PJT: the cashflow

MyFinsight

For the quarter ending 2025-09-30, PJT had $185,837K increase in cash & cash equivalents over the period. $240,896K in free cash flow.

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

Cash Flow	2025-09-30	2025-06-30
Net income	74,957	135,601
Equity-based compensation expense	47,571	138,250
Depreciation and amortization expense	3,406	6,494
Amortization of operating lease right-of-use assets	4,455	8,862
Provision for credit losses	-756	2,679
Other	1,240	5,234
Accounts receivable	12,443	32,697
Other assets	-15,426	-522
Accrued compensation and benefits	140,245	-147,730
Accounts payable, accrued expenses and other liabilities	-9,803	7,033
Taxes payable	342	-1,117
Deferred revenue	-6,057	1,825
Net cash provided by operating activities	256,103	114,488
Purchases of investments	80,917	81,848
Proceeds from sales and maturities of investments	63,406	42,526
Purchases of furniture, equipment and leasehold improvements	15,207	13,500
Net cash used in investing activities	-32,718	-52,822
Dividends	6,085	12,351
Tax distributions	0	597
Employee taxes paid for shares withheld	95	54,190
Cash-settled exchanges of partnership units	33,136	81,252
Treasury stock purchases	0	190,500
Payments pursuant to tax receivable agreement	-1	410
Net cash used in financing activities	-39,315	-339,300
Effect of exchange rate changes on cash and cash equivalents	1,767	8,372
Net decrease in cash and cash equivalents	185,837	-269,262
Cash and cash equivalents at beginning of period	483,877	-
Cash and cash equivalents at end of period	400,452	-

Unit: Thousand (K) dollars