Houlihan Lokey, Inc. (HLI) financial statements (2021 and earlier)

Company profile

Business Address HOULIHAN LOKEY, INC.
LOS ANGELES, CA 90067
State of Incorp.
Fiscal Year End March 31
SIC 6282 - Investment Advice (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments868516411207300166
Cash and cash equivalents634380286207300166
Short-term investments235135125   
Receivables  72   
Total current assets:868516483207300166
Noncurrent Assets
Operating lease, right-of-use asset145135
Property, plant and equipment464231323022
Intangible assets, net (including goodwill)866813795723715717
Goodwill670618595529519519
Intangible assets, net (excluding goodwill)196194200194196199
Deferred income tax assets107
Total noncurrent assets:1,068997826755746739
Other undisclosed assets184164115457340166
TOTAL ASSETS:2,1201,6771,4231,4191,3861,071
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue3727
Debt    192 
Contract with customer, liability28
Total current liabilities:372728 192 
Noncurrent Liabilities
Liabilities, other than long-term debt01    
Deferred income tax liabilities01
Total noncurrent liabilities:01    
Other undisclosed liabilities728665504566463417
Total liabilities:766693532566655417
Temporary equity, carrying amount    42
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3541,027891853727651
Treasury stock, value   (94)(194) 
Common stock, share subscribed but unissued, subscriptions receivable    (0)(0)
Additional paid in capital851650645753855637
Accumulated other comprehensive loss(21) (30)(14)(22)(15)
Retained earnings5233772762078729
Other undisclosed stockholders' equity attributable to parent     0
Other undisclosed stockholders' equity0(43)000 
Total stockholders' equity:1,354984891853727651
TOTAL LIABILITIES AND EQUITY:2,1201,6771,4231,4191,3861,071

Income statement (P&L) ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues1,3911,1591,084997913694
Revenue, net997913694
Other undisclosed gross profit(942)(837)(778)(719)(671) 
Gross profit:449323306278241694
Operating expenses(1,052)(930)(865)(749)(690)(567)
Other undisclosed operating income942837778686631 
Operating income:339230220214182126
Nonoperating income (expense)4653(4)(1)
Investment income, nonoperating  0002
Foreign currency transaction gain, before tax  15  
Interest and debt expense   (0)(1)(1)
Income from continuing operations before equity method investments, income taxes:343236224218178125
Other undisclosed income from continuing operations before income taxes   011
Income from continuing operations before income taxes:343236224218178126
Income tax expense(60)(52)(65)(46)(70)(56)
Net income:28318415917210870
Net loss attributable to noncontrolling interest     (0)
Net income available to common stockholders, diluted:28318415917210870

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income:28318415917210870
Other undisclosed comprehensive income (loss)   8(7)(3)
Comprehensive income:28318415918010166
Comprehensive loss, net of tax, attributable to noncontrolling interest     (0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent29(13)(16)   
Comprehensive income, net of tax, attributable to parent:31217114318010166

Statements sources

The financial statements are based on the company's filings with the 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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