HENNESSY ADVISORS INC HNNA Cash Flow

Hennessy advisors inc (HNNA)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10
Cash flows from operating activities
Net income
9,662	10,592	11,031	12,279	13,840	15,495	20,615	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	14,942	15,124	15,058	14,713	14,367	14,253	13,662	12,973	11,389	10,369	9,111	8,276	7,667	6,826	6,151	5,509	4,820	3,525	2,458	1,587	971	966	1,015	1,101	1,215	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
230	223	225	230	235	240	231	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss on marketable securities
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use asset related to straight-line rent
-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and depreciation
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	288	-	258	252	247	242	239	225	210	188	156	132	112	95	93	94	95	102	0	0	0
Deferred income taxes
-1,271	-1,283	-1,304	-2,111	-2,255	-1,658	2,576	3,118	3,427	3,263	-1,717	-1,224	-1,126	-1,116	-1,359	-1,731	-3,084	-2,200	-1,308	-1,354	-357	-1,975	-1,494	-1,452	-1,509	-954	-1,300	0	0	0	-	-	-	-	-	-	-	-
Restricted stock units repurchased for employee tax withholding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Tax effect from restricted stock unit vesting
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Restricted stock units repurchased for employee tax withholding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Stock-based compensation
1,981	2,091	2,212	2,252	2,291	2,383	2,413	2,361	2,308	2,188	2,118	1,952	1,773	1,594	1,416	1,243	1,063	882	692	553	435	313	202	152	101	54	8	12	20	30	52	75	98	126	171	0	0	0
Interest expense associated with debt issuance cost
157	83	106	131	147	146	147	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of loan fee payments
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities
Realized loss on liquidation of available for sale security
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	108	0	0	0	-	-	-	-	-	-	-	-
Investment fee income receivable
-1,151	-131	-968	-1,081	-1,111	-1,152	-66	97	152	224	95	100	246	119	178	298	366	1,054	910	968	1,020	626	740	845	811	792	1,759	1,581	1,527	1,386	95	-46	-87	-88	-71	0	0	0
Prepaid expenses
18	99	-35	-83	-3	67	-946	-20	-77	-173	439	-145	-252	-62	126	-428	436	230	448	1,018	126	164	332	-752	-515	23	79	808	634	-42	-46	21	-83	93	50	0	0	0
Other accounts receivable
-148	3	-21	-49	4	-54	-171	-70	-50	-11	4	-37	12	-124	45	275	239	274	91	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	430	-5	-4	35	-17	-3	0	0	0
Other assets
-	-	-	-	-36	0	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-28	0	0	0	-	-	-	-	-10	0	0	0	-	-	-	-
Accrued liabilities and accounts payable
-684	-324	-1,545	-1,222	-735	-66	-270	138	-38	-48	775	323	383	-41	1,879	1,006	956	810	1,161	621	289	374	453	771	602	693	1,897	2,189	1,708	942	214	-36	-52	-52	-132	0	0	0
Income taxes payable
386	-52	114	135	-309	60	-118	417	633	1,359	292	0	0	0	-714	0	0	0	-	-	-	-	-44	0	4	981	-4	0	0	0	-	-	-	-	-18	0	0	0
Deferred rent
-	-	-50	-48	-44	-41	-36	-33	72	146	170	161	50	-30	-62	-62	-57	-57	-48	40	122	120	110	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-55	-45	41	63	63	79	-3	-37	-26	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	18,614	17,775	18,186	17,395	17,973	15,503	14,444	13,550	9,875	9,664	9,413	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Long-term portion of deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by operating activities
14,217	13,845	14,392	17,089	18,760	20,963	21,531	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,098	2,037	1,783	1,863	1,816	1,878	0	0	0
Cash flows from investing activities
Purchases of property and equipment
184	181	204	260	229	360	360	341	328	201	176	175	152	130	184	265	311	312	258	175	115	131	140	134	180	189	253	267	220	191	101	42	53	57	52	0	0	0
Deferred offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments related to management contracts
711	740	1,770	1,894	1,910	4,217	3,535	3,514	3,544	1,276	269	11,517	11,527	11,491	11,678	0	0	0	-	-	-	-	19,152	19,180	19,872	19,930	20,680	20,851	20,195	20,137	273	0	0	0	-	-	-	-
Proceeds on liquidation of available for sale security
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	404	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-11,678	-11,620	-11,862	-735	-762	-743	-450	-224	-127	-131	-19,292	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-895	-921	-1,974	-2,154	-2,139	-4,577	-3,895	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19,924	-374	-116	-91	-95	-52	0	0	0
Cash flows from financing activities
Principal payments on bank loan
19,687	4,375	4,375	4,375	4,375	4,375	4,375	4,485	4,449	4,412	4,375	4,264	4,302	4,338	4,375	4,219	4,062	3,906	3,750	3,751	3,751	3,751	3,432	2,954	2,476	1,998	1,585	1,281	978	675	625	625	625	625	573	0	0	0
Shares repurchased pursuant to stock buyback program
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax effect from restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	298	0	0	0	-	-	-	-	-	-	-	-
Restricted stock units repurchased for employee tax withholding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	518	203	203	203	139	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	608	649	626	0	0	0
Tax effect from restricted stock units and stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	0	0	0	-	-	-	-
Restricted stock units purchased for employee tax withholding
-	-	398	545	545	579	660	636	636	602	653	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0	-	-	-	-	-	-	-	-
Proceeds from new bank loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,287	13,287	13,287	13,287	16,525	0	0	0	-	-	-	-	-	-	-	-
Loan fee payments on bank loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	153	152	152	152	223	0	0	0	-	-	-	-	-	-	-	-
Proceeds from shares issued pursuant to the 2018 Dividend Reinvestment and Stock Repurchase Plan
3	41	20	28	24	24	16	46	30	10	3	-4	3	16	15	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend payments
3,804	3,700	3,539	3,303	3,260	3,169	2,883	2,715	2,501	2,289	2,210	2,027	1,865	1,706	1,500	1,474	1,429	1,382	1,383	1,264	1,141	1,015	898	843	788	733	729	725	722	721	685	648	611	575	945	0	0	0
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-6,333	-6,196	-5,875	-19,106	-18,912	-18,722	-18,553	-5,959	-4,652	-4,452	9,118	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-31,397	-13,915	-13,126	-12,329	-8,195	-8,138	-7,941	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,920	-1,295	-1,258	-1,221	-1,200	-1,518	0	0	0
Net decrease in cash and cash equivalents
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	8,815	8,547	11,093	12,165	908	603	-41	449	-2,446	-1,701	-3,962	-4,559	7,367	5,096	5,081	-761	-263	-2,044	-1,900	-324	-1,826	-2,028	-2,906	368	409	551	521	308	0	0	0
Supplemental disclosures of cash flow information:
Cash paid for income taxes
-	-	3,085	3,003	3,897	4,443	4,443	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
853	911	999	1,071	1,089	1,096	1,096	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	5,526	6,046	6,960	6,920	5,627	6,040	5,194	4,597	4,921	4,126	3,519	2,556	2,388	1,887	1,779	0	0	0	-	-	-	-	345	0	0	0
Interest
-	-	-	-	-	-	-	-	-	-	-	-	835	1,176	1,190	1,150	1,113	1,023	1,004	1,041	1,079	1,116	1,053	953	847	740	617	453	286	117	52	55	58	62	63	0	0	0