Westwood Holdings Group, Inc. (WHG) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 |
|---|
| Cash from Operations | -2.57M | 7.03M | 8.54M | 7.3M | -4.9M | 8.91M | 11.96M | 3.55M | 8.13M | 4.5M | -1.78M | -723K | -3.18M | 36.55M | 3.18M | 3.37M | 8.77M | -1.68M | 22.29M | 5.82M |
| Operating CF Margin % | -10.28% | 25.93% | 35.16% | 31.59% | -21.07% | 34.82% | 50.42% | 15.66% | 35.78% | 19.37% | -8.14% | -3.29% | -13.99% | 178.68% | 20.63% | 21.6% | 50.94% | -8.64% | 124.8% | 33.26% |
| Operating CF Growth % | 47.61% | -21.12% | -28.6% | 105.6% | -160.25% | 98% | 771.1% | 591.29% | 355.84% | -87.69% | -156.07% | -121.45% | -136.25% | 2282.15% | -85.74% | -42.03% | 224.49% | 37.69% | 177.11% | -43.55% |
| Net Income | 782K | 1.86M | 3.73M | 1.03M | 477K | 2.1M | 159K | -2.24M | 2.3M | 2.58M | 4.38M | 2.9M | 693K | -3.13M | -1.18M | -378K | 50K | 2.81M | 1.88M | 970K |
| Depreciation & Amortization | 883K | 927K | 1.18M | 1.16M | 1.18M | 1.2M | 1.15M | 1.18M | 1.22M | 1.2M | 1.21M | 1.21M | 1.2M | 870K | 543K | 581K | 582K | 585K | 580K | 596K |
| Stock-Based Compensation | 1.26M | 1.22M | 1.3M | 1.29M | 1.33M | 1.22M | 1.41M | 1.4M | 1.51M | 1.41M | 1.74M | 1.62M | 1.75M | 1.59M | 1.51M | 1.52M | 1.38M | 1.38M | 1.36M | 1.38M |
| Deferred Taxes | -40K | 0 | -200K | 114K | -226K | -654K | -817K | 797K | -844K | 384K | 424K | 364K | -136K | -679K | 250K | -523K | 21K | 143K | 464K | -27K |
| Other Non-Cash Items | 4.71M | 1.38M | -1.82M | 338K | 8.34M | 1.39M | 8.46M | 3.77M | 8.96M | -1.18M | -10.85M | -11.15M | -994K | 37.45M | 599K | 1.34M | 12.83M | -6.95M | 17.29M | -1.1M |
| Working Capital Changes | -10.17M | 1.63M | 4.35M | 3.36M | -15.99M | 3.66M | 1.6M | -1.35M | -5.01M | 100K | 1.32M | 4.33M | -5.69M | 442K | 1.45M | 828K | -6.09M | 354K | 711K | 4M |
| Change in Receivables | 379K | -2.18M | 761K | 730K | -1.61M | 143K | -272K | 854K | -784K | -1.22M | 436K | 1.58M | -657K | -1.79M | 0 | 448K | 1.41M | -1.37M | 96K | 1.86M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.94M | 0 | 133K | -675K | -464K | 1.48M | -378K | -1.53M | 719K | -392K | 741K | -937K | 141K | 1M | 560K | -13K | -301K | -140K | -436K | 782K |
| Cash from Investing | 2.64M | -1.14M | -1.08M | -37K | -1.42M | -3.08M | -11.44M | -1.52M | -3K | -28K | 4.98M | 414K | -1.25M | -34M | -41K | -52K | -30K | -64K | -21K | -84K |
| Capital Expenditures | -246K | -4K | -76K | -37K | -6K | -75K | 1.49M | -1.52M | -3K | -28K | -22K | -13K | -84K | -197K | -41K | -52K | -30K | -64K | -21K | -84K |
| CapEx % of Revenue | 0.99% | 0.01% | 0.31% | 0.16% | 0.03% | 0.29% | 6.28% | 6.7% | 0.01% | 0.12% | 0.1% | 0.06% | 0.37% | 0.96% | 0.27% | 0.33% | 0.17% | 0.33% | 0.12% | 0.48% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 41.43M | 38.69M | 35.71M | 35.65M | 42.69M | 40.6M | 35.51M | 32.67M | 44.45M | 43.07M | 34.58M | 27.32M | 29.4M | 60.02M | 60.31M | 61.35M | 73.99M | 66.73M | 83.72M |
| Other Investing | 298K | -1.13M | 0 | 7.96M | -8.37M | -1M | 0 | 974K | -24.81M | 0 | 5M | 0 | -47K | -73.82M | 221K | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -2.91M | -1.25M | -1.26M | -1.28M | -3.11M | -9.77M | -1.5M | -4.15M | -2.66M | -1.23M | -1.25M | -1.21M | -2.68M | -1.17M | -2.64M | -2.5M | -2.8M | -1.63M | -20.97M | -1.47M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -1.29M | 0 | 0 | 0 | -1.33M | 0 | -273K | -1.07M | -940K | 0 | 0 | 0 | -837K | -1K | -1.45M | -1.2M | -200K | -826K | -464K | -655K |
| Dividends Paid | -1.63M | -1.25M | -1.26M | -1.28M | -1.57M | -1.23M | -1.23M | -1.26M | -1.72M | -1.23M | -1.22M | -1.21M | -1.84M | -1.17M | -1.2M | -1.29M | -1.97M | -807K | -20.51M | -818K |
| Share Repurchases | -1.29M | 0 | 0 | 0 | -1.33M | 0 | -273K | -1.07M | -940K | 0 | 0 | 0 | -837K | -1K | -1.45M | -1.2M | -200K | -826K | -464K | -655K |
| Other Financing | 0 | 0 | 0 | 0 | -201K | -8.54M | 0 | -1.81M | 0 | 1K | -26K | 0 | 0 | 0 | 0 | 0 | -626K | 0 | 0 | 0 |
| Net Change in Cash | -2.84M | 4.64M | 6.2M | 5.99M | -9.43M | -3.94M | -980K | -2.12M | 5.47M | 3.24M | 1.95M | -1.52M | -7.11M | 1.39M | 495K | 827K | 5.94M | -3.25M | 1.21M | 4.26M |
| Free Cash Flow | -2.81M | 7.02M | 8.46M | 7.27M | -4.91M | 7.83M | 13.45M | 3.53M | 8.13M | 4.47M | -1.8M | -736K | -3.26M | 36.35M | 3.14M | 3.32M | 8.74M | -1.74M | 22.27M | 5.73M |
| FCF Margin % | -11.27% | 25.91% | 34.84% | 31.43% | -21.1% | 30.6% | 56.7% | 15.56% | 35.76% | 19.25% | -8.24% | -3.35% | -14.36% | 177.72% | 20.36% | 21.27% | 50.77% | -8.97% | 124.69% | 32.78% |
| FCF Growth % | 42.66% | -10.3% | -37.07% | 105.78% | -160.34% | 75.11% | 845.51% | 579.76% | 349.16% | -87.7% | -157.51% | -122.18% | -137.33% | 2190.51% | -85.91% | -42.09% | 223.9% | 35.33% | 176.94% | -44.15% |
| FCF per Share | -0.31 | 0.78 | 0.95 | 0.82 | -0.56 | 0.92 | 1.58 | 0.43 | 0.97 | 0.55 | -0.22 | -0.09 | -0.41 | 4.68 | 0.40 | 0.42 | 1.10 | -0.22 | 2.80 | 0.72 |
| FCF Conversion (FCF/Net Income) | -3.28x | 3.77x | 2.31x | 7.17x | -10.27x | 4.33x | 75.21x | -1.58x | 3.54x | 1.74x | -0.41x | -0.25x | -4.45x | -11.70x | -2.70x | -8.92x | 175.40x | -0.60x | 11.86x | 5.99x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 74K | 303K | 232K | 1.61M | 809K | 999K | 9K | 570K | 724K | 268K | 32K | 51K | 16K | 1.79M | 0 | 1.35M | 59K | -322K |