| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 57,631 | 54,531 | 82,818 | 133,522 |
| Depreciation of property and equipment | 12,289 | 12,173 | 12,123 | 21,468 |
| Amortization of intangible assets | 612 | 629 | 780 | 2,070 |
| Amortization of notes receivable | 23,099 | 22,835 | 20,322 | 30,445 |
| Provision for expected credit losses | 7,283 | 17,026 | 13,901 | 11,909 |
| Share-based compensation | 10,608 | 10,630 | 9,023 | 19,671 |
| Deferred income taxes | 2,933 | 5,529 | 710 | 17,506 |
| Other | 232 | 750 | 273 | 159 |
| Accounts receivable, billed and unbilled | 123,341 | -88,447 | 30,973 | 91,734 |
| Notes receivable, net of repayments | 22,564 | 3,430 | 17,495 | 234,081 |
| Prepaid expenses and other assets | -5,275 | 6,412 | -4,025 | 13,224 |
| Accounts payable, accrued expenses and other | 36,268 | 10,485 | 7,765 | -11,623 |
| Income taxes | 7,922 | 10,745 | 5,397 | -84,105 |
| Accrued compensation | -325,018 | 139,742 | 94,173 | -204,284 |
| Billings in excess of services provided | -3,252 | -3,924 | -949 | -7,216 |
| Net cash used in operating activities | -310,023 | 359,756 | 201,893 | -409,517 |
| Maturity of short-term investment | NaN | NaN | 0 | 0 |
| Purchases of property and equipment and other | 10,618 | 8,389 | 14,914 | 35,228 |
| Purchase and maturity of short-term investment | NaN | 0 | NaN | NaN |
| Net cash used in investing activities | -10,618 | -8,389 | -14,914 | -35,228 |
| Borrowings under revolving line of credit | 590,000 | 240,000 | 295,000 | 745,000 |
| Repayments under revolving line of credit | 500,000 | 385,000 | 255,000 | 275,000 |
| Repayment of convertible notes | NaN | 0 | NaN | NaN |
| Proceeds from issuance of term loan | 300,000 | NaN | NaN | NaN |
| Purchase and retirement of common stock | 126,827 | 87,792 | 234,211 | 536,678 |
| Share-based compensation tax withholdings | 5,954 | 250 | 1,415 | 16,880 |
| Proceeds on stock option exercises | NaN | 0 | 610 | 782 |
| Deposits and other | 1,279 | -151 | 1,927 | -1,418 |
| Net cash provided by (used in) financing activities | 258,498 | -233,193 | -193,089 | -84,194 |
| Effect of exchange rate changes on cash and cash equivalents | -4,672 | 950 | -754 | 21,277 |
| Net decrease in cash and cash equivalents | -66,815 | 119,124 | -6,864 | -507,662 |
| Cash and cash equivalents, beginning of period | 265,091 | 145,967 | 660,493 | NaN |
| Cash and cash equivalents, end of period | 198,276 | 265,091 | 145,967 | NaN |
FTI CONSULTING, INC (FCN)
FTI CONSULTING, INC (FCN)