Houlihan Lokey, Inc. (HLI)

Houlihan Lokey Cash Flow Statement

Financials in millions USD. Fiscal year is April - March.

Year	2023	2022	2021	2020	2019
Net Income	280.3	254.22	437.75	312.77	183.79
Depreciation & Amortization	61.44	84.83	80.05	37.98	41.95
Share-Based Compensation	166.6	156.94	91.88	62.42	64.35
Other Operating Activities	-179.88	-359.72	126.93	166.66	-2.41
Operating Cash Flow	328.46	136.27	736.6	579.84	287.67
Operating Cash Flow Growth	141.03%	-81.50%	27.04%	101.56%	28.27%
Capital Expenditures	-66.73	-50.73	-8.68	-14.15	-20.72
Acquisitions	-3.86	-20.43	-361	-12.47	-2.2
Change in Investments	0.18	68.15	95.76	-73.13	-10.06
Other Investing Activities	-	-	-	-	-0.17
Investing Cash Flow	-70.41	-3	-273.91	-99.75	-33.14
Dividends Paid	-148.45	-140.38	-114.81	-92.01	-80.66
Share Issuance / Repurchase	-24.95	-48.66	-304.79	86.84	-29.64
Debt Issued / Paid	0	-3.03	-0.28	-4.18	-10.74
Other Financing Activities	-77.18	-48.39	-39.18	-17.48	-31.11
Financing Cash Flow	-250.59	-240.46	-459.06	-26.82	-152.14
Exchange Rate Effect	-0.43	-12.07	-16.78	13.21	-7.76
Net Cash Flow	7.04	-119.26	-13.15	466.48	94.63
Free Cash Flow	261.73	85.54	727.92	565.69	266.95
Free Cash Flow Growth	205.96%	-88.25%	28.68%	111.91%	22.71%
Free Cash Flow Margin	13.67%	4.73%	32.07%	37.08%	23.03%
Free Cash Flow Per Share	4.07	1.35	11.20	8.60	4.29

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).