Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 31, 2022
Apr. 30, 2022
ASSETS    
Cash and cash equivalents $ 639,784 $ 978,070
Marketable securities 71,172 57,244
Receivables due from clients, net of allowance for doubtful accounts of $39,432 and $36,384 at July 31, 2022 and April 30, 2022, respectively 637,061 590,260
Income taxes and other receivables 35,186 31,884
Unearned compensation 60,726 60,749
Prepaid expenses and other assets 53,363 41,763
Total current assets 1,497,292 1,759,970
Marketable securities, non-current 185,492 175,783
Property and equipment, net 147,117 138,172
Operating lease right-of-use assets, net 158,918 167,734
Cash surrender value of company-owned life insurance policies, net of loans 184,742 183,308
Deferred income taxes 81,422 84,712
Goodwill 724,426 725,592
Intangible assets, net 84,167 89,770
Unearned compensation, non-current 117,346 118,238
Investments and other assets 23,157 21,267
Total assets 3,204,079 3,464,546
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 55,003 50,932
Income taxes payable 37,552 34,450
Compensation and benefits payable 250,818 547,826
Operating lease liability, current 46,700 48,609
Other accrued liabilities 295,981 302,408
Total current liabilities 686,054 984,225
Deferred compensation and other retirement plans 380,137 357,175
Operating lease liability, non-current 140,611 151,212
Long-term debt 395,653 395,477
Deferred tax liabilities 4,052 2,715
Other liabilities 26,338 24,153
Total liabilities 1,632,845 1,914,957
Stockholders' equity    
Common stock: $0.01 par value, 150,000 shares authorized, 76,568 and 75,409 shares issued and 53,502 and 53,190 shares outstanding at July 31, 2022 and April 30, 2022, respectively 470,127 502,008
Retained earnings 1,203,067 1,134,523
Accumulated other comprehensive loss, net (108,444) (92,185)
Total Korn Ferry stockholders' equity 1,564,750 1,544,346
Noncontrolling interest 6,484 5,243
Total stockholders' equity 1,571,234 1,549,589
Total liabilities and stockholders' equity $ 3,204,079 $ 3,464,546