Huron Consulting Group Inc

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

HURN$166.47+3.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets at December 31, 2024 and 2023

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

	December 31, 2024	December 31, 2023
Assets
Current assets:
Cash and cash equivalents	$21,911	$12,149
Receivables from clients, net of allowances of $11,575 and $17,284, respectively	197,771	162,566
Unbilled services, net of allowances of $2,203 and $5,984, respectively	160,017	190,869
Income tax receivable	1,355	6,385
Prepaid expenses and other current assets	28,063	28,491
Total current assets	409,117	400,460
Property and equipment, net	21,678	23,728
Deferred income taxes, net	2,546	2,288
Long-term investments	69,712	75,414
Operating lease right-of-use assets	19,176	24,131
Other non-current assets	116,569	92,336
Intangible assets, net	26,076	18,074
Goodwill	678,743	625,711
Total assets	$1,343,617	$1,262,142
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$11,539	$10,074
Accrued expenses and other current liabilities	26,768	33,087
Accrued payroll and related benefits	247,579	225,921
Current maturities of long-term debt	13,750	—
Current maturities of operating lease liabilities	12,315	11,032
Deferred revenues	26,869	22,461
Total current liabilities	338,820	302,575
Non-current liabilities:
Deferred compensation and other liabilities	42,481	35,665
Long-term debt, net of current portion	342,857	324,000
Operating lease liabilities, net of current portion	29,686	38,850
Deferred income taxes, net	28,446	28,160
Total non-current liabilities	443,470	426,675
Commitments and contingencies
Stockholders’ equity
Common stock; $0.01 par value; 500,000,000 shares authorized; 20,780,928 and 21,316,441 shares issued, respectively	208	212
Treasury stock, at cost, 3,065,633 and 2,852,296 shares, respectively	(160,093)	(142,136)
Additional paid-in capital	177,673	236,962
Retained earnings	531,653	415,027
Accumulated other comprehensive income	11,886	22,827
Total stockholders’ equity	561,327	532,892
Total liabilities and stockholders’ equity	$1,343,617	$1,262,142

CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME

(In thousands, except per share amounts)

	Year Ended December 31,
	2024	2023	2022
Revenues:
Revenues before reimbursable expenses	$1,486,085	$1,362,060	$1,132,455
Reimbursable expenses	35,720	36,695	26,506
Total revenues	1,521,805	1,398,755	1,158,961
Operating expenses:
Direct costs (exclusive of depreciation and amortization included below)	1,010,077	942,697	785,881
Reimbursable expenses	35,715	36,766	26,671
Selling, general and administrative expenses	286,655	257,932	209,574
Other gains, net	(14,196)	(444)	(193)
Restructuring charges	9,913	11,550	9,909
Depreciation and amortization	24,822	24,906	27,359
Total operating expenses	1,352,986	1,273,407	1,059,201
Operating income	168,819	125,348	99,760
Other income (expense), net:
Interest expense, net of interest income	(25,347)	(19,573)	(11,883)
Other income (expense), net	10,544	(21,880)	20,700
Total other income (expense), net	(14,803)	(41,453)	8,817
Income before taxes	154,016	83,895	108,577
Income tax expense	37,390	21,416	33,025
Net income	$116,626	$62,479	$75,552
Earnings per share:
Net income per basic share	$6.52	$3.32	$3.73
Net income per diluted share	$6.27	$3.19	$3.64
Weighted average shares used in calculating earnings per share:
Basic	17,894	18,832	20,249
Diluted	18,613	19,601	20,746
Comprehensive income (loss):
Net income	$116,626	$62,479	$75,552
Foreign currency translation adjustments, net of tax	(3,391)	512	(1,890)
Unrealized gain (loss) on investment, net of tax	(4,177)	7,811	(6,146)
Unrealized gain (loss) on cash flow hedging instruments, net of tax	(3,373)	(3,615)	9,315
Other comprehensive income (loss)	(10,941)	4,708	1,279
Comprehensive income	$105,685	$67,187	$76,831

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.