Financial Highlights by Operating Segment |
Financial highlights by reportable segments are as follows:
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Three Months Ended July 31, 2021
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Executive Search
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Consulting
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Digital
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North
America
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EMEA
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Asia Pacific
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Latin
America
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Subtotal
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RPO &
Professional
Search
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Corporate
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Consolidated
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(in thousands)
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Fee revenue
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$
|
148,478
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|
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$
|
80,671
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|
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$
|
138,678
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|
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$
|
42,747
|
|
|
$
|
28,703
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|
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$
|
6,776
|
|
|
$
|
216,904
|
|
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$
|
139,342
|
|
|
$
|
—
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|
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$
|
585,395
|
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Total revenue
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$
|
149,007
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|
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$
|
80,681
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|
|
$
|
139,300
|
|
|
$
|
42,843
|
|
|
$
|
28,732
|
|
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$
|
6,779
|
|
|
$
|
217,654
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|
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$
|
140,756
|
|
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$
|
—
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|
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$
|
588,098
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|
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Net income attributable to Korn Ferry
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$
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74,823
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Net income attributable to noncontrolling interest
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|
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1,574
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Other income, net
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|
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(4,447
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)
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Interest expense, net
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5,426
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Income tax provision
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23,879
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Operating income
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|
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$
|
101,255
|
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Depreciation and amortization
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|
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15,644
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Other income, net
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4,447
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Adjusted EBITDA(1)
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$
|
26,841
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$
|
25,632
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|
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$
|
43,330
|
|
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$
|
7,585
|
|
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$
|
8,320
|
|
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$
|
2,354
|
|
|
$
|
61,589
|
|
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$
|
33,967
|
|
|
$
|
(26,683
|
)
|
|
$
|
121,346
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(1)
|
Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization.
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Three Months Ended July 31, 2020
|
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|
|
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|
|
Executive Search
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Consulting
|
|
|
Digital
|
|
|
North
America
|
|
|
EMEA
|
|
|
Asia Pacific
|
|
|
Latin
America
|
|
|
Subtotal
|
|
|
RPO &
Professional
Search
|
|
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Corporate
|
|
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Consolidated
|
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|
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(in thousands)
|
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Fee revenue
|
|
$
|
99,318
|
|
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$
|
55,973
|
|
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$
|
69,315
|
|
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$
|
30,081
|
|
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$
|
17,252
|
|
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$
|
3,495
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|
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$
|
120,143
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|
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$
|
68,663
|
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|
$
|
—
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|
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$
|
344,097
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Total revenue
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$
|
99,590
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|
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$
|
56,022
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$
|
69,856
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$
|
30,195
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$
|
17,340
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|
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$
|
3,495
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|
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$
|
120,886
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$
|
70,385
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$
|
—
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$
|
346,883
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Net loss attributable to Korn Ferry
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$
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(30,833
|
)
|
Net loss attributable to noncontrolling interest
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|
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(22
|
)
|
Other income, net
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|
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|
|
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|
|
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(11,162
|
)
|
Interest expense, net
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6,894
|
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Income tax benefit
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(8,672
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)
|
Operating loss
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$
|
(43,795
|
)
|
Depreciation and amortization
|
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15,035
|
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Other income, net
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|
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11,162
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Integration/acquisition costs
|
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|
|
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|
737
|
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Restructuring charges, net
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|
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27,487
|
|
Adjusted EBITDA(1)
|
|
$
|
6,604
|
|
|
$
|
7,943
|
|
|
$
|
5,312
|
|
|
$
|
1,710
|
|
|
$
|
1,594
|
|
|
$
|
(562
|
)
|
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$
|
8,054
|
|
|
$
|
6,024
|
|
|
$
|
(17,999
|
)
|
|
$
|
10,626
|
|
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|
(1)
|
Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition and net restructuring charges.
|
|