Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 0

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
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Item 1.    Financial Statements

HOULIHAN LOKEY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS 

(UNAUDITED)

(In thousands, except share data and par value)June 30, 2025March 31, 2025AssetsCash and cash equivalents$793,823 $971,007 Restricted cash4,573 4,572 Investment securities72,878 195,624 Accounts receivable, net of allowance for credit losses of $13,061 and $13,843, respectively218,177 257,326 Unbilled work in progress, net of allowance for credit losses of $8,931 and $6,764, respectively180,818 157,760 Income taxes receivable2,458 — Deferred income taxes96,289 92,776 Property and equipment, net150,619 149,350 Operating lease right-of-use assets364,207 362,669 Goodwill1,295,128 1,284,589 Other intangible assets, net203,624 212,670 Other assets135,209 131,365 Total assets$3,517,803 $3,819,708 Liabilities and stockholders' equityLiabilities:Accrued salaries and bonuses$640,460 $936,619 Accounts payable and accrued expenses105,597 137,228 Deferred income51,496 48,215 Income taxes payable— 6,396 Deferred income taxes8,997 8,784 Operating lease liabilities440,380 438,185 Other liabilities93,057 69,404 Total liabilities1,339,987 1,644,831 Commitments and contingencies (Note 17)Stockholders' equity:Class A common stock, $0.001 par value. Authorized 1,000,000,000 shares; issued and outstanding 54,330,177 and 53,822,189 shares, respectively54 54 Class B common stock, $0.001 par value. Authorized 1,000,000,000 shares; issued and outstanding 16,004,974 and 16,021,106 shares, respectively16 16 Additional paid-in capital743,715 843,350 Retained earnings1,448,993 1,394,738 Accumulated other comprehensive loss(14,962)(