HEIDRICK & STRUGGLES INTERNATIONAL INC HSII Balance Sheet

Heidrick & struggles international inc (HSII)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Current assets
Cash and cash equivalents
251,000	271,719	176,372	105,314	114,414	279,906	164,216	85,825	73,358	207,534	105,718	58,178	68,329	165,011	99,975	85,391	62,047	190,452	128,960	119,884	107,625	211,352	159,537	123,350	101,405	181,646	132,790	99,695	85,660	117,605	127,137	96,851	82,640	185,390	135,499	103,078	181,124
Marketable Securities
0	61,153	42,566	38,698	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,171	7,238	6,500	6,501	-	55	131	130	128	223	194	199	124	122	128	440	442	952	393
Marketable securities
131,371	109,163	150,872	146,982	135,156	114,977	158,107	153,948	133,681	98,700	129,640	124,410	111,366	93,191	114,726	107,108	95,543	76,058	106,674	97,270	83,004	68,353	94,130	105,011	85,438	71,666	88,746	90,867	78,827	69,107	88,261	85,551	78,906	69,081	101,664	109,710	83,360
Other receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,660	11,578	-	9,762	8,347	6,617	6,906	11,497	10,446	10,498	10,288	9,472	8,546	8,913	9,404	9,166	9,641	7,724
Prepaid expenses
26,505	20,185	20,436	23,193	26,179	22,766	25,083	27,609	29,075	22,003	24,420	23,784	24,407	21,602	23,936	20,493	21,986	19,197	15,715	15,369	15,085	14,536	15,153	16,587	16,446	14,786	17,321	14,200	14,536	14,167	16,782	19,947	18,253	16,551	17,483	19,485	15,323
Other current assets
32,133	27,848	27,966	30,082	29,228	29,598	29,783	27,638	28,104	11,620	15,258	13,783	16,539	13,779	14,867	14,030	15,163	18,447	13,464	1,355	1,292	12,205	1,757	1,698	1,813	1,807	1,715	2,597	1,591	1,366	1,353	1,330	1,399	1,382	1,482	1,520	1,871
Income taxes recoverable
4,400	4,414	5,818	6,171	4,952	3,620	5,763	5,197	4,428	3,933	5,655	5,467	4,454	4,847	5,451	4,812	8,377	4,809	5,669	5,541	5,645	5,288	7,098	7,187	6,544	5,772	6,803	7,212	7,272	5,651	5,990	9,485	19,302	19,866	11,968	14,062	11,912
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,436	12,380	12,454	-	6,949	7,536	8,114	8,061	8,711	7,182	6,549	7,899	10,140	7,483	7,732	8,211	9,792	11,916	10,759
Total current assets
445,409	494,482	424,030	350,440	309,929	450,867	382,952	300,217	268,646	343,790	280,691	225,622	225,095	298,430	258,955	231,834	203,116	308,963	290,089	270,697	243,183	318,235	294,386	269,771	226,508	290,774	267,711	232,422	205,127	226,282	259,259	229,315	217,273	310,325	287,496	270,364	312,466
Non-current assets
Property and equipment, net
28,450	28,650	29,356	30,788	32,292	33,871	35,491	36,752	38,464	39,514	41,945	41,491	40,057	35,099	36,137	36,464	35,260	36,498	35,597	34,579	34,348	30,417	30,070	32,109	33,780	34,961	35,721	37,571	39,921	42,362	42,586	43,890	44,773	44,781	47,491	42,338	34,406
Operating Lease, Right-of-Use Asset
98,943	99,391	98,097	104,449	109,780	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets designated for retirement and pension plans
13,756	13,978	14,289	14,909	14,707	15,035	16,554	16,668	17,569	17,130	17,627	17,050	15,896	15,698	17,438	17,208	17,667	16,857	17,949	17,901	17,235	19,426	20,850	22,618	22,724	22,685	23,104	22,297	22,038	22,763	22,698	22,351	23,557	22,883	23,668	25,649	23,647
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	592	1,305	-	7,998	8,111	8,014	7,878	7,990	7,829	7,985	7,968	1,515	1,545	1,584	1,470	1,504	1,904	1,609
Investments
23,516	25,409	23,807	23,647	22,781	19,442	21,013	21,621	22,884	21,319	20,432	19,717	19,763	17,346	17,268	16,782	16,388	14,145	14,185	15,248	15,281	13,709	14,276	14,739	14,136	13,848	13,182	12,751	12,685	11,902	11,617	11,208	11,236	9,868	9,524	10,189	11,021
Other non-current assets
25,181	20,434	20,317	21,725	23,784	22,276	19,546	19,491	16,865	8,999	10,601	11,913	14,257	9,322	11,233	12,400	13,516	11,115	12,169	10,844	7,706	8,292	6,649	7,184	6,675	5,693	5,715	5,401	5,766	5,301	5,944	6,893	6,794	6,480	7,920	9,486	8,593
Goodwill
123,422	126,831	128,286	122,070	122,548	122,092	122,445	122,838	123,284	118,892	125,737	124,671	152,558	151,844	155,313	136,066	136,691	131,122	120,150	121,020	121,316	122,176	122,657	123,970	123,576	123,274	120,696	119,948	120,638	120,940	91,270	90,892	91,113	90,696	90,421	115,979	109,888
Other intangible assets, net
1,554	1,935	4,428	1,730	1,975	2,216	2,535	2,919	3,943	2,158	7,236	8,027	19,009	20,690	20,154	18,438	20,398	18,687	17,327	18,595	19,632	20,939	22,432	24,007	25,301	26,637	27,606	28,839	30,308	32,020	2,021	2,194	2,383	2,556	2,725	6,065	6,480
Deferred income taxes
32,299	33,063	34,013	34,252	34,186	34,830	32,320	32,398	32,691	35,402	49,158	48,946	30,873	33,073	37,277	34,501	33,385	35,331	22,553	22,682	22,077	35,427	22,258	23,638	27,093	27,474	24,079	23,520	25,102	25,454	23,322	25,643	26,489	26,506	27,876	36,509	36,917
Total non-current assets
347,121	349,691	352,593	353,570	362,053	249,762	249,904	252,687	255,700	243,414	272,736	271,815	292,413	283,072	294,820	271,859	273,305	263,755	239,930	241,461	238,900	250,386	247,190	256,376	261,299	262,450	258,093	258,156	264,443	268,710	200,973	204,616	207,929	205,240	211,129	248,119	232,561
Total assets
792,530	844,173	776,623	704,010	671,982	700,629	632,856	552,904	524,346	587,204	553,427	497,437	517,508	581,502	553,775	503,693	476,421	572,718	530,019	512,158	482,083	568,621	541,576	526,147	487,807	553,224	525,804	490,578	469,570	494,992	460,232	433,931	425,202	515,565	498,625	518,483	545,027
Current liabilities
Current portion of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	-	-	-	-	-	-	-	-
Accounts payable
11,088	8,633	9,093	8,107	9,229	9,166	8,979	8,723	9,574	9,824	8,294	8,170	9,880	7,952	9,644	5,765	7,779	6,150	4,056	5,702	7,702	5,493	5,532	5,485	7,947	7,791	5,622	7,454	7,581	8,657	6,009	8,031	9,583	9,157	10,438	11,818	8,408
Accrued salaries and benefits
97,875	234,306	180,207	124,923	95,330	227,653	177,930	120,668	83,414	177,426	127,670	88,073	72,076	155,523	120,102	87,654	60,463	158,875	120,023	83,099	60,931	130,434	104,803	80,872	51,004	109,943	88,508	62,898	44,152	102,597	86,119	64,820	48,160	131,697	115,841	87,421	124,969
Deferred revenue
41,433	41,267	40,434	37,424	39,157	40,673	42,870	40,184	39,598	31,272	35,339	32,301	32,482	28,367	31,713	33,638	34,658	29,724	33,739	33,345	30,164	30,452	31,848	36,023	32,711	27,714	-	-	-	-	-	-	-	-	-	-	-
Operating Lease, Liability, Current
29,818	30,955	30,663	31,895	32,213	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
19,534	26,253	29,327	26,186	28,578	33,219	35,127	37,318	39,499	40,346	21,503	21,761	23,200	24,133	25,103	25,976	34,596	31,239	28,697	27,923	32,979	26,785	24,797	24,476	25,924	18,938	48,634	47,720	45,927	40,390	31,913	34,647	38,421	39,362	33,208	41,013	34,064
Income taxes payable
8,198	3,928	6,517	6,779	12,112	8,240	7,866	6,189	8,300	6,924	5,256	7,064	4,402	4,617	3,897	2,678	1,135	3,442	4,388	3,376	2,535	6,684	4,655	5,648	1,501	5,401	7,015	3,956	1,468	709	6,120	2,720	4,147	4,868	5,368	2,015	3,208
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34	33	34	43	185	186	200	6	1,895	1,694	1,807
Total current liabilities
207,946	345,342	296,241	235,314	216,619	318,951	272,772	213,082	180,385	265,792	198,062	157,369	142,040	220,592	190,459	155,711	138,631	229,430	190,903	159,445	140,311	205,848	177,635	158,504	125,087	175,787	155,813	128,061	105,162	152,396	130,346	110,404	100,511	185,090	166,750	143,961	172,456
Long-term Line of Credit
100,000	0	0	0	0	-	0	0	12,000	-	-	-	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee-related Liabilities, Non-current
46,823	59,662	53,099	47,852	44,821	57,234	40,946	35,725	30,951	40,308	32,130	26,619	21,804	34,993	30,363	26,693	22,891	32,690	0	20,500	22,000	23,500	25,000	26,500	28,000	29,500	31,000	32,500	34,000	-	-	-	-	-	-	-	-
Non-current liabilities
Retirement and pension plans
43,851	46,032	43,269	43,922	42,744	39,865	43,536	44,272	46,999	44,802	44,891	43,351	41,766	39,039	39,921	39,059	39,296	35,949	38,186	39,156	38,294	39,892	37,044	39,511	39,297	38,735	39,009	37,604	37,308	37,247	33,440	32,563	33,772	31,747	31,393	34,147	30,907
Operating Lease, Liability, Noncurrent
77,594	79,388	76,871	84,156	90,208	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current liabilities
4,551	4,634	10,508	4,317	4,171	17,423	21,769	21,959	23,522	23,597	27,373	26,585	28,381	28,288	27,267	21,851	20,740	19,847	46,835	43,794	36,130	54,717	53,341	52,037	49,636	61,329	52,818	47,884	48,152	56,943	42,581	40,177	39,913	47,396	43,749	41,455	47,015
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	137	132	135	59	94	98	102	37	219	109	107
Total non-current liabilities
272,819	189,716	183,747	180,247	181,944	114,522	106,251	101,956	113,472	108,707	104,394	96,555	116,951	102,320	97,551	87,603	82,927	88,486	85,021	103,450	96,424	118,109	115,385	118,048	116,933	129,564	122,964	118,120	119,595	94,249	76,115	72,838	73,787	79,180	75,361	75,711	78,029
Total liabilities
480,765	535,058	479,988	415,561	398,563	433,473	379,023	315,038	293,857	374,499	302,456	253,924	258,991	322,912	288,010	243,314	221,558	317,916	275,924	262,895	236,735	323,957	293,020	276,552	242,020	305,351	278,777	246,181	224,757	246,645	206,461	183,242	174,298	264,270	242,111	219,672	250,485
Commitments and contingencies (Note 18)
-	-	-	-	-	-	0	0	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders’ equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued at March 31, 2020 and December 31, 2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, $0.01 par value, 100,000,000 shares authorized, 19,585,777 shares issued, 19,274,921 and 19,165,954 shares outstanding at March 31, 2020 and December 31, 2019, respectively
196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196	196
Treasury stock at cost, 310,856 and 419,823 shares at March 31, 2020 and December 31, 2019, respectively
10,957	14,795	14,795	14,795	15,143	20,298	20,298	20,299	21,482	26,096	26,097	26,128	27,758	32,915	32,915	32,947	33,979	39,583	39,583	41,152	41,736	44,261	44,261	44,557	45,505	47,811	48,554	48,899	50,367	52,523	53,269	52,581	54,664	58,690	59,499	59,790	69,549
Additional paid in capital
226,033	228,807	224,687	222,148	218,783	227,147	224,962	222,053	220,935	226,006	224,986	224,832	224,050	229,957	229,318	228,209	226,610	232,358	230,977	231,423	230,001	232,075	231,382	230,631	229,672	232,008	231,921	232,040	232,086	234,010	234,810	234,033	234,639	238,523	238,115	237,479	246,601
Retained earnings
96,415	91,083	83,497	76,513	65,201	56,049	44,854	30,916	22,024	-716	40,927	35,273	56,082	58,030	60,050	55,607	51,447	52,572	53,807	48,810	46,346	45,431	47,169	46,668	45,358	48,511	49,414	47,605	48,097	51,704	54,481	52,766	53,312	55,029	61,528	96,714	99,056
Accumulated other comprehensive income
78	3,824	3,050	4,387	4,382	4,062	4,119	5,000	8,816	13,315	10,959	9,340	5,947	3,322	9,116	9,314	10,589	9,259	8,698	9,986	10,541	11,223	14,070	16,657	16,066	14,969	14,050	13,455	14,801	14,960	17,553	16,275	17,421	16,237	16,174	24,212	18,238
Total stockholders’ equity
311,765	309,115	296,635	288,449	273,419	267,156	253,833	237,866	230,489	212,705	250,971	243,513	258,517	258,590	265,765	260,379	254,863	254,802	254,095	249,263	245,348	244,664	248,556	249,595	245,787	247,873	247,027	244,397	244,813	248,347	253,771	250,689	250,904	251,295	256,514	298,811	294,542
Total liabilities and stockholders’ equity
792,530	844,173	776,623	704,010	671,982	700,629	632,856	552,904	524,346	587,204	553,427	497,437	517,508	581,502	553,775	503,693	476,421	572,718	530,019	512,158	482,083	568,621	541,576	526,147	487,807	553,224	525,804	490,578	469,570	494,992	460,232	433,931	425,202	515,565	498,625	518,483	545,027