Hamilton lane inc (HLNE)
CashFlow / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16
Operating activities:
Net income

108,570

103,048

103,347

98,997

123,208

118,126

103,788

106,297

78,305

77,535

83,659

74,438

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

3,599

3,446

3,271

2,979

2,254

2,122

1,964

1,891

1,871

1,852

1,864

1,915

0

0

0

Change in deferred income taxes

-9,917

-23,527

-23,986

-21,665

-19,015

-22,936

-21,663

-22,983

-22,939

-2,939

-2,339

-26

0

0

0

Change in payable to related parties pursuant to tax receivable agreement

-494

-8,789

-9,844

-9,778

-9,912

-5,803

-4,874

-5,076

0

0

0

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

0

0

716

-

0

0

0

Equity-based compensation

6,849

6,683

6,522

6,382

6,049

5,738

5,715

5,544

5,447

5,332

5,003

4,681

0

0

0

Equity in income of investees

11,437

11,917

13,529

7,202

14,132

12,093

11,069

17,102

16,985

17,175

16,754

12,801

0

0

0

Proceeds received from investments

10,900

17,424

14,562

14,077

14,706

-1,159

6,536

14,391

15,355

15,748

15,069

10,843

0

0

0

Other

1,270

771

777

190

-101

476

1,362

1,411

1,952

1,950

1,051

922

0

0

0

Changes in operating assets and liabilities:
Fees receivable

2,505

3,960

2,931

5,390

3,666

-2,564

-2,951

2,624

2,305

-914

8,194

285

0

0

0

Prepaid expenses

2,222

2,548

1,650

2,414

783

720

427

-299

-200

488

654

1,038

0

0

0

Due from related parties

159

2,407

2,496

-608

-1,767

-934

-988

-77

1,070

-217

778

461

0

0

0

Other assets

1,023

-279

683

1,614

-65

686

-334

-16

-4,211

-2,758

-756

610

0

0

0

Accounts payable

67

1,487

2,344

919

1,364

-307

-921

334

-542

293

939

725

0

0

0

Accrued compensation and benefits

-6,071

-8,860

-5,246

4,549

5,171

9,860

10,243

4,675

3,286

2,337

2,590

-612

0

0

0

Deferred incentive fees

0

0

0

-2,541

-27,718

-41,462

-41,462

-38,921

0

0

0

-

-

-

-

Other liabilities

480

-1,748

833

1,328

2,256

2,653

1,649

840

266

907

3,309

577

0

0

0

Net cash provided by operating activities

112,768

104,769

107,160

111,622

108,257

106,957

105,370

96,692

99,396

99,733

93,429

81,679

0

0

0

Investing activities:
Purchase of furniture, fixtures and equipment

1,815

3,437

4,690

5,366

5,860

4,760

3,279

2,254

1,708

1,411

1,300

1,275

0

0

0

Purchase of other investments

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Distributions received from investments

9,326

11,347

10,515

10,614

13,429

13,009

14,550

16,055

12,583

10,318

10,760

8,782

0

0

0

Contributions to investments

52,602

47,990

45,052

46,048

41,379

33,268

32,398

30,346

23,209

21,318

22,742

24,222

0

0

0

Net cash used in investing activities

-42,796

-38,573

-21,607

-19,213

-12,223

-2,301

-26,355

-21,773

-17,562

-17,825

-13,282

-16,715

0

0

0

Financing activities:
Purchase of membership interests

-

-

-

-

-

-

-

-

-

-

-

55,983

0

0

0

Repayments of debt

15,138

3,750

13,732

13,263

2,344

12,325

86,857

87,038

247,219

247,400

162,600

162,600

0

0

0

Draw-down on revolver

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Repayment of revolver

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Secured financing

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Contributions from non-controlling interest in general partnerships

81

93

73

81

75

80

253

276

274

292

488

532

0

0

0

Distributions to non-controlling interest in general partnerships

1,276

2,093

2,038

2,195

3,657

3,928

4,679

5,359

4,338

3,718

4,325

3,191

0

0

0

Sale of membership interests

-

-

-

-

-

-

-

-

-

-

-

4,669

0

0

0

Repurchase of Class A shares for employee tax withholding

5,258

5,258

5,254

5,387

5,967

5,967

5,960

6,473

2,831

2,831

2,814

2,151

0

0

0

Proceeds received from issuance of shares under Employee Share Purchase Plan

1,149

856

540

264

0

0

0

-

-

-

-

-

-

-

-

Proceeds received from option exercises

-

-

-

-

-

-

-

-

0

0

1,288

-

0

0

0

Dividends paid

26,366

23,072

20,456

18,676

16,522

11,794

13,404

9,511

0

0

0

-

-

-

-

Members’ distributions paid

45,384

50,634

54,132

50,649

46,501

44,084

46,318

36,943

40,310

63,745

71,563

80,457

0

0

0

Net cash used in financing activities

-66,377

-68,493

-79,634

-90,210

-85,370

-78,022

-71,901

-59,671

-67,606

-91,194

-95,468

-101,211

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-42

23

12

8

0

0

0

-

-

-

-

-

-

-

-

Increase in cash, cash equivalents, and restricted cash

3,553

-2,274

5,931

2,207

10,677

26,634

7,114

15,248

14,228

-9,286

-15,321

-36,247

0

0

0