Income Statement Heidrick & Struggles International, Inc.

Stocks

HSII

US4228191023

Employment Services

Market Closed - Nasdaq 16:00:00 2025-12-09 EST			5-day change	1st Jan Change
59.01 ^USD	+0.07%		-.--%	-

06-23	Heidrick & Struggles Announces the Launch of Performance Culture	CI
06-22	Heidrick & Struggles Announces Board Changes	CI

0c3f818126ab8e0d72eeacda8bdd5807.fxK5IjnY-JQN8F0IdpCj4OVpxdAk7FROQ1CkwXsc2fc.FiLgcXKTr6Z6uDxfMaLhjI86iYlrgXkGdmT1khJuk41KReZ1XJeh7lqaaQ

Published financial data: HEIDRICK & STRUGGLES INTERNATIONAL, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)
Revenues	622M	1B	1.07B	1.03B	1.1B
Total Revenues	622M	1B	1.07B	1.03B	1.1B
Cost of Goods Sold, Total	450M	770M	808M	765M	835M
Gross Profit	171M	233M	265M	262M	264M
Selling General & Admin Expenses, Total	121M	119M	133M	155M	165M
R&D Expenses	-	-	20.41M	22.7M	23.06M
Other Operating Expenses	0	0	0	0	0
Other Operating Expenses, Total	121M	119M	153M	178M	188M
Operating Income	49.81M	113M	112M	84.16M	76.31M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	204K	302K	5.34M	11.62M	14.42M
Net Interest Expenses	204K	302K	5.34M	11.62M	14.42M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	3.93M	7.46M	-4.77M	-1.22M	6.04M
EBT, Excl. Unusual Items	53.94M	121M	113M	94.55M	96.77M
Restructuring Charges	-52.37M	-3.79M	-	-	-6.94M
Impairment of Goodwill	-32.97M	-	-	-7.25M	-59.48M
Gain (Loss) On Sale Of Investments	-	1K	2.41M	2.92M	2.66M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-11.37M	-	-1.55M	-2.36M
EBT, Incl. Unusual Items	-31.4M	106M	115M	88.67M	30.65M
Income Tax Expense	6.31M	33.46M	35.75M	34.26M	21.92M
Earnings From Continuing Operations	-37.71M	72.57M	79.49M	54.41M	8.73M
Net Income to Company	-37.71M	72.57M	79.49M	54.41M	8.73M
Net Income - (IS)	-37.71M	72.57M	79.49M	54.41M	8.73M
Net Income to Common Incl Extra Items	-37.71M	72.57M	79.49M	54.41M	8.73M
Net Income to Common Excl. Extra Items	-37.71M	72.57M	79.49M	54.41M	8.73M
Per Share Items
Net EPS - Basic	-1.95	3.72	4.02	2.72	0.43
Basic EPS - Continuing Operations	-1.95	3.72	4.02	2.72	0.43
Basic Weighted Average Shares Outstanding	19.3M	19.52M	19.76M	20.03M	20.29M
Net EPS - Diluted	-1.95	3.58	3.86	2.62	0.41
Diluted EPS - Continuing Operations	-1.95	3.58	3.86	2.62	0.41
Diluted Weighted Average Shares Outstanding	19.3M	20.3M	20.62M	20.77M	21.19M
Normalized Basic EPS	1.75	3.88	3.57	2.95	2.98
Normalized Diluted EPS	1.75	3.73	3.42	2.85	2.85
Dividend Per Share	0.6	0.6	0.6	0.6	0.6
Payout Ratio	-31.99	16.13	14.92	22.13	139.49
Supplemental Items
EBITDA	58.57M	123M	123M	103M	95.17M
EBITA	50.51M	116M	115M	93.55M	84.38M
EBIT	49.81M	113M	112M	84.16M	76.31M
EBITDAR	86.84M	147M	146M	131M	128M
Total Revenues (As Reported)	629M	1.01B	1.08B	1.04B	1.12B
Effective Tax Rate - (Ratio)	-20.09	31.55	31.02	38.64	71.53
Current Domestic Taxes	6.42M	30.54M	20.15M	16.65M	26.6M
Current Foreign Taxes	2.17M	9.8M	8.81M	12.72M	13.86M
Total Current Taxes	8.59M	40.34M	28.97M	29.37M	40.45M
Deferred Domestic Taxes	-3.11M	-5.2M	4.82M	4.33M	-16.66M
Deferred Foreign Taxes	833K	-1.69M	1.97M	557K	-1.87M
Total Deferred Taxes	-2.28M	-6.89M	6.78M	4.89M	-18.53M
Normalized Net Income	33.72M	75.74M	70.52M	59.1M	60.48M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	352K	361K	376K	555K	429K
Supplemental Operating Expense Items
General and Administrative Expenses	93.1M	95.52M	109M	126M	132M
Research And Development Expense From Footnotes	-	-	20.41M	22.7M	23.06M
Net Rental Expense, Total	28.27M	23.86M	23.52M	28.81M	32.65M
Stock-Based Comp., COGS (Total)	12.97M	20.08M	14.65M	10.63M	14.92M
Stock-Based Comp., G&A Exp. (Total)	460K	345K	810K	1.01M	1.25M
Total Stock-Based Compensation	13.43M	20.43M	15.46M	11.65M	16.17M

Fiscal Period: December	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)
Assets
Cash And Equivalents	316M	545M	355M	413M	516M
Short Term Investments	20M	-	266M	65.54M	47.9M
Total Cash And Short Term Investments	336M	545M	622M	478M	564M
Accounts Receivable, Total	108M	171M	162M	165M	167M
Other Receivables	5.86M	3.21M	10.95M	10.41M	6.47M
Total Receivables	114M	174M	173M	176M	174M
Prepaid Expenses	18.96M	21.75M	24.1M	23.6M	28.72M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	3.63M	4.51M	5.43M	15.83M	6.78M
Total Current Assets	473M	745M	824M	693M	773M
Gross Property Plant And Equipment	173M	154M	157M	185M	195M
Accumulated Depreciation	-57.19M	-54.39M	-55.03M	-62.87M	-60.09M
Net Property Plant And Equipment	116M	99.4M	102M	122M	135M
Goodwill	91.64M	139M	138M	202M	138M
Other Intangibles, Total	1.13M	9.17M	6.33M	20.84M	12.48M
Deferred Tax Assets Long-Term	35.96M	42.17M	33.99M	28M	41.9M
Other Long-Term Assets, Total	70.23M	72.14M	71.47M	75.46M	93.77M
Total Assets	788M	1.11B	1.18B	1.14B	1.19B
Liabilities
Accounts Payable, Total	8.8M	20.37M	14.61M	20.84M	25.09M
Accrued Expenses, Total	219M	410M	451M	323M	354M
Current Portion of Leases	28.98M	19.33M	19.55M	21.5M	17.65M
Current Income Taxes Payable	1.19M	10M	4.08M	6.06M	14.29M
Unearned Revenue Current, Total	38.05M	51.4M	43.06M	45.73M	51.08M
Other Current Liabilities	21.88M	23.22M	56.02M	21.82M	21.37M
Total Current Liabilities	318M	535M	588M	439M	483M
Long-Term Leases	86.82M	65.62M	63.3M	78.2M	83.15M
Pension & Other Post Retirement Benefits	53.5M	55.59M	48.46M	62.1M	72.14M
Deferred Tax Liability Non Current	100K	100K	500K	6.4M	1.62M
Other Non Current Liabilities	61.56M	115M	64.26M	93.92M	101M
Total Liabilities	520M	771M	765M	679M	741M
Common Stock, Total	196K	196K	199K	201K	204K
Additional Paid In Capital	231M	233M	247M	252M	261M
Retained Earnings	40.98M	101M	168M	210M	206M
Treasury Stock	-8.04M	-191K	-191K	-110K	-110K
Comprehensive Income and Other	3.42M	1.68M	-4.19M	129K	-14.04M
Total Common Equity	268M	336M	411M	462M	453M
Total Equity	268M	336M	411M	462M	453M
Total Liabilities And Equity	788M	1.11B	1.18B	1.14B	1.19B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.36M	19.59M	19.86M	20.12M	20.41M
ECS Total Common Shares Outstanding	19.36M	19.59M	19.86M	20.12M	20.41M
Book Value / Share	13.82	17.15	20.68	22.97	22.19
Tangible Book Value	175M	188M	266M	239M	302M
Tangible Book Value Per Share	9.03	9.61	13.39	11.89	14.82
Total Debt	116M	84.96M	82.85M	99.7M	101M
Net Debt	-221M	-460M	-539M	-378M	-463M
Debt Equivalent of Unfunded Proj. Benefit Obligation	6.45M	5.59M	1.35M	2.02M	1.3M
Debt Equivalent Oper. Leases	226M	191M	188M	230M	261M
Account Code - Inventory Valuation	3	3	-	3	3
Machinery, Total	40.36M	39.23M	44.41M	53.57M	62.03M
Full Time Employees	1.56K	1.85K	2.14K	2.21K	2.2K
Accumulated Allowance for Doubtful Accounts (Supple)	6.56M	5.67M	6.64M	6.95M	7.3M

Fiscal Period: December	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)
Net Income	-37.71M	72.57M	79.49M	54.41M	8.73M
Depreciation & Amortization - CF	8.06M	7.06M	7.4M	9.11M	10.78M
Amortization of Goodwill and Intangible Assets - (CF)	700K	2.9M	3.2M	9.4M	8.08M
Depreciation & Amortization, Total	8.76M	9.96M	10.6M	18.51M	18.86M
(Gain) Loss From Sale Of Asset	287K	135K	392K	209K	454K
(Gain) Loss on Sale of Investments - (CF)	-154K	-1K	-2.41M	-2.92M	-2.66M
Asset Writedown & Restructuring Costs	50.87M	9.6M	-	7.25M	59.48M
Stock-Based Compensation (CF)	10.2M	12.76M	16.69M	10.83M	12.72M
Other Operating Activities, Total	-1.68M	-7M	7.91M	13.45M	-17.5M
Change In Accounts Receivable	22.64M	-36.82M	4.52M	6.91M	-4.52M
Change In Accounts Payable	451K	-332K	-5.73M	-131K	4.62M
Change in Unearned Revenues	-3.69M	12.78M	-7.24M	2.04M	6.27M
Change In Income Taxes	-4.02M	11.38M	-13.61M	-6.69M	12.33M
Change in Other Net Operating Assets	-22.61M	186M	28.67M	-131M	51.64M
Cash from Operations	23.35M	271M	119M	-26.79M	150M
Capital Expenditure	-7.32M	-6.24M	-11.13M	-13.43M	-26.32M
Cash Acquisitions	-	-33.52M	-	-49.86M	-
Investment in Marketable and Equity Securities, Total	39.95M	18.5M	-268M	197M	11.7M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	32.63M	-21.26M	-280M	134M	-14.62M
Short Term Debt Issued, Total	100M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	100M	-	-	-	-
Short Term Debt Repaid, Total	-100M	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-100M	-	-	-	-
Repurchase of Common Stock	-1.55M	-3.14M	-3.22M	-5.04M	-3.82M
Common Dividends Paid	-12.06M	-11.71M	-11.86M	-12.04M	-12.18M
Common & Preferred Stock Dividends Paid	-12.06M	-11.71M	-11.86M	-12.04M	-12.18M
Other Financing Activities, Total	-2.79M	-669K	-609K	-36.44M	-748K
Cash from Financing	-16.4M	-15.52M	-15.68M	-53.53M	-16.74M
Foreign Exchange Rate Adjustments	5.19M	-5.86M	-13.77M	3.85M	-15.88M
Net Change in Cash	44.77M	229M	-190M	57.13M	103M
Supplemental Items
Cash Interest Paid	761K	-	-	-	-
Cash Income Tax Paid (Refund)	12.15M	28.62M	41.91M	22.14M	26.12M
Levered Free Cash Flow	46.26M	257M	137M	-95.27M	110M
Unlevered Free Cash Flow	46.26M	257M	137M	-95.27M	110M
Change In Net Working Capital	-263K	-162M	-51.52M	165M	-53.77M
Net Debt Issued / Repaid	0	-	-	-	-

Fiscal Period: December	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)
Profitability
Return on Assets	3.82	7.48	6.15	4.54	4.08
Return on Total Capital	7.76	17.63	15.35	9.97	8.55
Return On Equity %	-13.08	24.05	21.29	12.47	1.91
Return on Common Equity	-13.08	24.05	21.29	12.47	1.91
Margin Analysis
Gross Profit Margin %	27.54	23.21	24.72	25.49	24.03
SG&A Margin	19.53	11.9	12.36	15.09	14.99
EBITDA Margin %	9.42	12.3	11.45	10	8.66
EBITA Margin %	8.13	11.6	10.76	9.11	7.68
EBIT Margin %	8.01	11.31	10.46	8.2	6.95
Income From Continuing Operations Margin %	-6.07	7.24	7.4	5.3	0.79
Net Income Margin %	-6.07	7.24	7.4	5.3	0.79
Net Avail. For Common Margin %	-6.07	7.24	7.4	5.3	0.79
Normalized Net Income Margin	5.42	7.55	6.57	5.75	5.51
Levered Free Cash Flow Margin	7.44	25.64	12.73	-9.28	10.03
Unlevered Free Cash Flow Margin	7.44	25.64	12.73	-9.28	10.03
Asset Turnover
Asset Turnover	0.76	1.06	0.94	0.89	0.94
Fixed Assets Turnover	5.09	9.31	10.68	9.19	8.55
Receivables Turnover (Average Receivables)	5.2	7.2	6.46	6.28	6.6
Short Term Liquidity
Current Ratio	1.49	1.39	1.4	1.58	1.6
Quick Ratio	1.41	1.34	1.35	1.49	1.53
Operating Cash Flow to Current Liabilities	0.07	0.51	0.2	-0.06	0.31
Days Sales Outstanding (Average Receivables)	70.42	50.67	56.51	58.11	55.42
Average Days Payable Outstanding	7.08	6.91	7.9	8.46	10.07
Long Term Solvency
Total Debt/Equity	43.27	25.28	20.18	21.57	22.26
Total Debt / Total Capital	30.2	20.18	16.79	17.74	18.21
LT Debt/Equity	32.44	19.53	15.41	16.92	18.36
Long-Term Debt / Total Capital	22.64	15.59	12.83	13.92	15.02
Total Liabilities / Total Assets	66.03	69.64	65.07	59.51	62.08
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	1.33	0.58	0.57	0.76	0.79
Net Debt / EBITDA	-2.54	-3.13	-3.68	-2.88	-3.62
Total Debt / (EBITDA - Capex)	1.46	0.6	0.61	0.84	0.99
Net Debt / (EBITDA - Capex)	-2.78	-3.26	-3.98	-3.21	-4.56
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-12.07	61.35	7.03	-4.34	6.98
Gross Profit, 1 Yr. Growth %	-16.55	39.58	13.98	-1.34	0.84
EBITDA, 1 Yr. Growth %	-25.56	110.66	9.69	-16.68	-7.3
EBITA, 1 Yr. Growth %	-27.01	130.29	10.01	-19.23	-9.8
EBIT, 1 Yr. Growth %	-27.08	127.7	10	-25.27	-9.33
Earnings From Cont. Operations, 1 Yr. Growth %	-180.45	-292.46	9.53	-31.55	-83.96
Net Income, 1 Yr. Growth %	-180.45	-292.46	9.53	-31.55	-83.96
Normalized Net Income, 1 Yr. Growth %	-27.19	125.3	2.74	-16.46	2.34
Diluted EPS Before Extra, 1 Yr. Growth %	-181.4	-283.25	7.82	-32.12	-84.35
Accounts Receivable, 1 Yr. Growth %	-17.99	58.38	-5.25	2.16	1.37
Net Property, Plant and Equip., 1 Yr. Growth %	-9.28	-14.43	2.27	19.82	10.99
Total Assets, 1 Yr. Growth %	-6.68	40.49	6.22	-2.9	4.61
Tangible Book Value, 1 Yr. Growth %	-3.06	7.72	41.22	-10.06	26.46
Common Equity, 1 Yr. Growth %	-13.43	25.57	22.21	12.57	-2.05
Cash From Operations, 1 Yr. Growth %	-70.31	1.06K	-56.05	-122.46	-661.48
Capital Expenditures, 1 Yr. Growth %	118.44	-14.78	78.43	20.65	95.9
Levered Free Cash Flow, 1 Yr. Growth %	-31.79	456	-45.37	-169	-215.65
Unlevered Free Cash Flow, 1 Yr. Growth %	-31.79	456	-45.37	-169	-215.65
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.83	19.11	31.41	1.18	1.16
Gross Profit, 2 Yr. CAGR %	-9.64	7.69	26.13	6.04	-0.26
EBITDA, 2 Yr. CAGR %	-15.83	25.76	30.39	-8.96	-12.12
EBITA, 2 Yr. CAGR %	-16.03	30.27	51.19	-10.51	-14.65
EBIT, 2 Yr. CAGR %	-15.73	29.49	50.12	-14.05	-17.69
Earnings From Cont. Operations, 2 Yr. CAGR %	-12.54	24.43	45.19	-13.41	-66.86
Net Income, 2 Yr. CAGR %	-12.54	24.43	45.19	-13.41	-66.86
Normalized Net Income, 2 Yr. CAGR %	-13.31	29	44.83	-10.28	-7.54
Diluted EPS Before Extra, 2 Yr. CAGR %	-11.95	22.13	40.56	-14.45	-67.41
Accounts Receivable, 2 Yr. CAGR %	-11.93	13.97	22.5	-1.62	1.76
Net Property, Plant and Equip., 2 Yr. CAGR %	85.19	-11.89	-6.45	10.7	15.32
Total Assets, 2 Yr. CAGR %	6.04	14.5	22.16	1.56	0.79
Tangible Book Value, 2 Yr. CAGR %	10.63	2.19	23.34	12.7	6.65
Common Equity, 2 Yr. CAGR %	0.08	4.26	23.88	17.29	5.01
Cash From Operations, 2 Yr. CAGR %	-52.36	85.77	126.01	-68.58	12.3
Capital Expenditures, 2 Yr. CAGR %	10.84	36.44	23.31	46.72	53.74
Levered Free Cash Flow, 2 Yr. CAGR %	-23.46	95.35	50.95	-39.18	-10.67
Unlevered Free Cash Flow, 2 Yr. CAGR %	-23.46	95.35	50.95	-39.18	-10.67
Dividend Per Share, 2 Yr. CAGR %	7.42	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.01	11.89	14.94	18.21	3.08
Gross Profit, 3 Yr. CAGR %	-2.93	3.55	9.75	16.21	4.28
EBITDA, 3 Yr. CAGR %	1.7	14.28	16.35	12.41	-8.41
EBITA, 3 Yr. CAGR %	3.7	17.54	18.99	22.81	-10.27
EBIT, 3 Yr. CAGR %	6.79	17.38	18.4	19.1	-12.5
Earnings From Cont. Operations, 3 Yr. CAGR %	-8.13	13.76	19.25	13	-50.64
Net Income, 3 Yr. CAGR %	-8.13	13.76	19.25	13	-50.64
Normalized Net Income, 3 Yr. CAGR %	12.38	19.08	15.71	20.69	-6.26
Diluted EPS Before Extra, 3 Yr. CAGR %	-9.09	12.42	17.16	10.28	-51.44
Accounts Receivable, 3 Yr. CAGR %	1.77	7.1	7.16	15.3	-0.63
Net Property, Plant and Equip., 3 Yr. CAGR %	43.25	43.17	-7.4	1.6	10.8
Total Assets, 3 Yr. CAGR %	10.29	16.46	11.67	13.16	2.57
Tangible Book Value, 3 Yr. CAGR %	24.02	9.65	13.82	11.01	17.11
Common Equity, 3 Yr. CAGR %	7.95	7.94	9.93	19.99	10.46
Cash From Operations, 3 Yr. CAGR %	-29.61	38.16	14.9	4.69	-17.86
Capital Expenditures, 3 Yr. CAGR %	-19.47	1.54	49.2	22.42	61.56
Levered Free Cash Flow, 3 Yr. CAGR %	-14.35	48.23	26.56	16.69	-24.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	-14.35	48.23	26.56	16.69	-24.65
Dividend Per Share, 3 Yr. CAGR %	4.89	4.89	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.2	11.49	11.55	7.48	9.22
Gross Profit, 5 Yr. CAGR %	1.14	5.01	7.23	4.54	5.63
EBITDA, 5 Yr. CAGR %	3.61	18.73	17.15	4.43	4.06
EBITA, 5 Yr. CAGR %	4.64	22.04	20.58	5.48	4.25
EBIT, 5 Yr. CAGR %	7.1	25.89	22.38	3.71	2.44
Earnings From Cont. Operations, 5 Yr. CAGR %	17.09	36.33	10.32	1.99	-28.55
Net Income, 5 Yr. CAGR %	17.09	36.33	10.32	1.99	-28.55
Normalized Net Income, 5 Yr. CAGR %	10.43	25.84	24.31	5.67	5.85
Diluted EPS Before Extra, 5 Yr. CAGR %	16.25	34.61	8.22	0.78	-29.77
Accounts Receivable, 5 Yr. CAGR %	7.22	12.87	9.61	3.52	4.97
Net Property, Plant and Equip., 5 Yr. CAGR %	26.05	23.15	20.8	29.17	1.09
Total Assets, 5 Yr. CAGR %	6.59	13.74	14.89	10.26	7.18
Tangible Book Value, 5 Yr. CAGR %	10.74	16.96	23.75	10.86	10.9
Common Equity, 5 Yr. CAGR %	0.99	5.38	14.06	11.59	7.93
Cash From Operations, 5 Yr. CAGR %	-16.51	65.4	12.24	-23.6	13.85
Capital Expenditures, 5 Yr. CAGR %	-14.92	3.12	-4.51	17.65	51
Levered Free Cash Flow, 5 Yr. CAGR %	1.8	73.96	13.16	3.82	10.33
Unlevered Free Cash Flow, 5 Yr. CAGR %	1.76	73.96	13.16	3.82	10.33
Dividend Per Share, 5 Yr. CAGR %	2.9	2.9	2.9	2.9	0