Gamco investors, inc. et al (GBL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

81,917

117,196

77,809

117,121

83,412

109,390

-

-

-

-

-

Net income

-

-

-

-

-

-

116,853

75,595

69,675

70,015

56,142

Loss from discontinued operations, net of taxes

-

-

-

-

-3,887

3,107

26,820

-

-

-

-

Income from continuing operations

-

-

-

-

87,299

106,283

90,033

-

-

-

-

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

-

-

-

-

-

-

-

5,948

1,060

9,155

10,335

Depreciation and amortization

1,222

562

595

625

618

669

749

777

825

700

656

Accretion of discounts and amortization of premiums

-34

0

-

-

-

-

-

-

-

-

-

Actual stock based compensation expense

2,841

1,620

8,669

3,959

9,868

5,278

1,562

13,583

2,588

10,585

5,085

Deferred income taxes

-4,777

-487

-5,451

-5,537

1,166

3,493

-113

8,504

-1,521

7,553

1,831

Tax benefit from exercise of stock options

-

-

-

-

102

349

16

105

-

-

-

Tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

0

216

-

Tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

-

-

168

Foreign currency translation gain/ (loss)

-35

6

-82

164

46

57

-20

28

-8

16

-53

The cost basis of donated securities during the period.

2,601

325

-

-

-

-

-

-

-

-

-

Other-than-temporary loss on available for sale securities

-

-

-

-

-

-

-

20

0

0

-

The fair value of donated securities during the period.

-

-

1,124

499

1,945

1,486

1,893

448

167

524

-370

Unrealized loss on securities

-4,717

-18,632

0

0

-

-

-

-

-

-

-

Net realized loss on available for sale securities

-74

0

62

4

-

-

-

-

-

-

-

Gains on sales of available for sale securities

-

-

-

-

6

587

1,324

1,565

772

29

2,150

Amortization of discount on convertible debt

-

-

-

-

-

-

-

-

-

52

85

Accretion of zero coupon debentures

-

-

-

-

628

885

1,253

3,155

4,572

0

0

Loss on extinguishment of debt

-

-

-3,300

0

-1,067

-84

-998

-6,307

2

-497

0

Acquisition of identifiable intangible asset

-

-

-

-

1,661

0

0

-

-

-

-

(Increase) decrease in assets:
Investments in securities

3,154

13,568

-8

-186

240

0

0

-17,174

58,286

132,702

-97,533

Receivable from affiliates

-

-

-

-

-

-

0

-

-

-

-

Contributions to partnerships

-

-

-

-

-

-

-

-27,443

-15,483

-20,743

-4,351

Distributions from partnerships

-

-

-

-

-

-

-

-36,735

-57,148

-9,680

-12,739

Receivable from brokers

-2,434

1,845

1,125

-638

-592

1,055

628

29,742

30,039

16,549

13,612

Investment advisory fees receivable

10,416

-13,035

-5,024

12,688

-6,679

-8,528

8,093

10,272

-12,718

8,975

24,101

Receivable from affiliates

-257

-1,532

-329

927

-21,393

0

-

-

-

-

-

Income taxes receivable

1,388

-615

-

-

-

-

-

-

-

-

-

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

-

-

1,105

2,562

4,354

1,988

-570

979

-286

0

-14,865

Other assets

2,037

-234

73

69

-529

-10,289

2,901

-338

5,659

2,411

2,121

Increase (decrease) in liabilities:
Payable to affiliates

-

-

-

-

-

-

295

-

-

-

-

Payable to brokers

-112

-698

-990

54

1

-752

763

3,576

9,216

1,159

-1,462

Income taxes payable

3,145

-252

-689

2,768

-10,401

-896

-2,238

432

-4,456

1,241

0

Compensation payable

3,869

-22,496

40,517

17,969

-6,369

11,116

13,394

-7,162

-6,076

10,470

-1,295

Payable to affiliates

2,941

186

-557

-6,275

7,333

-410

-

-

-

-

-

Mandatorily redeemable noncontrolling interests

-

-

-

-

-

-

0

44

137

178

-226

Accrued expenses and other liabilities

5,788

3,297

-714

144

987

-2,257

8,448

2,179

2,651

-916

1,467

Total adjustments

8,074

686

48,882

-1,384

29,831

34,175

14,664

10,150

-33,312

-

-

Net cash provided by operating activities from continuing operations

-

-

-

-

117,130

140,458

104,697

85,745

-

-

-

Total adjustments

-

-

-

-

-

-

-

-

-

-150,045

75,651

Net cash provided by operating activities

89,991

117,882

126,691

115,737

-

-

-

-

36,363

-80,030

131,793

Cash flows from investing activities:
Purchases of securities

5,084

2,388

3,932

1,843

6,279

5,024

4,398

1,268

4,378

157

8,194

Proceeds from sales of securities

314

0

4,169

408

81

3,877

5,262

3,184

6,054

2,097

4,329

Net cash transferred to AC

-

-

-

-

-

-

19,683

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-62,258

55,102

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

14

0

-

-

-

-

-

-2,531

-2,306

-2,988

-3,717

Net cash used in investing activities

-4,756

-2,388

237

-1,435

-

-

-

-

3,982

67,186

-55,250

Cash flows from financing activities:
Repurchase of zero coupon subordinated debentures

-

-

-

-

-

-

-

-56,215

-32

-

-

Dividends paid

2,756

2,328

2,315

2,333

7,468

12,618

18,419

76,809

30,477

50,631

59,431

Dividends paid to noncontrolling interests

-

-

-

-

-

-

-

-

-

829

-

Purchase of treasury stock

37,357

10,610

14,324

10,773

27,249

32,739

14,768

54,928

20,408

30,206

7,030

Repayment of principal portion of lease liability

180

0

-

-

-

-

-

-

-

-

-

Contributions from redeemable noncontrolling interests

-

-

-

-

-

-

-

24,189

22,418

25,137

0

Redemptions of redeemable noncontrolling interests

-

-

-

-

-

-

-

13,069

2,340

475

3,677

Issuance of 5.875% Senior notes due June 1, 2021

-

-

-

-

-

-

-

-

100,000

0

0

Issuance costs on the 5.875% Senior notes due June 1, 2021

-

-

-

-

-

-

-

-

934

0

0

Net cash provided by (used in) investing activities from continuing operations

-

-

-

-

-6,198

-1,147

864

4,447

-

-

-

Repayment of Zero coupon subordinated debentures due December 31, 2015

-

-

-

-

13,101

716

7,705

-

-

-

-

Repurchase of 5.875% Senior note due June 1, 2021

-

-

-

-

76,533

0

0

-

-

-

-

The cash outflow for the extinguishment of long-term borrowing before its maturity.

-

-

-

-

0

0

-

-

-

-

-

Proceeds from 4.5% Convertible note due August 15, 2021

-

-

-

-

0

0

-

-

-

-

-

Repayment of 6% Convertible note due August 14, 2011

-

-

-

-

-

-

-

-

-

40,400

0

Repayment of 4.5% Convertible note due August 15, 2021

-

-

-

-

0

-

99,000

0

0

60,000

-

Repayment of GGCP loan due December 28, 2016

-

-

-

-

0

0

-

-

-

-

-

Proceeds from GGCP loan due December 28, 2016

-

-

-

-

35,000

-

-

-

-

-

-

Proceeds from 1.6% AC Note due February 28, 2018

-

-

-

-

0

-

-

-

-

-

-

The cash inflow from sale of margin loans.

-

-

-

-

0

-

-

-

-

-

-

The cash outflow from the repayment of margin loans.

-

-

-

-

0

-

-

-

-

-

-

The expensing of upfront debt issuance costs over the life of the debt.

-

-

187

33

0

-

-

-

-

-

-

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

-

-

-

-

-21,739

-86,703

-

-

-

-

-

Payments to Noncontrolling Interests

-

-

-

-

-

-

-

-

331

-

-

Repurchase of Zero coupon subordinated debentures due December 31, 2015

-

-

-

-

-

-

-

-

-

0

-

Proceeds from exercise of stock options

-

-

-

-

1,167

1,637

76

920

0

1,588

607

Proceeds from GGCP loan due December 28, 2016

-

-

-

-

-

0

0

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

0

-

-

-

-

-

Net cash used in financing activities from continuing operations

-

-

-

-

-109,923

-131,139

-159,499

-175,912

-

-

-

Net cash provided by operating activities

-

-

-

-

54,335

-76,618

36,299

-

-

-

-

Net cash used in investing activities

-

-

-

-

-41,463

3,839

29,403

-

-

-

-

Net cash used in financing activities

-

-

-

-

-12,871

66,367

-11,597

-

-

-

-

Net cash provided by discontinued operations

-

-

-

-

1

-6,412

54,105

-

-

-

-

Net cash used in financing activities

-40,293

-92,029

-148,902

-88,247

-

-

-

-

67,896

-155,816

-69,531

Effect of exchange rates on cash and cash equivalents

-8

-84

-17

38

15

19

-7

-12

0

-9

84

Net increase in cash and cash equivalents

44,934

23,381

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-21,991

26,093

1,025

1,779

160

-85,732

108,241

-168,669

7,096

Decrease in cash from deconsolidation of partnership

-

-

-

-

-

-

-

-

1,502

0

-

Supplemental disclosures of cash flow information:
Cash paid for interest

2,539

3,622

12,180

11,274

7,011

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

6,671

9,797

10,049

9,539

12,902

12,890

Cash paid for taxes

26,874

36,400

62,259

75,238

59,657

70,103

51,964

32,106

45,460

29,870

25,364

Borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock.
Loss on extinguishment of debt

-

-

-3,300

-

-

-

-

-

-

-

-

Issuance of debt

-

-

0

109,826

-

-

-

-

-

-

-

Repayment of debt

-

-

113,300

0

-

-

-

-

-

-

-

A promissory note issued on December 26, 2017.
Issuance of debt

-

-

15,000

0

-

-

-

-

-

-

-

Repayment of debt

0

15,000

0

0

-

-

-

-

-

-

-

A loan a brokerage customer takes on by trading on margin.
Issuance of debt

0

11,000

20,850

0

-

-

-

-

-

-

-

Repayment of debt

0

25,115

5,000

0

-

-

-

-

-

-

-

The expensing of upfront debt issuance costs over the life of the debt.

0

24

-

-

-

-

-

-

-

-

-

A promissory note issued in connection with the spin-off of AC on November 30, 2015.
Repayment of debt

0

50,000

50,000

150,000

-

-

-

-

-

-

-

The cash outflow for the extinguishment of long-term borrowing before its maturity.

-

-

50,000

-

-

-

-

-

-

-

-

Loan borrowed from GGCP in connection with the tender offer on November 18, 2015.
Repayment of debt

-

-

0

35,000

-

-

-

-

-

-

-