Hamilton Lane (HLNE) FY2023 results: revenue $529 million, up 43.7% on the year
Hamilton Lane Inc. (HLNE) reported revenue of $529 million for fiscal 2023, the year ended 31 March 2023, up 43.7% on the year before. Net income was $109 million, down 25.3%, and diluted earnings per share $3.01. The figures are the company's own, from the 10-K it filed with the SEC on 25 May 2023.
Revenue
$529 million
+43.7% on the year
FY2017FY2023
Operating margin
45.4%
46.1% a year earlier
FY2017FY2023
Net income
$109 million
-25.3% on the year
FY2017FY2023
Diluted EPS
$3.01
-24.4% on the year
FY2017FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
227
170
188
+33.7%
Capital expenditure
4.7
8.5
18.6
-44.3%
Free cash flow
222
161
170
+37.8%
Free cash flow margin
42.0%
43.8%
49.6%
Cash from investing
178
-70.5
-422
Cash from financing
-364
-113
271
Depreciation and amortisation
7.4
5.5
4.1
+35.5%
Share-based compensation
9.9
7.4
7.1
+34.4%
Buybacks
0.0
0.0
0.0
Dividends paid
72.4
49.6
39.7
+45.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
415
347
238
+19.8%
Non-controlling interest
159
115
76.1
+38.5%
Redeemable equity
0.0
276
276
Debt
214
171
163
+24.6%
Other liabilities
353
386
383
-8.6%
Total liabilities and equity
1,141
1,295
1,137
-11.9%
Fixed assets
28.4
28.8
23.3
-1.4%
Goodwill
9.6
9.6
3.9
0.0%
Intangible assets
6.3
12.6
7.9
-50.0%
Cash and equivalents
117
76.2
87.0
+53.0%
Other assets
980
1,168
1,014
-16.1%
Total assets
1,141
1,295
1,137
-11.9%
10-K for the year ended 31 March 2023, filed 25 May 2023: the filing.