Houlihan lokey, inc. (HLI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Dec'14Sep'14
Revenues

302,694

333,515

272,810

250,349

291,378

298,013

274,992

220,002

244,753

258,937

242,183

217,491

257,100

247,680

186,537

180,774

183,596

205,523

158,380

146,266

196,608

156,294

Operating expenses:
Employee compensation and benefits

186,706

213,107

174,638

163,311

190,391

187,180

175,321

139,181

155,519

174,308

161,295

145,509

170,567

164,971

124,902

121,804

120,683

135,981

111,256

93,689

138,737

109,412

Travel, meals, and entertainment

9,185

12,943

10,200

9,617

10,173

12,991

10,111

9,587

6,504

8,034

6,229

5,678

5,780

4,782

5,215

5,930

4,058

6,699

5,329

4,869

5,026

3,735

Rent

10,239

9,531

14,922

10,001

10,060

9,987

10,437

8,188

7,252

7,159

6,959

7,190

6,346

7,012

6,702

7,034

7,086

7,021

6,197

6,155

6,110

6,133

Depreciation and amortization

5,011

4,336

3,981

3,963

3,666

3,635

3,706

3,468

1,785

1,971

2,175

1,974

1,955

2,277

2,382

2,239

2,433

1,921

1,713

1,432

1,390

1,406

Information technology and communications

7,427

7,225

6,928

5,324

5,439

5,775

4,709

5,589

4,815

4,424

4,966

4,276

4,146

4,631

4,465

4,386

4,487

4,656

3,375

3,499

3,938

3,313

Professional fees

5,210

6,204

5,834

4,456

4,887

6,087

5,784

6,277

6,875

4,484

3,371

2,387

4,859

2,783

3,074

2,357

1,899

2,829

8,369

7,590

1,639

1,165

Other operating expenses

10,426

12,153

11,154

5,735

6,211

10,115

8,749

7,584

2,274

4,072

3,862

3,604

8,557

3,401

4,115

3,424

3,706

2,198

5,389

2,846

2,317

2,274

Provision for bad debts

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

705

739

-

532

-685

2,406

838

1,469

Operating Expenses

234,204

265,499

227,657

202,407

230,827

235,770

218,817

179,874

185,024

204,452

188,857

170,618

199,766

190,857

151,560

147,913

142,099

161,837

140,943

122,486

159,995

128,907

Operating income

68,490

68,016

45,153

47,942

60,551

62,243

56,175

40,128

59,729

54,485

53,326

46,873

57,334

56,823

34,977

32,861

41,497

43,686

17,437

23,780

36,613

27,387

Nonoperating Income (Expense)

-

1,039

1,101

-

1,922

688

1,007

1,606

1,085

632

200

1,506

-767

-1,084

-749

-908

-664

-1,094

-333

1,321

1,269

944

Income (loss) from investments in unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

177

148

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

70,913

69,055

46,254

49,425

62,473

62,931

57,182

41,734

60,814

55,117

53,526

48,379

56,567

55,739

34,228

31,953

40,833

42,592

17,104

25,101

38,059

28,479

Provision for income taxes

11,900

20,161

13,144

6,649

17,125

18,974

17,063

12,052

22,715

-6,466

20,169

9,135

22,491

21,759

13,352

12,542

18,053

19,931

7,849

10,030

13,874

11,867

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

59,013

48,894

33,110

42,776

45,348

43,957

40,119

29,682

38,099

61,583

33,357

39,244

34,076

33,980

20,876

19,411

22,780

22,661

9,255

15,071

24,185

16,612

Net income attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

26

25

21

Net income attributable to Houlihan Lokey, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,780

22,661

9,255

15,045

24,160

16,591

Other comprehensive income, net of tax:
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent

-

14,388

-9,440

-

2,700

-2,760

-3,695

-12,583

-672

880

2,692

5,061

5,069

-6,189

-2,318

-3,866

-3,991

2,003

-1,694

407

-1,229

-1,449

Comprehensive income

45,222

63,282

23,670

38,805

48,048

41,197

36,424

17,099

37,427

62,463

36,049

44,305

39,145

27,791

18,558

15,545

18,789

24,664

7,561

15,452

22,931

15,142

Weighted average shares of common stock outstanding:
Basic (in shares)

62,449

62,014

62,477

61,670

61,637

61,972

62,258

62,985

62,962

62,552

62,117

62,343

61,596

61,104

61,134

60,565

59,355

59,410

58,989

58,423

57,318

57,307

Diluted (in shares)

65,586

65,608

66,086

65,621

65,425

65,758

66,045

66,154

65,895

66,122

66,907

66,370

66,461

66,692

66,816

66,345

65,336

65,405

62,696

60,464

60,314

60,350

Earnings per share (Note 13)
Basic (in usd per share)

0.95

0.79

0.53

0.69

0.74

0.71

0.64

0.47

0.61

0.98

0.54

0.63

0.55

0.56

0.34

0.32

0.38

0.38

0.16

0.26

0.42

0.29

Diluted (in usd per share)

0.90

0.75

0.50

0.65

0.69

0.67

0.61

0.45

0.58

0.93

0.50

0.59

0.52

0.51

0.31

0.29

0.35

0.35

0.15

0.25

0.40

0.27