Heidrick & Struggles International, Inc. (HSII) Financial Statements (2024 and earlier)

Company Profile

Business Address 233 S WACKER DRIVE
CHICAGO, IL 60606-6303
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7361 - Employment Agencies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments621,616545,225336,472271,719279,906207,534
Cash and cash equivalents355,447545,225316,473271,719279,906207,534
Short-term investments266,169 19,999   
Receivables126,437133,750107,775135,834118,597102,633
Prepaid expense    20,18522,76622,003
Other current assets40,72241,44923,27927,84829,59811,620
Other undisclosed current assets35,04424,9645,16038,896  
Total current assets:823,819745,388472,686494,482450,867343,790
Noncurrent Assets
Operating lease, right-of-use asset71,45772,32092,671 
Property, plant and equipment30,20727,08523,49228,65033,87139,514
Long-term investments and receivables34,35436,05131,36925,40919,44221,319
Long-term investments34,35436,05131,36925,40919,44221,319
Intangible assets, net (including goodwill), including:144,694147,69392,772128,766124,308121,050
Goodwill138,361138,52491,643126,831122,092118,892
Intangible assets, net (excluding goodwill)12,66618,3382,2581,9352,2162,158
Other undisclosed intangible assets, net (including goodwill) (6,333)(9,169)(1,129)   
Deferred income tax assets33,98742,16935,958 
Other noncurrent assets25,78823,37724,43920,43422,2768,999
Other undisclosed noncurrent assets11,33212,71514,425146,43249,86552,532
Total noncurrent assets:351,819361,410315,126349,691249,762243,414
TOTAL ASSETS:1,175,6381,106,798787,812844,173700,629587,204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities469,850439,404227,893246,867245,059194,174
Taxes payable10,0041,1863,9288,2406,924
Employee-related liabilities409,026217,908234,306227,653177,426
Accounts payable14,61320,3748,7998,6339,1669,824
Accrued liabilities455,237     
Deferred revenue43,05751,40438,050 
Deferred revenue and credits40,67331,272
Other liabilities56,01624,55423,31126,25333,21940,346
Other undisclosed current liabilities19,55419,33228,98472,222  
Total current liabilities:588,477534,694318,238345,342318,951265,792
Noncurrent Liabilities
Long-term debt and lease obligation:  65,62586,816   
Liabilities, other than long-term debt75,99818,26120,91724,23436,98268,399
Deferred income tax liabilities    
Liability, pension and other postretirement and postemployment benefits12,69918,26120,91719,60019,55944,802
Other liabilities   4,63417,42323,597
Operating lease, liability63,29965,62586,816 
Other undisclosed noncurrent liabilities100,517152,19894,239165,48277,54040,308
Total noncurrent liabilities:176,515236,084201,972189,716114,522108,707
Total liabilities:764,992770,778520,210535,058433,473374,499
Equity
Equity, attributable to parent410,646336,020267,602309,115267,156212,705
Common stock199196196196196196
Treasury stock, value(191)(191)(8,041)(14,795)(20,298)(26,096)
Additional paid in capital246,630233,163231,048228,807227,147226,006
Accumulated other comprehensive income (loss)(4,189)1,6753,4173,8244,06213,315
Retained earnings (accumulated deficit)168,197101,17740,98291,08356,049(716)
Total equity:410,646336,020267,602309,115267,156212,705
TOTAL LIABILITIES AND EQUITY:1,175,6381,106,798787,812844,173700,629587,204

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,083,5861,008,474629,370725,614735,655640,056
Revenue, net735,655640,056
Cost of revenue    (19,632)(18,656)
Cost of goods and services sold    (19,632)(18,656)
Gross profit:1,083,5861,008,474629,370725,614716,023621,400
Operating expenses(971,320)(910,210)(664,899)(662,103)(666,798)(666,579)
Other undisclosed operating income     19,63218,656
Operating income (loss):112,26698,264(35,529)63,51168,857(26,523)
Nonoperating income (expense)2,9707,7654,1315,7781,635(2,895)
Other nonoperating income (expense)(2,367)7,4633,9272,898494(3,280)
Income (loss) from continuing operations before income taxes:115,236106,029(31,398)69,28970,492(29,418)
Income tax expense(35,750)(33,457)(6,309)(22,420)(21,197)(19,217)
Income (loss) from continuing operations:79,48672,572(37,707)46,86949,295(48,635)
Income (loss) before gain (loss) on sale of properties:72,572(37,707)46,86949,295(48,635)
Net income (loss) available to common stockholders, diluted:79,48672,572(37,707)46,86949,295(48,635)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):79,48672,572(37,707)46,86949,295(48,635)
Other comprehensive income (loss)(5,864)(1,742)(407)(238)3,164(9,993)
Comprehensive income (loss):73,62270,830(38,114)46,63152,459(58,628)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (6,328)19,986
Comprehensive income (loss), net of tax, attributable to parent:73,62270,830(38,114)46,63146,131(38,642)

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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