Hamilton Lane Incorporated (HLNE)

Hamilton Lane Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	217.42	140.86	109.12	145.99	98.02
Depreciation & Amortization	9.29	8.19	7.44	5.5	4.13
Loss (Gain) From Sale of Assets	-	-	2.77	-	-
Loss (Gain) From Sale of Investments	-21.65	-0.79	10.33	-59.42	-6.23
Loss (Gain) on Equity Investments	-30.63	-36.49	-6.54	-79.3	-30.27
Stock-Based Compensation	31.41	12.13	9.95	7.4	7.08
Other Operating Activities	155.85	39.31	112.99	171.29	86.28
Change in Accounts Receivable	-73.12	-61.15	4.73	-22.67	1.18
Change in Accounts Payable	0.96	-0.05	1.73	0.65	0.21
Change in Unearned Revenue	-	-	-	-	-3.7
Change in Other Net Operating Assets	11.3	18.85	-25.94	0.08	31.46
Operating Cash Flow	300.82	120.85	226.59	169.52	188.16
Operating Cash Flow Growth	148.92%	-46.66%	33.66%	-9.90%	61.69%
Capital Expenditures	-12.16	-11.07	-4.75	-8.53	-18.64
Cash Acquisitions	-	-	-1.5	-10.1	-
Sale (Purchase) of Intangibles	2.08	3.31	-	-	-1
Investment in Securities	-118.6	-106.42	185.29	-64.6	-129.22
Other Investing Activities	11.1	-8	-1.13	12.74	-272.93
Investing Cash Flow	-117.58	-122.18	177.91	-70.49	-421.78
Long-Term Debt Issued	97.66	10	71.68	24.93	90
Long-Term Debt Repaid	-3.75	-27.5	-29.5	-16.84	-1.41
Net Debt Issued (Repaid)	93.91	-17.5	42.19	8.09	88.59
Issuance of Common Stock	251.2	203.92	45.62	75.69	474.79
Repurchase of Common Stock	-5.47	-3.51	-280.53	-3.49	-6.02
Common Dividends Paid	-119.8	-109.28	-135.85	-97.34	-74.04
Other Financing Activities	-239	-69.24	-35.57	-96.17	-212.65
Financing Cash Flow	-19.16	4.4	-364.15	-113.22	270.66
Foreign Exchange Rate Adjustments	-0.1	-	-	-	0.13
Net Cash Flow	163.99	3.07	40.36	-14.18	37.17
Free Cash Flow	288.66	109.78	221.84	161	169.52
Free Cash Flow Growth	162.95%	-50.52%	37.79%	-5.03%	48.19%
Free Cash Flow Margin	40.49%	19.82%	41.96%	43.76%	49.62%
Free Cash Flow Per Share	7.16	2.04	4.13	3.00	5.08
Cash Interest Paid	10.4	11.05	8.47	4.59	1.99
Cash Income Tax Paid	27.04	39.76	50.88	33.68	6.33
Levered Free Cash Flow	156.55	118.06	146.59	89.61	122.46
Unlevered Free Cash Flow	164.88	125.04	151.97	92.51	124.02
Change in Net Working Capital	63.58	41.15	10.7	17.84	-35.12

Updated May 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q