Hff, inc. (HF)
CashFlow / TTM
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

126,730

115,988

105,263

97,249

92,372

94,960

88,174

86,591

82,975

77,195

83,866

83,102

88,430

83,963

76,784

75,554

66,988

61,286

57,006

52,325

52,817

51,426

48,408

45,194

43,024

44,105

37,734

38,542

41,100

42,050

0

0

0

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

25,259

25,161

23,204

21,179

19,231

17,385

16,418

15,026

13,377

12,310

11,126

10,071

9,168

8,579

7,972

7,700

7,325

9,820

10,094

11,763

10,517

8,302

7,194

4,803

4,323

3,442

3,320

2,474

3,079

2,053

0

0

0

Incremental tax adjustment from share-based award activities

-

-

-

-

-

-

-

-

-

-581

737

735

760

465

322

324

320

979

971

976

964

494

0

0

0

-

-

-

-

-

-

-

-

Deferred taxes

14,092

9,667

53,255

55,082

52,180

61,683

19,258

19,676

18,342

16,534

17,953

17,953

17,644

16,173

13,933

12,261

18,524

15,049

14,596

12,767

10,407

8,830

-8,851

-7,878

-7,956

-7,659

11,050

10,995

13,818

14,426

0

0

0

Increase (decrease) in payable under the tax receivable agreement

0

-

-

-

0

-

-

-

-

-

-

-

-

2,143

2,143

1,390

1,390

800

0

0

0

-

-

-

-

17,358

0

0

0

-

-

-

-

Depreciation

4,723

4,640

4,533

4,445

4,406

4,307

4,082

3,811

3,505

3,268

3,117

2,934

2,722

2,522

2,287

2,257

2,136

2,061

2,046

1,847

1,813

1,752

1,689

1,703

1,687

1,917

2,135

2,157

2,081

1,730

0

0

0

Amortization

19,856

19,293

18,133

16,151

14,410

12,694

11,387

10,159

9,325

8,565

8,104

7,547

7,028

6,678

6,244

5,918

5,760

5,769

5,510

5,293

5,452

5,048

4,972

4,826

4,152

3,850

3,558

3,308

3,098

2,888

0

0

0

Gain on sale and initial recording of mortgage servicing rights

30,562

32,023

28,457

29,213

30,734

29,935

24,020

21,629

19,464

16,033

16,819

17,783

17,563

16,761

16,566

13,219

10,476

8,069

4,970

5,202

7,275

8,018

10,661

11,745

11,285

10,772

8,667

7,564

8,337

8,918

0

0

0

Mortgage service rights assumed

4,475

4,525

3,831

4,173

4,053

4,425

4,386

3,923

4,329

4,420

4,272

4,953

5,354

4,090

4,218

3,632

3,369

4,089

6,725

5,217

3,375

2,133

-2,403

-2,229

-2,240

-2,373

-2,101

-2,252

-2,157

-1,932

0

0

0

Proceeds from sale of mortgage servicing rights

-

-

-

-

-

-

-

-

-

2,612

4,470

6,336

6,285

6,096

4,847

3,684

2,702

2,546

2,380

3,012

5,390

6,215

6,988

6,474

5,272

4,576

3,489

3,699

4,974

5,344

0

0

0

Other

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

3,444

3,271

4,187

-3,571

488

-765

-2,705

1,232

26

-1,879

1,147

-1,277

-719

2,541

76

500

852

369

-33

2,120

1,633

-691

1,038

-1,115

-981

373

-900

-323

368

382

0

0

0

Payable to/ (receivable from) affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

2

2

-152

-124

-108

-33

-76

-99

-98

-173

209

204

0

0

0

Mortgage notes receivable

2,411

-101,877

-101,698

-506,765

117,215

159,275

-90,273

607,456

326,228

-27,638

738,802

-299,258

-88,848

133,490

-104,132

258,670

527,321

91,541

183,187

127,533

-134,248

-167,685

-225,151

-264,382

72,122

106,823

133,181

233,247

61,054

79,855

0

0

0

Net borrowings on warehouse line of credit

-2,411

101,877

101,698

506,765

-117,215

-159,275

90,273

-607,456

-326,228

27,638

-738,802

299,258

88,848

-133,490

104,132

-258,670

-527,321

-91,541

-183,187

-127,533

134,248

167,685

225,151

264,382

-72,122

-106,823

-133,181

-233,247

-61,054

-79,855

0

0

0

Prepaid taxes, prepaid expenses and other current assets

2,834

-3,861

4,827

8,962

4,230

3,434

3,153

4,413

792

4,791

3,991

5,366

4,723

4,526

1,885

-5,438

-751

515

-1,625

5,926

1,678

918

2,781

1,031

-810

293

727

2,815

3,911

935

0

0

0

Other noncurrent assets

-777

-2,474

-3,646

-4,276

-75

3,250

3,754

7,883

5,150

3,044

3,088

943

1,256

1,152

1,259

1,122

487

449

502

-300

-231

-205

-196

-389

-507

-526

-557

-298

541

593

0

0

0

Accrued compensation and related taxes

20,199

18,295

10,407

15,777

9,054

11,248

9,508

6,911

7,947

-7,431

1,791

-321

1,247

10,163

11,025

13,740

10,595

11,316

5,357

7,494

8,366

13,691

12,861

8,519

4,625

4,913

4,535

1,766

7,343

15,452

0

0

0

Accounts payable

2,572

-323

38

-64

474

1,455

-599

518

602

-53

-467

-951

-746

31

1,109

905

395

709

-301

-33

180

34

548

34

-291

-326

145

-107

394

599

0

0

0

Other current liabilities

8,035

-3,370

3,348

-10,513

2,052

6,135

4,676

9,238

10,943

332

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent and other noncurrent liabilities

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-17,115

4,816

13,339

23,614

25,486

758

4,042

1,165

3,092

3,582

-604

-534

2,699

106

821

1,040

3,862

0

0

0

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

3,102

2,501

1,953

1,841

1,503

132

1,531

1,460

1,285

1,209

-500

-204

1,043

720

706

1,494

618

0

0

0

Net cash provided by operating activities

168,998

143,998

133,014

115,661

105,332

120,350

108,258

103,743

110,320

79,316

91,715

84,885

78,786

77,690

94,225

111,901

113,076

109,613

77,744

72,546

73,972

79,804

68,344

48,559

42,150

45,071

40,614

50,214

60,508

73,659

0

0

0

Investing activities
Purchases of property and equipment

6,257

3,959

5,276

6,341

6,411

6,579

5,595

6,042

5,498

5,254

6,280

5,384

5,640

5,897

6,195

5,630

5,257

5,004

2,491

3,732

3,546

3,323

3,416

926

739

2,132

-1,884

-1,679

-689

-2,003

0

0

0

Purchase of securities and other investments

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of businesses

-

-

-

-

-

6,198

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-36,745

-30,647

-31,932

-6,309

-6,379

-12,777

-11,825

-12,272

-11,728

-5,254

-6,280

-5,384

-5,640

-5,897

-6,195

-5,630

-5,257

-5,004

-2,491

-3,732

-3,546

-3,323

-3,416

-926

-739

-2,132

-2,122

-2,327

-3,317

-2,003

0

0

0

Financing activities
Payments on long-term debt

212

241

138

184

227

302

497

531

547

555

540

525

492

439

410

384

368

349

335

321

324

339

348

352

353

340

307

282

251

234

0

0

0

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

229

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Incremental tax adjustment from share-based award activities

-

-

-

-

-

-

-

-

-

581

-193

-195

-170

-465

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

68,721

67,772

67,772

67,772

67,772

60,017

60,017

60,017

60,017

68,362

68,362

68,362

68,362

67,821

67,821

67,821

67,821

68,166

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based award activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

971

976

964

494

0

0

0

-

-

-

-

-

-

-

-

Treasury stock

14,580

14,169

14,169

14,184

14,184

5,933

5,933

5,883

5,883

2,979

2,979

2,946

2,946

2,376

2,376

2,376

2,376

6,282

6,282

6,282

6,282

1,705

1,705

1,705

1,705

565

565

565

565

94

0

0

0

Net cash used in financing activities

-83,468

-82,137

-82,034

-82,095

-82,183

-66,252

-66,349

-66,331

-66,344

-72,384

-72,196

-72,154

-72,102

-69,942

-70,176

-70,148

-70,136

-73,818

-73,812

-73,793

-73,808

-1,550

-57,979

-57,986

-59,039

-58,371

-1,918

-1,893

-3,720

-3,232

0

0

0

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

-1,167

-738

-425

-320

275

-101

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents and restricted cash

47,618

30,476

18,623

26,937

17,045

41,220

0

0

0

-

-

-

1,044

1,851

17,854

36,123

37,683

30,791

1,441

-4,979

-3,382

74,931

6,949

-10,353

-17,628

-15,432

36,574

45,994

53,471

68,424

0

0

0