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HOULIHAN LOKEY, INC. (HLI)

HOULIHAN LOKEY, INC. (HLI)

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Cash Flow Overview

Change in Cash
-$444,000K
Free Cash flow
-$342,000K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Sales or maturities of investmen...
    • Net income
    • Compensation expense equity-bas...
    • Others
Negative Cash Flow Breakdown
    • Accrued salaries and bonuses
    • Payments to settle employee tax ...
    • Dividends paid
    • Others
Cash Flow
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Net income
78,000
98,312
116,548
111,781
Deferred taxes
-
-25,116
-
-
Provision for bad debts, net
-
-3,973
6,013
5,619
Non-cash lease expense
10,000
13,030
11,196
6,732
Depreciation and amortization
8,000
8,044
8,297
10,303
Revaluation of acquisition contingent consideration
0
-35,790
0
0
Compensation expense equity-based incentive awards (note 13)
45,000
51,529
60,923
46,632
Other
0
4,822
-2,613
-536
Accounts receivable
-1,000
7,290
-36,323
36,015
Unbilled work in progress
18,000
-35,455
-43,481
-10,988
Other assets
-10,000
-2,806
-141
18,977
Accrued salaries and bonuses
-481,000
181,883
58,069
182,126
Accounts payable and accrued expenses and other liabilities
-25,000
7,787
-33,734
22,312
Net cash used in operating activities
-336,000
293,033
217,682
325,046
Purchases of investment securities
4,000
83,274
-103,151
130,087
Sales or maturities of investment securities
122,000
41,735
-46,103
18,047
Acquisition of businesses, net of cash acquired
0
1,814
0
0
Capital expenditures
6,000
6,250
639
2,238
Net cash provided by investing activities
112,000
-49,603
56,409
-114,278
Dividends paid
61,000
39,157
40,628
41,776
Share repurchases
50,000
49,999
87,897
29,721
Payments to settle employee tax obligations on share-based awards
106,000
2,887
2,160
640
Earnouts paid
-
741
0
0
Other financing activities
0
0
-710
0
Net cash used in financing activities
-217,000
-92,784
-131,395
-72,137
Effects of exchange rate changes on cash, cash equivalents, and restricted cash
-3,000
-18,082
-9,790
-8,629
Net decrease in cash, cash equivalents, and restricted cash
-444,000
132,564
132,906
130,002
Cash, cash equivalents, and restricted cash beginning of period
1,193,000
928,398
928,398
975,579
Cash, cash equivalents, and restricted cash end of period
749,000
1,193,868
1,061,304
928,398
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Sales or maturities ofinvestment securities$122,000K (-55.90%↓ Y/Y)Net cash provided byinvesting activities$112,000K (2.15%↑ Y/Y)Canceled cashflow$10,000K Net decrease incash, cash...-$444,000K (-150.59%↓ Y/Y)Canceled cashflow$112,000K Net income$78,000K (-20.03%↓ Y/Y)Compensation expense equity-based incentive...$45,000K (6.58%↑ Y/Y)Unbilled work in progress$18,000K (171.36%↑ Y/Y)Other assets-$10,000K (-360.01%↓ Y/Y)Non-cash lease expense$10,000K (19.50%↑ Y/Y)Depreciation andamortization$8,000K (-49.97%↓ Y/Y)Accounts receivable-$1,000K (97.48%↑ Y/Y)Capital expenditures$6,000K (-54.49%↓ Y/Y)Purchases of investmentsecurities$4,000K (-97.39%↓ Y/Y)Net cash used inoperating activities-$336,000K (-155.26%↓ Y/Y)Net cash used infinancing activities-$217,000K (-10.36%↓ Y/Y)Canceled cashflow$170,000K Effects of exchange ratechanges on cash, cash...-$3,000K (-107.24%↓ Y/Y)Accrued salaries andbonuses-$481,000K (-63.68%↓ Y/Y)Payments to settleemployee tax obligations...$106,000K (-22.66%↓ Y/Y)Dividends paid$61,000K (16.24%↑ Y/Y)Share repurchases$50,000K (540.12%↑ Y/Y)Accounts payable andaccrued expenses and...-$25,000K (-3.04%↓ Y/Y)