HENNESSY ADVISORS INC
For the period ended Sep 30, 2024. Filed Dec 11, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Dec 11, 2024
HNNA$10.36+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
(In thousands)
| Fiscal Years Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income | $7,097 | $4,771 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation | 244 | 230 |
| Unrealized loss gain on marketable securities | (1) | (1) |
| Change in right-of-use asset and operating lease liability | 29 | (11) |
| Amortization of note issuance costs | 313 | 294 |
| Deferred income taxes | 1,051 | 1,123 |
| Employee restricted stock forfeiture | - | (17) |
| Stock-based compensation | 990 | 1,026 |
| Change in operating assets and liabilities: | ||
| Investment fee income receivable | (918) | 5 |
| Interest income receivable | 3 | (153) |
| Prepaid expenses | (148) | 84 |
| Other accounts receivable | (65) | 10 |
| Other assets | (27) | - |
| Accrued liabilities and accounts payable | 1,276 | (155) |
| Income taxes payable | (567) | (72) |
| Net cash provided by operating activities | 9,277 | 7,134 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (313) | (215) |
| Payments related to management contracts | (990) | (604) |
| Net cash used in investing activities | (1,303) | (819) |
| Cash flows from financing activities | ||
| Repurchase of vested employee restricted stock for tax withholding | (403) | (233) |
| Proceeds from shares issued pursuant to the 2021 Dividend Reinvestment and Stock Repurchase Plan | 8 | 9 |
| Proceeds from shares issued pursuant to the 2024 Dividend Reinvestment and Stock Repurchase Plan | 19 | - |
| Dividend payments | (4,152) | (4,102) |
| Net cash used in financing activities | (4,528) | (4,326) |
| Net increase in cash and cash equivalents | 3,446 | 1,989 |
| Cash and cash equivalents at the beginning of the period | 60,476 | 58,487 |
| Cash and cash equivalents at the end of the period | $63,922 | $60,476 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for income taxes | $2,124 | $779 |
| Cash paid for interest | $1,962 | $1,962 |
| Dividend investment issued in shares | $70 | $64 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.