Manning & napier, inc. (MN)
CashFlow / Quarterly
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'11
Cash flows from operating activities:
Net income attributable to controlling and noncontrolling interests

835

-2,856

6,577

3,219

2,917

4,544

4,978

6,190

7,273

5,570

11,852

14,589

16,514

18,541

19,985

21,698

22,184

24,307

26,326

30,208

36,111

68,536

19,820

17,735

17,644

19,159

22,793

18,597

16,392

11,475

21,064

9,456

34,424

-179,652

29,703

19,873

23,660

Adjustment to reconcile net income to net cash provided by operating activities:
Interest expense related to change in mandatory redemption liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,111

13,339

16,095

13,288

Equity-based compensation

1,286

874

656

685

1,465

166

463

486

1,153

589

280

661

775

342

431

820

1,284

1,699

1,246

1,922

587

-26,607

21,718

23,739

22,684

19,158

18,766

23,256

21,740

27,238

17,290

24,037

3,709

215,324

310

309

310

Depreciation and amortization

378

2,561

406

393

403

386

376

400

557

435

453

436

439

529

819

625

508

504

713

613

642

674

636

530

477

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

470

463

486

-

437

442

397

312

295

268

264

Change in Amounts Payable under Tax Receivable Agreement

2,850

0

394

0

-195

-937

-113

0

-291

-12,892

33

0

0

-1,630

76

0

18

0

2,793

0

17

31

65

0

-2,110

-8

118

0

0

0

-15

0

39

-

-

-

-

Gain on sale of intangible assets

19

34

44

60

56

51

66

121

2,388

1,043

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Investments

-1,832

515

40

248

874

-1,285

105

-21

-249

148

711

610

972

-965

-80

206

1,066

-239

-3,221

-1,576

613

-380

-1,279

717

116

614

500

-298

250

11

573

-616

380

118

185

-159

3

Deferred income taxes

-3,734

-301

94

252

158

1,477

233

284

437

16,270

359

933

1,050

2,549

418

901

893

421

-2,387

580

720

1,569

-232

497

3,478

126

508

1,010

393

495

580

1,169

532

-

-

-

-

Noncash lease expense

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

402

39

39

39

39

39

26

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in operating assets and increase (decrease) in operating liabilities:
Accounts receivable

-676

-585

-1,456

1,483

-695

-1,829

413

-658

-1,816

-1,918

-460

-2,458

-1,702

-1,805

-310

-910

-791

-1,811

-2,324

-1,947

-1,815

-619

-2,780

2,658

222

1,465

-115

-1,028

856

1,603

1,242

-1,481

3,189

-510

-1,759

2,204

-377

Accounts receivableaffiliated mutual funds

-

-

-

-

-

-

-

-

-

-

-

-

-

130

-464

-281

-1,117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivableaffiliated mutual funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,247

-2,334

-

291

376

-40

1,746

645

-506

809

558

914

-1,812

1,257

189

-1,381

665

1,429

Due from broker - consolidated funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

0

0

-3,795

0

0

0

5,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

2,528

690

-927

-315

960

1,124

-1,006

-623

426

1,894

-874

-591

-442

1,713

-871

-17

-350

1,343

-1,193

-650

-1,387

2,070

-764

570

-313

2,006

-1,096

-353

-169

1,502

-558

-354

30

-935

1,325

553

-110

Other long-term assets

-767

-555

-687

-551

-660

-139

-493

138

479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-309

1

-111

-255

134

17

-539

651

104

-303

600

-706

-32

-470

174

-418

-105

271

-289

-502

-1,245

684

1,058

-139

-173

579

222

-650

94

-681

759

-1,313

1,327

-817

-413

915

-379

Accrued expenses and other liabilities

-9,761

5,528

-1,291

4,923

-10,458

2,818

-2,686

4,903

-11,617

6,675

-2,582

4,017

-12,034

138

-1,600

3,852

-14,448

8,579

-10,002

8,670

-16,856

5,989

-10,457

16,607

-13,682

14,694

-6,576

7,384

-8,489

6,917

-3,250

6,544

-4,630

5,055

-13,541

14,711

-6,986

Deferred revenue

285

-415

672

1,464

-266

-600

19

-396

69

-

-

361

-88

-661

401

-597

128

-1,839

416

-1,134

683

-1,143

1,042

-698

1,604

-444

1,139

-742

1,712

-794

707

-474

1,001

-1,480

285

-76

1,199

Other long-term liabilities

-1,534

955

-835

-827

-500

-88

-339

-175

-173

41

-356

-89

-226

69

235

-135

-108

-106

-95

-51

-71

686

169

493

449

1,124

0

0

0

-

-

-

-

-

-

-

-

Net cash used in operating activities

-8,976

6,248

6,665

8,929

-6,877

9,861

3,307

13,386

-3,716

15,104

11,106

22,641

7,570

24,328

22,203

27,787

15,380

35,117

28,338

44,752

20,511

50,857

38,351

54,443

30,386

49,027

37,506

51,503

30,582

41,386

35,401

44,124

31,943

43,011

31,608

48,832

30,411

Cash flows from investing activities:
Purchase of property and equipment

76

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

-

772

605

508

576

581

104

944

321

295

307

559

191

71

93

27

120

299

105

76

374

1,397

820

704

773

1,045

730

183

373

280

228

614

1,160

1,082

296

174

168

Sale of investments

17,518

-

-

-

2,015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of investments

-

-

-

-

-

4,324

918

235

1,380

4,443

8,628

905

3,338

1,234

1,750

3,742

3,541

4,345

1,562

2,880

3,765

3,412

2,847

3,550

1,486

1,016

2,079

991

4,852

485

1,990

1,139

653

729

451

703

104

Purchase of investments

10,520

34,457

28,681

40,562

15,301

43,483

20,710

13,730

12,237

48,870

12,688

13,614

12,208

23,205

1,380

1,627

1,222

5,120

1,643

2,969

1,998

4,850

5,063

3,710

4,082

8,740

3,610

1,682

2,077

1,433

6,118

1,776

3,541

1,171

197

463

464

Due from broker

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-7

4

-4,019

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of intangible assets

19

34

44

60

56

51

66

121

2,388

1,043

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturity of investments

10,165

5,855

48,469

36,696

17,358

16,822

19,334

13,202

11,761

12,433

11,699

11,678

3,686

2,105

0

0

0

-

-

-

-

0

505

0

100

0

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by investing activities

17,258

-26,112

27,332

-1,595

3,552

-22,867

-496

-1,116

2,971

-31,246

7,332

-1,270

-5,375

-19,937

291

-7,244

6,218

1,031

-186

-165

1,393

-2,835

-2,531

-2,932

-3,269

-7,919

-8,111

-874

2,402

-723

-4,356

-1,251

-4,048

-1,524

-42

66

-528

Cash flows from financing activities:
Distributions to noncontrolling interests

0

811

2,624

799

1,620

2,863

2,045

3,273

4,908

7,683

6,830

17,660

0

24,828

14,000

10,355

9,798

10,309

26,121

26,121

26,787

39,639

26,793

53,809

0

-

-

-

-

27,014

27,015

26,959

27,071

30,428

44,559

62,363

11,278

Payment of stock purchase note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106

18

32

45

Dividends paid on Class A common stock

319

312

312

314

306

1,228

1,226

1,221

1,203

1,203

1,206

1,199

2,397

2,406

2,405

2,357

2,361

2,364

2,366

2,194

3,291

2,193

2,192

2,184

3,272

2,182

2,181

2,174

2,173

2,173

2,174

2,173

0

-

-

-

-

Payment of shares withheld to satisfy withholding requirements

2

322

-22

100

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

64

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of capital lease obligations

30

37

43

34

27

23

32

33

33

33

37

48

49

46

45

49

60

67

72

43

51

55

52

78

60

77

53

49

36

109

26

24

24

22

16

21

22

Proceeds on issuance of stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

3

4

28

Capital contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

144

1,385

828

1,650

Payment of costs directly associated with issuance of Class A common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

598

-

-

-

-

Purchase of Class A units of Manning & Napier Group, LLC

-

-

-

-

-

0

0

0

1,918

-1

0

9,803

0

-

-

-

-

0

0

1,394

36,326

0

0

2,073

30,328

0

0

0

7,413

0

0

0

0

-

-

-

-

Net cash used in financing activities

-351

-1,431

-2,979

-4,277

-1,953

-4,114

-3,303

-4,527

-8,062

-8,918

-8,074

-28,981

-2,446

-27,280

-16,450

-29,849

-12,219

-12,740

-28,569

-30,364

-66,519

-41,887

-29,037

-58,144

-33,660

-42,152

-29,207

-56,209

-9,622

-29,296

-29,215

-29,156

-27,693

16,287

-43,205

-61,584

-9,667

Net increase (decrease) in cash and cash equivalents

7,931

-21,295

31,214

2,861

-5,278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-8,807

-25,060

10,364

-7,610

-251

-22,889

6,044

-9,306

9,379

23,408

-417

14,223

-44,615

6,135

6,783

-6,633

-6,543

-1,044

188

-5,580

23,362

11,367

1,830

13,717

202

57,774

-11,639

-12,686

20,216