HAMILTON LANE INC
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $249.2M | $217.4M | $140.9M | $109.1M | $146.0M | $98.0M | $60.8M | $33.6M |
| Depreciation & Amortization | $9.9M | $9.3M | $8.2M | $7.4M | $5.5M | $4.1M | $3.3M | $3.0M |
| Depreciation | $8.4M | $7.6M | $6.5M | $5.2M | $2.99B | $2.7M | $2.7M | $2.0M |
| Amortization | $1.5M | $1.7M | $1.7M | $2.3M | $2.5M | $1.4M | $607.0K | $459.0K |
| Stock-Based Compensation | $50.9M | $31.4M | $12.1M | $10.0M | $7.4M | $7.1M | $7.2M | $6.4M |
| Net Cash from Operating Activities | $424.9M | $300.8M | $120.9M | $226.6M | $169.5M | $188.2M | $116.4M | $111.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.8M | $12.2M | $11.1M | $4.7M | $8.5M | $18.6M | $2.0M | $5.4M |
| Business Acquisitions | — | $0 | $0 | $1.5M | $10.1M | $0 | $0 | $0 |
| Net Cash from Investing Activities | $-494.8M | $-117.6M | $-122.2M | $177.9M | $-70.5M | $-421.8M | $-49.9M | $-19.2M |
| Financing Activities | ||||||||
| Dividends Paid | $87.7M | $76.0M | $65.4M | $72.4M | $49.6M | $39.7M | $29.1M | $18.7M |
| Stock Repurchases | — | $2.0K | $2.0K | $0 | $1.0K | $5.0K | $2.0K | $2.0K |
| Net Cash from Financing Activities | $155.8M | $-19.2M | $4.4M | $-364.1M | $-113.2M | $270.7M | $-64.7M | $-90.2M |
| Net Change in Cash | $88.3M | $164.0M | $3.1M | $40.4M | $-14.2M | $37.2M | $1.6M | $2.2M |
| Free Cash Flow | $419.1M | $288.7M | $109.8M | $221.8M | $161.0M | $169.5M | $114.4M | $106.3M |