Victory capital holdings, inc. (VCTR)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities
Net income

57,166

37,589

25,992

14,383

14,527

13,915

20,590

18,675

10,524

11,209

7,850

2,354

4,413

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for deferred income taxes

7,182

-4,055

235

1,715

1,360

-835

2,746

-1,156

3,361

2,305

5,237

913

2,736

Depreciation and amortization

4,050

5,620

7,768

5,263

5,222

5,360

5,574

5,931

6,412

6,570

7,055

8,131

8,154

Deferred financing costs and derivative and accretion expense

-1,174

-

-1,396

-623

-593

-

-624

-651

-995

-

-1,646

-1,690

-1,640

Stock-based and deferred compensation

2,772

8,196

5,185

4,819

3,924

2,828

5,084

5,181

4,253

2,854

5,811

4,909

3,605

Change in fair value of contingent consideration obligations

-5,500

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized depreciation (appreciation) on investments

-4,971

478

-477

428

1,458

-3,133

139

246

-124

-135

490

86

179

Loss on equity method investment

-

0

2,837

-150

-4

-224

-167

-202

-137

-

-

-

-

Loss on debt extinguishment

-1,054

-

-

-

-

0

0

0

-6,058

-

-

-

-

Changes in operating assets and liabilities:
Receivables

-16,439

-

11,300

-261

327

-

-2,267

-1,999

-1,104

-

-4,338

-8,662

-8,555

Prepaid expenses

1,857

186

868

-94

1,181

171

-361

-1,140

1,545

-1,097

-1,148

1,579

1,897

Other assets

18

-

-

-

-

101

-3

270

-425

-269

164

1

25

Accounts payable and accrued expenses

-11,760

-

66,179

2,849

5,685

-

-467

-4,386

2,166

-

-1,297

-10,703

2,749

Accrued compensation and benefits

-23,990

10,199

17,172

1,660

-10,331

74

6,386

2,751

-8,280

6,715

1,227

1,257

-19,806

Other liabilities

239

1,344

1,646

-39

-80

256

-3,086

3,138

138

-225

-310

-286

-271

Net cash provided by operating activities

51,922

59,699

118,407

31,340

17,938

34,448

40,305

33,720

25,872

36,759

32,316

17,420

9,674

Cash flows from investing activities
Purchases of property and equipment

708

2,319

2,028

408

484

804

434

605

703

2,477

811

1,151

666

Purchases of trading securities

2,617

1,988

1,552

1,521

1,533

4,147

945

1,148

1,464

2,162

4,279

1,293

1,833

Sales of trading securities

1,091

407

907

865

570

2,128

16

180

448

921

3,044

264

937

Equity method investment

-

-

-

-

-

-

1,000

1,000

1,000

-

-

-

-

Net cash used in investing activities

-2,234

-3,924

-843,377

-1,064

-1,447

-3,894

-2,363

-2,573

-2,719

-3,439

-2,758

-773

-1,562

Cash flows from financing activities
Payment of Class A common stock deferred offering costs

-

-

-

-

-

-

-2

3,851

438

-

-

-

-

Repurchase of common stock

6,020

6,193

5,816

1,883

1,643

-

-

-

-

-

-

-

-

Payments of taxes related to net share settlement of equity awards

4,431

4,162

3,261

40

196

-

-

-

-

-

-

-

-

Proceeds from long-term senior debt

-

-

-

-

-

0

0

0

359,100

0

0

0

125,000

Repayment of draw on line of credit

-

-

-

-

-

-

-

-

-

0

0

0

3,500

Payment of debt financing fees

-

-

-

-

-

1

78

338

2,091

0

0

0

1,733

Repayment of long-term senior debt

38,000

-

-

-

-

0

20,000

23,000

536,750

18,000

30,000

7,939

7,938

Repayment of promissory note

-

0

0

0

96

144

144

143

144

144

144

143

144

Payment of dividends

3,490

3,452

3,919

24

41

137

497

144

53

14,042

1,179

84

119,866

Receipt of consideration for acquisition

649

-

-

-

-

-

-

-

-

-

-

-

-

Payment of consideration for acquisition

-

-

-

-

-

-

-

-

-

0

2,846

467

5,068

Net cash used in financing activities

-49,573

-97,692

708,646

-1,196

-1,742

-4,193

-27,955

-28,196

-23,817

-31,947

-33,059

-13,800

-12,467

Effect of changes of foreign exchange rate on cash and cash equivalents

-106

75

-40

-14

21

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

9

-41,842

-16,364

29,066

14,770

-

-

-

-

-

-

-

-

Supplemental cash flow information
Cash paid for interest

20,112

15,238

717

3,698

3,801

3,755

3,639

3,973

6,163

8,785

9,743

11,972

10,989

Cash paid for income taxes

1,345

15,094

2,664

6,533

343

-

-

-

-

-

-

-

-

Effect of changes of foreign exchange rate on cash and cash equivalents

-

-

-

-

-

-

-

-

39

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-625

-

-3,398

2,847

-4,355

Class A common stock offering costs reclassed from prepaid expenses and accounts payable and accrued expenses to additional paid in capital

-

-

-

-

-

-

-

-

4,123

-

-

-

-

Class A
Issuance of common stock, net of costs

26

18

15

16

13

-12

12

0

156,549

-

-

-

-

Class B
Issuance of common stock, net of costs

1,693

1,097

1,961

735

221

571

669

0

10

-

-

-

-