Hamilton Lane Incorporated (HLNE) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 129.37M | 74.11M | 121.17M | 128.93M | 39.28M | 64.39M | 117.4M | 79.74M | 21.71M | -36.43M | 77.6M | 79.74M | 13.22M | 57.52M | 94.9M | 60.95M | 32.67M | 68.59M | 51.53M | 32.39M |
| Operating CF Margin % | 66.83% | 37.32% | 63.48% | 73.27% | 19.84% | 38.27% | 78.27% | 40.53% | 12.9% | -24.29% | 39.44% | 63.78% | 11.72% | 45.26% | 61.87% | 44.98% | 32.38% | 74.79% | 53.5% | 41% |
| Operating CF Growth % | 229.33% | 15.09% | 3.21% | 61.68% | 80.92% | 276.77% | 51.3% | 0% | 64.26% | -163.34% | -18.24% | 30.83% | -59.54% | -16.14% | 84.15% | 88.19% | -40.46% | 17.94% | 22.18% | -31.75% |
| Net Income | 81.53M | 125.51M | 70.89M | 77.07M | 73.31M | 77.45M | 54.98M | 87.09M | 48.36M | 34.53M | 64.51M | 87.09M | 51.44M | 21.88M | 57.74M | 56.13M | 14.42M | 80.19M | 84.82M | 44.68M |
| Depreciation & Amortization | 2.4M | 2.43M | 2.52M | 2.53M | 2.22M | 2.38M | 2.37M | 2.31M | 2.41M | 2.04M | 1.86M | 2.31M | 1.84M | 2.02M | 1.81M | 1.76M | 4.59M | 1.29M | 1.07M | 1.38M |
| Stock-Based Compensation | 298K | 25.38M | 0 | 12.8M | 11.73M | 11.79M | 4.67M | 3.22M | 2.91M | 3.26M | 3.12M | 3.22M | 3.13M | 2.83M | 2.08M | 1.9M | 0 | 1.71M | 1.65M | 2.34M |
| Deferred Taxes | -6.21M | 19.54M | 0 | 6.55M | 5.2M | 2.19M | 2.11M | 2.59M | 8.71M | 3.87M | -533K | 2.59M | 5.54M | 7.05M | 8.88M | -1.04M | 0 | 3.61M | 8.37M | 7.96M |
| Other Non-Cash Items | 43.64M | -77.12M | 27.61M | -5.47M | 9.75M | 2.69M | 20.86M | -10.69M | -79.33M | -90.08M | 2.02M | -10.39M | -7.39M | 34.95M | 1.9M | -1.67M | 30.15M | -21.55M | -41.68M | -15.85M |
| Working Capital Changes | 7.7M | -21.63M | 20.16M | 35.45M | -62.92M | -32.11M | 32.41M | -5.08M | 38.66M | 9.95M | 6.62M | -5.08M | -41.34M | -11.23M | 22.48M | 3.88M | -16.49M | 3.33M | -2.7M | -8.13M |
| Change in Receivables | 31.47M | -43.65M | 14.67M | 19.47M | -40.67M | -44.98M | 43.32M | -38.86M | -38.72M | -5.95M | 4.07M | -38.86M | 5.53M | -4.58M | -6.21M | 4.98M | -4.64M | -5.37M | -12.03M | 291K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11.15M | 0 | 0 | 0 | 0 | 0 | 0 | -316K | 0 | 0 |
| Change in Payables | 630K | -1.05M | -428K | 1.04M | 219K | -1.18M | 1.75M | 178K | 1.19M | -229K | -2.03M | 178K | 2.52M | 103K | -1.63M | 743K | 637K | 1.07M | -2.02M | 976K |
| Cash from Investing | -394.02M | -117.1M | -54.97M | -93.81M | -49.63M | -42.91M | -27.17M | 2.13M | -28.19M | -8.99M | -45.29M | 2.13M | -23.65M | 262.23M | -4.21M | -56.45M | -30.11M | -36.05M | -15.18M | -4.43M |
| Capital Expenditures | -3.77M | 2.43M | -1.09M | -1.34M | -3.44M | -5.63M | -1.57M | -1.51M | -1.61M | -3.19M | -2.89M | -1.51M | -1.49M | -771K | -783K | -1.71M | -738K | -1.1M | -2.15M | -4.54M |
| CapEx % of Revenue | 1.95% | 1.22% | 0.57% | 0.76% | 1.74% | 3.35% | 1.05% | 0.77% | 0.96% | 2.12% | 1.47% | 1.2% | 1.32% | 0.61% | 0.51% | 1.26% | 0.73% | 1.2% | 2.23% | 5.74% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 1.3B | 1.17B | 1.04B | 862.53M | 761.05M | 716.45M | 669.06M | 649.47M | 632.27M | 603.63M | 676.8M | 634.34M | 587.97M | 551.69M | 568.11M | 567.04M | 513.83M | 491.61M | 440.13M | 383.93M |
| Other Investing | -303.45M | 58.87M | -19.07M | 2.35M | 5.51M | 4.31M | -570K | 4.73M | 161.82M | 16.61M | -94.37M | 9.23M | -1.55M | 4.75M | 7.88M | 2.23M | 0 | 15.69M | 7.67M | 26.02M |
| Cash from Financing | 287.17M | 56.71M | -54.96M | 3.26M | -33.26M | 73M | -28.48M | -30.42M | -43.34M | -19.92M | 72.5M | -30.42M | -26.11M | -292.01M | -52.52M | 6.5M | -8.7M | -39.77M | -23.03M | -42.09M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -22.43M | 229K | -79K | -7K | -3.71M | 690K | -391K | -527K | -2.65M | 423K | 531K | -527K | 41.52M | -278.27M | -93K | 0 | -2.4M | -1K | 73.3M | -68K |
| Dividends Paid | -33.18M | -32.89M | -39.51M | -36.26M | -26.96M | -24.74M | -33.69M | -34.41M | -28.85M | -20M | -26.96M | -34.41M | -47.48M | -18.56M | -26.39M | -43.43M | -23.16M | -24.38M | -22.79M | -27.01M |
| Share Repurchases | -78.65M | -595K | -835K | -7K | -252.88M | -72K | -391K | -527K | -3.24M | -161K | 0 | -527K | -2.16M | -278.27M | -93K | 0 | -2.88M | -1K | -537K | -68K |
| Other Financing | 344.03M | 95.62M | -12.24M | 41.4M | -715K | 24K | 6.22M | 5.15M | -11.22M | 281K | 99.55M | 5.15M | -34.53M | -149K | 662K | 385K | 17.32M | -14.93M | -73.08M | 460K |
| Net Change in Cash | 23.92M | 13.63M | 12.21M | 38.53M | -43.71M | 94.49M | 61.75M | 51.46M | -49.82M | -65.34M | 104.81M | 51.46M | -36.54M | 27.74M | 38.16M | 10.99M | -6.14M | -7.23M | 13.32M | -14.13M |
| Free Cash Flow | 101.47M | 72.45M | 120.09M | 127.59M | 35.84M | 58.76M | 115.83M | 78.24M | 20.1M | -39.62M | 74.7M | 78.24M | 11.73M | 56.75M | 94.12M | 59.24M | 31.93M | 67.48M | 49.38M | 27.85M |
| FCF Margin % | 52.42% | 36.48% | 62.91% | 72.51% | 18.1% | 34.92% | 77.22% | 39.77% | 11.95% | -26.41% | 37.97% | 62.57% | 10.4% | 44.66% | 61.36% | 43.72% | 31.65% | 73.59% | 51.27% | 35.26% |
| FCF Growth % | 183.15% | 23.29% | 3.68% | 63.08% | 78.28% | 248.33% | 55.05% | 0% | 71.34% | -169.81% | -20.63% | 32.06% | -63.26% | -15.91% | 90.58% | 112.7% | -28.7% | 32.98% | 20.37% | -40.04% |
| FCF per Share | 1.86 | 1.33 | 2.20 | 2.34 | 0.87 | 1.08 | 2.14 | 1.45 | 0.37 | -0.73 | 1.38 | 1.45 | 0.22 | 1.06 | 1.75 | 1.10 | 0.59 | 1.26 | 1.36 | 0.77 |
| FCF Conversion (FCF/Net Income) | 1.95x | 1.27x | 1.71x | 2.40x | 0.78x | 1.22x | 2.14x | 1.35x | 0.41x | -0.66x | 1.32x | 2.57x | 0.43x | 5.95x | 2.72x | 1.82x | 2.36x | 1.32x | 0.99x | 1.15x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |