Value line inc (VALU)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
Cash flows from operating activities:
Net income

4,952

4,211

3,690

2,293

2,451

3,302

3,104

1,455

8,996

2,072

2,215

1,084

1,445

1,480

6,358

1,267

1,913

1,992

2,119

1,097

2,177

1,982

2,036

1,681

2,026

1,616

1,445

1,524

1,747

1,572

1,776

1,090

1,844

1,915

2,076

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,317

Depreciation and amortization

65

66

71

80

86

93

108

310

361

227

227

895

981

1,298

1,449

1,615

772

720

710

811

665

633

606

571

529

519

466

416

380

393

363

325

133

131

135

154

150

137

152

Amortization of bond premium

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

13

Non-voting revenues interest in EAM Trust

3,033

2,768

2,588

2,200

1,997

2,095

1,968

1,966

2,057

2,039

1,978

1,806

1,803

1,799

1,787

1,665

1,825

1,819

1,902

1,848

1,862

1,803

1,833

1,739

1,767

1,663

1,598

1,501

1,472

1,414

1,394

1,433

1,430

1,330

1,491

-

-

-

-

Non-voting profits interest in EAM Trust

422

290

283

244

213

289

303

163

227

198

158

126

131

133

129

85

94

121

140

127

162

146

189

163

207

191

171

132

153

115

79

86

26

13

81

-

-

-

-

Distributions received from EAM Trust

3,029

2,843

2,525

1,242

2,318

2,279

2,188

1,304

2,537

2,118

1,920

1,481

1,919

1,903

1,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized loss on sales of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11

17

0

5

-

-

-

-

Deferred income taxes

152

157

61

135

626

22

-271

-653

-5,944

-245

-216

-454

-608

-475

-174

-630

-272

-236

-163

-370

69

-66

130

-168

11

34

587

405

120

-1

554

1,026

893

1,153

1,216

1,732

19,986

754

1,266

Realized gain on sales of operating facilty

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,123

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

22

28

28

-22

-22

-22

-23

-22

-22

207

259

432

-67

-50

-50

-50

-50

-50

-50

-

-

-

-50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

10

15

15

15

15

15

15

15

-

-

-

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Unearned revenue

947

-745

-1,989

1,584

698

-928

-1,396

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unearned revenue

-

-

-

-

-

-

-

-

-

-

-814

-

1,442

-802

-1,843

1,109

286

-1,025

-975

1,195

753

-637

-388

1,125

1,134

-562

-1,282

676

922

-1,481

-1,403

256

1,544

-1,204

-1,602

1,212

907

-1,272

-1,023

Reserve for settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-28

-26

148

-12

-91

-38

-9

-4

-10

-9

-26

-179

-904

-80

-2,019

0

-535

-229

Operating lease exit obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-36

-110

-110

-110

-109

-110

-86

-98

-145

-

-

-

-

Accounts payable & accrued expenses

232

52

-602

545

165

138

-706

656

332

72

-391

-497

340

-374

-714

658

414

-59

-98

-389

-8

104

-349

-8

417

-171

-440

189

160

42

-408

562

-350

-636

-730

12

-1,139

699

-1,096

Accrued salaries

-40

-49

-75

131

-40

-173

-94

7

43

-42

94

232

-93

10

70

112

-117

-141

-7

68

68

-280

14

257

72

-134

-46

208

-34

2

-84

198

-20

149

-132

71

-288

95

-196

Accrued taxes on income

14

-1,171

975

-

-

-

344

535

-587

-991

1,367

-685

-1,142

-1,978

3,185

-231

248

-1,020

1,001

-205

-144

-697

797

-

-

-

242

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid and refundable income taxes

42

54

-254

28

175

31

-437

-101

487

1

-2

7

7

7

-75

9

14

-10

-1

20

-66

60

-75

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued taxes on income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

497

-96

-

-

-

-

-

-

-

-

Prepaid and refundable income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-163

-616

-

-426

297

70

-372

0

0

-1,598

Prepaid expenses and other current assets

-23

-194

-77

160

62

-107

-50

109

-52

-79

-275

-86

208

-67

131

200

-79

-23

-177

162

-173

19

-55

227

43

-429

20

642

65

-20

-112

87

88

-96

-36

174

7

-174

28

Receivable from affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

2

-

-

-40

40

1

-1

-1

-36

13

-1,219

2

-141

Accounts receivable

845

570

2,246

-1,498

1,870

57

26

-1,754

1,722

38

25

-1,004

288

252

228

-95

178

-204

-34

119

42

517

-475

-229

-52

312

-103

67

191

-233

351

189

-336

-249

-301

170

289

-89

-452

Total adjustments

102

-2,307

-3,792

4,171

-500

-1,315

-1,675

3,977

-7,740

-1,881

763

8,193

-1,598

-4,511

-8,415

420

-761

-3,519

-1,427

-1,117

-489

-3,596

-683

-462

646

-1,230

-2,235

-1,018

-364

-1,741

-2,328

-450

1,206

-2,703

-2,602

394

-28,570

4

1,050

Net cash provided by operating activities

5,054

1,904

-102

6,464

1,951

1,987

1,429

5,432

1,256

191

2,978

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,050

-788

-526

-

-

-

3,367

Cash flows from investing activities:
Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,057

-

1,152

-1,527

692

-20

1,688

-1,614

1,353

1,219

2,672

386

-790

506

1,383

-169

-552

-

-

-

-

-

-

-

-

Purchases of equity securities classified as available-for-sale

810

507

399

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of fixed income securities classified as available-for-sale

3,459

250

3,222

5,416

0

3,501

2,123

1,732

250

0

2,386

2,100

0

6,135

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,996

2,102

7,201

12,011

Proceeds from sales of fixed income securities classified as available-for-sale

249

2,001

2,973

3,708

0

3,001

1,637

1,750

240

0

1,394

750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,201

5,997

2,998

3,997

24,319

2,999

6,706

Purchases of securities classified as available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138

-

-

-

-

-

1,366

0

1,223

-

0

897

303

-

-

-

-

-

-

-

-

Distributions received from EAM Trust

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,926

2,038

1,951

-

1,935

2,002

1,887

1,952

1,835

1,753

1,620

1,587

1,514

1,481

498

1,537

1,426

1,287

1,626

-

-

-

-

Net proceeds from sale of operating facility

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11,555

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues and profits distributions received from EAM Trust

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Acquisition of property and equipment

-

-

-

5

0

1

5

10

5

163

230

397

286

78

515

191

36

0

0

21

0

25

74

69

-16

20

133

223

69

24

15

17

0

27

4

8

24

52

22

Expenditures for capitalized software

-

-

-

-

-

-

-

-

-

-

-

-3

51

94

266

398

406

413

518

622

654

620

528

607

644

644

586

911

707

434

405

391

827

608

1,557

1,139

560

61

41

Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,524

-

-759

8,836

1,295

766

1,281

1,357

1,285

1,276

-123

1,089

-322

-892

738

126

-225

-

-

-

-

-

-

-

-

Net cash used in investing activities

-4,020

1,242

-648

-2,219

-46

-553

-491

140

390

-282

-1,438

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,606

6,245

3,063

-

-

-

-5,368

Cash flows from financing activities:
Purchase of treasury stock at cost

179

301

92

277

285

0

46

163

41

110

40

60

0

146

535

187

61

382

166

51

0

29

42

41

160

123

226

-

-

-

-

0

0

788

158

-

-

-

-

Dividends paid

1,931

1,932

1,933

1,839

1,841

1,841

1,841

3,686

1,747

1,748

1,748

1,651

1,652

1,654

1,659

1,564

1,564

1,567

1,472

1,472

1,472

1,472

1,472

1,474

1,476

1,478

1,481

1,482

1,484

1,485

1,484

1,484

1,980

1,993

1,995

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,194

-

-1,625

-1,949

-1,638

-1,523

-1,472

-1,501

-1,514

-1,515

-1,636

-1,601

-1,707

-1,517

-1,601

-1,515

-1,484

-

-

-

-

-

-

-

-

Net cash used in financing activities

-2,110

-2,233

-2,025

-2,116

-2,126

-1,841

-1,887

-3,849

-1,788

-1,858

-1,788

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,980

-2,781

-2,153

-

-

-

-

Net decrease in cash and cash equivalents

-1,076

913

-2,775

2,129

-221

-407

-949

1,723

-142

-1,949

-248

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-209

-14,658

8,273

2,771

-1,232

5,360

349

-777

1,497

-1,758

1,124

980

913

-126

-2,819

-1,903

520

-1,558

-2,261

-496

2,676

2,676

384

-773

-1,137

-5,722

-2,001