Financial Statements

Houlihan Lokey, Inc. (HLI)

$85.91

+2.12 (+2.53%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2022 2021 2020 2019 2018
Retained Earnings (Previous Year) 600377276207-
Net Income 438313184159172
Stock Dividends -12-2-2387
Dividend Paid -115-92-81-67-52
Retained Earnings 922600377276207

PPE Schedule

Year 2022 2021 2020 2019 2018
Gross PPE 1981783132-
Annual Depreciation 3435167640
Capital Expenditure -9-14-21-7-8
Net PPE 2241981783132

Intangible and Goodwill Schedule

Year 2022 2021 2020 2019 2018
Intangible and Goodwill (Previous Year) -529595618-
New Purchases -209-147-351-392-102
Intangible and Goodwill 529595618-1,070

Houlihan Lokey, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Houlihan Lokey, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.