Westwood holdings group, inc. (WHG)
CashFlow / TTM
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

6,621

5,911

8,783

13,034

19,165

26,751

24,235

22,999

21,903

19,989

24,669

26,424

25,189

22,647

19,757

20,883

25,017

27,105

28,396

28,501

27,297

27,249

27,034

24,278

20,566

17,837

15,673

13,815

11,134

12,086

12,604

13,383

14,922

14,686

0

0

0

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

919

898

876

858

866

867

975

999

1,017

1,044

959

954

951

969

1,176

1,219

1,163

1,050

749

616

580

579

558

511

464

410

380

370

358

349

337

300

278

264

0

0

0

Amortization of intangible assets

1,736

1,726

1,698

1,672

1,667

1,672

1,678

1,728

1,800

1,872

1,939

1,960

1,960

1,960

2,065

1,974

1,946

1,546

1,040

731

359

359

359

359

359

359

376

408

440

472

490

492

495

498

0

0

0

Fair value adjustment of deferred acquisition liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-31

0

0

0

Unrealized (gains) losses on investments

2,143

3,650

-91

119

-131

-737

-67

-17

82

617

373

463

565

510

547

-269

-484

-613

-438

22

137

75

134

448

105

-325

-250

-125

109

344

555

-674

-656

-291

0

0

0

Loss on disposal of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Stock based compensation expense

9,669

10,305

11,557

13,003

14,348

15,283

15,790

16,328

16,720

16,430

16,088

15,936

15,848

15,954

17,178

17,962

17,899

17,574

16,142

14,912

13,884

13,685

13,270

12,455

12,452

11,679

11,398

11,463

11,362

10,521

10,003

9,527

9,451

9,969

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,406

1,819

0

0

0

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

165

188

224

228

1,455

1,432

1,330

1,349

1,850

1,850

1,928

1,917

696

1,001

989

1,065

981

789

923

845

805

0

0

0

Deferred income taxes

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

Non-cash lease expense

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of operations

-

-

-

-

-

524

524

524

524

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of operations

-

-

-

-

-

-

-

-

-

-

-

-

-26

269

220

218

230

-58

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-12,173

-15,811

-28,068

-14,030

815

15,194

22,977

15,865

4,049

-5,778

-2,129

402

-534

-16,345

-7,152

-1,123

-18,797

-6,684

-16,216

-11,588

18,497

14,991

17,723

5,946

-2,667

4,993

3,586

7,978

2,964

7,692

5,080

1,959

8,576

10,285

0

0

0

Accounts receivable

-4,267

-5,404

-6,814

-9,185

-8,234

-2,678

-2,012

-14

-1,307

-2,161

-904

1,774

-461

3,493

2,571

-393

10,177

5,192

6,179

4,906

609

369

1,983

3,935

4,988

5,702

3,954

4,306

2,271

1,208

205

-724

-891

359

0

0

0

Other current assets

-604

608

791

1,471

158

-3,755

-3,832

52

1,189

4,234

4,214

-41

126

-567

-289

-318

-258

375

61

561

226

-70

40

-896

-764

887

-265

-1,559

861

-61

1,271

2,736

865

755

0

0

0

Accounts payable and accrued liabilities

-576

-382

-476

-806

-897

-644

-65

55

902

763

-666

-285

-1,461

-926

555

-11

263

1,174

880

1,329

1,827

353

91

355

459

450

3,021

2,349

-230

-39

-2,480

-2,498

357

381

0

0

0

Compensation and benefits payable

-69

-5,018

-5,579

-4,149

-2,229

-3,636

-1,199

-642

-56

2,262

1,214

1,596

1,507

-2,848

-1,794

-1,950

-431

2,912

3,142

3,468

2,864

1,307

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Compensation and benefits payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

608

168

163

3,308

0

0

0

Income taxes payable

-753

-849

-2,290

-1,526

1,151

1,643

3,630

-757

-4,804

-4,816

-4,199

-944

-4,462

-3,655

354

1,328

6,142

6,890

-2,191

5,268

6,377

2,406

8,578

962

-231

160

1,186

1,970

1,382

2,147

734

-225

141

989

0

0

0

Other liabilities

-1,523

-1,433

-1,367

-1,310

-1,183

-1,217

-2,003

-1,753

-1,501

-1,207

-136

-90

14

129

207

209

113

25

-53

-56

-36

-67

40

55

71

102

64

55

-25

-25

66

281

393

470

0

0

0

Net Cash Provided by (Used in) Operating Activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

13,370

16,866

18,221

18,548

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

0

39,420

-

47,842

43,604

40,108

47,392

42,605

40,966

58,652

55,208

57,255

54,648

25,707

26,523

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

677

383

463

264

577

1,049

1,246

1,431

0

0

0

Payments for (Proceeds from) Tenant Allowance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Intangible Assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Investing Activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-440

-912

-2,059

-2,244

0

0

0

Proceeds from Divestiture of Businesses

-

-

-

-

-

10,000

10,013

10,013

10,013

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Investments

-

-

-

-

-

-5,425

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

0

8,697

-

-667

-1,061

-1,582

-1,810

-1,927

-1,381

-25,174

-25,084

-24,978

-24,873

-645

-478

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Purchases of treasury stock

5,380

2,414

0

0

0

-

-

-

-

-

-

-

-

5,634

5,629

4,421

4,411

0

-669

0

-669

0

669

-3,759

-2,174

878

0

0

0

-

3,895

7,135

6,763

5,957

0

0

0

Payment for Repurchases of Stock for Benefit Plan

1,677

980

981

981

0

726

726

726

726

1,326

1,326

1,326

1,326

614

614

614

652

1,327

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock returned for payment of taxes

1,122

2,387

2,452

2,466

2,466

4,768

4,798

4,826

4,826

5,328

5,378

5,350

5,350

3,857

3,737

3,768

3,768

5,648

5,621

4,927

5,596

5,190

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

165

188

224

228

1,455

1,432

1,330

1,349

1,850

1,850

1,928

1,917

696

1,001

989

1,065

981

789

923

845

805

0

0

0

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

210

431

456

288

286

0

0

0

Cash dividends paid

25,727

26,089

25,775

25,406

24,975

24,621

23,961

23,324

22,691

21,923

21,402

20,834

20,282

19,442

18,381

18,158

17,488

16,619

16,390

15,414

14,875

13,962

0

0

0

-

-

-

-

13,981

8,098

8,216

10,678

7,918

0

0

0

Net Cash Provided by (Used in) Financing Activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-10,773

-13,972

-16,308

-12,784

0

0

0

Net cash used in financing activities

-

-

-

-

-

-

-

0

-28,243

-

-28,111

-28,723

-33,743

-34,944

-33,735

-32,299

-26,091

-22,139

-21,906

-21,007

-20,411

-17,971

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Effect of currency rate changes on cash

-1,985

1,863

-838

166

-966

-2,766

-779

-219

1,050

2,305

1,680

199

-582

301

-134

-929

-569

-3,376

-2,973

-2,064

-2,418

-807

-347

-37

-195

-156

0

0

0

-

-

-

-

-

-

-

-

Net Change in Cash and Cash Equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-1,800

-3,350

4,158

20,924

20,570

20,744

14,019

4,201

10,939

6,809

6,357

6,818

4,609

7,398

6,704

2,233

7,267

4,476

9,930

11,600

7,047

5,232

-1,005

1,269

-1,447

2,205

1,964

-146

3,520

0

0

0

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

1,042

1,431

5,563

7,014

10,219

9,766

6,159

9,400

9,942

10,770

12,473

11,616

15,147

14,860

12,607

13,747

11,223

11,639

17,009

14,115

14,614

14,418

11,011

12,286

10,728

11,031

10,985

9,538

8,629

7,600

7,333

7,537

7,504

7,502

0

0

0

Accrued dividends

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued purchase of property and equipment

0

-

-

0

0

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued purchases of treasury stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-