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

6 Months Ended

Jun. 30, 2015

Condensed Consolidating Balance Sheet Information

Condensed Consolidating Balance Sheet Information as of June 30, 2015


	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	132,087	$	159	$	107,742	$	—		$	239,988
Accounts receivable, net		185,150		176,336		187,814		—			549,300
Intercompany receivables		—		873,606		—		(873,606	)		—
Other current assets		69,662		26,636		18,837		—			115,135

Total current assets		386,899		1,076,737		314,393		(873,606	)		904,423
Property and equipment, net		34,915		15,960		29,652		—			80,527
Goodwill		558,978		416,053		233,477		—			1,208,508
Other intangible assets, net		27,834		17,001		48,316		(22,795	)		70,356
Investments in subsidiaries		1,959,993		491,623		—		(2,451,616	)		—
Other assets		53,092		78,189		41,969		—			173,250

Total assets	$	3,021,711	$	2,095,563	$	667,807	$	(3,348,017	)	$	2,437,064

Liabilities
Intercompany payables	$	821,938	$	13,607	$	38,061	$	(873,606	)	$	—
Other current liabilities		130,039		98,336		86,246		—			314,621

Total current liabilities		951,977		111,943		124,307		(873,606	)		314,621
Long-term debt, net		700,000		—		—		—			700,000
Other liabilities		206,152		11,140		41,569		—			258,861

Total liabilities		1,858,129		123,083		165,876		(873,606	)		1,273,482
Stockholders’ equity		1,163,582		1,972,480		501,931		(2,474,411	)		1,163,582

Total liabilities and stockholders’ equity	$	3,021,711	$	2,095,563	$	667,807	$	(3,348,017	)	$	2,437,064

Condensed Consolidating Balance Sheet Information as of December 31, 2014


	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	171,090	$	159	$	112,431	$	—		$	283,680
Accounts receivable, net		153,495		162,032		169,574		—			485,101
Intercompany receivables		—		875,000		12,195		(887,195	)		—
Other current assets		74,455		22,994		17,943		—			115,392

Total current assets		399,040		1,060,185		312,143		(887,195	)		884,173
Property and equipment, net		33,864		17,050		31,249		—			82,163
Goodwill		559,318		416,053		236,318		—			1,211,689
Other intangible assets, net		29,807		18,432		53,357		(24,562	)		77,034
Investments in subsidiaries		1,915,869		484,162		—		(2,400,031	)		—
Other assets		61,025		78,388		36,055		—			175,468

Total assets	$	2,998,923	$	2,074,270	$	669,122	$	(3,311,788	)	$	2,430,527

Liabilities
Intercompany payables	$	832,253	$	14,197	$	40,745	$	(887,195	)	$	—
Other current liabilities		148,299		113,450		105,343		—			367,092

Total current liabilities		980,552		127,647		146,088		(887,195	)		367,092
Long-term debt, net		700,000		—		—		—			700,000
Other liabilities		215,625		14,955		30,109		—			260,689

Total liabilities		1,896,177		142,602		176,197		(887,195	)		1,327,781
Stockholders’ equity		1,102,746		1,931,668		492,925		(2,424,593	)		1,102,746

Total liabilities and stockholders’ equity	$	2,998,923	$	2,074,270	$	669,122	$	(3,311,788	)	$	2,430,527

Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended

June 30, 2015


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Revenues	$	172,899		$	289,431		$	125,484	$	(138,677	)	$	449,137
Operating expenses
Direct cost of revenues		106,517			238,186			85,255		(138,489	)		291,469
Selling, general and administrative expenses		48,177			30,962			30,094		(188	)		109,045
Acquisition-related contingent consideration		(1,485	)		(53	)		—		—			(1,538	)
Amortization of other intangible assets		986			716			2,202		(897	)		3,007

Operating income		18,704			19,620			7,933		897			47,154
Other (expense) income		(11,709	)		(1,053	)		1,239		—			(11,523	)

Income before income tax provision		6,995			18,567			9,172		897			35,631
Income tax provision		4,124			8,267			1,531		—			13,922
Equity in net earnings of subsidiaries		18,838			6,851			—		(25,689	)		—

Net income		21,709			17,151			7,641		(24,792	)		21,709

Other comprehensive loss, net of tax:
Foreign currency translation adjustments, net of tax expense of $0		—			—			13,298		—			13,298

Total other comprehensive income, net of tax		—			—			13,298		—			13,298

Comprehensive income	$	21,709		$	17,151		$	20,939	$	(24,792	)	$	35,007

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 expenses		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 expense of $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 Six Months Ended

June 30, 2015


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	342,034		$	433,570		$	247,336		$	(141,465	)	$	881,475
Operating expenses
Direct cost of revenues		211,580			334,773			165,338			(141,192	)		570,499
Selling, general and administrative expense		91,588			60,839			59,105			(273	)		211,259
Acquisition-related contingent consideration		(1,420	)		116			—			—			(1,304	)
Amortization of other intangible assets		1,972			1,431			4,383			(1,767	)		6,019

Operating income		38,314			36,411			18,510			1,767			95,002
Other (expense) income		(25,575	)		(3,063	)		4,610			—			(24,028	)

Income (loss) before income tax provision		12,739			33,348			23,120			1,767			70,974
Income tax (benefit) provision		6,687			13,993			4,899			—			25,579
Equity in net earnings of subsidiaries		39,343			16,676			—			(56,019	)		—

Net income		45,395			36,031			18,221			(54,252	)		45,395

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0		—			—			(7,184	)		—			(7,184	)

Total other comprehensive income, net of tax		—			—			(7,184	)		—			(7,184	)

Comprehensive income	$	45,395		$	36,031		$	11,037		$	(54,252	)	$	38,211

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, 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 Cash Flow

Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2015


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash used in operating activities	$	(28,171	)	$	8,296		$	(10,856	)	$	(30,731	)
Investing activities
Payments for acquisition of businesses, net of cash received		—			—			(576	)		(576	)
Purchases of property and equipment		(6,000	)		(8,887	)		(2,646	)		(17,533	)
Other		25			—			39			64

Net cash used in investing activities		(5,975	)		(8,887	)		(3,183	)		(18,045	)

Financing activities
Payments of debt financing fees		(3,090	)		—			—			(3,090	)
Net issuance of common stock under equity compensation plans		8,662			—			—			8,662
Deposits		—			—			2,423			2,423
Other		(114	)		(212	)		—			(326	)
Intercompany transfers		(10,315	)		803			9,512			—

Net cash provided by (used in) financing activities		(4,857	)		591			11,935			7,669

Effect of exchange rate changes on cash and cash equivalents		—			—			(2,585	)		(2,585	)

Net decrease in cash and cash equivalents		(39,003	)		—			(4,689	)		(43,692	)
Cash and cash equivalents, beginning of period		171,090			159			112,431			283,680

Cash and cash equivalents, end of period	$	132,087		$	159		$	107,742		$	239,988

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
Net issuance of common stock under equity compensation plans		(2,692	)		—			—			(2,692	)
Purchase and retirement of common stock		(4,367	)		—			—			(4,367	)
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