Westwood holdings group, inc. (WHG)
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 (Loss) Attributable to Parent

1,102

2,541

1,117

1,861

392

5,413

5,368

7,992

7,978

2,897

4,132

6,896

6,064

7,577

5,887

5,661

3,522

4,687

7,013

9,795

5,610

5,978

7,118

8,591

5,562

5,763

4,362

4,879

2,833

3,599

2,504

2,198

3,785

4,117

3,283

3,737

3,549

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

233

236

237

213

212

214

219

221

213

322

243

239

240

237

238

236

258

444

281

180

145

143

148

144

144

122

101

97

90

92

91

85

81

80

54

63

67

Amortization of intangible assets

423

445

445

423

413

417

419

418

418

423

469

490

490

490

490

490

490

595

399

462

90

89

90

90

90

89

90

90

90

106

122

122

122

124

124

125

125

Fair value adjustment of deferred acquisition liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

-166

-2

42

Unrealized (gains) losses on investments

-1,133

3,149

-99

226

374

-592

111

-24

-232

78

161

75

303

-166

251

177

248

-129

-565

-38

119

46

-105

77

57

105

209

-266

-373

180

334

-32

-138

391

-895

-14

227

Loss on disposal of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1

-

-

-

-

Stock based compensation expense

2,616

2,373

2,249

2,431

3,252

3,625

3,695

3,776

4,187

4,132

4,233

4,168

3,897

3,790

4,081

4,080

4,003

5,014

4,865

4,017

3,678

3,582

3,635

2,989

3,479

3,167

2,820

2,986

2,706

2,886

2,885

2,885

1,865

2,368

2,409

2,809

2,383

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,079

2,750

926

809

-2,666

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

165

23

36

4

1,392

0

-66

23

1,893

0

12

12

672

305

0

88

588

113

134

10

548

Deferred income taxes

-1,643

-

809

490

273

-

-62

-772

-859

-

1,044

411

26

-

186

37

-109

-

-1,311

-42

-570

-

-6,372

-1,779

3,924

-

-

-

-

-

-

-

-

-

-10

-604

1,761

Non-cash lease expense

305

-

291

319

242

-

264

255

270

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of operations

-

-

-

-

-

0

0

0

524

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of operations

-

-

-

-

-

-

-

-

-

-

-

-

-7

-6

-1

-12

288

-55

-3

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Net sales of investments - trading securities

-12,916

7,627

-4,659

-2,225

-16,554

-4,630

9,379

12,620

-2,175

3,153

2,267

804

-12,002

6,802

4,798

-132

-27,813

15,995

10,827

-17,806

-15,700

6,463

15,455

12,279

-19,206

9,195

3,678

3,666

-11,546

7,788

8,070

-1,348

-6,818

5,176

4,949

5,269

-5,109

Accounts receivable

-1,844

269

-782

-1,910

-2,981

-1,141

-3,153

-959

2,575

-475

-1,155

-2,252

1,721

782

1,523

-4,487

5,675

-140

-1,441

6,083

690

847

-2,714

1,786

450

2,461

-762

2,839

1,164

713

-410

804

101

-290

-1,339

637

1,351

Other current assets

-326

247

-228

-297

886

430

452

-1,610

-3,027

353

4,336

-473

18

333

81

-306

-675

611

52

-246

-42

297

552

-581

-338

407

-384

-449

1,313

-745

-1,678

1,971

391

587

-213

100

281

Accounts payable and accrued liabilities

-469

100

122

-329

-275

6

-208

-420

-22

585

-88

427

-161

-844

293

-749

374

637

-273

-475

1,285

343

176

23

-189

81

440

127

-198

2,652

-232

-2,452

-7

211

-250

403

17

Compensation and benefits payable

-7,356

3,082

2,257

1,948

-12,305

2,521

3,687

3,868

-13,712

4,958

4,244

4,454

-11,394

3,910

4,626

4,365

-15,749

4,964

4,470

5,884

-12,406

5,194

4,796

5,280

-13,963

-

-

-

-

-

-

-

-

-

-

-

-

Compensation and benefits payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,263

3,975

-9,906

-

3,175

3,970

-9,141

2,604

2,735

3,965

-5,996

Income taxes payable

475

-181

-380

-667

379

-1,622

384

2,010

871

365

-4,003

-2,037

859

982

-748

-5,555

1,666

4,991

226

-741

2,414

-4,090

7,685

368

-1,557

2,082

69

-825

-1,166

3,108

853

-1,413

-401

1,695

-106

-1,047

447

Other liabilities

-383

-376

-365

-399

-293

-310

-308

-272

-327

-1,096

-58

-20

-33

-25

-12

84

82

53

-10

-12

-6

-25

-13

8

-37

82

2

24

-6

44

-7

-56

-6

135

208

56

71

Net Cash Provided by (Used in) Operating Activities

11,522

-

-

-

10,565

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,292

-

2,149

2,148

4,841

4,232

5,645

3,503

5,168

Net cash provided by operating activities

-

-

-

-

-

-

-

7,049

1,352

-

12,625

16,881

9,941

8,395

8,387

13,385

17,225

3,608

6,748

31,071

13,781

5,655

4,141

2,130

14,597

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

16

-

114

331

71

-

250

127

299

-

292

95

150

-

686

616

378

-

140

276

288

-

35

181

121

-

338

66

247

26

44

146

48

339

516

343

233

Payments for (Proceeds from) Tenant Allowance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Intangible Assets

0

-

-

-

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Investing Activities

-16

-

-

-

-321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-247

-

-44

804

-48

-1,152

-516

-343

-233

Proceeds from Divestiture of Businesses

-

-

-

-

-

-13

0

0

10,013

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Investments

-

-

-

-

-

-10,850

425

5,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-5,127

9,714

-

-292

-95

-150

-130

-686

-616

-378

-247

-140

-24,409

-288

-141

-35

-181

-121

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Purchases of treasury stock

3,947

1,156

452

-175

981

-

-

-

-

-

-

-

-

5

1,208

10

4,411

0

0

0

0

-669

669

-669

669

0

-3,759

916

3,721

-

0

393

3,403

99

3,240

21

2,597

Payment for Repurchases of Stock for Benefit Plan

697

-1

0

981

0

0

0

0

726

0

0

0

1,326

0

0

0

614

0

0

38

1,289

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock returned for payment of taxes

1,120

2

0

0

2,385

67

14

0

4,687

97

42

0

5,189

147

14

0

3,696

27

45

0

5,576

0

-649

669

5,170

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

165

23

36

4

1,392

0

-66

23

1,893

0

12

12

672

305

0

88

588

113

134

10

548

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

188

22

221

25

20

20

Cash dividends paid

7,324

6,110

6,119

6,174

7,686

5,796

5,750

5,743

7,332

5,136

5,113

5,110

6,564

4,615

4,545

4,558

5,724

3,554

4,322

3,888

4,855

3,325

3,346

3,349

3,942

-

-

-

-

8,506

2,532

184

2,759

2,623

2,650

2,646

-1

Net Cash Provided by (Used in) Financing Activities

-13,088

-

-

-

-11,052

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,049

-

-2,532

-301

-5,552

-2,388

-5,731

-2,637

-2,028

Net cash used in financing activities

-

-

-

-

-

-

-

-5,743

-12,745

-

-5,155

-5,110

-13,079

-4,767

-5,767

-10,130

-14,280

-3,558

-4,331

-3,922

-10,328

-3,325

-3,432

-3,326

-7,888

-

-

-

-

-

-

-

-

-

-

-

-

Effect of currency rate changes on cash

-3,068

828

-449

704

780

-1,873

555

-428

-1,020

114

1,115

841

235

-511

-366

60

1,118

-946

-1,161

420

-1,689

-543

-252

66

-78

-83

58

-92

-39

-

-

-

-

-

-

-

-

Net Change in Cash and Cash Equivalents

-4,650

-

-

-

-28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

4,363

785

-4,249

-2,699

2,813

8,293

12,517

-3,053

2,987

1,568

2,699

3,685

-1,143

1,116

3,160

1,476

1,646

422

-1,311

6,510

-1,145

5,876

359

1,957

-2,960

-361

2,633

-759

692

-602

523

2,907

Supplemental cash flow information:
Cash paid during the period for income taxes

64

0

14

964

453

4,132

1,465

4,169

0

525

4,706

4,711

828

2,228

3,849

8,242

541

-25

4,989

5,718

957

5,345

2,095

6,217

761

1,938

3,370

4,659

1,064

1,892

1,923

3,750

35

1,625

2,127

3,717

33

Accrued dividends

5,245

-

240

170

7,980

-

384

424

7,836

-

401

402

7,358

-

522

446

6,714

-

381

365

5,706

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued purchase of property and equipment

0

-

-

-222

425

-

-

-29

29

-

-

52

0

-

-

-500

832

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued purchases of treasury stock

920

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-