Westwood Holdings Group, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $7.1M | $2.2M | $10.6M | $-4.6M | $9.8M | $-8.9M | $5.9M | $26.8M |
| Depreciation & Amortization | — | — | — | $2.6M | $2.4M | $2.6M | $2.6M | $2.5M |
| Depreciation | $501.0K | $602.0K | $670.0K | $687.0K | $750.0K | $921.0K | $898.0K | $867.0K |
| Amortization | $3.9M | $4.1M | $4.1M | $1.9M | $1.6M | $1.7M | $1.7M | $1.7M |
| Stock-Based Compensation | $5.1M | $5.5M | $6.5M | $6.0M | $5.8M | $6.7M | $10.3M | $15.3M |
| Net Cash from Operating Activities | $18.9M | $21.1M | $-1.2M | $51.5M | $19.4M | $-9.8M | $32.2M | $31.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $86.0K | $109.0K | $147.0K | $320.0K | $178.0K | $93.0K | $593.0K | $991.0K |
| Business Acquisitions | $0 | $0 | $-741.0K | $-33.4M | — | — | — | — |
| Net Cash from Investing Activities | $-3.7M | $-4.6M | $4.1M | $-33.7M | $9.6M | $-4.0K | $-4.8M | $3.6M |
| Financing Activities | ||||||||
| Dividends Paid | $5.4M | $5.4M | $5.5M | $5.6M | $22.9M | $11.0M | $26.1M | $24.6M |
| Stock Repurchases | $0 | $1.3M | $0 | $2.9M | $3.0M | $13.0M | $2.4M | $4.0M |
| Net Cash from Financing Activities | $-7.9M | $-18.1M | $-6.4M | $-9.1M | $-26.8M | $-25.8M | $-31.9M | $-34.1M |
| Net Change in Cash | — | $-1.6M | $-3.4M | $8.7M | $2.2M | $-36.8M | $-2.7M | $-1.8M |
| Free Cash Flow | $18.8M | $21.0M | $-1.3M | $51.2M | $19.2M | $-9.9M | $31.6M | $30.5M |