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

9 Months Ended

Sep. 30, 2014

Condensed Consolidating Balance Sheet Information

Condensed Consolidating Balance Sheet Information as of September 30, 2014


	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	96,462	$	163	$	82,153	$	—		$	178,778
Accounts receivable, net		175,246		196,548		193,863		—			565,657
Intercompany receivables		—		826,971		15,681		(842,652	)		—
Other current assets		66,311		22,288		23,934		—			112,533

Total current assets		338,019		1,045,970		315,631		(842,652	)		856,968
Property and equipment, net		33,629		16,320		33,571		—			83,520
Goodwill		559,318		408,903		245,588		—			1,213,809
Other intangible assets, net		30,845		17,523		58,013		(25,468	)		80,913
Investments in subsidiaries		1,875,192		503,249		—		(2,378,441	)		—
Other assets		63,043		78,844		37,794		—			179,681

Total assets	$	2,900,046	$	2,070,809	$	690,597	$	(3,246,561	)	$	2,414,891

Liabilities
Intercompany payables	$	736,122	$	56,574	$	49,956	$	(842,652	)	$	—
Other current liabilities		144,005		102,379		99,478		—			345,862

Total current liabilities		880,127		158,953		149,434		(842,652	)		345,862
Long-term debt, net		700,000		5,000		—		—			705,000
Other liabilities		206,620		14,161		29,949		—			250,730

Total liabilities		1,786,747		178,114		179,383		(842,652	)		1,301,592
Stockholders’ equity		1,113,299		1,892,695		511,214		(2,403,909	)		1,113,299

Total liabilities and stockholders’ equity	$	2,900,046	$	2,070,809	$	690,597	$	(3,246,561	)	$	2,414,891

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

September 30, 2014


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	157,285		$	268,949		$	127,813		$	(102,869	)	$	451,178
Operating expenses
Direct cost of revenues		101,646			210,283			83,910			(102,595	)		293,244
Selling, general and administrative expense		40,185			30,033			32,517			(274	)		102,461
Special charges		4,235			30			1,082			—			5,347
Acquisition-related contingent consideration		65			192			—			—			257
Amortization of other intangible assets		1,038			641			2,675			(956	)		3,398

Operating income		10,116			27,770			7,629			956			46,471
Other (expense) income		(12,926	)		(1,743	)		3,049			—			(11,620	)

Income (loss) before income tax provision		(2,810	)		26,027			10,678			956			34,851
Income tax (benefit) provision		(810	)		11,519			1,620			—			12,329
Equity in net earnings of subsidiaries		24,522			8,972			—			(33,494	)		—

Net income		22,522			23,480			9,058			(32,538	)		22,522

Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax $0		—			—			(22,542	)		—			(22,542	)

Total other comprehensive income, net of tax		—			—			(22,542	)		—			(22,542	)

Comprehensive income	$	22,522		$	23,480		$	(13,484	)	$	(32,538	)	$	(20	)

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended

September 30, 2013


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	149,176		$	243,186		$	111,867		$	(89,586	)	$	414,643
Operating expenses
Direct cost of revenues		89,410			181,561			73,678			(89,497	)		255,152
Selling, general and administrative expense		37,470			28,279			28,853			(89	)		94,513
Special Charges		6,447			8			3,964			—			10,419
Acquisition-related contingent consideration		152			229			249			—			630
Amortization of other intangible assets		1,089			2,689			2,807			(809	)		5,776
Goodwill impairment charge		—			30,321			53,431			—			83,752

Operating income (loss)		14,608			99			(51,115	)		809			(35,599	)
Other (expense) income		(13,468	)		(1,165	)		2,971			—			(11,662	)

Income (loss) before income tax provision		1,140			(1,066	)		(48,144	)		809			(47,261	)
Income tax (benefit) provision		(3,530)			14,070			(7,180)			—			3,360
Equity in net earnings of subsidiaries		(55,291	)		(42,632	)		—			97,923			—

Net income		(50,621	)		(57,768	)		(40,964	)		98,732			(50,621	)

Other comprehensive loss, net of tax:
Foreign currency translation adjustments, net of tax $0		(61	)		—			17,176			—			17,115

Total other comprehensive income, net of tax		(61	)		—			17,176			—			17,115

Comprehensive income	$	(50,682	)	$	(57,768	)	$	(23,788	)	$	98,732		$	(33,506	)

Condensed Consolidating Statement of Comprehensive Income for the Nine Months Ended

September 30, 2014


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	463,774		$	790,361		$	380,145		$	(303,226	)	$	1,331,054
Operating expenses
Direct cost of revenues		299,718			616,437			249,206			(302,293	)		863,068
Selling, general and administrative expense		131,347			88,610			98,856			(933	)		317,880
Special charges		13,599			30			1,082			—			14,711
Acquisition-related contingent consideration		(531	)		(211	)		(849	)		—			(1,591	)
Amortization of other intangible assets		3,197			2,011			9,143			(2,885	)		11,466

Operating income		16,444			83,484			22,707			2,885			125,520
Other (expense) income		(38,502	)		(5,978	)		9,748			—			(34,732	)

Income (loss) before income tax provision		(22,058	)		77,506			32,455			2,885			90,788
Income tax (benefit) provision		(8,515	)		34,423			6,994			—			32,902
Equity in net earnings of subsidiaries		71,429			23,662			—			(95,091	)		—

Net income		57,886			66,745			25,461			(92,206	)		57,886

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0		—			—			(10,120	)		—			(10,120	)

Total other comprehensive income, net of tax		—			—			(10,120	)		—			(10,120	)

Comprehensive income	$	57,886		$	66,745		$	15,341		$	(92,206	)	$	47,766

Condensed Consolidating Statement of Comprehensive Income for Nine Months Ended

September 30, 2013


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	444,526		$	744,241		$	333,428		$	(285,761	)	$	1,236,434
Operating expenses
Direct cost of revenues		283,028			561,434			212,376			(283,678	)		773,160
Selling, general and administrative expense		118,941			84,869			85,758			(2,083	)		287,485
Special charges		6,770			112			3,964			—			10,846
Acquisition-related contingent consideration		331			424			(6,846	)		—			(6,091	)
Amortization of other intangible assets		3,411			7,637			8,636			(2,391	)		17,293
Goodwill impairment charge		—			30,321			53,431			—			83,752

Operating income		32,045			59,444			(23,891	)		2,391			69,989
Other (expense) income		(45,181	)		(634	)		8,917			—			(36,898	)

Income (loss) before income tax provision		(13,136	)		58,810			(14,974	)		2,391			33,091
Income tax (benefit) provision		(10,751	)		48,132			(835	)		—			36,546
Equity in net earnings of subsidiaries		(1,070	)		(18,518	)		—			19,588			—

Net income		(3,455	)		(7,840	)		(14,139	)		21,979			(3,455	)

Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax $0		(61	)		—			(10,047	)		—			(10,108	)

Total other comprehensive income, net of tax		(61	)		—			(10,047	)		—			(10,108	)

Comprehensive income	$	(3,516	)	$	(7,840	)	$	(24,186	)	$	21,979		$	(13,563	)

Condensed Consolidating Statement of Cash Flow

Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2014


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash used in operating activities	$	(12,091	)	$	40,238		$	(7,668	)	$	20,479
Investing activities
Payments for acquisition of businesses, net of cash received		(14,729	)		—			(955	)		(15,684	)
Purchases of property and equipment		(10,988	)		(9,197	)		(11,612	)		(31,797	)
Other		2			—			67			69

Net cash used in investing activities		(25,715	)		(9,197	)		(12,500	)		(47,412	)

Financing activities
Payments of long-term debt		—			(6,000	)		(14	)		(6,014	)
Purchase and retirement of common stock		(4,367	)		—			—			(4,367	)
Net issuance of common stock under equity compensation plans		(29	)		—			—			(29	)
Deposits		—			—			12,956			12,956
Other		226			(319	)		(943	)		(1,036	)
Intercompany transfers		26,495			(25,053	)		(1,442	)		—

Net cash (used in) provided by financing activities		22,325			(31,372	)		10,557			1,510

Effect of exchange rate changes on cash and cash equivalents		—			—			(1,632	)		(1,632	)

Net decrease in cash and cash equivalents		(15,481	)		(331	)		(11,243	)		(27,055	)
Cash and cash equivalents, beginning of period		111,943			494			93,396			205,833

Cash and cash equivalents, end of period	$	96,462		$	163		$	82,153		$	178,778

Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2013


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(37,182	)	$	111,908		$	29,080			103,806
Investing activities
Payments for acquisition of businesses, net of cash received		(11,855	)		(7,157	)		(21,754	)		(40,766	)
Purchases of property and equipment		(2,092	)		(16,064	)		(4,838	)		(22,994	)
Other		24			—			—			24

Net cash used in investing activities		(13,923	)		(23,221	)		(26,592	)		(63,736	)

Financing activities
Payments of long-term debt		—			(6,000	)		—			(6,000	)
Purchase and retirement of common stock		(48,769	)		—			—			(48,769	)
Net issuance of common stock under equity compensation plans		6,208			—			—			6,208
Other		229			—			(1,029	)		(800	)
Intercompany transfers		91,226			(82,938	)		(8,288	)		—

Net cash provided by (used in) financing activities		48,894			(88,938	)		(9,317	)		(49,361	)

Effect of exchange rate changes on cash and cash equivalents		—			—			432			432

Net decrease in cash and cash equivalents		(2,211	)		(251	)		(6,397	)		(8,859	)
Cash and cash equivalents, beginning of period		66,663			610			89,512			156,785

Cash and cash equivalents, end of period	$	64,452		$	359		$	83,115		$	147,926