Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2014

Condensed Consolidating Balance Sheet Information

Condensed Consolidating Balance Sheet Information as of June 30, 2014


	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	33,141	$	156	$	61,115	$	—		$	94,412
Accounts receivable, net		179,545		208,622		191,570		—			579,737
Intercompany receivables		—		775,962		15,247		(791,209	)
Other current assets		63,841		21,281		25,997		—			111,119

Total current assets		276,527		1,006,021		293,929		(791,209	)		785,268
Property and equipment, net		32,063		14,875		36,557		—			83,495
Goodwill		559,318		408,903		257,182		—			1,225,403
Other intangible assets, net		31,883		18,163		62,648		(26,424	)		86,270
Investments in subsidiaries		1,873,211		516,819		—		(2,390,030	)		—
Other assets		66,738		79,341		46,725		—			192,804

Total assets	$	2,839,740	$	2,044,122	$	697,041	$	(3,207,663	)	$	2,373,240

Liabilities
Intercompany payables	$	705,096	$	39,257	$	46,856	$	(791,209	)	$	—
Other current liabilities		121,886		88,773		98,215		—			308,874

Total current liabilities		826,982		128,030		145,071		(791,209	)		308,874
Long-term debt, net		700,000		11,000		—		—			711,000
Other liabilities		204,838		13,335		27,273		—			245,446

Total liabilities		1,731,820		152,365		172,344		(791,209	)		1,265,320
Stockholders’ equity		1,107,920		1,891,757		524,697		(2,416,454	)		1,107,920

Total liabilities and stockholders’ equity	$	2,839,740	$	2,044,122	$	697,041	$	(3,207,663	)	$	2,373,240

Condensed Consolidating Balance Sheet Information as of December 31, 2013


	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	111,943	$	494	$	93,396	$	—		$	205,833
Accounts receivable, net		154,357		162,505		159,583		—			476,445
Intercompany receivables		—		820,158		18,881		(839,039	)		—
Other current assets		68,292		20,932		32,359		—			121,583

Total current assets		334,592		1,004,089		304,219		(839,039	)		803,861
Property and equipment, net		31,304		19,047		28,656		—			79,007
Goodwill		559,820		408,903		250,010		—			1,218,733
Other intangible assets, net		33,746		19,534		72,221		(28,353	)		97,148
Investments in subsidiaries		1,772,130		498,001		—		(2,270,131	)		—
Other assets		75,561		56,949		33,688		—			166,198

Total assets	$	2,807,153	$	2,006,523	$	688,794	$	(3,137,523	)	$	2,364,947

Liabilities
Intercompany payables	$	709,628	$	74,813	$	54,598	$	(839,039	)	$	—
Other current liabilities		154,049		114,883		115,398		—			384,330

Total current liabilities		863,677		189,696		169,996		(839,039	)		384,330
Long-term debt, net		700,000		11,000		—		—			711,000
Other liabilities		201,217		15,009		11,132		—			227,358

Total liabilities		1,764,894		215,705		181,128		(839,039	)		1,322,688
Stockholders’ equity		1,042,259		1,790,818		507,666		(2,298,484	)		1,042,259

Total liabilities and stockholders’ equity	$	2,807,153	$	2,006,523	$	688,794	$	(3,137,523	)	$	2,364,947

Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended

June 30, 2014


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	155,457		$	269,329		$	131,805		$	(102,267	)	$	454,324
Operating expenses
Direct cost of revenues		98,574			210,455			88,439			(101,919	)		295,549
Selling, general and administrative expense		45,864			30,077			31,439			(348	)		107,032
Special charges		9,364			—			—			—			9,364
Acquisition-related contingent consideration		2			200			(207	)		—			(5	)
Amortization of other intangible assets		1,086			641			2,697			(972	)		3,452

Operating income		567			27,956			9,437			972			38,932
Other (expense) income		(12,262	)		(1,969	)		2,771			—			(11,460	)

Income (loss) before income tax provision		(11,695	)		25,987			12,208			972			27,472
Income tax (benefit) provision		(4,847	)		11,858			3,214			—			10,225
Equity in net earnings of subsidiaries		24,095			8,357			—			(32,452	)		—

Net income		17,247			22,486			8,994			(31,480	)		17,247

Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax $0		—			—			7,694			—			7,694

Total other comprehensive income, net of tax		—			—			7,694			—			7,694

Comprehensive income	$	17,247		$	22,486		$	16,688		$	(31,480	)	$	24,941

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended

June 30, 2013


	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	144,390		$	254,394	$	113,565		$	(97,736	)	$	414,613
Operating expenses
Direct cost of revenues		92,781			192,526		70,725			(96,504	)		259,528
Selling, general and administrative expense		38,575			28,614		30,367			(1,231	)		96,325
Acquisition-related contingent consideration		92			195		(7,739	)		—			(7,452	)
Amortization of other intangible assets		1,095			2,501		3,146			(789	)		5,953

Operating income		11,847			30,558		17,066			788			60,259
Other (expense) income		(16,773	)		202		3,113			—			(13,458	)

Income (loss) before income tax provision		(4,926	)		30,760		20,179			788			46,801
Income tax (benefit) provision		(4,290	)		24,090		3,515			—			23,315

Equity in net earnings of subsidiaries		24,122			15,679		—			(39,801	)		—

Net income		23,486			22,349		16,664			(39,013	)		23,486

Other comprehensive loss, net of tax:

Foreign currency translation adjustments, net of tax $0		—			—		(11,714	)		—			(11,714	)

Total other comprehensive income, net of tax		—			—		(11,714	)		—			(11,714	)

Comprehensive income	$	23,486		$	22,349	$	4,950		$	(39,013	)	$	11,772

Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended

June 30, 2014


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	306,489		$	521,412		$	252,332		$	(200,357	)	$	879,876
Operating expenses
Direct cost of revenues		198,072			406,154			165,296			(199,698	)		569,824
Selling, general and administrative expense		91,162			58,577			66,339			(659	)		215,419
Special charges		9,364			—			—			—			9,364
Acquisition-related contingent consideration		(596	)		(403	)		(849	)		—			(1,848	)
Amortization of other intangible assets		2,159			1,370			6,468			(1,929	)		8,068

Operating income		6,328			55,714			15,078			1,929			79,049
Other (expense) income		(25,576	)		(4,235	)		6,699			—			(23,112	)

Income (loss) before income tax provision		(19,248	)		51,479			21,777			1,929			55,937
Income tax (benefit) provision		(7,705	)		22,904			5,374			—			20,573
Equity in net earnings of subsidiaries		46,907			14,690			—			(61,597	)		—

Net income		35,364			43,265			16,403			(59,668	)		35,364

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0		—			—			12,422			—			12,422

Total other comprehensive income, net of tax		—			—			12,422			—			12,422

Comprehensive income	$	35,364		$	43,265		$	28,825		$	(59,668	)	$	47,786

Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended

June 30, 2013


	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	295,350		$	501,055	$	221,561		$	(196,175	)	$	821,791
Operating expenses
Direct cost of revenues		193,618			379,873		138,698			(194,181	)		518,008
Selling, general and administrative expense		81,471			56,590		56,905			(1,994	)		192,972
Special charges		323			104		—			—			427
Acquisition-related contingent consideration		179			195		(7,095	)		—			(6,721	)
Amortization of other intangible assets		2,322			4,948		5,829			(1,582	)		11,517

Operating income		17,437			59,345		27,224			1,582			105,588
Other (expense) income		(31,713	)		531		5,946			—			(25,236	)

Income (loss) before income tax provision		(14,276	)		59,876		33,170			1,582			80,352
Income tax (benefit) provision		(7,221	)		34,062		6,345			—			33,186

Equity in net earnings of subsidiaries		54,221			24,114		—			(78,335	)		—

Net income		47,166			49,928		26,825			(76,753	)		47,166

Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax $0		—			—		(27,223	)		—			(27,223	)

Total other comprehensive income, net of tax		—			—		(27,223	)		—			(27,223	)

Comprehensive income	$	47,166		$	49,928	$	(398	)	$	(76,753	)	$	19,943

Condensed Consolidating Statement of Cash Flow

Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2014


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash used in operating activities	$	(26,238	)	$	(33,013	)	$	(17,853	)	$	(77,104	)
Investing activities
Payments for acquisition of businesses, net of cash received		(14,656	)		—			(955	)		(15,611	)
Purchases of property and equipment		(7,140	)		(3,890	)		(10,748	)		(21,778	)
Other		(6	)		—			—			(6	)

Net cash used in investing activities		(21,802	)		(3,890	)		(11,703	)		(37,395	)

Financing activities
Purchase and retirement of common stock		(4,367	)		—			—			(4,367	)
Net issuance of common stock under equity compensation plans		(2,692	)		—			—			(2,692	)
Deposits		—			—			11,580			11,580
Other		444			(378	)		(957	)		(891	)
Intercompany transfers		(24,147	)		36,943			(12,796	)		—

Net cash (used in) provided by financing activities		(30,762	)		36,565			(2,173	)		3,630

Effect of exchange rate changes on cash and cash equivalents		—			—			(552	)		(552	)

Net decrease in cash and cash equivalents		(78,802	)		(338	)		(32,281	)		(111,421	)
Cash and cash equivalents, beginning of period		111,943			494			93,396			205,833

Cash and cash equivalents, end of period	$	33,141		$	156		$	61,115		$	94,412

Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2013


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(59,591	)	$	50,836		$	28,124		$	19,369
Investing activities
Payments for acquisition of businesses, net of cash received		(11,601	)		(7,157	)		(21,754	)		(40,512	)
Purchases of property and equipment		(1,505	)		(10,386	)		(2,239	)		(14,130	)
Other		21			—			—			21

Net cash used in investing activities		(13,085	)		(17,543	)		(23,993	)		(54,621	)

Financing activities
Purchase and retirement of common stock		(28,758	)		—			—			(28,758	)
Net issuance of common stock under equity compensation plans		1,245			—			—			1,245
Other		29			—			(645	)		(616	)
Intercompany transfers		53,168			(33,595	)		(19,573	)		—

Net cash provided by (used in) financing activities		25,684			(33,595	)		(20,218	)		(28,129	)

Effect of exchange rate changes on cash and cash equivalents		—			—			(850	)		(850	)

Net decrease in cash and cash equivalents		(46,992	)		(302	)		(16,937	)		(64,231	)
Cash and cash equivalents, beginning of period		66,663			610			89,512			156,785

Cash and cash equivalents, end of period	$	19,671		$	308		$	72,575		$	92,554