What does corporate non — contracts revenue mean?

Revenue recognized at the corporate level that is not derived from the firm's core business segments.

How do you interpret corporate non — contracts revenue?

An increase indicates higher non-core income, which may be volatile or one-time in nature, whereas a decrease reflects a focus on core segment revenue generation.

How does corporate non — contracts revenue compare across companies?

Peers often categorize this as 'Other Revenue' or 'Corporate Revenue,' which is typically immaterial compared to core advisory fees.

Houlihan Lokey HLI Corporate Non — Contracts Revenue

Discontinued — last reported Q4 '16

Similar metrics at other companies

LDOSCorporate Non — Revenue

$0-100%

CLHCorporate Non — Revenue

$0—

CLHCorporate And Other — Revenue

-$1.15M-50.7%

EQHCorporate Non — Revenue

$288M-15.3%

GTLSCorporate Non — Revenue

$0—

IPCorporate Non — Net Revenue

-$76M-322%

Other financials

Income statement

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Revenue$635.6M-4.6%

Gross profit$230.7M+15.9%

Operating income$125.1M-11.3%

Net income$99.8M-18.1%

EPS (diluted)$1.48-16.4%

Balance sheet

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Cash & equivalents$1.2B+22.5%

Total debt$492.1M+12.3%

Total assets$4.3B+12.8%

Cash flow

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Operating cash flow$293.0M-18.2%

CapEx$6.3M-56.8%

Free cash flow$286.8M-16.6%

Valuation

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Market cap$9.72B-11.5%

Enterprise value$9.02B-13.6%

P/E22.8×-4.7×

P/S3.7×-0.9×

Profitability

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Gross margin32.8%+1.4pp

Operating margin20.1%-0.9pp

Net margin16.3%-0.5pp

FCF margin26%-7.8pp

Returns & leverage

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Return on equity9.5%—

Where this comes from

Reported directly by Houlihan Lokey in its filing.

Tagged under the XBRL concept us-gaap:ContractsRevenue.

The official record: Houlihan Lokey’s 10-K, filed June 23, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate non — contracts revenue mean?: Revenue recognized at the corporate level that is not derived from the firm's core business segments.
How do you interpret corporate non — contracts revenue?: An increase indicates higher non-core income, which may be volatile or one-time in nature, whereas a decrease reflects a focus on core segment revenue generation.
How does corporate non — contracts revenue compare across companies?: Peers often categorize this as 'Other Revenue' or 'Corporate Revenue,' which is typically immaterial compared to core advisory fees.