Westwood Holdings Group, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $20.0M | $22.6M | $27.1M | $27.2M | $17.8M | $12.1M | $14.7M | $11.3M |
| Depreciation & Amortization | $2.9M | $2.9M | $2.6M | $938.0K | $769.0K | $821.0K | $762.0K | $429.0K |
| Depreciation | $1.0M | $969.0K | $1.1M | $579.0K | $410.0K | $349.0K | $264.0K | $274.0K |
| Amortization | $1.9M | $2.0M | $1.5M | $359.0K | $359.0K | $472.0K | $498.0K | $155.0K |
| Stock-Based Compensation | $16.4M | $16.0M | $17.6M | $13.7M | $11.7M | $10.5M | $10.0M | $9.3M |
| Net Cash from Operating Activities | $48.0M | $47.4M | $55.2M | $26.5M | $21.7M | $13.8M | $18.5M | $18.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $884.0K | $1.8M | $816.0K | $478.0K | $1.2M | $264.0K | $1.4M | $49.0K |
| Business Acquisitions | $0 | $0 | $24.1M | $0 | $0 | — | $816.0K | $5.0M |
| Net Cash from Investing Activities | $-1.2M | — | — | — | $-1.2M | $1.6M | $-2.2M | $-5.7M |
| Financing Activities | ||||||||
| Dividends Paid | $21.9M | $19.4M | $16.6M | $14.0M | $9.3M | $14.0M | $7.9M | $12.3M |
| Stock Repurchases | $0 | $5.6M | $0 | $0 | $878.0K | $3.8M | $6.0M | $2.7M |
| Net Cash from Financing Activities | $-28.6M | — | — | — | $-13.3M | $-16.9M | $-12.8M | $-13.8M |
| Net Change in Cash | $20.6M | $10.9M | $4.6M | $7.3M | $7.0M | $-1.4M | $3.5M | $-1.1M |
| Free Cash Flow | $47.1M | $45.6M | $54.4M | $26.0M | $20.5M | $13.5M | $17.1M | $18.2M |