KORN FERRY KFY Income Statement

Korn ferry (KFY)

Income statement / TTM

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
2,030,889	1,989,082	1,991,698	1,973,862	1,959,691	1,934,289	1,882,964	1,819,519	1,750,742	1,684,167	1,643,653	1,621,669	1,619,243	1,583,927	1,460,312	1,346,714	1,211,706	1,111,698	1,085,076	1,066,066	1,044,711	1,036,777	1,018,297	995,559	973,368	932,703	891,265	849,701	818,652	803,003	808,192	826,759	848,501	840,367	815,729	776,251	742,910	703,163	657,958	599,649	0	0	0
Compensation and benefits
1,346,140	1,319,378	1,317,831	1,311,240	1,296,530	1,284,222	1,248,206	1,199,057	1,151,747	1,104,658	1,075,448	1,065,659	1,082,866	1,062,857	980,856	897,345	793,379	715,752	701,800	691,450	679,159	676,585	663,225	646,889	630,781	608,341	580,080	555,346	540,452	526,405	524,851	534,186	528,147	528,494	524,568	507,405	492,076	468,642	443,163	413,340	0	0	0
General and administrative expenses
263,521	253,345	249,074	351,991	349,651	346,988	347,853	237,390	235,318	233,620	229,151	226,232	239,863	240,440	230,869	213,018	181,086	160,458	146,040	145,917	143,389	143,887	149,537	152,040	153,027	151,677	149,199	142,771	137,343	136,670	137,542	138,872	133,186	129,478	122,652	116,494	115,939	116,040	115,841	115,280	0	0	0
Depreciation and amortization
52,354	49,232	47,535	46,489	46,197	46,681	48,110	48,588	49,171	48,720	48,025	47,260	46,257	44,813	40,241	36,220	32,167	28,651	28,250	27,597	27,678	27,197	26,998	26,172	24,734	23,489	21,206	19,004	16,777	15,212	14,390	14,017	13,687	13,403	13,072	12,671	12,400	11,916	11,632	11,493	0	0	0
Restructuring charges, net
0	-	-	-	-	-	-	78	6,357	10,158	10,360	34,600	58,898	0	0	-	0	-	-	9,468	9,468	9,886	9,886	3,682	8,123	23,618	0	-	0	0	-	-	0	-	-	-	-	0	-	20,673	0	0	0
Total operating expenses
1,814,816	1,741,921	1,735,419	1,833,036	1,816,943	1,804,378	1,771,572	1,611,073	1,567,811	1,520,540	1,485,946	1,501,381	1,532,795	1,542,088	1,436,008	1,294,022	1,135,764	988,762	956,737	952,038	934,295	931,986	924,757	903,951	890,848	868,779	847,737	805,825	774,816	751,708	734,259	743,893	731,217	726,376	715,224	690,466	674,212	647,112	618,021	602,371	0	0	0
Operating income
216,073	247,161	256,279	140,826	142,748	129,911	111,392	208,446	182,931	163,627	157,707	120,288	86,448	41,839	24,304	52,692	75,942	122,936	128,339	114,028	110,416	104,791	93,540	91,608	82,520	63,924	43,528	43,876	43,836	51,295	73,933	82,866	93,760	98,087	92,455	85,785	73,168	59,059	41,502	-2,722	0	0	0
Other income, net
15,625	13,033	7,400	10,094	-709	4,338	12,285	11,119	17,059	13,749	9,423	10,328	13,225	1,933	166	-4,167	-5,415	199	5,207	7,458	5,079	7,689	9,679	9,769	10,252	12,416	9,593	6,309	6,569	4,880	734	-271	60	401	5,933	6,454	6,346	5,734	4,566	10,066	0	0	0
Interest expense, net
-19,355	-16,718	-16,845	-16,891	-15,540	-14,968	-14,255	-13,832	-17,422	-16,114	-15,226	-14,607	-6,747	-4,717	-2,525	237	-1,573	-913	-1,289	-1,784	-4,145	-5,306	-3,748	-2,363	-3,730	-2,497	-2,373	-2,365	2,232	2,182	1,809	1,791	1,348	1,439	2,308	2,535	3,371	3,413	2,722	2,622	0	0	0
Income before provision for income taxes
212,343	243,476	246,834	134,029	126,499	119,281	109,422	205,733	182,568	161,262	151,904	116,009	92,926	39,055	21,945	48,762	68,954	122,222	132,257	119,702	113,808	109,632	100,653	99,014	90,026	74,107	50,764	47,820	48,173	53,993	72,858	80,804	92,472	97,049	96,080	89,704	76,143	61,380	43,346	4,722	0	0	0
Equity in earnings of unconsolidated subsidiaries, net
-	-	-	-	-	-	-	297	299	315	284	333	406	474	985	1,631	1,931	2,528	2,440	2,181	2,373	2,065	2,170	2,169	2,035	2,158	1,945	2,110	2,145	1,845	1,973	1,850	1,626	1,867	1,907	1,862	960	816	530	91	0	0	0
Income tax provision
54,389	61,034	60,107	29,544	30,131	41,027	41,813	70,133	61,543	43,302	39,589	29,104	27,455	14,025	10,511	18,960	20,345	35,276	37,791	33,526	32,095	29,246	27,016	28,492	28,384	24,410	18,417	16,637	17,194	20,479	25,521	28,351	31,484	34,044	34,606	32,692	29,652	20,810	13,401	-485	0	0	0
Net income
158,265	182,753	187,038	104,796	96,478	78,461	67,876	135,897	121,324	118,275	112,599	87,238	65,877	25,504	12,419	31,433	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interest
2,253	1,770	2,825	2,145	2,931	2,631	1,749	2,118	1,781	2,082	2,585	3,057	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Korn Ferry
156,012	180,983	184,213	102,651	93,547	75,830	66,127	133,779	119,543	116,193	110,014	84,181	63,112	23,220	11,039	30,913	50,540	89,474	96,906	88,357	84,086	82,451	75,807	72,691	63,677	51,855	34,292	33,293	33,124	35,359	49,310	54,303	62,614	64,872	63,381	58,874	47,451	41,386	30,475	5,298	0	0	0
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
1,983,019	1,942,198	1,945,014	1,926,033	1,910,641	1,883,718	1,831,531	1,767,217	1,697,918	1,632,255	1,591,154	1,565,521	1,559,416	1,521,656	1,400,339	1,292,112	1,163,869	1,069,256	1,044,358	1,028,152	1,008,147	1,000,786	983,052	960,301	936,491	896,311	854,574	812,831	783,016	766,963	770,868	790,505	766,192	774,350	767,418	744,249	720,111	678,902	632,254	572,380	0	0	0
Cost of services
86,838	73,082	74,295	75,487	75,515	0	76,172	73,658	72,394	71,472	70,463	71,482	73,225	74,174	66,536	59,824	50,718	41,877	40,347	39,692	38,037	38,440	39,866	39,910	38,826	37,836	34,022	28,977	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Reimbursed Out Of Pocket Engagement Expenses
Total revenue
47,870	46,884	46,684	47,829	49,050	50,571	51,433	52,302	52,824	51,912	52,499	56,148	59,827	62,271	59,973	54,602	47,837	42,442	40,718	37,914	36,564	35,991	35,245	35,258	36,877	36,392	36,691	36,870	35,636	36,040	37,324	36,254	35,261	34,209	32,211	32,002	31,739	30,277	28,834	27,269	0	0	0
Reimbursed Expenses
Cost of services
47,870	46,884	46,684	47,829	49,050	0	51,433	52,302	52,824	51,912	52,499	56,148	59,827	62,271	59,973	54,602	47,837	42,442	40,718	37,914	36,564	35,991	35,245	35,258	36,877	36,392	36,691	36,870	20,825	25,580	32,448	36,254	55,268	55,001	52,802	51,766	51,587	48,668	44,895	41,585	0	0	0