HSII · As filed with the SEC

Heidrick & Struggles International balance sheet, by fiscal year

The statement as Heidrick & Struggles International presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Consolidated Balance Sheets · USD thousands, except per-share amounts; shares in thousands

USD thousands, except per-share amounts; shares in thousands	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017
Current assets
Cash and cash equivalents	515,627	412,618	355,447	545,225	316,473	271,719	279,906	207,534
Marketable securities	—	—	—	—	—	61,153	—	—
Marketable securities	47,896	65,538	266,169	0	19,999	—	—	—
Accounts Receivable, Allowance for Credit Loss, Current	—	—	—	5.67	—	—	—	—
Accounts receivable, net of allowances of $7,296 and $6,954, respectively	134,331	133,128	126,437	133,750	88,123	109,163	114,977	98,700
Prepaid expenses	—	—	—	—	—	20,185	22,766	22,003
Prepaid expenses	28,718	23,597	24,098	21,754	18,956	—	—	—
Other current assets	39,935	47,923	40,722	41,449	23,279	27,848	29,598	11,620
Income taxes recoverable	—	—	—	—	—	4,414	3,620	3,933
Income taxes recoverable	6,470	10,410	10,946	3,210	5,856	—	—	—
Total current assets	772,977	693,214	823,819	745,388	472,686	494,482	450,867	343,790
Non-current assets
Property and equipment, net	51,685	35,752	30,207	27,085	23,492	28,650	33,871	39,514
Assets designated for retirement and pension plans	—	—	—	—	—	—	15,035	17,130
Investments	—	—	—	—	—	—	19,442	21,319
Operating lease right-of-use assets	83,518	86,063	71,457	72,320	92,671	99,391	—	—
Assets designated for retirement and pension plans	—	—	—	—	—	13,978	—	—
Assets designated for retirement and pension plans	9,976	11,105	11,332	12,715	14,425	—	—	—
Investments	58,290	47,287	34,354	36,051	31,369	25,409	—	—
Other non-current assets	25,500	17,071	25,788	23,377	24,439	20,434	22,276	8,999
Goodwill	137,861	202,252	138,361	138,524	91,643	126,831	122,092	118,892
Other intangible assets, net	—	—	—	—	—	1,935	2,216	2,158
Deferred income taxes	—	—	—	—	—	33,063	34,830	35,402
Other intangible assets, net	12,483	20,842	6,333	9,169	1,129	—	—	—
Deferred income taxes, net	41,898	28,005	33,987	42,169	35,958	—	—	—
Total non-current assets	421,211	448,377	351,819	361,410	315,126	349,691	249,762	243,414
Total assets	1,194,188	1,141,591	1,175,638	1,106,798	787,812	844,173	700,629	587,204
Current liabilities
Accounts payable	25,088	20,837	14,613	20,374	8,799	8,633	9,166	9,824
Accrued salaries and benefits	353,531	322,744	451,161	409,026	217,908	234,306	227,653	177,426
Deferred revenue	51,085	45,732	43,057	51,404	38,050	41,267	40,673	31,272
Operating lease liabilities	17,653	21,498	19,554	19,332	28,984	30,955	—	—
Other current liabilities	21,369	21,823	56,016	24,554	23,311	26,253	33,219	40,346
Income taxes payable	14,287	6,057	4,076	10,004	1,186	3,928	8,240	6,924
Total current liabilities	483,013	438,691	588,477	534,694	318,238	345,342	318,951	265,792
Accrued salaries and benefits	—	—	—	—	—	59,662	57,234	40,308
Retirement and pension plans	—	—	—	—	—	46,032	—	—
Non-current liabilities
Accrued salaries and benefits	58,547	52,108	59,467	73,779	56,925	—	—	—
Retirement and pension plans	72,138	62,100	48,456	55,593	53,496	—	39,865	44,802
Operating lease liabilities	83,152	78,204	63,299	65,625	86,816	79,388	—	—
Other non-current liabilities	—	—	5,293	41,087	4,735	—	—	—
Deferred income tax liability - non-current	1,616	6,402	—	—	—	—	—	—
Other non-current liabilities	42,905	41,808	—	—	—	4,634	17,423	23,597
Total non-current liabilities	258,358	240,622	176,515	236,084	201,972	189,716	114,522	108,707
Total liabilities	741,371	679,313	764,992	770,778	520,210	535,058	433,473	374,499
Stockholders’ equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued at December 31, 2024 and 2023	0	0	0	0	0	0	0	0
Common stock, $0.01 par value, 100,000,000 shares authorized, 20,414,915 and 20,127,872 shares issued, 20,409,835 and 20,122,792 shares outstanding at December 31, 2024 and 2023, respectively	204	201	199	196	196	196	196	196
Treasury stock at cost, 5,080 shares at December 31, 2022 and 2021, respectively	—	—	(191)	(191)	(8,041)	(14,795)	(20,298)	(26,096)
Additional paid in capital	—	—	—	—	—	—	227,147	226,006
Treasury stock at cost, 5,080 shares at December 31, 2024 and 2023, respectively	(110)	(110)	—	—	—	—	—	—
Additional paid in capital	260,893	251,988	246,630	233,163	231,048	228,807	—	—
Retained earnings	205,875	210,070	168,197	101,177	40,982	91,083	56,049	(716)
Accumulated other comprehensive income (loss)	(14,045)	129	(4,189)	1,675	3,417	3,824	4,062	13,315
Total stockholders’ equity	—	—	410,646	336,020	267,602	—	—	—
Total stockholders’ equity	452,817	462,278	—	—	—	309,115	267,156	212,705
Total liabilities and stockholders’ equity	1,194,188	1,141,591	1,175,638	1,106,798	787,812	844,173	700,629	587,204
Preferred stock, par value (in dollars per share)	—	—	—	0.01	—	—	—	—
Preferred stock, shares authorized	—	—	—	10,000	—	—	—	—
Common stock, par value (in dollars per share)	—	—	—	0.01	—	—	—	—
Common stock, shares authorized	—	—	—	100,000	—	—	—	—
Common stock, shares issued	—	—	—	19,596.61	—	—	—	—
Common stock, shares issued	—	—	—	19,591.53	—	—	—	—
Treasury stock, shares	—	—	—	5.08	—	—	—	—

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.