FTI Consulting, Inc. (FCN) Financial Statements (2024 and earlier)

Company Profile

Business Address 555 12TH STREET NW
WASHINGTON, DC 20004
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 8742 - Management Consulting Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments203,539238,539491,688327,047255,730271,143
Cash and cash equivalents203,539238,539491,688327,047255,730271,143
Receivables1,168,6901,016,133961,702975,191935,321853,233
Prepaid expense   46,895   
Other undisclosed current assets108,05497,73310,31791,187100,66897,015
Total current assets:1,480,2831,352,4051,510,6021,393,4251,291,7191,221,391
Noncurrent Assets
Operating lease, right-of-use asset206,819208,894203,764195,339198,893206,673
Property, plant and equipment164,886163,051153,466144,713144,053141,236
Long-term investments and receivables75,27362,26855,97854,14455,23053,072
Accounts and financing receivable, after allowance for credit loss75,27362,26855,97854,14455,23053,072
Intangible assets, net (including goodwill)1,252,5101,252,2251,253,1071,238,2141,256,4501,273,619
Goodwill1,231,7691,230,0671,227,5931,212,5411,227,8371,243,972
Intangible assets, net (excluding goodwill)20,74122,15825,51425,67328,61329,647
Other noncurrent assets66,54062,14064,49056,25956,82353,300
Total noncurrent assets:1,766,0281,748,5781,730,8051,688,6691,711,4491,727,900
TOTAL ASSETS:3,246,3113,100,9833,241,4073,082,0943,003,1682,949,291
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:172,288177,223173,953175,491165,455173,356
Employee-related liabilities296,461
Accounts payable   20,265   
Accrued liabilities420,885308,76265,231   
Other undisclosed accounts payable and accrued liabilities(248,597)(131,539)88,457175,491165,455(123,105)
Deferred revenue51,52852,46753,64650,52348,21740,113
Other undisclosed current liabilities420,885308,762541,892422,985357,222296,461
Total current liabilities:644,701538,452769,491648,999570,894509,930
Noncurrent Liabilities
Long-term debt and lease obligation340,548360,583315,172528,205532,338554,322
Long-term debt, excluding current maturities340,548360,583315,172314,756314,337328,936
Liabilities, other than long-term debt465,910481,060475,023260,307269,317263,021
Deferred income tax liabilities155,754158,315162,374161,486167,797165,913
Other liabilities86,75395,67991,04598,821101,52097,108
Operating lease, liability223,403227,066221,604213,449218,001225,386
Total noncurrent liabilities:806,458841,643790,195788,512801,655817,343
Total liabilities:1,451,1591,380,0951,559,6861,437,5111,372,5491,327,273
Equity
Equity, attributable to parent1,795,1521,720,8881,681,7211,644,5831,630,6191,622,018
Common stock340340340344345345
Additional paid in capital5,473   499 
Accumulated other comprehensive loss(160,476)(166,872)(176,722)(224,185)(175,710)(135,031)
Retained earnings1,949,8151,887,4201,858,1031,868,4241,805,4851,756,704
Total equity:1,795,1521,720,8881,681,7211,644,5831,630,6191,622,018
TOTAL LIABILITIES AND EQUITY:3,246,3113,100,9833,241,4073,082,0943,003,1682,949,291

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues864,591806,706774,431775,865754,992723,620
Cost of revenue(588,094)(553,509)(526,139)(526,654)(520,080)(493,104)
Gross profit:276,497253,197248,292249,211234,912230,516
Operating expenses(187,788)(184,213)(164,973)(161,501)(170,677)(148,971)
Other undisclosed operating loss  (2,182)(10,663)  (2,268)
Operating income:88,70966,80272,65687,71064,23579,277
Nonoperating income (expense)(3,606)(4,281)(9,079)5,393546(2,989)
Interest and debt expense(3,022)(2,939)(2,579)(2,378)(2,448)(2,642)
Income from continuing operations before equity method investments, income taxes:82,08159,58260,99890,72562,33373,646
Other undisclosed income from continuing operations before income taxes3,0222,9392,5792,3782,4482,642
Income from continuing operations before income taxes:85,10362,52163,57793,10364,78176,288
Income tax expense(22,708)(14,974)(16,079)(15,836)(13,353)(16,967)
Income from continuing operations:62,39547,54747,49877,26751,42859,321
Income before gain (loss) on sale of properties:77,26751,42859,321
Net income available to common stockholders, diluted:62,39547,54747,49877,26751,42859,321

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:62,39547,54747,49877,26751,42859,321
Other comprehensive loss    (48,475)(40,679)(6,191)
Other undisclosed comprehensive income   95,345   
Comprehensive income:62,39547,547142,84328,79210,74953,130
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6,3969,850(47,882)   
Comprehensive income, net of tax, attributable to parent:68,79157,39794,96128,79210,74953,130

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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