KORN FERRY KFY Income Statement

Korn ferry (KFY)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Oct'09	Jul'09
Total revenue
527,979	504,177	496,198	502,535	486,172	506,793	478,362	488,364	460,770	455,468	414,917	419,587	394,195	414,954	392,933	417,161	358,879	291,339	279,335	282,153	258,871	264,717	260,325	260,798	250,937	246,237	237,587	238,607	210,272	204,799	196,023	207,558	194,623	209,988	214,590	229,300	186,489	185,350	175,112	195,959	146,742	140,145	116,803
Compensation and benefits
348,597	337,382	328,496	331,665	321,835	335,835	321,905	316,955	309,527	299,819	272,756	269,645	262,438	270,609	262,967	286,852	242,429	188,608	179,456	182,886	164,802	174,656	169,106	170,595	162,228	161,296	152,770	154,487	139,788	133,035	128,036	139,593	125,741	131,481	137,371	133,554	126,088	127,555	120,208	118,225	102,654	102,076	90,385
General and administrative expenses
71,355	62,009	65,807	64,350	61,179	57,738	168,724	62,010	58,516	58,603	58,261	59,938	56,818	54,134	55,342	73,569	57,395	44,563	37,491	41,637	36,767	30,145	37,368	39,109	37,265	35,795	39,871	40,096	35,915	33,317	33,443	34,668	35,242	34,189	34,773	28,982	31,534	27,363	28,615	28,427	31,635	27,164	28,054
Depreciation and amortization
14,863	12,715	12,777	11,999	11,741	11,018	11,731	11,707	12,225	12,447	12,209	12,290	11,774	11,752	11,444	11,287	10,330	7,180	7,423	7,234	6,814	6,779	6,770	7,315	6,333	6,580	5,944	5,877	5,088	4,297	3,742	3,650	3,523	3,475	3,369	3,320	3,239	3,144	2,968	3,049	2,755	2,860	2,829
Restructuring charges, net
18,093	-	-	-	-	-	-	0	0	-202	280	6,279	3,801	0	24,520	-	30,577	-	-	0	-418	0	9,886	0	0	0	3,682	-	4,441	15,495	-	-	929	-	-	-	-	2,130	-	80	-364	2,774	18,183
Total operating expenses
496,384	442,308	435,864	440,260	423,489	435,806	533,481	424,167	410,924	403,000	372,982	380,905	363,653	368,406	388,417	412,319	372,946	262,326	246,431	254,061	225,944	230,301	241,732	236,318	223,635	223,072	220,926	223,215	201,566	202,030	179,014	192,206	178,458	184,581	188,648	179,530	173,617	173,429	163,890	163,276	146,517	144,338	148,240
Operating income
31,595	61,869	60,334	62,275	62,683	70,987	-55,119	64,197	49,846	52,468	41,935	38,682	30,542	46,548	4,516	4,842	-14,067	29,013	32,904	28,092	32,927	34,416	18,593	24,480	27,302	23,165	16,661	15,392	8,706	2,769	17,009	15,352	16,165	25,407	25,942	26,246	20,492	19,775	19,272	13,629	6,383	2,218	-24,952
Other income, net
5,055	1,133	1,826	7,611	2,463	-4,500	4,520	-3,192	7,510	3,447	3,354	2,748	4,200	-879	4,259	5,645	-7,092	-2,646	-74	4,397	-1,478	2,362	2,177	2,018	1,132	4,352	2,267	2,501	3,296	1,529	-1,017	2,761	1,607	-2,617	-2,022	3,092	1,948	2,915	-1,501	2,984	1,336	1,747	3,999
Interest expense, net
-6,919	-4,210	-4,057	-4,169	-4,282	-4,337	-4,103	-2,818	-3,710	-3,624	-3,680	-6,408	-2,402	-2,736	-3,061	1,452	-372	-544	-299	-358	288	-920	-794	-2,719	-873	638	591	-4,086	360	762	599	511	310	389	581	68	401	1,258	808	904	443	567	708
Income before provision for income taxes
29,731	58,792	58,103	65,717	60,864	62,150	-54,702	58,187	53,646	52,291	41,609	35,022	32,340	42,933	5,714	11,939	-21,531	25,823	32,531	32,131	31,737	35,858	19,976	26,237	27,561	26,879	18,337	17,249	11,642	3,536	15,393	17,602	17,462	22,401	23,339	29,270	22,039	21,432	16,963	15,709	7,276	3,398	-21,661
Equity in earnings of unconsolidated subsidiaries, net
-	-	-	-	-	-	-	110	97	60	30	112	113	29	79	185	181	540	725	485	778	452	466	677	470	557	465	543	593	344	630	578	293	472	507	354	534	512	462	-548	390	226	23
Income tax provision
8,775	15,760	14,453	15,401	15,420	14,833	-16,110	15,988	26,316	15,619	12,210	7,398	8,075	11,906	1,725	5,749	-5,355	8,392	10,174	7,134	9,576	10,907	5,909	5,703	6,727	8,677	7,385	5,595	2,753	2,684	5,605	6,152	6,038	7,726	8,435	9,285	8,598	8,288	6,521	6,245	-244	879	-7,365
Net income
20,956	43,032	43,650	50,627	45,444	47,317	-38,592	42,309	27,427	36,732	29,429	27,736	24,378	31,056	4,068	6,375	-15,995	17,971	23,082	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interest
963	228	699	363	480	1,283	19	1,149	180	401	388	812	481	904	860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Korn Ferry
19,993	42,804	42,951	50,264	44,964	46,034	-38,611	41,160	27,247	36,331	29,041	26,924	23,897	30,152	3,208	5,855	-15,995	17,971	23,082	25,482	22,939	25,403	14,533	21,211	21,304	18,759	11,417	12,197	9,482	1,196	10,418	12,028	11,717	15,147	15,411	20,339	13,975	13,656	10,904	8,916	7,910	2,745	-14,273
Earnings per common share attributable to Korn Ferry:
Basic
0.37	0.78	0.77	0.91	0.81	0.82	-0.70	0.73	0.49	0.65	0.52	0.47	0.42	0.53	0.06	0.06	-0.30	0.36	0.46	0.50	0.46	0.52	0.30	0.44	0.44	0.39	0.24	0.26	0.20	0.03	0.22	0.25	0.25	0.33	0.34	0.45	0.31	0.30	0.24	0.21	0.18	0.06	-0.33
Diluted
0.36	0.77	0.76	0.90	0.80	0.81	-0.70	0.72	0.48	0.64	0.51	0.47	0.42	0.52	0.06	0.07	-0.30	0.35	0.46	0.50	0.46	0.51	0.29	0.43	0.43	0.38	0.24	0.25	0.20	0.03	0.22	0.25	0.25	0.32	0.33	0.43	0.30	0.30	0.24	0.22	0.17	0.06	-0.33
Weighted-average common shares outstanding:
Basic
53,999	54,568	55,266	55,172	55,233	55,461	55,378	55,267	55,252	55,390	55,795	55,844	56,173	56,614	56,189	56,011	54,003	49,981	49,493	49,288	49,135	49,082	48,703	48,524	48,341	48,118	47,665	47,450	47,367	47,269	46,810	46,592	46,528	46,499	45,969	45,699	45,349	45,130	44,642	44,784	44,622	44,470	43,776
Diluted
54,264	54,716	55,635	57,014	55,753	56,239	55,378	56,638	55,997	55,978	56,403	57,339	56,702	56,983	56,576	57,337	54,003	50,362	50,014	50,009	49,724	49,740	49,591	50,064	49,181	48,816	48,519	48,028	48,015	47,834	47,655	47,286	47,345	47,114	47,299	46,727	46,720	45,918	45,755	46,950	45,811	45,291	43,776
Cash dividends declared per share:
0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fee Revenue
Total revenue
515,325	492,389	484,549	490,756	474,504	495,205	465,568	475,364	447,581	443,018	401,254	406,065	381,918	401,917	375,621	399,960	344,158	280,600	267,394	271,717	249,545	255,702	251,188	251,712	242,184	237,968	228,437	227,902	202,004	196,231	186,694	198,087	185,951	200,136	206,331	173,774	194,109	193,204	183,162	149,636	152,900	146,556	123,288
Cost of services
30,822	18,414	17,135	20,467	17,066	19,627	18,327	20,495	17,467	19,883	15,813	19,231	16,545	18,874	16,832	20,974	17,494	11,236	10,120	11,868	8,653	9,706	9,465	10,213	9,056	11,132	9,509	9,129	8,066	7,318	4,464	-	-	-	-	-	-	-	-	-	-	-	-
Reimbursed Out Of Pocket Engagement Expenses
Total revenue
12,654	11,788	11,649	11,779	11,668	11,588	12,794	13,000	13,189	12,450	13,663	13,522	12,277	13,037	17,312	17,201	14,721	10,739	11,941	10,436	9,326	9,015	9,137	9,086	8,753	8,269	9,150	10,705	8,268	8,568	9,329	9,471	8,672	9,852	8,259	8,478	7,620	7,854	8,050	8,215	6,158	6,411	6,485
Reimbursed Expenses
Cost of services
12,654	11,788	11,649	11,779	11,668	11,588	12,794	13,000	13,189	12,450	13,663	13,522	12,277	13,037	17,312	17,201	14,721	10,739	11,941	10,436	9,326	9,015	9,137	9,086	8,753	8,269	9,150	10,705	8,268	8,568	9,329	-5,340	13,023	15,436	13,135	13,674	12,756	13,237	12,099	13,495	9,837	9,464	8,789