$HNNA
HENNESSY ADVISORS INC

2015 Q4 Form 10-Q Financial Statement

#000119312516441839 Filed on January 28, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4
Revenue $13.15M $9.734M
YoY Change 35.12% 22.89%
Cost Of Revenue $2.150M $1.590M
YoY Change 35.22% 13.57%
Gross Profit $11.00M $8.140M
YoY Change 35.14% 24.66%
Gross Profit Margin 83.63% 83.62%
Selling, General & Admin $4.650M $4.310M
YoY Change 7.89% 27.14%
% of Gross Profit 42.27% 52.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00K $70.00K
YoY Change 28.57% 16.67%
% of Gross Profit 0.82% 0.86%
Operating Expenses $6.892M $5.972M
YoY Change 15.41% 23.24%
Operating Profit $6.261M $3.762M
YoY Change 66.43% 22.34%
Interest Expense $361.0K $264.0K
YoY Change 36.74% 7.32%
% of Operating Profit 5.77% 7.02%
Other Income/Expense, Net
YoY Change
Pretax Income $5.900M $3.498M
YoY Change 68.67% 23.65%
Income Tax $2.250M $1.432M
% Of Pretax Income 38.14% 40.94%
Net Earnings $3.650M $2.066M
YoY Change 76.67% 41.8%
Net Earnings / Revenue 27.75% 21.22%
Basic Earnings Per Share $0.48 $0.36
Diluted Earnings Per Share $0.48 $0.35
COMMON SHARES
Basic Shares Outstanding 5.063M shares 5.776M shares
Diluted Shares Outstanding 5.121M shares 5.840M shares

Balance Sheet

Concept 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.200M $8.100M
YoY Change -48.15% 170.0%
Cash & Equivalents $4.146M $8.108M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $1.300M $700.0K
YoY Change 85.71% 71.99%
Inventory
Prepaid Expenses $597.0K $367.0K
Receivables $4.424M $3.370M
Other Receivables $700.0K $300.0K
Total Short-Term Assets $10.49M $12.50M
YoY Change -16.06% 92.04%
LONG-TERM ASSETS
Property, Plant & Equipment $354.0K $229.0K
YoY Change 54.59% -10.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $687.0K $383.0K
YoY Change 79.37% -15.82%
Total Long-Term Assets $63.97M $63.10M
YoY Change 1.38% -0.16%
TOTAL ASSETS
Total Short-Term Assets $10.49M $12.50M
Total Long-Term Assets $63.97M $63.10M
Total Assets $74.47M $75.60M
YoY Change -1.5% 8.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.200M $2.400M
YoY Change 33.33% 20.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.375M $3.750M
YoY Change 16.67% 0.0%
Total Short-Term Liabilities $7.675M $6.297M
YoY Change 21.88% -3.17%
LONG-TERM LIABILITIES
Long-Term Debt $29.53M $22.03M
YoY Change 34.02% -14.54%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $29.53M $22.03M
YoY Change 34.02% -14.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.675M $6.297M
Total Long-Term Liabilities $29.53M $22.03M
Total Liabilities $47.77M $36.30M
YoY Change 31.6% -5.97%
SHAREHOLDERS EQUITY
Retained Earnings $14.74M $28.31M
YoY Change -47.93% 34.09%
Common Stock $11.96M $11.00M
YoY Change 8.74% 9.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $26.70M $39.30M
YoY Change
Total Liabilities & Shareholders Equity $74.47M $75.60M
YoY Change -1.5% 8.45%

Cashflow Statement

Concept 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income $3.650M $2.066M
YoY Change 76.67% 41.8%
Depreciation, Depletion And Amortization $90.00K $70.00K
YoY Change 28.57% 16.67%
Cash From Operating Activities $2.790M $1.730M
YoY Change 61.27% 16.66%
INVESTING ACTIVITIES
Capital Expenditures $86.00K $32.00K
YoY Change 168.75% -21.95%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$330.0K -$30.00K
YoY Change 1000.0% -99.84%
FINANCING ACTIVITIES
Cash Dividend Paid $300.0K $301.0K
YoY Change -0.33% 63.59%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.094M $938.0K
YoY Change 16.63% 51.53%
Cash From Financing Activities -1.410M -1.240M
YoY Change 13.71% -110.06%
NET CHANGE
Cash From Operating Activities 2.790M 1.730M
Cash From Investing Activities -330.0K -30.00K
Cash From Financing Activities -1.410M -1.240M
Net Change In Cash 1.050M 460.0K
YoY Change 128.26% -108.55%
FREE CASH FLOW
Cash From Operating Activities $2.790M $1.730M
Capital Expenditures $86.00K $32.00K
Free Cash Flow $2.704M $1.698M
YoY Change 59.25% 17.75%

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