Hamilton Lane Incorporated (HLNE)

Hamilton Lane Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	233.51	217.42	140.86	109.12	145.99	98.02
Depreciation & Amortization	9.7	9.29	8.19	7.44	5.5	4.13
Loss (Gain) From Sale of Assets	-	-	-	2.77	-	-
Loss (Gain) From Sale of Investments	-49.74	-21.65	-0.79	10.33	-59.42	-6.23
Loss (Gain) on Equity Investments	-45.69	-30.63	-36.49	-6.54	-79.3	-30.27
Stock-Based Compensation	49.91	31.41	12.13	9.95	7.4	7.08
Other Operating Activities	201.44	155.85	39.31	112.99	171.29	86.28
Change in Accounts Receivable	-36.19	-73.12	-61.15	4.73	-22.67	1.18
Change in Accounts Payable	-0.22	0.96	-0.05	1.73	0.65	0.21
Change in Unearned Revenue	-	-	-	-	-	-3.7
Change in Other Net Operating Assets	-1.48	11.3	18.85	-25.94	0.08	31.46
Operating Cash Flow	361.23	300.82	120.85	226.59	169.52	188.16
Operating Cash Flow Growth	27.53%	148.92%	-46.66%	33.66%	-9.90%	61.69%
Capital Expenditures	-7.54	-12.16	-11.07	-4.75	-8.53	-18.64
Cash Acquisitions	-	-	-	-1.5	-10.1	-
Sale (Purchase) of Intangibles	0.29	2.08	3.31	-	-	-1
Investment in Securities	-402.61	-118.6	-106.42	185.29	-64.6	-129.22
Other Investing Activities	15.21	11.1	-8	-1.13	12.74	-272.93
Investing Cash Flow	-394.65	-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)	-13.13	93.91	-17.5	42.19	8.09	88.59
Issuance of Common Stock	307.05	251.2	203.92	45.62	75.69	474.79
Repurchase of Common Stock	-5.92	-5.47	-3.51	-280.53	-3.49	-6.02
Common Dividends Paid	-135.62	-119.8	-109.28	-135.85	-97.34	-74.04
Other Financing Activities	-99.22	-239	-69.24	-35.57	-96.17	-212.65
Financing Cash Flow	53.17	-19.16	4.4	-364.15	-113.22	270.66
Foreign Exchange Rate Adjustments	0.92	-0.1	-	-	-	0.13
Net Cash Flow	20.67	163.99	3.07	40.36	-14.18	37.17
Free Cash Flow	353.68	288.66	109.78	221.84	161	169.52
Free Cash Flow Growth	29.59%	162.95%	-50.52%	37.79%	-5.03%	48.19%
Free Cash Flow Margin	46.33%	40.49%	19.82%	41.96%	43.76%	49.62%
Free Cash Flow Per Share	8.56	7.16	2.04	4.13	3.00	5.08
Cash Interest Paid	10.4	10.4	11.05	8.47	4.59	1.99
Cash Income Tax Paid	27.04	27.04	39.76	50.88	33.68	6.33
Levered Free Cash Flow	227.91	156.55	118.06	146.59	89.61	122.46
Unlevered Free Cash Flow	237.4	164.88	125.04	151.97	92.51	124.02
Change in Working Capital	-37.89	-60.86	-42.36	-19.47	-21.93	29.14

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q