Hennessy Advisors, Inc. (HNNA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 2.31M | 661K | 3.8M | 4.02M | 3.75M | 2.23M | 3.44M | 3.55M | 1.87M | 416K | 2.49M | 2.69M | 1.99M | -32K | 2.41M | 2.71M | 2.38M | 1.16M | 3.17M | 3.59M |
| Operating CF Margin % | 28.39% | 7.94% | 44.67% | 49.86% | 40.37% | 23.01% | 39.14% | 45.63% | 26.99% | 6.77% | 39.76% | 47.2% | 33.59% | -0.52% | 37.26% | 39.2% | 30.78% | 13.58% | 37.27% | 42.11% |
| Operating CF Growth % | -38.34% | -70.41% | 10.51% | 13.06% | 99.95% | 437.02% | 38.1% | 32% | -5.74% | 1400% | 3.07% | -0.63% | -16.65% | -102.76% | -23.9% | -24.59% | -7.31% | 10.28% | 21.49% | 31.88% |
| Net Income | 1.91M | 1.93M | 2.42M | 2.12M | 2.58M | 2.83M | 2.33M | 2.03M | 1.54M | 1.2M | 1.34M | 1.12M | 1.2M | 1.12M | 1.37M | 1.3M | 1.6M | 1.91M | 2M | 2.24M |
| Depreciation & Amortization | 86K | 66K | 86K | 74K | 69K | 61K | 59K | 59K | 57K | 69K | 66K | 59K | 56K | 49K | 52K | 52K | 50K | 53K | 51K | 56K |
| Stock-Based Compensation | 0 | 309K | 0 | 275K | 274K | 299K | 251K | 247K | 246K | 246K | 242K | 243K | 262K | 262K | 277K | 291K | 283K | 385K | 384K | 351K |
| Deferred Taxes | 0 | 283K | 0 | 405K | 199K | 278K | 316K | 284K | 237K | 214K | 218K | 250K | 393K | 262K | -202K | 219K | 464K | 570K | 39K | 255K |
| Other Non-Cash Items | 617K | 395K | 386K | 85K | 83K | 83K | 114K | 81K | 75K | 71K | 70K | 72K | 69K | 71K | 70K | 73K | 66K | 55K | -3K | -25K |
| Working Capital Changes | -304K | -2.32M | 903K | 1.06M | 537K | -1.32M | 368K | 852K | -282K | -1.38M | 551K | 951K | 12K | -1.79M | 843K | 772K | -81K | -1.82M | 702K | 710K |
| Change in Receivables | 86K | -135K | 23K | 229K | 369K | -17K | -347K | -89K | -420K | -109K | -126K | 30K | 223K | -24K | 117K | 435K | 312K | -31K | 26K | -123K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.28M | -1.83M | 0 | 0 | 0 | 0 | 0 | 0 | 1.69M | 303K | 0 |
| Change in Payables | 789K | -2.83M | 707K | 681K | 0 | -2.01M | 0 | 657K | 0 | -1.55M | 1.83M | 0 | 0 | -1.99M | -831K | 270K | 0 | -1.69M | 338K | 0 |
| Cash from Investing | -66K | -60K | -176K | -210K | -114K | -127K | -100K | -93K | -860K | -250K | -155K | -138K | -145K | -381K | -75K | -56K | -43K | -57K | -67K | -49K |
| Capital Expenditures | -66K | -60K | -176K | -210K | -81K | -117K | -100K | -97K | -70K | -46K | -52K | -50K | -49K | -64K | -60K | -56K | -43K | -57K | -67K | -49K |
| CapEx % of Revenue | 0.81% | 0.72% | 2.07% | 2.61% | 0.87% | 1.21% | 1.14% | 1.25% | 1.01% | 0.75% | 0.83% | 0.88% | 0.83% | 1.04% | 0.93% | 0.81% | 0.56% | 0.67% | 0.79% | 0.57% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 13K | 12K | 12K | 11K | 11K | 11K | 11K | 11K | 11K | 11K | 10K | 10K | 10K | 10K | 9K | 10K | 10K | 10K | 10K | 10K |
| Other Investing | 0 | 0 | 0 | 0 | -33K | -10K | 0 | 4K | -790K | -204K | -103K | -88K | -96K | -317K | -15K | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -1.16M | -1.06M | -1.51M | -1.05M | -1.05M | -1.05M | -1.43M | -1.03M | -1.02M | -1.04M | -1.26M | -1.02M | -1.02M | -1.02M | -1.33M | -1.01M | -1.01M | 37.56M | -1.31M | -980K |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 8K | 1K | -458K | 2K | 2K | 2K | -411K | 2K | 13K | 1K | -231K | 3K | 2K | 2K | -318K | 1K | 1K | -35K | -313K | 13K |
| Dividends Paid | -1.16M | -1.07M | -1.05M | -1.05M | -1.05M | -2K | -1.04M | -1.04M | -1.04M | -1.04M | -1.02M | -1.03M | -1.02M | -1.03M | -1.01M | -1.01M | -1.01M | -1.01M | -994K | -993K |
| Share Repurchases | 0 | 0 | -459K | 0 | 0 | 0 | -403K | 0 | 0 | 0 | -233K | 0 | 0 | 0 | -319K | 0 | 0 | -37K | -322K | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | -1.05M | 19K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -435K | 0 | 0 |
| Net Change in Cash | 1.09M | -464K | 2.11M | 2.76M | 2.58M | 1.06M | 1.91M | 2.42M | -12K | -871K | 1.08M | 1.53M | 819K | -1.44M | 1.01M | 1.65M | 1.33M | 38.67M | 1.8M | 2.56M |
| Free Cash Flow | 2.24M | 601K | 3.62M | 3.95M | 3.66M | 2.12M | 3.34M | 3.46M | 1.8M | 370K | 2.44M | 2.64M | 1.94M | -96K | 2.35M | 2.65M | 2.34M | 1.1M | 3.1M | 3.54M |
| FCF Margin % | 27.58% | 7.22% | 42.61% | 49.03% | 39.5% | 21.81% | 38% | 44.39% | 25.98% | 6.02% | 38.93% | 46.33% | 32.76% | -1.56% | 36.33% | 38.38% | 30.23% | 12.91% | 36.49% | 41.54% |
| FCF Growth % | -38.78% | -71.61% | 8.57% | 14.3% | 103.22% | 472.16% | 36.95% | 30.82% | -6.97% | 485.42% | 3.48% | -0.41% | -17.21% | -108.71% | -24.19% | -25.13% | -6.55% | 11.88% | 22.1% | 31.77% |
| FCF per Share | 0.28 | 0.08 | 0.46 | 0.50 | 0.46 | 0.27 | 0.43 | 0.45 | 0.23 | 0.05 | 0.32 | 0.35 | 0.25 | -0.01 | 0.31 | 0.35 | 0.31 | 0.15 | 0.42 | 0.48 |
| FCF Conversion (FCF/Net Income) | 1.21x | 0.34x | 1.57x | 1.89x | 1.45x | 0.79x | 1.48x | 1.75x | 1.22x | 0.35x | 1.86x | 2.41x | 1.66x | -0.03x | 1.76x | 2.08x | 1.49x | 0.61x | 1.59x | 1.60x |
| Interest Paid | 490K | 0 | -1.47M | 491K | 490K | 491K | 490K | 491K | 490K | 0 | 490K | 491K | 490K | 0 | 491K | 490K | 491K | 0 | 0 | 0 |
| Taxes Paid | 1.64M | 0 | -2M | 396K | 1.6M | 3K | 810K | 533K | 781K | 0 | 133K | 159K | 0 | 0 | 128K | 269K | 0 | 0 | 530K | 637K |