Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
12 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2017
Total revenue $ 1,973,862,000 $ 1,819,519,000 $ 1,621,669,000
Compensation and benefits 1,311,240,000 1,199,057,000 1,065,659,000
General and administrative expenses 351,991,000 237,390,000 226,232,000
Depreciation and amortization 46,489,000 48,588,000 47,260,000
Restructuring charges, net 0 78,000 34,600,000
Total operating expenses 1,833,036,000 1,611,073,000 1,501,381,000
Operating income 140,826,000 208,446,000 120,288,000
Other income, net 10,094,000 11,119,000 10,328,000
Interest expense, net (16,891,000) (13,832,000) (14,607,000)
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries 134,029,000 205,733,000 116,009,000
Equity in earnings of unconsolidated subsidiaries, net 311,000 297,000 333,000
Income tax provision 29,544,000 70,133,000 29,104,000
Net income 104,796,000 135,897,000 87,238,000
Net income attributable to noncontrolling interest (2,145,000) (2,118,000) (3,057,000)
Net income attributable to Korn Ferry $ 102,651,000 $ 133,779,000 $ 84,181,000
Earnings per common share attributable to Korn Ferry:      
Basic $ 1.84 $ 2.39 $ 1.48
Diluted $ 1.81 $ 2.35 $ 1.47
Weighted-average common shares outstanding:      
Basic 55,311 55,426 56,205
Diluted 56,096 56,254 56,900
Cash dividends declared per share: $ 0.40 $ 0.40 $ 0.40
Fee Revenue      
Total revenue $ 1,926,033,000 $ 1,767,217,000 $ 1,565,521,000
Cost of services 75,487,000 73,658,000 71,482,000
Reimbursed Out Of Pocket Engagement Expenses      
Total revenue 47,829,000 52,302,000 56,148,000
Reimbursed Expenses      
Cost of services $ 47,829,000 $ 52,302,000 $ 56,148,000