Company: HLI
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001302215-25-000024
Chunk: 4

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-05-15
Form: 10-K
Item: Item 8
Chunk 4
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 Accounts receivable, net of allowance for credit losses of $13,843 and $8,767, respectively257,326 199,630 Unbilled work in progress, net of allowance for credit losses of $6,764 and $6,132, respectively157,760 192,012 Income taxes receivable— 32,856 Deferred income taxes92,776 90,064 Property and equipment, net149,350 136,701 Operating lease right-of-use assets362,669 344,024 Goodwill1,284,589 1,127,497 Other intangible assets, net212,670 197,439 Other assets131,365 90,677 Total assets$3,819,708 $3,170,759 Liabilities and stockholders' equityLiabilities:Accrued salaries and bonuses$936,619 $726,031 Accounts payable and accrued expenses137,228 114,171 Deferred income48,215 33,139 Income taxes payable6,396 — Deferred income taxes8,784 7,505 Operating lease liabilities438,185 415,412 Other liabilities69,404 37,751 Total liabilities1,644,831 1,334,009 Commitments and contingencies (Note 17)Stockholders' equity:Class A common stock, $0.001 par value. Authorized 1,000,000,000 shares; issued and outstanding 53,822,189 and 52,348,511 shares, respectively54 52 Class B common stock, $0.001 par value. Authorized 1,000,000,000 shares; issued and outstanding 16,021,106 and 16,746,676 shares, respectively16 17 Additional paid-in capital843,350 739,870 Retained earnings1,394,738 1,163,419 Accumulated other comprehensive loss(63,281)(66,608)Total stockholders' equity2,174,877 1,836,750 Total liabilities and stockholders' equity$3,819,708 $3,170,759 

See accompanying Notes to Consolidated Financial Statements43

Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Year Ended March 31,(In thousands, except share and