Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Consolidating Balance Sheet Information

Condensed Consolidating Balance Sheet Information as of December 31, 2014

	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	171,090	$	159	$	112,431	$	—		$	283,680
Accounts receivable, net		153,495		162,032		169,574		—			485,101
Intercompany receivables		—		875,000		12,195		(887,195	)		—
Other current assets		74,455		22,994		17,943		—			115,392
Total current assets		399,040		1,060,185		312,143		(887,195	)		884,173
Property and equipment, net		33,864		17,050		31,249		—			82,163
Goodwill		559,318		416,053		236,318		—			1,211,689
Other intangible assets, net		29,807		18,432		53,357		(24,562	)		77,034
Investments in subsidiaries		1,915,869		484,162		—		(2,400,031	)		—
Other assets		61,025		78,388		36,055		—			175,468
Total assets	$	2,998,923	$	2,074,270	$	669,122	$	(3,311,788	)	$	2,430,527
Liabilities
Intercompany payables	$	832,253	$	14,197	$	40,745	$	(887,195	)	$	—
Other current liabilities		148,299		113,450		105,343		—			367,092
Total current liabilities		980,552		127,647		146,088		(887,195	)		367,092
Long-term debt, net		700,000		—		—		—			700,000
Other liabilities		215,625		14,955		30,109		—			260,689
Total liabilities		1,896,177		142,602		176,197		(887,195	)		1,327,781
Stockholders’ equity		1,102,746		1,931,668		492,925		(2,424,593	)		1,102,746
Total liabilities and stockholders’ equity	$	2,998,923	$	2,074,270	$	669,122	$	(3,311,788	)	$	2,430,527

Condensed Consolidating Balance Sheet Information as of December 31, 2013

	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	111,943	$	494	$	93,396	$	—		$	205,833
Accounts receivable, net		154,357		162,505		159,583		—			476,445
Intercompany receivables		—		820,158		18,881		(839,039	)		—
Other current assets		68,292		20,932		32,359		—			121,583
Total current assets		334,592		1,004,089		304,219		(839,039	)		803,861
Property and equipment, net		31,304		19,047		28,656		—			79,007
Goodwill		559,820		408,903		250,010		—			1,218,733
Other intangible assets, net		33,746		19,534		72,221		(28,353	)		97,148
Investments in subsidiaries		1,772,130		498,001		—		(2,270,131	)		—
Other assets		75,561		56,949		33,688		—			166,198
Total assets	$	2,807,153	$	2,006,523	$	688,794	$	(3,137,523	)	$	2,364,947
Liabilities
Intercompany payables	$	709,628	$	74,813	$	54,598	$	(839,039	)	$	—
Other current liabilities		154,049		114,883		115,398		—			384,330
Total current liabilities		863,677		189,696		169,996		(839,039	)		384,330
Long-term debt, net		700,000		11,000		—		—			711,000
Other liabilities		201,217		15,009		11,132		—			227,358
Total liabilities		1,764,894		215,705		181,128		(839,039	)		1,322,688
Stockholders’ equity		1,042,259		1,790,818		507,666		(2,298,484	)		1,042,259
Total liabilities and stockholders’ equity	$	2,807,153	$	2,006,523	$	688,794	$	(3,137,523	)	$	2,364,947

Condensed Consolidating Loss Statement

Condensed Consolidating Income (Loss) Statement for the Year Ended December 31, 2014

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	617,843		$	1,002,571		$	506,181		$	(370,383	)	$	1,756,212
Operating expenses
Direct cost of revenues		401,451			778,648			334,015			(369,357	)		1,144,757
Selling, general and administrative expenses		181,529			121,085			132,257			(1,026	)		433,845
Special charges		15,227			30			1,082			—			16,339
Acquisition-related contingent consideration		(469	)		(358	)		(849	)		—			(1,676	)
Amortization of other intangible assets		4,235			2,702			12,375			(3,791	)		15,521
		601,973			902,107			478,880			(374,174	)		1,608,786
Operating income		15,870			100,464			27,301			3,791			147,426
Other (expense) income		(51,511	)		(7,104	)		12,600			—			(46,015	)
Income (loss) before income tax provision		(35,641	)		93,360			39,901			3,791			101,411
Income tax (benefit) provision		(14,981	)		43,915			13,670			—			42,604
Equity in net earnings of subsidiaries		79,467			23,633			—			(103,100	)		—
Net income (loss)	$	58,807		$	73,078		$	26,231		$	(99,309	)	$	58,807
Other comprehensive loss, net of tax:
Foreign currency translation adjustments including tax expense of $0		—			—			(29,179	)		—			(29,179	)
Other comprehensive loss, net of tax:		—			—			(29,179	)		—			(29,179	)
Comprehensive income (loss)	$	58,807		$	73,078		$	(2,948	)	$	(99,309	)	$	29,628

Condensed Consolidating Income (Loss) Statement for the Year Ended December 31, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	593,644		$	985,398		$	453,272		$	(379,882	)	$	1,652,432
Operating expenses
Direct cost of revenues		382,066			745,227			292,214			(377,446	)		1,042,061
Selling, general and administrative expenses		166,014			110,485			120,618			(2,436	)		394,681
Special charges		34,338			112			3,964			—			38,414
Acquisition-related contingent consideration		416			653			(11,938	)		—			(10,869	)
Amortization of other intangible assets		4,504			10,211			11,472			(3,233	)		22,954
Goodwill impairment charge		—			30,321			53,431			—			83,752
		587,338			897,009			469,761			(383,115	)		1,570,993
Operating income (loss)		6,306			88,389			(16,489	)		3,233			81,439
Other (expense) income		(61,461	)		(5,947	)		17,780			—			(49,628	)
Income (loss) before income tax provision		(55,155	)		82,442			1,291			3,233			31,811
Income tax (benefit) provision		(24,654	)		53,543			13,516			—			42,405
Equity in net earnings of subsidiaries		19,907			(17,744	)		—			(2,163	)		—
Net (loss) income	$	(10,594	)	$	11,155		$	(12,225	)	$	1,070		$	(10,594	)
Other comprehensive loss, net of tax:
Foreign currency translation adjustments including tax expense of $0		(60	)		—			(9,660	)		—			(9,720	)
Other comprehensive loss, net of tax:		(60	)		—			(9,660	)		—			(9,720	)
Comprehensive (loss) income	$	(10,654	)	$	11,155		$	(21,885	)	$	1,070		$	(20,314	)

Condensed Consolidating Income (Loss) Statement for the Year Ended December 31, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	602,917		$	949,545		$	413,739		$	(389,330	)	$	1,576,871
Operating expenses
Direct cost of revenues		389,619			713,305			261,936			(384,328	)		980,532
Selling, general and administrative expenses		160,919			112,697			109,402			(5,002	)		378,016
Special charges		19,026			4,738			5,793			—			29,557
Acquisition-related contingent consideration		91			—			(3,155	)		—			(3,064	)
Amortization of other intangible assets		5,611			9,927			10,167			(3,298	)		22,407
Goodwill impairment charge		—			37,987			72,400			—			110,387
		575,266			878,654			456,543			(392,628	)		1,517,835
Operating income (loss)		27,651			70,891			(42,804	)		3,298			59,036
Other (expense) income		(65,698	)		42,424			2,237			(34,885	)		(55,922	)
Income (loss) before income tax provision		(38,047	)		113,315			(40,567	)		(31,587	)		3,114
Income tax (benefit) provision		(1,698	)		47,623			(5,825	)		—			40,100
Equity in net earnings of subsidiaries		(637	)		(30,438	)		—			31,075			—
Net (loss) income	$	(36,986	)	$	35,254		$	(34,742	)	$	(512	)	$	(36,986	)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments including tax expense of $654		(654	)		—			15,677			—			15,023
Other comprehensive income (loss), net of tax:		(654	)		—			15,677			—			15,023
Comprehensive (loss) income	$	(37,640	)	$	35,254		$	(19,065	)	$	(512	)	$	(21,963	)

Condensed Consolidating Statement of Cash Flow

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2014

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	(36,921	)	$	142,540		$	29,782		$	135,401
Investing activities
Payments for acquisition of businesses, net of cash received		(14,729	)		(7,783	)		(955	)		(23,467	)
Purchases of property and equipment and other		(12,738	)		(13,080	)		(13,438	)		(39,256	)
Other		139			—			4,989			5,128
Net cash used in investing activities		(27,328	)		(20,863	)		(9,404	)		(57,595	)
Financing activities
Payments of long-term debt and capital lease obligations		—			(6,000	)		(14	)		(6,014	)
Deposits		—			—			13,071			13,071
Purchase and retirement of common stock		(4,367	)		—			—			(4,367	)
Net issuance of common stock under equity compensation plans		4,772			—			—			4,772
Other		366			(555	)		(943	)		(1,132	)
Intercompany transfers		122,625			(115,457	)		(7,168	)		—
Net cash provided by (used in) financing activities		123,396			(122,012	)		4,946			6,330
Effects of exchange rate changes on cash and cash equivalents		—			—			(6,289	)		(6,289	)
Net increase (decrease) in cash and cash equivalents		59,147			(335	)		19,035			77,847
Cash and cash equivalents, beginning of year		111,943			494			93,396			205,833
Cash and cash equivalents, end of year	$	171,090		$	159		$	112,431		$	283,680

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	(37,166	)	$	178,234		$	52,203		$	193,271
Investing activities
Payments for acquisition of businesses, net of cash received		(12,555	)		(7,157	)		(35,786	)		(55,498	)
Purchases of property and equipment and other		(4,296	)		(17,507	)		(20,741	)		(42,544	)
Other		45			—			(5,094	)		(5,049	)
Net cash used in investing activities		(16,806	)		(24,664	)		(61,621	)		(103,091	)
Financing activities
Payments of long-term debt and capital lease obligations		—			(6,000	)		(21	)		(6,021	)
Purchase and retirement of common stock		(66,763	)		—			—			(66,763	)
Net issuance of common stock under equity compensation plans		29,392			—			—			29,392
Other		1,515			—			(1,252	)		263
Intercompany transfers		135,108			(147,686	)		12,578			—
Net cash provided by (used in) financing activities		99,252			(153,686	)		11,305			(43,129	)
Effects of exchange rate changes on cash and cash equivalents		—			—			1,997			1,997
Net increase (decrease) in cash and cash equivalents		45,280			(116	)		3,884			49,048
Cash and cash equivalents, beginning of year		66,663			610			89,512			156,785
Cash and cash equivalents, end of year	$	111,943		$	494		$	93,396		$	205,833

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(63,218	)	$	172,578		$	10,828		$	120,188
Investing activities
Payments for acquisition of businesses, including contingent payments, net of cash received		(41,722	)		—			(21,171	)		(62,893	)
Purchases of property and equipment		(8,310	)		(15,689	)		(3,760	)		(27,759	)
Other		246			—			—			246
Net cash used in investing activities		(49,786	)		(15,689	)		(24,931	)		(90,406	)
Financing activities
Payments of long-term debt and capital lease obligations		(377,810	)		(49	)		—			(377,859	)
Issuance of debt securities, net		292,608			—			—			292,608
Purchase and retirement of common stock		(50,032	)		—			—			(50,032	)
Net issuance of common stock under equity compensation plans		1,598			—			—			1,598
Other		(2,441	)		—			(2,120	)		(4,561	)
Intercompany transfers		154,564			(156,427	)		1,863			—
Net cash provided by (used in) financing activities		18,487			(156,476	)		(257	)		(138,246	)
Effects of exchange rate changes on cash and cash equivalents		—			—			826			826
Net (decrease) increase in cash and cash equivalents		(94,517	)		413			(13,534	)		(107,638	)
Cash and cash equivalents, beginning of year		161,180			197			103,046			264,423
Cash and cash equivalents, end of year	$	66,663		$	610		$	89,512		$	156,785