Houlihan Lokey (HLI) stock price, revenue, and financials

Houlihan Lokey market cap is $4.9 b, and annual revenue was $1.16 b in FY 2020

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+1.12 (+1.6%)

$4.9 B

HLI Mkt cap, 15-Jan-2021

$275.7 M

Houlihan Lokey Revenue Q2, 2021

Houlihan Lokey Net income (Q2, 2021)54.2 M

Houlihan Lokey EBIT (Q2, 2021)66.9 M

Houlihan Lokey Cash, 30-Sept-2020422 M

Houlihan Lokey EV4.6 B

Houlihan Lokey Revenue Breakdown

Business Segment

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Houlihan Lokey revenue breakdown by business segment: 40.7% from Financial Restructuring, 57.6% from Corporate Finance and 1.7% from Other

Annual

USD	FY, 2016	FY, 2017	FY, 2018	FY, 2019	FY, 2020
Revenue	693.8m	872.1m	963.4m	1.1b	1.2b
Revenue growth, %		26%
R&D expense	16.0m	17.6m	18.5m	21.5m	26.9m
Operating expense total	27.6m	33.1m	32.3m	53.7m	66.4m
Depreciation and amortization	7.5m	8.9m	7.9m	14.5m	17.3m
EBIT	126.4m	182.0m	214.4m	219.5m	229.6m
EBIT margin, %	18%	21%	22%	20%	20%
Interest expense	770.0k	3.5m
Pre tax profit	125.6m	178.5m	217.8m	224.3m	235.6m
Income tax expense	55.9m	70.1m	45.6m	65.2m	51.9m
Net Income	69.7m	108.3m	172.3m	159.1m	183.8m

Source: SEC Filings

Quarterly

USD	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021
Revenue	158.4m	205.5m	180.8m	186.5m	247.7m	217.5m	242.2m	258.9m	220.0m	275.0m	298.0m	272.8m	333.5m	211.1m	275.7m
R&D expense	3.4m	4.7m	4.4m	4.5m	4.6m	4.3m	5.0m	4.4m	5.6m	4.7m	5.8m	6.9m	7.2m	6.4m	6.9m
Operating expense total	8.8m	6.9m	7.8m	8.6m	8.0m	7.3m	8.5m	8.0m	13.2m	13.5m	15.9m	18.1m	19.4m	11.0m	11.5m
Depreciation and amortization	1.7m	1.9m	2.2m	2.4m	2.3m	2.0m	2.2m	2.0m	3.5m	3.7m	3.6m	4.0m	4.3m	3.7m	3.7m
EBIT	17.4m	43.7m	32.9m	35.0m	56.8m	46.9m	53.3m	54.5m	40.1m	56.2m	62.3m	45.2m	68.0m	42.6m	66.9m
EBIT margin, %	11%	21%	18%	19%	23%	22%	22%	21%	18%	20%	21%	17%	20%	20%	24%
Interest expense	148.0k	739.0k	908.0k	749.0k	1.1m	1.5m
Investment income	(481.0k)	(355.0k)
Pre tax profit	17.1m	42.6m	32.0m	34.2m	55.7m	48.4m	53.5m	55.1m	41.7m	57.2m	62.9m	46.3m	69.1m	43.8m	67.1m
Income tax expense	7.8m	19.9m	12.5m	13.4m	21.8m	9.1m	20.2m	(6.5m)	12.1m	17.1m	19.0m	13.1m	20.2m	(2.3m)	18.3m
Net Income	9.3m	22.7m	19.4m	20.9m	34.0m	39.2m	33.4m	61.6m	29.7m	40.1m	44.0m	33.1m	48.9m	46.1m	54.2m

Source: SEC Filings

Annual

USD	Y, 2013	Y, 2014	Y, 2015	FY, 2016	FY, 2017	FY, 2018	FY, 2019	FY, 2020
Cash	68.4m	109.4m	88.7m	166.2m	300.3m	206.7m	285.7m	380.4m
Accounts Receivable						77.3m	70.8m	80.9m
Inventories				8.9b
PP&E						32.1m	31.0m	42.4m
Goodwill						723.3m	794.6m	812.8m
Total Assets				1.1b	1.4b	1.4b	1.4b	1.7b
Accounts Payable				34.4m	41.7m	40.8m	55.0m	53.9m
Long-term debt								154.2m
Total Debt								154.2m
Total Liabilities					655.3m	566.0m	531.7m	692.6m
Common Stock				59.0k	22.0k
Additional Paid-in Capital				637.3m	854.8m	753.1m	645.1m	650.0m
Retained Earnings				28.6m	87.4m	207.1m	276.5m	377.5m
Total Equity				651.2m	726.6m	852.8m	891.3m	984.4m
Financial Leverage				1.6 x	1.9 x	1.7 x	1.6 x	1.7 x

Source: SEC Filings

Quarterly

USD	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021
Cash	97.8m	131.9m	106.0m	156.1m	253.6m	183.2m	245.4m	197.2m	144.2m	227.6m	256.4m	220.2m	276.7m	422.2m	422.0m
Accounts Receivable	55.1m	43.1m	53.1m	45.7m	33.2m	62.5m	39.4m	33.5m	84.8m	66.0m	65.4m	64.8m	62.4m	51.6m	73.9m
PP&E	16.9m	18.3m	27.9m	27.7m	30.3m	32.1m	33.1m	32.2m	31.9m	31.7m	30.9m	40.9m	41.6m	42.9m	43.6m
Goodwill	688.9m	715.3m	713.5m	712.1m	708.2m	717.6m	721.5m	721.7m	802.1m	799.3m	795.3m	797.6m	822.7m	812.4m	861.7m
Total Assets	981.0m	1.0b	986.5m	1.0b	1.1b	1.1b	1.2b	1.2b	1.1b	1.2b	1.3b	1.4b	1.5b	1.7b	1.8b
Accounts Payable	40.2m	35.9m	29.5m	31.6m	39.6m	39.4m	39.7m	36.7m	41.2m	41.2m	45.2m	40.9m	45.4m	37.2m	42.0m
Long-term debt														172.9m	170.7m
Total Debt														172.9m	170.7m
Total Liabilities	366.3m	389.2m	307.2m	311.8m	371.1m	315.5m	378.5m	369.0m	327.9m	392.1m	409.5m	556.0m	591.9m	489.0m	584.9m
Additional Paid-in Capital	619.5m	626.7m	658.7m	668.4m	678.1m	664.3m	665.6m	655.1m	644.1m	636.2m	635.0m	635.4m	636.1m	848.8m	880.4m
Retained Earnings	6.5m	19.0m	36.5m	46.8m	67.9m	113.5m	134.2m	182.0m	201.7m	222.3m	248.6m	311.4m	339.8m	401.0m	427.6m
Total Equity	613.2m	634.9m	676.7m	694.4m	719.0m	761.0m	785.7m	823.9m	819.4m	828.3m	850.7m	891.9m	946.7m	1.2b	1.3b
Financial Leverage	1.6 x	1.6 x	1.5 x	1.5 x	1.5 x	1.4 x	1.5 x	1.5 x	1.4 x	1.5 x	1.5 x	1.6 x	1.6 x	1.4 x	1.5 x

Source: SEC Filings

Annual

USD	FY, 2016	FY, 2017	FY, 2018	FY, 2019	FY, 2020
Net Income	69.8m	108.3m	172.3m	159.1m	183.8m
Depreciation and Amortization	7.5m	8.9m	7.9m	14.5m	17.3m
Accounts Receivable	(1.4m)	(5.5m)	(18.2m)	21.6m	(13.4m)
Accounts Payable	(14.0m)	13.5m	392.0k	11.5m	(8.7m)
Cash From Operating Activities	77.5m	229.3m	250.6m	224.3m	287.7m
Purchases of PP&E		(14.4m)	(7.7m)	(6.7m)	(20.7m)
Cash From Investing Activities	179.6m	(1.7m)	(218.6m)	6.5m	(33.1m)
Short-term Borrowings		(65.0m)	(1.7m)	(1.5m)
Dividends Paid	(114.3m)	(55.3m)	(52.1m)	(66.9m)	(80.7m)
Cash From Financing Activities	(116.0m)	102.9m	(225.3m)	(236.1m)	(152.1m)
Net Change in Cash				(14.1m)	94.6m
Interest Paid	1.3m	1.6m	656.0k	977.0k	1.0m
Income Taxes Paid	75.4m	57.3m	47.6m	82.5m	74.5m

Source: SEC Filings

Quarterly

USD	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021
Net Income	24.3m	47.0m	19.4m	40.3m	74.3m	39.2m	72.6m	134.2m	29.7m	69.8m	113.8m	75.9m	124.8m	46.1m	94.9m
Depreciation and Amortization	3.1m	5.1m	2.2m	4.1m	6.9m	2.0m	4.1m	6.1m	3.5m	7.2m	10.8m	7.9m	12.3m	3.7m	7.3m
Accounts Receivable	652.0k	13.9m	4.3m	10.9m	22.4m	(2.4m)	20.7m	26.0m	11.8m	27.6m	27.8m	6.6m	9.8m	26.8m	5.6m
Accounts Payable	2.7m	(8.6m)	(843.0k)	715.0k	8.6m	(6.1m)	(5.3m)	(7.2m)	(1.1m)	(832.0k)	3.2m	226.0k	3.2m	(23.1m)	(19.9m)
Cash From Operating Activities	(59.0m)	(34.5m)	(67.8m)	38.6m	151.8m	(61.0m)	67.7m	140.7m	(119.0m)	15.9m	92.1m	13.1m	110.8m	(115.2m)	(1.3m)
Purchases of PP&E	(2.6m)	(4.8m)	(7.5m)	(8.1m)	(12.8m)	(3.2m)	(5.5m)	(6.2m)	(1.0m)	(3.2m)	(4.5m)	(14.3m)	(17.0m)	(3.5m)	(6.5m)
Cash From Investing Activities	163.3m	182.8m	12.5m	11.4m	6.4m	(23.3m)	(67.7m)	(138.9m)	121.2m	109.0m	94.1m	34.9m	14.9m	9.2m	(61.2m)
Short-term Borrowings			(40.0m)	(65.0m)	(65.0m)			(1.7m)
Long-term Borrowings		(2.3m)										(8.4m)	(10.8m)
Dividends Paid	(96.5m)	(105.4m)	(15.1m)	(25.5m)	(35.9m)	(12.5m)	(24.9m)	(39.5m)	(16.8m)	(33.6m)	(50.3m)	(42.2m)	(61.1m)	(26.2m)	(48.4m)
Cash From Financing Activities	(94.8m)	(106.3m)	(3.8m)	(56.9m)	(63.8m)	(227.5m)	(250.4m)	(300.6m)	(148.4m)	(185.4m)	(218.9m)	(105.7m)	(131.3m)	145.3m	99.8m
Net Change in Cash	9.1m	43.3m	(60.2m)	(10.1m)	87.4m				(155.6m)	(72.3m)	(43.5m)	(65.5m)	(9.0m)	41.8m	41.6m
Interest Paid	775.0k	1.1m	561.0k	1.0m	1.2m	215.0k	382.0k	509.0k	249.0k	432.0k	706.0k	475.0k	657.0k	197.0k	478.0k
Income Taxes Paid	2.7m	20.5m	7.6m	21.2m	29.7m	13.9m	39.4m	45.5m	4.7m	40.5m	64.9m	42.6m	54.0m	3.7m	22.6m

Source: SEC Filings

Houlihan Lokey's Enterprise Customers was reported to be 1 k in Q1, 2018.

Houlihan Lokey (HLI) stock price, revenue, and financials

$71.21

$4.9 B

$275.7 M

Houlihan Lokey Revenue Breakdown

Houlihan Lokey Income Statement

Annual

Revenue

Revenue growth, %

R&D expense

Operating expense total

Depreciation and amortization

EBIT

EBIT margin, %

Interest expense

Pre tax profit

Income tax expense

Net Income

Quarterly

Revenue

R&D expense

Operating expense total

Depreciation and amortization

EBIT

EBIT margin, %

Interest expense

Investment income

Pre tax profit

Income tax expense

Net Income

Houlihan Lokey Balance Sheet

Annual

Cash

Accounts Receivable

Inventories

PP&E

Goodwill

Total Assets

Accounts Payable

Long-term debt

Total Debt

Total Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Quarterly

Cash

Accounts Receivable

PP&E

Goodwill

Total Assets

Accounts Payable

Long-term debt

Total Debt

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Houlihan Lokey Cash Flow

Annual

Net Income

Depreciation and Amortization

Accounts Receivable

Accounts Payable

Cash From Operating Activities

Purchases of PP&E

Cash From Investing Activities

Short-term Borrowings

Dividends Paid

Cash From Financing Activities

Net Change in Cash

Interest Paid

Income Taxes Paid

Quarterly

Net Income

Depreciation and Amortization

Accounts Receivable