$KFY
KORN FERRY

2021 Q3 Form 10-Q Financial Statement

#000156459021047315 Filed on September 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $588.1M $346.9M
YoY Change 69.54% -30.09%
Cost Of Revenue $24.70M $17.10M
YoY Change 44.42% -40.63%
Gross Profit $563.4M $329.8M
YoY Change 70.83% -29.44%
Gross Profit Margin 95.8% 95.08%
Selling, General & Admin $446.3M $331.1M
YoY Change 34.79% -16.03%
% of Gross Profit 79.22% 100.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.64M $15.04M
YoY Change 4.05% 17.67%
% of Gross Profit 2.78% 4.56%
Operating Expenses $461.9M $346.1M
YoY Change 33.47% -14.98%
Operating Profit $101.3M -$43.80M
YoY Change -331.2% -172.59%
Interest Expense -$5.426M -$6.894M
YoY Change -21.29% 69.93%
% of Operating Profit -5.36%
Other Income/Expense, Net $4.447M $11.16M
YoY Change -60.16% 511.28%
Pretax Income $100.3M -$39.50M
YoY Change -353.86% -167.98%
Income Tax $23.88M -$8.700M
% Of Pretax Income 23.81%
Net Earnings $74.82M -$30.83M
YoY Change -342.67% -171.79%
Net Earnings / Revenue 12.72% -8.89%
Basic Earnings Per Share $1.38 -$0.58
Diluted Earnings Per Share $1.37 -$0.58
COMMON SHARES
Basic Shares Outstanding 52.76M 53.26M
Diluted Shares Outstanding 53.32M 53.26M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $717.6M $592.7M
YoY Change 21.06% 36.85%
Cash & Equivalents $649.3M $542.8M
Short-Term Investments $68.25M $49.90M
Other Short-Term Assets $41.05M $35.00M
YoY Change 17.28% 5.11%
Inventory
Prepaid Expenses
Receivables $512.9M $375.2M
Other Receivables $95.41M $90.40M
Total Short-Term Assets $1.367B $1.093B
YoY Change 25.03% 12.12%
LONG-TERM ASSETS
Property, Plant & Equipment $292.0M $331.5M
YoY Change -11.92% -7.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $207.1M $168.1M
YoY Change 23.19% 7.62%
Other Assets $231.4M $200.1M
YoY Change 15.64% 19.18%
Total Long-Term Assets $1.576B $1.525B
YoY Change 3.33% 6.52%
TOTAL ASSETS
Total Short-Term Assets $1.367B $1.093B
Total Long-Term Assets $1.576B $1.525B
Total Assets $2.942B $2.618B
YoY Change 12.39% 8.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.95M $37.00M
YoY Change 26.88% 11.45%
Accrued Expenses $315.2M $311.9M
YoY Change 1.07% 27.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.051M $1.200M
YoY Change -12.42% -29.41%
Total Short-Term Liabilities $583.5M $491.3M
YoY Change 18.77% 19.33%
LONG-TERM LIABILITIES
Long-Term Debt $396.3M $396.2M
YoY Change 0.02% 75.7%
Other Long-Term Liabilities $537.9M $511.9M
YoY Change 5.08% 1.57%
Total Long-Term Liabilities $934.2M $908.1M
YoY Change 2.87% 24.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $583.5M $491.3M
Total Long-Term Liabilities $934.2M $908.1M
Total Liabilities $1.525B $1.402B
YoY Change 8.76% 22.41%
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 $1.417B $1.216B
YoY Change
Total Liabilities & Shareholders Equity $2.942B $2.618B
YoY Change 12.39% 8.79%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $74.82M -$30.83M
YoY Change -342.67% -171.79%
Depreciation, Depletion And Amortization $15.64M $15.04M
YoY Change 4.05% 17.67%
Cash From Operating Activities -$160.5M -$144.3M
YoY Change 11.29% -10.9%
INVESTING ACTIVITIES
Capital Expenditures -$9.010M $8.787M
YoY Change -202.54% -17.92%
Acquisitions
YoY Change
Other Investing Activities -$1.343M -$4.400M
YoY Change -69.48% -393.33%
Cash From Investing Activities -$10.35M -$13.21M
YoY Change -21.63% 43.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.464M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.65M -7.805M
YoY Change 203.05% -68.69%
NET CHANGE
Cash From Operating Activities -160.5M -144.3M
Cash From Investing Activities -10.35M -13.21M
Cash From Financing Activities -23.65M -7.805M
Net Change In Cash -201.5M -146.5M
YoY Change 37.56% -27.4%
FREE CASH FLOW
Cash From Operating Activities -$160.5M -$144.3M
Capital Expenditures -$9.010M $8.787M
Free Cash Flow -$151.5M -$153.0M
YoY Change -0.99% -11.34%

Facts In Submission

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FinanceLeasesAccumulatedDepreciation
2590000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2256000
CY2021Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2211000
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1051000
CY2021Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1010000
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1319000
CY2021Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1301000
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2370000
CY2021Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2311000
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.039
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.042
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
42735000
CY2021Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
871000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
47840000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
876000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
40828000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
528000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
34087000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
202000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
28752000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
10000
CY2021Q3 kfy Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
20265000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
214507000
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2487000
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
23735000
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
117000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
190772000
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2370000

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