Hff, inc. (HF)
CashFlow / Quarterly
Mar'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
Operating activities
Net income

27,810

44,964

29,617

24,339

17,068

34,239

21,603

19,462

19,656

27,453

20,020

15,846

13,876

34,124

19,256

21,174

9,409

26,945

18,026

12,608

3,707

22,665

13,345

13,100

2,316

19,647

10,131

10,930

3,397

13,276

10,939

13,488

4,347

Adjustments to reconcile net income to net cash provided by operating activities:
Stock based compensation

5,850

6,293

6,322

6,794

5,752

4,336

4,297

4,846

3,906

3,369

2,905

3,197

2,839

2,185

1,850

2,294

2,250

1,578

1,578

1,919

4,745

1,852

3,247

673

2,530

744

856

193

1,649

622

10

798

623

Incremental tax adjustment from share-based award activities

-

-

-

-

-

-

-

-

-

-1,167

-2

-3

591

151

-4

22

296

8

-2

18

955

0

3

6

485

-

-

-

-

-

-

-

-

Deferred taxes

5,091

1,297

2,012

5,692

666

44,885

3,839

2,790

10,169

2,460

4,257

1,456

8,361

3,879

4,257

1,147

6,890

1,639

2,585

7,410

3,415

1,186

756

5,050

1,838

-16,495

1,729

4,972

2,135

2,214

1,674

7,795

2,743

Increase (decrease) in payable under the tax receivable agreement

0

-

-

-

0

-

-

-

-

-

-

-

-

0

1,052

0

1,091

0

299

0

501

-

-

-

-

16,145

1,222

0

-9

-

-

-

-

Depreciation

1,183

1,223

1,177

1,140

1,100

1,116

1,089

1,101

1,001

891

818

795

764

740

635

583

564

505

605

462

489

490

406

428

428

427

420

412

658

645

442

336

307

Amortization

4,944

4,784

5,455

4,673

4,381

3,624

3,473

2,932

2,665

2,317

2,245

2,098

1,905

1,856

1,688

1,579

1,555

1,422

1,362

1,421

1,564

1,163

1,145

1,580

1,160

1,087

999

906

858

795

749

696

648

Gain on sale and initial recording of mortgage servicing rights

7,112

13,323

5,496

4,631

8,573

9,757

6,252

6,152

7,774

3,842

3,861

3,987

4,343

4,628

4,825

3,767

3,541

4,433

1,478

1,024

1,134

1,334

1,710

3,097

1,877

3,977

2,794

2,637

1,364

1,872

1,691

3,410

1,945

Mortgage service rights assumed

885

1,819

873

898

935

1,125

1,215

778

1,307

1,086

752

1,184

1,398

938

1,433

1,585

134

1,066

847

1,322

854

3,702

-661

-520

-388

-834

-487

-531

-521

-562

-638

-436

-296

Proceeds from sale of mortgage servicing rights

-

-

-

-

-

-

-

-

-

347

0

1,521

744

2,205

1,866

1,470

555

956

703

488

399

790

1,335

2,866

1,224

1,563

821

1,664

528

476

1,031

2,939

898

Other

370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash from changes in:
Accounts receivable

2,133

-1,768

5,345

-2,266

1,960

-852

-2,413

1,793

707

-2,792

1,524

587

-1,198

234

-900

1,145

2,062

-2,231

-476

1,497

1,579

-2,633

1,677

1,010

-745

-904

-476

1,144

609

-2,177

101

1,835

623

Payable to/ (receivable from) affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

1

0

0

-153

29

16

75

-196

6

17

0

186

1

Mortgage notes receivable

612,874

-284,168

382,000

-708,295

508,586

-283,989

-23,067

-84,315

550,646

-533,537

674,662

-365,543

196,780

232,903

-363,398

-155,133

419,118

-4,719

-596

113,518

-16,662

86,927

-56,250

-148,263

-50,099

29,461

-95,481

188,241

-15,398

55,819

4,585

16,048

3,403

Net borrowings on warehouse line of credit

-612,874

284,168

-382,000

708,295

-508,586

283,989

23,067

84,315

-550,646

533,537

-674,662

365,543

-196,780

-232,903

363,398

155,133

-419,118

4,719

596

-113,518

16,662

-86,927

56,250

148,263

50,099

-29,461

95,481

-188,241

15,398

-55,819

-4,585

-16,048

-3,403

Prepaid taxes, prepaid expenses and other current assets

5,781

-5,487

-6,664

9,204

-914

3,201

-2,529

4,472

-1,710

2,920

-1,269

851

2,289

2,120

106

208

2,092

-521

-7,217

4,895

3,358

-2,661

334

647

2,598

-798

-1,416

-1,194

3,701

-364

672

-98

725

Other noncurrent assets

538

400

-545

-1,170

-1,159

-772

-1,175

3,031

2,166

-268

2,954

298

60

-224

809

611

-44

-117

672

-24

-82

-64

-130

45

-56

-55

-323

-73

-75

-86

-64

766

-23

Accrued compensation and related taxes

-13,263

11,794

3,460

18,208

-15,167

3,906

8,830

11,485

-12,973

2,166

6,233

12,521

-28,351

11,388

4,121

14,089

-19,435

12,250

6,836

10,944

-18,714

6,291

8,973

11,816

-13,389

5,461

4,631

7,922

-13,101

5,083

1,862

13,499

-4,992

Accounts payable

1,155

1,841

120

-544

-1,740

2,202

18

-6

-759

148

1,135

78

-1,414

-266

651

283

-637

812

447

-227

-323

-198

715

-14

-469

316

201

-339

-504

787

-51

162

-299

Other current liabilities

7,126

5,174

6,822

-11,087

-4,279

11,892

-7,039

1,478

-196

10,433

-2,477

3,183

-10,807

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent and other noncurrent liabilities

-

-

-

-

309

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

382

419

130

-

-630

-231

-475

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

7,306

-5,723

-7,453

-11,245

29,237

2,800

2,822

-9,373

4,509

6,084

-55

-7,446

4,999

1,898

15

-4,213

2,406

2,613

234

-1,391

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

1,891

856

94

261

1,290

308

-18

-77

-81

1,707

-89

-252

-157

-2

207

995

-480

-16

995

119

Net cash provided by operating activities

23,077

68,138

40,011

37,772

-1,923

57,154

22,658

27,443

13,095

45,062

18,143

34,020

-17,909

57,461

11,313

27,921

-19,005

73,996

28,989

29,096

-22,468

42,127

23,791

30,522

-16,636

30,667

4,006

24,113

-13,715

26,210

13,606

34,407

-564

Investing activities
Purchases of property and equipment

2,788

907

1,336

1,226

490

2,224

2,401

1,296

658

1,240

2,848

752

414

2,266

1,952

1,008

671

2,564

1,387

635

418

51

2,628

449

195

144

138

262

1,588

-3,872

343

1,252

274

Purchase of securities and other investments

3,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of businesses

-

-

-

-

-

-32

0

0

6,230

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-6,588

-907

-28,024

-1,226

-490

-2,192

-2,401

-1,296

-6,888

-1,240

-2,848

-752

-414

-2,266

-1,952

-1,008

-671

-2,564

-1,387

-635

-418

-51

-2,628

-449

-195

-144

-138

-262

-1,588

-134

-343

-1,252

-274

Financing activities
Payments on long-term debt

33

48

57

74

62

-55

103

117

137

140

137

133

145

125

122

100

92

96

96

84

73

82

82

87

88

91

86

88

75

58

61

57

58

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

120

0

0

109

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Incremental tax adjustment from share-based award activities

-

-

-

-

-

-

-

-

-

-5

-2

-3

591

-779

-4

22

296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

68,721

0

0

0

67,772

0

0

0

60,017

0

0

0

68,362

0

0

0

67,821

0

0

0

68,166

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based award activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

18

955

0

3

6

485

-

-

-

-

-

-

-

-

Treasury stock

14,512

0

68

0

14,101

0

83

0

5,850

0

33

0

2,946

0

0

0

2,376

0

0

0

6,282

0

0

0

1,705

0

0

0

565

0

0

0

94

Net cash used in financing activities

-83,266

-48

-125

-29

-81,935

55

-186

-117

-66,004

-42

-168

-130

-72,044

146

-126

-78

-69,884

-88

-98

-66

-73,566

-82

-79

-81

-1,308

-56,511

-86

-1,134

-640

-58

-61

-2,961

-152

Effects of exchange rate changes on cash and cash equivalents and restricted cash

-55

-333

-149

-630

374

-20

-44

-35

-2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents and restricted cash

-66,832

66,850

11,713

35,887

-83,974

54,997

20,027

25,995

-59,799

-

-

-

-90,367

55,341

9,235

26,835

-89,560

71,344

27,504

28,395

-96,452

41,994

21,084

29,992

-18,139

-25,988

3,782

22,717

-15,943

26,018

13,202

30,194

-990