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Houlihan Lokey HLI Material Reconciling Items — Other Nonoperating Income Expense

Discontinued — last reported Q3 '16

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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:OtherNonoperatingIncomeExpense.

The official record: Houlihan Lokey’s 10-Q, filed February 11, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — other nonoperating income expense mean?
Miscellaneous non-operating financial items that are reconciled outside of the company's primary business segments.
How do you interpret material reconciling items — other nonoperating income expense?
Significant fluctuations in this metric suggest the presence of non-recurring or peripheral events that are not indicative of the firm's long-term operational trajectory.
How does material reconciling items — other nonoperating income expense compare across companies?
Comparable to 'Miscellaneous Non-Operating Items' or 'Other Reconciling Adjustments' reported by peers in the financial services sector to bridge segment results to consolidated GAAP figures.