$HNNA
HENNESSY ADVISORS INC

2014 Q4 Form 10-Q Financial Statement

#000119312515025663 Filed on January 29, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4
Revenue $9.734M $7.921M
YoY Change 22.89% 68.42%
Cost Of Revenue $1.590M $1.400M
YoY Change 13.57% 97.18%
Gross Profit $8.140M $6.530M
YoY Change 24.66% 63.66%
Gross Profit Margin 83.62% 82.44%
Selling, General & Admin $4.310M $3.390M
YoY Change 27.14% 44.26%
% of Gross Profit 52.95% 51.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.00K $60.00K
YoY Change 16.67% 50.0%
% of Gross Profit 0.86% 0.92%
Operating Expenses $5.972M $4.846M
YoY Change 23.24% 56.17%
Operating Profit $3.762M $3.075M
YoY Change 22.34% 92.19%
Interest Expense $264.0K $246.0K
YoY Change 7.32% 78.26%
% of Operating Profit 7.02% 8.0%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $3.498M $2.829M
YoY Change 23.65% 109.25%
Income Tax $1.432M $1.372M
% Of Pretax Income 40.94% 48.5%
Net Earnings $2.066M $1.457M
YoY Change 41.8% 89.71%
Net Earnings / Revenue 21.22% 18.39%
Basic Earnings Per Share $0.36 $0.25
Diluted Earnings Per Share $0.35 $0.25
COMMON SHARES
Basic Shares Outstanding 5.776M shares 5.724M shares
Diluted Shares Outstanding 5.840M shares 5.797M shares

Balance Sheet

Concept 2014 Q4 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.100M $3.000M
YoY Change 170.0% -38.78%
Cash & Equivalents $8.108M $3.027M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $700.0K $407.0K
YoY Change 71.99% 35.67%
Inventory
Prepaid Expenses $367.0K $203.0K
Receivables $3.370M $2.744M
Other Receivables $300.0K $500.0K
Total Short-Term Assets $12.50M $6.509M
YoY Change 92.04% -14.36%
LONG-TERM ASSETS
Property, Plant & Equipment $229.0K $257.0K
YoY Change -10.89% 28.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $383.0K $455.0K
YoY Change -15.82% 51.67%
Total Long-Term Assets $63.10M $63.20M
YoY Change -0.16% 46.98%
TOTAL ASSETS
Total Short-Term Assets $12.50M $6.509M
Total Long-Term Assets $63.10M $63.20M
Total Assets $75.60M $69.71M
YoY Change 8.45% 37.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.400M $2.000M
YoY Change 20.0% 66.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.750M $3.750M
YoY Change 0.0% 108.33%
Total Short-Term Liabilities $6.297M $6.503M
YoY Change -3.17% 91.26%
LONG-TERM LIABILITIES
Long-Term Debt $22.03M $25.78M
YoY Change -14.54% 57.22%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $22.03M $25.78M
YoY Change -14.54% 57.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.297M $6.503M
Total Long-Term Liabilities $22.03M $25.78M
Total Liabilities $36.30M $38.60M
YoY Change -5.97% 56.91%
SHAREHOLDERS EQUITY
Retained Earnings $28.31M $21.11M
YoY Change 34.09%
Common Stock $11.00M $9.997M
YoY Change 9.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.30M $31.10M
YoY Change
Total Liabilities & Shareholders Equity $75.60M $69.71M
YoY Change 8.45% 37.77%

Cashflow Statement

Concept 2014 Q4 2013 Q4
OPERATING ACTIVITIES
Net Income $2.066M $1.457M
YoY Change 41.8% 89.71%
Depreciation, Depletion And Amortization $70.00K $60.00K
YoY Change 16.67% 50.0%
Cash From Operating Activities $1.730M $1.483M
YoY Change 16.66% -1389.57%
INVESTING ACTIVITIES
Capital Expenditures $32.00K $41.00K
YoY Change -21.95% -60.95%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$30.00K -$19.19M
YoY Change -99.84% -2.09%
FINANCING ACTIVITIES
Cash Dividend Paid $301.0K $184.0K
YoY Change 63.59% 2.22%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $938.0K $619.0K
YoY Change 51.53% 200.49%
Cash From Financing Activities -1.240M 12.33M
YoY Change -110.06% -22.52%
NET CHANGE
Cash From Operating Activities 1.730M 1.483M
Cash From Investing Activities -30.00K -19.19M
Cash From Financing Activities -1.240M 12.33M
Net Change In Cash 460.0K -5.379M
YoY Change -108.55% 41.44%
FREE CASH FLOW
Cash From Operating Activities $1.730M $1.483M
Capital Expenditures $32.00K $41.00K
Free Cash Flow $1.698M $1.442M
YoY Change 17.75% -755.45%

Facts In Submission

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HENNESSY ADVISORS INC
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HNNA
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21624
CY2014Q4 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-32000
CY2014Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1382000
CY2014Q4 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1127000
CY2014Q4 us-gaap Share Based Compensation
ShareBasedCompensation
160000
CY2014Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
34000
CY2014Q4 hnna Share Based Compensation Arrangement By Share Based Payment Award Award Grant Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardGrantPeriod
P10Y
CY2014Q4 hnna Line Of Credit Facility Loan Cost
LineOfCreditFacilityLoanCost
376226
CY2014Q4 hnna Distribution Expense
DistributionExpense
862000
CY2014Q4 hnna Amortized Period Of Line Of Credit Facility Cost
AmortizedPeriodOfLineOfCreditFacilityCost
P60M

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