HENNESSY ADVISORS INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2024 · Filed Feb 13, 2025
HNNA$10.36+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
(In thousands)
| Three Months Ended December 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Cash flows from operating activities | |||
| Net income | $2,834 | $1,200 | |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation | 61 | 69 | |
| Unrealized gain on marketable securities | - | (1) | |
| Change in right-of-use asset and operating lease liability | 2 | (4) | |
| Amortization of note issuance costs | 81 | 76 | |
| Deferred income taxes | 278 | 214 | |
| Stock-based compensation | 299 | 246 | |
| Change in operating assets and liabilities | |||
| Investment fee income receivable | (371) | (109) | |
| Interest income receivable | 18 | (11) | |
| Prepaid expenses | 210 | 66 | |
| Other accounts receivable | (17) | (4) | |
| Other assets | 1 | (7) | |
| Accrued liabilities and accounts payable | (2,013) | (1,549) | |
| Income taxes payable | 851 | 230 | |
| Net cash provided by operating activities | 2,234 | 416 | |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (117) | (46) | |
| Payments related to management contracts | (10) | (204) | |
| Net cash used in investing activities | (127) | (250) | |
| Cash flows from financing activities | |||
| Proceeds from shares issued pursuant to the 2021 Dividend Reinvestment and Stock Repurchase Plan | - | 1 | |
| Proceeds from shares issued pursuant to the 2024 Dividend Reinvestment and Stock Repurchase Plan | 2 | - | |
| Dividend payments | (1,052) | (1,038) | |
| Net cash used in financing activities | (1,050) | (1,037) | |
| Net increase (decrease) in cash and cash equivalents | 1,057 | (871) | |
| Cash and cash equivalents at the beginning of the period | 63,922 | 60,476 | |
| Cash and cash equivalents at the end of the period | $64,979 | $59,605 | |
| Supplemental disclosures of cash flow information | |||
| Cash paid for income taxes | $3 | $ | - |
| Cash paid for interest | $491 | $491 | |
| Dividend reinvestment issued in shares | $18 | $17 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.