Greenhill & co inc (GHL)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Cash and cash equivalents ($9.7 million and $9.8 million restricted from use at March 31, 2020 and December 31, 2019, respectively)

79,667

113,975

117,474

109,720

80,452

156,374

125,396

149,286

208,140

267,646

50,875

68,022

51,993

98,313

55,819

63,785

55,600

69,962

35,286

47,277

34,446

50,940

36,870

29,160

36,524

42,679

30,344

33,533

33,952

50,324

38,107

41,610

42,032

62,050

62,112

59,379

42,823

78,227

56,766

37,585

74,473

Fees receivable, net of allowance for doubtful accounts of $1.1 million at both March 31, 2020 and December 31, 2019

56,079

77,766

39,725

43,260

45,381

61,793

86,767

98,899

102,580

64,244

54,342

50,120

67,557

68,140

76,630

66,934

62,116

64,430

82,517

79,962

72,784

81,771

88,324

74,606

57,294

85,236

64,645

57,015

55,913

54,444

58,823

47,307

56,096

53,274

36,373

33,606

32,654

30,187

48,527

26,434

26,021

Subscription receivable

-

-

-

-

-

-

-

-

-

-

20,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables

12,847

2,519

5,969

12,285

7,741

2,595

2,973

4,400

10,770

3,964

3,734

3,716

6,066

2,830

3,805

3,370

8,806

5,470

6,054

6,043

6,590

5,493

2,252

6,087

11,661

2,877

4,341

2,896

1,948

1,554

1,562

3,098

1,102

1,130

2,124

6,087

9,835

2,899

3,869

7,005

9,739

Property and equipment, net of accumulated depreciation of $47.7 million at both March 31, 2020 and December 31, 2019

6,241

6,281

6,359

6,621

6,833

7,185

7,501

8,116

8,627

8,602

8,471

8,650

8,605

8,764

9,225

9,593

9,523

9,783

10,240

9,873

9,444

10,335

10,704

11,246

11,178

11,500

11,893

12,851

13,493

14,404

14,849

15,159

15,788

15,995

16,776

18,005

16,677

17,563

14,188

12,574

12,794

Operating lease right-of-use asset

23,908

28,346

28,127

31,432

34,879

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,012

26,100

25,630

34,165

45,586

63,985

73,429

71,219

64,800

91,339

85,683

87,373

94,151

111,237

78,516

Investments in merchant banking funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,469

3,540

3,577

-

3,451

3,305

3,675

4,173

4,275

4,525

6,259

11,745

11,285

12,997

16,586

16,772

46,891

48,256

46,729

41,642

38,189

40,779

75,709

73,533

77,478

76,703

71,844

Due from affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

298

502

233

Goodwill

192,462

205,992

201,968

205,896

206,685

205,922

209,137

211,417

215,541

217,737

218,216

215,568

214,335

208,186

214,982

212,317

215,098

209,024

206,182

216,790

121,666

130,976

139,623

150,075

147,084

142,972

149,112

146,227

164,714

164,890

164,854

162,220

164,074

161,664

153,569

170,045

164,410

162,507

154,075

135,812

18,721

Deferred tax asset, net

47,087

51,278

-

-

-

43,706

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset, net

-

-

46,148

42,995

39,964

-

41,547

40,183

38,306

42,345

60,935

55,585

53,477

62,108

53,983

52,220

44,365

56,072

53,613

47,397

43,198

50,244

47,532

41,679

41,305

54,202

47,062

48,431

41,176

47,512

46,459

40,095

35,769

48,307

46,263

46,085

42,987

47,842

51,133

50,336

40,101

Other assets

15,219

8,218

13,052

17,437

18,869

8,125

12,268

12,483

15,299

6,279

7,898

7,950

8,122

8,341

9,371

6,958

5,601

8,403

6,182

6,839

2,876

3,718

4,295

4,190

3,231

2,235

2,982

2,605

2,291

2,905

3,996

4,202

4,582

5,462

6,578

7,739

7,729

8,546

8,344

7,839

1,713

Total assets

433,510

494,375

458,822

469,646

440,804

485,700

485,589

524,784

599,263

610,817

424,471

409,611

410,155

456,682

427,284

418,717

404,686

423,144

403,525

417,486

294,679

337,650

333,875

321,568

314,536

353,446

332,676

342,655

355,703

386,970

421,127

425,932

439,601

460,743

426,788

473,067

478,511

508,677

508,833

466,031

334,160

Liabilities and Equity
Compensation payable

18,964

26,878

21,276

26,438

19,968

56,922

41,532

40,203

27,872

26,022

18,103

22,700

15,228

37,527

20,793

18,521

14,919

22,133

11,846

14,461

7,460

26,404

16,127

10,036

5,159

13,851

4,600

15,337

10,795

21,419

5,514

9,477

13,870

34,913

21,082

21,707

10,957

30,515

17,484

18,000

31,855

Accounts payable and accrued expenses

12,459

12,412

14,242

13,161

13,218

17,167

23,300

21,951

28,817

15,443

10,068

8,771

9,189

9,297

10,733

11,766

9,016

9,858

11,526

15,191

10,292

9,035

9,850

10,516

8,859

13,346

9,450

7,860

8,559

7,872

19,050

14,473

10,160

15,506

22,952

20,582

10,540

13,268

22,939

9,299

13,066

Current income taxes payable

11,831

9,653

1,662

1,677

3,162

7,486

8,886

7,851

11,537

5,311

5,486

5,635

2,774

18,968

15,800

13,737

4,974

19,020

10,939

12,872

5,721

10,007

10,983

6,805

10,295

15,345

11,921

8,600

8,350

15,797

-

-

-

-

-

-

-

-

-

-

-

Operating lease obligations

25,889

30,750

30,647

34,295

37,896

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,637

15,637

14,302

14,302

14,301

14,301

-

-

-

-

-

Bank revolving loan payable

-

-

-

-

-

-

-

-

-

-

83,775

68,650

74,000

64,070

62,500

54,900

55,100

39,800

44,920

38,750

34,700

35,600

39,200

37,450

36,250

30,849

36,350

32,250

26,450

29,125

35,425

27,825

27,040

28,100

25,300

24,670

73,270

67,000

62,525

55,425

37,150

Bank term loans payable

-

-

-

-

-

-

-

-

-

-

0

11,250

16,875

16,875

16,875

22,500

33,750

33,750

33,750

33,750

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Secured term loan payable

342,826

358,003

357,554

366,481

311,305

319,479

327,653

331,451

335,250

339,048

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent obligation due selling unitholders of Cogent

-

-

0

0

18,868

18,293

17,784

17,354

14,673

13,763

9,456

7,582

9,090

15,095

15,069

15,104

14,032

13,647

13,244

13,144

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

11,466

12,004

-

-

-

3,990

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

5,091

4,766

4,270

-

3,759

3,409

3,109

2,928

4,764

4,426

4,022

3,667

3,317

2,405

2,014

1,580

993

705

275

362

0

903

2,158

2,345

2,368

6,956

5,586

9,245

12,480

16,482

21,046

20,368

15,385

27,519

25,300

25,032

23,684

26,727

18,141

Due to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

2

2

-

0

0

393

Total liabilities

423,435

449,700

430,472

446,818

408,687

423,337

422,914

422,219

421,258

402,515

131,652

129,014

131,178

165,499

145,087

138,933

133,805

139,788

127,218

128,873

58,448

81,408

76,160

65,710

62,721

75,736

64,689

71,003

59,740

83,458

88,106

83,894

86,418

113,189

99,025

108,784

120,072

135,815

126,633

109,451

100,607

Common stock, par value $0.01 per share; 100,000,000 shares authorized, 48,348,033 and 46,801,812 shares issued as of March 31, 2020 and December 31, 2019, respectively; 18,771,782 and 18,355,907 shares outstanding as of March 31, 2020 and December 31, 2019, respectively

483

468

468

467

462

450

449

448

447

438

437

424

424

414

414

413

413

405

405

404

396

389

389

388

387

379

378

377

370

365

365

364

364

358

357

357

356

351

351

350

332

Contingent convertible preferred stock, par value $0.01 per share; 10,000,000 shares authorized, 1,099,877 shares issued as of December 31, 2015 and 2014, respectively; 0 and 439,951 shares outstanding as of December 31, 2015 and 2014, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

14,446

14,446

14,446

14,446

14,446

14,446

14,446

14,446

46,950

46,950

46,950

46,950

46,950

46,950

46,950

46,950

46,950

46,950

46,950

46,950

0

Restricted stock units

47,430

77,657

66,796

56,911

47,214

71,596

64,706

55,843

54,871

80,512

75,422

65,946

58,519

85,907

72,105

62,584

51,716

84,969

73,182

66,515

55,363

90,107

85,707

74,916

70,326

117,258

106,565

96,764

91,762

107,253

96,473

86,145

74,111

99,916

81,476

78,682

67,751

89,365

88,424

76,735

81,219

Additional paid-in capital

927,686

887,095

887,225

884,646

880,924

846,721

842,437

840,249

834,692

800,806

797,197

775,390

773,999

734,728

734,586

732,874

731,806

697,607

697,396

694,278

635,178

596,463

591,989

588,140

583,311

534,533

532,503

528,248

488,554

458,642

456,526

452,176

451,125

412,283

410,182

406,841

405,669

368,090

370,782

366,427

237,716

Exchangeable shares of subsidiary; 257,156 shares issued as of December 31, 2019 and 2018; 0 and 32,804 shares outstanding as of December 31, 2019 and 2018, respectively

-

-

0

0

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

1,958

2,728

3,683

3,683

6,578

6,578

6,578

6,578

6,578

6,578

6,578

7,937

Retained earnings

60,202

69,093

46,231

32,645

46,695

63,427

53,620

43,714

34,631

37,595

65,196

86,503

95,599

111,798

102,794

104,497

99,396

109,860

116,200

129,919

134,901

141,290

139,810

133,046

138,777

152,412

150,231

161,978

160,050

159,918

158,639

163,743

175,483

173,374

170,465

175,881

168,667

184,621

197,271

197,303

206,974

Accumulated other comprehensive income (loss)

-48,147

-34,115

-40,024

-35,977

-34,651

-35,705

-31,924

-29,461

-23,056

-22,222

-23,127

-25,667

-27,782

-32,398

-26,640

-27,445

-24,376

-28,405

-30,520

-23,215

-25,008

-17,969

-12,735

-4,539

-6,650

-9,361

-4,789

-7,979

5,165

6,624

6,870

3,594

5,878

3,128

-3,458

15,185

9,297

5,127

-2,471

-23,429

-8,737

Treasury stock, at cost, par value $0.01 per share; 29,576,251 and 28,445,905 shares as of March 31, 2020 and December 31, 2019, respectively

977,579

955,523

932,346

915,864

910,485

886,084

868,571

810,186

725,538

690,785

624,264

623,957

623,740

611,224

603,714

595,791

590,726

583,038

583,008

581,940

581,697

571,136

564,543

553,191

551,782

534,957

534,347

525,182

500,037

479,551

436,883

415,970

405,764

396,386

386,217

367,623

348,253

330,602

330,246

318,541

293,391

Stockholders’ equity

10,075

44,675

28,350

22,828

32,117

62,363

62,675

102,565

178,005

208,302

292,819

280,597

278,977

291,183

281,503

279,090

270,187

283,356

275,613

287,919

235,537

255,548

257,021

255,164

250,773

276,668

266,945

270,610

294,772

302,159

331,668

340,685

351,830

346,201

326,334

362,853

357,016

370,480

377,640

352,374

232,051

Noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

694

694

694

-

694

694

694

694

694

694

1,042

1,042

1,042

1,042

1,191

1,353

1,353

1,353

1,353

1,353

1,429

1,429

1,422

2,382

4,560

4,204

1,501

Total equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

282,197

279,784

270,881

-

276,307

288,613

236,231

256,242

257,715

255,858

251,815

277,710

267,987

271,652

295,963

303,512

333,021

342,038

353,183

347,554

327,763

364,282

358,438

372,862

382,200

356,579

233,553

Total liabilities and equity

433,510

494,375

458,822

469,646

440,804

485,700

485,589

524,784

599,263

610,817

424,471

409,611

410,155

456,682

427,284

418,717

404,686

423,144

403,525

417,486

294,679

337,650

333,875

321,568

314,536

353,446

332,676

342,655

355,703

386,970

421,127

425,932

439,601

460,743

426,788

473,067

478,511

508,677

508,833

466,031

334,160