2024 Q1 Form 10-K Financial Statement

#000143364224000064 Filed on May 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024
Revenue $176.7M $553.8M
YoY Change 56.63% 4.74%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $92.78M $299.8M
YoY Change 46.17% 6.6%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.412M $8.186M
YoY Change 30.87% 9.98%
% of Gross Profit
Operating Expenses $92.78M $308.0M
YoY Change 46.17% 6.69%
Operating Profit
YoY Change
Interest Expense $14.86M $38.36M
YoY Change 22.41% 390.95%
% of Operating Profit
Other Income/Expense, Net -$1.526M $35.84M
YoY Change -123.0% 1294.67%
Pretax Income $97.22M $281.7M
YoY Change 42.78% 16.1%
Income Tax $20.40M $54.45M
% Of Pretax Income 20.98% 19.33%
Net Earnings $48.36M $140.9M
YoY Change 55.57% 29.09%
Net Earnings / Revenue 27.37% 25.43%
Basic Earnings Per Share
Diluted Earnings Per Share $0.89 $2.61
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.6M $114.6M
YoY Change 2.58% 2.58%
Cash & Equivalents $119.6M $114.6M
Short-Term Investments
Other Short-Term Assets $11.07M $11.07M
YoY Change 12.79% 12.79%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $242.1M $242.1M
YoY Change 37.67% 37.67%
LONG-TERM ASSETS
Property, Plant & Equipment $33.01M $95.44M
YoY Change 16.14% 5.16%
Goodwill $9.566M
YoY Change 0.0%
Intangibles $4.584M
YoY Change -27.06%
Long-Term Investments $632.3M $632.3M
YoY Change 7.54% 7.54%
Other Assets $266.9M $266.9M
YoY Change 11.79% 11.79%
Total Long-Term Assets $1.029B $1.029B
YoY Change 6.68% 6.68%
TOTAL ASSETS
Total Short-Term Assets $242.1M $242.1M
Total Long-Term Assets $1.029B $1.029B
Total Assets $1.271B $1.271B
YoY Change 11.46% 11.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $205.9M $205.9M
YoY Change 14.88% 14.88%
Accrued Expenses $132.6M $132.6M
YoY Change 12.35% 12.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $362.4M $362.4M
YoY Change 15.76% 15.76%
LONG-TERM LIABILITIES
Long-Term Debt $196.2M $196.2M
YoY Change -8.14% -8.14%
Other Long-Term Liabilities $36.70M $36.70M
YoY Change -7.74% -7.74%
Total Long-Term Liabilities $232.9M $232.9M
YoY Change -8.07% -8.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $362.4M $362.4M
Total Long-Term Liabilities $232.9M $232.9M
Total Liabilities $595.2M $746.0M
YoY Change 5.1% 2.89%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $525.2M $525.2M
YoY Change
Total Liabilities & Shareholders Equity $1.271B $1.271B
YoY Change 11.46% 11.46%

Cashflow Statement

Concept 2024 Q1 2024
OPERATING ACTIVITIES
Net Income $48.36M $140.9M
YoY Change 55.57% 29.09%
Depreciation, Depletion And Amortization $2.412M $8.186M
YoY Change 30.87% 9.98%
Cash From Operating Activities $21.71M $120.9M
YoY Change 64.26% -46.66%
INVESTING ACTIVITIES
Capital Expenditures $1.610M $11.07M
YoY Change 8.34% 133.26%
Acquisitions
YoY Change
Other Investing Activities -$26.58M -$111.1M
YoY Change 19.89% -160.83%
Cash From Investing Activities -$28.19M -$122.2M
YoY Change 19.17% -168.68%
FINANCING ACTIVITIES
Cash Dividend Paid $65.41M
YoY Change -9.67%
Common Stock Issuance & Retirement, Net $201.7M
YoY Change 361.64%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -43.34M $4.399M
YoY Change 66.01% -101.21%
NET CHANGE
Cash From Operating Activities 21.71M $120.9M
Cash From Investing Activities -28.19M -$122.2M
Cash From Financing Activities -43.34M $4.399M
Net Change In Cash -49.82M $3.067M
YoY Change 36.32% -92.4%
FREE CASH FLOW
Cash From Operating Activities $21.71M $120.9M
Capital Expenditures $1.610M $11.07M
Free Cash Flow $20.10M $109.8M
YoY Change 71.34% -50.51%

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GainLossOnDispositionOfIntangibleAssets
0 usd
CY2024 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 usd
CY2023 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
43289000 usd
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 usd
CY2024 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
706000 usd
CY2023 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-2813000 usd
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-815000 usd
CY2024 hlne Increase Decrease In Fees Receivable
IncreaseDecreaseInFeesReceivable
61151000 usd
CY2023 hlne Increase Decrease In Fees Receivable
IncreaseDecreaseInFeesReceivable
-4729000 usd
CY2022 hlne Increase Decrease In Fees Receivable
IncreaseDecreaseInFeesReceivable
22667000 usd
CY2024 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1256000 usd
CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2959000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
683000 usd
CY2024 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
528000 usd
CY2023 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
5313000 usd
CY2022 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-623000 usd
CY2024 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-15344000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6721000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-20000 usd
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-54000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1733000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
654000 usd
CY2024 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
11789000 usd
CY2023 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
4072000 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-9298000 usd
CY2024 hlne Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-8578000 usd
CY2023 hlne Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-7577000 usd
CY2022 hlne Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-3330000 usd
CY2024 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2503000 usd
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-13216000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
12311000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
120852000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
226589000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
169523000 usd
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11073000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4747000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8526000 usd
CY2024 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
CY2023 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
1500000 usd
CY2022 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
10096000 usd
CY2024 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
8000000 usd
CY2023 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
2535000 usd
CY2022 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
0 usd
CY2024 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
6352000 usd
CY2023 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
37025000 usd
CY2022 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
18997000 usd
CY2024 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
1343000 usd
CY2023 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
13478000 usd
CY2022 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
12623000 usd
CY2024 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
3305000 usd
CY2023 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
0 usd
CY2022 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
0 usd
CY2024 hlne Proceeds From Investment Distribution Return Of Capital
ProceedsFromInvestmentDistributionReturnOfCapital
0 usd
CY2023 hlne Proceeds From Investment Distribution Return Of Capital
ProceedsFromInvestmentDistributionReturnOfCapital
1406000 usd
CY2022 hlne Proceeds From Investment Distribution Return Of Capital
ProceedsFromInvestmentDistributionReturnOfCapital
12739000 usd
CY2024 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
14147000 usd
CY2023 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
14438000 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
15010000 usd
CY2024 hlne Payments To Equity Method Investment Capital Contribution
PaymentsToEquityMethodInvestmentCapitalContribution
57722000 usd
CY2023 hlne Payments To Equity Method Investment Capital Contribution
PaymentsToEquityMethodInvestmentCapitalContribution
84557000 usd
CY2022 hlne Payments To Equity Method Investment Capital Contribution
PaymentsToEquityMethodInvestmentCapitalContribution
73240000 usd
CY2024 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
57832000 usd
CY2023 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
278954000 usd
CY2022 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-122184000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
177912000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-70487000 usd
CY2024 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
201671000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
43686000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
73833000 usd
CY2024 hlne Limited Liability Company Llc Or Limited Partnership Lp Purchase Of Membership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPPurchaseOfMembershipInterest
201671000 usd
CY2023 hlne Limited Liability Company Llc Or Limited Partnership Lp Purchase Of Membership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPPurchaseOfMembershipInterest
43686000 usd
CY2022 hlne Limited Liability Company Llc Or Limited Partnership Lp Purchase Of Membership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPPurchaseOfMembershipInterest
73833000 usd
CY2024 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
31682000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
24925000 usd
CY2024 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
2500000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
25000000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
15000000 usd
CY2024 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3507000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2325000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3485000 usd
CY2024 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2253000 usd
CY2024 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
11123000 usd
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
10345000 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
23170000 usd
CY2024 us-gaap Payments Of Dividends
PaymentsOfDividends
65406000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
72409000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
49630000 usd
CY2024 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
43872000 usd
CY2023 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
63444000 usd
CY2022 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
47711000 usd
CY2023 hlne Payments For Redeemable Noncontrolling Interests
PaymentsForRedeemableNoncontrollingInterests
278205000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4399000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-364146000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-113216000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3067000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
40355000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14180000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116552000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76197000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90377000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
119619000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116552000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76197000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
119619000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116552000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76197000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2024 us-gaap Fiscal Period
FiscalPeriod
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Accounting for Differing Fiscal Periods</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Partnerships primarily have a fiscal year end as of December 31, and the Company accounts for its investments in the Partnerships using a three-month lag due to the timing of financial information received from the investments held by the Partnerships. The Partnerships primarily invest in private equity funds, which generally require at least 90 days following the calendar year end to present audited financial statements. The Company records its share of capital contributions to and distributions from the Partnerships in investments in the Consolidated Balance Sheets during the three month lag period.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The results of the consolidated VIEs are reported on a three-month lag, due to the timing of the receipt of related financial statements. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">To the extent that management is aware of material events that affect the Partnerships or the consolidated VIEs during the intervening period, the impact of the events would be disclosed in the Notes to Consolidated Financial Statements.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company’s revenue earned from Partnerships, including both management and advisory fee revenue and incentive fee revenue, is not accounted for on a lag.</span></div>
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4584000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6285000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8367000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6666000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1701000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2277000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2503000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1701000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1465000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1154000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
264000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
0 usd
CY2024Q1 us-gaap Goodwill
Goodwill
9566000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
9566000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2024 hlne Incentive Fee Compensation Percentage
IncentiveFeeCompensationPercentage
0.25
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, restricted cash and fees receivable. The majority of the Company’s cash, cash equivalents, and restricted cash are held with one major financial institution and expose the Company to a certain degree of credit risk. Substantially all cash amounts on deposit with major financial institutions exceed Federal Deposit Insurance Corporation insured limits. The concentration of credit risk with respect to fees receivable is generally limited due to the short payment terms extended to clients by the Company.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company derives revenues from clients located in the United States and other foreign countries.</span></div>
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
553842000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
528753000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
367919000 usd
CY2024 us-gaap Incentive Distribution Policy Managing Member Or General Partner Description
IncentiveDistributionPolicyManagingMemberOrGeneralPartnerDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Dividends and Distributions</span></div>Dividends and distributions are reflected in the consolidated financial statements when declared.
CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company reclassified certain prior period amounts to conform to current year presentation in the Notes to the Consolidated Financial Statements. In Note 4, the Company reclassified $61,637 from primary funds to evergreen funds within the types of equity method investments in partnership table. There was no impact to prior period amounts reported in our Consolidated Balance Sheets.</span></div>
CY2024 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
61637000 usd
CY2024Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
17984000 usd
CY2023Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
21586000 usd
CY2024Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
175522000 usd
CY2023Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
168732000 usd
CY2024Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
603697000 usd
CY2023Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
530921000 usd
CY2024 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
130000 usd
CY2023 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
1434000 usd
CY2022 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
1130000 usd
CY2024 hlne Secured Borrowings Unrealized Gain Loss On Fair Value Adjustment
SecuredBorrowingsUnrealizedGainLossOnFairValueAdjustment
130000 usd
CY2023 hlne Secured Borrowings Unrealized Gain Loss On Fair Value Adjustment
SecuredBorrowingsUnrealizedGainLossOnFairValueAdjustment
1434000 usd
CY2022 hlne Secured Borrowings Unrealized Gain Loss On Fair Value Adjustment
SecuredBorrowingsUnrealizedGainLossOnFairValueAdjustment
1130000 usd
CY2023Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
168732000 usd
CY2022Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
156100000 usd
CY2021Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
109822000 usd
CY2024 hlne Equity Securities Without Readily Determinable Fair Value Purchases
EquitySecuritiesWithoutReadilyDeterminableFairValuePurchases
6311000 usd
CY2023 hlne Equity Securities Without Readily Determinable Fair Value Purchases
EquitySecuritiesWithoutReadilyDeterminableFairValuePurchases
37576000 usd
CY2022 hlne Equity Securities Without Readily Determinable Fair Value Purchases
EquitySecuritiesWithoutReadilyDeterminableFairValuePurchases
18995000 usd
CY2024 hlne Equity Securities Without Readily Determinable Fair Value Return Of Capital
EquitySecuritiesWithoutReadilyDeterminableFairValueReturnOfCapital
176000 usd
CY2023 hlne Equity Securities Without Readily Determinable Fair Value Return Of Capital
EquitySecuritiesWithoutReadilyDeterminableFairValueReturnOfCapital
0 usd
CY2022 hlne Equity Securities Without Readily Determinable Fair Value Return Of Capital
EquitySecuritiesWithoutReadilyDeterminableFairValueReturnOfCapital
13903000 usd
CY2024 hlne Equity Securities Without Readily Determinable Fair Value Net Unrealized Loss Gain
EquitySecuritiesWithoutReadilyDeterminableFairValueNetUnrealizedLossGain
1177000 usd
CY2023 hlne Equity Securities Without Readily Determinable Fair Value Net Unrealized Loss Gain
EquitySecuritiesWithoutReadilyDeterminableFairValueNetUnrealizedLossGain
-24944000 usd
CY2022 hlne Equity Securities Without Readily Determinable Fair Value Net Unrealized Loss Gain
EquitySecuritiesWithoutReadilyDeterminableFairValueNetUnrealizedLossGain
47189000 usd
CY2024 hlne Equity Securities Without Readily Determinable Fair Value Net Realized Loss Gain
EquitySecuritiesWithoutReadilyDeterminableFairValueNetRealizedLossGain
-522000 usd
CY2023 hlne Equity Securities Without Readily Determinable Fair Value Net Realized Loss Gain
EquitySecuritiesWithoutReadilyDeterminableFairValueNetRealizedLossGain
0 usd
CY2022 hlne Equity Securities Without Readily Determinable Fair Value Net Realized Loss Gain
EquitySecuritiesWithoutReadilyDeterminableFairValueNetRealizedLossGain
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CY2024Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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