Hamilton Lane INC
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Stockholders’ Equity for the and
Condensed Consolidated Statements of Stockholders’ Equity
| Class A Common Stock | Class B Common Stock | Additional Paid in Capital | Retained Earnings | Non-ControllingInterests in General Partnerships | Non-ControllingInterests in Hamilton Lane Advisors, L.L.C. | Non-Controlling Interests in Consolidated Funds | Total Equity | |
|---|---|---|---|---|---|---|---|---|
| Balance at March 31, 2023 | $39 | $15 | $171,567 | $243,823 | $3,877 | $135,702 | $19,169 | $574,192 |
| Net income | — | — | — | 92,498 | 171 | 52,733 | 4,980 | 150,382 |
| Equity-based compensation | — | — | 6,468 | — | — | 2,759 | — | 9,227 |
| Repurchase of Class A shares for employee tax withholding | — | — | (189) | — | — | (80) | — | (269) |
| Dividends declared | — | — | — | (50,357) | — | — | — | (50,357) |
| Capital contributions from non-controlling interests, net | — | — | — | — | 724 | — | 142,924 | 143,648 |
| Member distributions | — | — | — | — | — | (37,310) | — | (37,310) |
| Employee Share Purchase Plan share issuance | — | — | 1,167 | — | — | 499 | — | 1,666 |
| Deconsolidation of consolidated fund | — | — | — | — | — | — | (167,073) | (167,073) |
| Equity reallocation between controlling and non-controlling interests | — | — | 2,916 | — | — | (2,916) | — | — |
| Balance at December 31, 2023 | $39 | $15 | $181,929 | $285,964 | $4,772 | $151,387 | $— | $624,106 |
| Class A Common Stock | Class B Common Stock | Additional Paid in Capital | Retained Earnings | Non-ControllingInterests in General Partnerships | Non-ControllingInterests in Hamilton Lane Advisors, L.L.C. | Non-Controlling Interests in Consolidated Funds | Total Equity | |
|---|---|---|---|---|---|---|---|---|
| Balance at March 31, 2022 | $37 | $16 | $161,676 | $185,149 | $3,423 | $111,185 | $— | $461,486 |
| Net income | — | — | — | 78,034 | 773 | 51,326 | — | 130,133 |
| Equity-based compensation | — | — | 4,702 | — | — | 2,114 | — | 6,816 |
| Repurchase of Class A shares for employee tax withholding | — | — | (112) | — | — | (50) | — | (162) |
| Dividends declared | — | — | — | (44,413) | — | — | — | (44,413) |
| Capital distributions to non-controlling interests, net | — | — | — | — | (543) | — | — | (543) |
| Member distributions | — | — | — | — | — | (37,871) | — | (37,871) |
| Employee Share Purchase Plan share issuance | 1 | — | 993 | — | — | 447 | — | 1,441 |
| Adjustment of redeemable non-controlling interest to redemption value | — | — | — | 9,016 | — | 4,055 | — | 13,071 |
| Equity reallocation between controlling and non-controlling interests | — | — | (438) | — | — | 438 | — | — |
| Balance at December 31, 2022 | $38 | $16 | $166,821 | $227,786 | $3,653 | $131,644 | $— | $529,958 |
Condensed Consolidated Statements of Stockholders’ Equity
| Class A Common Stock | Class B Common Stock | Additional Paid in Capital | Retained Earnings | Non-ControllingInterests in General Partnerships | Non-ControllingInterests in Hamilton Lane Advisors, L.L.C. | Non-Controlling Interests in Consolidated Funds | Total Equity | |
|---|---|---|---|---|---|---|---|---|
| Balance at September 30, 2023 | $39 | $15 | $179,215 | $283,251 | $4,408 | $147,567 | $167,073 | $781,568 |
| Net income | — | — | — | 19,506 | 82 | 14,944 | — | 34,532 |
| Equity-based compensation | — | — | 2,287 | — | — | 977 | — | 3,264 |
| Repurchase of Class A shares for employee tax withholding | — | — | (113) | — | — | (48) | — | (161) |
| Dividends declared | — | — | — | (16,793) | — | — | — | (16,793) |
| Capital contributions to non-controlling interests, net | — | — | — | — | 282 | — | — | 282 |
| Member distributions | — | — | — | — | — | (12,098) | — | (12,098) |
| Employee Share Purchase Plan share issuance | — | — | 410 | — | — | 175 | — | 585 |
| Deconsolidation of consolidated fund | — | — | — | — | — | — | (167,073) | (167,073) |
| Equity reallocation between controlling and non-controlling interests | — | — | 130 | — | — | (130) | — | — |
| Balance at December 31, 2023 | $39 | $15 | $181,929 | $285,964 | $4,772 | $151,387 | $— | $624,106 |
| Class A Common Stock | Class B Common Stock | Additional Paid in Capital | Retained Earnings | Non-ControllingInterests in General Partnerships | Non-ControllingInterests in Hamilton Lane Advisors, L.L.C. | Non-Controlling Interests in Consolidated Funds | Total Equity | |
|---|---|---|---|---|---|---|---|---|
| Balance at September 30, 2022 | $38 | $16 | $164,763 | $225,957 | $3,820 | $130,384 | $— | $524,978 |
| Net income | — | — | — | 9,669 | 422 | 9,146 | — | 19,237 |
| Equity-based compensation | — | — | 1,956 | — | — | 879 | — | 2,835 |
| Repurchase of Class A shares for employee tax withholding | — | — | (48) | — | — | (22) | — | (70) |
| Dividends declared | — | — | — | (14,810) | — | — | — | (14,810) |
| Capital distribution to non-controlling interests, net | — | — | — | — | (589) | — | — | (589) |
| Member distributions | — | — | — | — | — | (12,164) | — | (12,164) |
| Employee Share Purchase Plan share issuance | — | — | 303 | — | — | 136 | — | 439 |
| Equity reallocation between controlling and non-controlling interests | — | — | (153) | — | — | 153 | — | — |
| Adjustment of redeemable non-controlling interest to redemption value | — | — | — | 6,970 | — | 3,132 | — | 10,102 |
| Balance at December 31, 2022 | $38 | $16 | $166,821 | $227,786 | $3,653 | $131,644 | $— | $529,958 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.