← Hamilton Lane INC

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Net income $74.4m $106.3m $99.0m $126.8m $168.8m $247.3m $187.2m $227.2m $313.8m $387.7m
Net Income From Continuing Operations — — — — — — $187.2m $227.2m $313.8m $387.7m
Depreciation and amortization $1.9m $1.9m $3.0m $3.3m $4.1m $5.5m $7.4m $8.2m $9.3m $9.9m
Depreciation Amortization Depletion — — — — — — $7.4m $8.2m $9.3m $9.9m
Change in deferred income taxes $26k $23.0m $21.7m $7.9m $7.0m $23.9m $20.4m $16.7m $12.1m $28.4m
Deferred Income Tax — — — — — — $20.4m $16.7m $12.1m $28.4m
Deferred Tax — — — — — — $20.4m $16.7m $12.1m $28.4m
Asset Impairment Charge — — — — — $0 $43.3m $0 $0 —
Earnings (Loss)es From Equity Investments — — — — — — ($6.5m) ($36.5m) ($30.6m) ($53.4m)
Change in payable to related parties pursuant to tax receivable agreement $0 ($5.1m) ($9.8m) ($346k) $897k ($5.3m) ($3.3m) $318k $2.1m ($3.5m)
Equity-based compensation $4.7m $5.5m $6.4m $7.2m $7.1m $7.4m $9.9m $12.1m $31.4m $50.9m
Equity‑based consideration payable to customer — — — — — — — $0 $0 $281k
Equity in income of investees ($12.8m) ($17.1m) ($7.2m) ($20.2m) ($32.4m) ($78.8m) ($5.1m) ($1.6m) ($1.6m) ($1.5m)
Fair value adjustment of other investments — — — — ($6.2m) ($47.5m) ($20.7m) $333k ($10.1m) ($413k)
Proceeds received from Funds $10.8m $14.4m $14.1m $12.8m $784k $46.8m $16.0m $28.3m $47.2m $35.1m
Non-cash lease expense — — $0 $4.6m $7.4m $9.9m $7.5m $8.7m $9.0m $9.6m
Other ($611k) $0 ($383k) $418k $1.6m ($75k) ($2.8m) $706k $1.2m $2.9m
Fees receivable ($285k) ($2.6m) ($5.4m) ($10.0m) $1.2m ($22.7m) $4.7m ($61.2m) ($73.1m) $29.6m
Prepaid expenses ($1.0m) $299k ($2.4m) ($2.3m) $845k ($683k) ($3.0m) ($1.3m) ($185k) ($2.5m)
Due from related parties ($461k) $77k $608k $23k $110k $623k ($5.3m) ($528k) ($8.1m) ($7.6m)
Other assets ($610k) $16k ($1.6m) ($1.6m) ($549k) $20k ($6.7m) $15.3m $39k ($608k)
Accounts payable $725k $334k $919k ($654k) $205k $654k $1.7m ($54k) $964k $190k
Accrued compensation and benefits ($612k) $4.7m $4.5m ($987k) $18.6m ($9.3m) $4.1m $11.8m $12.6m $35.6m
Lease liability — — $0 ($5.0m) $3.1m ($3.3m) ($7.6m) ($8.6m) ($9.0m) ($9.5m)
Other liabilities $577k $840k $1.3m $556k $10.0m $12.3m ($13.2m) $2.5m $19.0m ($7.3m)
Cash relinquished from deconsolidation of fund — — — — — $0 $0 ($101.7m) ($12.2m) $0
Change in other assets and liabilities — — $0 $0 ($667k) $441k $5.8m ($426k) ($3.1m) $4.5m
Purchase of furniture, fixtures and equipment ($1.3m) ($2.3m) ($5.4m) ($2.0m) ($18.6m) ($8.5m) ($4.7m) ($11.1m) ($12.2m) ($5.8m)
Net proceeds from sale of Consolidated Fund — — — — — — — $0 $0 $22.1m
Proceeds from sale of intangible assets — — — — — $0 $0 $3.3m $2.1m $0
Distributions received from Funds $8.8m $16.1m $10.6m $7.7m $31.2m $15.0m $14.4m $14.1m $22.7m $12.0m
Contributions to Funds — — — — — ($73.2m) ($84.6m) ($57.7m) ($58.4m) ($96.7m)
Distributions received from investments — — — $0 $3.1m $12.7m $1.4m $0 $0 $23.4m
Cash from consolidating funds — — — — — — $0 $0 $12.1m $0
Proceeds from offering $0 $125.2m $193.5m $147.1m $473.3m $73.8m $43.7m $201.7m $248.4m $55.5m
Purchase of membership interests ($56.0m) $0 ($193.5m) ($147.1m) ($473.3m) ($73.8m) ($43.7m) ($201.7m) ($248.4m) ($55.5m)
Borrowings of debt, net of deferred financing costs $0 $85.1m $0 $74.8m $75.0m $25.0m $31.7m $0 $97.7m $0
Draw-down of revolver — $10.4m $0 $15.0m $15.0m $0 $40.0m $10.0m $0 $0
Repayment of revolver — $0 ($10.4m) ($15.0m) $0 ($15.0m) ($25.0m) ($25.0m) $0 $0
Proceeds received from issuance of shares under Employee Share Purchase Plan — $313k $264k $1.2m $1.4m $1.9m $1.9m $2.3m $2.8m $3.1m
Payments to related parties pursuant to the tax receivable agreement — $0 ($383k) ($2.0m) ($6.9m) ($23.2m) ($10.3m) ($11.1m) ($11.9m) ($12.0m)
Members’ distributions paid ($80.5m) ($36.9m) ($50.6m) ($47.4m) ($34.4m) ($47.7m) ($63.4m) ($43.9m) ($43.8m) ($54.1m)
Contributions from non-controlling interests in Consolidated Funds and Partnerships $532k $276k $81k $45k $252k $1.4m $725k $770k $461k $344.2m
Distributions to non-controlling interests in Consolidated Funds and Partnerships ($3.2m) ($5.4m) ($2.2m) ($993k) ($2.6m) ($588k) ($1.3m) ($138k) ($219k) ($588k)
Beginning Cash Position — — — — — — $76.2m $116.6m $119.6m $283.6m
Cash Flow From Continuing Financing Activities — — — — — — ($364.1m) $4.4m ($19.2m) $155.8m
Cash Flow From Continuing Investing Activities — — — — — — $177.9m ($122.2m) ($117.6m) ($494.8m)
Change In Account Payable — — — — — — $1.7m ($54k) $964k $190k
Change In Accrued Expense — — — — — — $4.1m $11.8m $12.6m $35.6m
Change In Other Current Assets — — — — — — ($6.7m) $15.3m $39k ($608k)
Change In Other Current Liabilities — — — — — — ($20.8m) ($6.1m) $10.0m ($16.8m)
Change In Other Working Capital — — — — — — $5.8m ($426k) ($3.1m) $4.5m
Change In Payable — — — — — — $1.7m ($54k) $964k $190k
Change In Payables And Accrued Expense — — — — — — $5.8m $11.7m $13.5m $35.8m
Change In Prepaid Assets — — — — — — ($3.0m) ($1.3m) ($185k) ($2.5m)
Change In Receivables — — — — — — ($584k) ($61.7m) ($81.2m) $22.0m
Change In Working Capital — — — — — — ($19.5m) ($42.4m) ($60.9m) $42.3m
Changes In Account Receivables — — — — — — $4.7m ($61.2m) ($73.1m) $29.6m
Changes In Cash — — — — — — $40.4m $3.1m $164.1m $85.9m
End Cash Position — — — — — — $116.6m $119.6m $283.6m $371.9m
Financing Cash Flow — — — — — — ($364.1m) $4.4m ($19.2m) $155.8m
Free Cash Flow — — — — — — $221.8m $109.8m $288.7m $419.1m
Gain Loss On Investment Securities — — — — — ($16.4m) ($15.1m) $288k ($654k) —
Gain Loss On Sale Of Business — — — — — $0 $0 ($101.7m) — —
Gain Loss On Sale Of PPE — — — — — $0 $2.8m $0 $0 —
Investing Cash Flow — — — — — — $177.9m ($122.2m) ($117.6m) ($494.8m)
Issuance Of Capital Stock — — — — — — $43.7m $201.7m $248.4m $55.5m
Net Business Purchase And Sale — — — — — — ($86.1m) ($57.7m) ($46.3m) ($74.6m)
Net Intangibles Purchase And Sale — — — — — — $0 $3.3m $2.1m $0
Net PPE Purchase And Sale — — — — — — ($4.7m) ($11.1m) ($12.2m) ($5.8m)
Operating Gains Losses — — — — — — ($18.9m) ($36.2m) ($31.3m) ($53.4m)
Other Non Cash Items — — — — — — $17.4m ($63.7m) $47.4m $44.0m
Proceeds From Stock Option Exercised — — — — — — $1.9m $2.3m $2.8m $3.1m
Purchase Of Business — — — — — — ($86.1m) ($57.7m) ($58.4m) ($96.7m)
Purchase Of Intangibles — — — — — $0 $0 — — —
Purchase Of PPE — — — — — — ($4.7m) ($11.1m) ($12.2m) ($5.8m)
Repurchase Of Capital Stock — — — — — — ($280.5m) ($3.5m) ($5.5m) ($24.6m)
Sale Of Business — — — — — — $0 $0 $12.1m $22.1m
Sale Of Intangibles — — — — — — $0 $3.3m $2.1m $0
Stock Based Compensation — — — — — — $9.9m $12.1m $31.4m $51.1m
Unrealized Gain Loss On Investment Securities — — — — — — ($20.7m) ($1.1m) ($21.0m) ($85.2m)
Net cash provided by operating activities $81.7m $96.7m $111.6m $116.4m $188.2m $169.5m $226.6m $120.9m $300.8m $424.9m
Purchase of investments and convertible notes — $0 $0 ($4.0m) ($90.5m) ($19.0m) ($37.0m) ($6.4m) ($11.7m) ($15.0m)
Net Investment Purchase And Sale — — — — — — $255.4m ($70.8m) ($83.9m) ($449.8m)
Purchase Of Investment — — — — — — ($37.0m) ($72.2m) ($90.8m) ($449.8m)
Net realized (gain) loss on sale of investments — — — ($5.0m) $0 ($11.9m) ($12.2m) $288k ($654k) $0
Proceeds from sale of investments $0 $0 $22.5m $6.4m $0 $12.6m $13.5m $1.3m $6.9m $0
Sale Of Investment — — — — — — $292.4m $1.3m $6.9m $0
Net Other Investing Changes — — — — — — ($2.5m) ($8.0m) ($1.0m) —
Net cash used in investing activities ($16.7m) ($21.8m) ($19.2m) ($49.9m) ($421.8m) ($70.5m) $177.9m ($122.2m) ($117.6m) ($494.8m)
Issuance Of Debt — — — — — — $71.7m $10.0m $97.7m $0
Long Term Debt Issuance — — — — — — $71.7m $10.0m $97.7m $0
Net Issuance Payments Of Debt — — — — — — $42.2m ($17.5m) $93.9m ($12.5m)
Net Long Term Debt Issuance — — — — — — $42.2m ($17.5m) $93.9m ($12.5m)
Net Short Term Debt Issuance — — — — — ($15.0m) $15.0m ($15.0m) — —
Short Term Debt Issuance — — — — — $0 $40.0m $10.0m — —
Repayments of long term debt ($162.6m) ($87.0m) ($13.3m) ($71.2m) ($1.4m) ($1.8m) ($4.5m) ($2.5m) ($3.8m) ($12.5m)
Long Term Debt Payments — — — — — — ($29.5m) ($27.5m) ($3.8m) ($12.5m)
Repayment Of Debt — — — — — — ($29.5m) ($27.5m) ($3.8m) ($12.5m)
Short Term Debt Payments — — — — — ($15.0m) ($25.0m) ($25.0m) — —
Common Stock Issuance — — — — — — $43.7m $201.7m $248.4m $55.5m
Net Common Stock Issuance — — — — — — ($236.8m) $198.2m $242.9m $30.9m
Repurchase of Class B common stock — ($2k) ($2k) ($2k) ($5k) ($1k) $0 ($2k) ($2k) ($20.0m)
Repurchase of Class A common stock for employee tax withholding ($2.2m) ($6.5m) ($5.4m) ($5.9m) ($6.0m) ($3.5m) ($2.3m) ($3.5m) ($5.5m) ($4.6m)
Common Stock Payments — — — — — — ($280.5m) ($3.5m) ($5.5m) ($24.6m)
Dividends paid $0 ($9.5m) ($18.7m) ($29.1m) ($39.7m) ($49.6m) ($72.4m) ($65.4m) ($76.0m) ($87.7m)
Cash Dividends Paid — — — — — — ($135.9m) ($109.3m) ($119.8m) ($141.8m)
Common Stock Dividend Paid — — — — — — ($135.9m) ($109.3m) ($119.8m) ($141.8m)
Dividends Received CFI — — — — — — $15.8m $14.1m $22.7m $35.5m
Net Other Financing Charges — — — — — — ($35.6m) ($69.2m) ($239.0m) $276.1m
Net cash provided by (used in) financing activities ($101.2m) ($59.7m) ($90.2m) ($64.7m) $270.7m ($113.2m) ($364.1m) $4.4m ($19.2m) $155.8m
Effect of exchange rate changes on cash and cash equivalents $0 $0 $8k ($144k) $130k $0 $0 $0 ($102k) $2.4m
Effect Of Exchange Rate Changes — — — — — — $0 $0 ($102k) $2.4m
Increase in cash and cash equivalents, restricted cash, and cash and cash equivalents held at Consolidated Funds and Partnerships ($36.2m) $15.2m $2.2m $1.6m $37.2m ($14.2m) $40.4m $3.1m $164.0m $88.3m
Cash and cash equivalents, restricted cash, and cash and cash equivalents held at Consolidated Funds and Partnerships at beginning of the year $34.1m $49.4m $51.6m $53.2m $90.4m $76.2m $116.6m $119.6m $283.6m $371.9m
Cash and cash equivalents — — $49.4m $50.1m $87.0m $72.2m $111.7m $114.6m $277.3m $363.9m
Restricted cash — — $2.2m $3.1m $3.0m $280.0m $4.8m $5.0m $6.3m $8.0m
Change In Cash Supplemental As Reported — — — — — — $40.4m $3.1m $164.0m $88.3m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.