Company: HLI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001302215-25-000111
Chunk: 4

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 — — — — 34,255 34,255 Balances – September 30, 202554,573,369 $55 15,564,859 $16 $759,693 $1,516,154 $(29,026)$2,246,892 

Class A Common StockClass B Common StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive LossTotal Stockholders' Equity(In thousands, except share data)Shares$Shares$$$$$Balances – April 1, 202452,348,511 $52 16,746,676 $17 $739,870 $1,163,419 $(66,608)$1,836,750 Shares issued96,904 — 1,248,217 1 22,232 — — 22,233 Stock compensation expense (Note 14)— — — — 75,131 — — 75,131 Dividends— — — — — (85,958)— (85,958)Conversion of Class B to Class A shares958,524 1 (958,524)(1)— — — — Shares issued to non-employee directors (Note 14)— — — — — — — — Other shares repurchased/forfeited— — (953,631)(1)(101,956)— — (101,957)Net income— — — — — 182,489 — 182,489 Other comprehensive income— — — — — — 28,399 28,399 Balances – September 30, 202453,403,939 $53 16,082,738 $16 $735,277 $1,259,950 $(38,209)$1,957,087 

See accompanying Notes to Consolidated Financial Statements4

HOULIHAN LOKEY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS 

(UNAUDITED)

Six Months Ended September 30,(In thousands) 20252024Cash flows from operating activities:Net income$209,314 $182,489 Adjustments to reconcile net income to net cash used in operating activities:Provision for bad debts