XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenues        
Total revenues $ 125,264 $ 127,074 $ 377,177 $ 415,965
Expenses        
Compensation and benefits 49,706 45,676 139,738 158,235
Total expenses 73,870 68,702 215,246 225,242
Other income (expense)        
Equity in (loss) income of investees (46) 650 20,071 (7,493)
Interest income 1,500 442 3,536 839
Non-operating loss (8) (27,960) (989) (11,878)
Consolidated variable interest entities related:        
Total other income (expense) (1,062) (24,700) 22,506 (16,207)
Income before income taxes 50,332 33,672 184,437 174,516
Income tax expense 15,800 11,788 34,055 38,766
Net income 34,532 21,884 150,382 135,750
Net income attributable to Hamilton Lane Incorporated 19,506 9,669 92,498 78,034
Class A Common Stock        
Consolidated variable interest entities related:        
Net income attributable to Hamilton Lane Incorporated $ 19,506 $ 9,669 $ 92,498 $ 78,034
Basic earnings per share of Class A common stock (in dollars per share) $ 0.52 $ 0.32 $ 2.45 $ 2.21
Diluted earnings per share of Class A common stock (in dollars per share) 0.51 0.31 2.43 2.19
Dividends declared per share of Class A common stock (in dollars per share) $ 0.45 $ 0.40 $ 1.34 $ 1.20
Consolidated entity, excluding VIE        
Expenses        
General, administrative and other $ 24,152 $ 22,717 $ 74,908 $ 66,066
Other income (expense)        
Interest expense (2,748) (2,419) (8,381) (6,027)
Consolidated VIEs        
Expenses        
General, administrative and other 12 309 600 941
Other income (expense)        
Interest expense 0 0 (6) 0
Interest income 0 2,111 4,581 2,989
Consolidated variable interest entities related:        
Equity in income of investees 240 389 660 1,030
Unrealized gain 0 2,087 3,034 4,333
General Partnerships        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 82 422 171 773
Hamilton Lane Advisors, L.L.C.        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 14,944 9,146 52,733 51,326
Hamilton Lane Alliance Holdings I, Inc.        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 0 2,647 0 5,617
Consolidated Funds        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 0 0 4,980 0
Management and advisory fees        
Revenues        
Total revenues 113,641 97,355 328,232 276,182
Incentive fees        
Revenues        
Total revenues 11,623 29,719 48,945 139,783
Incentive fees | Consolidated entity, excluding VIE        
Revenues        
Total revenues 11,623 24,075 48,945 132,835
Incentive fees | Consolidated VIEs        
Revenues        
Total revenues $ 0 $ 5,644 $ 0 $ 6,948