Company research
HEIDRICK & STRUGGLES INTERNATIONAL INC
CIK 1066605
Filing activity
Latest filing
50 filings on record · SCHEDULE 13G/A, 15-12G, 4, S-8 POS, 8-K, 25-NSE.
Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,194,188,000Source | 1,141,591,000Source | 1,175,638,000Source | 1,106,798,000Source |
| Property, Plant and Equipment, NetUSD | 51,685,000Source | 35,752,000Source | 30,207,000Source | 27,085,000Source |
| GoodwillUSD | 137,861,000Source | 202,252,000Source | 138,361,000Source | 138,524,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 515,627,000Source | 412,618,000Source | 355,447,000Source | 545,225,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 134,331,000Source | 133,128,000Source | 126,437,000Source | 133,750,000Source |
| Assets, CurrentUSD | 772,977,000Source | 693,214,000Source | 823,819,000Source | 745,388,000Source |
| Operating Lease, Right-of-Use AssetUSD | 83,518,000Source | 86,063,000Source | 71,457,000Source | 72,320,000Source |
| Other Assets, NoncurrentUSD | 25,500,000Source | 17,071,000Source | 25,788,000Source | 23,377,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 741,371,000Source | 679,313,000Source | 764,992,000Source | 770,778,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 204,000Source | 201,000Source | 199,000Source | 196,000Source |
| Retained Earnings (Accumulated Deficit)USD | 205,875,000Source | 210,070,000Source | 168,197,000Source | 101,177,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -14,045,000Source | 129,000Source | -4,189,000Source | 1,675,000Source |
| Stockholders' Equity Attributable to ParentUSD | 452,817,000Source | 462,278,000Source | — | — |
| Additional Paid in Capital, Common StockUSD | 260,893,000Source | 251,988,000Source | 246,630,000Source | 233,163,000Source |
| Liabilities and EquityUSD | 1,194,188,000Source | 1,141,591,000Source | 1,175,638,000Source | 1,106,798,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 483,013,000Source | 438,691,000Source | 588,477,000Source | 534,694,000Source |
| Operating Lease, Liability, CurrentUSD | 17,653,000Source | 21,498,000Source | 19,554,000Source | 19,332,000Source |
| Accounts Payable, CurrentUSD | 25,088,000Source | 20,837,000Source | 14,613,000Source | 20,374,000Source |
| Operating Lease, Liability, NoncurrentUSD | 83,152,000Source | 78,204,000Source | 63,299,000Source | 65,625,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,616,000Source | 6,402,000Source | — | — |
| Other Liabilities, NoncurrentUSD | 42,905,000Source | 41,808,000Source | — | — |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | 51,085,000Source | 45,732,000Source | 43,057,000Source | 51,404,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 18,857,000Source | 18,508,000Source | 10,603,000Source | 19,560,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 12,725,000Source | 10,830,000Source | 16,689,000Source | 12,760,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 4,520,000Source | -6,913,000Source | -4,522,000Source | -36,819,000Source |
| Increase (Decrease) in Accounts PayableUSD | 4,625,000Source | -131,000Source | -5,731,000Source | -332,000Source |
| Deferred Income Tax Expense (Benefit)USD | -18,530,000Source | 4,887,000Source | 6,784,000Source | -6,886,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 150,431,000Source | -26,792,000Source | 119,288,000Source | 271,401,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 0Source | -33,518,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -14,619,000Source | 133,599,000Source | -279,599,000Source | -21,259,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 26,315,000Source | 13,433,000Source | 11,134,000Source | 6,240,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 3,817,000Source | 4,141,000Source | 3,219,000Source | 3,140,000Source |
| Payments for Repurchase of Common StockUSD | 0Source | 904,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -16,740,000Source | -53,528,000Source | -15,685,000Source | -15,517,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 103,195,000Source | 57,129,000Source | -189,770,000Source | 228,770,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 515,813,000Source | 412,618,000Source | 355,489,000Source | 545,259,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 0Source | 0Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -15,877,000Source | 3,850,000Source | -13,774,000Source | -5,855,000Source |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | 1,926,000Source | 1,554,000Source | 820,000Source | 486,000Source |
| Amortization of Intangible AssetsUSD | 8,075,000Source | 9,395,000Source | 3,200,000Source | 2,900,000Source |
| DepreciationUSD | 10,782,000Source | 9,113,000Source | 7,400,000Source | 7,100,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -454,000Source | -209,000Source | -392,000Source | 135,000Source |
| Gain (Loss) on InvestmentsUSD | 2,663,000Source | 2,918,000Source | — | — |
| General and Administrative ExpenseUSD | 166,995,000Source | 156,494,000Source | 132,678,000Source | 130,749,000Source |
| GoodwillUSD | 137,861,000Source | 202,252,000Source | 138,361,000Source | 138,524,000Source |
| Goodwill, Impairment LossUSD | 59,478,000Source | 7,246,000Source | — | 32,970,000Source |
| Income Tax Expense (Benefit)USD | 21,924,000Source | 34,261,000Source | 35,750,000Source | 33,457,000Source |
| Net Income (Loss) Attributable to ParentUSD | 8,728,000Source | 54,410,000Source | 79,486,000Source | 72,572,000Source |
| Nonoperating Income (Expense)USD | 23,124,000Source | 13,314,000Source | 2,970,000Source | 7,765,000Source |
| Operating ExpensesUSD | — | — | 971,320,000Source | 910,210,000Source |
| Operating Lease, ExpenseUSD | — | — | 17,408,000Source | 18,912,000Source |
| Other Nonoperating Income (Expense)USD | 8,702,000Source | 1,697,000Source | -2,367,000Source | 7,463,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 1,098,573,000Source | 1,026,864,000Source | — | 1,003,001,000Source |
| Cost of RevenueUSD | 118,950,000Source | 109,039,000Source | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 7,528,000Source | 75,357,000Source | 112,266,000Source | 98,264,000Source |
| Other Nonoperating Income (Expense)USD | 8,702,000Source | 1,697,000Source | -2,367,000Source | 7,463,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 30,652,000Source | 88,671,000Source | 115,236,000Source | 106,029,000Source |
| Income Tax Expense (Benefit)USD | 21,924,000Source | 34,261,000Source | 35,750,000Source | 33,457,000Source |
| Net Income (Loss) Attributable to ParentUSD | 8,728,000Source | 54,410,000Source | 79,486,000Source | 72,572,000Source |
| Earnings Per Share, BasicUSD per share | 0.43Source | 2.72Source | 4.02Source | 3.72Source |
| Earnings Per Share, DilutedUSD per share | 0.41Source | 2.62Source | 3.86Source | 3.58Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 20,293,000Source | 20,029,000Source | 19,758,000Source | 19,515,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 21,188,000Source | 20,766,000Source | 20,618,000Source | 20,296,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 8,075,000Source | 9,395,000Source | 3,200,000Source | 2,900,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.6Source | 0.6Source | 0.6Source | 0.6Source |
| Costs and ExpensesUSD | 1,108,148,000Source | 965,825,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | 40,454,000Source | 29,374,000Source | 28,966,000Source | 40,343,000Source |
| Gain (Loss) on InvestmentsUSD | 2,663,000Source | 2,918,000Source | — | — |
| General and Administrative ExpenseUSD | 166,995,000Source | 156,494,000Source | 132,678,000Source | 130,749,000Source |
| Goodwill, Impairment LossUSD | 59,478,000Source | 7,246,000Source | — | 32,970,000Source |
| Income (Loss) Attributable to Parent, before TaxUSD | 30,652,000Source | 88,671,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 32,356,000Source | 52,572,000Source | 57,274,000Source | 68,122,000Source |
| Interest Income (Expense), NetUSD | — | 11,617,000Source | 5,337,000Source | 302,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | 14,422,000Source | — | — | — |
| Labor and Related ExpenseUSD | 715,628,000Source | 656,030,000Source | 737,430,000Source | 717,411,000Source |
| Nonoperating Income (Expense)USD | 23,124,000Source | 13,314,000Source | 2,970,000Source | 7,765,000Source |
| Operating ExpensesUSD | — | — | 971,320,000Source | 910,210,000Source |
| Operating Lease, ExpenseUSD | — | — | 17,408,000Source | 18,912,000Source |
| Research and Development ExpenseUSD | 23,055,000Source | 22,698,000Source | 20,414,000Source | — |