Houlihan Financial Statements From 2010 to 2023

HLI Stock  USD 100.78  1.27  1.28%   
Houlihan Lokey financial statements provide useful quarterly and yearly information to potential Houlihan Lokey investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Houlihan Lokey financial statements helps investors assess Houlihan Lokey's valuation, profitability, and current liquidity needs.
We have found one hundred five available fundamental trends for Houlihan Lokey, which can be analyzed and compared to other ratios and to its competitors. Please verify all of Houlihan Lokey regular fundamental drivers against the trend between 2010 and 2023 to make sure the company can sustain itself down the road.
Houlihan Lokey Free Cash Flow is most likely to increase significantly in the upcoming years. The last year's value of Free Cash Flow was reported at 837.11 Million. The current Tangible Asset Value is estimated to increase to about 1.9 B, while Net Income Per Employee is projected to decrease to roughly 144.9 K.
  
Check Houlihan Lokey financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Houlihan main balance sheet or income statement drivers, such as Consolidated Income of 543.9 M, Earning Before Interest and Taxes EBIT of 748.6 M or Gross Profit of 2.8 B, as well as many exotic indicators such as Interest Coverage of 77.75, Long Term Debt to Equity of 4.0E-4 or Calculated Tax Rate of 35.59. Houlihan financial statements analysis is a perfect complement when working with Houlihan Lokey Valuation or Volatility modules. It can also supplement Houlihan Lokey's financial leverage analysis and stock options assessment as well as various Houlihan Lokey Technical models . Please check the analysis of Houlihan Lokey Correlation against competitors.

Houlihan Lokey Revenues

2.2 Billion

Houlihan Lokey Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Liabilities60.4 M71.4 M45.6 M
Up
Pretty Stable
Tax Assets118.2 M109.6 M29.6 M
Up
Slightly volatile
Accumulated Retained Earnings Deficit1.1 B1.1 B374.5 M
Up
Slightly volatile
Trade and Non Trade Receivables203.6 M223.9 M217.3 M
Down
Slightly volatile
Property Plant and Equipment Net278.1 M257.7 M95.1 M
Up
Slightly volatile
Trade and Non Trade Payables156.6 M145.1 M64.3 M
Up
Slightly volatile
Current Liabilities1.1 B1.1 B601.1 M
Up
Slightly volatile
Total Liabilities1.4 B1.3 B704.2 M
Up
Slightly volatile
Investments133.4 M125.5 M109.6 M
Up
Slightly volatile
Goodwill and Intangible Assets1.3 B1.5 B853.6 M
Up
Slightly volatile
Shareholders Equity USD1.4 B1.7 B977.3 M
Up
Slightly volatile
Shareholders Equity1.1 B1.3 B927.4 M
Up
Slightly volatile
Deferred Revenue35.7 M33.1 M15.5 M
Up
Slightly volatile
Total Debt USD245.2 M227.3 M108.4 M
Up
Slightly volatile
Total Debt245.2 M227.3 M108.4 M
Up
Slightly volatile
Cash and Equivalents USDB959.2 M416.3 M
Up
Slightly volatile
Cash and Equivalents915.5 M848.6 M435.6 M
Up
Slightly volatile
Current Assets1.3 B1.2 B699 M
Up
Slightly volatile
Total Assets2.8 B2.6 B1.7 B
Up
Slightly volatile
Accounts Payable122.5 M113.6 M59.6 M
Up
Slightly volatile
Receivables139.9 M129.6 M80.7 M
Up
Slightly volatile
Inventories76.3 M94.3 M61.2 M
Up
Slightly volatile

Houlihan Lokey Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense205.5 M190.5 M83.9 M
Up
Slightly volatile
Weighted Average Shares Diluted52 M61.4 M41.5 M
Up
Slightly volatile
Weighted Average Shares49.3 M58.5 M39.2 M
Up
Slightly volatile
Selling General and Administrative Expense1.7 B1.6 B785.2 M
Up
Slightly volatile
Revenues USD2.8 B2.6 B1.2 B
Up
Slightly volatile
Revenues2.2 BB1.1 B
Up
Slightly volatile
Operating Income595.1 M551.6 M261.5 M
Up
Slightly volatile
Operating Expenses2.1 B1.9 B932 M
Up
Slightly volatile
Net Income to Non Controlling Interests711 K659 K380.3 K
Up
Slightly volatile
Net Income Common Stock USD543.2 M503.4 M201.1 M
Up
Slightly volatile
Net Income Common Stock543.2 M503.4 M201.1 M
Up
Slightly volatile
Net Income425.1 M394 M184.4 M
Up
Slightly volatile
Gross Profit2.8 B2.6 B1.2 B
Up
Slightly volatile
Earning Before Interest and Taxes USD748.6 M693.9 M285 M
Up
Slightly volatile
Earning Before Interest and Taxes EBIT748.6 M693.9 M285 M
Up
Slightly volatile
Consolidated Income543.9 M504.1 M201.3 M
Up
Slightly volatile

Houlihan Lokey Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation84.1 M105.7 M50 M
Up
Slightly volatile
Effect of Exchange Rate Changes on Cash (15.5 M)(15.1 M)(3.6 M)
Down
Slightly volatile
Net Cash Flow from Operations715.3 M662.9 M325.5 M
Up
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals118.8 M110.1 M(96.3 M)
Up
Slightly volatile
Net Cash Flow from Investing(323.3 M)(315 M)(127.2 M)
Down
Slightly volatile
Net Cash Flow from Financing(541.8 M)(527.9 M)(156.9 M)
Down
Slightly volatile
Issuance Purchase of Equity Shares(281.5 M)(274.3 M)39.8 M
Down
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(15.5 M)(15.1 M)61.3 M
Up
Very volatile
Depreciation Amortization and Accretion99.3 M92.1 M30 M
Up
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share22.1927.7713.6048
Up
Slightly volatile
Sales per Share41.2440.18360
Down
Slightly volatile
Return on Sales0.280.310.2183
Up
Slightly volatile
Return on Invested Capital0.820.880.5666
Up
Slightly volatile
Return on Average Equity22.727.8717.4896
Up
Slightly volatile
Return on Average Assets12.4914.8310.2953
Up
Slightly volatile
Price to Sales Ratio3.032.892.4817
Up
Slightly volatile
Price to Earnings Ratio13.3411.7217.8459
Down
Slightly volatile
Price to Book Value4.414.713.2118
Up
Slightly volatile
Payout Ratio0.260.230.2909
Up
Pretty Stable
Profit Margin15.2117.3614.2375
Up
Slightly volatile
Gross Margin0.890.90.9853
Down
Slightly volatile
Free Cash Flow per Share13.2212.88107
Down
Slightly volatile
Enterprise Value over EBITDA8.026.6410.6335
Down
Slightly volatile
Enterprise Value over EBIT8.727.211.6372
Down
Slightly volatile
Earnings per Basic Share USD8.367.753.1909
Up
Slightly volatile
Earnings per Diluted Share7.567.3741.2567
Down
Slightly volatile
Earnings per Basic Share7.957.7541.398
Down
Slightly volatile
EBITDA Margin22.0524.5221.5323
Up
Slightly volatile
Dividends per Basic Common Share1.631.980.8758
Up
Slightly volatile
Dividend Yield0.02360.0230.0175
Up
Slightly volatile
Debt to Equity Ratio4.0E-44.0E-40.0558
Down
Slightly volatile
Current Ratio1.020.991.1382
Up
Pretty Stable
Book Value per Share22.2825.5515.9964
Up
Slightly volatile
Asset Turnover0.710.770.6823
Up
Slightly volatile
Total Assets Per Share50.4749.18686
Down
Slightly volatile
Cash Flow Per Share12.8812.55108
Down
Slightly volatile
Return on Investment31.6339.024.8979
Up
Slightly volatile
Operating Margin21.6324.320.9347
Up
Slightly volatile
Calculated Tax Rate35.5931.5433.9449
Down
Slightly volatile
Receivables Turnover14.6916.1914.1781
Up
Slightly volatile
Inventory Turnover17.2818.3317.7022
Up
Slightly volatile
PPandE Turnover37.0241.4638.2166
Down
Pretty Stable
Cash and Equivalents Turnover3.412.614.3984
Down
Slightly volatile
Accounts Payable Turnover20.4121.120.9417
Up
Slightly volatile
Accrued Expenses Turnover2.492.552.6322
Up
Slightly volatile
Interest Coverage77.7572.0634.3644
Up
Slightly volatile
Long Term Debt to Equity4.0E-44.0E-40.0558
Down
Slightly volatile
Quick Ratio0.780.830.7392
Up
Slightly volatile
Net Current Assets as percentage of Total Assets4.543.645.2023
Up
Slightly volatile
Revenue to Assets0.650.710.641
Up
Slightly volatile

Houlihan Lokey Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Asset Value1.9 B1.8 B881.9 M
Up
Slightly volatile
Market Capitalization5.5 B6.8 B3.2 B
Up
Slightly volatile
Invested Capital Average740 M904.2 M492 M
Up
Slightly volatile
Invested Capital853.7 M1.1 B524.9 M
Up
Slightly volatile
Free Cash Flow903.2 M837.1 M346 M
Up
Slightly volatile
Enterprise Value4.8 B5.8 B2.9 B
Up
Slightly volatile
Average Equity1.4 B1.7 B978.4 M
Up
Slightly volatile
Earnings before Tax748.6 M693.9 M285 M
Up
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD848 M785.9 M315 M
Up
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA600.6 M556.7 M267.7 M
Up
Slightly volatile
Average Assets2.5 BB1.6 B
Up
Slightly volatile
Revenue Per Employee811.4 K905.2 K775.6 K
Up
Slightly volatile
Net Income Per Employee144.9 K174.6 K118 K
Up
Slightly volatile

Houlihan Fundamental Market Drivers

Forward Price Earnings15.0602
Cash And Short Term Investments833.7 M

Houlihan Upcoming Events

Upcoming Quarterly Report27th of January 2022
Next Financial Report10th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End10th of May 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Houlihan Lokey Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Houlihan Lokey income statement, its balance sheet, and the statement of cash flows. Houlihan Lokey investors use historical funamental indicators, such as Houlihan Lokey's revenue or net income, to determine how well the company is positioned to perform in the future. Although Houlihan Lokey investors may use each financial statement separately, they are all related. The changes in Houlihan Lokey's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Houlihan Lokey's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Houlihan Lokey Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Houlihan Lokey. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Deferred Revenue33.1 M35.7 M
RevenuesB2.2 B
Revenue to Assets 0.71  0.65 
Revenue Per Employee905.2 K811.4 K

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Please check the analysis of Houlihan Lokey Correlation against competitors. You can also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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Is Houlihan Lokey's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Houlihan Lokey. If investors know Houlihan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Houlihan Lokey listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.65) 
Market Capitalization
6.9 B
Quarterly Revenue Growth
(0.49) 
Return On Assets
0.0909
Return On Equity
0.1692
The market value of Houlihan Lokey is measured differently than its book value, which is the value of Houlihan that is recorded on the company's balance sheet. Investors also form their own opinion of Houlihan Lokey's value that differs from its market value or its book value, called intrinsic value, which is Houlihan Lokey's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Houlihan Lokey's market value can be influenced by many factors that don't directly affect Houlihan Lokey's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Houlihan Lokey's value and its price as these two are different measures arrived at by different means. Investors typically determine Houlihan Lokey value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Houlihan Lokey's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.