PJT Partners Inc. (PJT) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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PJT Partners Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net Income → Net cash from operating activities: $170,538,000.00Equity-Based Compensation Expense → Operating adjustments reconciliation: $140,597,000.00Other Assets → Operating adjustments reconciliation: $47,870,000.00Amortization of Operating Lease Right-of-Use Assets → Operating adjustments reconciliation: $9,551,000.00Depreciation and Amortization Expense → Operating adjustments reconciliation: $8,288,000.00Accounts Receivable → Operating adjustments reconciliation: $7,098,000.00Deferred Revenue → Operating adjustments reconciliation: $6,337,000.00Provision (Benefit) for Credit Losses → Operating adjustments reconciliation: $213,000.00Operating adjustments reconciliation → Net cash from operating activities: $130,669,000.00Operating adjustments reconciliation → Accrued Compensation and Benefits: $79,652,000.00Operating adjustments reconciliation → Accounts Payable, Accrued Expenses and Other Liabilities: $4,923,000.00Operating adjustments reconciliation → Other: $3,881,000.00Operating adjustments reconciliation → Taxes Payable: $829,000.00Proceeds from Sales and Maturities of Investments → investing reconciliation: $78,440,000.00investing reconciliation → Purchases of Investments: $328,282,000.00investing reconciliation → Purchases of Furniture, Equipment and Leasehold Improvements: $18,831,000.00Net cash used in financing activities → financing reconciliation: $333,402,000.00financing reconciliation → Cash-Settled Exchanges of Partnership Units: $158,645,000.00financing reconciliation → Treasury Stock Purchases: $114,525,000.00financing reconciliation → Employee Taxes Paid for Shares Withheld: $47,283,000.00financing reconciliation → Dividends: $12,949,000.00Net cash used in investing activities → investing reconciliation: $268,673,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $538,858,000.00Net cash from operating activities → Cash sources and uses: $301,207,000.00Cash sources and uses → Exchange-rate effect: $2,449,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $235,541,000.00Cash sources and uses → Net cash used in investing activities: $268,673,000.00Cash sources and uses → Net cash used in financing activities: $333,402,000.00Net Income: $170,538,000.00Net Income+$170.54 MEquity-Based Compensation Expense: $140,597,000.00Stock-based compensation+$140.60 MDepreciation and Amortization Expense: $8,288,000.00Depreciation & amortization+$8.29 MAmortization of Operating Lease Right-of-Use Assets: $9,551,000.00Operating lease amortization+$9.55 MProvision (Benefit) for Credit Losses: $213,000.00Credit loss provision+$213.00 KOther: -$3,881,000.00Other non-cash items−$3.88 MAccounts Receivable: $7,098,000.00Accounts receivable+$7.10 MOther Assets: $47,870,000.00Other operating assets+$47.87 MAccrued Compensation and Benefits: -$79,652,000.00Accrued compensation−$79.65 MAccounts Payable, Accrued Expenses and Other Liabilities: -$4,923,000.00Other payables & accruals−$4.92 MTaxes Payable: -$829,000.00Accrued taxes−$829.00 KDeferred Revenue: $6,337,000.00Deferred revenue+$6.34 MNet cash from operating activities: $301,207,000.00Operating cash+$301.21 MOperating adjustments reconciliation: $219,954,000.00Dividends: -$12,949,000.00Dividends paid−$12.95 MTax Distributions: $0.00Employee Taxes Paid for Shares Withheld: -$47,283,000.00Stock-award tax withholding−$47.28 MCash-Settled Exchanges of Partnership Units: -$158,645,000.00Partnership unit exchanges, cash−$158.65 MTreasury Stock Purchases: -$114,525,000.00Common stock repurchases−$114.53 MPayments Pursuant to Tax Receivable Agreement: $0.00Net cash used in financing activities: -$333,402,000.00. Cash required to fund net payments.Financing cash−$333.40 Mfinancing reconciliation: $333,402,000.00Purchases of Investments: -$328,282,000.00Investment purchases−$328.28 MProceeds from Sales and Maturities of Investments: $78,440,000.00Investment sales & maturities+$78.44 MPurchases of Furniture, Equipment and Leasehold Improvements: -$18,831,000.00PP&E purchases−$18.83 MNet cash used in investing activities: -$268,673,000.00. Cash required to fund net payments.Investing cash−$268.67 Minvesting reconciliation: $347,113,000.00Cash sources and uses: $840,065,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $538,858,000.00Beginning cash$538.86 MEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $235,541,000.00Ending cash$235.54 MExchange-rate effect: -$2,449,000.00FX effect−$2.45 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$282.38 MOperating cash − cash spent on PP&ECash flow / Net income1.77×Operating cash flow ÷ net incomeNet cash change−$303.32 MEnding cash − beginning cash
Chart details

PJT Partners Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
538,858,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
301,207,000 US dollars. Net cash provided.
Net Income
170,538,000 US dollars
Equity-Based Compensation Expense
140,597,000 US dollars
Depreciation and Amortization Expense
8,288,000 US dollars
Amortization of Operating Lease Right-of-Use Assets
9,551,000 US dollars
Provision (Benefit) for Credit Losses
213,000 US dollars
Other
negative 3,881,000 US dollars
Accounts Receivable
7,098,000 US dollars
Other Assets
47,870,000 US dollars
Accrued Compensation and Benefits
negative 79,652,000 US dollars
Accounts Payable, Accrued Expenses and Other Liabilities
negative 4,923,000 US dollars
Taxes Payable
negative 829,000 US dollars
Deferred Revenue
6,337,000 US dollars
Investing activities
negative 268,673,000 US dollars. Net cash used.
Purchases of Investments
negative 328,282,000 US dollars
Proceeds from Sales and Maturities of Investments
78,440,000 US dollars
Purchases of Furniture, Equipment and Leasehold Improvements
negative 18,831,000 US dollars
Financing activities
negative 333,402,000 US dollars. Net cash used.
Dividends
negative 12,949,000 US dollars
Tax Distributions
0 US dollars
Employee Taxes Paid for Shares Withheld
negative 47,283,000 US dollars
Cash-Settled Exchanges of Partnership Units
negative 158,645,000 US dollars
Treasury Stock Purchases
negative 114,525,000 US dollars
Payments Pursuant to Tax Receivable Agreement
0 US dollars
Operating adjustment reconciliation
219,954,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
333,402,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
347,113,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 2,449,000 US dollars
Ending cash on Jun 30, 2026
235,541,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
840,065,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 303,317,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.77×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
301,207,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
18,831,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
282,376,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $130.67M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 301,207,000 US dollars minus 18,831,000 US dollars equals 282,376,000 US dollars.
PJT Partners Inc. (PJT) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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