Moelis & Co MC Cash Flow

Moelis & co (MC)

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	Jun'13	Mar'13
Net income (loss)
149,641	135,692	164,547	154,737	170,200	208,004	146,349	144,732	141,126	126,524	186,902	178,944	155,625	141,865	125,908	125,225	125,875	120,217	119,734	117,889	30,424	32,555	0	0	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Bad debt expense
1,629	2,399	2,883	2,039	1,661	1,044	1,789	3,672	3,187	2,895	1,120	-296	-363	-277	669	1,365	1,501	1,213	622	66	605	1,450	0	0	0	0	0
Depreciation and amortization
5,009	4,965	5,064	4,915	4,725	4,625	4,264	4,020	3,742	3,544	3,394	3,320	3,304	3,183	3,040	2,869	2,751	2,635	2,586	2,482	2,313	2,268	0	0	0	0	0
Amortization of compensation associated with acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
(Income) loss from equity method investments
-	-	-	-	-	-	-	0	6,125	-	5,744	4,515	6,111	5,076	4,863	3,751	3,680	4,476	4,291	4,946	1,900	-2,185	0	0	0	0	0
Equity-based compensation
123,581	124,212	131,766	131,834	129,679	123,037	112,159	104,901	102,636	96,295	93,649	88,073	86,260	77,050	69,107	64,319	54,275	46,131	40,367	34,036	117,295	119,756	0	0	0	0	0
Deferred tax provision
-13,696	3,665	10,467	-5,041	9,874	6,538	184,284	192,149	199,105	191,697	14,663	7,876	-1,341	-1,014	-1,730	-1,070	86	796	0	0	0	-	-	-	-	-	-
Other
4,818	7,333	9,121	10,939	6,897	3,878	4,484	771	660	1,432	-5,571	-5,151	-4,014	-2,204	-756	-623	-562	-540	-475	151	-3,774	-3,235	0	0	0	0	0
Changes in assets and liabilities:
Accounts receivable
-3,902	-7,057	45,000	-18,803	1,761	-963	5,493	39,015	12,456	35,607	25,815	975	12,937	-5,536	-6,683	7,275	5,457	7,993	12,047	-1,500	-10,266	-4,604	0	0	0	0	0
Accrued and other receivables
1,881	-3,644	-8,280	-56,328	-5,025	6,036	11,910	49,831	7,427	-2,220	2,266	-1,156	-4,748	-3,562	2,838	336	3,657	5,448	-2,229	-3,145	635	-371	0	0	0	0	0
Prepaid expenses and other assets
1,903	2,203	4,231	2,620	1,942	610	-2,327	-2,042	502	5,388	6,639	4,599	2,299	-1,872	875	2,933	3,390	4,704	1,425	-1,301	-7,119	-1,990	0	0	0	0	0
Deferred compensation
5,233	2,924	-803	-673	-132	-22	610	686	841	61	-687	-1,420	-2,240	-167	1,398	4,087	5,194	3,420	4,138	2,401	-1,122	2,456	0	0	0	0	0
Compensation payable
878	-35,381	-76,313	-94,755	-43,949	53,083	30,729	26,794	8,072	11,853	42,112	39,471	20,331	10,739	-1,429	3,326	7,821	-10,618	-20,607	-24,457	-10,629	33,601	0	0	0	0	0
Accounts payable, accrued expenses and other liabilities
25,906	-2,569	-12,780	-2,113	-17,824	-766	6,930	978	-2,328	3,313	-3,419	-11,882	1,907	-6,219	-3,680	22	1,221	1,751	1,203	7,499	6,821	11,103	0	0	0	0	0
Deferred revenue
-5,683	-4,051	-2,603	7,493	7,221	2,126	2,739	1,063	-6,576	1,975	-9,466	-6,457	315	-4,018	6,254	1,430	2,576	1,855	-241	-224	-1,486	-1,682	0	0	0	0	0
Dividends received
1,942	2,848	2,848	2,848	2,848	2,737	0	0	0	-	-	-	-	1,416	2,746	4,234	5,088	4,415	0	0	0	-	-	-	-	0	0
Other liabilities
-	-	-	-	-	-	0	0	-1,868	-	-2,119	-1,850	666	584	1,405	1,709	317	-130	930	400	194	684	0	0	0	0	0
Net cash provided by (used in) operating activities
258,560	209,307	167,035	270,463	261,140	390,889	330,489	230,555	265,816	233,183	272,943	289,671	256,972	231,574	199,755	185,670	180,695	142,764	128,007	137,715	165,591	208,911	0	0	0	0	0
Purchase of investments
231,322	212,415	157,535	137,738	185,245	183,972	156,070	136,967	159,824	179,807	196,751	148,297	120,891	120,906	123,916	201,915	175,952	157,981	169,871	137,071	123,994	130,994	0	0	0	0	0
Proceeds from sales of investments
220,792	120,102	190,809	197,359	205,059	199,810	125,750	154,950	157,950	115,640	113,750	133,000	141,000	126,000	204,001	166,002	138,002	160,001	130,998	113,997	113,997	157,235	0	0	0	0	0
Proceeds from partial sale of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	11	0	0	0	-	-	-	-	4,445	0	0	0	-	-
Note payments received from employees
-	-	-	-	-	366	442	571	582	781	0	0	0	-	-	-	-	-	-	-	-	831	0	0	0	0	0
Notes issued to employees
-	-	-	-	-	-	-	-	-	-	-	-	-	852	0	0	0	-	-	-	-	-	-	-	-	-	-
Purchase of equipment and leasehold improvements
17,434	6,467	7,564	8,374	8,033	6,920	5,982	5,767	4,908	5,647	4,686	3,597	3,679	2,870	3,831	4,180	4,416	3,996	4,409	5,201	3,740	3,888	0	0	0	0	0
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	-71	-53	18	-18	148	126	81	0	0	0	0	0
Net cash provided by (used in) investing activities
18,943	-51,873	53,974	51,420	11,943	9,284	-35,860	12,787	-6,600	-69,433	-87,350	-19,410	16,310	1,383	75,428	-40,220	-42,402	-1,740	-43,043	-28,433	-14,102	18,539	0	0	0	0	0
Dividends and distributions
184,133	209,178	205,804	292,219	290,532	313,827	309,555	267,535	263,569	255,694	251,236	192,097	191,013	154,703	152,266	151,065	138,300	80,909	129,733	124,229	119,488	123,223	0	0	0	-	-
Payments under tax receivable agreement
-	-	-	-	-	-	-	-	-	10,386	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
32,786	21,459	7,931	6,015	6,973	6,846	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock purchases
55,841	51,175	50,854	48,911	39,654	33,473	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Payments to settle employee tax obligations on share-based awards
-	-	-	-	-	-	-	-	-	-	0	0	9,001	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Class A partnership units and other equity purchased
-	-	-	-	-	293	293	263	263	229	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-220,986	-252,692	-259,721	-346,267	-334,365	-351,741	-335,055	-292,216	-288,279	-272,512	-261,451	-202,551	-205,147	-158,017	-157,533	-156,924	-145,116	-90,202	-136,380	-135,815	-312,504	-329,155	0	0	0	0	0
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash
-1,243	2,059	686	2	-825	-555	-295	1,790	3,696	3,071	817	-1,148	-2,553	-4,196	-2,875	-3,034	-482	-744	-2,846	-3,838	-4,492	-3,375	0	0	0	0	0
Net increase (decrease) in cash, cash equivalents, and restricted cash
55,274	-93,199	-38,026	-24,382	-62,107	47,877	-40,721	-47,084	-25,367	-105,691	-75,041	66,562	65,582	70,744	114,775	-14,508	-7,305	50,078	-54,262	-30,371	-165,507	-105,080	0	0	0	0	0
Tax distributions to Parent for partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other cash contributions from (distributions to) Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-34,730	0	0	0	0	0
Excess tax benefits from equity-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Supplemental cash flow disclosure:
Cash paid during the period for:
Income taxes
3,070	13,405	21,372	22,754	23,920	23,491	21,491	25,670	31,934	31,837	34,200	34,246	30,514	28,613	27,329	28,815	28,301	26,000	22,052	15,325	11,104	5,649	0	0	0	0	0
Dividends paid, declared in the prior year
-	-	-	-	-	-	-	-	-	68,066	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash activity
Cumulative effect adjustment upon adoption of ASU 2016-13
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash distribution to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Dividend equivalents issued
25,940	33,299	33,562	48,832	48,706	49,601	48,473	32,248	41,330	24,657	34,002	32,769	21,722	23,367	11,674	10,565	9,026	4,130	0	0	0	-	-	-	-	-	-
Class A Partnership Units or other equity converted into Class A Common Stock
1,813	1,267	-8,374	9,397	10,707	30,901	43,648	54,518	54,154	55,901	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend declared not paid
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cumulative Effect Adjustment upon Adoption of ASU 2014-09
-	-	-	-	-	3,155	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forfeiture of fully-vested Group LP units or other equity units
0	-	-	-	-	-	-	-	-	36	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-