HLI: the cash flow

MyFinsight

For the year ending 2026-03-31, HLI had $218,289K increase in cash & cash equivalents over the period. $681,819K in free cash flow.

Cash Flow	2026-03-31
Net income	424,174
Deferred taxes	-25,116
Provision for bad debts, net	7,659
Non-cash lease expense	39,326
Depreciation and amortization	42,634
Revaluation of acquisition contingent consideration	-17,895
Compensation expense equity and liability classified share awards	201,304
Other	1,673
Accounts receivable	-32,633
Unbilled work in progress	-115,148
Other assets	19,876
Accrued salaries and bonuses	128,217
Accounts payable and accrued expenses and other liabilities	-27,898
Net cash provided by operating activities	704,131
Purchases of investment securities	263,299
Sales or maturities of investment securities	290,326
Acquisition of businesses, net of cash acquired	2,539
Capital expenditures	22,312
Net cash provided by/(used in) investing activities	2,176
Dividends paid	174,037
Share repurchases	175,428
Payments to settle employee tax obligations on share-based awards	142,738
Earnouts paid	741
Other financing activities	0
Net cash used in financing activities	-492,944
Effects of exchange rate changes on cash, cash equivalents, and restricted cash	4,926
Net increase in cash, cash equivalents, and restricted cash	218,289
Cash, cash equivalents, and restricted cash beginning of period	975,579
Cash, cash equivalents, and restricted cash end of period	1,193,868

Unit: Thousand (K) dollars (except for numbers of shares and EPS).