Wisdomtree investments, inc. (DGRS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net (loss)/income

-10,425

36,633

27,199

26,155

80,052

61,051

51,537

11,030

3,092

-7,549

-21,228

Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities:
Impairments

30,710

17,386

-

1,676

-

-

-

-

-

-

-

Advisory fees received in gold and other precious metals

49,887

32,238

-

-

-

-

-

-

-

-

-

Deferred income taxes

-349

-6,083

8,838

12,900

53,018

12,403

-

-

-

-

-

Contractual gold payments

13,226

8,512

-

-

-

-

-

-

-

-

-

Depreciation and amortization and other

-

-

-

-

-

-

-

-

-

-

583

Stock-based compensation

11,590

13,255

14,717

14,892

10,900

8,137

6,459

7,437

7,141

8,755

10,209

(Loss)/gain on revaluation of deferred consideration

-11,293

12,220

-

-

-

-

-

-

-

-

-

Amortization of right of use asset

3,174

-

-

-

-

-

-

-

-

-

-

Amortization of credit facility issuance costs

2,888

2,087

-

-

-

-

-

-

-

-

-

Paid-in-kind interest income

2,498

1,974

-

-

-

-

-

-

-

-

-

Depreciation and amortization

1,045

1,301

1,395

1,305

1,006

821

439

307

267

314

360

Settlement gain

-

-

6,909

-

-

-

-

-

-

-

-

Other

173

-798

-921

278

79

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-1,572

-706

140

154

105

185

Accretion to interest income and other

-

-

-

-

-

72

-116

-194

-135

-4

68

Changes in operating assets and liabilities:
Securities owned, at fair value

8,446

7,182

135

1,556

-

-

-

-

-

-

-

Accounts receivable

19

-3,804

3,532

-9,778

9,321

369

5,020

3,723

800

1,941

1,354

Income taxes payable

4,524

5,706

-11,211

1,687

2,974

10

-

-

-

-

-

Prepaid expenses

-738

-427

204

719

1,069

258

-

-

-

-

-

Gold and other precious metals

-35,886

-25,604

-

-

-

-

-

-

-

-

-

Other assets

-172

-984

408

307

795

-357

579

-337

950

-313

45

Acquisition payable

-

-

-3,547

-384

2,185

-

-

-

-

-

-

Fund management and administration payable

-476

221

6,203

9,636

2,978

-445

3,470

-3,111

4,321

659

-3,911

Compensation and benefits payable

7,885

-16,050

13,126

-13,089

13,286

-186

12,122

-2,012

530

1,051

575

Securities sold, but not yet purchased, at fair value

-1,116

748

-299

1,249

-

-

-

-

-

-

-

Operating lease liabilities

3,587

-

-

-

-

-

-

-

-

-

-

Accounts payable and other liabilities

677

-4,251

2,354

-8,034

-24

-391

874

915

110

627

397

Net cash (used in)/provided by operating activities

46,832

37,468

48,508

54,911

155,111

82,630

70,124

11,234

13,692

2,128

-15,027

Cash flows from investing activities:
Purchase of fixed assets

47

71

295

1,070

2,616

4,894

6,211

190

108

93

295

Purchase of investments (Note 10)

8,112

-

8,278

20,000

-

-

3,597

10,004

8,114

6,935

7,290

Funding of notes receivable (Note 9)

2,090

8,000

18,748

-

-

-

-

-

-

-

-

Proceeds from held-to-maturity securities maturing or called prior to maturity

3,244

1,107

4,194

16,742

4,764

939

2,781

7,836

7,542

7,656

15,825

Purchase of securities held-to-maturity

-

-

3,009

15,502

14,467

3,225

-

-

-

-

-

Purchase of debt securities available-for-sale

-

-

99,848

63,619

-

-

-

-

-

-

-

Proceeds from sales and maturities of debt securities available-for-sale

-

64,498

91,095

6,002

-

-

-

-

-

-

-

Cash paid for acquisition, net of cash acquired (Note 3)

-

239,313

-

-

-

-1,349

-

-

-

-

-

Cash paid – Acquisition of the right to manage Questrade's ETFs (Note 25)

-

-

2,132

-

-

-

-

-

-

-

-

Cash paid—Managing owner of GCC, net of cash acquired (Note 24)

-

-

-

11,818

-

-

-

-

-

-

-

Net cash used in investing activities

-7,005

-181,779

-37,021

-89,265

-12,319

-5,831

-7,027

-2,358

-680

628

8,240

Cash flows from financing activities:
Net proceeds from sale of common stock

-

-

-

-

-

-

-

4,329

-

-

4,988

Dividends paid

20,385

19,236

43,777

43,660

78,540

10,785

-

-

-

-

-

Repayment of debt

21,000

-

-

-

-

-

-

-

-

-

-

Shares repurchased

2,341

2,885

7,891

39,379

24,116

6,531

1,613

2,261

2,153

-

-

Credit facility issuance costs

0

8,690

-

-

-

-

-

-

-

-

-

Preferred stock issuance costs

0

181

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of debt (Note 3)

0

200,000

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

160

191

532

195

4,520

1,544

1,586

4,672

538

1

-

Net cash used in financing activities

-43,566

169,199

-51,136

-82,844

-98,136

-15,772

-27

6,740

-1,615

1

4,988

(Decrease)/increase in cash flow due to changes in foreign exchange rate

927

-1,297

1,120

-150

130

-59

-

-

-

-

-

Net (decrease)/increase in cash and cash equivalents

-2,812

23,591

-38,529

-117,348

44,786

60,968

63,070

15,616

11,397

2,757

-1,799

Supplemental disclosure of cash flow information:
Cash paid for taxes

10,060

14,398

33,113

14,990

1,262

66

38

33

13

11

3

Cash paid for interest

8,037

5,577

-

-

-

-

-

-

-

-

-

Cashless exercise of stock options and warrants

-

-

-

-

-

-

267

-

391

517

81