For the quarter ending 2025-12-31, HLNE had $13,631K increase in cash & cash equivalents over the period. $72,446K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net income | 92,798 | 103,603 | 77,070 |
| Depreciation and amortization | 2,428 | 2,519 | 2,528 |
| Change in deferred income taxes | -11,000 | -8,539 | -6,555 |
| Change in payable to related parties pursuant to tax receivable agreement | -4,195 | 0 | 0 |
| Equity-based compensation | 12,992 | 12,389 | 12,799 |
| Equity in income of investees | 11,307 | 20,069 | 9,439 |
| Net realized gain on sale of investments | 0 | 0 | - |
| Net gain on investments | 0 | 0 | 413 |
| Proceeds received from funds | 7,163 | 7,125 | 10,141 |
| Non-cash lease expense | 2,246 | 2,145 | 2,734 |
| Other | 1,938 | 321 | 321 |
| Fees receivable | 33,714 | -19,962 | -23,350 |
| Prepaid expenses | -5,027 | 6,874 | -663 |
| Due from related parties | 9,933 | 5,290 | 3,876 |
| Other assets | 632 | -2,281 | 1,423 |
| Accounts payable | -1,051 | -428 | 1,039 |
| Accrued compensation and benefits | 17,079 | 20,049 | 15,652 |
| Lease liability | -2,446 | -2,351 | -2,277 |
| Other liabilities | -261 | -11,845 | 2,327 |
| Cash relinquished from deconsolidation of fund-Variable Interest Entity Primary Beneficiary | 0 | - | - |
| Net gain on investments-Consolidated Funds And Partnerships | 18,890 | 17,283 | 8,574 |
| Equity in income of investees-Consolidated Funds And Partnerships | 434 | 550 | 871 |
| Change in other assets and liabilities-Consolidated Funds And Partnerships | -4,306 | -4,655 | -626 |
| Net cash provided by operating activities | 74,114 | 118,898 | 128,932 |
| Purchase of furniture, fixtures and equipment | 1,668 | 1,086 | 1,344 |
| Purchase of investments | 3,000 | 5,000 | 0 |
| Proceeds from sale of investments | 0 | 0 | - |
| Net proceeds from sale of consolidated fund | 22,135 | - | - |
| Purchase of investments | - | - | 81,616 |
| Proceeds from sale of intangible assets | 0 | 0 | - |
| Cash from consolidating funds | - | - | 0 |
| Distributions received from funds | 4,437 | 2,276 | 2,355 |
| Contributions to funds | 35,935 | 19,075 | 13,202 |
| Purchase of investments-Consolidated Funds And Partnerships | 107,187 | 192,840 | - |
| Distributions received from investments-Consolidated Funds And Partnerships | 4,114 | - | - |
| Cash from consolidating funds-Consolidated Funds And Partnerships | 0 | 0 | - |
| Net cash used in investing activities | -117,104 | -134,109 | -93,807 |
| Proceeds from offering | 0 | 55,484 | - |
| Purchase of membership interests | 0 | 55,484 | - |
| Borrowings of debt, net of deferred financing costs | 0 | - | - |
| Repayments of long-term debt | 6,250 | 3,125 | 1,875 |
| Repurchase of class a common stock for employee tax withholding | 595 | 835 | 7 |
| Proceeds received from issuance of shares under employee share purchase plan | 824 | 756 | 816 |
| Payments to related parties, pursuant to tax receivable agreement | 0 | 12,000 | - |
| Dividends paid | 22,566 | 22,342 | 20,233 |
| Members distributions paid | 10,323 | 17,172 | 16,023 |
| Contributions from non-controlling interests in partnerships-Consolidated Funds And Partnerships | 152 | 110 | 111 |
| Distributions to non-controlling interests in partnerships-Consolidated Funds And Partnerships | 108 | 240 | 92 |
| Contributions from non-controlling interests in consolidated funds-Consolidated Funds And Partnerships | 95,576 | 81,310 | 40,564 |
| Net cash provided by financing activities | 56,710 | 26,462 | 3,261 |
| Effect of exchange rate changes on cash and cash equivalents | -89 | 964 | 147 |
| Increase in cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated funds and partnerships | 13,631 | 12,215 | 38,533 |
| Cash and cash equivalents at beginning of period | 334,352 | 283,604 | - |
| Cash and cash equivalents at end of period | 347,983 | 334,352 | - |
Hamilton Lane INC (HLNE)
Hamilton Lane INC (HLNE)