Associated capital group, inc. (AC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Operating activities
Net income/(loss)

-77,352

12,384

5,592

152

24,654

-40,652

-7,222

12,863

-22,372

15,742

1,333

4,626

-13,017

3,628

4,029

1,265

1,547

3,899

-8,004

838

2,376

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity in net (gains) losses from partnerships

-10,676

5,144

965

226

3,838

-1,619

789

3,407

-499

3,949

1,635

3,994

696

3,980

3,931

1,091

2,181

4,087

-2,986

1,567

2,088

Depreciation and amortization

802

12

6

6

6

6

6

5

4

4

4

4

4

4

4

6

3

4

3

3

3

Stock-based compensation expense

-

-

-

-

-

0

0

0

72

653

1,862

2,920

444

449

727

644

644

3,036

630

627

638

Deferred income taxes

-21,186

2,341

9,018

-3,999

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary loss on available for sale securities

-

-

-

-

-

-

-

-

-

70

0

0

19,131

26

0

298

0

-

-

-

-

The fair value of donated securities during the period.

281

277

117

814

944

0

0

0

0

0

0

2,061

566

1,051

0

0

0

-

-

-

-

Gain (loss) on the value of stock converted in exchange during the period.

-

-

-

-

-

-6,579

0

0

-2,127

0

0

0

0

-

-

-

-

-

-

-

-

Unrealized (gains) losses on securities

-64,337

3,433

4,549

-6,146

20,047

-54,397

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Realized losses on sales of securities

-

-

-

-

-

-37

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net gains on sales of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-20

45

(Increase) decrease in assets:
Investments in securities

-50,246

7,566

5,555

13,704

35,098

-51,941

-56,450

40,242

14,225

-65,353

119,130

-16,490

-11,056

96,439

-82,373

9,504

-9,801

100,648

-14,410

-10,083

-4,603

Investments in Partnerships [Abstract]
The increase (decrease) in the contributions to partnerships during the reporting period.

3,429

5,400

6,000

12,600

4,071

500

0

5,100

2,977

9,350

10,601

1,363

4,964

6,150

5,300

7,300

17,617

-1

2,801

2,499

9,870

The increase (decrease) in the distributions from partnerships during the reporting period.

1,266

8,831

1,532

740

500

22,436

4,350

3,246

1,916

9,594

965

5,592

5,000

8,931

1,888

681

11,699

57

7,740

1,535

13,525

Receivable from affiliates

-3,743

3,631

112

-105

-578

894

-1,155

335

369

-2,308

720

930

1

-6,394

1,853

2,558

-3,951

7,055

0

0

0

Receivable from brokers

-6,748

448

-461

-2,817

2,351

6,276

-2,754

2,571

-19,523

19,127

3,161

571

-567

-7,219

-1,462

-2,009

-32,535

3,914

-3,789

36,778

-6,895

Investment advisory fees receivable

-8,271

8,295

29

70

-3,206

3,027

30

-148

-4,254

4,306

-3

87

-8,435

7,853

369

99

-3,414

2,905

397

120

-2,473

Income taxes receivable

-1,062

-

-

-

-2,551

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

The increase (decrease) during the reporting period in income taxes receivable and deferred tax assets.

-

-

-

-

-

-

-

-1,241

1,241

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable and deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other assets

-5,693

4,998

1,080

-668

-9,021

6,740

1,818

-1,445

-6,356

5,089

-7,059

9,521

-5,134

3,987

2,012

94

-628

853

-1,392

-349

-16,680

Increase (decrease) in liabilities:
Payable to brokers

-6,070

4,332

1,210

-8,076

11,912

-7,814

291

7,413

-7,660

-140

3,300

3,953

3,772

847

-17,423

6,721

-38,376

1,284

479

38,538

4,215

Income taxes payable and deferred tax liabilities, net

-3,676

-155

-7,407

4,073

3,645

6,152

-858

1,686

-5,484

9,416

-101

-2,102

-8,416

1,383

1,800

-1,085

-1,038

7,131

-5,019

-843

922

Payable to affiliates

154

11

-9

-654

620

-88

-53

174

40

6

-87

-37

-895

1,124

-31

-311

673

-

-

-

-

Payable to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

179

430

2,027

Compensation payable

-14,582

8,653

2,137

1,946

-3,877

4,597

1,962

1,847

-9,803

3,345

1,774

1,674

-11,685

9,177

2,488

1,118

-6,032

5,880

-1,031

1,507

-4,609

The increase (decrease) during the reporting period in mandatorily redeemable noncontrolling interests.

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-292

127

25

16

4

Accrued expenses and other liabilities

-367

2,447

-3,113

1,256

-1,060

3,415

-13

-496

-48

2,326

-2,422

-2,093

-28,853

27,302

2,626

1,935

132

-383

79

115

487

Total adjustments

103,969

-11,890

-14,340

-23,527

-37,359

113,015

63,407

-35,043

-7,016

36,158

-123,015

11,954

-1,401

-55,880

62,449

-8,978

-1,472

-116,332

22,587

11,434

35,852

Net cash provided by (used in) operating activities

26,617

494

-8,748

-23,375

-12,705

72,363

56,185

-22,180

-29,388

51,900

-121,682

16,580

-14,418

-

-

-

-

-

-

-

-

Investing activities
Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

-

14,583

12,272

38,228

Purchases of securities

193

3,623

342

682

342

12,350

0

0

0

1,317

681

822

2,080

996

3,629

263

219

241

1,427

206

41,397

Proceeds from sales of securities

321

2,229

13

578

2,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return of capital on securities

349

-394

594

161

571

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of building

11,084

268

0

6,250

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of securities

-

-

-

-

-

-

-

-

0

-

-

-

-

0

0

803

0

0

0

913

100

The cash inflow from return of capital on available for sale securities.

-

-

-

-

-

-

-

-

0

-442

506

408

423

-565

215

276

263

-30

302

35

217

Proceeds from note receivable

-

-

-

-

-

-

0

0

15,000

-

0

0

0

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-10,607

-1,467

265

-6,193

2,337

-10,264

0

0

15,000

-16,759

25

-343

-1,657

-

-

-

-

-

-

-

-

Financing activities
Net cash (used in) provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

-

-1,125

742

-41,080

Contributions from redeemable noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Redemptions of redeemable noncontrolling interests

531

601

743

1,064

526

982

345

336

1,971

0

0

-5

241

0

0

36

208

299

161

0

441

The net cash outflow (or cash inflow) from funds transferred to affiliates during the period.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

28,258

12,024

-27,349

-38,123

Dividends paid

2,248

0

0

2,254

2,259

0

-9

2,306

2,369

2,365

10

2,393

0

0

2,504

0

0

-

-

-

-

Purchase of treasury stock

3,225

772

1,342

1,630

391

440

732

5,380

459

5,344

3,779

11,972

126

34,747

2,883

1,580

2,420

44

0

0

0

Proceeds from payment of GAMCO Note

-

-

-

-

-

0

20,000

20,000

10,000

20,000

10,000

10,000

10,000

0

150,000

0

0

-

-

-

-

Net cash used in financing activities

-6,004

-1,373

-2,085

-4,950

-3,176

-1,422

18,932

11,978

5,201

15,669

44,431

-4,360

9,633

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

10,006

-2,346

-10,568

-34,518

-13,544

60,677

75,117

-10,202

-9,187

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash from deconsolidation

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-2

0

0

0

13

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,628

-

-11,485

27,685

37,682

Net increase/(decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

50,810

-77,226

11,877

-6,442

-88,310

207,677

-8,513

-2,509

-157,305

1,973

40,699

34,830

Amount of increase (decrease) in cash from consolidation.

-

-

-

-

-

0

0

0

47

0

0

0

0

-

-

-

0

-

-

-

-

Supplemental disclosures of cash flow information:
Cash paid for interest

49

61

57

35

44

120

70

38

33

17

69

71

70

-

-

-

-

-

-

-

-

Cash paid for taxes

0

2,500

0

2,200

0

-444

0

304

0

-

-

-

-

-

-

-

-

-

-

-

-

Reconciliation to cash, cash equivalents and restricted cash
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128

-

345

379

302

Cash paid for taxes

-

-

-

-

-

-

-

-

-

-

277

1,800

0

0

0

1,389

1,600

0

0

2

0