Hamilton Lane (HLNE) FY2021 results: revenue $342 million, up 24.7% on the year
Hamilton Lane Inc. (HLNE) reported revenue of $342 million for fiscal 2021, the year ended 31 March 2021, up 24.7% on the year before. Net income was $98 million, up 61.2%, and diluted earnings per share $2.81. The figures are the company's own, from the 10-K it filed with the SEC on 27 May 2021.
Revenue
$342 million
+24.7% on the year
FY2017FY2021
Operating margin
45.6%
42.5% a year earlier
FY2017FY2021
Net income
$98 million
+61.2% on the year
FY2017FY2021
Diluted EPS
$2.81
+30.7% on the year
FY2017FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
342
274
252
+24.7%
Operating income
156
116
104
+33.8%
Operating margin
45.6%
42.5%
41.3%
Interest expense
2.0
2.8
3.0
-27.4%
Pre-tax income
193
141
130
+37.3%
Income tax
24.4
14.0
30.6
+74.8%
Effective tax rate
12.6%
9.9%
23.6%
Net income
98.0
60.8
33.6
+61.2%
Net margin
28.7%
22.2%
13.3%
Diluted EPS
$2.81
$2.15
$1.40
+30.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
188
116
112
+61.7%
Capital expenditure
18.6
2.0
5.4
+842.2%
Free cash flow
170
114
106
+48.2%
Free cash flow margin
49.6%
41.7%
42.1%
Cash from investing
-422
-49.9
-19.2
Cash from financing
271
-64.7
-90.2
Depreciation and amortisation
4.1
3.3
3.0
+25.6%
Share-based compensation
7.1
7.2
6.4
-1.4%
Buybacks
0.0
0.0
0.0
+150.0%
Dividends paid
39.7
29.1
18.7
+36.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
238
155
110
+53.8%
Non-controlling interest
76.1
82.6
59.5
-7.9%
Redeemable equity
276
0.0
n/a
Debt
163
74.7
71.0
+118.3%
Other liabilities
383
161
120
+137.4%
Total liabilities and equity
1,137
474
361
+140.0%
Fixed assets
23.3
7.4
8.1
+214.9%
Goodwill
3.9
3.9
3.9
0.0%
Intangible assets
7.9
8.3
2.6
-4.8%
Cash and equivalents
87.0
50.1
49.4
+73.6%
Other assets
1,014
404
297
+151.2%
Total assets
1,137
474
361
+140.0%
10-K for the year ended 31 March 2021, filed 27 May 2021: the filing.