$HNNA
HENNESSY ADVISORS INC

2016 Q1 Form 10-Q Financial Statement

#000119312516577577 Filed on May 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $12.19M $10.56M
YoY Change 15.48% 27.05%
Cost Of Revenue $2.050M $1.740M
YoY Change 17.82% 19.18%
Gross Profit $10.14M $8.820M
YoY Change 14.97% 28.76%
Gross Profit Margin 83.17% 83.54%
Selling, General & Admin $4.600M $4.330M
YoY Change 6.24% 19.94%
% of Gross Profit 45.36% 49.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00K $60.00K
YoY Change 50.0% 0.0%
% of Gross Profit 0.89% 0.68%
Operating Expenses $6.740M $6.138M
YoY Change 9.81% 19.63%
Operating Profit $5.452M $4.420M
YoY Change 23.35% 39.04%
Interest Expense $309.0K $250.0K
YoY Change 23.6% -12.59%
% of Operating Profit 5.67% 5.66%
Other Income/Expense, Net $1.000K $1.000K
YoY Change 0.0% 0.0%
Pretax Income $5.144M $4.171M
YoY Change 23.33% 44.13%
Income Tax $1.861M $1.577M
% Of Pretax Income 36.18% 37.81%
Net Earnings $3.283M $2.594M
YoY Change 26.56% 47.47%
Net Earnings / Revenue 26.93% 24.57%
Basic Earnings Per Share $0.43 $0.45
Diluted Earnings Per Share $0.43 $0.44
COMMON SHARES
Basic Shares Outstanding 7.598M shares 5.776M shares
Diluted Shares Outstanding 7.694M shares 5.863M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.500M $9.200M
YoY Change -18.48% 124.39%
Cash & Equivalents $7.496M $9.197M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $1.500M $700.0K
YoY Change 114.29% 133.33%
Inventory
Prepaid Expenses $807.0K $371.0K
Receivables $4.314M $3.948M
Other Receivables $500.0K $300.0K
Total Short-Term Assets $13.83M $14.12M
YoY Change -2.06% 80.36%
LONG-TERM ASSETS
Property, Plant & Equipment $316.0K $200.0K
YoY Change 58.0% -20.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $650.0K $361.0K
YoY Change 80.06% -16.63%
Total Long-Term Assets $63.93M $63.06M
YoY Change 1.38% -0.17%
TOTAL ASSETS
Total Short-Term Assets $13.83M $14.12M
Total Long-Term Assets $63.93M $63.06M
Total Assets $77.76M $77.18M
YoY Change 0.75% 8.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.200M $3.200M
YoY Change 31.25% 10.34%
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 $8.616M $7.092M
YoY Change 21.49% 6.09%
LONG-TERM LIABILITIES
Long-Term Debt $28.44M $21.10M
YoY Change 34.8% -15.09%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $28.44M $21.10M
YoY Change 34.8% -15.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.616M $7.092M
Total Long-Term Liabilities $28.44M $21.10M
Total Liabilities $47.73M $35.41M
YoY Change 34.78% -7.36%
SHAREHOLDERS EQUITY
Retained Earnings $17.62M $30.54M
YoY Change -42.31% 34.93%
Common Stock $12.41M $11.23M
YoY Change 10.52% 10.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.03M $41.80M
YoY Change
Total Liabilities & Shareholders Equity $77.76M $77.18M
YoY Change 0.75% 8.71%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $3.283M $2.594M
YoY Change 26.56% 47.47%
Depreciation, Depletion And Amortization $90.00K $60.00K
YoY Change 50.0% 0.0%
Cash From Operating Activities $4.890M $2.420M
YoY Change 102.07% 9.5%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$20.00K
YoY Change 150.0% -33.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$10.00K
YoY Change -100.0%
Cash From Investing Activities -$40.00K -$30.00K
YoY Change 33.33% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.490M -1.300M
YoY Change 14.62% 18.18%
NET CHANGE
Cash From Operating Activities 4.890M 2.420M
Cash From Investing Activities -40.00K -30.00K
Cash From Financing Activities -1.490M -1.300M
Net Change In Cash 3.360M 1.090M
YoY Change 208.26% 0.93%
FREE CASH FLOW
Cash From Operating Activities $4.890M $2.420M
Capital Expenditures -$50.00K -$20.00K
Free Cash Flow $4.940M $2.440M
YoY Change 102.46% 8.93%

Facts In Submission

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OperatingIncomeLoss
5452000
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000
CY2016Q1 us-gaap Servicing Fees
ServicingFees
1201000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5144000
CY2016Q1 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
10991000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1861000
CY2016Q1 us-gaap Subadvisory Fees For Mutual Funds
SubadvisoryFeesForMutualFunds
2054000
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
6740000
CY2016Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2891000
CY2016Q1 hnna Distribution Expense
DistributionExpense
301000
CY2016Q1 us-gaap Interest Expense
InterestExpense
309000
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1405000
CY2016Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
89000

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