flow | — | — | — | — | — | — | ($53.2m) | ($34.3m) | $8.1m | ($28.5m) | ($244.4m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($10.7m) | $0 | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($49.8m) | ($30.4m) | $22.1m | $17.3m | ($193.2m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($3.4m) | ($3.9m) | ($3.3m) | ($45.9m) | ($51.2m) | |
| Other Non Cash Items | — | — | — | — | — | — | $2.8m | ($935k) | ($1.9m) | ($3.9m) | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $2.8m | $4.9m | $3.7m | ($797k) | ($3.3m) | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($10.7m) | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($143.9m) | ($328.8m) | ($370.0m) | ($182.4m) | ($428.8m) | |
| Purchase Of PPE | $13.1m | $1.1m | $7.2m | $8.8m | $8.9m | $6.5m | ($3.4m) | ($3.9m) | ($3.3m) | ($45.9m) | ($51.2m) | |
| Sale Of Investment | — | — | — | — | — | — | $94.1m | $298.3m | $392.1m | $199.7m | $235.6m | |
| Stock Based Compensation | — | — | — | — | — | — | $165.5m | $178.5m | $209.2m | $234.3m | $236.7m |