HSII · As filed with the SEC
Heidrick & Struggles International cash flow statement, 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 Statements of Cash Flows · USD thousands
| USD thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Cash flows - operating activities | ||||
| Net income | 8,728 | 54,410 | 79,486 | 72,572 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||
| Depreciation and amortization | 18,857 | 18,508 | 10,603 | 19,560 |
| Provision for income taxes | — | — | — | 33,457 |
| Deferred income taxes | (19,421) | 11,900 | 7,088 | (7,481) |
| Stock-based compensation expense | 12,725 | 10,830 | 16,689 | 12,760 |
| Accretion expense related to earnout payments | 1,926 | 1,554 | 820 | 486 |
| Impairment charges | 59,478 | 7,246 | 0 | 0 |
| Gain on marketable securities | — | — | (2,406) | (1) |
| Gain on marketable securities | (2,663) | (2,918) | — | — |
| Loss on disposal of property and equipment | 454 | 209 | 392 | 135 |
| Changes in assets and liabilities, net of effects of acquisitions: | ||||
| Accounts receivable | (4,520) | 6,913 | 4,522 | (36,819) |
| Accounts payable | 4,625 | (131) | (5,731) | (332) |
| Accrued expenses | 47,031 | (145,118) | 32,892 | 230,177 |
| Restructuring accrual | — | 0 | 0 | (5,061) |
| Restructuring accrual | 2,506 | — | — | — |
| Deferred revenue | 6,272 | 2,035 | (7,237) | 12,783 |
| Income taxes recoverable (payable), net | 12,326 | (6,692) | (13,606) | 11,377 |
| Retirement and pension plan assets and liabilities | 6,021 | 7,493 | (479) | 1,145 |
| Prepaid expenses | (5,536) | 1,233 | (2,850) | 2,776 |
| Other assets and liabilities, net | 1,622 | 5,736 | (895) | 37,124 |
| Net cash provided by (used in) operating activities | 150,431 | (26,792) | 119,288 | 271,401 |
| Acquisition of businesses, net of cash acquired | — | — | 0 | 33,518 |
| Cash flows - investing activities | ||||
| Acquisition of businesses, net of cash acquired | 0 | (49,858) | — | — |
| Capital expenditures | (26,315) | (13,433) | (11,134) | (6,240) |
| Purchases of available for sale investments | — | — | — | (2,323) |
| Proceeds from sale of available for sale investments | — | — | — | 20,822 |
| Purchases of available for sale investments | — | — | (269,824) | — |
| Proceeds from sale of available for sale investments | — | — | 1,359 | — |
| Purchases of available for sale investments | (163,611) | (140,982) | — | — |
| Proceeds from sale of available for sale investments | 175,307 | 337,872 | — | — |
| Net cash provided by (used in) investing activities | (14,619) | 133,599 | (279,599) | (21,259) |
| Proceeds from line of credit | — | — | 0 | 0 |
| Payments on line of credit | — | — | 0 | 0 |
| Cash flows - financing activities | ||||
| Cash dividends paid | (12,923) | (12,537) | (12,466) | (12,377) |
| Payment of employee tax withholding on equity transactions | (3,817) | (4,141) | (3,219) | (3,140) |
| Repurchases of common stock | 0 | (904) | — | — |
| Acquisition earnout payments | 0 | (35,946) | 0 | 0 |
| Net cash used in financing activities | (16,740) | (53,528) | (15,685) | (15,517) |
| Effect of exchange rates fluctuations on cash, cash equivalents and restricted cash | (15,877) | 3,850 | (13,774) | (5,855) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 103,195 | 57,129 | (189,770) | 228,770 |
| Cash, cash equivalents and restricted cash at end of period | — | — | — | 545,225 |
| Cash, cash equivalents and restricted cash at beginning of period | 412,618 | 355,489 | 545,259 | — |
| Cash, cash equivalents and restricted cash at end of period | 515,813 | 412,618 | 355,489 | — |
| Supplemental disclosures of cash flow information | ||||
| Cash paid for | ||||
| Income taxes | 26,125 | 22,137 | 41.91 | 28.62 |
| Interest | — | — | 0 | 0 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.