Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 31, 2023
Apr. 30, 2023
ASSETS    
Cash and cash equivalents $ 562,209 $ 844,024
Marketable securities 29,486 44,837
Receivables due from clients, net of allowance for doubtful accounts of $47,418 and $44,377 at July 31, 2023 and April 30, 2023, respectively 592,333 569,601
Income taxes and other receivables 58,443 67,512
Unearned compensation 66,878 63,476
Prepaid expenses and other assets 57,258 49,219
Total current assets 1,366,607 1,638,669
Marketable securities, non-current 189,359 179,040
Property and equipment, net 166,283 161,876
Operating lease right-of-use assets, net 132,638 142,690
Cash surrender value of company-owned life insurance policies, net of loans 200,103 197,998
Deferred income taxes 94,293 102,057
Goodwill 910,211 909,491
Intangible assets, net 107,979 114,426
Unearned compensation, non-current 121,918 103,607
Investments and other assets 24,077 24,590
Total assets 3,313,468 3,574,444
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 50,731 53,386
Income taxes payable 22,868 19,969
Compensation and benefits payable 240,956 532,934
Operating lease liability, current 43,800 45,821
Other accrued liabilities 297,436 324,150
Total current liabilities 655,791 976,260
Deferred compensation and other retirement plans 425,215 396,534
Operating lease liability, non-current 110,823 119,220
Long-term debt 396,379 396,194
Deferred tax liabilities 6,170 5,352
Other liabilities 26,560 27,879
Total liabilities 1,620,938 1,921,439
Stockholders' equity    
Common stock: $0.01 par value, 150,000 shares authorized, 77,474 and 76,693 shares issued and 52,705 and 52,269 shares outstanding at July 31, 2023 and April 30, 2023, respectively 429,093 429,754
Retained earnings 1,348,059 1,311,081
Accumulated other comprehensive loss, net (90,471) (92,764)
Total Korn Ferry stockholders' equity 1,686,681 1,648,071
Noncontrolling interest 5,849 4,934
Total stockholders' equity 1,692,530 1,653,005
Total liabilities and stockholders' equity $ 3,313,468 $ 3,574,444