Korn Ferry (KFY) Financial Statements (2024 and earlier)

Company Profile

Business Address 1900 AVENUE OF THE STARS
LOS ANGELES, CA 90067
State of Incorp. DE
Fiscal Year End April 30
Industry (SIC) 7361 - Employment Agencies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

10/31/2023
Q2
7/31/2023
Q1
4/30/2023
Q4
1/31/2023
Q3
10/31/2022
Q2
7/31/2022
Q1
4/30/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments591,695888,861820,151653,088710,9561,035,314
Cash and cash equivalents562,209844,024771,898593,900639,784978,070
Short-term investments29,48644,83748,25359,18871,17257,244
Receivables592,333569,601628,693670,408637,061590,260
Other undisclosed current assets182,579180,207164,583156,869149,275134,396
Total current assets:1,366,6071,638,6691,613,4271,480,3651,497,2921,759,970
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization4,5054,3624,2094,1434,5462,685
Operating lease, right-of-use asset132,638142,690140,777151,537158,918167,734
Property, plant and equipment166,283161,876154,983153,041147,117138,172
Long-term investments and receivables189,359179,040187,646178,565185,492175,783
Long-term investments189,359179,040187,646178,565185,492175,783
Intangible assets, net (including goodwill)1,018,1901,023,917882,180884,471808,593815,362
Goodwill910,211909,491793,285790,063724,426725,592
Intangible assets, net (excluding goodwill)107,979114,42688,89594,40884,16789,770
Deferred income tax assets94,293102,05793,40383,89981,42284,712
Other undisclosed noncurrent assets341,593321,833329,563325,714320,699320,128
Total noncurrent assets:1,946,8611,935,7751,792,7611,781,3701,706,7871,704,576
TOTAL ASSETS:3,313,4683,574,4443,406,1883,261,7353,204,0793,464,546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities611,991930,439811,1131,060,179927,724935,616
Taxes payable26,09437,55234,450
Employee-related liabilities327,949250,818547,826
Accounts payable50,73153,38642,03548,62355,00350,932
Accrued liabilities561,260877,053769,078657,513584,351302,408
Debt1,5291,3721,302  1,049
Other undisclosed current liabilities42,27144,44943,932(305,004)(241,670)47,560
Total current liabilities:655,791976,260856,347755,175686,054984,225
Noncurrent Liabilities
Long-term debt and lease obligation396,379396,194396,011523,717536,264546,689
Long-term debt, excluding current maturities396,379396,194396,011395,831395,653395,477
Liabilities, other than long-term debt568,768548,985540,816400,123410,527384,043
Deferred income tax liabilities6,1705,3522,3362,7764,0522,715
Liability, pension and other postretirement and postemployment benefits425,215396,534393,155369,960380,137357,175
Other liabilities26,56027,87926,88727,38726,33824,153
Operating lease, liability110,823119,220118,438127,886140,611151,212
Total noncurrent liabilities:965,147945,179936,827923,840946,791930,732
Total liabilities:1,620,9381,921,4391,793,1741,679,0151,632,8451,914,957
Equity
Equity, attributable to parent, including:1,686,6811,648,0711,608,9791,578,0521,564,7501,544,346
Accumulated other comprehensive loss(90,471)(92,764)(96,802)(136,665)(108,444)(92,185)
Retained earnings1,348,0591,311,0811,271,6181,268,4371,203,0671,134,523
Other undisclosed equity, attributable to parent429,093429,754434,163446,280470,127502,008
Equity, attributable to noncontrolling interest5,8494,9344,0354,6686,4845,243
Total equity:1,692,5301,653,0051,613,0141,582,7201,571,2341,549,589
TOTAL LIABILITIES AND EQUITY:3,313,4683,574,4443,406,1883,261,7353,204,0793,464,546

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

10/31/2023
Q2
7/31/2023
Q1
4/30/2023
Q4
1/31/2023
Q3
10/31/2022
Q2
7/31/2022
Q1
4/30/2022
Q4
Revenues706,262738,124686,845735,719703,148727,003
Cost of revenue(575,037)(568,159)(550,173)(550,621)(521,173)(499,018)
Gross profit:131,225169,965136,672185,098181,975227,985
Operating expenses(74,457)(97,384)(124,159)(65,451)(70,376)(89,232)
Operating income:56,76872,58112,513119,647111,599138,753
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
13,57743713,097(9,048)775(14,116)
Interest and debt expense(54)(49)(47)(46)(48)(20)
Income from continuing operations before equity method investments, income taxes:70,29172,96925,563110,553112,326124,617
Other undisclosed loss from continuing operations before income taxes(4,686)(5,727)(5,331)(7,052)(7,564)(6,453)
Income from continuing operations before income taxes:65,60567,24220,232103,501104,762118,164
Income tax expense(18,420)(19,108)(8,463)(28,886)(26,226)(25,105)
Income from continuing operations:47,18548,13411,76974,61578,53693,059
Income before gain (loss) on sale of properties:74,61578,53693,059
Net income:47,18548,13411,76974,61578,53693,059
Net loss attributable to noncontrolling interest(580)(640)(522)(1,074)(1,289)(1,395)
Net income (loss) attributable to parent:46,60547,49411,24773,54177,24791,664
Other undisclosed net loss available to common stockholders, basic(1,021)(1,073)(249)(1,615)(1,645)(1,980)
Net income (loss) available to common stockholders, basic:45,58446,42110,99871,92675,60289,684
Other undisclosed net income available to common stockholders, diluted 210 4922
Net income (loss) available to common stockholders, diluted:45,58646,43110,99871,93075,61189,706

Comprehensive Income ($ in thousands)

10/31/2023
Q2
7/31/2023
Q1
4/30/2023
Q4
1/31/2023
Q3
10/31/2022
Q2
7/31/2022
Q1
4/30/2022
Q4
Net income:47,18548,13411,76974,61578,53693,059
Other comprehensive income (loss)2,62840840,296(27,978)(16,307) 
Other undisclosed comprehensive income (loss)  3,889   (11,442)
Comprehensive income (loss):49,81352,43152,06546,63762,22981,617
Comprehensive loss, net of tax, attributable to noncontrolling interest(915)(899)(955)(1,317)(1,241)(1,420)
Comprehensive income (loss), net of tax, attributable to parent:48,89851,53251,11045,32060,98880,197

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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