HLI FY 2016 Earnings Report — Houlihan Lokey, Inc. Revenue & Financial Results | Market Cap Arena

Houlihan Lokey, Inc.HLI

FY 2016 Earnings

Reported July 28, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$694M	—	$681M	—	1.9%
Op. Income	$126M	—	$129M	—	-1.8%
Gross Margin	33.5%	—	30.2%	—	3.2pp
Net Margin	10.1%	—	11.7%	—	-1.7pp
EPS (Diluted)	$1.10	—	$1.32	—	-16.7%
Free Cash Flow	$4M	—	$192M	—	-97.8%

Revenue Flow

Item	Amount
REVENUE	$694M
Cost of Revenue	$462M
GROSS PROFIT	$232M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$43M
Operating Expenses	$106M
Cost & Expenses	$567M
OPERATING INCOME	$126M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$770.0K
INCOME BEFORE TAX	$126M
Income Tax Expense	$56M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$7M
EBIT	$126M
EBITDA	$134M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$694M
Cost of Revenue	$462M
GROSS PROFIT	$232M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$43M
Operating Expenses	$106M
Cost & Expenses	$567M
OPERATING INCOME	$126M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$770.0K
INCOME BEFORE TAX	$126M
Income Tax Expense	$56M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$7M
EBIT	$126M
EBITDA	$134M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$70M
Depreciation & Amortization	$7M
Stock-Based Compensation	$35M
Deferred Income Tax	-$4M
Other Non-Cash Items	$3M
Change in Working Capital	-$97M
OPERATING CASH FLOW	$14M
Capital Expenditure	-$9M
Acquisitions (Net)	-$37M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$226M
NET CASH FROM INVESTING	$180M
Net Debt Issuance	-$3M
Common Stock Repurchased	$0
Common Dividends Paid	-$114M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$116M
FREE CASH FLOW	$4M
Net Change in Cash	$78M

Balance Sheet

Item	Amount
Cash & Equivalents	$166M
Short-Term Investments	$0
Net Receivables	$144M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$310M
PP&E (Net)	$22M
Goodwill	$519M
Intangible Assets	$199M
Long-Term Investments	$0
Tax Assets	$37M
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$761M
TOTAL ASSETS	$1.1B
Account Payables	$34M
Short-Term Debt	$0
Deferred Revenue	$6M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$294M
Long-Term Debt	$77M
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$37M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$123M
TOTAL LIABILITIES	$417M
Common Stock	$65.0K
Additional Paid-In Capital	$637M
Retained Earnings	$29M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	-$247.0K
TOTAL STOCKHOLDERS' EQUITY	$651M
Minority Interest	$2M
TOTAL EQUITY	$654M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$77M
Net Debt	-$90M