HAMILTON LANE INC HLNE Balance Sheet

Hamilton lane inc (HLNE)

Balance Sheet / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17
Assets
Cash and cash equivalents
81,599	71,899	58,871	49,357	78,941	75,181	53,641	47,596	68,677	48,940	46,471	32,286
Restricted cash
3,095	3,184	2,502	2,233	2,200	2,176	1,801	1,787	1,787	1,783	1,857	1,849
Fees receivable
19,456	17,628	19,647	20,320	16,963	13,678	16,710	14,924	13,287	16,429	19,474	12,113
Prepaid expenses
4,587	5,401	4,802	4,714	2,368	2,855	3,153	2,301	1,584	2,135	2,719	2,593
Due from related parties
2,667	4,198	4,459	2,628	2,508	1,791	1,963	3,236	4,275	2,725	2,951	3,313
Furniture, fixtures and equipment, net
7,280	8,026	8,158	8,108	8,125	7,096	5,800	4,782	4,061	3,999	4,014	4,063
Lease right-of-use assets, net
8,596	9,689	10,770	-	-	-	-	-	-	-	-	-
Investments
193,168	174,134	168,436	154,491	147,411	134,256	141,164	137,253	130,765	127,090	124,027	120,147
Deferred income taxes
138,378	140,745	104,822	107,726	95,006	108,439	72,798	73,381	39,766	58,596	59,435	61,223
Other assets
10,553	10,478	10,377	11,014	10,330	10,769	9,705	8,535	8,844	9,481	3,595	3,030
Total assets
469,379	445,382	392,844	360,591	363,852	356,241	306,735	293,795	273,046	271,178	264,543	240,617
Liabilities and Equity
Accounts payable
2,511	1,964	2,749	2,619	2,445	476	405	1,700	1,080	783	1,326	1,366
Accrued compensation and benefits
26,301	20,689	15,690	12,216	32,798	30,399	21,786	8,092	28,051	20,539	11,543	3,417
Deferred incentive fee revenue
3,704	3,704	3,704	3,704	3,704	3,704	3,704	6,245	31,422	45,166	45,166	45,166
Debt
-	-	-	-	-	-	-	84,162	-	-	85,450	-
Less: unamortized discount and debt issuance costs
-	-	-	-	-	-	-	-	-	-	1,705	-
Debt
67,245	69,107	70,030	70,954	71,878	72,802	83,707	-	84,617	85,072	83,745	84,310
Accrued members’ distributions
10,505	3,836	8,985	17,081	8,206	8,715	4,618	11,837	4,520	0	4,598	2,385
Payable to related parties pursuant to tax receivable agreement
101,404	101,322	69,772	69,636	58,378	65,048	34,335	34,133	6,436	-	10,734	10,734
Dividends payable
8,026	8,023	7,345	5,673	5,325	4,729	4,729	3,893	3,172	-	3,167	0
Lease liabilities
9,397	10,471	11,661	-	-	-	-	-	-	-	-	-
Other liabilities (includes $16,395 and $0 at fair value)
23,936	21,635	25,073	8,986	7,987	8,221	8,526	7,659	5,730	5,661	6,670	6,612
Total liabilities
253,029	240,751	215,009	190,869	190,721	194,094	161,810	157,721	165,028	167,843	166,949	153,990
Preferred stock, $0.001 par value, 10,000,000 authorized, none issued
0	0	0	0	0	0	0	-	0	0	0	0
Additional paid-in-capital
109,050	107,718	93,543	92,482	88,234	86,089	74,802	73,829	62,853	61,174	60,220	61,845
Accumulated other comprehensive income
2	-7	14	7	11	-	-	0	0	0	-299	-311
Less: Treasury stock, at cost, 0 and 114,529 held as of March 31, 2018 and 2017, respectively
-	-	-	-	-	-	-	-	0	0	0	2,151
Total Hamilton Lane Incorporated stockholders’ equity
143,573	136,761	115,330	110,226	103,606	101,316	83,535	78,426	57,843	65,646	62,877	60,042
Total equity
216,350	204,631	177,835	169,722	173,131	162,147	144,925	136,074	108,018	103,335	97,594	86,627
Total liabilities and equity
469,379	445,382	392,844	360,591	363,852	356,241	306,735	293,795	273,046	271,178	264,543	240,617
General Partnerships
Fees receivable
3,668	8,351	7,824	8,927	5,581	4,085	6,446	1,929	3,412	2,080	7,969	918
Stockholders' equity attributable to noncontrolling interest
5,441	5,592	5,932	5,716	6,554	6,873	6,709	7,266	8,363	8,861	9,705	9,901
Common Class A
Common stock
30	30	27	27	26	25	22	22	19	19	19	19
Common Class B
Common stock
22	22	24	24	24	24	26	26	28	28	28	28
Hamilton Lane Advisors, L.L.C.
Retained earnings
34,469	28,998	21,722	17,686	15,311	15,178	8,685	4,549	-5,057	4,425	2,909	612
Stockholders' equity attributable to noncontrolling interest
67,336	62,278	56,573	53,780	62,971	53,958	54,681	50,382	41,812	28,828	25,012	16,684