NATIONAL HOLDINGS CORP NHLD Cash Flow

National holdings corp (NHLD)

CashFlow / Quarterly

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 (Loss), Including Portion Attributable to Noncontrolling Interest
-2,460	-1,499	2,538	1,132	-2,785	956	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	959	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	-2,252	-8,040	-	-25	3,875	5,059	-5,315	-162	371	-453	-498	152	337	294	-	-	-	-	307	804	495	-41	158	660	-1,760	-1,009	-2,332	-327	-2,940	886
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Fair Value Adjustment of Warrants
-	-	-	-	-	-	0	0	5,597	5,597	-3,235	642	-1,773	-4,092	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
812	530	512	462	460	398	406	387	379	379	358	289	287	295	315	302	296	300	265	294	294	274	282	291	299	264	126	258	244	294	350	205	294	305	310	305	310	329
Amortization of forgivable loans
224	163	180	167	162	171	156	164	150	160	173	158	161	201	295	169	183	141	276	113	83	66	77	61	53	52	527	-187	12	-3	381	-166	94	-44	-	-	-	-
Stock-based compensation
538	907	760	720	1,480	1,322	1,308	929	418	258	290	129	183	0	86	26	62	37	120	217	85	168	480	219	215	210	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of note discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	49	99	99	98	99	99	99
Fair value of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4	-6	-8	-457	100	100
Provision (recovery) for doubtful accounts
-10	171	-	-	-	-	-	-	-	20	-	-18	-141	-115	-	-	-	-	-106	170	117	56	-	-	-	-	-	-	-	-	-310	0	0	109	0	0	-5	-9
Provision (recovery) for doubtful accounts
-	-	123	-49	6	136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred clearing credit
52	53	52	53	52	52	53	52	52	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred clearing credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26	207	-23	-26	-24	-	77	75	60	-	-	-	-	-	-	-	-
Increase in fair value of contingent consideration
30	19	18	20	21	6	6	8	6	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred clearing and marketing credit
52	53	52	53	52	52	53	52	52	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in fair value of contingent consideration
30	19	18	20	21	6	6	8	6	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision (recovery) for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred clearing credit
-	-	-	-	-	-	-	-	-	-	-	53	52	52	-	52	52	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in fair value of contingent consideration payable
-	-	-	-	-	-	-	-	-	-	-	7	7	7	-	4	4	4	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense
-1,237	59	-394	128	-189	87	158	-343	95	2,318	2,146	-322	446	268	2,843	-172	244	-211	-357	246	202	172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of forgivable loans to brokers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61	60	83	-	88	114	114
Amortization of operating lease assets
815	700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of business acquisitions
Securities owned, at fair value
-3,329	-2,680	4,892	-17	398	-578	-807	1,117	-634	1,008	5,507	-1,811	2,200	-1,151	835	1,012	-198	-179	-607	580	-507	360	-106	477	234	-11	-1,689	-1,195	1,419	-61	44	-216	-26	505	-1,287	1,761	774	-1,558
Net realized and unrealized gain on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	18	-152	182	-30	-23	13	142	-5	-66
Non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-4	-3	-	-25	29	-12	-17	-20	-16	12
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	1,026	0	0	1	-20	155	0	0	1	0	125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in fair value of derivative liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,206	-2,221	618
Cash deposits with clearing organizations
-	-	-	-	-	-	-	-	-	-	-1	0	-10	0	0	0	-25	0	-	-	-	-	30	102	250	-8	-	-	-	-	-	-	-	-	-	-	-	-
Receivables from broker-dealers and clearing organizations
2,648	-1,549	238	-199	700	-1,216	786	472	-534	393	64	-27	-45	-499	-253	58	810	-336	-1,080	526	225	-1,578	1,825	927	1,533	-3,319	1,755	45	982	-1,060	590	-611	1,110	-303	-1,438	-313	1,189	-858
Forgivable loans receivable
1,410	1,393	503	234	180	135	113	176	214	78	520	30	30	17	199	410	387	136	256	578	226	197	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forgivable loans receivable, net of repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-48	115	-178	-	-	-	-	-	-	-	-	-	-	-	-
Other receivables, net
1,065	1,223	-657	1,173	-537	1,221	-1,160	-670	1,130	-276	449	-1,370	1,481	-1,677	1,619	-551	24	791	-	-	659	-207	-	-321	-472	1,969	-	95	309	194	-	680	181	-82	-	-	-	-
Securities owned: non-marketable - at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-59	426	-	-	18	16	-29	-40	62	-26
Prepaid expenses
-790	1,301	-1,150	-557	845	436	2,691	-307	-1,232	423	1,335	-904	205	-56	272	-390	-151	452	450	-636	334	647	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-145	201	697	-51	-32	15	25	-19	103	-18	14	-11	6	-1	39	-4	-191	-11	1	-21	-122	-136	-8	2	-107	282	290	152	-377	211	117	-226	165	-26	75	-8	-7	-105
Accrued commissions and payroll payable, accounts payable and accrued expenses and other liabilities
259	-7,434	8,450	-919	-1,382	393	1,458	-145	-2,350	2,062	-535	373	3,279	-3,999	2,739	-42	314	-999	-1,333	556	1,863	-4,019	113	-206	2,822	-3,283	2,032	-1,100	2,043	-951	192	-4,342	4,895	28	161	-743	-1,067	2,339
Securities sold, but not yet purchased, at fair value
-	-	-	-	-	-	-	16	8	-151	-	-77	76	-297	-	-1	-4	-27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payable to broker dealers and clearing organizations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21	-85	-	-9	34	-16	-	-	-	-
Securities sold, but not yet purchased at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	172	-145	-66	-1	-4	202	-210	-2	61	-62	4	-2	-	-	20	-21
Net cash provided (used in) by operating activities
-2,450	-6,326	7,265	1,124	-3,845	3,132	-333	1,571	3,076	946	-2,855	4,170	2,331	642	-563	-337	603	-2,145	410	496	2,129	-2,459	915	2,278	5,809	-572	2,231	1,305	433	-455	695	-3,246	3,306	-448	-248	-1,205	993	618
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-275	-1,310
Net proceeds from issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,334
Repayment of subordinated borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	30	30	30	30	70	50	500
Acquisition of businesses, net of cash received (Note 7)
216	1,805	0	0	387	0	0	0	63	124	0	0	0	19	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of intangible asset
-	-	-	-	-	-	0	0	-79	124	0	0	-19	19	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	17	152
Cash acquired in acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,654	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	500
Purchase of fixed assets
20	91	1,058	952	625	109	334	35	14	36	791	329	171	141	-50	203	116	151	22	21	7	204	74	58	48	24	145	60	1	35	115	13	16	77	218	231	4	27
Collection on notes receivable
23	18	28	30	29	27	24	22	22	25	18	20	8	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-213	-1,878	-1,030	-922	-983	-82	-310	-13	-100	-135	-773	-309	-163	-160	50	-203	-116	-151	-22	-21	-7	-204	-74	-58	-48	1,630	-145	-60	-1	-35	-115	-13	-566	-77	-218	-732	-4	473
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchase of common stock for tax withholding
131	139	540	127	131	101	-82	0	82	0	-	-	-	-	0	0	0	86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Lease, Principal Payments
58	58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock for tax withholding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	5,400	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments under finance lease obligations
-	-	57	56	55	55	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments under finance obligations
57	108	140	111	114	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration payments
64	112	160	457	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-310	-417	-1,322	-751	-300	-156	-100	-136	-82	0	-	-	-	-	0	0	0	-86	-145	0	0	0	0	0	0	-5,400	-	-	-	-	790	870	70	-30	1	-70	-292	1,992
NET (DECREASE) INCREASE IN CASH AND RESTRICTED CASH
-2,973	-8,621	4,913	-549	-5,128	2,894	-743	1,422	2,894	811	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCREASE (DECREASE) IN CASH
-	-	-	-	-	-	-	-	-	-	-	3,861	2,168	482	-513	-540	487	-2,382	243	475	2,122	-2,663	841	2,220	5,761	-4,342	5,289	1,200	6,052	-490	1,370	-2,389	2,810	-555	-465	-2,007	697	3,083
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for:
Interest
17	14	6	8	10	8	40	8	3	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	3	4	4	-	13	2	1	7	4	-2	4	28	-19	8	16	405	-323	167	166	518	-141	74	166	551	-22	6	186
Income taxes
66	88	-44	50	0	112	780	939	617	13	1,395	428	495	81	28	55	4	17	115	0	38	1,085	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES
Fixed assets (acquired but not paid)
-30	30	340	-9	7	42	-18	537	-9	9	-425	623	19	23	512	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance obligation
0	0	-	433	217	308	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Businesses acquired (See Note 7)
Tangible assets acquired, excluding cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,933	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired including goodwill
1,013	9,108	0	0	1,815	0	0	0	238	529	0	0	0	211	-	-	-	-	-	-	-	-	-8,350	0	0	8,350	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Gilman in 2014
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,531	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11,628	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	8,840	-	-	-	-	-	-	-	-	-	-	-	-
Tangible assets acquired, excluding cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,933	-	-	-	-	-	-	-	-	-	-	-	-
Identifiable intangible asset acquired
1,013	9,108	0	0	1,815	0	0	0	238	529	0	0	0	211	0	0	0	0	-	-	-	-	-8,350	0	0	8,350	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration payable
797	4,819	0	0	1,428	0	0	0	175	405	0	0	0	192	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash received (Note 7)
216	1,805	0	0	387	0	0	0	63	124	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	632	83	-	-	-	-
Conversion of preferred stock to shares of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-632	715	-	-	-	-
Winslow Targets
Additional consideration payable (net operating capital)
0	873	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-