Houlihan Lokey Cash Flow Statement
HLI / Financials|14 years of annual SEC 10-K data (FY2013-FY2026)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 14 fiscal years. All figures from audited SEC 10-K filings.
Houlihan Lokey generated $328M in operating cash flow and $262M in free cash flow in FY2026. Free cash flow margin was 13.7% of revenue.
Based on SEC 10-K filings.
| Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $280.3M | - | $399.7M | $280.3M | $183.8M | $437.8M | $312.8M | $183.8M | $159.1M | $172.3M | $108.3M | $69.7M | $79.9M | $61.3M |
| Depreciation & Amortization | $28.5M | - | $41.3M | $28.5M | $17.3M | $48.5M | $15.2M | $17.3M | $14.5M | $7.9M | $8.9M | $7.5M | $5.5M | $6.0M |
| Operating Cash Flow | $328.5M | - | $848.6M | $328.5M | $287.7M | $736.6M | $579.8M | $287.7M | $224.3M | $250.6M | $252.0M | $11.7M | $196.5M | $165.0M |
| Capital Expenditures | $66.7M | - | $39.7M | $66.7M | $20.7M | $8.7M | $14.1M | $20.7M | $6.7M | $7.7M | $14.4M | $9.4M | $4.7M | $2.2M |
| Free Cash Flow | $261.7M | - | $808.9M | $261.7M | $266.9M | $727.9M | $565.7M | $266.9M | $217.5M | $242.9M | $237.6M | $2.3M | $191.8M | $162.8M |
| Share Buybacks | $25.0M | - | $52.5M | $25.0M | $29.6M | $304.8M | $102.2M | $29.6M | $69.6M | $18.1M | $0 | $0 | - | - |
| Dividends Paid | $148.5M | - | $165.2M | $148.5M | $80.7M | $114.8M | $92.0M | $80.7M | $66.9M | $52.1M | $55.3M | $114.3M | $2.2M | $1.1M |
| FCF Margin | 13.7% | - | 33.9% | 13.7% | 23.0% | 32.1% | 37.1% | 23.0% | 20.1% | - | - | - | - | - |