NATIONAL HOLDINGS CORP NHLD Cash Flow

National holdings corp (NHLD)

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 (Loss), Including Portion Attributable to Noncontrolling Interest
-289	-614	1,841	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	0	-571	-	3,594	3,457	-47	-5,559	-742	-428	-462	285	0	0	0	-	-	-	-	1,565	1,416	1,272	-983	-1,951	-4,441	-5,428	-6,608	-4,713	0	0	0
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Fair Value Adjustment of Warrants
-	-	-	-	-	-	11,194	7,959	8,601	1,231	-8,458	-5,223	-5,865	-4,092	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
2,316	1,964	1,832	1,726	1,651	1,570	1,551	1,503	1,405	1,313	1,229	1,186	1,199	1,208	1,213	1,163	1,155	1,153	1,127	1,144	1,141	1,146	1,136	980	947	892	922	1,146	1,093	1,143	1,154	1,114	1,214	1,230	1,254	0	0	0
Amortization of forgivable loans
734	672	680	656	653	641	630	647	641	652	693	815	826	848	788	769	713	613	538	339	287	257	243	693	445	404	349	203	224	306	265	0	0	0	-	-	-	-
Stock-based compensation
2,925	3,867	4,282	4,830	5,039	3,977	2,913	1,895	1,095	860	602	398	295	174	211	245	436	459	590	950	952	1,082	1,124	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of note discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	247	345	395	395	395	0	0	0
Fair value of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18	-475	-371	-265	0	0	0
Provision (recovery) for doubtful accounts
0	0	-	-	-	-	-	-	-	-56	-	0	0	0	-	-	-	-	237	0	0	0	-	-	-	-	-	-	-	-	-201	109	109	104	-14	0	0	0
Provision (recovery) for doubtful accounts
-	-	216	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred clearing credit
210	210	209	210	209	209	210	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred clearing credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	132	134	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Increase in fair value of contingent consideration
87	78	65	53	41	26	24	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred clearing and marketing credit
210	210	209	210	209	209	210	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in fair value of contingent consideration
87	78	65	53	41	26	24	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision (recovery) for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred clearing credit
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in fair value of contingent consideration payable
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	573	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense
-1,444	-396	-368	184	-287	-3	2,228	4,216	4,237	4,588	2,538	3,235	3,385	3,183	2,704	-496	-78	-120	263	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of forgivable loans to brokers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Amortization of operating lease assets
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of business acquisitions
Securities owned, at fair value
-1,134	2,593	4,695	-1,004	130	-902	684	6,998	4,070	6,904	4,745	73	2,896	498	1,470	28	-404	-713	-174	327	224	965	594	-989	-2,661	-1,476	-1,526	207	1,186	-259	307	-1,024	953	1,753	-310	0	0	0
Net realized and unrealized gain on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	18	-23	142	102	127	84	0	0	0
Non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-25	-20	-65	-41	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	1,027	-19	136	136	135	156	1	126	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in fair value of derivative liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,603	0	0	0
Cash deposits with clearing organizations
-	-	-	-	-	-	-	-	-	-	-11	-10	-10	-25	-25	0	0	0	-	-	-	-	374	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Receivables from broker-dealers and clearing organizations
1,138	-810	-477	71	742	-492	1,117	395	-104	385	-507	-824	-739	116	279	-548	-80	-665	-1,907	998	1,399	2,707	966	896	14	-537	1,722	557	-99	29	786	-1,242	-944	-865	-1,420	0	0	0
Forgivable loans receivable
3,540	2,310	1,052	662	604	638	581	988	842	658	597	276	656	1,013	1,132	1,189	1,357	1,196	1,257	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forgivable loans receivable, net of repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other receivables, net
2,804	1,202	1,200	697	-1,146	521	-976	633	-67	284	-1,117	53	872	-585	1,883	0	0	0	-	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Securities owned: non-marketable - at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-35	9	-33	0	0	0
Prepaid expenses
-1,196	439	-426	3,415	3,665	1,588	1,575	219	-378	1,059	580	-483	31	-325	183	361	115	600	795	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
702	815	629	-43	-11	124	91	80	88	-9	8	33	40	-157	-167	-205	-222	-153	-278	-287	-264	-249	169	467	617	347	276	103	-275	267	30	-12	206	34	-45	0	0	0
Accrued commissions and payroll payable, accounts payable and accrued expenses and other liabilities
356	-1,285	6,542	-450	324	-644	1,025	-968	-450	5,179	-882	2,392	1,977	-988	2,012	-2,060	-1,462	87	-2,933	-1,487	-2,249	-1,290	-554	1,365	471	-308	2,024	184	-3,058	-206	773	742	4,341	-1,621	690	0	0	0
Securities sold, but not yet purchased, at fair value
-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payable to broker dealers and clearing organizations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-
Securities sold, but not yet purchased at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-40	-216	131	-13	-14	51	-213	1	1	0	0	0	-	-	0	0
Net cash provided (used in) by operating activities
-387	-1,782	7,676	78	525	7,446	5,260	2,738	5,337	4,592	4,288	6,580	2,073	345	-2,442	-1,469	-636	890	576	1,081	2,863	6,543	8,430	9,746	8,773	3,397	3,514	1,978	-2,573	300	307	-636	1,405	-908	158	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net proceeds from issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,334	0	0	0
Repayment of subordinated borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	120	160	180	650	0	0	0
Acquisition of businesses, net of cash received (Note 7)
2,021	2,192	387	387	387	63	187	187	187	124	19	19	19	19	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of intangible asset
-	-	-	-	-	-	45	45	45	105	0	0	0	19	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	169	0	0	0
Cash acquired in acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,654	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	0	0	0
Purchase of fixed assets
2,121	2,726	2,744	2,020	1,103	492	419	876	1,170	1,327	1,432	591	465	410	420	492	310	201	254	306	343	384	204	275	277	230	241	211	164	179	221	324	542	530	480	0	0	0
Collection on notes receivable
99	105	114	110	102	95	93	87	85	71	46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-4,043	-4,813	-3,017	-2,297	-1,388	-505	-558	-1,021	-1,317	-1,380	-1,405	-582	-476	-429	-420	-492	-310	-201	-254	-306	-343	-384	1,450	1,379	1,377	1,424	-241	-211	-164	-729	-771	-874	-1,593	-1,031	-481	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchase of common stock for tax withholding
937	937	899	277	150	101	0	0	0	0	-	-	-	-	86	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Lease, Principal Payments
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock for tax withholding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments under finance lease obligations
-	-	223	166	110	55	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments under finance obligations
416	473	365	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration payments
793	729	617	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-2,800	-2,790	-2,529	-1,307	-692	-474	-318	0	0	0	-	-	-	-	-86	-231	-231	-231	-145	0	0	0	-5,400	0	0	0	-	-	-	-	1,700	911	-29	-391	1,631	0	0	0
NET (DECREASE) INCREASE IN CASH AND RESTRICTED CASH
-7,230	-9,385	2,130	-3,526	-1,555	6,467	4,384	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCREASE (DECREASE) IN CASH
-	-	-	-	-	-	-	-	-	-	-	5,998	1,597	-84	-2,948	-2,192	-1,177	458	177	775	2,520	6,159	4,480	8,928	7,908	8,199	12,051	8,132	4,543	1,301	1,236	-599	-217	-2,330	1,308	0	0	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for:
Interest
45	38	32	66	66	59	53	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	0	0	54	-	23	14	10	13	34	11	21	33	410	106	265	415	528	710	617	617	650	769	701	721	0	0	0
Income taxes
160	94	118	942	1,831	2,448	2,349	2,964	2,453	2,331	2,399	1,032	659	168	104	191	136	170	1,238	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES
Fixed assets (acquired but not paid)
331	368	380	22	568	552	519	112	198	226	240	1,177	554	535	512	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance obligation
0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Businesses acquired (See Note 7)
Tangible assets acquired, excluding cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired including goodwill
10,121	10,923	1,815	1,815	1,815	238	767	767	767	529	211	0	0	0	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Gilman in 2014
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,531	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,840	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Tangible assets acquired, excluding cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Identifiable intangible asset acquired
10,121	10,923	1,815	1,815	1,815	238	767	767	767	529	211	211	211	211	0	0	0	0	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration payable
5,616	6,247	1,428	1,428	1,428	175	580	580	580	405	192	192	192	192	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash received (Note 7)
2,021	2,192	387	387	387	63	187	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	715	0	0	0	-	-	-	-
Conversion of preferred stock to shares of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Winslow Targets
Additional consideration payable (net operating capital)
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-