Company: HLI
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001302215-25-000024
Chunk: 102

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-05-15
Form: 10-K
Item: Item 9
Chunk 102
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39,234 (15,289)(83,609)Net cash provided by operating activities848,609 328,458 136,273 Cash flows from investing activities:Purchases of investment securities(250,476)(11,278)(19,230)Sales or maturities of investment securities94,305 11,458 87,384 Acquisition of businesses, net of cash acquired(69,188)(3,856)(20,427)Purchase of property and equipment, net(39,699)(66,730)(50,731)Net cash used in investing activities(265,058)(70,406)(3,004)Cash flows from financing activities:Dividends paid(165,217)(148,454)(140,384)Share repurchases(52,514)(24,952)(48,659)Payments to settle employee tax obligations on share-based awards(102,343)(70,713)(42,283)Earnouts paid(9,706)(7,053)(6,679)Loans payable to former shareholders redeemed— — (539)Repayments of loans to non-affiliates— — (2,488)Other financing activities710 587 570 Net cash used in financing activities(329,070)(250,585)(240,462)Effects of exchange rate changes on cash and cash equivalents(756)(425)(12,065)Net increase/(decrease) in cash, cash equivalents, and restricted cash253,725 7,042 (119,258)Cash, cash equivalents and restricted cash – beginning of period721,854 714,812 834,070 Cash, cash equivalents and restricted cash – end of period$975,579 $721,854 $714,812 Supplemental disclosures of non-cash activities:Shares issued via vesting of liability classified awards$5,953 $5,176 $5,955 Promissory note issued as consideration for acquisition351 14,500 — Shares issued as consideration for acquisition84,995 19,343 7,238 Cash acquired through acquisitions$3,836 $224 $11,933 Cash paid during the year:Interest$1,363 $579 $5,904 Taxes, net of refunds93,312 105,056 156,786 Regulatory fines and penalties— 15,000 — 

See accompanying Notes to Consolid