2009 Annual Report (PDF) - FTI Consulting

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2009 was a year in which the world stabilized and entered the earlystages of a recovery after a paralyzing credit crisis and the worstrecession in a generation. FTI’s business, which is constructed toperform well through both good times and bad, reflected the shiftin demand drivers from activities that predominated during thedownturn toward those experienced in economic expansion.We are pleased that during this transition we were able to delivera year of record revenues, earnings and free cash flow.
DEAR FELLOW STOCKHOLDER:In our 2008 Annual Report, we noted that “the gradual deteriorationin business conditions seen at the beginning of the year snowballed intoa precipitous and unprecedented dislocation of the financial markets, and,indeed, the global economy.” We described the economic scene as “chaos,”and aptly so. Against this backdrop, and despite the trends in the markets,FTI delivered a record performance in 2008.Today, we are pleased to report that in 2009, despite one of the worsteconomies in memory, we were able to repeat that performance with anotheryear of record revenues, earnings and cash flow. We believe this performancevalidates the efforts we have undertaken to build a company that:• Benefits from growth drivers across the entire economic cycle• Provides critical thinking to our clients at the critical time• Is “built to last”
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• a significant change in the man
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Additionally, we record deferred ta
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Year Ended December 31, 2009 compar
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Other Segment Operating DataYear En
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14.6% in 2008. The increase in SG&A
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expense in 2009 was primarily due t
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Amortization of other intangible as
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Gross profit margins increased by 6
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foreign currency translation of app
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The availability of borrowings unde
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Future Contractual ObligationsThe f
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Equity Price SensitivityWe currentl
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Management’s Report on Internal C
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Report of Independent Registered Pu
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FTI Consulting, Inc. and Subsidiari
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ITEM 9. CHANGES IN AND DISAGREEMENT
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PART IVITEM 15. EXHIBITS AND FINANC
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ExhibitNumber Description of Exhibi
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SIGNATURESPursuant to the requireme
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FTI Consulting Canada LLC .........
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The Board of DirectorsFTI Consultin
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Exhibit 31.2Certification of Princi
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Exhibit 32.2Certification of Princi
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CORPORATE TEAMJack B. Dunn, IVPresi
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2009 Annual Report (PDF) - FTI Consulting

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