HENNESSY ADVISORS INC
For the period ended Sep 30, 2025. Filed Dec 3, 2025.
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FY2025 · Filed Dec 3, 2025
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, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Cash flows from operating activities | |||
| Net income | $9,960 | $7,097 | |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation | 290 | 244 | |
| Unrealized loss gain on marketable securities | (1) | (1) | |
| Change in right-of-use asset and operating lease liability | 6 | 29 | |
| Amortization of note issuance costs | 330 | 313 | |
| Deferred income taxes | 911 | 1,051 | |
| Employee restricted stock forfeiture | (7) | - | |
| Stock-based compensation | 1,128 | 990 | |
| Change in operating assets and liabilities: | |||
| Investment fee income receivable | 197 | (918) | |
| Interest income receivable | 25 | 3 | |
| Prepaid expenses | 20 | (148) | |
| Other accounts receivable | 29 | (65) | |
| Other assets | 1 | (27) | |
| Accrued liabilities and accounts payable | 423 | 1,276 | |
| Income taxes payable | 480 | (567) | |
| Net cash provided by operating activities | 13,792 | 9,277 | |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (440) | (313) | |
| Payments related to management contracts | (187) | (990) | |
| Net cash used in investing activities | (627) | (1,303) | |
| Cash flows from financing activities | |||
| Repurchase of vested employee restricted stock for tax withholding | (459) | (403) | |
| Proceeds from shares issued pursuant to the 2021 Dividend Reinvestment and Stock Repurchase Plan | - | 8 | |
| Proceeds from shares issued pursuant to the 2024 Dividend Reinvestment and Stock Repurchase Plan | 7 | 19 | |
| Dividend payments | (4,204) | (4,152) | |
| Net cash used in financing activities | (4,656) | (4,528) | |
| Net increase in cash and cash equivalents | 8,509 | 3,446 | |
| Cash and cash equivalents at the beginning of the period | 63,922 | 60,476 | |
| Cash and cash equivalents at the end of the period | $72,431 | $63,922 | |
| Supplemental disclosures of cash flow information | |||
| Cash paid for income taxes | $2,268 | $2,124 | |
| Cash paid for interest | $1,963 | $1,963 | |
| Dividend investment issued in shares | $77 | $70 | |
| Payments related to management contracts in accrued liabilities | $123 | $ | - |
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