Hamilton Lane INC
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 6, 2024
HLNE$96.38+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets as of and
| December 31, | March 31, | |
|---|---|---|
| 2023 | 2023 | |
| Assets | ||
| Cash and cash equivalents | $164,450 | $99,686 |
| Restricted cash | 4,985 | 4,804 |
| Fees receivable | 67,751 | 47,140 |
| Prepaid expenses | 9,418 | 9,817 |
| Due from related parties | 9,969 | 7,186 |
| Furniture, fixtures and equipment, net | 33,389 | 28,425 |
| Lease right-of-use assets, net | 63,432 | 62,327 |
| Investments | 587,771 | 530,921 |
| Deferred income taxes | 225,922 | 233,912 |
| Other assets | 25,830 | 46,784 |
| Assets of consolidated variable interest entities: | ||
| Cash and cash equivalents | — | 12,062 |
| Investments | 15,855 | 57,044 |
| Other assets | 52 | 435 |
| Total assets | $1,208,824 | $1,140,543 |
| Liabilities and equity | ||
| Accounts payable | $3,313 | $4,559 |
| Accrued compensation and benefits | 58,048 | 24,190 |
| Accrued members’ distributions | 21,216 | 15,723 |
| Accrued dividend | 16,793 | 15,049 |
| Debt | 196,752 | 213,533 |
| Payable to related parties pursuant to tax receivable agreement | 173,818 | 174,702 |
| Lease liabilities | 80,373 | 78,817 |
| Other liabilities (includes $13,123 and $14,228 at fair value) | 34,403 | 32,856 |
| Liabilities of consolidated variable interest entities: | ||
| Other liabilities | 2 | 6,922 |
| Total liabilities | 584,718 | 566,351 |
| Commitments and contingencies (Note 15) | ||
| Preferred stock, $0.001 par value, 10,000,000 authorized, none issued | — | — |
| Class A common stock, $0.001 par value, 300,000,000 authorized; 38,604,787 and 38,611,919 issued and outstanding as of December 31, 2023 and March 31, 2023, respectively | 39 | 39 |
| Class B common stock, $0.001 par value, 50,000,000 authorized; 15,409,507 issued and outstanding as of each of December 31, 2023 and March 31, 2023 | 15 | 15 |
| Additional paid-in-capital | 181,929 | 171,567 |
| Retained earnings | 285,964 | 243,823 |
| Total Hamilton Lane Incorporated stockholders’ equity | 467,947 | 415,444 |
| Non-controlling interests in general partnerships | 4,772 | 3,877 |
| Non-controlling interests in Hamilton Lane Advisors, L.L.C. | 151,387 | 135,702 |
| Non-controlling interests in consolidated funds | — | 19,169 |
| Total equity | 624,106 | 574,192 |
| Total liabilities and equity | $1,208,824 | $1,140,543 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.