Greenhill & co inc (GHL)
CashFlow / TTM
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'11Dec'10Sep'10Jun'10Mar'10
Operating activities:
Net income (loss)

18,791

10,978

-2,030

-5,742

17,468

39,222

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

55,659

60,762

44,987

32,561

22,352

25,598

32,929

52,118

50,753

43,388

43,945

25,870

33,302

46,682

46,029

52,820

39,574

42,092

43,077

43,052

62,301

44,584

30,939

37,589

34,988

39,421

0

0

0

Adjustments to reconcile net income (loss) to net cash used for operating activities:
Non-cash items included in net income (loss):
Depreciation and amortization

4,282

4,487

4,694

4,879

5,080

5,175

4,689

4,200

3,667

3,114

3,134

3,150

3,181

3,243

3,329

3,430

3,560

3,433

3,317

3,227

3,136

3,228

3,296

3,352

3,547

4,461

5,389

6,304

6,996

7,240

7,512

7,830

8,123

8,009

7,822

7,437

7,090

5,986

0

0

0

Net investment gains

-333

113

187

14

-97

-210

-276

-382

-234

-258

-414

-245

-280

-255

104

321

476

234

191

10

-1,408

-6,399

-6,372

-9,166

-4,568

-1,418

-10,113

-15,318

-16,838

-8,401

5,336

-10,076

-7,123

-13,954

-16,630

-9,143

3,708

11,724

0

0

0

Restricted stock units recognized, net

46,671

46,382

45,714

44,372

39,496

37,941

35,395

35,577

37,809

40,597

45,867

45,926

48,942

45,880

43,857

42,621

43,828

47,071

44,605

49,497

46,426

39,990

43,536

42,664

46,025

56,100

55,086

55,040

55,030

54,178

0

0

0

-

-

55,159

56,626

53,800

0

0

0

Deferred taxes, net

3,336

-815

-862

719

2,275

5,435

23,439

16,768

13,682

14,594

-7,205

-2,680

-3,538

-7,457

-5,775

-5,902

-5,941

-6,058

-1,492

-2,447

-1,211

3,633

-3,127

-4,732

-1,504

-7,710

-7,358

-14,918

-22,849

-18,232

-13,351

-9,695

-3,796

-5,538

0

0

0

-

-

-

-

Deferred gain on sale of certain merchant banking assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

194

195

195

195

213

228

244

260

415

552

691

829

883

956

1,002

1,100

0

0

0

Loss on fair value of contingent obligation

0

575

1,084

1,515

4,196

4,531

8,329

9,772

5,583

-1,332

-5,613

-7,522

-4,942

1,448

1,825

1,960

888

503

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for doubtful accounts

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Fees receivable

12,854

17,170

-47,042

-55,639

-57,199

-2,451

32,425

48,779

35,023

-3,896

-22,288

-16,814

5,441

3,710

5,191

-1,951

-10,668

-17,341

-16,885

-5,721

15,490

-3,465

23,679

17,591

1,381

30,792

5,822

9,708

-183

1,170

22,451

13,702

23,444

23,088

-12,154

7,172

8,248

2,019

0

0

0

Due (from) affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other receivables and assets

-22

143

3,832

12,973

789

836

4,033

5,760

12,310

-449

-2,746

-264

-1,860

-1,509

5,783

-208

4,939

1,779

843

255

-5,427

4,099

-809

4,742

10,620

1,333

3,090

204

1,202

686

-294

-3,321

-8,190

-1,423

-5,649

-3,844

-15,234

-8,403

0

0

0

Deferred tax asset, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,668

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Compensation payable

-2,434

-30,939

-20,032

-13,973

-8,181

30,313

22,996

17,503

12,644

-11,505

-2,690

4,179

309

15,394

8,947

1,768

7,459

-4,271

-4,281

6,718

2,302

12,554

11,528

-5,301

-5,636

-7,556

-821

8,714

677

-11,112

-14,885

-14,308

-63

4,873

6,831

10,410

4,505

-8,704

0

0

0

Accounts payable and accrued expenses

2,503

1,690

-2,331

-2,054

-13,488

-9,546

2,032

2,043

8,548

5,409

-1,439

-3,592

-232

-706

1,923

-1,077

-15,036

-5,747

-11,722

-8,032

5,359

-4,658

4,154

6,078

3,932

7,162

2,107

3,342

4,073

6,388

-3,224

-3,464

5,963

-394

6,128

15,605

-4,039

-3,980

0

0

0

Current income taxes payable

8,669

2,168

-7,224

-6,174

-8,375

2,175

3,400

2,215

8,763

-13,657

-10,314

-8,101

-2,200

-52

4,860

864

-748

9,012

-44

6,067

-4,574

-5,338

-938

-1,795

1,945

-452

2,050

1,042

5,614

7,915

0

0

0

-

-

-

-

-

-

-

-

Settlement of restricted stock units in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,093

0

0

0

-

-

-

-

Net cash provided by (used for) operating activities

67,348

14,332

58,071

62,229

94,201

116,294

65,181

17,875

24,060

15,172

70,431

91,282

94,294

124,234

100,544

85,843

76,749

92,751

92,028

124,875

98,312

103,289

85,702

52,774

73,983

67,785

103,467

117,519

104,687

94,751

58,218

79,447

114,730

97,713

102,353

110,365

84,932

68,157

0

0

0

Investing activities:
Purchases of investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

6,536

0

0

0

-

-

-

-

16,216

0

0

0

Proceeds from sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-36,230

-59,502

-52,915

-56,048

-57,834

0

0

0

-

-

-

-

-

-

-

-

Distributions from investments, net

-

-

-

-

-

-

-

-

-

221

1,159

997

962

937

64

64

565

832

813

1,028

643

630

864

731

1,351

1,283

1,004

3,182

3,011

3,040

0

0

0

-

-

-

-

20,615

0

0

0

Purchases of property and equipment

2,030

1,648

1,588

1,244

1,766

2,124

2,619

2,991

2,779

2,555

2,079

1,911

1,889

1,737

1,620

2,574

2,443

2,242

2,586

1,809

2,085

2,439

2,321

1,660

1,328

1,151

1,364

2,257

2,218

2,833

2,508

1,979

3,800

2,941

6,829

9,245

7,869

8,127

0

0

0

Net cash used in investing activities

-3,841

-1,409

-1,349

-1,097

-260

-618

-1,114

-1,471

-2,583

-2,334

-920

-914

-927

-800

11,604

10,650

-33,990

-33,531

-47,026

-46,034

-1,451

-1,809

8,103

23,462

30,070

35,802

43,135

37,833

40,706

35,998

15,836

10,077

47,561

46,704

54,894

46,471

4,413

-6,758

0

0

0

Financing activities:
Proceeds from revolving bank loan

-

-

-

-

-

-

-

-

-

69,355

92,125

91,100

101,179

105,999

98,209

90,879

87,400

80,000

81,845

84,775

72,675

72,176

74,601

72,326

96,401

109,150

142,175

155,600

128,210

114,870

82,315

83,995

98,260

94,620

106,200

98,470

91,990

116,175

0

0

0

Repayment of revolving bank loan

-

-

-

-

-

-

-

-

-

133,425

70,850

77,350

82,279

81,729

80,629

74,729

67,000

75,800

76,125

83,475

74,225

67,425

71,751

67,126

86,601

107,426

141,250

151,175

128,800

113,845

72,190

80,840

144,490

133,520

0

0

0

-

-

-

-

Repayment of bank term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

16,875

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of secured term loan

25,000

18,125

26,875

21,875

26,250

21,875

13,125

8,750

4,375

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

164

0

0

0

Distributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

311

311

311

161

0

77

77

77

1,035

3,622

4,011

4,724

4,179

0

0

0

Dividends paid

3,731

4,417

5,845

5,117

5,127

5,158

5,357

19,875

33,786

47,552

61,367

61,401

61,628

61,609

61,077

60,549

59,894

58,940

58,387

57,101

56,419

56,283

56,241

56,679

56,487

56,225

57,083

56,251

56,663

57,129

57,278

58,038

57,855

57,680

57,267

57,787

57,226

56,879

0

0

0

Purchase of treasury stock

67,094

69,439

63,775

105,678

184,947

195,299

244,307

186,229

101,798

79,561

20,550

28,166

33,014

28,186

20,706

13,851

9,029

11,902

18,465

28,749

29,915

36,179

30,196

28,009

51,745

55,406

97,464

109,212

94,273

83,165

50,665

48,346

57,510

65,784

55,972

49,082

34,798

37,211

0

0

0

Net tax cost from the delivery of restricted stock units and payment of dividend equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

4,883

4,984

5,200

5,772

5,944

6,644

6,650

7,195

2,888

2,335

2,018

2,330

-8

1,333

820

439

-3,366

-1,573

-850

-1,035

3,255

-2,388

-1,404

-819

5,533

0

0

0

Net cash used in financing activities

-60,721

-56,877

-61,391

-97,566

-216,324

-222,332

12,484

64,294

128,214

150,990

-76,992

-86,224

-90,824

-87,283

-86,062

-74,700

-20,545

-38,836

-44,026

-57,450

-95,079

-90,599

-85,922

-81,506

-100,912

-110,210

-153,138

-161,893

-151,654

-142,635

-99,468

-104,156

-162,707

-160,144

-156,462

-143,028

-99,974

-62,722

0

0

0

Effect of exchange rate changes

-

-

-

-

-

-

-

-

6,456

5,505

2,537

93

-6,150

-7,800

-5,553

-5,285

-1,060

-1,362

-2,560

-3,274

-3,860

-2,620

-1,357

897

-569

-1,022

-1,227

-1,536

-1,819

160

1,409

-3,137

-376

-450

4,560

7,985

8,155

5,077

0

0

0

Effect of exchange rate changes

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-785

-42,399

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

156,147

-

-4,944

4,237

-3,607

28,351

20,533

16,508

21,154

19,022

-1,584

18,117

-2,078

8,261

6,526

-4,373

2,572

-7,645

-7,763

-8,077

-8,080

-11,726

-24,005

-17,769

-792

-16,177

5,345

21,793

-2,473

3,754

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for interest

20,741

21,511

21,216

15,487

20,639

20,945

20,578

16,049

11,179

6,567

3,135

3,242

3,272

2,944

3,007

2,913

2,888

2,427

1,874

1,591

1,140

1,116

1,168

1,130

1,078

989

1,112

999

991

1,114

959

1,074

1,343

1,739

2,148

2,448

2,743

2,438

0

0

0

Cash paid for taxes, net of refunds

5,271

6,201

11,563

12,711

10,010

10,299

11,358

12,799

13,413

26,026

27,703

30,840

29,489

28,979

20,120

18,667

22,988

14,445

24,723

26,343

26,065

26,079

20,976

18,267

24,340

32,521

38,456

48,308

43,808

36,158

38,583

28,905

25,061

20,840

16,122

12,378

7,911

12,195

0

0

0