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Houlihan Lokey, Inc. (HLI) SEC Filing 10-K Annual report for the fiscal year ending Thursday, March 31, 2016

Houlihan Lokey, Inc.

CIK: 1302215 Ticker: HLI

Houlihan Lokey Reports Fiscal Year and Fourth Quarter 2016 Financial Results

Fiscal Year 2016 Record Revenue of $694 Million, up 2% Year-Over-Year

GAAP Fiscal Year 2016 Diluted EPS of $1.10 and
Adjusted Fiscal Year 2016 Diluted EPS of $1.46

Fourth Quarter Revenue of $184 Million

GAAP Fourth Quarter Diluted EPS of $0.35 and
Adjusted Fourth Quarter Diluted EPS of $0.43

Increased Dividend by 13% to $0.17 per-Share for the First Quarter of Fiscal Year 2017



LOS ANGELES and NEW YORK - May 18, 2016 - Houlihan Lokey, Inc. (NYSE: HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its fiscal year and fourth quarter ended March 31, 2016. For the fiscal year ended March 31, 2016, total revenue was a record $694 million, an increase of 2% as compared with $681 million for the fiscal year ended March 31, 2015. Total revenue for the fourth quarter was $184 million as compared with $186 million for the fourth quarter of last year.
On a GAAP basis, net income was $70 million, or $1.10 per diluted share, for fiscal year 2016, compared with $80 million, or $1.33 per diluted share, in the prior year. GAAP net income was $23 million, or $0.35 per diluted share, for the quarter ended March 31, 2016, compared with $25 million, or $0.41 per diluted share, in the fourth quarter of the prior year.
Adjusted net income increased 15% to $93 million, or $1.46 per diluted share, for fiscal year 2016, compared with $81 million, or $1.35 per diluted share, in the prior year. Adjusted net income for the fourth quarter increased 12% to $28 million, or $0.43 per diluted share, compared with $25 million, or $0.41 per diluted share, in the prior year period.
“Fiscal 2016 was another record year at Houlihan Lokey with all three of our product lines contributing solid results. As a result of a record number of mandates in corporate finance, a more attractive financial restructuring market relative to prior years and a meaningful expansion of our financial staff, we remain confident that we are well positioned to grow our business and deliver enhanced results in our ongoing efforts to build shareholder value,” stated Scott Beiser, Chief Executive Officer of Houlihan Lokey.



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The following information was filed by Houlihan Lokey, Inc. (HLI) on Thursday, May 19, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Allowance For Uncollectible Accounts Receivable
Allowance For Uncollectible Accounts Receivable (details)
Allowance For Uncollectible Accounts Receivable (tables)
Background
Background (details)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Future Minimum Annual Noncancelable Rental Commitments (details)
Commitments And Contingencies - Narrative (details)
Commitments And Contingencies - Schedule Of Loan Payments (details)
Consolidated Quarterly Results Of Operations (unaudited)
Consolidated Quarterly Results Of Operations (unaudited) (details)
Consolidated Quarterly Results Of Operations (unaudited) (tables)
Employee Benefit Plans
Employee Benefit Plans (tables)
Employee Benefit Plans - Activity In Equity Classified Share Awards (details)
Employee Benefit Plans - Activity In Liability Classified Shares (details)
Employee Benefit Plans - Defined Contribution Plans (details)
Employee Benefit Plans - Share-based Incentive Plans Narrative (details)
Fair Value Of Financial Instruments
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Finite-lived Intangible Assets, Additional Information (details)
Goodwill And Other Intangible Assets - Finite-lived Intangible Assets, Amortization Expense, Fiscal Year Maturity (details)
Goodwill And Other Intangible Assets - Goodwill By Business Segments (details)
Goodwill And Other Intangible Assets - Schedule Of Goodwill And Other Intangible Assets (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Deferred Income Taxes (details)
Income Taxes - Effective Income Tax Rate Reconciliation (details)
Income Taxes - Narrative (details)
Income Taxes - Provision (benefit) For Income Taxes On Operations (details)
Income Taxes - Reconciliation Of Unrecognized Tax Benefits (details)
Loans Payable
Loans Payable (details)
Other Comprehensive Income (loss) And Accumulated Other Comprehensive Loss
Other Comprehensive Income (loss) And Accumulated Other Comprehensive Loss (details)
Other Comprehensive Income (loss) And Accumulated Other Comprehensive Loss (tables)
Property And Equipment
Property And Equipment (details)
Property And Equipment (tables)
Related???party Transactions
Related???party Transactions (details)
Segment And Geographical Information
Segment And Geographical Information (tables)
Segment And Geographical Information - Revenue And Assets By Geographical Areas (details)
Segment And Geographical Information - Revenue And Assets By Segment (details)
Stockholders' Equity
Stockholders' Equity (details)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)

Material Contracts, Statements, Certifications & more

Houlihan Lokey, Inc. provided additional information to their SEC Filing as exhibits

Ticker: HLI
CIK: 1302215
Form Type: 10-K Annual Report
Accession Number: 0001302215-16-000050
Submitted to the SEC: Thu Jun 23 2016 3:12:24 PM EST
Accepted by the SEC: Thu Jun 23 2016
Period: Thursday, March 31, 2016
Industry: Investment Advice

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