Wisdomtree investments, inc. (EMCG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net (loss)/income

-8,638

-25,880

4,152

2,479

8,824

-11,564

22,049

16,724

9,424

238

7,976

12,105

6,880

2,477

7,955

3,651

12,072

20,530

23,288

24,172

12,062

9,622

10,623

10,602

30,204

16,476

14,965

12,242

7,854

5,253

4,533

129

1,115

889

1,359

689

155

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

19,672

30,138

0

0

572

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advisory fees received in gold and other precious metals

13,860

13,581

13,434

11,483

11,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

4,526

-1,732

-1,060

-605

3,048

-4,832

-196

-919

-136

5,015

-2,067

-412

6,302

-1,861

-729

6,271

9,219

12,445

15,355

16,610

8,608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contractual gold payments

3,760

3,516

3,502

3,110

3,098

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

3,239

3,009

2,374

3,135

3,072

3,177

3,240

3,529

3,309

4,159

3,607

3,530

3,421

3,800

3,822

3,767

3,503

3,022

2,926

2,608

2,344

2,015

2,077

2,030

2,015

1,273

1,781

1,691

1,714

1,534

1,870

1,918

2,115

1,714

1,803

1,505

2,119

Gain on sale – Canadian ETF business

2,877

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss)/gain on revaluation of deferred consideration

-2,208

-5,354

-6,306

-4,037

4,404

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right of use asset

798

795

789

792

798

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of credit facility issuance costs

723

729

729

719

711

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Paid-in-kind interest income

0

642

633

628

595

601

533

424

416

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense/(benefit)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,725

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

256

253

259

264

269

303

306

337

355

353

353

352

337

327

332

330

316

310

253

223

220

221

207

201

192

190

84

83

82

82

79

75

71

67

68

67

65

Realized losses on debt securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-176

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

31

-157

335

-2

-3

12

24

-173

-661

-397

-223

-357

56

30

99

90

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-44

22

48

48

-334

-643

-643

-595

-180

35

34

34

35

34

37

39

38

39

38

Accretion to interest income and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-3

-3

-4

-3

-32

111

-8

-14

-55

-39

-105

-9

-60

-20

-56

-33

-22

-24

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

2,942

13,943

-5,719

2,676

-2,454

4,447

707

3,134

-1,106

1,281

2

144

-1,292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-5,850

2,377

-525

-3,772

1,939

-33

-900

-2,265

-606

1,563

298

118

1,553

429

-646

-2,506

-7,055

2,068

-3,065

3,962

6,356

2,418

497

-2,770

224

1,337

571

1,362

1,750

-36

1,779

476

1,504

-112

5

542

365

Income taxes payable

-2,032

174

4,394

560

-604

-1,948

-455

3,812

4,297

-10,583

-2,845

2,040

177

-573

4,354

785

-2,879

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

616

-1,626

-858

2,165

-419

-1,048

-1,048

1,309

360

-157

-1,044

1,532

-127

-651

-642

1,052

960

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gold and other precious metals

-9,838

-10,135

-9,433

-8,343

-7,975

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-139

-743

19

734

-182

-30

21

-815

-160

377

174

-79

-64

306

124

63

-186

-1,097

-387

1,920

359

-1,168

-419

1,248

-18

-141

-41

505

256

-522

-312

695

-198

440

-354

694

170

Acquisition payable

-

-

-

-

-

-

-

-

-

-2

-3

-4

-3,538

-166

-3,513

2,550

745

-

-

-

257

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fund management and administration payable

537

-110

-1,597

-3,043

4,274

-1,777

2,378

1,364

-1,744

5,642

1,290

-329

-400

9,222

174

439

-199

1,762

-2,003

579

2,640

1,134

-1,106

-1,831

1,358

-227

-50

1,158

2,589

-

-

586

1,913

1,169

1,401

1,029

722

Compensation and benefits payable

-22,688

6,409

5,414

5,312

-9,250

4,975

145

833

-22,003

13,011

4,073

5,814

-9,772

5,855

1,537

2,492

-22,973

5,884

112

10,520

-3,230

7,324

2,377

1,586

-11,473

4,887

2,159

4,619

457

-1,079

429

1,569

-2,931

1,181

406

1,485

-2,542

Securities sold, but not yet purchased, at fair value

-112

14

25

-795

-360

-320

-9

2,027

-950

950

-27

0

-1,222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

926

925

902

879

881

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other liabilities

542

-111

1,223

-2,010

1,575

-129

-1,161

-3,816

855

1,313

646

183

212

-9,370

-48

633

751

-514

174

-480

796

199

-37

-1,090

537

403

-97

1,019

-451

-336

-3,187

2,718

1,720

-446

391

-388

553

Net cash (used in)/provided by operating activities

-2,634

3,751

27,722

7,507

7,852

7,268

21,186

13,850

-4,836

17,429

13,796

14,836

2,447

10,966

14,949

22,219

6,777

44,963

44,616

48,595

16,937

25,980

23,990

23,226

9,434

22,409

18,506

18,965

10,244

3,708

-1,004

5,850

2,680

4,263

5,772

3,134

523

Cash flows from investing activities:
Purchase of fixed assets

50

22

10

8

7

26

11

17

17

42

33

27

193

416

55

263

336

1,010

1,242

344

20

314

839

214

3,527

5,093

995

113

10

8

57

69

56

24

29

49

6

Purchase of investments (Note 10)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,904

0

8,449

-

147

1,083

154

239

415

1,629

1,314

3,906

857

1,692

3,549

2,281

2,940

399

2,494

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

6,030

931

2,274

21

18

11

33

1,031

32

2,032

60

2,051

51

3,163

8,554

3,912

1,113

3,083

494

379

808

71

65

742

61

88

173

887

1,633

2,179

1,220

1,951

2,486

2,426

1,849

1,120

2,147

Proceeds from sale of Canadian ETF business, net

2,774

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of securities held-to-maturity

-

-

-

-

-

-

-

-

-

0

2,250

0

759

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of debt securities available-for-sale

-

-

-

-

-

-

-

-

-

23,072

38,096

17,340

21,340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

0

0

4,000

60,498

26,028

19,002

25,065

21,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

11,818

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

8,754

-7,503

2,014

-1,527

11

-15

-9,119

-233,158

60,513

-19,212

-21,317

4,749

-1,241

-84,324

2,451

3,649

-11,041

-1,041

-3,652

35

-7,661

-2,084

-921

794

-3,620

-5,244

-1,237

-855

309

-1,735

306

190

-1,119

121

-1,120

672

-353

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,329

-

-

-

-

Dividends paid

5,136

5,099

5,095

5,094

5,097

5,034

5,035

5,035

4,132

10,952

10,953

10,942

10,930

10,912

10,915

10,920

10,913

45,673

11,073

10,995

10,799

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

5,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares repurchased

1,495

154

80

102

2,005

1,455

424

272

734

3,713

485

65

3,628

263

3,462

99

35,555

427

8,425

1,194

14,070

272

833

0

5,426

200

1,164

0

249

1,092

136

38

995

23

307

224

1,599

Proceeds from exercise of stock options

240

90

56

0

14

34

18

85

54

479

11

37

5

88

3

29

75

49

1,178

1,168

2,125

1,203

225

40

76

237

276

326

747

762

1,137

1,160

1,613

-

-

-

-

Net cash used in financing activities

-11,391

-11,163

-20,119

-5,196

-7,088

-6,455

-5,441

185,907

-4,812

-14,186

-11,427

-10,970

-14,553

-11,087

-14,374

-10,990

-46,393

-46,051

-18,320

-11,021

-22,744

-9,854

-608

40

-5,350

37

-888

326

498

-330

1,001

1,122

4,947

194

14

-224

-1,599

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

-1,272

1,312

-653

-115

383

-139

-245

-1,506

593

-59

555

362

262

-965

192

275

348

207

76

-38

-115

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease)/increase in cash and cash equivalents

-6,543

-13,603

8,964

669

1,158

659

6,381

-34,907

51,458

-16,028

-18,393

8,977

-13,085

-85,410

3,218

15,153

-50,309

-1,922

22,720

37,571

-13,583

13,997

22,440

24,067

464

17,202

16,381

18,436

11,051

1,643

303

7,162

6,508

4,578

4,666

3,582

-1,429

Supplemental disclosure of cash flow information:
Cash paid for taxes

1,147

4,621

1,036

3,696

707

5,639

5,918

2,502

339

10,983

12,422

8,461

1,247

8,326

2,916

154

3,594

711

195

6

350

0

45

7

14

5

-1

0

34

4

13

13

3

1

1

4

7

Cash paid for interest

2,312

1,040

2,438

2,335

2,224

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cashless exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

307

84