← PJT Partners Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $164.8m $145.7m $238.5m $309.7m
Net Income (Loss) Attributable to Parent ($3.0m) ($32.6m) $27.2m $29.6m $117.5m $106.2m $90.5m $81.8m $134.4m $180.1m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $5.1m ($28.3m) $42.6m $63.8m $212.4m $190.0m $164.8m $145.7m $238.5m $309.7m
Net Income (Loss) Attributable to Noncontrolling Interest — $4.2m $15.4m $34.2m $94.9m $83.8m $74.2m $63.9m $104.1m $129.6m
Depreciation, Depletion and Amortization $14.0m $8.1m $10.0m $14.5m $15.1m $15.8m $15.5m $14.0m $12.8m $13.3m
Amortization of Intangible Assets $8.9m $2.4m $3.7m $7.7m $7.8m $7.6m $6.5m $4.9m $5.1m $5.6m
Depreciation $5.2m $5.7m $6.2m $6.8m $7.3m $8.0m $9.0m $9.1m $7.7m $7.8m
Depreciation Amortization Depletion — — — — — — $36.2m $36.7m $28.7m $31.2m
Deferred Income Tax Expense (Benefit) $2.3m $31.0m ($7.8m) $11.5m $6.9m $7.1m $1.8m ($1.9m) ($8.5m) ($3.2m)
Deferred Income Tax — — — — — — $1.8m ($1.9m) ($8.5m) ($3.2m)
Deferred Tax — — — — — — $1.8m ($1.9m) ($8.5m) ($3.2m)
Share-based Payment Arrangement, Noncash Expense $89.0m $115.9m $118.0m $111.6m $120.9m $108.9m $165.5m $178.5m $209.2m $234.3m
Payment, Tax Withholding, Share-based Payment Arrangement $266k $4.1m $22.4m $9.6m $12.7m $22.8m $17.8m $19.4m $37.5m $54.9m
Share-based Payment Arrangement, Expense $89.0m $115.9m $118.0m $111.6m $120.9m $108.9m $165.5m $178.5m $209.2m $234.3m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets, Finite-lived $0 $0 — — — — — — — —
Income Tax Expense (Benefit) $9.4m $38.4m ($1.0m) $18.4m $35.5m $29.5m $36.7m $31.9m $32.1m $33.2m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $64.9m ($41.2m) $36.6m $11.1m $4.9m $61.0m $32.5m ($51.9m) $55.9m $75.9m
Increase (Decrease) in Other Operating Assets $429k $8.7m $930k $17.6m $6.5m $3.1m $42.7m $33.5m ($11.0m) ($5.4m)
Foreign Currency Transaction Gain (Loss), before Tax — $1.5m ($770k) — — — — — — —
Gain (Loss) Related to Litigation Settlement $5.6m — — — — — — — — —
Goodwill $72.3m $72.3m $176.0m $172.7m $172.7m $172.7m $172.7m $172.7m $191.6m $191.6m
Beginning Cash Position — — — — — — $200.5m $173.2m $355.5m $483.9m
Cash Flow From Continuing Financing Activities — — — — — — ($210.0m) ($228.1m) ($408.7m) ($453.8m)
Cash Flow From Continuing Investing Activities — — — — — — ($53.2m) ($34.3m) $8.1m ($28.5m)
Change In Account Payable — — — — — — ($20.8m) ($28.2m) ($12.2m) ($1.6m)
Change In Accrued Expense — — — — — — ($35.3m) $88.2m $118.1m $36.0m
Change In Income Tax Payable — — — — — — $105k $3.0m $908k ($2.4m)
Change In Other Current Assets — — — — — — ($42.7m) ($33.5m) $11.0m $5.4m
Change In Other Current Liabilities — — — — — ($21.4m) ($22.5m) — — —
Change In Other Working Capital — — — — — — $55k ($2.8m) ($636k) ($2.7m)
Change In Payable — — — — — — ($20.7m) ($25.2m) ($11.3m) ($4.0m)
Change In Payables And Accrued Expense — — — — — — ($56.1m) $63.0m $106.9m $32.0m
Change In Receivables — — — — — — ($32.5m) $51.9m ($55.9m) ($75.9m)
Change In Tax Payable — — — — — — $105k $3.0m $908k ($2.4m)
Change In Working Capital — — — — — — ($131.2m) $78.6m $61.3m ($41.1m)
Changes In Account Receivables — — — — — — ($32.5m) $51.9m ($55.9m) ($75.9m)
Changes In Cash — — — — — — ($20.5m) $179.1m $130.3m $44.0m
End Cash Position — — — — — — $173.2m $355.5m $483.9m $538.9m
Financing Cash Flow — — — — — — ($210.0m) ($228.1m) ($408.7m) ($453.8m)
Free Cash Flow — — — — — — $239.3m $437.6m $527.7m $480.4m
Investing Cash Flow — — — — — — ($53.2m) ($34.3m) $8.1m ($28.5m)
Net Business Purchase And Sale — — — — — — $0 $0 ($10.7m) $0
Net PPE Purchase And Sale — — — — — — ($3.4m) ($3.9m) ($3.3m) ($45.9m)
Other Non Cash Items — — — — — — $2.8m ($935k) ($1.9m) ($3.9m)
Provisionand Write Offof Assets — — — — — — $2.8m $4.9m $3.7m ($797k)
Purchase Of Business — — — — — — $0 $0 ($10.7m) $0
Purchase Of PPE $13.1m $1.1m $7.2m $8.8m $8.9m $6.5m ($3.4m) ($3.9m) ($3.3m) ($45.9m)
Repurchase Of Capital Stock — — — — — — ($109.5m) ($116.7m) ($235.1m) ($195.2m)
Stock Based Compensation — — — — — — $165.5m $178.5m $209.2m $234.3m
Net Cash Provided by (Used in) Operating Activities $116.9m $111.2m $122.9m $211.4m $469.6m $124.2m $242.7m $441.5m $531.0m $526.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $13.1m $1.1m $7.2m $8.8m $8.9m $6.5m $3.4m $3.9m $3.3m $45.9m
Payments to Acquire Businesses, Net of Cash Acquired — — $61.5m — — — — — $10.7m $0
Payments to Acquire Investments — $57.2m $22.0m $11.3m $278.1m $97.6m $143.9m $328.8m $370.0m $182.4m
Net Investment Purchase And Sale — — — — — — ($49.8m) ($30.4m) $22.1m $17.3m
Purchase Of Investment — — — — — — ($143.9m) ($328.8m) ($370.0m) ($182.4m)
Sale Of Investment — — — — — — $94.1m $298.3m $392.1m $199.7m
Net Cash Provided by (Used in) Investing Activities — — ($31.5m) ($1.7m) ($145.8m) $131.3m ($53.2m) ($34.3m) $8.1m ($28.5m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $42.0m $15.0m $0 $0
Long Term Debt Issuance — — — — — — $42.0m $15.0m $0 $0
Net Issuance Payments Of Debt — — — — — — $0 $0 $0 $0
Net Long Term Debt Issuance — — — — — — $0 $0 $0 $0
Net Short Term Debt Issuance — — — — — $0 $0 $0 — —
Short Term Debt Issuance — — — — — $15.0m $42.0m $15.0m — —
Repayments of Long-term Debt — — — $8.5m $21.5m — — — — —
Long Term Debt Payments — — — — — — ($42.0m) ($15.0m) $0 $0
Repayment Of Debt — — — — — — ($42.0m) ($15.0m) $0 $0
Short Term Debt Payments — — — — — ($15.0m) ($42.0m) ($15.0m) — —
Net Common Stock Issuance — — — — — — ($109.5m) ($116.7m) ($235.1m) ($195.2m)
Payments for Repurchase of Common Stock — $2.3m $64.9m $47.8m $48.7m $103.3m $109.5m $116.7m $235.1m $195.2m
Common Stock Payments — — — — — — ($109.5m) ($116.7m) ($235.1m) ($195.2m)
Dividends paid $4 $4 $4 $5 $5 $78 $25 $24 $24 $25
Payments of Dividends $4 $4 $4 $5 $5 $78 $25 $24 $24 $25
Cash Dividends Paid — — — — — — ($24.6m) ($24.4m) ($24.1m) ($24.5m)
Common Stock Dividend Paid — — — — — — ($24.6m) ($24.4m) ($24.1m) ($24.5m)
Net Other Financing Charges — — — — — — ($75.9m) ($86.9m) ($149.4m) ($234.0m)
Net Cash Provided by (Used in) Financing Activities — — ($130.7m) ($101.3m) ($244.4m) ($353.4m) ($210.0m) ($228.1m) ($408.7m) ($453.8m)
Effect Of Exchange Rate Changes — — — — — — ($6.7m) $3.2m ($2.0m) $11.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($39.5m) $109.8m $83.6m ($99.0m) ($27.2m) $182.3m $128.3m $55.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($27.2m) $182.3m $128.3m $55.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $368k $1.4m $116k $10k $133k $20k $0 $0
Income Taxes Paid, Net $6.8m $15.1m $501k $3.8m $36.2m $30.9m $28.6m $23.3m $36.1m $44.4m

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