$KFY
KORN FERRY

2015 Q1 Form 10-Q Financial Statement

#000119312515087350 Filed on March 11, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $258.9M $250.9M
YoY Change 3.16% 19.34%
Cost Of Revenue $8.653M $9.056M
YoY Change -4.45% 12.27%
Gross Profit $250.2M $241.9M
YoY Change 3.45% 19.62%
Gross Profit Margin 96.66% 96.39%
Selling, General & Admin $201.6M $199.5M
YoY Change 1.05% 13.55%
% of Gross Profit 80.57% 82.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.814M $6.333M
YoY Change 7.6% 24.47%
% of Gross Profit 2.72% 2.62%
Operating Expenses $225.9M $223.6M
YoY Change 1.03% 10.95%
Operating Profit $32.93M $27.30M
YoY Change 20.6% 213.6%
Interest Expense $288.0K $873.0K
YoY Change -67.01% 142.5%
% of Operating Profit 0.87% 3.2%
Other Income/Expense, Net -$1.478M $1.132M
YoY Change -230.57% -65.66%
Pretax Income $31.74M $27.56M
YoY Change 15.15% 136.74%
Income Tax $9.576M $6.727M
% Of Pretax Income 30.17% 24.41%
Net Earnings $22.94M $21.30M
YoY Change 7.67% 124.68%
Net Earnings / Revenue 8.86% 8.49%
Basic Earnings Per Share $0.46 $0.44
Diluted Earnings Per Share $0.46 $0.43
COMMON SHARES
Basic Shares Outstanding 49.14M shares 48.34M shares
Diluted Shares Outstanding 49.72M shares 49.18M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $319.7M $377.2M
YoY Change -15.25% 23.53%
Cash & Equivalents $304.5M $247.8M
Short-Term Investments $15.21M $129.4M
Other Short-Term Assets $35.30M $31.70M
YoY Change 11.36% -17.66%
Inventory
Prepaid Expenses
Receivables $201.5M $191.0M
Other Receivables $7.400M $9.000M
Total Short-Term Assets $576.9M $485.8M
YoY Change 18.75% 16.82%
LONG-TERM ASSETS
Property, Plant & Equipment $59.81M $55.01M
YoY Change 8.72% 9.0%
Goodwill $242.8M $255.8M
YoY Change -5.09% -2.06%
Intangibles $43.47M $51.72M
YoY Change -15.96% -13.41%
Long-Term Investments $154.8M $150.4M
YoY Change 2.93% 6.97%
Other Assets $154.8M $154.1M
YoY Change 0.45% 13.64%
Total Long-Term Assets $655.7M $667.1M
YoY Change -1.71% 3.01%
TOTAL ASSETS
Total Short-Term Assets $576.9M $485.8M
Total Long-Term Assets $655.7M $667.1M
Total Assets $1.233B $1.153B
YoY Change 6.91% 8.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.27M $17.19M
YoY Change 6.3% 4.32%
Accrued Expenses $191.5M $174.9M
YoY Change 9.49% -2.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $260.8M $241.0M
YoY Change 8.21% 2.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $19.70M $20.59M
YoY Change -4.35% -7.12%
Total Long-Term Liabilities $19.70M $20.59M
YoY Change -4.35% -7.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $260.8M $241.0M
Total Long-Term Liabilities $19.70M $20.59M
Total Liabilities $444.9M $430.3M
YoY Change 3.41% 6.19%
SHAREHOLDERS EQUITY
Retained Earnings $371.7M $287.6M
YoY Change 29.24% 28.44%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $787.6M $722.6M
YoY Change
Total Liabilities & Shareholders Equity $1.233B $1.153B
YoY Change 6.91% 8.41%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $22.94M $21.30M
YoY Change 7.67% 124.68%
Depreciation, Depletion And Amortization $6.814M $6.333M
YoY Change 7.6% 24.47%
Cash From Operating Activities $70.10M $68.70M
YoY Change 2.04% 67.15%
INVESTING ACTIVITIES
Capital Expenditures -$4.300M -$5.800M
YoY Change -25.86% 107.14%
Acquisitions
YoY Change
Other Investing Activities $9.200M $4.500M
YoY Change 104.44% -106.99%
Cash From Investing Activities $4.900M -$1.400M
YoY Change -450.0% -97.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.400M 4.200M
YoY Change -157.14% 950.0%
NET CHANGE
Cash From Operating Activities 70.10M 68.70M
Cash From Investing Activities 4.900M -1.400M
Cash From Financing Activities -2.400M 4.200M
Net Change In Cash 72.60M 71.50M
YoY Change 1.54% -378.21%
FREE CASH FLOW
Cash From Operating Activities $70.10M $68.70M
Capital Expenditures -$4.300M -$5.800M
Free Cash Flow $74.40M $74.50M
YoY Change -0.13% 69.7%

Facts In Submission

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dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
KORN FERRY INTERNATIONAL
dei Trading Symbol
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KFY
dei Entity Filer Category
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Large Accelerated Filer
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<div> <p style="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"> <b><i>Use of Estimates and Uncertainties</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates, and changes in estimates are reported in current operations as new information is learned or upon the amounts becoming fixed and determinable. The most significant areas that require management judgment are revenue recognition, restructuring, deferred compensation, annual performance related bonuses, evaluation of the carrying value of receivables, goodwill and other intangible assets, share-based payments and the recoverability of deferred income taxes.</p> </div>
dei Document Period End Date
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dei Amendment Flag
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dei Document Fiscal Year Focus
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