Lincoln International, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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, 2026 · Filed Nov 6, 2026
LCLN$26.57-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| ($ in thousands) | 2026 | 2025 |
| Cash Flows from Operating Activities | ||
| Net income | $16,824 | $107,847 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 57,972 | 23,961 |
| Non-cash lease expense | 11,700 | 10,818 |
| Equity-based compensation | 8,723 | 2,613 |
| Other non-cash activity | (2,039) | 805 |
| Liquidity Event share awards (Note 19) | 28,679 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 34,468 | 38,217 |
| Related-party receivables | 22,302 | (5,250) |
| Other assets and liabilities | (2,826) | (1,737) |
| Accounts payable and accrued expenses | (15,774) | (2,998) |
| Compensation payable | 77,387 | 4,441 |
| Lease liability | (12,105) | (12,597) |
| Net cash provided by operating activities | 225,311 | 166,120 |
| Cash Flows from Investing Activities | ||
| Purchases of property and equipment, net | (3,734) | (4,230) |
| Net cash used in investing activities | (3,734) | (4,230) |
| Cash Flows from Financing Activities | ||
| IPO proceeds less underwriter discount | 451,528 | — |
| Distributions of IPO proceeds to partners | (254,493) | — |
| Pre-offering distribution to partners | (70,626) | — |
| Distributions to partners | (142,233) | (136,314) |
| Contributions and other | 11,735 | 5,935 |
| Dividends paid to Class A common stockholders | (2,545) | — |
| Proceeds from issuance of Class A common stock | 701 | — |
| Repurchase of Class A common stock | (1,674) | — |
| Proceeds from exercise of stock options | 5,212 | — |
| Payment of contingent consideration | (3,294) | — |
| Payment on long-term debt | (196,765) | — |
| Proceeds from long-term debt | 25,000 | — |
| Proceeds from line of credit | — | 25,200 |
| Repayment of line of credit | — | (25,200) |
| Net cash used in financing activities | (177,454) | (130,379) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (1,096) | 5,897 |
| Net increase in cash, cash equivalents, and restricted cash | 43,027 | 37,408 |
| Cash, cash equivalents, and restricted cash, beginning of period | 324,827 | 228,988 |
| Cash, cash equivalents, and restricted cash, end of period | $367,854 | $266,396 |
| SUPPLEMENTAL CASH FLOWS DISCLOSURE | ||
| Cash paid during the period for: | ||
|---|---|---|
| Cash paid for income taxes | $6,069 | $4,475 |
| Cash paid for interest | $14,335 | $— |
| Other non-cash activity | ||
| Initial establishment of deferred tax asset | $66,923 | $— |
| Establishment of liability related to tax receivable agreement | $(85,216) | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.