Hamilton Lane INC
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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 Statements of Income for theand
Condensed Consolidated Statements of Income
(In thousands, except per share amounts)
| Three Months Ended September 30, | Six Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Management and advisory fees | $119,783 | $109,184 | $259,745 | $214,592 |
| Incentive fees | 30,216 | 17,692 | 86,985 | 37,322 |
| Total revenues | 149,999 | 126,876 | 346,730 | 251,914 |
| Expenses | ||||
| Compensation and benefits | 55,070 | 45,930 | 133,504 | 90,032 |
| General, administrative and other | 27,737 | 24,994 | 56,274 | 50,755 |
| Consolidated variable interest entities related: | ||||
| General, administrative and other | — | 355 | 149 | 588 |
| Total expenses | 82,807 | 71,279 | 189,927 | 141,375 |
| Other income (expense) | ||||
| Equity in income of investees | 6,372 | 8,251 | 13,762 | 20,117 |
| Interest expense | (2,704) | (2,743) | (5,651) | (5,632) |
| Interest income | 1,406 | 1,099 | 2,171 | 2,036 |
| Non-operating gain (loss) | 1,437 | (1,215) | 11,251 | (982) |
| Consolidated variable interest entities related: | ||||
| Equity in income of investees | 957 | 288 | 1,884 | 419 |
| Unrealized gain | 2,342 | 2,241 | 3,539 | 3,034 |
| Interest expense | — | — | — | (6) |
| Interest income | 92 | 2,841 | 108 | 4,581 |
| Total other income (expense) | 9,902 | 10,762 | 27,064 | 23,567 |
| Income before income taxes | 77,094 | 66,359 | 183,867 | 134,106 |
| Income tax expense | 1,172 | 1,856 | 20,859 | 18,256 |
| Net income | 75,922 | 64,503 | 163,008 | 115,850 |
| Less: Income attributable to non-controlling interests in general partnerships | 388 | 87 | 733 | 88 |
| Less: Income attributable to non-controlling interests in Hamilton Lane Advisors, L.L.C. | 19,850 | 18,654 | 47,495 | 37,790 |
| Less: Income attributable to non-controlling interests in consolidated funds | 702 | 3,768 | 834 | 4,980 |
| Net income attributable to Hamilton Lane Incorporated | $54,982 | $41,994 | $113,946 | $72,992 |
| Basic earnings per share of Class A common stock | $1.38 | $1.11 | $2.87 | $1.94 |
| Diluted earnings per share of Class A common stock | $1.37 | $1.11 | $2.85 | $1.92 |
| Dividends declared per share of Class A common stock | $0.49 | $0.45 | $0.98 | $0.89 |
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